Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Volume 2 |
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Page 290
interest rate was as high as 4 per cent . Meanwhile , in September Congress authorized the Treasury to borrow an additional $ 7.5 billion in long- term obligations and an additional $ 2 billion of certificates .
interest rate was as high as 4 per cent . Meanwhile , in September Congress authorized the Treasury to borrow an additional $ 7.5 billion in long- term obligations and an additional $ 2 billion of certificates .
Page 426
If the bonds were so classified , the pro- portion of the long - term debt in the total public - held interest - bearing debt increased from 65 to only 71 per cent . Another significant change in the Treasury's debt operations was the ...
If the bonds were so classified , the pro- portion of the long - term debt in the total public - held interest - bearing debt increased from 65 to only 71 per cent . Another significant change in the Treasury's debt operations was the ...
Page 509
The Reserve authorities came to regard any mention or support of low interest rates as a prelude to a return to " pegging the market . " Credit and monetary policy , they protested , did not determine interest rates , and therefore it ...
The Reserve authorities came to regard any mention or support of low interest rates as a prelude to a return to " pegging the market . " Credit and monetary policy , they protested , did not determine interest rates , and therefore it ...
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Contents
The Meaning and Basic Trends of Financial History | 1 |
Monetary and International Fi nancial Policies | 4 |
26 | 7 |
Copyright | |
56 other sections not shown
Other editions - View all
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Common terms and phrases
addition administration American Annual Report authorized balance bank reserves bankers banking system became began bill Bland-Allison Act Board borrowing budget capital cash cent certificates circulation cities coin colonies commercial banks Committee Comptroller Congress corporate cost currency declined deficit demand deposits depression duties economic established estimated excises expansion export favored Federal government Federal Reserve Federal Reserve Act Federal Reserve Board Federal Reserve System finance fiscal policy foreign funds gold standard government bonds greenbacks Hoover important income tax increased inflation interest rates investment issue June land levied loans member banks ment monetary money market money supply municipal National Bank Act national banks national-bank operations paper money payments pensions period President proposed purchase receipts recommended rediscount reduced refunding repealed Reserve banks retirement revenue Secretary securities Senate silver specie spending surplus tariff taxation tion Treasury notes Treasury's United veto York