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 295
rated , and in the absence of adequate controls , rates of interest increased in spite of the Treasury's desire to maintain cheap money . Rates on gov- ernment obligations increased from 3 ( the rate on the early certificates ) to 434 ...
rated , and in the absence of adequate controls , rates of interest increased in spite of the Treasury's desire to maintain cheap money . Rates on gov- ernment obligations increased from 3 ( the rate on the early certificates ) to 434 ...
Page 545
rate of E bonds was raised to 34. By then money rates had reached a point that had been considered completely impossible a few years before . The prime rate was 5 per cent ; some savings and loan associations were paying 42 per cent ...
rate of E bonds was raised to 34. By then money rates had reached a point that had been considered completely impossible a few years before . The prime rate was 5 per cent ; some savings and loan associations were paying 42 per cent ...
Page 565
They agreed that interest rates moved up easily when tight money was instituted , but they did not think they moved ... because private interest rates , being administered prices , moved sluggishly in response to supply and demand.28 ...
They agreed that interest rates moved up easily when tight money was instituted , but they did not think they moved ... because private interest rates , being administered prices , moved sluggishly in response to supply and demand.28 ...
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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