Anti-inflation Program as Recommended in the President's Message of November 17, 1947: Hearings Before ..., 80-1, November 21 ... December 10, 19471948 - 643 páginas |
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Página 135
... banking system , including those purchased by the Federal Reserve banks . As the Reserve Board stated in its 1945 annual report to Congress , it is important to bear in mind that borrowing from the banking sys- tem , whether by the ...
... banking system , including those purchased by the Federal Reserve banks . As the Reserve Board stated in its 1945 annual report to Congress , it is important to bear in mind that borrowing from the banking sys- tem , whether by the ...
Página 136
... banks . The vast money supply thus created was held in check by an elab- orate harness of controls consisting ... Bank of New York correctly states : Rapidly accumulating debt is both a cause and a consequence of the infla- tionary ...
... banks . The vast money supply thus created was held in check by an elab- orate harness of controls consisting ... Bank of New York correctly states : Rapidly accumulating debt is both a cause and a consequence of the infla- tionary ...
Página 138
... banks or absorbs reserves . Reserves are the foundation on which bank credit is built . If banks have no reserves they cannot lend . But they can obtain re- serves when they borrow from the Federal Reserve banks or sell Government ...
... banks or absorbs reserves . Reserves are the foundation on which bank credit is built . If banks have no reserves they cannot lend . But they can obtain re- serves when they borrow from the Federal Reserve banks or sell Government ...
Página 140
... banks would acquire an equivalent volume of new reserves . On the basis of these reserves , the banks could expand credit by about six times , or by more than $ 200,000,000,000 . This is nearly double the present net demand deposits and ...
... banks would acquire an equivalent volume of new reserves . On the basis of these reserves , the banks could expand credit by about six times , or by more than $ 200,000,000,000 . This is nearly double the present net demand deposits and ...
Página 141
... banks in New York and Chicago from 20 to 26 percent of their net demand deposits . This is a relatively minor matter and does not in any way go to the heart of the problem . Any action taken would have an effect on banking conditions ...
... banks in New York and Chicago from 20 to 26 percent of their net demand deposits . This is a relatively minor matter and does not in any way go to the heart of the problem . Any action taken would have an effect on banking conditions ...
Términos y frases comunes
allocation amount areas authority bank credit believe Board bonds BROWN bushels buyers cars cash CATE cents CHAIRMAN CHAPMAN coal cocoa committee Commodity Credit Corporation Commodity Exchange Commodity Exchange Act Congress consumer contract cotton CRAWFORD crop domestic ECCLES economy effect excess export controls farmers FARRINGTON Federal Reserve Board Federal Reserve System feed flour futures contracts futures market going Government securities grain exchanges hedging important increase industry inflation inflationary interest limited loans margin requirements MCCLINTOCK MEHL ment operations percent period present President production purchase question reduced Representative HORAN Representative RICH reserve requirements result Secretary ANDERSON Secretary HARRIMAN sell Senator FLANDERS Senator KEM Senator MYERS Senator O'MAHONEY Senator SPARKMAN Senator WATKINS shortage situation SKYBERG special reserve speculation statement steel STURTEVANT sugar supply thing tons trade UHLMANN United
Pasajes populares
Página 639 - Board, there to produce records, if so ordered, or to give testimony touching the matter under investigation or in question; and any failure to obey such order of the court may be punished by such court as a contempt thereof.
Página 639 - ... upon a showing by the President that such person has engaged or is about to engage in any such acts or practices a permanent or temporary injunction, restraining order, or other order shall be granted without bond.
Página 639 - Commission, on the ground that the testimony or evidence, documentary or otherwise, required of him may tend to incriminate him or subject him to a penalty or forfeiture...
Página 92 - The CHAIRMAN. Are there any other questions? If not, we thank you very much, Mr.
Página 639 - ... and any failure to obey such order of the court may be punished by such court as a contempt thereof. All process in any such case may be served in the judicial district whereof such person is an inhabitant or wherever he may be found.
Página 639 - Whenever in the judgment of the Commission any person has engaged or is about to engage in any acts or practices which constitute or will constitute a violation...
Página 639 - Commission or any officer designated by it is empowered to administer oaths and affirmations, subpena witnesses, compel their attendance, take evidence, and require the production of any books, papers, correspondence, memoranda, or other records which the Commission deems relevant or material to the inquiry.
Página 70 - ... consisting of the Secretary of Agriculture, the Secretary of Commerce, and the Attorney General...
Página 639 - Board, its member, agent, or agency, there to produce evidence if so ordered, or there to give testimony touching the matter under investigation or in question ; and any failure to obey such order of the court may be punished by said court as a contempt thereof.
Página 639 - State at any designated place of hearing. (c) In case of contumacy by, or refusal to obey a subpena issued to, any person, the Commission may invoke the- aid of any court of the United States within the jurisdiction of which such investigation or proceeding is carried on, or where such person resides or carries on business, in requiring the attendance and testimony of witnesses and the production of books, papers, correspondence, memoranda, and other records.