Bankers' Balances Before and Since the Federal Reserve System PDF Download

Author: LEONARD LYON WATKINS
Publisher:
ISBN:
Category :
Languages : en
Pages : 722

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Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0

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Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Author: Leonard Lyon Watkins
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 458

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Author: Federal Reserve Bank of Richmond
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 120

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Author: Edwin Walter Kemmerer
Publisher: Pantianos Classics
ISBN:
Category : Business & Economics
Languages : en
Pages : 202

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Book Description
Renowned economist Edwin Kemmerer narrates the inception and history of the Federal Reserve System, while outlining its functions and purposes in the economy of the United States. The Federal Reserve was conceived as an antidote to a succession of financial panics in the late 19th and early 20th century. The great panic of 1907 was, for government legislators weary of the chaos and joblessness brought by such volatility, the final straw. For a time J. P. Morgan, a banking magnate, aggressively plowed funds to stabilize, avert and mitigate the chaos. However a longer term, government-backed solution was needed: in 1913, the Federal Reserve was formally established. Edwin Kemmerer was already influential in academia at the time of the Federal Reserve's creation, and broadly supported the concept of the 'central bank' as a stabilizing force. The order brought to finance by centralization, together with a pegging of the dollar to gold, formed lifelong pillars of the author's economic philosophy. Although the gold standard in particular has since fell from favor, many of the guiding principles in this book stand in modern day economics, and its historical value is undoubted. Together with a comprehensive account of the Federal Reserve, the Appendices of this book contain relevant law of the era. The Federal Reserve Act, together with salient portions of the Farm Loan Act (an early exemplar of the post-Fed system of credit) are included with the author's notes. In all, this book offers readers an in-depth justification and narration of the Fed's creation and early years.

Author: Brian C. Gendreau
Publisher:
ISBN:
Category : Agricultural credit
Languages : en
Pages : 50

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Author: Deane Carson
Publisher: Homewood, Ill. : R.D. Irwin
ISBN:
Category : Banks and banking
Languages : en
Pages : 464

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Book Description
The collection of essays, written by 25 professional economists, deals with history, theory, policy and contemporary problems of US monetary and banking institutions.

Author: Katherine Finney
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 152

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Book Description
Considers the purposes which domestic interbank deposits serve, factors influencing their size and location, and the effects of bankers' balances upon monetary policy and the functioning of the commercial banking system.

Author: American Bankers Association. Economic Policy Commission
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 254

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Book Description

Author: Stephen H. Axilrod
Publisher: Oxford University Press
ISBN: 0199934495
Category : Business & Economics
Languages : en
Pages : 156

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Book Description
The Federal Reserve System--the central bank of the United States, better known as The Fed--has never been more controversial. Criticism has reached such levels that Congressman Ron Paul, contender for the Republican presidential nomination in 2012, published End the Fed, with blurbs from musician Arlo Guthrie and actor Vince Vaughn. And yet, amid a slow economy and partisan gridlock, the Fed has never been more important. Stephen H. Axilrod explains this influential agency-its powers, operations, how it sets policy-in The Federal Reserve, a timely addition to Oxford's acclaimed series, What Everyone Needs to Know®. Of the two major governmental tools for shaping the economy, Congress controls fiscal policy-taxation and spending-and the Fed makes monetary policy-influencing how much money circulates in the economy, and how quickly. Traditionally the Fed has relied on three instruments: open-market operations (buying and selling U.S. bonds), lending to banks, and setting reserve requirements on bank deposits. It also helps to regulate the financial system. Drawing on years of experience inside the Federal Reserve System, Axilrod shows how these tools actually work, and answers a series of increasingly detailed questions in the series format. He asks, for instance, if the system of regional Fed banks needs modification for today's technological landscape; if there is corruption in the Fed's governance; what happens to profits from its operations; the impact of political pressure; the extent of Congressional oversight; and just how independent it truly is. Whether discussing the Fed's balance sheet through the financial crisis of 2008 and beyond, the federal funds rate, or the international context, Axilrod displays a mastery of his subject. Coming in time for the Fed's 100th anniversary in 2013, this book deftly explains an institution that every American needs to understand. What Everyone Needs to Know® is a registered trademark of Oxford University Press.