Monetary Management

15 per cent action additional reserves amount bank deposits bank reserves bank's banking system basis borrow central banking changes in reserve Consequently consumer credit credit expansion credit policy curities decline demand deposits demand for currency depositors developments discount rate effect employment eral Reserve excess reserves factors Federal Reserve authorities Federal Reserve Banks Federal Reserve notes Federal Reserve System funds gold certificates gold imports government bonds government securities holdings increase inflation inflationary influence interest rate loans and investments long-term bonds margin requirements member banks member-bank reserves monetary authorities monetary management monetary policy money supply open-market operations Policy Committee postwar problems production Professor public debt purchases Ratio of reserves reduce regulation Research Advisory Board Research Director reserve balance Reserve Bank credit reserve requirements responsibility restrain result rise serve short-term tion Treasury bills volume of money wartime