Monetary Management

advances agreement amount balances bank credit Bank of England Bank of France bank reserves Bank's banking system basis Belgium billion Board of Governors bonds borrowing capital cash reserves central bank commercial banks Committee countries credit control credit expansion currency demand deposits Deutsche Bundesbank discount rate dollar assets earning assets economic effect excess reserves Federal Reserve banks Federal Reserve System financial institutions flexible exchange rates foreign exchange funds gold Government securities growth holdings important increase individual banks interbank deposits interest rates issues liabilities limited liquidity ratios member bank reserve ment monetary control monetary policy money supply National Bank Netherlands Bank nonmember banks open-market operations payments deficits percent period portfolio position President private debt proposal purchases rediscount required reserves reserve currency reserve ratios reserve requirements reserve requirements applicable savings banks secondary reserve requirement shift short-term stability tion Treasury bills United vault cash