Money and Banking: An Introduction to the Financial System [by] W. H. Steiner, Eli Shapiro [and] Ezra Solomon |
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Page 50
... reserves . We turn now to our second level , the Federal Reserve System . This level plays a dual role . First , member bank reserves are a liabil- ity of the Federal Reserve banks . Thus , the Federal Reserve System is indirectly ...
... reserves . We turn now to our second level , the Federal Reserve System . This level plays a dual role . First , member bank reserves are a liabil- ity of the Federal Reserve banks . Thus , the Federal Reserve System is indirectly ...
Page 237
... banks sometimes pursued conflicting policies . The attempts in the 1920's and early 1930's to set up an informal committee consisting of representatives of the Federal Reserve banks ... Reserve bank . FEDERAL RESERVE SYSTEM : STRUCTURE 237.
... banks sometimes pursued conflicting policies . The attempts in the 1920's and early 1930's to set up an informal committee consisting of representatives of the Federal Reserve banks ... Reserve bank . FEDERAL RESERVE SYSTEM : STRUCTURE 237.
Page 279
... Federal Re- serve banks . As these funds were expended , they ended up in the hands of commercial banks who added to their reserve balances by depositing them at the Federal Reserve banks . Treasury Deposits with the Federal Reserve Banks ...
... Federal Re- serve banks . As these funds were expended , they ended up in the hands of commercial banks who added to their reserve balances by depositing them at the Federal Reserve banks . Treasury Deposits with the Federal Reserve Banks ...
Contents
Money and Economic Activity | 3 |
Monetary Systems | 25 |
The American Monetary System | 40 |
Copyright | |
27 other sections not shown
Common terms and phrases
amount assets bank's bankers banking system billion bills Board of Governors borrowing branch banking cash central bank changes Chaps checks circulation commercial banks commodity consumption Corporation debt demand deposits deposit account depositors discount dollar economic activity effect employment excess reserves exchange rates expansion expenditures exports factors Federal Reserve Act Federal Reserve banks Federal Reserve notes Federal Reserve System finance foreign exchange funds gold standard government securities important increase inflation institutions interest rates issues lending level of income liabilities liquidity loans and investments member bank reserve ment monetary policy monetary stock money market national bank national income open-market operations output payments percent period price level production propensity to consume purchases quantity theory rate of interest reduce Reserve authorities reserve balances reserve position reserve requirements rise savings short-term silver stability stock of money supply tion trade transactions Treasury currency volume York