Reduction in Reserve Ratio for Federal Reserve Notes and Deposits: Hearings before the Committee on Banking and Currency, United States Senate, Seventy-Ninth Congress, First Session, on S. 510, a Bill to Amend Sections 11 (C) and 16 of the Federal Reserve Act, as Amended, and for Other Purposes



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Hearings before the Committee on Banking and Currency, United States Senate, Seventy-ninth Congress, first session, on S. 510, a bill to amend sections 11 (c) and 16 of the Federal reserve act, as amended, and for other purposes. February 20, 28, and March 7, 1945. The bill had the following intentions:
(1) Extend indefinitely the authority of the Federal Reserve banks to pledge United States Government securities against Federal Reserve notes issued by the Federal Reserve agents. Existing authority was set to expire June 30, 1945.
(2) Reduce the requirements of reserves to be held by Federal Reserve banks in gold certificates against Federal Reserve notes in circulation and gold certificates or lawful money against deposits, to a uniform minimum in gold certificates against combined note and deposit liabilities.

SUDOC:
Y 4.B 22/3:F 31/26

OCLC:
10542202

Citation
United States. Congress. Senate. Committee on Banking and Currency, ([year]), Reduction in Reserve Ratio for Federal Reserve Notes and Deposits: Hearings before the Committee on Banking and Currency, United States Senate, Seventy-Ninth Congress, First Session, on S. 510, a Bill to Amend Sections 11 (C) and 16 of the Federal Reserve Act, as Amended, and for Other Purposes, [issue title/date], accessed Jul 25, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=284

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1945