For the Establishment of the National Monetary Commission: Report [to Accompany S. 1559]



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Senate Report No. 431, to accompany S. 1559, 81st Congress, 1st session, favorably recommends that the bill for the establishment of a National Monetary Commission should pass. The National Monetary Commission would be directed to investigate current requirements and methods covering the matters of legal reserves of banks, eligible deposits against such reserves, open market operations of the Federal Reserve banks, adequacy of eligible paper other than Government obligations, specie reserves, foreign-exchange fluctuations, and other factors. Statements from Thomas B. McCabe, Chairman of the Board of Governors of the Federal Reserve System, and John W. Snyder, Secretary of the Treasury, are included.

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28009228

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United States. Congress. Senate. Committee on Banking and Currency, ([year]), For the Establishment of the National Monetary Commission: Report [to Accompany S. 1559], [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=287

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1949