
War Finance
Includes documents related to:
War Finance Corporation Act - signed into effect on April 5, 1918, which authorized the Capital Issues Committee (CIC) to review submissions for new securities issues. The committee was made up of seven members - three of which were Federal Reserve Board members and it functioned to determine if securities issues were compatible with the national interest. Over about eight months, the CIC reviewed over 2,000 applications for new securities offerings valued at over $3.7billion and was suspended with the completion of the war. The CIC was the precursor to the Securities and Exchange Commission (SEC).
Liberty Loans – Liberty Loans were issued in four stages by the United States during World War I, with a fifth being issued after the war called a Victory Liberty Loan. With administration of the loans handled by the Federal Reserve, around 20 million individuals bought Liberty Loans during the War and the money borrowed through the loans was over $18 billion.
Other war finance activities.
- War Finance - Bibliographies (45 items)
Addresses at a Luncheon Given by the Subcommittee on Capital Issues
Description:
Addresses delivered by James H. Beal, Mr. D.C. Wills, and Dr. J.T. Holdsworth at a luncheon given by the Subcommittee on Capital Issues, William Penn Hotel, Pittsburgh, Pennsylvania.
OCLC:
742050982
Citation:
United States. Capital Issues Committee, ([year]), Addresses at a Luncheon Given by the Subcommittee on Capital Issues, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=140
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Capital Issues Committee of the Federal Reserve Board
Description:
An address by Frederic H. Curtiss, Chairman of the Subcommittee on Capital Issues, before the City Treasures and Collectors Association of Massachusetts at Boston, March 23, 1918
OCLC:
81187114
Citation:
Curtiss, Frederic Haines, 1869- and Federal Reserve Bank of Boston, ([year]), Capital Issues Committee of the Federal Reserve Board, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=138
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Capital Issues Committee: Rules and Regulations
Description:
The Law and Circular No. One of the Capital Issues Committee, created by the War Finance Corporation Act.
OCLC:
18890671
Citation:
Guaranty Trust Company of New York and United States. Capital Issues Committee, ([year]), Capital Issues Committee: Rules and Regulations, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=139
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Capital Issues and Municipal Debts and Their Relation to War Financing
Description:
Read at the National Conference on War Economy, June 6, 1918, and published in Proceedings of the Academy of Political Science, Vol. VIII, Number I, July 1918.
OCLC:
480402874
Citation:
Warburg, Paul M., ([year]), Capital Issues and Municipal Debts and Their Relation to War Financing, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=137
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Circular No. 1 of the War Finance Corporation
Description:
Information for prospective applicants for advances under Section 21 of the War Finance Corporation Act
OCLC:
180779832
Citation:
United States. War Finance Corporation, ([year]), Circular No. 1 of the War Finance Corporation, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=141
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Defense Production Act; Regulation W - Automotive: Hearings before the Joint Committee on Defense Production, Congress of the United States, Eighty-first Congress, Second Session, on the Effect of Regulation W on Automotive Sales and Financing, December 6, 7, 8, and 11, 1950
Description:
Hearings before the Joint Committee on Defense Production. 81st Congress of the United States. The effect of Regulation W on automotive sales and financing.
OCLC:
21727345
Citation:
United States. Congress. Joint Committee on Defense Production, ([year]), Defense Production Act; Regulation W - Automotive: Hearings before the Joint Committee on Defense Production, Congress of the United States, Eighty-first Congress, Second Session, on the Effect of Regulation W on Automotive Sales and Financing, December 6, 7, 8, and 11, 1950, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=819
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Federal Reserve District No. 8: Liberty Loan Organization
Description:
Chart.
Citation:
([year]), Federal Reserve District No. 8: Liberty Loan Organization, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=843
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Final Report on the Reconstruction Finance Corporation
Description:
This final report on the Reconstruction Finance Corporation provides an outline of the various programs which the RFC undertook and a summary of the projects undertaken by those authorities. From the foreword, "... there has been incorporated in the report a considerable volume of statistical material on RFC lending and investment functions..."
SUDOC:
T 1.2:R 24/5
OCLC:
742457
Citation:
United States. Dept. of the Treasury, ([year]), Final Report on the Reconstruction Finance Corporation, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=134
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Inter-Ally Debts
Description:
Information about the cost of the World War (World War I) and the debts between allies.
OCLC:
1691536
Citation:
Fisk, Harvey Edward, ([year]), Inter-Ally Debts, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=238
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Payment of Adjusted-Compensation Certificates. Hearings before the Committee on Ways and Means, House of representatives, Seventy-second Congress, first session, on House bills numbered 1, 27, 94, 4493, 4535, 4539, 5461, 6180, 6584, 6693, 7726, 8016, 9593, 9694, 9929, 10096, 10367, 11117, 11300, 11674.
Description:
Hearings of April 11 to 29, and May 2 and 3, 1932 on the subject of payment of certificates issued as additional pay to veterans of World War I. These hearings were also issued also before revision in separate parts numbered 1 to 14.
SUDOC:
Y 4.W 36:C 73/18
OCLC:
6246017
Citation:
United States. Congress. House. Committee on Ways and Means, ([year]), Payment of Adjusted-Compensation Certificates. Hearings before the Committee on Ways and Means, House of representatives, Seventy-second Congress, first session, on House bills numbered 1, 27, 94, 4493, 4535, 4539, 5461, 6180, 6584, 6693, 7726, 8016, 9593, 9694, 9929, 10096, 10367, 11117, 11300, 11674., [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=390
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Plan Book: Suggestions for the Organization and Operation of Liberty Loan Committees
OCLC:
50845336
Citation:
Federal Reserve Bank of New York. Liberty Loan Committee, ([year]), Plan Book: Suggestions for the Organization and Operation of Liberty Loan Committees, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=842
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Postwar Economic Problems
Description:
Published in 1943, before the close of World War II, this compilation of articles considers economic issues and policies to effect a successful transition to a strong peacetime economy, based on studies of reconstruction periods following earlier wars.
OCLC:
730387
Citation:
Harris, Seymour E., ([year]), Postwar Economic Problems, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=853
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Reconstruction Finance Corporation Act
Date:
01/27/1932,
Citation:
Martin, William McChesney, Jr., 1932, Reconstruction Finance Corporation Act, from William McChesney Martin Jr. Document Collection, accessed May 20, 2013 from FRASER, http://fraser.stlouisfed.org/docs/historical/martin/09_01_19320127.pdf
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Reconstruction Finance Corporation Act as Amended and Provisions of the Emergency Relief and Construction Act of 1932 Pertaining to Reconstruction Finance Corporation. July 21, 1932.
Description:
The 1959 final report is also available.
SUDOC:
Y 3.R 24:2 Ac 8
OCLC:
43846999
Citation:
United States. Congress, ([year]), Reconstruction Finance Corporation Act as Amended and Provisions of the Emergency Relief and Construction Act of 1932 Pertaining to Reconstruction Finance Corporation. July 21, 1932., [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=752
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Report of the National Woman's Liberty Loan Committee for the First and Second Liberty Loan Campaigns 1917
SUDOC:
T 1.27/12:R 29/1
OCLC:
25663607
Citation:
National Woman's Liberty Loan Committee, ([year]), Report of the National Woman's Liberty Loan Committee for the First and Second Liberty Loan Campaigns 1917, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=841
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Report of the Secretary of the Treasury on the War Finance Corporation (in Liquidation)
Description:
Report regarding the War Finance Corporation in liquidation for the year ended November 30, 1929
SUDOC:
Y 3.W 19/3:1/
OCLC:
67878017
Citation:
United States. Dept. of the Treasury, ([year]), Report of the Secretary of the Treasury on the War Finance Corporation (in Liquidation), [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=142
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Role of Keynesians in wartime policy and postwar planning
Date:
1972, American Economic Association. Republished with permission
Volume:
62
ISSN:
0002-8282
Citation:
Jones, Byrd L., 1972, Role of Keynesians in wartime policy and postwar planning, from Meltzer, A History of the Federal Reserve Volume 1, 1913-1951, accessed May 20, 2013 from FRASER, http://fraser.stlouisfed.org/meltzer/record.php?id=4267
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Selling the First Installment of the Liberty Loan: In the Seventh Federal Reserve District, May 4th to June 15, 1917
OCLC:
318654864
Citation:
Clifford, Edward, ([year]), Selling the First Installment of the Liberty Loan: In the Seventh Federal Reserve District, May 4th to June 15, 1917, [issue title/date], accessed May 20, 2013 from FRASER, http:fraser.stlouisfed.org/publication/?pid=840
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Statements and Speeches of Adolph C. Miller: January 1918 - War Finance and Inflation
Publication:
Statements and Speeches of Adolph C. Miller
Description:
Reprinted from the Annals of the American Academy of Political and Social Science.
Citation:
Board of Governors of the Federal Reserve System (U.S.) and Miller, Adolph C., ([year]), Statements and Speeches of Adolph C. Miller: January 1918, accessed May 20, 2013 from FRASER, http://fraser.stlouisfed.org/docs/historical/federal reserve history/bog_members_statements/Miller_191801.pdf
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Statements and Speeches of Adolph C. Miller: June 21, 1916 - War finance and the Federal Reserve Banks
Publication:
Statements and Speeches of Adolph C. Miller
Description:
Reprinted from Papers Presented at a Joint Conference of the Western Economic Society and the City Club of Chicago, June 21 and 22, 1917.
Citation:
Board of Governors of the Federal Reserve System (U.S.) and Miller, Adolph C., ([year]), Statements and Speeches of Adolph C. Miller: June 21, 1916, accessed May 20, 2013 from FRASER, http://fraser.stlouisfed.org/docs/historical/federal reserve history/bog_members_statements/Miller_19170621.pdf
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Statements and Speeches of Chester C. Davis: May 15, 1942 - War and the nation's financial structure
Publication:
Statements and Speeches of Chester C. Davis
Description:
Address before the 55th Annual Convention of the Kansas Bankers Association, Topeka, Kansas
Citation:
Davis, Chester C. and Federal Reserve Bank of St. Louis, ([year]), Statements and Speeches of Chester C. Davis: May 15, 1942, accessed May 20, 2013 from FRASER, http://fraser.stlouisfed.org/docs/historical/frbsl_history/presidents/davis/davis_19420515.pdf
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Statements and Speeches of Chester C. Davis: May 19, 1942 - Banks and the war
Publication:
Statements and Speeches of Chester C. Davis
Description:
Address before the 52nd Annual Convention of the Tennessee Bankers Association, Knoxville, Tennessee
Citation:
Davis, Chester C. and Federal Reserve Bank of St. Louis, ([year]), Statements and Speeches of Chester C. Davis: May 19, 1942, accessed May 20, 2013 from FRASER, http://fraser.stlouisfed.org/docs/historical/frbsl_history/presidents/davis/davis_19420519.pdf
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Statements and Speeches of Chester C. Davis: October 21, 1941 - About banks and war
Publication:
Statements and Speeches of Chester C. Davis
Description:
Address given before the 49th Annual Convention, Kentucky Bankers Association, Louisville, Kentucky
Citation:
Davis, Chester C. and Federal Reserve Bank of St. Louis, ([year]), Statements and Speeches of Chester C. Davis: October 21, 1941, accessed May 20, 2013 from FRASER, http://fraser.stlouisfed.org/docs/historical/frbsl_history/presidents/davis/davis_19411021.pdf
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Statements and Speeches of Paul M. Warburg: December 6, 1918 - Some phases of financial reconstruction
Publication:
Statements and Speeches of Paul M. Warburg
Description:
Address delivered at Atlantic City, N.J., on December 6, 1918, before the War Emergency and Reconstruction Congress of War Service Committees of American Industries, under auspices of the Chamber of Commerce of the United States of America.
Citation:
Board of Governors of the Federal Reserve System (U.S.) and Warburg, Paul M., ([year]), Statements and Speeches of Paul M. Warburg: December 6, 1918, accessed May 20, 2013 from FRASER, http://fraser.stlouisfed.org/docs/historical/federal reserve history/bog_members_statements/Warburg_19181206.pdf
Authors:
War Finance Corporation
Date:
01/11/1956,
Citation:
Committee on the History of the Federal Reserve System, 1956, War Finance Corporation, from Brookings Institution: Papers from the Committee on the History of the Federal Reserve, accessed May 20, 2013 from FRASER, http://fraser.stlouisfed.org/docs/historical/brookings/16807_04_0024.pdf
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