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BURGESS, W. R. Some Federal Reserve problems, PROCEEDINGS of the Annual Convention, Nev Jersey Bankers Association, n.p., 1928, pp. 58-67. U.S. Congress, Committee on Banking and Currency, House of Representatives STABILIZATION (dealing with House Bill 11806) Hearings (March, April, May, 1928) Pp. A5& See for testimony of: Owen D. Young Gustav Cassell E Roy A. Young « H « Cunningham E. A. Goldenweiser C. S. Hamlin John R. Commons Edmund Piatt fi. C. Miller O.M.W. Sprague Henry A. Wallace U.S. Congress. House of Representative. Currency Committee. Banking & STABILIZATION. Hearings before Committee on Banking and Currency on H. R. 11,806. 70 Congress, 1 Session. Washington: Government Printing Office, 1928. U.S. House Committee on Banking and Currency State Taxation of National Banks. Hay 10-11, 1928. FIGHT TO COHTROL SPECULATION: Jan. 1923 to Oct. 1929 Restrictive policy of 1928-29 was initiated nearly a year before Strong1 s death* Strong's didsatisfaction (and that of his successors in NY bank, involved solely a disagreement as to the technique of operation• NY favored continued high rediscount rates and openmarket sales, while Washington favored "direct pressure" designed to keep money cheap for other purposes, whild cutting it off from the stock exchange. From review of Hawtrey»s book THE ART OF CENTRAL BANKING and of Machlupfs book, THE STOCK MARKET, CREDIT AND CAPITAL FORMATION by C. 0, Hardy Jke UdbuvS <WcAup /Ussier rb^ GLASS, Carter "The Federal Reserve System Grossly Misused," AMERICAN REVIEW OF REVIEWS, 1928. GLASS, Carter The federal reserve system grossly misused, REVIEW OF REVIEWS, 1928. HARDING, V. P. G. Banking in the United States tinder the Federal Reserve System, CANADIAN BANKERS ASSOCIATION. JOURNAL. Toronto, Vol. 36, 1928, pp. 39-53. Concluding part of statement made before Banking and Commerce Committee of the House of Commons on March 28, 1928. HARDY, Charles 0. The Federal Reserve System and Price Stabilization, EDITORIAL RESEARCH REPORTS, (Washington), April 14, 1928, pp. 323-338. HATES, Ifjlliam A new job for the federal reserve system? BANKERS MAGAZINE, Vol. 116, May, 1928. pp. 629-632. Strong bill McFADDEN, L. T* Federal reserve policy and credit control, BANKERS MAGAZINE, November, 1928* MILLER, Adolph C. ••Influencd of Federal Reserre policies on cwdit and money rates •" TRUST COMPAHIES, July 1928, It is expected that the primary reliance in the credit control technique of the Fed. Res. in the future will be the discount rate rather than the open market operations. MILLER, A. C. The federal reserve system* JUBILEE Number, June 30, 1928. STATIST. MILLS, Ogden Livingston An Explanation of Federal Reserve Policy, AMERICAN R VE OF REVIEWS (Mew York), 1928. EIW Vol. 126, pp. ,4026-4027. M. Mitchell, Charles E. Federal reserve policy is fully justified* (In: A.B*AtJournal* August, 1928* p*183.) In my opinion the Federal Reserve authoritiea are fully justified in the policy they are pursuing in imposing restraint upon further expansion of bank credit* Loans - Brokers Fed. res# sys* & speculation Fed* res. sys. & credit YOUNG, 0. D. "Recent Federal Reserre policy," AMERICAN ECONOMIC REyiEW, September 1928, A pp. The recent policy of Reserve System in connection with the call money market is surveyed.
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