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ANDERSON, B. M., Jr.
More effective control of excessive gold and
credit resources. Influence of Federal Reserve rediscount and fopen market1 operations, TRUST COMPANIES,
October, 192$. p




ANDERSON, B. M., J r .
Guarding against speculative absorption of surplus
bank funds and credit resources. Consequences of continued cheap money p o l i c i e s , TRUST COMPANIES,
September, 1925. P* 275.




Open market operations

BELL, Elliott V.
Who shall rule the money market?
HISTORY,
July, 1935, P P . 353-359.

CURRENT

use of open-market operations in
late 1920's and early 1930*8




BENSEL, William JE. ( a s s t . t r e a s . , Guaranty Trust Co.)
Federal Reserve Open Market Operations in the
Post-Var Period, 1946-54ABA Graduate Sschool of Banking,
Rutgers University, 1955•




BROWN, James Douglas
The Open Market Operations of the
Reserve Banks.

Federal

An unpublished essay written in 1922 on file
with the Department of Economics, Princeton
University, Princeton, New Jersey




CARSON, Deane
Recent Open Market Committee Policy and
Technique, QUARTERLY JOURNAL OF ECONOMICS, LXIX,
August, 1955- PP- 32122 pp.

Economists are in general agreement that open market
operations constitute the most precise and flexible instrument of monetary management in the hands of the central
beiik. Study by an ad hoc subcommittee appointed in 1951,
by the POMC and its principal recommendations. Examination sJid evaluation of the underlying rationale of the decisions to confine operations to the short-term market.
txPTdnation of the effects of the decisions on:(l)
the ability of the Fed* Res. to contribute to economic
kt#>bilityf and (2) the structural characteristics of the
. The nev techniques imply increased passivity in
?$ isanagementj they do not automatically improve the
market's behavior * % o r improve the effectiveness of open
parket operations • v,



FEDERAL FESEFVE BULLETIN
January, 1937*
on mechanics of open-market o p e r a t i o n s .




GREEK, Guy
This business of monetary control, HARPER'S MAGAZINE,
July, 1935, pp. 169^-180.




HUBBARD, Joseph B.
Recent Developments in Federal Reserve Policy,"
HARVARD BUSINESS REVIEW, Vol.
Oct., 1926, pp.
47Summary of 'the course of reserve operations in
their relations to credit and business conditions1
during preceding U years and 'certain general conclusions concerning the influence exerted by these
operations,1




JAY, Pierre
Federal Reserve Operations. Speech before the
Industrial Olub of Chicago, May 6, 1926-

Open market operations
Pamphlet




JOHNSTON, R. M.
Open-Market Operations of the Federal Reserve Banks,
SOUTH ATLANTIC QUARTERLY, vol. 16, July, 1917, pp.
260-267




KENZEL, E, R«
Open market purchases. (American Institute of
Banking. Bulletin, Nev York, 1920. 8°. v* 2,
p. 334-338-)




LANGUM, John K.
"Federal Reaerve open-market policy, 1934-1939,"
UNIVERSITY OF MINNESOTA FINANCIAL AND INVESTMENT REVIEW,
Vol. 8, December, 1939, pp. 1-9.




LANGUM, John K.
The statement of supply and use of member
bank reserve funds, THE REVIEW OF ECONOMIC STATISTICS,
Vol. XXI, August, 1939, pp. 1 1 0 - 1 1 5 .







Oo.fo c4.ccs

ReKurvr'

LANGUM, John K.
Earning Assets, Deposits and Reserves of
Member Banks, 1929-1938, FINANCIAL AND INVESTMENT
BEVIEW, School of Business Administration, University
of Minnesota, Vol. VII, No, 7, March, 1939, PP* 2-3-




LEWIS, Reuben A.
The open market operations of the Federal
Reserve System. JLJleview of the testimony of Governor
Strong before CongresgJ AMERICAN BANKERS ASSOCIATION
JOURNAL,
May, 1926. p. 7A2.




PEACH, ¥. N.
Treasury Investment Funds and OpenMarket Operations, JOURNAL OF FINANCE, VI,
1951.




PETERSON, J. Marvin
The Customers1 Loan Market and the OpenMarket Supply of Loanable Funds, JOURNAL OF
OF POLITICAL ECONOMY,
January, 1933 •
Pp. 26.




RICHMOND, FEDERAL RESERVE BANK.
L e t t e r s to College Classes i n Economics and
Banking,f Discussing the P r a c t i c a l Operation of the
Federal Reserve System77
L e t t e r No, 1 3 : Open-Market Operations
by Federal Reserve Banks.
Richmond: A p r i l , 1923*




PICHTER-ALTSCHAFFER, H.
Open-market p o l i c y ( i n German), WAHR, UND
VilRTSCHAFT,
September, 1933*
Pp. U.




RIEFLEE, Winfield V.
MONEY HATES AND MONEY MARKETS IH THE UNITED
STATES.
open market operations and member bank credit




ROBINSON, Roland I .
The reserve p o s i t i o n o f the Federal Reserve
Banks, FEDERAL RESERVE BULLETIN,
March, 1945.
Pp. 7 .




SCOTT, V. A.
"Banking Reserves under the Federal Reserve Act,w
JOURNAL OF POLITICAL ECONOMY,
19U.







T, A/a.

SIMMONS, E. C.
"The monetary mechanism since the war,"
JOURNAL OF POLITICAL ECONOMY,LVIII, No. 2,
April 1950, pp.
behavior of member bank reserves




SIMMONS, Edward C*
"Borrowing in the market by the Federal
Reserve Banks: an appraisal of a possible control
device,» AMERICAN ECOMQMIC REVIEW, XXVIII, June 1938,
pp. 235-246-




SIMMONS, Edvard C.
Borrowing in the Market by Federal Reserve Banks,
AMERICAN ECONOMIC REVIEW, XXVIII, June, 1938, pp. 235-246.




STRONG, Benjamin
Testimony^ on open market operations
before the House Committee on Banking and
Currency, April, 1926.
Quoted in W.R. Burgess (ed.) INTERPRETATIONS
OF FEDERAL RESERVE- PQLIGI IN THE SPEECHE AND
WRITINGS OF BENJAMIN STRONG.
New York, 1930.
p. 242 ff•
Memorandum on open market operations of 1924. Hearings
on H.R., 7895.




STRONG, Benjamin
Open Market Operations. Statement, Hearing before
the House Committee on Banking and Currency, April,
1926* Reprinted in INTERPRETATIONS OF FEDERAL RESERVE
POLICY IN THE SPEECHES AND WRITINGS OF BENJAMIN STRONG,
ed. by W. R. Burgess, New York and London: Harper &
Bros., 1930, pp. 235-62.




SIMMONS, Edward C.
Treasury deposits with Federal
Reserve Banks as a factor influencing excess reserves,
JOURNAL OF POLITICAL ECONOMY,
June, 1940.
Pp. 20.




SIMMONS, Edward C.
"Treasury deposits and excess reserves,11
JOUBMAL OF POLITICAL ECQNQM3, XLVIII, June 1940,
pp. 325-43.




U.S. JOINT COMMITTEE ON THE ECONOMIC HEFORF.
United States Monetary Policy: Recent Thinking
and Experience.
HEARINGS, Subcommittee on Economic
Stabilization, $3d Congress, 2nd Session*
Washington, D. C , GPO,
Limitations on use of open market operations
stressed by T.n. ^^ 11-12
see pp. 228, 251, 260-331



VILLARD, Henry H.
"The Federal Reserve System's Monetary Policy
in 1931 and 1932," JOURNAL OF POLITICAL ECONOMY, Vol,
45, December 1937, pp. 721-739•

open market operations




VINER, Jacob
"Borrowing in the Market ty the Federal Reserve
Banks: An Appraisal of a Possible Control Device,*
AMERICAN ECONOMIC REVIEW, v. 28,
1938, pp.
235-46.




VINER, Jacob
Borrowing in the Market by the Federal Peserve
Banks: An Appraisal of a Possible Control Device,
AMERICAN ECONOMIC REVIEW, XXVIII,
1938, pp. 235-246.




WARBURG, Paul Moritz.
The Federal Reserve Bank and the open market
for acceptances. (Harvard business review.
Chicago, 1923. U°. v. 1, p. 257-268.)




WAYNE, Richard E»
Open Market Operations, Their Present
and Future Importance •
Graduate School of Banking,
Thesis
open market operations from 1913 to 19A5,
with emphasis of war years 1939-45




WESTERFIELD, R. B.
"The ''Reserves situation in the Federal Reserve
System," AMERICAN ECONOMIC REVIEW, Vol. 7, Sept.
1917, pp. 509-529.




WHITTLESEY, C R.
A new instrtment of central bank
policy, QUARTERLY JOURNAL OF ECONOMICS,
November, 1939.
Pp. 3.







JoMitnai

«*«•

«f

Author File
ZUHLINDEN, F# J#
federal reserve system and the
open markets BULLETIN OP THE AMERICAN ACCEPTANCE
COUNCIL, Vol. 7, no. 2,
February, 1925 • pp. 13-15*

Explains the operation of the open market for
bankers1 acceptances. Abstract by W. 0. Weyforth,
AMERICAN ECONOMIC REVIEW, XV, June, 1925, p. 395.