Full text of Committee on the History of the Federal Reserve System : Federal Reserve System -- Part II : Credit Policy of Reserve System - 1915, Entry 176, Box 17, Folder 1, Item 17

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PATTERSOH, E. M.
Gtiarding against credit inflation in the
United States, TR0ST COMPAHIES,
June, 1915•




SEAY, George J.
National bank reserves, BANKERS
MAGAZINE, December, 1915.
9 pp.

Favors putting into immediate operation the complete
reserve provisions of the Federal Reserve Act. To
carry out provisions during two years would be to run
risk of dangerous inflation and then final opposition
to nec*es&ry shifting of reserves. Present large cash
holdings of member banks would render immediate transfer of reserves easy.