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AGGER, E. E.

Author File

Prosperity through a reduction of the rediscount rate, JOURNAL OF THE AMERICAN BANKERS ASSOCIATION,
June, 1924.




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AGGER, E» £•
Prosperity through a reduction of the
rediscount rate, JOUKiAL OF THE AMERICAN BiS&SSS
ASSOCIATION,
June, 1924.

Analyzes the manner in which a reduction in rediscount
rates may stixsnlate prosperity. Concludes that no
very decided results have followed reductions by the
N # X. and Cleveland Federal Reserve Banks in May*
Abstract by V. 0. W^yforth, AMERICAN ECONOMIC
REVIEW, XIV, £one$cl9
December 1924., p. 585.




Anonymous
"Discount policy of the Federal Reserve banks,"
BANKERS MAGAZIi.li: 7ol. 102, M v , 193?..
??- 70"5-715.




Unsigned
BANKERS MAGAZINE (New York)
DISCOUNT policy of the Federal Reserve System.
(Bankers magazine. Nev York, 1921. 8°. v. 102,
p. 705-713.)




Discount policy of the federal reserve bank of
New Tork, BANKERS1 MAGAZINE, vol, 100, Jan. 1920,
p. 89.




BECKHART, B. H.
THE DISCOUNT POLICI OF THE FEDERAL
RESERVE SYSTEM. New lorkt H. Holt & Co.
(c. 1924).
bibliography:




pp. 539*77

BOAID OF GOVERNORS
TJ»S« Federal Rewrre Board
Discount rates of tha Federal Reserre Banks,
19H-1921. Vaahix^ton, Goveraaant Printing Officef
1922, 33 pp.
LIBBAEI OF COMSBESS HG 2562.D5A3




1921

BURGESS, V. R.
Factors affecting changes in short-term
interest rates, JOURNAL OF THE AMERICAN STATISTICAL
ASSOCIATION, Vol.
June, 1927.




BURGESS, V. R*
"Steadier interest rates under the federal reserve
system," JOURNAL OF THE AMERICAN BANKERS ASSOCIATION,
XS1.
July, 1925.
Pp. A.

Since the establishment of the system the following
changes in interest rates have occurred:
the spread between long and short maturies
has decreased;
the spread between Sast and Vest has decreased;
seasonal fluctuations are l e s s ;
panic rates have disappeared.
Abstract by ¥ . 0. Veyforth, AMERICAN ECONOMIC REVIEW,
XV, D e c , 1925, p. 800.




BURGESS, Warren Randolph.

Author File

Steadier interest rates under the Federal
Reserve System* (American Bankers Association.
Journal. New York, 1925* 4°. v. 18, p. 12-15,
20.)
July




BURGESS, ¥. R.
"Effect of the Federal Reserve System on Interest
Rates," MANAGEMENT AND ADMINISTRATION, Dec. 1923*

F.R* System is likely to have little effect on the general level of interest rates but may be expected to
reduce greatly the fluctuations in interest rates.




ESTEY, J. A.
Federal Reserve Banks and the Rate of Discount,
THE BANKERS MAGAZINE, CVIII, No. 3, March, 1924,
pp. 532-538.




EST/JH, J* A.
Federal reserve banks and the rate of discount,
BANKERS MAGAZINE, Vol. 103,
April, 1924- PP- 532-533.

It is the direct pressure of individual banks upon
their borrowers and not the rate of interest, which
largely serves to check the exuberance of business
expansion. Changes in discount rates are important,
however, as a signal that pressure is desirable*
Abstract by W.O. Weyforth, AMERICAN ECONOMIC REVIEW,
XIV, Dec. 1924, p. 586.




FARWELL, John V.
"Federal Reserve Rate Cannot be Detenained
by a Formula," TRUST COMPANIES, Vol. XXXIII, No. 3 , Sep
tember, 1921.




FAJWELL, John V.
"Federal Reserve Bate Cannot be Determined
by a Formula," TRUST COMPANIES, Vol. XXHII, No. 3 ,
September, 1921.




FEDERAL RESERVE BOARD
Discount rates of the Federal Reserve Banks,
1914-1921. Washington, D.O.i G.P.O., 1922.




55 PP-

FEDERAL RESERVE BULLEtESf
Discount operations at the Federal
Reserve Banks*
March, 1917.




FEDERAL RESERVE BULLETIN
Discount and open market operations of
the federal reserve banks during December and the
calendar year 1919.
February, 1920.

Discount policy of the reserve banks.
June, 1920.




FORGAN> James B.
"Lowering of Rediscoiant Rates May
Precipitate Renewed Inflation, 1 1 TRUST COMPANIES,
Vol. XXXIII, No. 3 , September, 1921.




FORGAN, James B*
"Lowering of Rediscoimt Rates May Precipitate
Renewed Inflation," TRUST COMPANIES, Vol. XXXIII, No.
3 , September, 1921.




FORGAN, James B.
"Lowering of Rediscount Rates May
Precipitate Renewed Inflation," TRUST COMPANIES,
Vol. XXXIII, No. 3, September, 1921.




GEPHART, y.

F.

"Inflation in Relation to the Bank Reserve and
the Business Cycle.* A pamphlet published by the
First National Bank of St* Lotiis, 1923.




GEPHAKT, W: F.
"Business revival and the rediscount rate,"
ECONOMIC WORLD,
June U, 1 9 2 1 .




GEPHART, William Franklin.
The interest rate and the future discount policy
of the Federal Reserve System. (Washington
University studies. St* Louis, 1921. 4°. v*
8, p. 123-1340




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PP» 54-62

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GUNN, S. 0.
How we got our discount terms observed.
SYSTEM, vol. 41, Jan. 1922, pp. 44-46.




HARDING, V. P. G.
Federal Reserve Rediscount R a t e s , JOURNAL OF THE
AMERICAN BANKERS' ASSOCIATION,
October, 1927.




A). B . 4 .

JOURAJ/IC




Oct.

/9«^? , p . 2 , / ^

HARDING, V. P. G.
Principles Governing the Discount Rate, THE ANNALS
OF THE AMERICAN ACADEMX OF POLITICAL & SOCIAL SCIENCE,
Vol. XCIX, January, 1922.




HARDIN3, W. P. G.
"Principles Governing the Discount Rate," THE
ANNALS, Januaiy 1922, pp. 183-89.




Author File
HARDING, W. P. G.
Principles governing discount rate policy
of Federal Reserve Banks, TRUST COMPANIES, Vol.
33,
November, 1921. pp. 509-13
A summaiy of prevailing views as to what should
detennine F.R. Board policy in establishing discount
rates. Recommendations on the matter made by Federal
Advisory Council.




HARDING, V- P- G.
Principles Governing the Discount Rate,
THE ANKALS of the American Academy of
Political end Social Science,
January, 1922, pp. 183-189.




HARDING, ¥• P. G.
"Principles governing discount rate policy of
federal reserve banks," TRUST COMPANIES,
November, 1921* Pp. 5*

A summary of the prevailing views as to vhat should
determine the Federal Reserve Board policy in establishing discount rates*
Recommendations on this subject by
Federal Advisory Council.
Abstract by N.R. ¥hitney, AMERICAN ECONOMIC
REVIEW, June 1922, p. 364.




HARD M i , William P. B.
"Whys and wherefores of interest rates,M
SYSTEM, vol. 59, Jan. 1921, pp. 4-8.




HARDY, C. 0 .
The discount r a t e controversy, EDITORIAL
RESEARCH REPORTS,
October, 1927.




HARDY, C. 0.
The discount rate controversy, EDITORIAL
RESEARCH REPORTS,
October, 1927.




Ufypd^r,

me, \~«<Ura.(




U.

ne&«r»o<2. ^4%lem

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9'1*$-l¥f
Vncaiuni

j\cUaj>

HEPBURN, A. Barton and ANDERSON, Benjamin M.
"The Gold and Rediscount Policy of the Federal
Reserve Banks," THE CHASE ECONOMIC BULLETIN, Vol. I,
No. 5, July 20, 1921.




HULBERT, E. D.
"Rate Should Be Above Market Rates,"
TRUST COMPANIES, Vol. XXHII, No. 3, September, 1921.




HtJLBERT, E. D.
Bate should be above Market Rates,
TRUST COMPANIES, Vol. XHXIII, Ho- 3 , September,
1921.




JOHNSTON, Percy
Unusual Conditions Justify Reduction of Federal
Reserve Rate," TRUST COMPANIES, Vol. XXXIII, No. 3,
September, 1921.




JOHNSTON, Percy
"Unusual Conditions Justify Reduction of
Federal Reserve Rate," TRUST COMPANIES,
Vol. XXXIII, No. 3, September, 1921.




KEMMERER, Edwin Walter
"Rediscounting and the Federal Reserve
Discount Rate," JOURNAL OF THE AMERICAN BANKERS
ASSOCIATION, Vol. XII, No. 10, April, 1920. pp. . 582-584




KEMMERER, E. V.
"Rediscounting and the Federal Reserve Discount
Rate," JOURNAL OF THE AMERICAN BANKERS ASSOCIATION
Vol. XII, No. 10, April, 1920.




KEMMERER, Bdvin Walter

Author Fil«

Rediscounting and the Federal Reserve
Discount Rate, JOURNAL OF THE AMERICAN BANKERS
ASSOCIATION, Vol. H I , No. 10, April, 1920* PP» 582-8U




KENNEDY, C. N.
Rediscount rates must come dovn. (Wallace's
farmer. Des Moines, 1921. f°. v. 46, p. 1187.)




LEFFINGWELL, R. C,
Discussion of Prof. Sprague1 s paper
entitled rThe Discount Policy of the Federal
Reserve Banks, THE AMERICAN ECONOMIC REVIEW,
Vol. XI, No. 1, March, 1921.




LEFFINGVELL, R. C.
Discussion of Prof. Sprague's paper
entitled 'The Discount Policy of the Federal Reserve
Banks," THE AMERICAN ECONOMIC REVIEW, Vol. XI, No. 1,
March 1921.




LEFFINGWELL, R. C
The discount policy of the Federal Reserve
Banks, AMERICAN ECONOMIC REVIEW,
1921.

Discussion of Professor Sprague' s paper




Sanction^

Ocowo/viic
_
Beosr^ket-




\or

Discount

loltc

JooawnVol. 3*^
—'
^

M*4/

pp.

653-443.

MAGEE, James D.
Call Rates and the Federal Reserve Board,
THE AMERICAN ECONOMIC REVIEW, Vol. I, No. 1,
March, 1920, pp. 59-65.




MILLER, A. C.
"Federal Reserve Discount Policy and the
Diversion of Credit into Speculative Channels,"
TRUST COMPANIES, 1925.




MILLER, Adolph C.

Triplicate

"Federal Reserve discount policy and the
diversion of credit into speculative channels,"
TRUST COMPANIES,
1925.




MILLER, A. G.
Federal reserve discount policies and
prices, THDST COMPANIES,
June, 1921.




MILLER, A. C.
"Federal reserve discount p o l i c i e s and
prices," TH0ST COMPANIES,
June, 1921.
Pp. 3 .

The elements of a sound rediscount policy.




MOMFORD, George S.
Factors that Should Govern Federal Rediscount
Rate, TRUST COMPANIES, Vol. XXXIII, No. 3, September,
1921.
(33)




MUMFORD, (feorge S.
"Factors That Should Govern Federal
Rediscount Rate," TRUST COMPANIES, Vol. XXXIII, No.
3, September, 1921.




fyuftPHX

Vctf.

PJ.J .

M3

Jaw,




J<**s~

pp.3a<a « ^ e / .

NAKDIMEN, I . H.
President of Fort Sraith (Ark*) bank protests
against increase in Federal Reserve discount
rates* (Commercial and financial chronicle*
New York, 1920* f°* v. 110* p. 8 U . )




NORTON, J.E.
"Bank Rate and the Money-Market in the United States"
E.J. Vol XXXI, No. 12U December, 1921

An analysis of the machinery furnished by the Federal
Reserve System for regulating- the credit supply and
the discount rate.
Abstr a ct by N.R. Whitney, AMERICAN ECONOMIC REVIEW,
XII, June, 1922, p. 365.




NORTON, J. E.
Bank rate and the money-market in the United
States. (Economic Journal. London*-1921. 8°.
v. 31, p. 4B2-A95.)




^..

• 71 •

POWELL, C. L.
"Eligibility for Discount," The ANNALS of the
American Academy of Political and Social Science,
Vol. 99,
January, 1922. p p . 105-113.




REYNOLDS, George M.
"Rediscount Rates, Bank Rates and Business
Activity," THE ANNALS OF THE AMERICAN ACADEMY OF
POLITICAL AND SOCIAL SCIENCE, Vol. XCIX, January, 1922.




*1?«JisCAo»jt

Hale*,

Vol. 99, pp. 190-195.




&K?&

n a C s <j"7<i

RICH, John H.

Author File

Relation of Rediscount and Interest Rates,
TRUST COMPANIES, Vol, XXXIII, No. 5,
November, 1921.




RICH, John H.
Relation of Rediscount and Interest
Rates," TRUST COMPANIES, Vol. XXXIII, No. 5,
November, 1921.




RIDDLE, J. H.
INTEREST RSTES AND FEDERAL RESERVE POLICI.
New Yorkt Bankers Trust Company, 194.6.




FIDDLE, J- H.
Interest Pates and Federal Reserve Policy.
New York: Bankers Trust Company, November, 1946.




SIMMONS, Edward C.
Federal Reserve Discount-Rate Policy and
Member-Bank Borrowing, 1944-9), (University of
Chicago) JOURNAL OF BUSINESS, Vol. XXV,
1952.




SlMMOMS, Edward C.
Federal Reserve Mscoumt-Kate Folicy and
Member-Bank Borrowing, 1944-50, THE JOURNAL OF
BUSINESS, XXV, Jan. 1952, pp. 18-29.




SISSON, Francis H.
"Reserve Rate Is an Effect and Not a
Cause," TRUST COMPANIES, Vol. XXXIII, No. 3,
September, 1921.




SOSLAND, Samuel.
The progressive discount rate system. Its
application in the tenth Federal Reserve
district. (Bankers magazine. Nev York,
1921. 8°. v. 102, p. -408-412.)




SPRAGUI, 0- M- V.

Author File

"The Discount Policy of the Federal
Reserve Banks," THE AMERICAS ECONOMIC REVIEW, Xi,
Ho« 1, March, 1921, pp* 16-29.
Discussion: tyE, C, Leffingwell, ibid.» pp. 30-36,
Rejoinder by Dr. Miller, ibid., June, 1921, on
Federal Reserve Policy,11 pp. 177-206.




SPRAGUE, Oliver Mitchell Wentworth (1875-

)

"The discount policy of the Federal Reserve
banks" /paper read at 55^ annual meeting of the
American Economic Assn., Dec. 29, \9%SJ.
AMERICAN
ECONOMIC REVIBX, XI, March 1921, pp. T6-29.
Discussion by R. 0. Leffingwell, pp. JO-56;
v/ith Rejoinder by Dr. Miller, ibid., June 1921,
on "Federal Reserve Policy," pp. 177-206.




S©Si.AjuD

S

.

Vol. «o2 i Hlarc^




m * , pp . ^ f f - V i ^ .

SPRAGUE, Oliver Mitchell Ventworttu
Applying sound banking and credit principles:
discount policy in peace time. (Trust companies.
New York, 1920. 8°. v. 30, p. 171-172.)




SPRAGUE, Oliver Mitchell Wentworth.
Applying sound banking and credit principles: discounti
(Economic world. New York, 1920. 4°. new
series, v. 19, p. 400-401.)




jlicy in peace time.

SIKES, E.
Mr. R. G. Haytrey on t h e e f f i c a c y of t h e
r a t e of discount, JOURNAL OF THE INSTITUTE OF
BANKERS,
A p r i l , 1922.
Pp. *
-/•

Discussion of a paper on *The Federal Reserve System of;
the UWLted States,w ready by R. G% Havtrey before the
Royal Statistical Society* It is contended that Eavtrey
ascribes too great importance to the efficacy of the
discount rate in the U.S., and that a great fall in
prices was bound to occur after the var-time speculation regardless of the rate of discount.
Abstract by N.R. Vhitney, AMERICAN ECONOMIC REVIEW,
H I , Sept. 1922, p. 555.




TRUST; COMPANIES
SYMPOSIUM on Should Federal Reserve Bank
rediscount rates be maintained above current
market rates?
(Trust companies. New York, 1921. 8°. v. 33,
p. 209-215.)




TURNER, Robert C.
MEMBER-BANK BORROWING. Columbus: Ohio State
University, 1938. Pp. xiv + 243.
Reviewed by E. C. Simmons, JPE, XLVIII, April 1940.




discount rate policy

Discount rates of the Federal Reserve Banks,
1914-1921. Washington:
1922.




WALLACE, Robert F.
The use of the progressive discount rate by the
Federal Reserve System, JOURNAL OF POLITICAL ECONOMY,
LXIV, no. 1, February, 1956, pp. 59-68.




VAREURG, Paul M.
Theory and Practice* Price Fluctuations and
the Discount Policies of Central Note Issuing Banks,
PROCEEDINGS of the Academy of Political Science, XI,
No. 2, January, 1925, pp. 81-89*




WAH^U*^,
Price
p^lici*£«s

Paul M .
Vluctuah'oQS
ot

central

ike
Science

V^l. M




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WE3TERJTELD, Ray B.
"Marginal Collateral to Discounts at the
Federal Reserve Banks," AMERICAN ECONOMIC REVIEW,
XXII, March 1932, pp. 34-55.
discount policy and operation




WESTF.RFIELD, Ray B.
"Marginal collateral to discounts at the
Federal Reserve Banks," AMERICAN ECONOMIC REVIEW,
XXII, March 1932, pp. 34-55.




WHITNEY, Caroline
Discount Policy, chap* XXX, in THE BANKING
SITUATION • AMERICAN POST-WAR PROBUMS AND DEVELOPMENTS
ed, by H. ?. Willis and J. M. Chapman. New York:
Coltsabia University Press, 1934, pp. 690-724*




WILLIS, H. P.
American discount rate policy, 1927-28,
THE BANKER, Vol. 7,
1928, pp. 113-122.
(London)




WILLIS, H. Parker

Author F i l e

The discount r a t e controversy in the United
S t a t e s , THE BANKER (London),
Vol. IV, No. 22,
November, 1927, pp. 408-416.
Instruments of F.R. Policy:
Discount Rate




WILLIS, H. Parker
"The Discount Rate Controversy in the United
States" (London) THE BANKER, November 1927, pp. 408-16.




VILLI S, H. Parker
••The Chicago discount rate—the Reserve System at
the cross-roads,1' THE ANNALIST, September 16, 1927*

The F.IL System has lost prestige since the reorganization under the Harding administration. It has been
influenced too much by foreign interest. A general
revision of its policies seems necessary.
Abstract by ¥• 0* Veyforth, AMERICAN ECONOMIC
REVIEW, XVII, Dec*, 1927, p. 760.




WILLIS, H. Parker
"How Rediscount Rates Are M8de,« JOURNAL OF THE
AMERICAN BANKERS ASSN., June 1923.
"Monsy Rates at Home and Abroad," JOURNAL OF THE
AMERICAN BANKERS ASSN., July 1923*

FRS has many theories of rates, largely in conflict -with
one another. They have represented only tendencies or id
ideas, considerations of expediency coming in to detennine
whether one factor or another shall be given an important
influence,
(2) Endeavors to account for differences in money rates
in the US and in England. Difficulties in transfer of
capital are pointed out* Depression in business in Eng.
at present time helps explain lower rates there.



WILLIS, H. P.
How rediscount rates are made, JOURNAL OP T M
AMERICAN BACKERS ASSOCIATION,
June, 1925.

Pederal reserve system has many theories of rates,
largely in conflict with one another. They have
represented only tendencies or ideas, considerations
of expedienoy coming in to determine whether one
factor or another shall be given an important
influense.
Abstract by 7.0. 'fey forth,
AM33I0AN E00U0MI0 REVIEW, XIII, D e c ,
1925, p. 770.




WITHERS, Hartley
The powers of c e n t r a l banks, COMMERCIAL
AND FINANCIAL CHRONICLE,
March 1 3 , 1926, pp. 1378-79-




rediscount rate as tool of
central bank action

YODNGMAN, Anna
Efficacy of changes in the discount rates of the
federal reserve banks, AMERICAN ECONOMIC REVIEW,
XI, September, 1921, pp# 466-435.




Pp. 21.