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Author File ALEXANDER, Lewis The Federal Reserve Board Studies Legal Bank Reserves, AMERICAN BANKERS ASSOCIATION JOURNAL, XVIII, January, 1926. Reserves and Reserve Requirements ALEXANDER, Lewis The Federal Reserve Board studies ltfgj& bank reserves, JOURNAL OF THE AMERICAN BANKERS ASSOCIATION XVIII, January, 1926. ALLEN, William R. Author File Interbank Deposits and Excess Reserves, THE JOURNAL OF FINANCE, XI, No, 1, March, 1956. pp. 68-73• ANDERSON, B. M., Jr. Proposed banking legislation: The Glass Bill abd the Federal Reserve proposal to base member bank reserves upon 'velocity1 of deposits, THE CHASE ECONOMIC BULLETIN* H I , April 25* 1932. M Reserves Beebe, 1-uPlin Inequality of state bank reserve requirenents, (In: Anerican bankers association Journal p#317.) Need of uniformity of placing state banks reserves on same footing as national institutions* BELL, James ¥• Recent ohangea in the character of bank liabilities and the problem of bank reserves, AMERICAN ECONOMIC REVIEW, SUPPLEMENT, Vol. 22, March, 1932. pp. 185-207. BELL, Jaaaetr Washington "Recent changes in the character of bank liabilities and the problem of bank reserves,11 AMERICAN ECONOMIC REVIEW, SUPPLEMENT, m i , March 1932, pp,185-207. Reserves the . V ef BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM M The History of Reserve Requirements for Banks in the Btaited States,11 FEDERAL RESERVE BULLETIN, November, 1938. history of legal reserve requirements Board of Governors of the Federal Reserve System MEMBER BANK TOWERVKR. Washington: B/G, January 14, 1937* Goldenveiser, E. A*, Member Bank Reserves, pp* 1-14. Parry, Carl E.s Effect of Increase in Reserve Requirements on Stock Market Speculation, pif. 15 Longstreet, V, M#: Deposits and Loans and Investments of Banks, pp. 16-23. Piser, L. M. and Thom*Sj W.: Volume and Distribution of Excess Reserves, pp* 24~ Thomas, V.: Probable effect of an Increase in Reserve »equlre*ents on Money Pates, pp. 33-37 Currie, L: Proposal to Exempt Time Deposits from Increase in Reserve Requirements, pp. 38-42, Board of Governors of the Federal Reserve System RESERVES OF MEMBER BANKS: REGULATION DWashington: Board of Governors of the Federal Reserve System, January 1, 1936. A pamphlet Regulation D issued y Board in 1924- revised in 1930 and later amended on Jan. 1, 1936. BOPP, Karl R. Commercial Bank Reserve Requirements: A Reappraisal, THE BUSINESS REVIEW. P h i l a d e l p h i a : Federal Reserve Bank, October, Author File BOPP, £&rl R. Conawrcial Bank Reserve Requirements, A Reappraisal, THE BUSINESS REVIEW, Federal Reserve Bank of Philadelphia, Octobe^ 1948. far I R A reappraisal off fe<i 5e for d|( •y BOPP, Karl R. Statement in CBEDIT POLICIES, Hearings before the Joint Committee on the Economic Report, 80 Congress, 2 Session, pursuant to Sec. 5(A) of Public Lav 304, 79 Congress. Washington, 1943. new basis for reserve requirements, pp. 138ff. BRADFORD, F . k. Borrowed r e s e r v e s and bank e x p a n s i o n , QUARTERLY JOURNAL OF ECONOMICS, November, 1 9 2 8 . BROMBERG, Benjamin Federal Reserve Control over Member Bank Reserves. Master's Thesis - Brooklyn College, 1939In Reference Library—F.R.B.*NY BURGESS, Warren Randolph. Author File Changes in bank reserves since the Federal Reserve Act. (American Bankers Association. Journal. Nev York. 1925* A°* v. 17, p. 667m 669.) BURGESS, V. R. Author File "Changes in bank reserves since the Federal Reserve Act,* JOURNAL OF THE AMERICAN BANKERS ASSOCIATION, May, 1925. Pp. 3. Describes changes brought about by federal reserve system and c a l l s attention to the effect of the neir reserve requirements upon the growth of time deposits in national banks. Abstract by V. 0. Wqrforth, AMERICAN ECONOMIC REVIEW, XV, Sept., 1925, p. 574. BURGESS, ¥. R. Changes in bank reserves since the Federal Reserve Act, JOURNAL OF THE AMERICAN BANKERS ASSOCIATION, May, 1925. CURRIE, Lanchlin "Member Bank Reserves and Bank Debits," QUARTERLY JOURNAL OF ECONOMICS, Vol. 47, February, 1933, pp. 349- 356. CORBIE, Lanchlin w Me«ber Bank Indebtedness and Net Demand Deposits i n the Federal Reserve System," QUARTERLY JOURNAL OF ECONOMICS, Vol. 46, May, 1932, pp. 5 0 9 - 5 2 ^ . CURTISS, Frederic H. Bank reserves under the Federal Reserve System, HARVARD BUSINESS REVIEW, I, October, 1922. pp. UU-iS. CUHTISSj T. H« Bank reserves tinder the federal reserve system, HARVARD BUSINESS REVIEW, Vol. 1, October, 1922* pp. U - 4 9 . O • Chap, on functioning of reserve theories* Disapproves the legal permission to include assets other than actual currency as genuine reserves. FEDERAL RESERVE BANK OF NEW YORK BANK RESERVES — SOME MAJOR FACTORS AFFECTING THEM New York, November, 1953- 34, pp . Auerbach, Irving M.: Reserve Requirements of Commercial Banks, pp. 1-7. Smith, A# j # R#: The Functions of Reserve Requirements, pp. 8-11 Smith, A. J. R»: Sources and Uses of Member Bank Reserves, 1914 to 1952, pp. 12-19• Carr, H. C., Mctfhinney, M . , and Straus, K. N.: Gold and Foreign Account Transactions: Their Effect on Member Bank Reserves, pp. 20-26. Carr, H . n Demand for Cash <%ring d V o l c k _ p.A.t i S SftSMT/A 27-30. Carr, H. C , Mc¥hinney, M., and Volcker, P. A,: Federal Reserve Float, pp. 31-3U* FEDERAL RESERVE BANK OF NEW YORK BANK RESERVES: SOME MAJOR FACTORS AFFECTING THM. New York, November, 1953. 34 pp, articles dealing with (1) fractions of reserve requirements} (2) the sources and uses of member bank reserves (1914-52); (3) the relation between gold and bank reserves FEDERAL RESERVE BANK OF NEW YORK Functions of Reserve Requirements, MONTHLY REVIEW, June, 1952, pp, 79-81. Sources and Uses of i¥Aember-Bank Reserves, 19141951, MONTHLY REVIEW, July, 1952, pp. 97-100• FEDERAL RESERVE BANK OF NEW YORK Functions of Reserve Requirements, MONTHLY REVIEW, June, 1952, pp. 79-81. FEDERAL RESERVE BANK OF NEW YORK Sources and uses o f member-bank r e s e r v e s , 1 9 U - 1 9 5 1 , MONTHLY REVIEW, J u l y , 1952, pp. 9 7 - 1 0 0 . FEDERAL RESERVE BANK OF NEW YORK. Bank Reserves• New York: 1951. actions needed to control reserves available to commercial banks, see pp. 15-20. Federal Reserve Beard Excess reserves of Member banks # Ap#29, 1936 Tables as of Mar#li, I936 showing what e f f e c t of increases of 2$% to 3>0£ i n reserve requirements would be # Federal Reserve Board• Committee on Bank Reserve 1932 • Member bakk reserve requirements j an examination of the criticisms made by B. Anderson,with ather pamphlets which include a rejoinder by B # Anderson, Apr .12, 193k; and Member Bank Reserves^ report of the Committee, 1931 • FEDERAL RESERVE BOAKD * ^ * Report of & « * t o t ^ Bask of the Federal Peserve System. Washington: Government printing Office, I93l# Comm. members: E. L. S&ead, Ira Clerk, M. J. Fleming E. ^. Goldenweiser, L. R. Rounds, and V. ¥• i'Riefler (Executive Secretary) over contd. from all its deposit a/cs. The recommendations also provided that in no case should the aggregate reserv required of a bank exceed 15$ of its gross deposits. The Comm. also proposed to include valut cash in legal Comnu proposed eomplete abolition of classication of deposits into time vs. demand, and the classification of member banks according to their location (central reserve city banks, reserve city bankx, and country banks Instead, it recommended that all member banks and all ceposits be treated alike for reserve purposes, and that the formula used in calculating reserve requirements take into a/c directly (instead of indirectly as in existing law) the activity as well as the volume of the deposits held by each individual member bank, without regard to the location of the benk or the terms of withdrawal on which the deposits are technically held. To accomplish this, Comnu proposed that each Bf^ber bank be » g g ; " J t to hold a reserve equivalent to (a) 5% of its total net deposits, plus (b) 50% of the average daily withdrawals FEDERAL RESERVE BULLETIN History of Reserve Requirements, November, 1938, pp. 953-972. Referring to the Committee report of 1931 recommending that reserve requirements be based upon deposit turnover, this article states that since that time, because of the large growth of deposits with a decrease in their activity and of the enormous growth of reserves as the result of gold imports, the reserve problem has greatly changed. FEDERAL RESERVE BULLETIN The History of Reserve Requirements for Banks in the United States, November, 1938, pp. 953-972. FEDERAL RESERVE BULLETIN The history of reserve requirements for banks in the United States, November 1938* pp. 953-972. FEDERAL RESERVE BULLETIN State lavs relating to bank re serve a. March, 1937, pp. 188-219. comprehensive a'c of all state laws governing cash reserves FEDERAL RESERVE BULLETIN Increase in reserve requirements. August, 1936. Increase in member bank reserve requirements, February, 1937. Federal ^lonf of M Me Ih M FEDERAL RESERVE BULLETIN Supply and Use of Member Bank Reserve Funds, July, 1935. Available as a separate reprint FEDERAL RESERVE BULLETIH Supply and use of member bank reserve funds. July, 1935* FEDERAL RESERVE BULLETIN Provisions of state lave relating to bank reserves* June, 1927* FEDERAL RESERVE SYSTEM, BOARD OF GOVERNORS The Federal Reserve System, Its Purposes and Functions. Washington, B.C., 1947. pp. 10-23 especially. Chap. II: analysis of process of deposit expansion and the relation of bank reserves to the volume of deposits* FEDERAL RESERVE SYSTEM. Committee on Bank Reserves* MEMBER BANK RESERVES. Washiniton, D.C.: Government Printing Office, 1931 • FEDERAL RESERVE SYSTEM Report of the Committee on Member Bank Fovamber 1931 • FEDERAL RESERVE SISTBl. COMMITTEE ON BANK RESERVES. REPORT OF THE COMMITTEE ON BANK RESERVES OF THE FEDERAL RESERVE SYSTEM: MEMBER BANK RESERVES. Washington, D . C . : F e d e r a l R e s e r v e Board, 1 9 3 1 . Author File FISHER, Clyde Olin A Banking Fallacy, AMERICAN ECONOMIC REVIEW, Vol. XVI, December, 1926. Reserves and Reserve Requirements M« Heserves - Federal reserve banks. Fisher, Clyde Olin. A banking fallacy # (In: The American Economic Review. Dec.1926* p*663.) Therefore, regardless of the advantages of the reserve system to the countly banks (and they are doubtless large), the reduction in reserves does not in reality give the gains which apparently FISHER, Irving "Bank Reserves, w THE BANKER, May, 1937. A) e t O une GILBERT, S* Parker Member bank reserves, NEW IDEK TIMES, December 18, 1935; GOLDENVEISER, E. A. AMERICAS MONETARY POLICY. Nev York: McGrawHill, 1951. see pp. 38-67, actions necessary to control reserves available to commercial banks GOLDENWEISEE, Enianuel Alexantirovich^ Effect on the reserve ratio of changes in reserves and in liabilities. (American Statistical Association. Quarterly publication. Concord, N. H., 1921. 8°. v. 17, p. 871-877.) GOLDSGHMIDT, R. W. The changing structure of Anerican banking. 1933. HAWTREY, R. G. CURRENCY AND CREDIT 2d ed., 1923* London, Longmans* Green, statutory regulation of reserves in U.S. see p« 209• State bavtK. reserve fcq\ur*0>ent% /O2. KEINES, J. M. Member bank reserves in the United States, ECONOMIC JOURNAL, March 1932. KEYNES, J. II. "Member Bank Reserves in the United States" E.J. Vol. XLII, No. 165 March, 1932 M • AiJ . pp'H ~ LIVINGSTON, John MONEY AND BANKING Bank reserve requirements and how their effectiveness as an instrument of monetary control be enhanced. Ph. D. (unpub.) dissertation - Cornell University, 1954- M U. M - Federal Reserve Banks. Bank cash and creditt control, new American proposals. (In: Mid land Bank Monthly Review, Jan. 1932, p.5-7 # ) A summary and evaluation of the new proposals with regard to reserves. "The plan marks definite though limited, progress towards making good a grave deficiency in central banking equipment." MITCHELL, Waldo F* Bank reserves, WCYCLOPAEDIA OF SOCIAL SCIENCES, edited by E« R. A. Seligman. Vol. II. New lork: 1930, pp. 419-421. PALTI, Melchior Should Interbank balances be abolished! JOURNAL OF POLITICAL ECONOMI, Vol. XLVII, No. 5, October 1939. pp. 678-91. 14 pp. Bankers' flands ROBINSON, Roland I. The reserve position of the Federal Reserve Banks* FEDERAL RESERVE BULLETIN, March 194-5. 7 pp. ROBINSON, Roland I. "The Reserve Position of the Federal Reserve Banks," FEDERAL RESERVE BULLETIN, March, 1945. Pp. 7. RODKEI, Robert G. (Editor) BANK INVESTMENTS AND RESERVES: Proceedings of the Second Annual Michigan Bankers Association Study Conference, Ann Arbor, December 6 and 7, 1939* "Michigan Business Papers,11 No. 8* Ann Arbor: Bureau of Business Research, School of Business Administration, University of Michigan* 1940, Pp. r + 84* RODKEY, R. G. LEGAL RESERVES IB AMERICAN BANKING. Michigan Business Studies, Vol. VI, No, 5« Arm Arbor: University of Michigan, Bureau of Business Research, 1934. 121 pp. Reriew: by J. B. Voosley, AMERICAN ECONOMIC REVIEW, XXV, June, 1935, pp. 362. RODKEI, R. G. LEGAL RESERVES IN AMERICAN BANKING. Michigan Business S t u d i e s , V o l . VI, No. 5» Ann Arbor: Univ. of Michigan Bureau o f Business Research, 1934-* 121 pp. RODKEY, Robert G. LEGAL RESERVES IK AMERICAN BANKING. Michigan Business Studies, VI, No. 5« Ann Arbor: University of Michigan, 1934. History of legal reserve requirements FOEKEY, Robert G, Banking Reform by Statute, MICHIGAN LAV REVIEW, May, Reserve requirements SALANT, Walter S. The demand for money and the concept of income velocity, JOURNAL OF POLITICAL ECONOMY, XLIX, 1941, pp. 418-21. excess bank reserves in U.S. Reserves - Federal reserve system. Sargent, Henry E. Credit control and bank reserves* (in: A* B. A, Journal, Sept. 1928. p.215-) Demand deposits are being turned into time deposits. The result is lessened reserve requirements. There is a theory that total loans and investments would furnii3h a more workable basis for reserves, from the standpoint of controlling expansion, fhan deposits. Author File SCOTT, Villiam A. "Banking Reserves under the Federal Reserve Act," THE JOURNAL OF POLITICAL ECONOMY, Vol. m i , No. A, April, 1 9 H . PP- 332-344- SCOTT, William A. Banking Reserves under the Federal Reserve Act, THE JOURNAL OF POLITICAL ECONOMY, Vol. m i , No. U, April, 1 9 U . pp. 332-3U. SELTZER, Lawrence H. New and Old Ideas on Reserve Requirements; Secondary Reserve Requirements, Asset Reserve Plans, and Loan Expansion Reserve Plans. ROUND TABLE ON THE PATMA!J» TEXTBOOKS' II. JOURNAL OF FINANCE, VIII, May, 1953. 7 SELTZER, Lawrence H. The Problem of Our Excessive Banking Reserves, JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION, March, 1940, pp. 24-36• SELTZER, Lawrence H. "The probls* of our •excessive banking reserves," JOURNAL OF THE AMEHICAH STATISTICAL ASSOCIATION, Vol. 35, 1940, pp. 24-36. SIMMONS, E. C. Borrowing in the Market by the Federal Reserve Banks: an Appraisal of a Possible Control Device, AMERIC&N ECONOMIC REVIEW, XXVIII, June, 1938, pp. 235-246. variable reserve ratio as a control device SIMMONS, E. C. Treasury deposits and excess reserves, JOURNAL OF POLITICAL ECONOMI, XLVIII, 9 pp. SMITH, G. R. "Excessive balances at the Federal Reserve," BANKERS MAGAZINE, August 1935. U pp. SMITH, G. IL Excessive balances at the federal reserve BANKERS MAGAZINE, August, 1935. Pp. k. SPRAGDE, 0. M. V. Testimony Hearings before the Committee on Banking and Currency, U. s. Senate, 63 Congress, 1 Sess, en H*R. 7837 (The Federal Reserve Act). Washington: GPO, 1913. see pp, 555-556 re reserve proposals SPRAGUE, 0. M. W. Testimony, Hearings on the Federal Beserve Act, 1913# If PP» 555-56 (on reserve requirements) SI2MCZM, M* S. Brief remarks on certain aspects of reserves* Address given at dinner, Federal Reserve Bank of Dallas, Baker Hotel, Dallas, Texas, January 24, 1941. Washington: B/G of F* System, 1941 • Mimeographed. 9 PP« /bpp l\e deoelopyK?*"**? of - os Kotert C . ; 6h'i p P. WALKER, John R. THE HAZABDS AND THEIR CONTROL. BMNK CREDIT AS MONEY./New York: Harper & Bros., 1937. \ This author believes that the geographical grouping of member banks is fundamentally wrong. Reserves against deposits, in his opinion, should be based upon a qualitative distinction of the use to which the given, benk puts its credit-creating facilities. Lower reserves should be required for those banks whose assets are liquid or are of a short-term composition. , ft ^ WATKINS, Leonard L, "The variable reserve ratio,n JOURNAL OF POLITICAL ECONOMT, XLIV, June, 1936, pp. 339-73. VATKINS, Leonard "The Variable Reserve R a t i o , " JOURNAL OF POLITICAL ECONOMY, v o l . 3O.IV, June 1 9 3 6 , pp. 339-73. VATKINS, Leonard L. BANKERS' BALANCESj A STUDY OF THE EFFECTS OF THE FEDERAL RESERVE SYSTEM ON BANKING RELATIONSHIPS. 1929. See Chapter V on reserve requirements VESTERFIELD, Ray B. Author File The reserves situation in the Federal Reserve System, AMERICAN ECONOMIC REVIEW, Vol. 7 . No, 3, September, 1917, pp. 509-529- VESTERFIELD, R. B. The reserves situation in the federal reserve system, AMERICAN ECONOMIC REVIEW, Vol« VII, September, 1917^ pp. 509-529. UHITTLESEY, Charles R. Old and Nev Ideas on Reserve Requirements, JOURNAL OF FINANCE, May, 1953, pp. 190- Author File WHITTLESEI, Charles R. Reserve requirements and the integration of credit policies, QUARTERLY JOURNAL OF ECONOMICS, LVIII, Atigust, 1944* PP. 553-570. Reserves and Reserve Requirements WHTTLESEY, C. R. Reserve requirements and tbe integration of credit policies, QUARTERLY-JOURNAL OF ECONOMICS, LVIII, August, 1 9 U . pp. 553-70. Pp. 18. WILLIS, H. Parker "Raising reserve r a t i o s , " COMMERCIAL & FINANCIAL CHRONICLE, January 1 6 , 1937. VILLIS, H. Parker "Reserves tinder the Federal Reserve System," TRUST COMPANIES, Vol. XXIX, No. 6, December, 190.9. pp. 561-564. VILLIS, H. P. Reserves under the Federal Reserve System, TRUST COMPANIES, XXIX, December, 1919, pp. 6 advocating return to semi-centralized or semi-diffused system of reserve distribution WILLIS, H. Parker Reserves under the Federal Reserve System. TRUST COMPAHIES, Vol. 29, December, 1919. pp. 561-564. Pp. A. Urges repeal of wartime amendments of federal Reserve Act as means of reducing inflation. Abstract by C A. Phillips, AMERICAN ECONOMIC REVIEW, X, June, 1920, p. 447. Youngdahl, Richard Res[ Barik of N>Y. Vault C "Various Methods of rixlng Keserve Requirements.11 Feb. 17, 195^* (*n ^^eTB^ Reserve Mank of ov. **OU1B Central Banking and federal reserve Policy• Banking Seminar, 1949-5®, VI) Toungdahl, Richard, A..K* uopp, J.E.Horbett Federal Reserve bank of New York Reference „^ * proposal for uniform reserve requiremerits for all member banks. Philadelphia, A r i l 22 P » ^^ 1 6 PP m Library v.f. UMFIDENIIAL
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