Full text of Committee on the History of the Federal Reserve System : Monetary Policy and Public Debt Management : Objectives of Public Debt Management, Entry 176, Box 21, Folder 3, Item 1

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OBJECTIVES OF PUBLIC DEBT MANAGEMENT
1.
2.
3.

As m eans of controlling interest rates
As means of reducing cyclical fluctuations
in amplitude
As means of preserving credit of government

Basic problems in debt management
debt reduction
term structure of the debt
ownership distribution of the debt
-interest rate structure of the debt
mpnetary_and credit control in relation to debt
management
administrative problems arising from division
oJL^responsibility among various govt, author!*
ties




Public debt flotation and management with
emphasis on i t s technical aspects; the distribution of
holdings of public securities; the relation of debt to
the banking system