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August 16, 1935 Fundamentals of the Administrations financial and monetarypolicy were to remove gold standard restriction on adjustment between prices of raw materials and finished goods; to meet the needs of the distressed by "loan11 expenditures; to reduce the burden of debt through refinancing; to reconstruct and strengthen the banking system through the Reconstruction Finance Corporation, Federal Deposit Insurance Corporation, and Federal Reserve System; and to encourage business recovery by maintenance of easy money conditions* 1* Gold policy* Incidentally silver. Effect on prices, etc* 2. Fiscal policy, deficit, d£bt, etc* Bank participation* 3. Debt policy - F.C*A., H*O*L.C, etc* A. Banking policy - recapitalization, support of weak banks; advances to depositors* 5« Credit policy - easy money
@FedFRASER