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436 Memorandum showing how Federal Reserve Banks or The Federal Reserve Board may influence interest rates in The United States They can lower rates They can raise rates (a) (a) By raising their rediscount !*■. rate to member banks; (b) By raising their open market By lowering their:- rediscount rate to member banks; (b) By lowering their open market rates; (c) rates; By lowering their reserve rer.h • (c) quirements; (d) By issuing Federal Reserve Bank Note currency against United States Bonds; (d) By raising reserve requirements, which the Federal Reserve Board can do indirectly By purchasing Government Bonds with circulation privilege but withholding the issuance of Federal Reserve Bank Notes against them; (e) By actively buying bills, (e) notes, acceptances, etc. (f) By not paying interest oh By selling bills, notes, acceptances, etc. (f) By paying interest on excess excess deposits and letting deposits (i.e., above legal mi money out pretty freely. minimum) and hoarding the money.
@FedFRASER