To Extend the Authority of the Federal Reserve Banks to Purchase U.S. Obligations Directly from the Treasury: Hearing, Ninety-second Congress, First Session, on H.R. 7632 ... [and] S. 1700 ... June 15, 1971



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Hearing before the Committee on Banking and Currency of the House of Representatives, Ninety-Second Congress, First Session, on H.R. 7632 and S. 1700, regarding a proposed amendment to section 14(b) of the Federal Reserve Act, providing a two year extension of the authority of the Federal Reserve banks to purchase U.S. obligations directly from the Treasury. This direct purchase authority was initially enacted during World War II, and continued on a temporary basis since that time, allowing the Treasury to borrow directly from the Federal Reserve banks on a short-term basis as needed.

SUDOC:
Y 4.B22/1:Ob4/2/971

OCLC:
158242

Citation
United States. Congress. House. Committee on Banking and Currency, ([year]), To Extend the Authority of the Federal Reserve Banks to Purchase U.S. Obligations Directly from the Treasury: Hearing, Ninety-second Congress, First Session, on H.R. 7632 ... [and] S. 1700 ... June 15, 1971, [issue title/date], accessed Apr 17, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=196

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1971