Compendium on Monetary Policy Guidelines and Federal Reserve Structure, Pursuant to H.R. 11



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This staff report for the Subcommittee on Domestic Finance of the Committee on Banking and Currency included replies received from the Federal Reserve, the Treasury, the Council of Economic Advisers and 71 academic, bank and research monetary economists, along with a summary of the responses and an analysis of the reply of the Federal Reserve, in response to a questionnaire sent out on July 9, 1968. Respondents were asked to express their opinions on questions pertaining to H.R. 11, a bill "To make the Federal Reserve System responsive to the best interests of the people of the United States and to improve the coordination of monetary, fiscal, and economic policy." Specifically, the bill provided for
(a) Retiring Federal Reserve bank stock
(b) Coordinating Federal Reserve bank policies and programs with those of the President of the United States in keeping with the provisions of the Employment Act of 1946;
(c) Reducing the number and term of office of members of the Federal Reserve Board;
(d) Making the term of Chairman of the Board coterminous with that of the President of the United States;
(e) An audit for each fiscal year of the Federal Reserve Board and the Federal Reserve banks and their branches by the Comptroller General of the United States;
(f) Funds to operate the Federal Reserve System to be appropriated by the Congress of the United States.

SUDOC:
Y 4.B 22/1:M 74/19

OCLC:
8580

Citation
United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic Finance, ([year]), Compendium on Monetary Policy Guidelines and Federal Reserve Structure, Pursuant to H.R. 11, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=393

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Availability:
1968