Federal Reserve Direct Purchases, Old Series Currency Adjustment Act
: Hearing Before the Committee on Banking and Currency, United States Senate, Eighty-Sixth Congress, Second Session, on S. 3702 and S. 3714, Bills to Extend Authority of Federal Reserve Banks to Purchase Treasury Obligations and to Authorize Adjustments in Accounts of Outstanding Old Series Currency, June 24, 1960
Considers. S. 3702, to amend the Federal Reserve Act to extend for two years the authority of Federal Reserve banks to purchase U.S. obligations directly from the Treasury. S. 3714, to authorize adjustments in accounts of outstanding old series currency.