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A Historical Assessment of the Rationales and Functions of Reserve Requirements

Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
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Goodfriend, Marvin and Hargraves, Monica, 1959-. "A Historical Assessment of the Rationales and Functions of Reserve Requirements," in Federal Reserve Bank of Richmond. "1982 Annual Report," Annual Report of the Federal Reserve Bank of Richmond (as of December 31, 1982) : 7-25. https://fraser.stlouisfed.org/title/471/item/18201/toc/503193 , accessed on June 27, 2022.

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