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F ederal

reserve

Ba n k

DALLAS, TEXAS

of

Dallas

75222

Circular No. 7 U-U9
February 21, 197^-

To the Chief Executive Officer of the Member Bank Addressed
in the Eleventh Federal Reserve District:

The Federal Reserve System’s role in today’s complex economy
demands that it not only formulate and execute monetary and regulatory
policies, but also accept the responsibility of providing the informa­
tion programs necessary to insure total understanding of these policies
and their impact. This responsibility has prompted the Federal Reserve
Bank of Dallas to consider developing a Graduate School of Central
Banking.
As presently conceived, the school would provide a curriculum
ranging from the impact of regulatory and monetary policy decisions to
current banking and economic topics of broad interest. The level of
the curriculum will probably best serve the needs of senior officers
and directors of commercial banks. The school is tentatively scheduled
to last one week. A minimal fee would be assessed to cover this Bank’s
direct operational costs incurred in conducting the school, and each
participant would be expected to pay all personal travel and living
costs.
Please review the enclosed list of proposed topics of instruc­
tion and give us your suggestions or comments on the return postal card,
which is also enclosed. We also solicit your help in determining the
interest in such a school and the most convenient time of the year to
conduct it. All comments and suggestions will be appreciated.
Thank you.
Yours very truly,
P. E. Coldwell
President
Enclosures

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

Tentative Topics of Instruction

Theory and History of Central Banking - Including Foreign Countries
Evolution of Central Banking in the United States
Monetary Control Devices - Open Market Operations, Reserve Requirements,
and Discount Rate Changes
Business Cycles in Recent Years and System Response Thereto
Liquidity Innovations in Banking - Eurodollars, Large CD's, Ineligible
Acceptances, Documented Discount Notes, etc.
Open Market Policy Formulation Procedures
Case Studies on the Impact of Open Market Operations on the Economy in
Past Years
Impact of Fiscal Policies
Philosophy and Techniques of Treasury Financing
Holding Companies and the Changing Banking Structures
Panel Discussion and Debate:

Should Regulation Q, be Abolished or Continued

Capital Adequacy and the Measurement of Bank Liquidity
Statistical Approaches to Measuring Changes in Economic Activity
Liquidity and the Discount Window with Case Studies of Borrowing Situations
Panel on Operational Matters Involving Accounting, Cash, Checks, and Fiscal
Agency Departments
What the Future Holds for Commercial Banking