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Monthly Review FEDERAL RESERVE BANK OF NEW YORK Index fo r the Y e a r 1965 Guide to Page Numbers Month of issue Pages April ............ 6 5 — 96 May .............. 97 — 116 June .............. 117 — 132 Month of issue Pages January ............ 1 — 16 February ......... 17 — 40 March .............. 41 — 64 Page Balance of Payments Our international payments deficit: a continuing challenge—an address by Alfred Hayes The President’s balance of payments program 1966 Guidelines under the President’s balance of payments program— official statements See also Foreign Exchange Markets; Hayes, Alfred; International Financial Cooperation; Liquidity; Martin, William McChesney, Jr.; Money Market; Monetary Policy 19 57, 89 271 267 Banking and Monetary Developments Quarterly article 25, 104, 158, 236 Budget See Federal Budget See also Balance of Payments 2, 23, 51, 67, 98, 118, 135, 155, 179, 209, 229, 260 Capital Spending See also Business Situation 3, 69, 120, 210, 261 Certificates of Deposit See also Deposits, Interest Rates 35 Commercial Banks Recent banking and monetary developments The New York City banks’ share in commercial banking, by Francis H. Schott and Rudolf Thunberg Guidelines for foreign lending activities of commercial banks See also Bank Credit, Member Banks, Securities and Securities Market Construction, Residential See also Business Situation Discount Rates Foreign Increases in discount rates of the Federal Reserve Banks of New York and Chicago See also Martin, William McChesney, Jr.; Money Market Employment See also Business Situation 25, 104, 158, 236 246 57, 89, 271 Coombs, Charles A. Treasury and Federal Reserve foreign exchange operations: semiannual report 136, 210 42, 199 Currency See Foreign Exchange Markets, Money Supply Davis, Richard G., and Banks, Lois Interregional interest rate differentials Demand See also Business Situation Deming, Frederick L. International liquidity (an address) 23, 99, 120, 156, 180, 230 125 254 74, 239 European Capital Markets, Recent Innovations in (Primary author: John H ein) Federal Budget A primer on Federal budgets (Author: Joseph Scherer) The initial effects of Federal budgetary changes on aggregate spending (Primary author: Camille B. Pantuliano) See also State and Local Government Activities in the Postwar Period, The Financing of 42, 199 79 141 34 Federal Reserve Accounts, Money Supply, and Bank Credit 267 Federal Reserve’s Role in the Economy, The An address by William McChesney Martin, Jr. 256 Foreign Exchange Markets Treasury and Federal Reserve foreign exchange operations: semiannual report by Charles A, Coombs See also International Financial Cooperation 42, 199 Foreign Lending and Investing See Balance of Payments, International Financial Cooperation Foreign Trade See Balance of Payments, International Financial Cooperation Gold 165 76, 241 24, 51, 98, 135, 157, 179, 209, 229, 260 Federal Funds Market See also Money Market 52, 136, 180 Consumer Spending See also Business Situation; Demand; Sales, Retail Page Deposits 26, 35, 105, 159, 237, 254 See also Bank Credit, Commercial Banks, Member Banks, Money Market Exchange Rates, Foreign Treasury and Federal Reserve foreign exchange operations: semiannual report by Charles A. Coombs See also International Financial Cooperation Bond Market See Money Market, Securities and Securities Market Business Situation Monthly article Month of issue Pages October ....... 197 — 220 November .... 2 2 1 — 252 December .... 253 — 276 Economic Policy Measures in Industrial Countries Abroad 26, 104, 158, 236 Bank Credit Federal Reserve accounts, money supply, and bank credit See also Commercial Banks, Member Banks, Money Market Month of issue Pages July ............... 133 — 152 August .......... 153 — 176 September .... 177 — 196 50 Government Securities Market See Securities and Securities Market Government Spending See Business Situation Gross National Product See also Business Situation 181 Page Hayes, Alfred Our international payments deficit: a continuing challenge (an address) Priorities in international finance (an address) See also Balance of Payments Industrial Production Domestic 19 223 24, 51, 98, 135, 157, 179, 209, 229, 260 See also Business Situation, Economic Policy Measures in Industrial Countries Abroad 25 Interest Rates Interregional interest rate differentials, by Richard G. Davis and Lois Banks Increases in maximum interest rates on time deposits under Regulation Q See also Deposits; Discount Rates; Martin, William McChesney, Jr.; Money Market 165 254 Page Money Market Monthly article 5, 28, 53, 70, 101, 121, 137, 161, 182, 213, 231, 263 Recent banking and monetary developments 25, 104, 158, 236 The changing structure of the money market: an address by Robert W. Stone 32 See also European Capital Markets, Recent Innovations in Money Supply Federal Reserve accounts, money supply, and bank credit See also Money Market See also Business Situation 42, 199 Primer on Federal Budgets, A (Author: Joseph Scherer) 74, 239 Puerto Rican Economy in Transition, The (Primary author: Martin Barrett) 108 125 223 49, 208 Interregional Interest Rate Differentials An article by Richard G. Davis and Lois Banks Schott, Francis H., and Thunberg, Rudolf The New York City banks’ share in commercial banking 165 Securities and Securities Market Government securities market Inventories See Business Situation 79 108 254 52, 260 79 246 6, 30, 55, 139, 163, 184, Other securities markets 8, 31, 55, 140, 164, 186, See also Commercial Banks; European Capital Markets, Recent Innovations in; Member Banks; Money Market Investments See Balance of Payments; Bank Credit; Business Situation; Capital Spending; Construction, Residential; International Financial Cooperation; Securities and Securities Market 26, 105, 158, 236 125 State and Local Government Activities in the Postwar Period, The Financing of (Primary author: L. Richard Gabler) See also Federal Budget 72, 215, 73, 216, 103, 233, 103, 234, 123, 263 124, 266 187 Sterling See United Kingdom Stone, Robert W. The changing structure of the money market (an address) Loans See Bank Credit, International Financial Cooperation, Securities and Securities Market 32 Time Deposits See Deposits, Interest Rates 256 Member Banks Member bank reserves 5, 28, 53, 70, 101, 107, 121, 137, 159, 161, 183, 213, 235, 237, 266, 267 Recent banking and monetary developments 25, 104, 158, 236 See also Commercial Banks, Money Market, Securities and Securities Market 211 Sales, Retail See also Business Situation Scherer, Joseph A primer on Federal budgets Monetary Policy Recent banking and monetary developments Recent monetary and financial policies abroad See also International Financial Cooperation 24, 51, 98, 135, 157, 179, 209, 229, 260 Regulation Q Increases in maximum interest rates on time deposits under Regulation Q See also Deposits; Interest Rates; Martin, William McChesney, Jr. International Payments Deficit See Balance of Payments; Hayes, Alfred Martin, William McChesney, Jr. The Federal Reserve’s role in the economy (an address) See also Balance of Payments 246 Prices See also Business Situation, Economic Policy Measures in Industrial Countries Abroad International Monetary Fund See also Monetary Policy Liquidity International liquidity: an address by Frederick L. Deming See also International Financial Cooperation 267 New York City Banks’ Share in Commercial Banking, The An article by Francis H. Schott and Rudolf Thunberg Orders, New International Financial Cooperation Recent innovations in European capital markets Treasury and Federal Reserve foreign exchange operations: semiannual report by Charles A. Coombs Recent monetary and financial policies abroad The Puerto Rican economy in transition International liquidity: an address by Frederick L. Deming Priorities in international finance: an address by Alfred Hayes See also Balance of Payments 26, 105 25, 104, 158, 236 74, 239 Unemployment See Business Situation, Employment United Kingdom See also International Financial Cooperation 43, 75, 202, 240 United States Department of Commerce See Balance of Payments, Business Situation United States Treasury Treasury and Federal Reserve foreign exchange operations: semiannual report by Charles A. Coombs See also Deming, Frederick L.; Securities and Securities Market Wages See also Business Situation 42, 199 211
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