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Monthly Review
FEDERAL RESERVE BANK OF NEW YORK

In d ex fo r th e Y e a r 1970
Guide to Page Numbers
Pages
Month of issue
January ........... 1 — 16
17 — 48
February
March ........... 49 — 76

Month of issue
Pages
April
77 — 92
May ............ 93 — 116
June
117 — 148

Month of issue
Pages
July .............. 149 — 176
A u g u st......... 177 — 192
September .... 193 — 220

Month of issue
Pages
October
2 2 1 — 240
November .... 241 — 268
December .... 269 — 292

Page
Commercial Paper Market, Recent Developments in the

Balance of Payments
See International Finance
Bank Credit
See also Money Market
Banking and Monetary Developments
Quarterly article
See also Commercial Banks,
Member Banks

29, 106, 185, 248

Construction
See also Business Situation

29, 103, 182, 248

Coombs, Charles A.
Treasury and Federal Reserve foreign
exchange operations: semiannual report

Banking Market Determination—The Case
of Central Nassau County

258

Banking Structure and Monetary Policy,
Recent Developments in

119

40

Bond Market
See Money Market, Securities and
Securities Markets
Breimyer, Frederick S.
Recent developments in the commercial paper market
Budzeika, George
Banking market determination—the case
of Central Nassau County

Clarke, John J.
The payments system: problems, fantasies,
and realities
Commercial Banks
Banking and monetary developments
(quarterly article)
The payments system: problems, fantasies,
and realities
Recent developments in banking structure
and monetary policy
Banking market determination—the case
of Central Nassau County
See also Money Market

50, 195

Corrigan, E. Gerald
The measurement and importance of
fiscal policy changes

133

Credit Agencies, Government-Sponsored

87

Davis, Richard G.
Interpreting the monetary indicators
(an address)
Discount Rates
Federal Reserve Banks
Foreign

29, 103, 182, 248

159

274
50, 195

Employment
4, 27, 69, 80, 126, 151, 211, 226, 273
See also Business Situation
258

2, 25, 66, 78, 94, 124,
150, 178, 209, 223, 243, 270

Capital Spending
See also Business Situation




280

280

2, 68, 79, 125, 151, 210, 223, 272

Credit Markets
See also Money Market

Barrett, Martin
Activation of the special drawing rights
facility in the IMF

Business Situation
Monthly article

Page

3, 68, 79, 125, 272

109

29, 103, 182, 248
109
119
258

Euro-Dollar Market
Money creation in the Euro-dollar marketa note on Professor Friedman’s views
See also International Finance

64, 207
12

Fiscal Policy
Inflation: a test of stabilization policy
The measurement and importance of
fiscal policy changes

133

Foreign Demand for United States Equities—
The Role of Offshore Mutual Funds

163

Foreign Exchange Markets
Treasury and Federal Reserve foreign
exchange operations: semiannual report
Gelder, Ralph H.
Banking market determination—the case
of Central Nassau County

19

50, 195

258

Page
Government-Sponsored Credit Agencies

87

Money Market
Monthly article

Hayes, Alfred
Inflation: a test of stabilization policy
(an address)
Recent developments in banking structure
and monetary policy (an address)

119

Holmes, Alan R.
A day at the trading desk (an address)

234

19

4, 27, 69, 126, 151, 211, 226, 273

Industrial Production
See Business Situation
Inflation: A Test of Stabilization Policy

International Finance
Money creation in the Euro-dollar market—
a note on Professor Friedman’s views
Activation of the special drawing rights
facility in the IM F
Treasury and Federal Reserve foreign
exchange operations: semiannual report
Foreign demand for United States equities—
the role of offshore mutual funds
International Monetary Fund, Activation of the
Special Drawing Rights Facility in the

12

40
50, 195

258

Offshore Mutual Funds, Foreign Demand for
United States Equities—The Role of

163

3, 26, 67, 150, 209, 223, 270

40

Prices
28, 69, 80, 96, 127, 153, 211, 225, 273
See also Business Situation
Prime Rate

81, 227, 274

Productivity
See also Business Situation

128

12

180, 211, 246

Schadrack, Frederick C.
Recent developments in the commercial paper market
Securities and Securities Markets
Government securities market

Margin Requirements

Other securities markets
See also Money Market

280

8, 36, 72, 82, 99,
155, 190, 216, 229, 255,
10, 38, 73, 84, 102,
158, 190, 217, 230, 256,

Special Drawing Rights Facility in the IMF,
Activation of the

131,
278
132,
279

40

133
Thrift Institutions

Member Banks
Member bank reserves

6, 29, 35, 70, 81, 98, 107,
128, 154, 187, 213, 227, 253
34, 213
Member bank reserve requirements
See also Commercial Banks, Prime Rate




109

163

163

Monetary Policy
Banking and monetary developments
(quarterly article)
Recent developments in banking structure
and monetary policy
Interpreting the monetary indicators
See also Commercial Banks, Fiscal Policy

248
234

Nassau County, Central
Banking market determination—the case
of Central Nassau County

Payments System, The: Problems, Fantasies,
and Realities

Klopstock, Fred H.
Money creation in the Euro-dollar market—
a note on Professor Friedman’s views
Foreign demand for United States equities—
the role of offshore mutual funds

Monetary Indicators, Interpreting the

128,
274

Money Supply
See Money Market

Orders, New
See also Business Situation

3, 67 , 78 , 124, 151, 209, 223, 270

Measurement and Importance of Fiscal
Policy Changes, The

6, 34, 70, 81, 98,
154, 187, 213, 227, 252,
Banking and monetary developments
(quarterly article)
29, 103, 182,
A day at the Trading Desk
See also Commercial Banks

19

Interest Rates
See Discount Rates, Money Market, Prime Rate

Inventories
See also Business Situation

12

25, 94, 178, 243

Gross National Product
See also Business Situation

Income
See also Business Situation

Page
Money Creation in the Euro-Dollar Market—
A Note on Professor Friedman’s Views

32, 108, 185, 252

Trading Desk, A Day at the

234

United States Equities, Foreign Demand forThe Role of Offshore Mutual Funds

163

159

29, 103, 182, 248
119
159

United States Treasury
Treasury and Federal Reserve foreign
exchange operations: semiannual report
See also Securities and Securities Markets
Wages
See also Business Situation

50, 195

28, 96, 246