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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