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M o n t h l y Review
FEDERAL RESERV E BANK OF NEW YORK

In d e x f o r t h e Y e a r 1 9 7 1
Guide to Page Numbers
Month of issue
Pages
1 — 20
January ...........
February ......... 2 1 — 40
March .............. 41 — 68

Month of issue
Pages
April ........... 69 — 92
May .............. 93 — 120
June .............. 121 — 140

Month of issue
July .............. 141
August ......... 165
September .... 197

Pages
— 164
— 196
— 212

Month of issue
October ....... 213
November .... 249
December .... 277

Page
Auerbach, Irving
International banking institutions and the
understatement of the money supply

109

Balance of Payments
See International Finance
Bank Credit
34, 102, 181, 194, 255
See also Capital Markets, Recent Developments in the;
Money and Bond Markets; Mortgage Market
Bank Expansion in New York State:
The 1971 Statewide Branching Law
(Primary author: Karen Kidder)

266

Bank Holding Company Act, The 1970 Amendments
to the: Opportunities to Diversify
Banking and Monetary Developments
Quarterly article
See also Commercial Banks,
Money and Bond Markets

8, 59, 72, 123, 149, 201, 281

Consumption
See also Business Situation

239, 281

Coombs, Charles A.
Treasury and Federal Reserve foreign
exchange operations: semiannual report
Debs, Richard A.
The problem of securities thefts

10, 59, 202

36, 62, 183, 284
43
31, 73, 124, 149, 202, 240, 281

Federal Reserve Open Market Operations,
Monetary Aggregates and
266

7, 28, 58, 71, 95, 122,
147, 173, 199, 238, 25 1,27 9

Commercial Banks
The 1970 amendments to the Bank Holding
Company Act: opportunities to diversify
Banking and monetary developments
(quarterly article)
Bank expansion in New York State:
the 1971 statewide branching law
See also Money and Bond Markets, Prime Rate
Connally, John B.
Remarks of the Honorable John B. Connally
Secretary of the Treasury

43, 214

166

Discount Rates
Federal Reserve Banks
Foreign
Employment
See also Business Situation

Capital Markets, Recent Developments in the
See also Mortgage Market, Securities and
Securities Markets




Construction
See also Business Situation

23

Bond Market
See Money and Bond Markets

Business Situation
Monthly article

Page

Demand
See also Business Situation

32, 99, 178, 255

Branch Banking
Bank expansion in New York State:
the 1971 statewide branching law

Pages
— 248
— 276
— 300

157

Foreign Exchange Markets
Treasury and Federal Reserve foreign
exchange operations: semiannual report

43, 214

Gelson, Richard J.
Real estate investment trusts: an appraisal
of their impact on mortgage credit

188

Gross National Product
See also Business Situation
23
32, 99, 178, 255

80

Hamburger, Michael J.
The lag in the effect of monetary policy:
a survey of recent literature

28, 95, 173, 251

289

266

143

Hayes, Alfred
Inflation in a sluggish economy—
trouble for monetary policy (an address)
The 1970 amendments to the Bank Holding
Company Act: opportunities to diversify
(an address)

3
23

Page
Income
See also Business Situation

10, 59, 73, 124, 149, 202, 281

Industrial Production
7, 31, 58, 71, 122, 147, 199, 240, 279
See also Business Situation
Inflation in a Sluggish Economy—
Trouble for Monetary Policy
Interest Rates
See Capital Markets, Recent Developments in the;
Discount Rates; Money and Bond Markets;
Prime Rate
International Finance
Treasury and Federal Reserve foreign
exchange operations: semiannual report
International banking institutions and the
understatement of the money supply
See also United States Treasury
Inventories
See also Business Situation

43, 214
109

Money and Bond Markets
Monthly article

11,
151, 183, 204, 242, 260, 284
Banking and monetary developments
(quarterly article)
32, 99, 178, 255
See also Capital Markets, Recent Developments in the

Money Supply
International banking institutions and the
understatement of the money supply
See also Monetary Policy, Money and Bond Markets

109

Mortgage Market
Real estate investment trusts: an appraisal
of their impact on mortgage credit
See also Capital Markets, Recent Developments in the

188

Open Market Operations, Monetary Aggregates
and Federal Reserve
See also Money and Bond Markets
Orders, New
See also Business Situation

7, 58, 71, 124, 148, 199, 279

Investment
See also Business Situation, Mortgage Market,
Securities and Securities Markets

Page

72, 239, 280

Pollution and Environmental Control

Labor Costs
See also Business Situation, Employment

188
60, 97

Liquidity
See Money and Bond Markets
Meek, Paul
Monetary aggregates and Federal Reserve
open market operations

80

1, 36, 63, 75, 126, 151, 183, 208, 260, 284

Productivity
See also Business Situation

60, 97, 176, 253

Real Estate Investment Trusts: An Appraisal
of Their Impact on Mortgage Credit

188

Scherer, Joseph
Pollution and environmental control

132

12, 36, 64, 76, 105, 127,
153, 184, 204, 243, 262, 286
14, 38, 65, 78, 107, 129,
Other securities markets
154, 187, 205, 245, 264, 287
166
The problem of securities thefts
See also Capital Markets, Recent Developments in the

Thrift Institutions
See Banking and Monetary Developments
80

Monetary Policy
Inflation in a sluggish economy—
trouble for monetary policy
3
Banking and monetary developments
(quarterly article)
32, 99, 178, 255
Monetary aggregates and Federal Reserve
open market operations
80
The lag in the effect of monetary policy:
a survey of recent literature
289
See also International Finance, Money and Bond Markets,
United States Treasury




132

Securities and Securities Markets
Government securities market

Member Banks
See Commercial Banks, Money and Bond Markets,
Prime Rate
Monetary Aggregates and Federal Reserve
Open Market Operations
See also Money and Bond Markets

7, 71, 122, 147, 279

Prices
9, 30, 60, 73, 97, 125, 150, 176, 202, 253, 282
See also Business Situation
Prime Rate

Korobow, Leon
Real estate investment trusts: an appraisal
of their impact on mortgage credit

80

Thunberg, Rudolf
Monetary aggregates and Federal Reserve
open market operations.
United States Treasury
Treasury and Federal Reserve foreign
exchange operations: semiannual report
Remarks of the Honorable John B. Connally
Secretary of the Treasury
See also Securities and Securities Markets
Wages
See also Business Situation

80

43, 214
143

176, 253