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Monthly R eview FED ERA L RESER V E BANK O F NEW YORK Index fo r the Y e a r 1973 Guide to Page Numbers Month of issue Month of issue Pages Pages A pril ............ 77 — 100 May ............ 101 — 128 J u n e .............. 129 — 156 January ............ 1 — 24 February .......... 25 — 44 M arch .............. 4 5 — 76 Month of issue Pages July ............ 1 5 7 — 184 August ........ 185 — 212 September 213 — 244 Month of issue Page Balance of Payments See International Finance Discount Rates Federal Reserve Banks Bond Market See Money and Bond M arkets Foreign Burns, Arthur F. Letter from C hairm an Burns to Senator Proxm ire Business Situation Monthly article 266 3, 30, 66, 78, 115, 131, 158, 187, 232, 246, 273, 291 Commercial Banks The functions and investment policies of personal trust departm ents (P a rt II) M onetary and financial developments (quarterly article) Competition and the changing banking structure in New Jersey See also M oney and Bond M arkets, Reserve Requirements Competition and the Changing Banking Structure in New Jersey 12 34, 119, 192, 278 203 39, 70, 123, 135, 163, 192, 197, 237, 278 47, 215 Ehrlich, Edna E. The functions and investm ent policies of personal trust departm ents (P a rt II) 12 Employment See Business Situation Foreign Exchange Markets Treasury and Federal Reserve foreign exchange operations: sem iannual report Treasury and Federal Reserve foreign exchange operations: interim report Garvy, George Reserve requirem ents abroad 140 47,215 168, 301 256 Government Securities Markets See Securities and Securities M arkets 203 Construction See Business Situation Coombs, Charles A. Treasury and Federal Reserve foreign exchange operations: sem iannual report Treasury and Federal Reserve foreign exchange operations: interim report 170 Foreign Banks in the United States: Scope and Growth of Operations Capital Markets See Money and Bond Markets Corrigan, E. Gerald Income stabilization and short-run variability in money Page Davis, Richard G. Im plem enting open m arket policy with monetary aggregate objectives Bank Credit See Money and Bond M arkets Pages O ctober ........ 245 — 264 N ovem ber .... 265 — 288 D ecem ber ... 289 — 308 Gross National Product Hayes, Alfred Prospects and problems for m onetary policy (an address) 4 7 ,2 1 5 Holmes, Alan R. Open m arket operations in 1972 30, 115, 187, 273 26 102 168, 301 87 Income Incom e stabilization and short-run variability in money See also Business Situation 87 Page Industrial Production See Business Situation Page Money Supply Incom e stabilization and short-run variability in money Letter from C hairm an Burns to Senator Proxm ire See also M onetary Policy, Money and Bond Markets Interest Rates See D iscount Rates, Money and Bond M arkets International Finance T reasury and Federal Reserve foreign exchange operations: sem iannual report Foreign banks in the U nited States: scope and growth of operations Treasury and Federal Reserve foreign exchange operations: interim report 4 7,215 140 168,301 Inventories See Business Situation New Jersey Com petition and the changing banking structure in New Jersey 203 Open Market Operations in 1972 102 Open Market Policy with Monetary Aggregate Objectives, Implementing 170 12 Personal Trust Departments, The Functions and Investment Policies of (Part II) Klopstock, Fred H. Foreign banks in the U nited States: scope and growth of operations 140 Kunreuther, Judith Berry, and Kidder, Karen Com petition and the changing banking structure in New Jersey 203 Prime Rate See Money and Bond M arkets Meek, Paul Open m arket operations in 1972 102 Productivity See Business Situation 170 Prices See Business Situation O ther securities markets 8, 40, 72, 85, 165, 200, 239, 253, 10, 42, 73, 86, 167, 201, 241, 254, Thrift Institutions 26 34, 119, 192, 278 102 170 256 266 7, 39, 70, 82, 123, 135, 163, 197, 237, 251, 282, 296 M onetary and financial developments (quarterly article) 34, 119, 192, 278 256 303 Sales, Retail See Business Situation Securities and Securities Markets G overnm ent securities m arket Monetary and Financial Developments Q uarterly article 34, 119, 192, 278 See also Comm ercial Banks, Money and Bond M arkets Money and Bond Markets M onthly article 12 Reserve Requirements Reserve requirem ents abroad The need for uniform reserve requirem ents See also Money and Bond M arkets Member Banks See Com m ercial Banks, M oney and Bond M arkets, Reserve Requirem ents Monetary Policy Prospects and problems for m onetary policy M onetary and financial developments (quarterly article) Open m arket operations in 1972 Im plem enting open m arket policy with m onetary aggregate objectives Reserve requirem ents abroad Letter from C hairm an Burns to Senator Proxm ire See also International Finance, M oney and Bond M arkets, Money Supply 266 Orders, New See Business Situation Investment The functions and investm ent policies of personal trust departm ents (P a rt II) Monetary Aggregates Implem enting open m arket policy with m onetary aggregate objectives See also Money and Bond M arkets, Money Supply 87 Trust Departments, The Functions and Investment Policies of Personal (Part II) United States Treasury Treasury and Federal Reserve foreign exchange operations: sem iannual report Treasury and Federal Reserve foreign exchange operations: interim report See also Securities and Securities Markets Waage, Thomas O. The need for uniform reserve requirem ents Wages See Business Situation 125, 284, 127, 286, 138, 298 139, 299 38, 122, 195, 281 12 47, 215 168, 301 303