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MONTHLY December 1970 REVIEW Monthly Review . . . A N N U A L I ND E X .. . JANUARY-DECEMBER 1970 FEDERAL RESERVE BANK OF SAN FRANCISCO AR TIC LE BY SU BJEC T M ONETARY-FISCAL POLICY Tightest E v e r ? .......................... The 1970 Scene: A Letter . . . Central Banking: Twelfth District Less R e s tra in t? .......................... Treading the Narrow Path . . . Fostering G r o w t h ..................... M O N TH A N D PAGE . . . . . . February . April . April . May . August 31- 34 83- 85 92- 96 106-107 159-160 214-215 GOYiRMMENT FINANCE Municipal Bonds and Public N e e d s ................................July Rising Consumption — and T a x e s ............................... September 135-147 171-179 CREDIT M A RKU S Tight Money Revisited Healthier Markets . Falling Rates . February September December 39- 43 180-181 234-235 INDUSTRY AND RESOURCES BART: Dig We Must . Built to the Hilt? . . . . A New Farm Policy? . Housing: Old Problems . . Housing: New Techniques . Aerospace in the Doldrums Downhill Racers’ Dollars . Falling Timber . . . . January January March June June July October December 3- 14 15- 23 67- 73 125-129 130-131 148-150 196-197 227-232 FEDERAL RESERVE BANK OF SAN FRANCISCO CONSUMPTION AND INCOME High Tide for Foreign Cars Food Stamps and the Banks Professionals Join the Jobless September October December 182-186 191-195 236-238 INTERNATIONAL Watershed Year . . . . EEC: Effects of a Policy . Birthday in Basle . . . . February March June 35- 38 74- 75 119-124 NATIO NAL BUSINESS Contending Forces . . . Murky S cen e..................... Climbing the Plateau . Turning T id e ..................... February May August November 27- 30 103-105 155-158 211-214 NATIONAL FINANCE Tight Money Revisited . Disintermediating Year . February February 39- 43 44- 46 February February March May August November 47- 50 57- 62 76- 78 110-112 161-163 218-220 February April April May August October October November 51- 56 86- 91 97- 99 113-115 164-167 198-203 204-207 220-224 REGIONAL BUSINESS Slowdown Revisited . Checklist of ’6 9 ..................... Farm Fare in 1970 . . . , Wintry Scene.......................... Searching for Growth . . , Weakening Business . Western Digest REGIONAL FINANCE Challenging Year . . . Earnings: Records Shattered . Deposit Drain of ’69 . Troubled Quarter . Searching for Liquidity . Fed Funds — Western Style . Time-Deposit Rebound . Expanding Deposits . . . . L
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