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December 1972 MONTHLY REVIEW Monthly Review . . . A N N U A L I NDE X . . . FEDERAL RESERVE BANK OF SAN FRANCISCO JANUARY-DECEMBER 1972 M O N TH AND PAGE AR TIC LE BY SUBJECT M©NETARY=FSSCAl PO LICY Western Central B a n k ..................... Confessions of a New Central Banker Competitive Outlook in Banking . 24 3- 8 3-10 . February October November . March April 13-19 11-19 March April July July September October December 10-11 3- 9 3-15 16-19 10-16 9-31 7- 9 January January June 3-16 17-23 3-20 February May August November 3711 3-11 3-11 11-19 CREDIT MARKETS Nation-Spanning Credit Cards Variable Rates on Mortgages? . . INDUSTRY AND RESOURCES Lumbermen’s Phase II . . . . Brighter Farm P ic tu r e ..................... New Towns vs. Old Problems Quotas on Foreign Steel . . . . Counting the J o b le s s ..................... On the W aterfro n t.......................... Farmers and A c re a g e ..................... . . . INTERNATIO NAL The New China Trade . . . . China and the F u t u r e ..................... Devaluation of the Dollar . . . . N A T IO N A L SUSINESS AND FINANCE Spectacular Y e a r .......................... Spring U p s u rg e ............................... Widespread A d v a n c e ..................... Rapid Expansion (U.S.) . . . . . II FEDERAL RESERVE BANK OF SAN FRANCISCO REGIONAL ECO NO M ICS Uneven Year . . . . February 12-23 Western Spring . May 12-15 August 12-15 Regional Advance . . September 3- 9 Rapid Expansion (West) November 20-23 On San Diego Bay . REGIONAL FINANCE Record Income—Despite S q u e e z e ............................... March 12 3- 9 Loan U p su rg e ? ............................................................... May 16-20 Brisk Loan E xpansion............................................... ..... August 16-20 Faster Loan P a c e ..........................................................November 24-27 Banks and B ra n c h e s .................................................... December 3- 6
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