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Open Market Investment Committee for the Federal Reserve System. "Meeting, July 27, 1927 : Preliminary Memorandum Relative to Open Market," Minutes of the Meetings of the Open Market Investment Committee (July 27, 1927). https://fraser.stlouisfed.org/title/5187/item/22600/content/pdf/rg82_omicminutes_19270727c, accessed on March 15, 2026.