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INDEX TO RECOMMENDATIONS OF THE FEDERAL ADVISORY COUNCIL TO THE FEDERAL RESERVE BOARD, YEAR 1921 Page Bankers' Acceptances Cancellation of rediscount rate Feb. 22, 1921. Topic 9 - - - ............................................. 5 Cumbersome methods of regulating May 17, 1921. Topic 11 - - - - - - .............................. 10 Indorsement of without incurring liability under Section 5202 May 17, 1921. Topic 12 - - - - - .............................. 10 Purchase of by Federal Reserve Banks up to six months’ maturity Feb. 22, 1921. Topic 4 .................... - ............................. - 2 Branches of Federal Reserve Banks, additional disapproved Sept. 20, 1921. Topic 5 - - - - - ................................... 16 Class legislation affecting Federal Reserve Board Sept. 20, 1921. Resolution No. 1 - - - - - - - - - - - 1 7 Comptroller of Currency, abolishment of office of Feb. 22, 1921. Topic 7 - - - - - - - - - - - - 4 Currency, kinds to be paid out by Federal Reserve Banks ' May 17, 1921. Topic 6 - - - - .................... - - - - 9 Discount market in U. S. A. May 17, 1921. Topic 12 - - - - ........................................ 10 Dollar Exchange, acceptance by member banks of drafts drawn to furnish Feb. 22, 1921. Topic 5 .........................................- - - - 3 Drafts drawn to furnish dollar exchange, acceptance of by member banks Feb. 22, 1921. Topic 5 - - - - - - - - - - - - 3 Earnings o f Federal Reserve Banks Feb. 22, 1921. T opic 1 - - Eligibility o f paper fo r rediscounting May 17, 1921. T opic 9 - - Expenses o f Federal Reserve Banks, criticism o f - - - - - 1 - - - - - 9 Sept. 20, 1921. Topic 5 - - - - - - - Federal Reserve Banks Investments o f N ov. 21, 1921. Topic 1 ........................ Purchase o f Bankers’ Acceptances o f six months’ maturity Feb. 22, 1921. Topic 4 - - - - - - Federal Reserve Board Class legislation affecting Sept. 20, 1921. Resolution No. 1 - - - - Number o f appointive members increased from five to six Feb. 22, 1921. T opic 7 - - - - - - Representative to visit foreign countries Feb. 22, 1921. T opic 6 - - - - - - Federal Reserve Notes Interest charge on outstanding Feb. 22, 1921. T opic 1 - - - - - - Federal Reserve Bank Notes Retirement o f May 17, 1921. T opic 7 - - - - - - - - 16 19 2 17 4 4 1 9 Page Gold certificates, issue o f by Federal Reserve Banks to prevent undue increase in reserves May 17, 1921. Topic 5 - - - - - - - - - - - - 8 Guarantee o f Letters o f Credit by member b?nks May 17, 1921. Topic 1 3 ............................ - - - - - - - 1 1 House Bill 242 May 17, 1921. June 21, 1921. Topic 14 Topic 1 - - - - - - - - - - - - - 11 13 Inter-Federal Reserve Bank Rediscounts Limit on Feb. 22, 1921 Topic 2 - - - - - - - - - - - - - - - - - - - - - - - - Reserve Notes 1 - - - - - - - - - - - - - 1 1 - 1 - 1 R^tcs Sept. 20, 1921. Topic 4 - 16 Interest Charge on outstanding Federal Feb. 22, 1921. Topic On member bank balances Feb. 22, 1921. Topic Investments of Federal Reserve Banks Nov. 21, 1921. Topic - - - - - - - - - - - - 1 - - - - - - - - - - - - - 19 - - - - 9 - - - - 11 - - - Legal Tenders, as reserves of Federal Reserv e Banks May 17, 1921. Topic 8 - - - - - - - - Letters o f Credit, guarantee of by member banks May 17, 1921. Topic 13 - - - - - - - - Limitation on Inter-Federal Reserve Bank rediscounts Feb. 22, 1921. Topic 2 - - - - - - - - Limitation of loans to any one borrower by State members of system May 17, 1921. Topic 14 - - - - - June 21, 1921. Topic 1 - - - - - - - - Liquidation, policy of applying pressure for purpose of May 17, 1921. ' Topic 10 - - - - ^ - - 1 - - - 11 - - 13 10 Member Banks acceptance of drafts drawn to furnish dollar exchange Feb. 22, 1921. Topic 5 - - - - - - - - - - - - 3 Money, kinds to be paid out by Federal Reserve Banks May 17, 1921. Topic 6 - - - - - - - - - - - - 9 Money Market, determination of Sept. 20. 1921. Topic 2 - - - - - - - - 1 5 Pittman Act— purchase of silver and retirement o f Federal Reserve Bank Notes May 17, 1921. Topic 7 - - - - - - - - - - - - 9 Political influence in Federal Reserve System Sept. 20, 1921. Resolution No. 2 - - - - - - - - - - 17 Profits o f Federal Reserve Banks, unimportant factor Nov. 21, 1921. Topic 1 - - - - - - - - - - - - 19 Railroads, legislation authorizing Treasury to pav Feb. 22, 1921. Topic 10 - Rate Policy o f Federal Reserve System May 17, 1921. Topic 1 - Sept. 20, 1921. Topics 1, 2, 3 Rates Changes of in Federal Reserve Districts May 17, 1921. Topic 2 Inter Federal Reserve Banks rediscount Sept. 20, 1921. Topic 4 - - sums due - - - - - - - - - ............................ - - - - - - - - - - - 5 . 7 15 and 16 .............................................................7 - - - - - - - - - - - 16 Rates Page Preferential on notes secured by Liberty Bonds and Victory Notes Feb. 22, 1921. Topic 3 (a ) - - - - - - - - - - - 2 May 17, 1921. Topic 3 - - - - - - - - - - - - 8 Progressive, discontinuance o f May 17, 1921. Topic 4 - - - - - - - - 8 Rediscount, cancellation of, for bankers' acceptances Feb. 22, 1921. Topic 9 - - - - - - - ........................5 Reduction o f discount Feb. 22, 1921. Topic 8 - - - - - - - - - - - 5 Rediscounts Inter-Federal Reserve Bank, limit on Feb. 22, 1921. Topic 2 - - - - - - - - - - - 1 Preferential rates on paper secured by Liberty Bonds and Victory Notes Feb. 22, 1921. Topic 3 (b ) - - - - - - - - - - - 2 Rediscounting paper, eligibility May 17, 1921. Topic 9 - - - - - - - - - - - 9 Representative o f Federal Reserve Board to visit foreign countries Feb. 22, 1921. Topic 6 - - - - - - - ........................4 Reserve o f Federal Reserve Banks below 40% to be taxed May 17, 1921. Topic 15 - - - - - - - 11 Reserves Basis o f reserves o f Federal Reserve Banks May 17, 1921. Topic 8 - - - - - - - - - - - - 9 Issue o f gold certificates by Federal Reserve Banks to prevent undue increase in May 17, 1921. Topic 5 - - - - - - ..............................8 O f Federal Reserve Banks for investment Nov. 21, 1921. Topic 1 - - - - - - - - - - - - 19 Senate Bills 579, 831 M ay 17, 1921. Topic 14 - - - - June 21, 1921. Topic 1 - - - - Silver Certificates as reserve o f Federal Reserve Banks May 17, 1921. Topic 8 - - - - - - - - - - - - - - - - - - - T ax on reserve o f Federal Reserve Banks when below 40% May 17, 1921. Topic 15 - - - - - - - - - - - - Under Secretary o f Treasury— creation o f office o f Feb. 22, 1921. Topic 7 - - - - - - - - - - - - - 11 13 - - 9 11 - 4
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