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Three Lectures
Section: Senior Banking Problems
Section Leader: W. H. Baughn




ÇM

M

June
»

.m

6,

7 4

8, 1955

ÆL

fey Karl R. Bonp

The School of Banking of the South
Louisiana State University, Baton Bouge, Louisiana
I*

Dgrrtoaaapt at TtàmrtX ncetiv« Pollar

A, Our co^on objective#
1.

Growth

2.

Stability

3.

Freedton of choice

B* The heritage of war financing
C.

Th. "Aooorri* of March 31, 1951 /•

D.

Keowt F*dn*l R e s t m poliqr
X. ¿X

A. Importance o f aechanica
B.

Our fraction al Reserve Systea

C. Heoecaary relationships
D« »on-managed factors
£• Haaaged factors
F* The reserve p o rtio n
1.

Total reeerres

2« Saeess reserre»
3« Free reeerres
G* P ractical prohlama

v w ^i •*

ffiy * «
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JL

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Alternativ# object!T M and r«l«tod program

Cooditiocm iwa^yjyu
or p e cn itttsi m
oortnf of erodlt

Objociiro

1, 8tobXo prioo
U fâ

Dui 1n1nir Drlcaa

2* F a ll «pX *7m «t

lt°£s to ttJC a il

3.

Sl<h o d /« r d a ta g

Ooarertittlity

Inhoreat Bio«

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Jobe In moos s of

Expon«irò

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ad /tr datlifliM

paríaos? M m t W

w «——» rOMTTOO

fìitriAM in BOMiivr
«D in a of a tta a t

4*

ProdttctiTo
erodlt

Tonr-e In noaot^ra

5*

A flM d rate of
intoroot

yiMB wrr4aif » a

N ......

Conditioes ZtBtiJÛÂâ
or penlttlBf a
tightening of erodit

VOllM Of Ottt3^ft

Coatrmotiro
Choln»roootion
Chotn-roorOtioa

.. .......




B.

IT.

SlialaaUac, rooonciling «ad oosibdning
ooaflietiBf objoativo®

(telata to Onrrit Dm w B.h i ll»i
A.

Ottlrt— m 4 ofcjootivoe

B. The faotor of tlM
1« Lag la ooquirinf kM vltdgt
2* U | in S fo tto o f «etica
G*

AlW natirt foUboo

B. Km

m w

of

romita

of

ftiwltt




3
v. Tnrïrainrtr

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A* (fanerai
1« Difeaunt rata «ad »daini str a ti cm
^ ^

2«

Opaa aarkat oparaüoaa

3«

Chengaa in raaasrra raquiroaaata

*

BXàâ

*

.
'

4« In terrelation * of general laatruMcite
B. S elactlv * InatruaaBta

n .

O an al—tto a « f th» 8 n f
A* RalaÜon to tba Qorernattt
B.

C entralisation Ta, decentraliaatloo

0« On differencaa of opinion mithin tha Syatoi
D. On errore in ju â g m i

TO.

TriMWT OTüTlti™
A*

Fiaoal poliay
1.

Factor# affecting fiaoal oparatloaa

2« Sffaota of fiaoal oparatlona
3«

Rala of fiaoal polioy

B» Dabi ftanagoaeati AlternatlT# prinoiplee
1« Lovtri interest oost

2« Tailoring Interest to iaraator daeiasd
3« Coapensatoiy policy
4* Balanoed debt atxuetura

.

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Egal?.
A.

B.

Jfrmg&flnr IfrUg
What ehould b# It« ultimate ©bJe«tiT##T

To itati «xt«nt tòould it r«ly on g«a«r«l
loit r a w t iT

C.

itov »hould th# monetar/ «nthorlty b*
«gnlMdt