Full text of Statements and Speeches of Karl R. Bopp : Remarks Made at a Meeting of Members of 11 Alumni Group of the Federal Reserve Bank of Philadelphia : Notes

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KRB - Remarks*

(Meeting of Members of "Alumni" Group of the
Federal Reserve Bank of Philadelphia on
Thursday, October 17, 19^3» at the Federal
Reserve Bank of Philadelphia.)

FERMENT IN FINANCE*
Banks

(Not from crisis!)

vs. intermediaries •

Commercial banks:

Large
Branch
National
C of C

Cary Study of Markets

+

v. small
v. unit
v* state
v. State Supervisary.

Board of Governors.

S.E.C*

Outsiders.

D.P.E* background paper.
Issues raised by —
C.M.C.
Saxon Com.

Heller Committee,
Patman.

BASIC PROBLEMS THAT CONFRONT SYSTEM*




I*

Multiple objectives.

II. Instruments.
General.
Selective.
Adaptation.

Swaps for exchange dealings.

Ill* Organization.
A*

Relationship to Government.

B*

Internal
Bd* of Gov*
F.R. Banks.

National
Monetary policy

Image + reality of System*