9/4/2023 0 Comments All states ag parts 401794![]() "The action will leave the banks as a whole will continue to watch the economic situation Will be reduced approximately from 2.4 bil- the Secretary of the Treasury and the Chairlion dollars to 1.7 billion dollars at reserve man of the Board issued the following statecity banks, from 1,850 million dollars to ment in which the Board of Governors con1,500 million dollars and at country banks, curs:įrom nearly 1,000 million dollars to 800 mil"The Treasury and the Board of Governors In connection with the action taken byĪt central reserve city banks excess reserves the Board to increase reserve requirements, Result in a reduction of excess reserves fromĪbout 5.2 billion dollars to about 4 billionĭollars for member banks taken as a whole. Requirewill be: for demand deposits, 26 per cent atĬentral reserve city banks, 20 per cent at reserve city banks, and 14 per cent at country On net demand deposits:banksīanks for time deposits, 6 per cent at allĬlasses of member banks. Reserve requirements by about one-seventh. ThisĪction, unanimously agreed upon, increases Quirements for member banks to the present 1938." Treasury, has today increased reserve re- which have been in effect since April 16, Of Governors of the Federal Reserve System,Īfter consultation with the Secretary of the requirements with present requirements Program for combating inflation, the Board in effect October 31, 1941. "As a further step in the Government's shall be based upon reserve requirements Plaining this action was released for publica- "The Board determined that penalties forĭeficient reserves prior to December 1, 1941 Statement describing and ex- correspondents. The following upon a portion of their deposits with city Tory power, effective Novem- all but a few of the remainder by drawingīer 1, 1941. On September 23, 1941, the Board in- that a large majority of the member banksĬreased reserve requirements of member will be able to meet the increased requirebanks to the limit of its statu- ments out of existing excess reserves and ![]() Group subscriptions for 10 or more copies, in the United States, 15 cents per Republic of Honduras, Mexico, Newfoundland (including Labrador), Nicaragua, Panama, Paraguay, Peru,Įl Salvador, Uruguay, and Venezuela, is $2.00 per annum, or 20 cents per copy elsewhere, $2.60 perĪnnum or 25 cents per copy. Possessions, Canada, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, Guatemala, Haiti, ![]() The subscription price in the United States and its It is sent to member banks without charge. The Federal Reserve BULLETIN is issued monthly by the Board of Governors of the Federal Reserve Senior Officers of Federal Reserve Banks Managing Directors of Branches īoard of Governors and Staff Open Market Committee and Staff Federal International Financial Statistics (See p. Statistics of All Banks in the United States. 1003-1046Ĭondition of Insured Commercial Banks in United States and Possessions, lous for table)įinancial, Industrial, Commercial Statistics, U. Instalment Loans of Insured Banks, J(See p. Reserves-Supplement to Regulation D Increasing Reserve RequirementsĬonsumer Credit-Amendment to Regulation W Interpretations of Regulation Wįoreign Funds Control-General Licenses and Public Circulars Issued byįrom the Board's Correspondence-Banks' Purchases of Government Obligations Entirely Voluntary Definitions of "Net Demand Deposits" andįree Enterprise and the Challenge of Defense, by Alfred H. ![]() Review of the Month-Current Developments in Industry and Agriculture. Instalment Loans of Insured Banks, June 30, 1941 ![]() Review of the Month-Current Developments in IndustryĬonsumer Credit-Interpretations of Regulation Wįree Enterprise and the Challenge of Defense The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies. ![]()
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