Federal Reserve Policy

additional amount bank loans bank purchase bank reserves banking system billion dollars BILLIONS OF DOLLARS bonds borrowing capital accounts cash cent central banking central reserve certificates collateral commercial banks consumer credit credit expansion developments discount rate districts earnings economic effect eligible excess reserves Federal Reserve Act Federal Reserve Banks Federal Reserve Bulletin Federal Reserve notes Federal Reserve policy Federal Reserve System financing funds holdings of Government increase individual banks inflationary influence investment large banks less limitations loan drives long-term interest rates margin requirements maturities ments national credit policy open market operations outstanding paper period portfolios postwar private demand deposits problem profits public debt rediscount reduced required reserves Reserve authorities Reserve Bank credit reserve requirements restricted rise risk assets security loans selective instruments short-term Government securities short-term securities small banks smaller stock prices stock-market credit tion total deposits total loans volume war loan drives wartime