Chapters in this book

1. Frontmatter 1
2. PREFACE 7
3. LIST OF CHARTS 11
4. TABLE OF CONTENTS 13
5. CHAPTER I. THE FUNCTION OF THE FEDERAL RESERVE SYSTEM 17
6. CHAPTER II. THE MECHANISM OF CREDIT CONTROL 26
7. CHAPTER III. HISTORY OF FEDERAL RESERVE POLICIES 45
8. CHAPTER IV. FEDERAL RESERVE POLICY AND THE COMMERCIAL CREDIT SYSTEM 70
9. CHAPTER V. THE BANKERS’ ACCEPTANCE MARKET 91
10. CHAPTER VI. BROKERS’ LOANS AND FEDERAL RESERVE POLICY 122
11. CHAPTER VII. FEDERAL RESERVE POLICY AND RATES OF INTEREST 146
12. CHAPTER VIII. INTEREST RATE CHANGES AND THE FLOW OF CREDIT 166
13. CHAPTER IX. FEDERAL RESERVE POLICY AND THE PROBLEM OF LIQUIDITY 183
14. CHAPTER X. CONCLUSIONS 211
15. APPENDIX I. INDICES OF SEASONAL VARIATION OF MONEY MARKET 219
16. APPENDIX II. THE RESERVE POSITION OF REPORTING MEMBER BANKS 223
17. BIBLIOGRAPHY 224
18. INDEX 227