VIII. The Renascence of the Independence Issue – The 1951 Accord

Chapters in this book

1. Frontmatter 5
2. Contents 9
3. I. The Issue of Independence 19
4. II. The Necessity for Independence 40
5. III. The Weaknesses of the Structural Arrangement 66
6. IV. The Operational Problems of Independence–1914–1930 86
7. V. Federal Reserve Relations with the Government in the Thirties 125
8. VI. Federal Reserve Relations with the Government during World War II 163
9. VII. Federal Reserve Relations with the Government in the Early Postwar Period 197
10. VIII. The Renascence of the Independence Issue – The 1951 Accord 229
11. IX. The Consolidation of Independence after the Accord 273
12. X. Treasury-Federal Reserve Relations after the Accord–Theory and Practice 300
13. XI. The Congressional Case for Control of the Federal Reserve System 322
14. XII. The Congressional Means for Control of the Federal Reserve System 345
15. XIII. The Ownership of Federal Reserve Bank Stock as an Issue of Independence 369
16. XIV. The Independence of the Federal Reserve System–Retrospect and Prospect 392
17. Bibliography 400
18. Index 417