Credit Policies of the Federal Reserve System

Credit Policies of the Federal Reserve System 
by Charles O. Hardy

Book Description: The Brookings Institution, Washington D.C., 1933. Hardcover. 1st Edition. 8vo - over 7¾ - 9¾" tall. Hardcover, blue cloth boards with gilt title to cover and spine, First Edition, 2nd Impression, February 1933 (first printing was August 1932), 374 pp.,

Book Condition: Very Good, covers rubbed, scuffed and soil, corners bumped, general shelfwear, spine straight, binding intact, end papers tanned otherwise unmarked, pages lightly tanned otherwise clean and unmarked, no dust jacket.

Contents: Director's Preface, Author's Acknowledgments, PART I. ORGANIZATION AND PRACTICE, Chapter 1. Standards of Credit Policy, Chapter II. The Technique of Credit Control, Chapter III. Banking and Business, 1922-31, I Decntralized Credit Control, 1922-23, II. Moderate Restraint, April-December 1923, III. An Easy Money Policy, 1924, IV. A Period of Neutrality, 1925-26, V. Easy Money Again, 1927, VI. The Attempt to Curtail Speculation, 1928-1929, VII. The Banks and the Depression, 1930-31, VIII. The Crisis of 1931, PART II. THE MAJOR STANDARDS, Chapter IV. Stabilization of the Money Market, I. The Tradition of Central Bank Policy, II. Temporary Disturbances, III. Cyclical Disturbances, IV. Gold Movement, Chapter V. Maintenance of Sound Credit Conditions, Chapter VI. International Co-operation, Chapter VII. The Reserve Board and the Stock Market: The Technique of Control, Chapter VIII. The Reserve Board and the Stock Market: The Objectives of Control, Chapter IX. Reserve Credit and Gold Supply, I. The Gold Movement and the Volume of Credit, II. Gold Stock and Credit Policy, III. What Policy Should Have Been Followed?, Chapter X. Stabilization of Prices, Chapter XI. Efficacy of the Reserve System's Technique, PART III. THE MINOR STANDARDS, Chapter XIII. Liquidity of Commercial Bank Assets: Eligibility for Rediscount, Chapter XIV. The Federal Reserve System and the Treasury, Chapter XV. Regional Uniformity of Rates, PART IV. THE RESULTS OF CREDIT CONTROL, Chapter XVI. The Quantity of Credit: Excess or Deficiency, I. Reserve Credit and Bank Credit, II. The Amount of Credit Which a Country Needs, Chapter XVII. The Quality of Credit: Liquidity and Safety, I. The Banker's Viewpoint: Liquidity, II. The Borrower's Viewpoint: Vested Interests, III. The Depositor's Viewpoint: Bank Failures, Appendices, References for Further Reading, Index. -- end. 374 pp. EXTREMELY SCARCE TITLE (First Edition, 2nd Impression, 1933). Excellent reference on Federal Reserve Policy circa the early 1930s.

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