Federal Reserve Membership and Monetary Control

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This report discusses the current state of monetary policy. Questions about the continued capability of the Federal Reserve System (FRS) to exercise effective monetary control were raised in connection with several developments over recent years that diminished, in relative terms, the deposit component of the stock of money over which the FRS maintained reserve requirement controls. The Monetary Control Act, Title 1 of P.L. 96-221 was designed to ensure that the FRS as ability to conduct monetary policy is not diminished. This Act, signed into law on Mar. 31, 1980, is one of the few major amendments to the original … continued below

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11 Pages.

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White, Roger January 12, 1981.

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Description

This report discusses the current state of monetary policy. Questions about the continued capability of the Federal Reserve System (FRS) to exercise effective monetary control were raised in connection with
several developments over recent years that diminished, in relative terms,
the deposit component of the stock of money over which the FRS maintained
reserve requirement controls. The Monetary Control Act, Title 1 of P.L.
96-221 was designed to ensure that the FRS as ability to conduct monetary
policy is not diminished. This Act, signed into law on Mar. 31, 1980, is one
of the few major amendments to the original Federal Reserve Act of 1913.

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11 Pages.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.

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  • January 12, 1981

Added to The UNT Digital Library

  • April 19, 2006, 8:32 a.m.

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  • Sept. 15, 2015, 11:32 a.m.

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White, Roger. Federal Reserve Membership and Monetary Control, report, January 12, 1981; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metacrs8495/: accessed April 23, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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