Federal Reserve Membership and Monetary Control
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 moneta…
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Date:
January 12, 1981
Creator:
White, Roger
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department