Regional President Speech

Seniors Economics of June 10, 1957 Banking and 2 - k p.m. Business CURRENT PROBLEMS OF CREDIT AMD FISCAL POLICY Karl R. Bopp I. Influence of nonbank lenders on the effectiveness of general credit restraints A. Growth of nonbank lenders B. Can they "nullify" a tight money policy? II. Operation of general credit restraint under modern conditions A* Impact of general credit restraints B. Selective credit controls C. Sheltering segments of the economy from effects of general restraints IU. Reconciling the conflicting objectives of monetary policy A. Stable price level B. Full employment IV. Fiscal policy and prosperity A. The level of expenditures B. The net cash position: balance, surplus, deficit C. Structure of taxes and of expenditures V* Debt management policy: The perennial problem of long-term bonds Graduate School of Banking Rutgers University 6/10/57 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis TREASURY BILL RATE, MEMBER BANK BORROWINGS AND FREE RESERVES MILLIONS OF DOLLARS WEEKLY AVERAGES PER CENT PER ANNUM 4000 4.0 3500 3.5 3000 2500 2000 1500 1000 500 -500 -1000 -1500 JUNE SCPT 1953 1954 1955 1956 1957 Rutgers University - 6/10/57 KRB used at Graduate School of Banki] Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Karl R. Bopp (1957, June 9). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19570610_karl_r_bopp

@misc{wtfs_regional_speeche_19570610_karl_r_bopp,
  author = {Karl R. Bopp},
  title = {Regional President Speech},
  year = {1957},
  month = {Jun},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19570610_karl_r_bopp},
  note = {Retrieved via When the Fed Speaks corpus}
}