agger, e. e. author file prosperity through a reduction of the

AGGER, E. E. Author File

Prosperity through a reduction of the rediscount rate, JOURNAL OF THE AMERICAN BANKERS ASSOCIATION,

June, 1924.

d l 3 < — r r f rt* pdi{ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

AGGER, E» £•

Prosperity through a reduction of the rediscount rate, JOUKiAL OF THE AMERICAN BiS&SSS ASSOCIATION,

June, 1924.

Analyzes the manner in which a reduction in rediscount rates may stixsnlate prosperity. Concludes that no very decided results have followed reductions by the N#X. and Cleveland Federal Reserve Banks in May*

Abstract by V. 0. W^yforth, AMERICAN ECONOMIC REVIEW, XIV, £one$cl9 December 1924., p. 585.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Anonymous

"Discount policy of the Federal Reserve banks," BANKERS MAGAZIi.li: 7ol. 102, M v , 193?..

??- 70"5-715.


Unsigned BANKERS MAGAZINE (New York) DISCOUNT policy of the Federal Reserve System.

(Bankers magazine. Nev York, 1921. 8°. v. 102, p. 705-713.)


Discount policy of the federal reserve bank of New Tork, BANKERS1 MAGAZINE, vol, 100, Jan. 1920, p. 89.


BECKHART, B. H.

THE DISCOUNT POLICI OF THE FEDERAL RESERVE SYSTEM. New lorkt H. Holt & Co. (c. 1924).

bibliography: pp. 539*77


BOAID OF GOVERNORS TJ»S« Federal Rewrre Board

Discount rates of tha Federal Reserre Banks, 19H-1921. Vaahix^ton, Goveraaant Printing Officef

1922, 33 pp.

LIBBAEI OF COMSBESS HG 2562.D5A3 1921


BURGESS, V. R.

Factors affecting changes in short-term interest rates, JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION, Vol. June, 1927.


BURGESS, V. R*

"Steadier interest rates under the federal reserve system," JOURNAL OF THE AMERICAN BANKERS ASSOCIATION, XS1.

July, 1925. Pp. A.

Since the establishment of the system the following changes in interest rates have occurred:

the spread between long and short maturies has decreased;

the spread between Sast and Vest has decreased; seasonal fluctuations are l e s s ; panic rates have disappeared.

Abstract by ¥ . 0. Veyforth, AMERICAN ECONOMIC REVIEW, XV, D e c , 1925, p. 800.


BURGESS, Warren Randolph. Author File

Steadier interest rates under the Federal Reserve System* (American Bankers Association. Journal. New York, 1925* 4°. v. 18, p. 12-15, 20.) July


BURGESS, ¥. R.

"Effect of the Federal Reserve System on Interest Rates," MANAGEMENT AND ADMINISTRATION, Dec. 1923*

F.R* System is likely to have little effect on the general level of interest rates but may be expected to reduce greatly the fluctuations in interest rates.


ESTEY, J. A.

Federal Reserve Banks and the Rate of Discount, THE BANKERS MAGAZINE, CVIII, No. 3, March, 1924, pp. 532-538.


EST/JH, J* A.

Federal reserve banks and the rate of discount, BANKERS MAGAZINE, Vol. 103,

April, 1924- PP- 532-533.

It is the direct pressure of individual banks upon their borrowers and not the rate of interest, which largely serves to check the exuberance of business expansion. Changes in discount rates are important, however, as a signal that pressure is desirable*

Abstract by W.O. Weyforth, AMERICAN ECONOMIC REVIEW, XIV, Dec. 1924, p. 586.


FARWELL, John V.

"Federal Reserve Rate Cannot be Detenained by a Formula," TRUST COMPANIES, Vol. XXXIII, No. 3 , Sep tember, 1921.


FAJWELL, John V.

"Federal Reserve Bate Cannot be Determined by a Formula," TRUST COMPANIES, Vol. XXHII, No. 3 , September, 1921.


FEDERAL RESERVE BOARD

Discount rates of the Federal Reserve Banks, 1914-1921. Washington, D.O.i G.P.O., 1922.

55 PP-


FEDERAL RESERVE BULLEtESf

Discount operations at the Federal Reserve Banks*

March, 1917.


FEDERAL RESERVE BULLETIN

Discount and open market operations of the federal reserve banks during December and the calendar year 1919.

February, 1920.

Discount policy of the reserve banks. June, 1920.


FORGAN> James B.

"Lowering of Rediscoiant Rates May Precipitate Renewed Inflation,11 TRUST COMPANIES, Vol. XXXIII, No. 3 , September, 1921.


FORGAN, James B*

"Lowering of Rediscoimt Rates May Precipitate Renewed Inflation," TRUST COMPANIES, Vol. XXXIII, No. 3 , September, 1921.


FORGAN, James B.

"Lowering of Rediscount Rates May Precipitate Renewed Inflation," TRUST COMPANIES, Vol. XXXIII, No. 3, September, 1921.


GEPHART, y. F.

"Inflation in Relation to the Bank Reserve and the Business Cycle.* A pamphlet published by the First National Bank of St* Lotiis, 1923.


GEPHAKT, W: F.

"Business revival and the rediscount rate," ECONOMIC WORLD,

June U, 1 9 2 1 .


GEPHART, William Franklin.

The interest rate and the future discount policy of the Federal Reserve System. (Washington University studies. St* Louis, 1921. 4°. v* 8, p. 123-1340


fsoeMi- /tesfcfli/E syrnsyy /AJ OKX/JT/O/IS .

^script,** of most w/x*7d*7T Px*<t*4»i* *f * e *y j£«^

fi»«*«iJ( fZAi/He«s / / / fa s (L***, "c€*4*>~£* </e*e£yu>^

i*rjS)uA„ J) fUi^j^We-*:.

£*?*/nr- See Chap. 5 : Open Market Preface PP» 54-62

' • I fi? fife J actum ' * ^ • /

£ Structure, of FH Sysfe~t *• *-* *?

3 P/Scov* h> ^ - ** '?

y DiSCoOtil RcJ-r* ^ 3*1

6~ Ope* MOAK<I Odinahisyj^ • ^ - - • $ y <» F e ^ v a P KeAAhcX> /OSbuo * - - • • z »

ft llfiA&MAA* J fit* /3LuM«Jf /3#^r /Car S"?

/3 ftn/ifyV /hcufatrtAv* fflrttpF/?8i>+>></ /if?

'¥ fat/*2***** ^ ^ » » <*? ̂ k/<*A~. /iff / t f£ /e^ te^ ^ <u*4u* (7<z«< HutiCD /fyc* /£>}-*/C&


GUNN, S. 0.

How we got our discount terms observed. SYSTEM, vol. 41, Jan. 1922, pp. 44-46.


HARDING, V. P. G.

Federal Reserve Rediscount Rates , JOURNAL OF THE AMERICAN BANKERS' ASSOCIATION,

October, 1927.


A). B .4 . J O U R A J / I C Oct . /9«^? , p . 2 , /^


HARDING, V. P. G.

Principles Governing the Discount Rate, THE ANNALS OF THE AMERICAN ACADEMX OF POLITICAL & SOCIAL SCIENCE, Vol. XCIX, January, 1922.


HARDIN3, W. P. G.

"Principles Governing the Discount Rate," THE ANNALS, Januaiy 1922, pp. 183-89.


Author File HARDING, W. P. G.

Principles governing discount rate policy of Federal Reserve Banks, TRUST COMPANIES, Vol. 33, November, 1921. pp. 509-13

A summaiy of prevailing views as to what should detennine F.R. Board policy in establishing discount rates. Recommendations on the matter made by Federal Advisory Council.


HARDING, V- P- G.

Principles Governing the Discount Rate, THE ANKALS of the American Academy of Political end Social Science,

January, 1922, pp. 183-189.


HARDING, ¥• P. G.

"Principles governing discount rate policy of federal reserve banks," TRUST COMPANIES,

November, 1921* Pp. 5*

A summary of the prevailing views as to vhat should determine the Federal Reserve Board policy in establishing discount rates* Recommendations on this subject by Federal Advisory Council.

Abstract by N.R. ¥hitney, AMERICAN ECONOMIC REVIEW, June 1922, p. 364.


HARD Mi, William P. B.

"Whys and wherefores of interest rates,M

SYSTEM, vol. 59, Jan. 1921, pp. 4-8.


HARDY, C. 0 .

The discount rate controversy, EDITORIAL RESEARCH REPORTS,

October, 1927.


HARDY, C. 0.

The discount rate controversy, EDITORIAL RESEARCH REPORTS,

October, 1927.


Ufypd^r, U. i q ^

me, \~«<Ura.( ne&«r»o<2. ^4%lem %*\ "/He.

9'1*$-l¥f

Vncaiuni j\cUaj> Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HEPBURN, A. Barton and ANDERSON, Benjamin M.

"The Gold and Rediscount Policy of the Federal Reserve Banks," THE CHASE ECONOMIC BULLETIN, Vol. I, No. 5, July 20, 1921.


HULBERT, E. D.

"Rate Should Be Above Market Rates," TRUST COMPANIES, Vol. XXHII, No. 3, September, 1921.


HtJLBERT, E. D.

Bate should be above Market Rates, TRUST COMPANIES, Vol. XHXIII, Ho- 3 , September, 1921.


JOHNSTON, Percy

Unusual Conditions Justify Reduction of Federal Reserve Rate," TRUST COMPANIES, Vol. XXXIII, No. 3, September, 1921.


JOHNSTON, Percy

"Unusual Conditions Justify Reduction of Federal Reserve Rate," TRUST COMPANIES, Vol. XXXIII, No. 3, September, 1921.


KEMMERER, Edwin Walter

"Rediscounting and the Federal Reserve Discount Rate," JOURNAL OF THE AMERICAN BANKERS ASSOCIATION, Vol. XII, No. 10, April, 1920. pp. . 582-584


KEMMERER, E. V.

"Rediscounting and the Federal Reserve Discount Rate," JOURNAL OF THE AMERICAN BANKERS ASSOCIATION Vol. XII, No. 10, April, 1920.


KEMMERER, Bdvin Walter Author Fil«

Rediscounting and the Federal Reserve Discount Rate, JOURNAL OF THE AMERICAN BANKERS ASSOCIATION, Vol. H I , No. 10, April, 1920* PP» 582-8U


KENNEDY, C. N.

Rediscount rates must come dovn. (Wallace's farmer. Des Moines, 1921. f°. v. 46, p. 1187.)


LEFFINGWELL, R. C,

Discussion of Prof. Sprague1 s paper entitled rThe Discount Policy of the Federal Reserve Banks, THE AMERICAN ECONOMIC REVIEW, Vol. XI, No. 1, March, 1921.


LEFFINGVELL, R. C.

Discussion of Prof. Sprague's paper entitled 'The Discount Policy of the Federal Reserve Banks," THE AMERICAN ECONOMIC REVIEW, Vol. XI, No. 1, March 1921.


LEFFINGWELL, R. C

The discount policy of the Federal Reserve Banks, AMERICAN ECONOMIC REVIEW,

1921.

Discussion of Professor Sprague' s paper


S a n c t i o n ^ \or D i s c o u n t l o l t c

Ocowo/viic J o o a w n - Vol. 3*^ _ —' ^

Beosr^ket- M* 4 / p p . 6 5 3 - 4 4 3 .


MAGEE, James D.

Call Rates and the Federal Reserve Board, THE AMERICAN ECONOMIC REVIEW, Vol. I, No. 1, March, 1920, pp. 59-65.


MILLER, A. C.

"Federal Reserve Discount Policy and the Diversion of Credit into Speculative Channels," TRUST COMPANIES, 1925.


MILLER, Adolph C. Triplicate

"Federal Reserve discount policy and the diversion of credit into speculative channels," TRUST COMPANIES,

1925.


MILLER, A. G.

Federal reserve discount policies and prices, THDST COMPANIES,

June, 1921.


MILLER, A. C.

"Federal reserve discount pol ic ies and prices," TH0ST COMPANIES,

June, 1921. Pp. 3 .

The elements of a sound rediscount policy.


MOMFORD, George S.

Factors that Should Govern Federal Rediscount Rate, TRUST COMPANIES, Vol. XXXIII, No. 3, September, 1921. (33)


MUMFORD, (feorge S.

"Factors That Should Govern Federal Rediscount Rate," TRUST COMPANIES, Vol. XXXIII, No. 3, September, 1921.


fyuftPHX PJ.J .

Vctf. M 3 Jaw, J<**s~ pp .3a<a « ^ e / .


NAKDIMEN, I . H.

President of Fort Sraith (Ark*) bank protests against increase in Federal Reserve discount rates* (Commercial and financial chronicle* New York, 1920* f°* v. 110* p. 8 U . )


NORTON, J.E.

"Bank Rate and the Money-Market in the United States" E.J. Vol XXXI, No. 12U December, 1921

An analysis of the machinery furnished by the Federal Reserve System for regulating- the credit supply and the discount rate. Abstract by N.R. Whitney, AMERICAN ECONOMIC REVIEW,

XII, June, 1922, p. 365.


NORTON, J. E.

Bank rate and the money-market in the United States. (Economic Journal. London*-1921. 8°. v. 31, p. 4B2-A95.) ^.. • 7 1 •


POWELL, C. L.

"Eligibility for Discount," The ANNALS of the American Academy of Political and Social Science, Vol. 99, January, 1922. pp. 105-113.


REYNOLDS, George M.

"Rediscount Rates, Bank Rates and Business Activity," THE ANNALS OF THE AMERICAN ACADEMY OF POLITICAL AND SOCIAL SCIENCE, Vol. XCIX, January, 1922.


*1?«JisCAo»jt Ha le * , & K ? & n a C s <j"7<i

Vol. 99, pp. 190-195.


RICH, John H. Author File

Relation of Rediscount and Interest Rates, TRUST COMPANIES, Vol, XXXIII, No. 5, November, 1921.


RICH, John H.

Relation of Rediscount and Interest Rates," TRUST COMPANIES, Vol. XXXIII, No. 5, November, 1921.


RIDDLE, J. H.

INTEREST RSTES AND FEDERAL RESERVE POLICI. New Yorkt Bankers Trust Company, 194.6.


FIDDLE, J- H.

Interest Pates and Federal Reserve Policy. New York: Bankers Trust Company, November, 1946.


SIMMONS, Edward C.

Federal Reserve Discount-Rate Policy and Member-Bank Borrowing, 1944-9), (University of Chicago) JOURNAL OF BUSINESS, Vol. XXV, 1952.


SlMMOMS, Edward C.

Federal Reserve Mscoumt-Kate Folicy and Member-Bank Borrowing, 1944-50, THE JOURNAL OF BUSINESS, XXV, Jan. 1952, pp. 18-29.


SISSON, Francis H.

"Reserve Rate Is an Effect and Not a Cause," TRUST COMPANIES, Vol. XXXIII, No. 3, September, 1921.


SOSLAND, Samuel.

The progressive discount rate system. Its application in the tenth Federal Reserve district. (Bankers magazine. Nev York, 1921. 8°. v. 102, p. -408-412.)


Author File SPRAGUI, 0- M- V.

"The Discount Policy of the Federal Reserve Banks," THE AMERICAS ECONOMIC REVIEW, Xi, Ho« 1, March, 1921, pp* 16-29.

Discussion: tyE, C, Leffingwell, ibid.» pp. 30-36, Rejoinder by Dr. Miller, ibid., June, 1921, on

Federal Reserve Policy,11 pp. 177-206.


SPRAGUE, Oliver Mitchell Wentworth (1875- )

"The discount policy of the Federal Reserve banks" /paper read at 55^ annual meeting of the American Economic Assn., Dec. 29, \9%SJ. AMERICAN ECONOMIC REVIBX, XI, March 1921, pp. T6-29.

Discussion by R. 0. Leffingwell, pp. JO-56; v/ith Rejoinder by Dr. Miller, ibid., June 1921, on "Federal Reserve Policy," pp. 177-206.


SPRAGUE, Oliver Mitchell Ventworttu

Applying sound banking and credit principles: discount policy in peace time. (Trust companies. New York, 1920. 8°. v. 30, p. 171-172.)


SPRAGUE, Oliver Mitchell Wentworth. Applying sound banking and credit principles: discounti

(Economic world. New York, 1920. 4°. new series, v. 19, p. 400-401.)

jlicy in peace time.


SIKES, E.

Mr. R. G. Haytrey on the eff icacy of the r a t e of discount, JOURNAL OF THE INSTITUTE OF BANKERS,

Apri l , 1922. Pp. * -/•

Discussion of a paper on *The Federal Reserve System of; the UWLted States,w ready by R. G% Havtrey before the Royal Statistical Society* It is contended that Eavtrey ascribes too great importance to the efficacy of the discount rate in the U.S., and that a great fall in prices was bound to occur after the var-time speculation regardless of the rate of discount. Abstract by N.R. Vhitney, AMERICAN ECONOMIC REVIEW,

HI, Sept. 1922, p. 555.


TRUST; COMPANIES SYMPOSIUM on Should Federal Reserve Bank rediscount rates be maintained above current market rates?

(Trust companies. New York, 1921. 8°. v. 33, p. 209-215.)


TURNER, Robert C.

MEMBER-BANK BORROWING. Columbus: Ohio State University, 1938. Pp. xiv + 243.

Reviewed by E. C. Simmons, JPE, XLVIII, April 1940.

discount rate policy


Discount rates of the Federal Reserve Banks, 1914-1921. Washington:

1922.


WALLACE, Robert F.

The use of the progressive discount rate by the Federal Reserve System, JOURNAL OF POLITICAL ECONOMY, LXIV, no. 1, February, 1956, pp. 59-68.


VAREURG, Paul M.

Theory and Practice* Price Fluctuations and the Discount Policies of Central Note Issuing Banks, PROCEEDINGS of the Academy of Political Science, XI, No. 2, January, 1925, pp. 81-89*


W A H ^ U * ^ , Paul M .

Price Vluctuah'oQS ^*></ "Bv~. o - c * c o o r ? T

p^lici*£«s o t c e n t r a l hof« - Z*SOir*o t a ^ i K s ,

ike / i c^e

Science V^l. M Jawoo^ l^^^ $^^


WE3TERJTELD, Ray B.

"Marginal Collateral to Discounts at the Federal Reserve Banks," AMERICAN ECONOMIC REVIEW, XXII, March 1932, pp. 34-55.

discount policy and operation


WESTF.RFIELD, Ray B.

"Marginal collateral to discounts at the Federal Reserve Banks," AMERICAN ECONOMIC REVIEW, XXII, March 1932, pp. 34-55.


WHITNEY, Caroline

Discount Policy, chap* XXX, in THE BANKING SITUATION • AMERICAN POST-WAR PROBUMS AND DEVELOPMENTS ed, by H. ?. Willis and J. M. Chapman. New York: Coltsabia University Press, 1934, pp. 690-724*


WILLIS, H. P.

American discount rate policy, 1927-28, THE BANKER, Vol. 7, 1928, pp. 113-122. (London)


Author F i le WILLIS, H. Parker

The discount ra te controversy in the United Sta tes , THE BANKER (London), Vol. IV, No. 22,

November, 1927, pp. 408-416.

Instruments of F.R. Pol icy: Discount Rate


WILLIS, H. Parker

"The Discount Rate Controversy in the United States" (London) THE BANKER, November 1927, pp. 408-16.


VILLI S, H. Parker

••The Chicago discount rate—the Reserve System at the cross-roads,1' THE ANNALIST, September 16, 1927*

The F.IL System has lost prestige since the reorganization under the Harding administration. It has been influenced too much by foreign interest. A general revision of its policies seems necessary.

Abstract by ¥• 0* Veyforth, AMERICAN ECONOMIC REVIEW, XVII, Dec*, 1927, p. 760.


WILLIS, H. Parker

"How Rediscount Rates Are M8de,« JOURNAL OF THE AMERICAN BANKERS ASSN., June 1923.

"Monsy Rates at Home and Abroad," JOURNAL OF THE AMERICAN BANKERS ASSN., July 1923*

FRS has many theories of rates, largely in conflict -with one another. They have represented only tendencies or id ideas, considerations of expediency coming in to detennine whether one factor or another shall be given an important influence,

(2) Endeavors to account for differences in money rates in the US and in England. Difficulties in transfer of capital are pointed out* Depression in business in Eng. at present time helps explain lower rates there.


WILLIS, H. P.

How rediscount rates are made, JOURNAL OP T M AMERICAN BACKERS ASSOCIATION,

June, 1925.

Pederal reserve system has many theories of rates, largely in conflict with one another. They have represented only tendencies or ideas, considerations of expedienoy coming in to determine whether one factor or another shall be given an important influense. Abstract by 7.0. 'fey forth,

AM33I0AN E00U0MI0 REVIEW, XIII, Dec, 1925, p. 770.


WITHERS, Hartley

The powers of central banks, COMMERCIAL AND FINANCIAL CHRONICLE,

March 1 3 , 1926, pp. 1378-79-

rediscount rate as tool of central bank action


YODNGMAN, Anna

Efficacy of changes in the discount rates of the federal reserve banks, AMERICAN ECONOMIC REVIEW, XI, September, 1921, pp# 466-435.

Pp. 21.


agger, e. e. author file prosperity through a reduction of the

Documents