Federal Reserve Reform Act of 1977: Hearings Before the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-fifth Congress, First Session, on H.R. 8094, a Bill to Promote the Accountability of the Federal Reserve System, July 18 and 26, 1977U.S. Government Printing Office, 1977 - 168 pages |
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Common terms and phrases
accountability agencies amended appointment audit bankers BARNARD believe Biemiller bill BLANCHARD Board of Governors boards of directors CAVANAUGH Chairman Burns class C directors COHEN Committee on Banking Concurrent Resolution 133 conflict of interest CONGRESS THE LIBRARY Congressional consumer Depositaries dialog disclosure economic effect employees employment expectations Fed's Federal Open Market Federal Reserve Act Federal Reserve Bank Federal Reserve Board Federal Reserve System FOMC going Government HANLEY hearings House Concurrent Resolution inflation interest rates June KELLY legislation LIBRARY OF CONGRESS LUNDINE member banks ment monetary aggregates monetary growth monetary policy monetary velocity money supply nominal GNP officers Open Market Committee percent President problem prohibition provision Proxmire questions regulations representatives Reserve Bank board Reserve Bank directors Reserve's response ROUSSELOT Senate confirmation serve STANTON Stat statement statute testimony Thank tion Urban Affairs VENTO views William Proxmire WRIGHT
Popular passages
Page 140 - To put the matter another way, particularly where conduct and not merely speech is involved, we believe that the overbreadth of a statute must not only be real, but substantial as well, judged in relation to the statute's plainly legitimate sweep.
Page 4 - Bank directors are chosen without discrimination on the basis of race, creed, color, sex, or national origin.
Page 103 - DIRECTORS Class A and Class B directors are elected by the member banks of the district. Class C directors are appointed by the Board of Governors of the Federal Reserve System. The Class A directors are chosen as representatives of member banks and, as a matter of practice, are active officers of member banks. The Class B directors may not, under the law, be officers...
Page 62 - Such board of directors shall administer the affairs of the bank fairly and impartially and without discrimination...
Page 28 - The Board of Governors of the Federal Reserve system and the Federal Open Market Committee shall maintain long-run growth of the monetary and credit aggregates commensurate with the economy's long-run potential to increase production so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.
Page 4 - C directors represent the public and are chosen with due, but not exclusive, consideration to the interests of agriculture, commerce, industry, services, labor, and consumers; they may not be officers, directors, or employees of any bank.
Page 6 - Providence never intended to make the management of public affairs a mystery, to be comprehended only by a few persons of sublime genius, of which there seldom are three born in an age...
Page 5 - For example, as revealed by the minutes of the Board of Directors of the Federal Reserve Bank of Chicago for May 23, 1974, Vice Chairman George W.
Page 4 - For example, the provisions of section 4 of the Federal Reserve Act, as amended by the Federal Reserve Reform Act of 1977, provide that both class B and C directors shall be chosen to represent the public and with "due but not exclusive consideration to the interests of agriculture, commerce, industry, services, labor, and consumers.
Page 161 - Administration's economic strategy, it is clear that deficit reduction is not an end in itself, but rather a means to the end of greater national investment and higher living standards.