Congressional Oversight of the Federal Reserve System: Hearing, Ninety-second Congress, First Session ... September 27, 1971

Sampul Depan
 

Apa yang dikatakan orang - Tulis resensi

Kami tak menemukan resensi di tempat biasanya.

Halaman terpilih

Istilah dan frasa umum

Bagian yang populer

Halaman 47 - USC 5901-5902), and for expenses of attendance at meetings which are concerned with the functions or activities for which the appropriation is made or which will contribute to improved conduct, supervision, or management of those functions or activities...
Halaman 39 - All such attorneys, experts, assistants, clerks, and other employees shall be appointed without regard to the provisions of the Act of January sixteenth, eighteen hundred and eighty-three (volume twenty-two, United States Statutes at Large, page four hundred and three), and amendments thereto, or any rule or regulation made in pursuance thereof : Provided, That nothing herein shall prevent the President from placing said employees in the classified service.
Halaman 27 - Export-Import Bank notes and guaranteed participation certificates; (9) Farmers Home Administration insured notes; (10) Notes fully guaranteed as to principal and Interest by the Small Business Administration; (11) Federal Housing Administration debentures; (12) District of Columbia Armory Board bonds; (13) Tennessee Valley Authority bonds and notes; (14) Bonds and notes of local urban renewal or public housing agencies fully supported as to principal and Interest by the full faith and credit of...
Halaman 3 - States under the provisions of the preceding proviso. (2) To buy and sell in the open market, under the direction and regulations of the Federal Open Market Committee, any obligation which is a direct obligation of, or fully guaranteed as to principal and interest by, any agency of the United States.
Halaman 36 - CHAIRMAN (Mr. Patman). I want to clarify this for the record one more time, Mr. Martin. How in the world can you insist that bonds that are paid for once should continue in existence with the taxpayers having to pay interest on them after they have been paid for once? Now, of course, you claim that these bonds have to be there to back up Federal Reserve notes. But that does not conform with your reasoning in 1959 when you presented to Congress a bill, and it was passed on by this committee, which...
Halaman 3 - That any bonds, notes, or other obligations which are direct obligations of the United States or which are fully guaranteed by the United States as to principal and interest may be bought and sold without regard to maturities either in the open market...
Halaman 45 - ... (RS section 3477; May 27, 1908, c. 206, 35 Stat. 411.) Furthermore, the act of June 20, 1874, 18 Stat. 109, provides that no such civil officer of the Government shall receive any compensation or perquisites, directly or indirectly, from the Treasury or property of the United States beyond his salary or compensation allowed by law.
Halaman 36 - Committee owns $38.5 billion worth of bonds— which of course is about $14.5 billion more than it was then, you insist that it is impossible for those bonds to be canceled, although $15 billion under the same circumstances could be given to the private banks, after giving them (through reducing reserves) the reserves to buy the bonds. The Fed pays nothing for them ; it merely creates new reserves. Then it continues to get interest on those bonds, and then when the bonds become due, they can collect...
Halaman 28 - Except as otherwise provided by law, sums appropriated for the various branches of expenditure in the public service shall be applied solely to the objects for which they are. respectively made, and for no others.
Halaman 3 - Making all agency issues eligible for System purchase or sale would increase the potential flexibility of open market transactions and could also serve to make these securities somewhat more attractive to investors. While public acceptance and understanding of these issues has grown, there may still be a lingering public hesitation in some cases to acquire and hold some of these issues because of diverse and complex legal and administrative factors. If all the issues were eligible for System operations,...

Informasi bibliografi