...to direct purchases and sales from or to the United States under the provisions of this proviso. (2) To buy and sell In the open market, under the direction...of, or fully guaranteed as to principal and Interest by, any agency of the United States. (Dec. 23, 1913, ch. 6, 5 14 (b), 38 Stat. 264; Jan. 31, 1934,...

...inserting "(1)" immediately after "(b)" and by adding the following new paragraph at the end: "(2) To buy and sell in the open market, under the direction...of, or fully guaranteed as to principal and interest by, any agency of the United States." Chairman PROXMIRE. Thank you, Congressman Patman. Mr. MARTIN....

...Public Law 89-597 which allows the Federal Open Market Committee to buy and sell in the open market any obligation which is a direct obligation of, or fully guaranteed as to principal and interest by, any agency of the United States. The purpose of this section of the law is to increase the flexibility...

...maximum of 10 percent instead of the existing 6 percent. The Federal Reserve Banks would be authorized to buy and sell in the open market, under the direction...regulations of the Federal Open Market Committee, direct obligations of, or obligations fully guaranteed as to principal and interest by, any agency...

...inserting '(!)' immediately after '(b)' and by adding the following new paragraph at the end: " '(2) To buy and sell in the open market, under the direction and control of the Federal Open Market Committee, any obligation which is — '"(A) a direct obligation...

...inserting '(!)' immediately after '(b)' and by adding the following new paragraph at the end: " '(2) To buy and sell in the open market, under the direction and control of the Federal Open Market Committee, any obligation which is — " '(A) a direct obligation...

...purchases and sales from or to the United States under the provisions of the preceding proviso. (2) To buy and sell in the open market, under the direction...of, or fully guaranteed as to principal and interest by, any agency of the United States. [USC, title 12, sec. 335. As amended by Acts of January 31, 1934...

...inserting "(1)" immediately after "(b)" and by adding the following new paragraph at the end : "(2) To buy and sell in the open market, under the direction...of, or fully guaranteed as to principal and interest by, any agency of the United States." SEC. 7. The provisions of the preceding sections of this Act...

...inserting "(1)" immediately after "(b)" and by adding the following new paragraph at the end : " (2) To buy and sell in the open market, under the direction...regulations of the Federal Open Market Committee, any obligntion which is a direct obligation of. or fully guaranteed as to principal and interest by, any...

...a"d the Federal Deposit Insurance Corporation. Section 6 of that act empowers Federal Reserve banks to buy and sell in the open market, under the direction and regulation of the Federal Open Market Committee, any obligation that is a direct obligation of or fully...