Is Credit Policies of the Federal Reserve System free to download?

Yes. The complete 399-page PDF, EPUB, and MOBI downloads directly from this page (19.5 MB). There is no signup, no account and no paywall.

How long is Credit Policies of the Federal Reserve System?

399 pages, 20 chapters, and about 100,745 words in the edition this archive serves.

Is Credit Policies of the Federal Reserve System in the public domain?

No. This edition is published here by permission and the work itself reserves all rights. It is free to read and download from this archive, but it is not public domain and not Creative Commons.

First published 1932

Credit Policies of the Federal Reserve System

by Charles Hardy

The Brookings Institution, Washington, D.C., 1932.399 pagesISBN 9781610165624Updated August 21, 2012

Credit Policies of the Federal Reserve System by Charles Hardy is available as a free PDF, EPUB, and MOBI download at freecapitalists.org.

Author: Charles Hardy
First published: 1932
Format: PDF, EPUB, and MOBI
Pages: 399
ISBN: 9781610165624
Publisher: The Brookings Institution, Washington, D.C
License: Published here by permission. The work itself reserves all rights; it is not Creative Commons.

Money, banking & crises

In this historical gem originally published in 1932, Charles Hardy examines the history of the Federal Reserve's policies and their impact on the organization of the banking system in the post-World War I period. Mr. Hardy deals with the fundamental problems of central banking policy, namely, the purposes which an organized banking system should seek to accomplish, the efficiency of the means which such a system has at its command, and the tests by which it can gauge the success of its efforts. The author provides a detailed background of central banking activities and credit control decisions for the 1920's and early 30's. Especially noted and examined is the importation and management of gold and gold certificates during this period as well as international coordination between central banks. Hardy's work is an essential review and critique of Federal Reserve policy implementation during a period which was highly influential to the Great Depression.

616 pages, originally published 1932.

Director’s Preface

Author’s Acknowledgments

Part I: Organization and Practice

I: Standards of Credit Policy

II: The Technique Of Credit Control

III: Banking And Business, 1922-31

I. Decentralized Credit Control, 1922-23

II. Moderate Restraint, April-December 1923

III. An Easy Money Policy, 1924

IV. A Period of Neutrality, 1925-26

V. Easy Money Again, 1927

VI. The Attempt to Curtail Speculation, 1928-29

VII. The Banks and the Depression, 1930-31

VIII. The Crisis of 1931

Part II: The Major Standards

IV: Stabilization of The Money Market

I. The Tradition of Central Bank Policy

II. Temporary Disturbances

III. Cyclical Disturbances

IV. Gold Movements

V: Maintenance of Sound Credit Conditions

VI: International Co-Operation

VII: The Reserve Board and the Stock Market: The Technique of Control

VIII: The Reserve Board And The Stock Market: The Objectives of Control

IX: Reserve Credit and the Gold Supply

I. The Gold Movement and the Volume of Credit

II. Gold Stock and Credit Policy

III. What Policy Should Have Been Followed?

X: Stabilization of Prices

Addendum

XI: Efficacy of the Reserve System’s Technique

Part III: The Minor Standards

XII: Liquidity of Commercial Bank Assets the Acceptance Market

XIII: Liquidity of Commercial Bank Assets Eligibility For Rediscount

XIV: The Federal Reserve System and the Treasury

XV: Regional Uniformity of Rates

Part IV: The Results of Credit Control

XVI: The Quantity of Credit: Excess or Deficiency

I. Reserve Credit And Bank Credit

II. The Amount of Credit Which A Country Needs

XVII: The Quality of Credit: Liquidity and Safety

I. The Banker’s Viewpoint: Liquidity

II. The Borrower’s Viewpoint: Vested Interests

III. The Depositor’s Viewpoint: Bank Failures

Appendices

Appendix A: Statistical Data

I. Reserve Bank Credit and Factors in Changes, Jan. 1, 1922 to June 1, 1932

II. Gold Imports into and Exports from The United States, by Countries, 1922-31

III. Discount Rates of Federal Reserve Banks on All Classes and Maturities of Discounted Bills, January 1, 1922 to June 30, 1932

IV. Reserve Percentage of the Federal Reserve Banks, by Months, 1922-32

V. Principal Resources and Liabilities of All Member Banks, on Call Dates, 1922-31

Appendix B: References For Further Reading

Index

Publications

Questions

About this book and this copy

Is Credit Policies of the Federal Reserve System free to download?: Yes. The complete 399-page PDF, EPUB, and MOBI downloads directly from this page (19.5 MB). There is no signup, no account and no paywall.
How long is Credit Policies of the Federal Reserve System?: 399 pages, 20 chapters, and about 100,745 words in the edition this archive serves.
Is Credit Policies of the Federal Reserve System in the public domain?: No. This edition is published here by permission and the work itself reserves all rights. It is free to read and download from this archive, but it is not public domain and not Creative Commons.