The Federal Reserve Banking System in Operation

O. M. W. Sprague

The Quarterly Journal of Economics, 1916, vol. 30, issue 4, 627-664

Abstract: Necessarily slow development of the system, 628. — Organization, number and location of banks, 630. — Opening of reserve banks and reduction of required reserve of member banks, 637. — Rediscounting operations, 641. — Open market operations, 645. — United States bonds and municipal notes, 646. — Trade and bank acceptances, 647. — The nation-wide check collection system, 653. — State banks and the reserve system, 662.

Date: 1916
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