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fraser.stlouisfed.org/...
Jul 07 11:03 am
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All Comments by Rabbito »Fourteen Notes on Monetary Policy [View article]
Member Bank Reserve Requirements; Feb, 5, 1938.
“In 1931 this committee recommended a radical change in the method of computing reserve requirements, the most important features of which were…”(2) uniform percentage requirements against the volume of deposits of both types and in all classes of cities; and (3) requirements against debits to deposits.”
This is the Real-Deal, not the New-Deal.