Word: demanding
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Dates: during 1930-1939
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...advanced to agricultural agencies. No other kind of security is eligible for the Reserve's rediscount privilege.? Not one nickel will the Reserve lend on the best industrial bonds, on prime stocks or on A-1 real estate mortgages. In its effort to keep liquid to meet depositors' demands, a bank which has exhausted all its assets eligible for Reserve borrowing must dump its other securities on the market to raise more cash. This dumping deflates values all the more, scares the public, increases the popular demand for ready cash. Bank after bank has failed only for examiners...
According to last week's best judgment, the currency club would start swinging just enough to produce the necessary psychological momentum. Hoarders would redeposit their cash; banks would breathe easier; the demand for Federal Reserve loans would diminish; the machinery of normal banking would pick up speed by itself; the currency club, having served its initial purpose, would go back on the shelf...
...elastic currency was one of the Federal Reserve's original purposes. Each of the twelve district banks was authorized to print its own paper money which became the joint obligation of the Federal Reserve bank and of the U. S. Treasury to pay gold on demand. Each bank of issue must hold in actual gold or gold certificates at least 40% of the amount of its outstanding currency. Likewise behind each dollar of Reserve currency must be 100¢ of commercial paper or of gold or of gold certificates. U. S. Government bonds and other Treasury obligations (although eligible for rediscount...
Promptly all Moscow seethed over this CHIEF DANGER and outsiders were mildly amazed-for did not Josef Stalin demand two years ago "the liquidation of the kulak?" Did not rivers of blood flow? And was not the kulak liquidated...
...educational subjects have been limited. In making his debut over the radio last night he did not break away from his established custom. It was not so much as President of Harvard, but rather as Professor Lowell of the Government Department that he was speaking. As such his opinions demand wide recognition since there are few who will challenge his knowledge of world governmental affairs. In asking that the United States and the League of Nations cooperate in effecting an economic boycott on Japan he gave his assenting vote to a sentiment which it is hoped will gain rapid momentum...