Word: eccleses
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President Roosevelt this week sent to the Senate the nominations of six of the seven members of the Federal Reserve Board which, according to the Banking Act of 1935, will be reconstructed Feb. 1. Only two members of the old board were named to the new: Governor Marriner Stoddard Eccles...
On Nov. 21 the Dow-Jones industrial stock averages closed at 147. Next day Federal Reserve Board Governor Marriner Stoddard Eccles publicly pronounced the market sound, declaring: "I think there is an element of safety and of strength in the fact that security purchases are being financed out of cash...
Last week after a ten-point decline and subsequent rise the industrial averages were again at 147. And again Governor Eccles spoke, this time not in person but through the Federal Reserve Board, not by word but by action. Without warning, the Reserve Board boosted margin requirements from a maximum...
Yet as a group, the heads of the Reserve Banks were less concerned over their own future than over the future of their hosts, the Federal Reserve Board. Of the Board two members, the Secretary of the Treasury and the Comptroller of the Currency will automatically lose their ex-officio...
Newshawks interviewing big Manhattan bankers could find not one who would admit naming a safe debt limit to the President, not one who had heard another banker do so, not one who would suggest any banker except Marriner S. Eccles, New Deal Governor of the Federal Reserve Board, likely to...