Word: excessively
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...since 1934 represents foreign capital seeking safety or investment. Fear for the dollar or returning confidence in Europe or both would probably draw the gold away. And this possibility is the chief argument against Federal Reserve Board action to cut the present high total of excess bank reserves (TIME, Feb. 10). Gold shipments reduce bank reserves by a like amount...
...Neiman is the widow of the late Lucius W. Neiman, founder of the Milwaukee, Wisconsin, "Journal". Her will was filed here yesterday with a gift to Harvard "in excess of one million dollars", one of the largest, individual bequests ever received by the College...
...agreement on just where good times become a boom and a boom becomes inflation. On only one point is there any unanimity: the possibilities of inflation in the U. S. lie almost wholly within the banking system. And the core of that problem is bank reserves and their manipulation. Excess Reserves. The principal medium of exchange in the U. S. is not currency, which accounts for only 10% of the total money supply, but credit money, which means checks. By law a bank must maintain with a Federal Reserve Bank a certain ratio of reserves to customers' deposits. Reserve...
...bank in the form of checks. Not until the borrower pays off his loan does that money disappear from circulation. Provided he has enough capital, the only limit on a banker's power to create credit is the amount of his reserves. At present U. S. banks have excess reserves of more than $3,000,000,000, and if they could find enough borrowers they could conceivably create some $30,000,000,000 of credit. That would swell the total supply of bank money by two-thirds, cause a violent rise in prices. A number of bankers...
...Here is another one: 'We promise the enactment of every constitutional measure that will aid the farmers to receive for their basic farm commodities prices in excess of cost.' Well, what's the use of talking about that...