Word: excessively
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Dates: during 1930-1939
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...diabetic suffers because, even if he produces a satisfactory amount of insulin, he has some inhibiting factor in his blood which prevents that hormone from acting on carbohydrates. That class of diabetics benefit, Dr. MacBryde found, when they eat great quantities of candy, pastry, bread, potatoes, spaghetti. The excess carbohydrate does two things. It blocks the action of that inhibiting agent, and it stimulates the pancreas supply of insulin to the system. A few injections of insulin, said Dr. MacBryde, should tell the observant doctor what type of diabetic his patient is, what foods to let him have...
Most laymen would be hard put to it to define excess bank reserves, much less their significance. Last week, however, the public manifested a sudden interest in this prime index of potential credit. Excess reserves of all members of the Federal Reserve System rose $80,000,000. That was not a notable weekly gain and it was easily explained by the continued flow of gold to the U. S. What aroused the public's curiosity was the fact that the rise carried total excess reserves above the ponderous and unprecedented figure...
...country banker he must maintain a 7% reserve against his demand deposits. In Manhattan and Chicago, the two "central reserve" cities, the reserve requirement for demand deposits is 13%. In all other large cities the figure is 10%. All reserves above those requirements are earmarked "excess...
...largely by the Federal Reserve Board. That body now has theoretically unlimited power to restrict lending on securities by member banks. It may double reserve requirements which would nearly wipe out the current reserve surplus of $2,800,000,000 -base for ten times that amount of credit. Present excess reserves could also be sterilized if the Federal Reserve banks sold all their Government bonds. And the Federal Reserve may boost stockmarket margin requirements to 100%-cash trading...
...that when the stock exchanges have done all that they can; when the member banks of the Federal Reserve have done all that they can; when SEC has done all it can, there still remains this immense outside factor, an abnormal money market with a gigantic volume of excess reserves, the control of which is not in their hands. Only sound Federal Reserve Bank policy and sound Treasury policy can control that. . . . My earnest wish is that through intelligent use of equipment which we have and by keeping our sense of proportion, we may be spared another season of madness...