Word: inflowing
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Dates: during 1930-1939
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Chairman Eccles can do nothing to stop the inflow of gold, but he can do several things about the effects of gold imports. One of them is the power to boost reserve requirement as much as 100%. Another is to sell the Reserve System's Government bonds, resulting in a dollar-for-dollar reduction in reserves. By raising the reserve requirement 50%, Chairman Eccles mopped up nearly $1,500,000,000 of the excess, leaving about $1,900,000,000 to worry about after Aug. 15. And while $1,900,000,000 is a larger figure for excess reserves...
Last week as another great inflow of gold reached the proportions of a flight to the dollar, U. S. bankers became acutely conscious of that old thumb rule for figuring the nation's credit base. In the past month more than $200,000,000 of the yellow metal has been shipped or is awaiting shipment to the U. S. Most of it was disgorged by hoarders, frightened by the European war buzz. Since all gold landed in the U. S. must be sold to the Treasury, timorous capitalists apparently preferred Roosevelt paper dollars in a U. S. bank...
...annual report of Dr. Frederick Paul Keppel, president of Carnegie Corp., to show how Depression has forced Andrew Carnegie's $135,000,000 philanthropy out of its true channel of education. Hard times have not only cut the corporation's funds but have also materially reduced the inflow of new ideas on how and where to spend money. Explained President Keppel: "Those from whom ideas in ordinary times might be expected have been overworked and strained and have had neither the time nor the freshness of mind to develop them. . . . All in all the corporation will welcome...