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1 Legislative Mandates for Central Banks and Objectives of Credit Policy [i] (1939)

handle is hein.tera/lmcbks0001 and id is 1 raw text is: 














                 LEGISLATIVE MUDATES FOR CENTRAL BANKS
                     A BD OBJ-.,CTIVES OF CEDIT POLICY


                               Compiled in
                   Division of Research and Statistics,
            Board of Governors of the Federal Reserve System

                                                                      Page
                                 Part 1

                       Mandates Actual and Proposed

  I. Mandates proposed for Federal Reserve System                       2

  II. Objectives of foreign central banks prescribed by statute         9


                                 Part 2

                        Discussion of Objectives

  I. Official policy declarations by the Federal Reserve Board
       and the Federal Reserve Bank of New York                        14

 II. Public but not official statemcnts by officials of the
       Federa. Reserve System                                          19

III. Statements by other U. S. Government officials                    25

IV. Discussion of objectives of Bank of England and Swedish Riksbank   27

  V. Discussion of objectives in the writings of economists            38


Appendix: Sources of quotations                                        48


April 19, 1939.

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