Selective Credit Policies and Wage-price Stabilization: Hearings, Ninety-second Congress, First Session, on S. 1201 ... [and] H.R. 4246 ... March 31; and April 1 and 7, 1971, Volumes 22-23

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Page 43 - (b) All departments and agencies of the Federal Government are authorized and directed to cooperate with the Committee and the Interagency Committee in order that they may carry out their responsibilities under this order. Section 13. There shall be periodic examination of the effectiveness of this
Page 111 - Chairman, I had in mind and wrote my statement against the specification of the bill which the chairman read at the bottom of page 2 and the top of page 3. This is precisely the kind of guidance I would expect from Congress.
Page 39 - Section 1 of HR 4246 would extend until March 31, 1973, the authority, first enacted in September 1966, under which the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank Board have been regulating interest rates payable on time and savings
Page 16 - As the title of the bill indicates, it would extend until March 31 1973, the statutory authority presently vested in the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank Board
Page 203 - (c) Savings deposit: Any deposit which is not payable on a specified date or at the expiration of a specified period and which may be withdrawn by the depositor without notice, except that the bank may, pursuant to the provisions of law or of its by-laws or regulations, require written advance notice of withdrawal.
Page 17 - the Department of the Treasury, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Federal Home Loan Bank Board
Page 53 - am, Thursday, April 1, 1971.) SELECTIVE CREDIT POLICIES AND WAGE-PRICE STABILIZATION THURSDAY, APRIL 1, 1971 US SENATE, COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS, SUBCOMMITTEE ON FINANCIAL INSTITUTIONS, Washington, DC The subcommittee met, pursuant to recess, at 11:20 am, in room
Page 98 - Section 204 of the law authorizing the Executive order: "Whoever willfully violates any order or regulation under this title shall be fined not more than $5,000." That does not sound like a self-executing arrangement to me. Would you agree the administration's description of the Executive order
Page 7 - determines that such action is necessary or appropriate for the purpose of preventing or controlling inflation generated by the extension of credit in an excessive volume, the Board may regulate and control any or all extensions of credit upon its own
Page 205 - Any person or organization which solicits deposits for a bank shall be bound by the rules contained in this section with respect to any advertisement, announcement or solicitation relating to such deposits. No such person or organization shall advertise a percentage yield on any deposit it solicits for a bank which is not authorized to be paid and advertised by such bank.

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