BANKING REFORM IN AMERICA
promoting business STABILITY (Received May 10, 8.40 p.m.) WASHINGTON. May 9. The House, by 271 voles to 110 passed the Administration's BanK Reform Bill, giving the Federal Reserve Board central banking powers. The measure, which now awaits Senate action, permits the board to fix the reserve that member banks must mnintain against deposits, and directs the board to use its powers to promote business stability.
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Press, Volume LXXI, Issue 21470, 11 May 1935, Page 15
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69BANKING REFORM IN AMERICA Press, Volume LXXI, Issue 21470, 11 May 1935, Page 15
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