U.S.A. GOLD POLICY
Co-ordination to Maintain “Easy Money” Plan
(Received September 13, 7.45 p.m.)
Washington, September 13.
The Treasury has temporarily reversed its gold sterilisation policy begun on December 22, 1936, under which it accumulated 1.385,000,000 dollars. It has accepted the Federal Reserve Board’s recommendation that 300,000,000 dollars be transferred from the inactive account to a deposit account with the Reserve Banks in a co-ordin-ated effort to maintain the Administration’s “easy money” policy.
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https://paperspast.natlib.govt.nz/newspapers/DOM19370914.2.141
Bibliographic details
Dominion, Volume 30, Issue 299, 14 September 1937, Page 12
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73U.S.A. GOLD POLICY Dominion, Volume 30, Issue 299, 14 September 1937, Page 12
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