GOLD POLICY
TEMPORARY REVERSAL UNITED STATES TREASURY (Received September 13, 5.5 p.m.) WASHINGTON. Sept. IB 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 '■ to transfer 300,000,000 dollars from the inactive account to the deposit account with the reserve banks, -in a co-ordinated effort to maintain the Administration's "easy money" policy. -X
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Bibliographic details
New Zealand Herald, Volume LXXIV, Issue 22833, 14 September 1937, Page 9
Word Count
71GOLD POLICY New Zealand Herald, Volume LXXIV, Issue 22833, 14 September 1937, Page 9
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