Congressional Oversight of the Federal Reserve System: Hearing Before the Subcommittee on Domestic Finance of ... , 92-1 ... , September 27, 1971 |
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$65 billion agency paper American Bankers Association American Bankers Association__ American Institute amount answer appropriated funds audit authority Bank Administration Institute_ bank organization related bank reserves Bankers Association_ Board of Governors bonds BURNS canceled Chairman Patman city bank associations city bank associations_ Congress costs debentures direct obligations dues and contributions employees Federal agency issues Federal Government Federal Open Market Federal Reserve Act Federal Reserve Bank Federal Reserve Board Federal Reserve notes Federal Reserve System GETTYS going housing inflation initial guidelines Institute of Banking issues outstanding market for agency meeting member banks ment Minneapolis monetary policy officers Open Market Committee open market operations paid for once payments percent questionable expenditures repurchase agreements Robert Morris Associates__ secondary market sell statement System open market System transactions thrift plan tions Total transactions in agency Treasury issues Treasury securities U.S. Government WIDNALL William McChesney Martin
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31 페이지 - All such attorneys, experts, assistants, clerks, and other employees shall be appointed without regard to the provisions of the Act of January sixteenth, eighteen hundred and eighty-three (volume twenty-two, United States Statutes at Large, page four hundred and three), and amendments thereto, or any rule or regulation made in pursuance thereof : Provided, That nothing herein shall prevent the President from placing said employees in the classified service.
19 페이지 - Bank notes and guaranteed participation certificates; (9) Farmers Home Administration insured notes; (10) Notes fully guaranteed as to principal and interest by the Small Business Administration; (11) Federal Housing Administration debentures; (12) District of Columbia Armory Board bonds; (13) Tennessee Valley Authority bonds and notes; (14) Bonds and notes of local urban renewal or public housing agencies fully supported as to principal and interest by the full faith and credit of the United States...
37 페이지 - ... (RS section 3477; May 27, 1908, c. 206, 35 Stat. 411.) Furthermore, the act of June 20, 1874, 18 Stat. 109, provides that no such civil officer of the Government shall receive any compensation or perquisites, directly or indirectly, from the Treasury or property of the United States beyond his salary or compensation allowed by law.
20 페이지 - Except as otherwise provided by law, sums appropriated for the various branches of expenditure in the public service shall be applied solely to the objects for which they are. respectively made, and for no others.
27 페이지 - Mr. PATMAN. Now then, Mr. Martin, isn't it a fact that these Federal Reserve notes that you issue and exchange for these bonds are obligations of the US Government, just as are the bonds? "Mr. MARTIN. That is right. "Mr. PATMAN. In other words, each note says on its face : 'The United States promises to pay to bearer on demand so many dollars.
32 페이지 - States under the provisions of the preceding proviso. (2) To buy and sell in the open market, under the direction and regulations of the Federal Open Market Committee, any obligation which is a direct obligation of, or fully guaranteed as to principal and interest by, any agency of the United States.
34 페이지 - Federal Reserve banks and their branches. However, the Banking Act of 1933 removed the GAO's authority to audit the Board. The Board does maintain a staff of examiners who audit the...