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Money tightening under way to curb debt growth
New York reports a fresh round of monetary restraint aimed at slowing the surge in total debt in 1955. Federal Reserve banks raise lending costs while other banks raise short-term funding. Banks, CCC price supports, and finance firms edge rates higher as authorities seek to blunt speculative borrowing ahead of fall and Christmas commerce.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Banks
Cleveland
Atlanta
St. Louis
Reserve
Commodity Credit Corp
Federal Reserve System