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Far reaching currency law reshapes U S banking system
Washington reports a sweeping new currency act aims to overhaul banking and finance. It creates regional reserve banks, requires member banks to hold reserves, and introduces treasury notes backed by gold and bank paper. The plan details reserve ratios, open market operations, and public stock in regional banks with a gradual shift from national to regional authority.
MENTIONED IN THIS ARTICLE
Washington
Secretary of the Treasury
Secretary of Agriculture
Naional
New York
Chicago
St. Louie
Tien
Wih Regional Reserve Bank
Relonal Reserve Bank
United States
Geys Erement
Rénerve
Fod Fel
Fedarel Re
Cumedy Shiuid
Treasury
Regional Reserve Bank
Federal Reserve
Trea. Ory
Acral Reserve Boards
Federal Reserve Distriet
Federal Reserve Board