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Government Seeks Swift Turnover of Gold Stocks
Washington December 29 The government moves to centralize US gold reserves with a pledge to turn over bullion and currency held outside Fed banks. The plan includes revaluation to 41.51 per ounce and potential seizure under the Thomas plan, while existing exemptions are narrowly limited. The total American monetary gold stock stands at about 4.441 billion dollars with over 528 million in public hands to be deposited.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Banks
Treasury
Thomas
Roosevelt
Secretary of the Treasury
Morgenthau
Reconstruction Finance Corporation
Federal Reserve Bank
United States
Treasury General Eee Enn
Treasury Gold
Reconstruction Finance Corp
Washington Washington
Capitol
Congress