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Banks Regaining U.S. Loan Role in 1947
William D. Horgan reports banks expanded lending to business and consumer sectors, reaching a record $14.5 billion in deposits by year end, while government securities holdings declined. The piece notes rising long term rates, higher loan costs, and policy debates on curbing inflation through consumer credit controls and reserve adjustments.
MENTIONED IN THIS ARTICLE
William D. Horgan
New York
Yiation
Federal Reserve System
Washington
Truman
Wall Street
Tion
Marriner S. ‘Eccles
Federal Reserve Board
Secondary Reserve
Eccles
Secretary of the Treasury
Synder
Congress
Federal “Reserve