The Federal Reserve System : a history
"This history begins with an overview of American banking practices before 1914. The events leading to the Reserve's creation and its early tribulations are then documented. Subsequent chapters track the Federal Reserve's role during times of financial and military crisis, its relationship to each presidential administration, and its changes in leadership over the years. The Alan Greenspan era is covered in detail, as are major changes in the Fed's operating procedures since the 1980s. An appendix lists all members of the Federal Reserve Board of Governors, from its formation until 2003"--Jacket
viii, 215 pages ; 23 cm
9780786418800, 078641880X
55738221
U.S. banking before the Federal Reserve
The Aldrich-Vreeland Act prevents a panic in 1914
Original uncertainty regarding exercise of Fed authority
The Federal Reserve's role in World War I
The discovery of a new tool for the Federal Reserve
The Fed in the 1920s
The Fed in the 1929-1933 contraction
Policy changes in the Roosevelt Administration
The Fed's role in World War II
The Fed between World War II and the Korean War
The Korean War and the accord with the Treasury
"Bills only" as an act of independence
Operation twist and President Kennedy's tax cut
Chairman Martin's battle with President Johnson over inflation
Nixon replaces Martin with Burns and inflicts price controls on the economy
Supply shocks in the 1970s make unemployment and inflation worse
Carter replaces Burns with Miller and inflation worsens
The Volcker era begins and the Fed gets control over all banks
Volcker's Fed slows inflation at a cost
Volcker is reappointed but there are changes on the board
The Greenspan era begins
The Fed's response to the thrift crisis
Economists dominate the board under Greenspan
Changes in the Fed's operating procedure after the 1980s
Appendix A : Membership of the Board of Governors of the Federal Reserve System, 1913-2003
Appendix B : Persons serving as Chairman of the Board of Governors