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Bank Financing of the Recovery - Review

While recovery periods display many common characteristics, each such period has its own unique features which distinguish it from other recoveries. A unique feature of the current recovery period is the lack of growth of bank loans. In previous recoveries, total loans of commercial banks have increased soon after recession troughs; in the current recovery period, total loans have remained essentially unchanged since the March 1975 trough in economic activity.

research.stlouisfed.org/publications/review/1976/07/01/bank-financing-of-the-recovery

Will the Removal of Regulation Q Raise Mortgage Interest Rates? - Review

This article presents a brief history of deposit interest rate ceilings in the United States and their effects. It then describes the process established by recent legislation for eliminating ceilings and its likely impact on the interest rates.

research.stlouisfed.org/.../12/01/will-the-removal-of-regulation-q-raise-mortgage-interest-rates

Effects of Interest on Demand Deposits: Implications of Compensating Balances - Review

Legislation is being considered which would allow depository financial institutions throughout the nation to offer to households interest-paying checking accounts, more popularly known as NOW (Negotiable Order of Withdrawal) accounts. Bankers, in general, are concerned about the effects on earnings of such a regulatory change. Several studies of NOW accounts, however, suggest that this concern may be unjustified, as only small earnings effects have been detected in areas where NOW accounts are currently permitted.

research.stlouisfed.org/.../

Stabilization Policies and Employment - Review

Real output declined and the unemployment rate rose during 1970. The restrictive monetary and fiscal policies initiated in late 1968 had an impact on aggregate demand which affected output more than prices.

research.stlouisfed.org/publications/review/1971/02/01/stabilization-policies-and-employment

The Puzzling Behavior of Business Loans in the Current Recession - Review

This article investigates whether the total funds raised by nonfinancial business firms have increased at an unusually rapid rate during this recession. 

research.stlouisfed.org/.../11/01/the-puzzling-behavior-of-business-loans-in-the-current-recession

The FOMC in 1980: A Year of Reserve Targeting - Review

On October 6, 1979, the Federal Reserve announced the beginning of a new approach to the implementation of monetary policy it would attempt to achieve better control of the growth of the monetary aggregates by “placing greater emphasis in day-to-day operations on the supply of hank reserves and less emphasis on confining short-term fluctuations in the federal funds rate.” 

research.stlouisfed.org/.../review/1981/08/01/the-fomc-in-1980-a-year-of-reserve-targeting