Results 1 - 2 of 2 for PRIME [Author: Richard W. Lang]
Automatic Transfers and the Money Supply Process - Review
Since November 1, 1978, commercial banks have been permitted to offer a new type of individual savings account from which funds are transferred automatically into a checking account. This automatic transfer service (ATS) enables individual customers to earn interest on funds which previously would have been held in their checking accounts. The use of these new ATS accounts affects the payments system and the money supply process.
research.stlouisfed.org/.../review/1979/02/02/automatic-transfers-and-the-money-supply-process
The FOMC in 1978: Clarifying the Role of the Aggregates - Review
In its policy deliberations in 1978, the Federal Open Market Committee (FOMC) clarified the roles that the monetary aggregates play in policy considerations in two respects. The interpretation and emphasis to be placed on the FOMC’s two-month growth ranges of the monetary aggregates were clarified by changes in the wording of the domestic policy directive.
research.stlouisfed.org/.../1979/03/01/the-fomc-in-1978-clarifying-the-role-of-the-aggregates
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