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Diane Publishing Books
Why the U.S. Treasury Began Auctioning Treasury Bills in 1929: A Reprint from the “Economic Policy Review”
Kenneth D. Garbade (au)
Explains that the Treasury began auctioning bills to mitigate flaws in the structure of its financing operations that had become apparent during the 1920s. The flaws included the underpricing of new issues to limit the risk of a failed offering; borrowing in advance of actual requirements, resulting in negative carry on Treasury cash balances at commercial banks; and the redemption of maturing issues in advance of tax receipts, resulting in short-term borrowings from Federal Reserve Banks that sometimes led to transient fluctuations in reserves available to the banking system and undesirable volatility in overnight interest rates. Tables and graphs.
My Father, My Self: Understanding Dad’s Influence on Your Life
War of the Rebellion: Official Records of the Union & Confederate Armies: Series I, Volume I
Small Sects in America (rev. ed.)
Fabric of the Future: Women Visionaries Illuminate the Path to Tomorrow
Peter Pan: The Original Tale of Neverland
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