Federal reserve policy - making : a study in government economic policy formation / George Leland Bach.

Part one. Federal reserve organization and policy responsibilities, 3 -- Chapter I. Development of federal reserve functions, 3 -- Chapter II. Structure of the federal reserve system, 21 -- Chapter III. The role of monetary policy, 32 -- Part two. Internal Policy Formation, 53 -- Chapter IV. Open-market operations, 53 -- Chapter V. Reserve requirements, discount rates, and selective controls, 72 -- Chapter VI. Bank supervision, 91 -- Chapter VII. Direct lending and loan guarantees, 111 -- Chapter VIII. The system's policy-makers, 119 -- Part three. External Relations in Policy-Making, 131 -- Chapter IX. Monetary policy: external relations, 131 -- Chapter X. Bank supervision: external relations, 165 -- Part four. Analysis.' The Lessons of Monetary Experience, 177 -- Chapter XI. The impact of organization on policy, 177 -- Chapter XII. The problem of policy coordination, 186 -- Chapter XIII. The problem of federal reserve "independence", 208 -- Chapter XIV. Federal reserve organization and policy-making procedures, 221 -- Chapter XV. The problem of bank supervision, 244 -- Appendix, 263 -- Index, 282.