Twenty years of Federal Reserve Policy / Seymour E. Harris.

VOLUME I. Asurvey of Federal Reserve policy -- Detailed contents, xxvii -- Introduction, 3 -- Part I. Bank rates and discount policy, 33 -- Introduction, 33 -- Chapter I. The penalty rate – historical, 36 -- Chapter II. Penalty rates – interpretation, 49 -- Chapter III. Effectiveness of bank rates, 64 -- Chapter IV. Objectives, 79 -- V. Structure of rates within the federal reserve district, 112 -- Chapter VI. Uniformity of bank rates in the united states, 125 -- Part II. Open market operations, 145 -- Chapter VII. Open market operations – history, 145 -- Chapter VIII. Open market operations - objectives and significance, 155 -- Chapter IX. Open market operations – concluded, 175 -- Part III. Moral suasion, 199 -- Chapter X. Methods, 201 -- Chapter XI. Examinations, information, and the lending policies of member banks, 215 -- Chapter XII. The use of federal reserve funds, 221 -- Chapter XIII. Moral suasion - other methods, 232 -- Chapter XIV. Control of inter-bank relations, 240 -- Chapter XV. Member-bank borrowing, 256 -- Part IV. Eligibility and acceptability introduction, 269 -- Chapter XVI. Limited significance of eligibility rules, 272 -- Chapter XVII. The failure of eligibility, 291 -- Part V. Acceptance policy, 317 -- Chapter XVIII. Acceptance policy, 317 -- Part VI. Gold and currency, 341 -- Chapter XIX. Gold and currency, 341 -- Chapter XX. Gold policy, 1921-32, 353 -- Chapter XXI. Reserves of reserve banks, 372 -- Chapter XXII. Reserves of member banks, 383 -- Chapter XXIII. Note policy, 397 -- Chapter XXIV. Foreign exchange management, 413 -- A brief summary, 421.

VOLUME II. Introduction, 435. – -- The Aftermath, 1929-33, 463. -- Part VII. Speculation and reserve policy, 1927-29. Chapter XXV. Discount policy, 1927-29, 471. -- Chapter XXVI. Non-banking funds and control, 488. -- Chapter XXVII. Member-bank indebtedness and investment policies of members, 493. -- Chapter XXVIII. Credit and the needs of trade, 499. -- Chapter XXIX. Open market policy — The first phase, August-December, 1927, 509. -- Chapter XXX. Open market policy and the movement of deposits, January-August, 1928, 514. -- Chapter XXXI. Open market policy, September-December, 1928 — A disastrous reversal of policy, 528. -- Chapter XXXII. The failure of moral suasion, January-September, 1929, 539. -- Chapter XXXIIII. A summary of the discussion of the movement of deposits, 552. -- Chapter XXXIV. Deposits and banking policy, 561. -- Chapter XXXV. Security loans, an interpretation of the figures, 569. -- Chapter XXXVI. Bankers’ balances and the problems of speculation and reserves, 585. -- A note on the absorption of credit in speculative security loans, 596. -- Part VIII. The aftermath, 1929-33. Chapter XXXVII. Obstacles to the fulfillment of objectives of open market operations, 615. -- Chapter XXXVIII. A survey of the open market operations from October, 1929 to June, 1932, 626. -- Chapter XXXIX. Rate policy and open market operations — A conflict? 632. -- Chapter XL. Acceptance policy and relations with foreign countries, 639. -- Chapter XLI. The process of liquidation, 1929-31, 645. -- Chapter XLII. October, 1929-may, 1932. An interpretation of monthly figures, 658. -- Chapter XLIII. Recent currency legislation, proposals, and the future, 682. -- Chapter XLIV. The end of liquidation? 699. -- Part IX. Appendices — Statistical analysis. A. Investment policies of reserve banks, 719. -- B. Gold, reserves, notes, 761. -- C. Inter-banking relationships, 771. -- D. Deposits and rediscounts and miscellaneous problems, 782. -- Sources of material for statistical tables, 799. -- Bibliography, 803. -- Addendum. The crisis: march, 1933, 825. -- Index, 853.