Memorandum: Regulation of Interest Rates on Time and Savings Acco.pdf.pdf' (521.7 kB)
Download file

Memorandum: Regulation of Interest Rates on Time and Savings Accounts

Download (521.7 kB)
journal contribution
posted on 01.07.1968, 00:00 by Allan MeltzerAllan Meltzer

Public Law 89-597 permits the Directors of the Corporation to "limit by regulation the rates of interest or dividends that may be paid by insured nonmember banks," Passed as temporary legislation shortly after the peak of the so-called money market crisis of August 1966, the law will empire at the end of one year. The question arises as to Aether Public Law 89-597 should be renewed, amended, or allowed to expire.

History

Date

01/07/1968

Usage metrics

Exports