A History of the Bureau of the Public Debt: 1940-1990 with Historical Highlights from 1789-1939

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Bureau of the Public Debt, 1990 - 261 trang
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Trang 11 - The nature of the contract in its origin, is, that the public will pay the sum expressed in the security, to the first holder, or his assignee. The intent in making the security assignable, is, that the proprietor may be able to make use of his property, by selling it for as much as it may be worth in the market, and that the buyer may be safe in the purchase.
Trang 113 - The Treasury and the Federal Reserve System have reached full accord with respect to debt management and monetary policies to be pursued in furthering their common purpose to assure the successful financing of the Government's requirements and, at the same time, to minimize monetization of the public debt.
Trang 15 - ... States in matters which respected their internal police or for which their individual authority might be competent. The President should be at least thirty-five years of age, a citizen of the United States and an inhabitant of them for twenty-one years. He should have a private council, ' consisting of the President of the Senate, the Speaker of the House, the Judges of the Supreme Court and the heads of the executive departments. Its views should not be obligatory on him, nor release him from...
Trang 138 - Congress created new agencies - such as the Environmental Protection Agency, the Occupational Safety and Health Administration, and the Consumer Product Safety Commission - with broad responsibilities to reduce risks to public health, safety, and the environment.
Trang 81 - Bonds, the office of the Commissioner of the Public Debt, the Division of Loans and Currency, the office of the Register of the Treasury, the Division of Public Debt Accounts and Audit, the Division of Savings Bonds...
Trang 57 - What now perplexes the Secretary is not wherefrom he may get revenue and enough for the pressing needs of the Government, but whereby he shall turn back into the flow of business the more than enough for those needs that has been drawn from the people.
Trang 40 - ... and five-twenties ; so named, the first from their rates of interest, and the second from their periods of payment. The plan of distributing the seven-thirties was that of employing a large number of agents in many places, and directing their action from the Department. It worked well for a time, but was soon found inadequate to the financial necessities of the government. For the distribution of the five-twenties, therefore, a different plan was adopted. After ascertaining, by inquiry, that...
Trang 11 - A composition, then, is the only expedient that remains; let it be a liberal one in favor of the present holders, let them have the highest price which has prevailed in the market ; and let the residue belong to the original sufferers. This will not do perfect justice ; but it will do more real justice, and perform more of the public faith, than any other expedient proposed.
Trang 133 - ... for transfer, a dividend mandate, and a voting proxy. A formal receipt was given the decedent by the Treasury, which receipt stated that the stock had been placed "at the disposal" of the Treasury pursuant to the Act and the Regulations. The Treasury sent the shares of stock to New York where they were deposited with the Federal Reserve Bank of New York to be held by it as collateral for the Reconstruction Finance Corporation loan to the British Government. The stock is still held by that bank...
Trang 91 - Committee directed the twelve Federal Reserve Banks to purchase for the System Open Market Account all Treasury bills offered, at a rate of three-eighths of one per cent per annum.

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