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Appendix B - Legislation Included in Table 7.1

Published online by Cambridge University Press:  01 June 2011

John T. Woolley
Affiliation:
University of Washington
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Summary

The following legislative actions are included in Table 7.1 but are not discussed in the accompanying text. The discussion in the text is limited to entries indicated in column 4, legislation passed by both houses of Congress. Actions included here are selected on the basis of several criteria: Legislation must involve monetary policy or the structure of the Federal Reserve. Routine oversight is excluded, but other oversight hearings are included, usually in column “o.” Some legislation dealing with bank regulation is cited here, but only if it also included portions dealing with the structure of the Federal Reserve (e.g., the FINE hearings). Bank regulatory matters (e.g., electronic funds transfers, bank holding companies, interstate banking) are excluded despite the fact that financial innovation may have implications for monetary management. For this reason, many hearings in 1978–80 preparing the way for the eventual DIDMCA legislation are not reflected in this table. Despite the political importance of DIDMCA, as discussed in Chapter 4, it is excluded here. That decision could be debated, but given the legislative purposes this table is intended to represent (see the following text) it is consistent with the criteria governing other inclusions and exclusions.

Type
Chapter
Information
Monetary Politics
The Federal Reserve and the Politics of Monetary Policy
, pp. 203 - 207
Publisher: Cambridge University Press
Print publication year: 1984

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