U.S.A. GOLD POLICY
CHANGE BEGUN Quanlily Going to Banks I Aus. & N.Z. Cable Assn.] (Received September 13, 9.20 p.m.) WASHINGTON, September 12. The United States Treasury has temporarily reversed its gold slerlisation policy, which was begun on December 22nd, 1936, and under which it has accumulated 1385 million dollars. The Treasury has accepted Hie Federal Reserve Bank Board’s recommendation that 300 million dollars worth of gold be transferred from the inactive account to the deposit account, with the Federal Reserve Bank’s acting in a co-ordinated effort, to maintain the Administration's “easy money” policy.
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Grey River Argus, 14 September 1937, Page 5
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93U.S.A. GOLD POLICY Grey River Argus, 14 September 1937, Page 5
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