It operates upon each bank and furnishes a motive for the withdrawal of currency from the channels of trade by each bank to save itself, and offers no inducement whatever for the use of the reserve to expand the supply of currency to meet the exceptional demand.
Taft discusses the negative impact of reserve requirements on currency supply during exceptional demand in his 1930 address.
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I can not close this message without inviting the attention of Congress again to the necessity for the erection of a building to contain the public archives.
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Now that they can be studied and understood—all the business men who touch the decision in any way will conduct their business hereafter according to the law.
The purpose of this exclusion is to restore the Hoopa Valley Indian Reservation in all respects to the status existing prior to the said proclamation of March 2, 1909, as though the inclusion of the lands within the Trinity National Forest…
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