1960 Memos
January 7

Interest Rates, Cyclical Expansion and Economic Growth (PDF)

January 7

Information Program for the Government Securities Market (PDF)

January 11

Timing of Treasury Financings in Calendar 1960 (PDF)

January 21

A Proposed Program for the Collection of Statistics on the United States Government Securities Market (PDF)

February 5

Revision in Statement of Operating Policies (PDF)

February 24

Background Material re FOMC Continuing Operating Policies (PDF)

February 24

Suggested Changes in Procedures in Allocation of Securities in SOMA (PDF)

  • Suggested Changes in Procedures in Allocation of Securities in SOMA
  • Pro Forma Allocation

February 25

Agenda of Issues Relating to the FOMC Statement of Continuing Operating Policies (PDF)

March 7

Committee discussion (Executive Session) on March 1, 1960, concerning the Committee’s statement of continuing operating policies and also the wording of its current directive to the Manager of the Account (PDF)

March 11

Notes on Discussion of Operating Policies (PDF)

March 18

Recent Government of Canada Financing (PDF)

March 18

System Help in Treasury Refinancings (PDF)

April 8

Draft of Proposed Letter to 21 Senators (PDF)

April 26

Treasury Bill Rate, Member Bank Borrowings and Free Reserves (PDF)

April 26

Draft Letter to Under Secretary Baird Re Treasury Refunding (PDF)

May 3

Financial and Operating Data. United States Government Securities Dealers (PDF)

May 12

The "Non-borrowed Reserves" Concept and its usefulness in the first fifteen weeks of Calendar 1960 (PDF)

May 13

Letter from Aubrey Lanston & Co. Re Goverment Securities Statistics (PDF)

May 19

Letter to Aubrey Lanston & Co., Re Government Securities Statistics (PDF)

May 20

SOMA Transactions in July 15, 1960 Quarterly Treasury Bills (PDF)

May 25

Flow of Funds Data for Q1 1960 (PDF)

June 10

SOMA Transactions in July 15, 1960 Quarterly Treasury Bills (PDF)

June 20

Money Supply and Liquidity (PDF)

July 1

SOMA Transactions in July 15, 1960 Quarterly Treasury Bills (PDF)

July 1

Standardized Financial Statements for Government Securities Dealers (PDF)

July 1

Total Reserves and Non-borrowed Reserves (PDF)

July 15

Comments on Suggestion that System Purchase Short-Term Securities Other than Bills (PDF)

August 2

Operations in Short-Term Securities Other than Treasury Bills (PDF)

September 12

Quarterly Dealer Data Summaries (PDF)

September 30

Announcement from September 1960 Treasury Bulletin (PDF)

November 14

Instructions to the Desk--FOMC (PDF)

November 28

The Practical Logic of "Bills Preferably" (PDF)

December 1

The Why's and Wherefore's of Bills Preferably (A "Capsule" Discussion) (PDF)

December 9

Governor Robertson's Views on Open Market Operations during the Period October 25 to November 21, 1960 (PDF)

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Last Update: May 28, 2020