Marriner Stoddard Eccles30 April 1942
The Federal Reserve directs Reserve Banks to purchase Treasury bills offered at a fixed three-eighths percent discount rate, supporting wartime government financing and anchoring short-term interest rates.
United States of America · Economy / Federal Reserve. Chronological records rendered directly from the World History Database.
The Federal Reserve directs Reserve Banks to purchase Treasury bills offered at a fixed three-eighths percent discount rate, supporting wartime government financing and anchoring short-term interest rates.
This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.