Reserve Rate

Financial opinion is divided into two hostile camps on the question as to whether the present 4½% rediscount rate of the Federal Reserve banks can and should be maintained, in the face of many factors which would normally make for a speedy reduction in the rate.

One school, which includes the stock market fraternity, favors lower rates largely on the basis that it would provide a cause for an advance in the prices of bonds and other fixed investment securities, as well as for a speculative fillip...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!