US FINANCIAL SYSTEM: U.S. Financial System

U.S. FINANCIAL SYSTEM A Call for a "Broad National Inquiry"

THE time has come to conduct a broad national inquiry into the nature, performance and adequacy of our financial system." Thus, in his State of the Union message last week (see NATIONAL AFFAIRS), President Dwight D. Eisenhower formally approved an increasingly debated project: a sweeping study of the nation's complex financial system—something along the lines of the Aldrich inquiries of 1908, which led to the formation of the Federal Reserve System.

The immediate reason for such a study is the rising chorus of...

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