Federal Reserve Foreign Bank: Stabilizing The Dollar Exchange In Neutral Countries. Hearings ... 65th Cong., 2d Sess. On S. 3928, A Bill To Amend The (Paperback) (ISBN-13: 9781246410037)

This volume presents the hearings before the United States Senate Committee on Banking and Currency during the 65th Congress, 2nd Session, concerning S. 3928, a bill to amend the Federal Reserve Act. The hearings, held in June 1918, focus on stabilizing the dollar exchange in neutral countries through the establishment of a "Federal Reserve Foreign Bank."

The detailed testimonies and discussions provide valuable insights into the economic and political considerations surrounding international finance during World War I. Key topics include the role of the Federal Reserve in managing foreign exchange rates and the impact of the war on global financial stability. This historical record offers a unique perspective on the challenges and strategies employed to maintain economic equilibrium during a period of unprecedented global upheaval.

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