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Y 4. B22': M 7424
CONDUCT OF MONETARY POLICY

5-1

STANFORD
UBRARIES

p 30- 81

HEARINGS

BEFORE THE

COMMITTEE ON
BANKING, FINANCE AND URBAN AFFAIRS

HOUSE OF REPRESENTATIVES

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U.S. GOVERNMENT PRINTING OFFICE

84-209 O

WASHINGTON : 1977

HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS

HENRY S. REUSS, Wisconsin, Chairman THOMAS L. ASHLEY, Ohio

J. WILLIAM STANTON, Ohio WILLIAM S. MOORHEAD, Pennsylvania GARRY BROWN, Michigan FERNAND J. ST GERMAIN, Rhode Island CHALMERS P. WYLIE, Ohio HENRY B. GONZALEZ, Texas

JOHN H. ROUSSELOT, California JOSEPH G. MINISH, New Jersey

STEWART B. MCKINNEY, Connecticut FRANK ANNUNZIO, Illinois

GEORGE V. HANSEN, Idaho JAMES M. HANLEY, New York

HENRY J. HYDE, Illinois PARREN J. MITCHELL, Maryland

RICHARD KELLY, Florida WALTER E. FAUNTROY,

CHARLES E. GRASSLEY, Iowa District of Columbia

MILLICENT FENWICK, New Jersey STEPHEN L. NEAL, North Carolina

JAMES A. S. LEACH, Iowa JERRY M. PATTERSON, California

NEWTON I. STEERS, JR., Maryland JAMES J. BLANCHARD, Michigan

THOMAS B. EVANS, JR., Delaware CARROLL HUBBARD, JR., Kentucky BRUCE F. CAPUTO, New York JOHN J. LAFALCE, New York

HAROLD C. HOLLENBECK, New Jersey
GLADYS NOON SPELLMAN, Maryland
LES AUCOIN, Oregon
PAUL E. TSONGAS, Massachusetts
BUTLER DERRICK, South Carolina
MARK W. HANNAFORD, California
DAVID W. EVANS, Indiana
CLIFFORD ALLEN, Tennessee
NORMAN E. D'AMOURS, New Hampshire
STANLEY N. LUNDINE, New York
HERMAN BADILLO, New York
EDWARD W. PATTISON, New York
JOHN J. CAVANAUGH, Nebraska
MARY ROSE OAKAR, Ohio
JIM MATTOX, Texas
BRUCE F. VENTO, Minnesota
DOUG BARNARD, Georgia
WES WATKINS, Oklahoma

PAUL NELSON, Clerk and Staff Director
WILLIAM P. Dixon, General Counsel
MICHAEL P. FLAHERTY, Counsel

GRASTY CREWS II, Counsel
MERCER L. JACKSON, Minority Staff Director
GRAHAM T. NORTHUP, Deputy Minority Staff Director

(II)

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