Abstract

Everybody's Business: Snatch as Snatch Can
Hutchison, Keith | October 28, 1950 issue

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The action of the Federal Reserve Board of the U.S. in imposing fairly severe restrictions on installments and mortgage loans is perhaps the most effective restraining measure yet undertaken. It has already begun to slow down sales of automobiles and other consumers' durable goods and should before long deflate the housing boom to some extent. Sellers of durable goods are denouncing the Federal Reserve because the restriction of installment credit has curtailed their sales, which, of course, is just what it was intended to do. Real-estate interests and both building employers and unions are aggrieved by Regulation X, which provides for higher down payments on new houses.

See Also:

MORTGAGE loans; SALES; UNITED States. Federal Reserve Board; INSTALLMENT plan; CONSUMERS; UNITED States
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