Abstract

Finance
Bores, William Justus | August 31, 1918 issue

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The problem of the money market has become largely the problem of financing the war during the period of the year when borrowers everywhere seek accommodation. For this reason the unusual campaign started by the U.S. Federal Reserve Board and supported by chambers of commerce and trade organizations, to "conserve credits" and to restrict loans to borrowers whose needs relate chiefly to the financing of war necessities, is of great importance to the country. No fifteen months in the history of the American money market have been so full of sensational developments as have the months that have elapsed since the Government issued its first Liberty Loan on June 15, 1917.

See Also:

MONEY market; WAR -- Economic aspects; UNITED States. Federal Reserve Board; MONEY market funds; MONEY supply; UNITED States
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