After the Accord A History of Federal Reserve Open Market Operations, the US Government Securities Market, and Treasury Debt Management from 1951 to 1979
Book contents
- After the Accord
- Studies in Macroeconomic History
- After the Accord
- Copyright page
- Dedication
- Contents
- Charts
- Tables
- Boxes
- Foreword
- Acknowledgments
- Treasury Officials
- Federal Reserve Officials
- The Many Varieties of Dealer
- 1 Introduction
- Part I The System and the Market in the 1940s
- Part II The Accord and Its Aftermath
- Part III The New Regime
- Part IV Summer 1958 and Its Consequences
- Part V The End of Bills Preferably
- Part VI The 1960s
- Part VII Updating Market Infrastructures
- Part VIII The 1970s
- Contents
- 28 Treasury Debt Management in the 1970s
- 29 Monetary Policy in the 1970s
- 30 Open Market Operations in the 1970s
- Part IX Infrastructure in the 1970s
- References
- Index
28 - Treasury Debt Management in the 1970s
from Part VIII - The 1970s
Published online by Cambridge University Press: 14 January 2021
Book contents
- After the Accord
- Studies in Macroeconomic History
- After the Accord
- Copyright page
- Dedication
- Contents
- Charts
- Tables
- Boxes
- Foreword
- Acknowledgments
- Treasury Officials
- Federal Reserve Officials
- The Many Varieties of Dealer
- 1 Introduction
- Part I The System and the Market in the 1940s
- Part II The Accord and Its Aftermath
- Part III The New Regime
- Part IV Summer 1958 and Its Consequences
- Part V The End of Bills Preferably
- Part VI The 1960s
- Part VII Updating Market Infrastructures
- Part VIII The 1970s
- Contents
- 28 Treasury Debt Management in the 1970s
- 29 Monetary Policy in the 1970s
- 30 Open Market Operations in the 1970s
- Part IX Infrastructure in the 1970s
- References
- Index
Summary
Describes the circumstances that prompted the introduction of Treasury note and bond auctions in 1970 and the gradual introduction of regular and predictable offerings of coupon-bearing debt beginning in 1972. Elimination of fixed-price offerings allowed the FOMC to terminate the practice of “even keeling.”
Keywords
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- After the AccordA History of Federal Reserve Open Market Operations, the US Government Securities Market, and Treasury Debt Management from 1951 to 1979, pp. 425 - 457Publisher: Cambridge University PressPrint publication year: 2021