Becker, S. K. (1996). Back from the brink the Greenspan years. New York: John Wiley & Sons.
McNamee, M. (1992, March 2). A break for banks that won't help consumers. Business Week, p. 31.
Humphrey, T. M. (1993). Kalder versus Friedman in historical perspective. In Money, banking and inflation, ed. T. M. Humphrey, pp. 144-157. Aldershot, ENG: Edward Elgar Publishing.
4. Relevance of the Bulletin to the field of money and financial market. The Bulletin covers only a very small piece of the field and of the Fed's activities to regulate the money supply and financial markets. For example, the Fed has an extremely important role in approving or disapproving bank mergers.
6. Strengths and weakness of the Bulletin. The Bulletin does a good job within the areas it covers; however, it only tangentially touches upon the potential ineffectiveness of Fed moves to control the money supply through the manipulation of bank reserves. The Bulletin mentions that the Fed does not pay interest on funds deposited by banks as reserves (pp. 2-3). Schroeder (1997) says that under the FDIC Improvement Act of 1991, Congress directed the Board of Governors to study the possibility of paying interest on reserves, but that no action has yet been taken by the Fed to implement this (p. 3-29). There have been occasions, such as in the recession of 1990-1992, when easing of reserve requirements have not been effective in inducing jittery bankers to make more loans; instead most of them put the freed-up reserves into interest-paying accounts (McNamee, 1992, p. 31). The Bulletin would have been more complete had it reported and analyzed the success or failure of past actions of the Fed with respect to the level of reserves.
Schroeder, M. R. (1995 and 1997 Supplement). The Law and Regulation of Financial Institutions Volume I. Boston: Warren, Gorham & Lambert.