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Prof. Conway Tells How Reserve Requirements Will Affect Them Under New Law.


Prof. Thomas Conway, Jr., in charge of the courses on money and banking at the Wharton School of Finance and Commerce, in addressing the Tennessee Bankers’ Association at Chattanooga on the way in which country banks — that is, all those outside of reserve and central reserve cities — will be affected by the new Federal reserve system, explained the reduction in reserve requirements and said:

Source : query.nytimes.com



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