Creator: Duprey, James N. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 71 Abstract:
This paper briefly recounts several of the key financial developments of 1974, describes the contingency planning exercise developed by the Minneapolis Federal Reserve Bank to encourage planning by large member banks, and then discusses some of the comments received in a trial run. The Appendix contains a copy of the exercise together with an illustrative example.
Keyword: Banking, Emergency lending program, Contingency planning, 1974 banking crisis, and Loss of confidence Subject (JEL): G21 - Financial institutions and services - Banks ; Other depository institutions ; Micro finance institutions ; Mortgages, G28 - Financial institutions and services - Government policy and regulation, and E58 - Monetary policy, central banking, and the supply of money and credit - Central banks and their policies