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
- Contents
- 15 The Summer 1958 Treasury Financings
- 16 Innovations in Treasury Debt Management
- 17 The Treasury-Federal Reserve Study of the Government Securities Market
- Part V The End of Bills Preferably
- Part VI The 1960s
- Part VII Updating Market Infrastructures
- Part VIII The 1970s
- Part IX Infrastructure in the 1970s
- References
- Index
16 - Innovations in Treasury Debt Management
from Part IV - Summer 1958 and Its Consequences
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
- Contents
- 15 The Summer 1958 Treasury Financings
- 16 Innovations in Treasury Debt Management
- 17 The Treasury-Federal Reserve Study of the Government Securities Market
- Part V The End of Bills Preferably
- Part VI The 1960s
- Part VII Updating Market Infrastructures
- Part VIII The 1970s
- Part IX Infrastructure in the 1970s
- References
- Index
Summary
Describes the response of Treasury officials to criticism of its debt management policies and operating procedures. Describes the extension of regular and predictable auction offerings from thirteen-week bills to twnety-six-week and one-year bills, the introduction of cash (rather than exchange) refundings, and the introduction of advance refundings.
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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. 236 - 255Publisher: Cambridge University PressPrint publication year: 2021