Federal Reserve Policy and Open Market Actions During the Depression (1929–1935)

1. Fed tightens to curb stock-market speculation

   Jul 1, 1928Labels: Federal Reserve, Open Market

   • FRBSF
   • FRED

2. New York Fed discount rate peaks at 6%

   Oct 1, 1929Labels: New York, Discount Rate

   • FRED
   • FRBSF

3. Discount rates cut sharply as recession deepens

   Jun 1, 1931Labels: New York, Discount Rate

   • FRED
   • FRASER

4. Britain leaves gold standard; Fed defends U.S. gold

   Oct 1, 1931Labels: United Kingdom, Gold Standard

   • FedHistory
   • FRED

5. Reconstruction Finance Corporation created to backstop lending

   Jan 22, 1932Labels: Reconstruction Finance, Congress

   • FedHistory

6. Glass–Steagall Act of 1932 expands Fed lending collateral

   Feb 27, 1932Labels: Glass Steagall, Federal Reserve

   • Wikipedia

7. Fed launches large-scale open market purchases

   Apr 1, 1932Labels: Federal Reserve, Open Market

   • FedHistory

8. Emergency Banking Act enlarges Fed powers during bank holiday

   Mar 9, 1933Labels: Emergency Banking, Franklin D

   • FedHistory

9. Banking Act of 1933 reforms banks and deposit safety

   Jun 16, 1933Labels: Banking Act, FDIC

   • FedHistory

10. Gold Reserve Act shifts monetary gold to the Treasury

    Jan 30, 1934Labels: Gold Reserve, U S

    • FedHistory
    • FedFAQ

11. Marriner Eccles appointed to lead the Federal Reserve Board

    Nov 15, 1934Labels: Marriner Eccles, Federal Reserve

    • FedHistory

12. Banking Act of 1935 centralizes open market control in the FOMC

    Aug 23, 1935Labels: Banking Act, FOMC

    • FedHistory
    • Wikipedia