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BURBELL, 0. K. Savings bonds in personal investment programs, THE JOUHNAL OF FINANCE, VIII, No. 2, Hay, 1953, pp. 212- 223. Discussion: by Herbert E. Dougfcll, ibid., pp. 224-5 Treasury Financing—Technical Aspects Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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Page 1: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

BURBELL, 0. K.

Savings bonds in personal investment programs, THE JOUHNAL OF FINANCE, VIII, No. 2, Hay, 1953, pp. 212-223. Discussion: by Herbert E. Dougfcll, ibid., pp. 224-5

Treasury Financing—Technical Aspects

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Page 2: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

M Hubbard^ Joseph B.

Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

Analysis of the distribution of the federal debt among banks and other holders. 40% of the national <&bt is still lodged in the hands of non-bank holders, but fairly prompt balancing of the budget is increasingly desirable.

U.S.-Finance-Public debt

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Page 3: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

VALLICH, H. C.

Public debt and income flow, in Public Finance and Full Employment [POSTWAR ECONOMIC STUEIES !Io. 3], Washington: B/G of FR System,

1945.

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Page 4: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

VICKENS, Aryness Joy

The Public Debt and National Income, AMERICAN ECONOMIC REVIEW, SUPPLEMENT, XXXVII, No. 2, May, 1947, ?p. 134-191.

Discussion: L. H. Seltzer, Susan S. Burr, R. J, Saulnier, E. A. Goldenweiser, ibid,, pp. 192-204.

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Page 5: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

VOODWARD, Donald B.

Public Debt and Institutions, AMERICAN ECONOMIC REVIEW, SHRFLEMENT, XXXVII, No. 2, May, 1947, pp. 157-133.

Discussion: L. H. Seltzer, Susan S. Burr, R. J. Saulnier, E. A. Goldenveiser, ibid., pp. 192-20^.

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Page 6: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

INSTITUTIONAL SAVING/INVESTMENT PROCESSES: IM­PLICATIONS FOR MONETARY CONTROL

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Page 7: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

Committee on Public Debt Policy

OUR NATIONAL DEBT AND LIFE INSURANCE. National Debt Series No. 6. New York: The Committee, March, 1948.

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Page 8: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

CONKLIN, George T., Jr.

Treasury financial policy from the institutional point of viev, JOUBNAL OF FINANCE, VIII, May, 1953, PP. 226-234.

Discussion: by Hervert E. Dougall, ibid., pp. 235-237.

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Page 9: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

CONKLIN, George T., Jr.

Treasury financial policy from the institutional point of view, THE JOURNAL OF FINANCE, VIII, No. 2, Hay, 1953, pp. 226-234-

Discussion: by Herbert E. Douglall, ibid., pp. 235-7

Treasury financing—technical aspects

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Page 10: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

COTTLE, C. Sidney and WHITMAN, V. T.

Formula Plans and the Institutional Investor, HARVARD BUSINESS BEVIEtf, XXVIII, July, 1950, pp. 84-96.

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Page 11: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

FROST, R.

Some implications of the growth of investment by institutions, 3938-53 (Great Britain), OXFORD ECONOMIC

PAPERS, Vol* no, 1, February, 1955, pp. 1-11.

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Page 12: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

FROST, R.

Some implications of the growth of investment by i n s t i t u t i o n s , 1938-53, OXFORD ECONOMIC PAPERS, Vol. 7, No. 1, February, 1955, pp. 1-10.

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Page 13: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

FULCHER, Gordon S.

Life insurance savings of American families, REVIEW OF ECONOMIC STATISTICS, Vol. XXVI, May, 1944, pp. 93-4.

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Page 14: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

GEREN, Paul

The contribution of life insurance to the savings stream, THE JOUBNAL OF POLITICAL ECONOMY, LI, No. 1, February, 1943, pp. 33-51.

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Page 15: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

GUELET, John G* and SHAV, Edward S*

Financial Intermediaries and the Savin|f^Investment Process, THE JOURNAL OF FININCE, XI, May, 1956, pp, 257-276.

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Page 16: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

GUTHMANN, H. G.

Financial institutions as a factor in fiscal policy, in FISCAL POLICIES ANB THE AMERICAN ECONOMT, ed. by K. E. Poole. New York: Prentice-Hall, 1951. pp. 252-309.

Public debt policy - and economic stability

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Page 17: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

cnwum, E. G. Financial institutions as a rector in fiscal

policy, in FISCAL POLICIES AND THE AMERICAN ECONOMY, ed. by K. E. Poole. New Xorkt Prentice-Hall, 1951.

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Page 18: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

GUTHMANN, H. G.

The movement of debt to institutions and its implications for the interest rate, JOURNAL OF FINANCE,

March, 1950. pp. 70-87. 12 pp.

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Page 19: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

GUTHMAM, H. G.

The movement of debt to institutions and its implications for the interest rate, JOURNAL OF FINANCE,

March, 1950.

12 pp.

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Page 20: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

HOOVER, Edgar M.

Some institutional factors in business investment decisions, AMERICAN ECONOMIC REVIEW, SUPPLEMENT, Vol. U , May, 1954, pp. 201-213.

Discussion: by James M. Buchanan, J. Curt Victorius, and Howard R. Bowen, ibid., pp. 229-235.

Growth decisions in the American economy (theory of the firm)

^\>e%tm*+ft J*f *** /<***A^

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Page 21: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

JONES, Homer (CED)

The Flow of Savings. Pts. I and II. JOURNAL OF FINANCE, III, No. 3, October, 194S, pp. 1-26; Vol. IV, No. 1, March, 1949, pp. 28-46.

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Page 22: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

JONES, Homer

The optimum rate of investment, the savings insti­tutions, and the banks, AMERICAN ECONOMIC REVIEW, 30PPLEHBIT, vol. 38, May, 1948, pp. 321-339.

Discussion by M. A. Copeland, ibid., pp, 351-356.

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Page 23: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

JONES, Homer

The optimum rate of Investment, the savings inst i tut ions, and the banks, AMERICAN ECONOMIC REVIEW, SUPPLEMENT, vol, 38, Part 2, May, 1948, pp. 321-339.

institutional investment

Discussion: by Morris A. Copeland, ibid*, pp* 351-356.

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Page 24: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

JOKES, Hcxner

"Ihe Optimum Rate of Investment, Savings Institutions and the Banks,• AMERICAN ECONOMIC REVIEW, Supplement, vol* 3&f May 194#, PP* 327-329.

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Page 25: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

JONES, Homer (then with CED)

Investment Prospects, JOURNAL OF FINANCE, Vol. II, No. 1, April, 1947, pp. 15-33.

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Page 26: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

KEISTER, A.S,

OUR FINANCIAL SYSTEM: AN INTRODUCTORY TEXT New York: Macmillan, 1930, Pp. xv, U93.

account of U.S. financial organizations and habits.

Opening chaps, on U.S. monetary system Parts II Financial policies of a business

III Financial instruments and their uses IV Financial institutions (about 1/2 of book) —activities of bldg. and loan assn.s, bond houses, insurance cos., commercial banks, etc.

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Page 27: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

LAV AND CONTEMPORARY PROBLEMS. A Symposium

INSTITUTIONAL INVESTMENTS. Durham: School of Lav, LAW AND CONTEMPORARY PROBLEMS, Winter, 1952. 252 pp.

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Page 28: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

Schmidt, C. H. and E#

J. Stockvrells

The changing importance of insti­

tutional investors in the Americaa

capital market

OfLeary, J.J., Trends of yeilds on

the investments of financial

institutions

Coleman, G. W., Lending and in­

vestment practices of commercial

banks.

Githmann, Institution investment

and the problem of equity

financing

Murray, R. F*, Federal debt manage­

ment and the institutional investor

•8

E §

S &

ta ft 1

3

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Page 29: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

LAV AND CONTEMPORARY PROBLEMS

Symposium on Institutional Investments. Durham: Duke University School of Law, 1951 •

Schmidt, C. H. and E. J. Stockwell: The changing importance of institutional investors in the American capital market

OfLeary, J.J.: Trends of yields on the investments of financial institutions

Bell, Haughton and FRAINE, H. G.: Legal framework, trends and developments in investment practices of life in­surance companies

Coleman, G. ¥•: Lending and investment practices of com­mercial banks

Torrance, B. H.: Legal background, trends and recent developments in the investment of trust funds

Wooster, James ¥., Jr.: Current trends and developments in investment practices of endowments and pension funds

Guthmann, H.G.: Institutional investment and the prolem Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 30: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

of equity financing Murray, Roger F.: Federal debt management and the

institutional investor Cohklin, George T., Jr.: Institutional size-life insur­

ance Charterhouse Finance Corp., Ltd.: Corporate financing

in Great Britain.

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Page 31: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

McDIARMID, F. J.

Current Trends in Inst i tutional Investments, JOURNAL OF FINANCE, Vol. IV, No. 2, June, 1949, pp. 119-128.

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Page 32: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

McDIAHMID, F. J.

Stat is t ics im insurance: l i f e company investments and the capital markets, JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION,

June, 1948* Pp. 9*

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McDIAEMID, F. J.

Current trends in institutional investments, JOUPNAL OF FINANCE,

June, 1949* Pp. 10.

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*

n

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Page 35: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

MURRAY, R. F.

Federal debt management and the institutional investor, LAV AND CONTEMPORARY PROBLEMS,

Winter, 1952. Pp. 19.

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Page 36: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

MURRAY, Roger F.

Federal debt management and the institutional investor, LAW AND CONTEMPORARY PROBLEMS. Vol. 17, No. 1, Winter, 1952, pp. 19&-218.

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Page 37: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

NERLOVE, S. IL

Common Stocks as Investments for American Life Insurance Companies, a Non-Academic View, JOURNAL OF FINANCE, Part I , Vol* I I I , No* 3 , October, 1948, pp. 39-51; Part I I , Vol* IV, No. 1, March, 1949, pp. 60-77.

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Page 38: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

NERLOVE, S. H.

Common Stocks as Investments for American Life Insurance Companies, a Non-Academic View. Part I .

JOURNAL OF FINANCE, Vol. I l l , No. 3 , October, 1948.

Part I I , i b id . , Vol. IV, No. 1, March, 1949. Pp. 18

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Page 39: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

0!LEART, James J.

"The Institutional Saving-Investment Process and Current Economic Theoiy," AMERICAN ECONOMIC REVIEW, SUPPLEMENT, vol* AA, May 1954*

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Page 40: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

O'LEART, James J#

The institutional saving-investment process and current economic theory • AIERICAM ECOHOMIC RMTM, Supplement, v*kk9 May 1951i»

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Page 41: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

POAPST, James V.

Life insurance savings in Canada, CANADIAN JOURNAL OF ECONOMICS & POLITICAL SCIENCE, XIX, No. 2, May, 1955.

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Page 42: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

Poapst, James V.

L i f e insurance savings i n Canada, THE CANADIAN JOURNAL OF ECONOMICS & POLITICAL SCIENCE, XIX, n o . 2 , May, 1953.

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Page 43: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

RICHTER, F. E. and STANDISH, A.

"Investments of books and insurance companies,11 HARVARD BUSINESS REVIEW, Vol . I l l ,

July, 1925. PP. 4H-423. Pp. 11.

Analyses security investments for period 1918-1924.. Abstract by ¥. 0. Weyfortfa, AMERICAN ECONOMIC

REVIEW, XV, Dec. 1925, p. S02.

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Page 44: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

SAULNIER, IL J.

Institutional changes affecting the exercises of monetary control, REVIEW OF SOCIAL ECOHOMI, Mo. 1, 1947.

16 pp.

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Page 45: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

SAULNIER, Raymond J.

"Institutional Changes Affecting the Exercise of Monetaxjr Controls,11 REVIEW OF SOCIAL ECONOMY,

June, 1947•

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Page 46: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

SAUNDERS, R. Duane

The development of the flov of institutional savings in the analysis of Treasury borrowing problems, THE JOURNAL OF FINANCE, XT, May, 1956, pp. 277-287.

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Page 47: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

SCHMIDT, Charles H. and STOCKWELL, Eleanor J.

The-changing importance of institutional investors in the American capital market, LAW AND CONTEMPORARY PROBLEMS, Winter issue, 1952.

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Page 48: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

SHAW, Edvard S. and GURLEY, John G.

Financial intermediaries and the savings-investment process, AMERICAN ECONOMIC REVIEk, SUPPLEMENT, vol. 46, May, 1956.

Discussion: by Leroy M. Piser and Paul ¥ . McCracken, ibid.

Financial inst i tut ions and inter­relationships

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Page 49: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

SELTZER, L. H.

Interest as a Source of Personal Incoae and Tax Revenue,

New Tork: National Bureau of Economic Research,

mimeographed, May 1955.

Institutional saving/investment

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Page 50: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

THOMAS, Woodlief

•The institutionalizaticaa of savings," in SAVINGS IN THE MODERN ECONOMY (ed. by V. ¥. Heller, F. M. Boddy, and C. L. Nelson). Minneapolis, University of Minnesota Press, 1953 •

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T.N.E.C.

STUDY OF LEGAL RESERVE LIFE INSURANCE COMPANIES. T.N.E.C. Monograph No. 28. Washington, D.C., 1941.

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Page 52: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

T.N.E.C.

INVESTIGATION OF CONCENTRATION OF ECONOMIC POWER.

Part 10-A. LIFE INSURANCE. Washington, D.C, 1940.

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Page 53: BURBELL, 0. K. Savings bonds in personal investment ... · M Hubbard^ Joseph B. Absorption of the United States debt. (In: Harvard Review of Economic Statistics,August 1956,p.l26)

WOODWARD, Donald B.

t u b l i c Debt and I n s t i t u t i o n s , AMERICAN ECONOMIC REVIEW, SUPPLEMENT, Vol. 37, May, 1947, pp. 157-183.

Discussion: by L. H. Se l tze r , Susan S. Burr, R. J . Saulnier, and E. A. Goldenveiser, i b i d . , pp. 192-204-

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