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We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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Working Papers

June 1974, No. 74-4

Alternate Reserve Concepts as Operating Targets in Monetary Policy Implementation: Specification of the Structural Model

Joseph M. Crews and Glenn C. Picou

Monetary policy is concerned with the ultimate goals of price stability, full employment, and economic growth, and with the short-run stability of financial markets.

Katrina Mullen (804) 697-8145