Money Supply Control Act of 1979 - Amends the Federal Reserve Act to require that the time, character, and volume of all purchases and sales of paper eligible for open-market operations be governed with a view to: (1) maintaining a constant general level of domestic prices; (2) avoiding destabilizing changes in total purchasing power; and (3) fostering a steady growth in the aggregate currency in circulation plus all deposit balances at commercial banks less the demand deposits of foreign commercial banks and official institutions.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
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