PRINTER'S NO. 1608
No. 102 Session of 1975
INTRODUCED BY BLACKWELL, RICHARDSON, ROSS AND BARBER,
JUNE 3, 1975
REFERRED TO COMMITTEE ON RULES, JUNE 4, 1975
In the House of Representatives, June 3, 1975
1 The Federal Reserve Board is in control of the supply of
2 money in this country. Its policies have created crisis after
3 crisis in the financial stability of our economic life. Most
4 recently its monetary policies have disrupted the lives of most
5 Americans by deepening the current recession and preventing the
6 country from making a rapid recovery from our economic problems;
7 therefore be it
8 RESOLVED (the Senate concurring), That the General Assembly
9 of the Commonwealth of Pennsylvania memorialize the Congress of
10 the United States to investigate the Federal Reserve Board and
11 the Federal Reserve System to determine ways and means of
12 improving them and to enact legislation which will insure that
13 they will be responsive to the people, as a whole rather than
14 function exclusively for the banking interests and the money
15 manipulators in the financial world; and be it further
16 RESOLVED, That copies of this resolution be transmitted to
17 the President of the United States, the presiding officers of
1 each House of the Congress of the United States and to each
2 Senator and Representative in the Congress of the United States.
E28L66CVV/19750H0102R1608 - 2 -