Mortgage companies : Their place in the financial structure, commission on money and credit

The Commission on Money and Credit was established in 1957 as an independent organization by the unanimous vote of the Board of Trustees of the Committee for Economic Development. The bylaws governing the Commission on Money and Credit state that "It shall be the responsibility of the Commission to initiate studies into the United States monetary and financial system."

This volume was especially prepared for the Commission on Money and Credit as part of its research program leading to the publication in June 1961 of its final report: Money and Credit: Their Influence on Jobs, Prices, and Growth. It is published by direction of the Commission according to its bylaws, as a contribu tion to the understanding of the monetary and financial system of the United States. It is one of more than 100 research studies pre pared for the Commission by trade organizations, individual schol ars, the Federal Reserve System, and the Treasury of the United States.

A selected group of such papers will be published for the Com mission by the Information Division of the Committee for Eco nomic Development in accordance with commitments to The Ford Foundation and the Merrill Foundation, which provided main financial support for the Commission.

Publication of this volume does not necessarily constitute en dorsement of such study by the Commission, its Advisory Board, its Research Staff, or any member of any board or committee, or any officer of the Committee for Economic Development, The Ford Foundation, the Merrill Foundation, or any other organiza tion participating in the work of the Commission.