The Financial Advisory Committee and APS headquarters’ staff members met on 29 March and 3 and 4 June in St. Paul, MN, and on 26 July 1996 in Indianapolis, IN, to review past and current financial matters related to the operation of the Society and to prepare the budget for FY97. The approved minutes of these meetings were distributed to your regional councilor and are on file at headquarters i...

This research memorandum summarizes the analyses conducted for the Active/Reserve Force Mix Study. The availability of personnel to man missions being transferred to the Reserve forces is studied. In particular, this paper examines which homeports will be most able to support the Naval Reserve Force, what determines whether Navy veterans will affiliate with the Selected Reserves, and what the s...

This research memorandum summarizes the analyses conducted for the Active/Reserve Force Mix Study. The availability of personnel to man missions being transferred to the Reserve forces is studied. In particular, this paper examines which homeports will be most able to support the Naval Reserve Force, what determines whether Navy veterans will affiliate with the Selected Reserves, and what the s...

The monetary base typically is defined as a measure of the money-supply "impulse" originating from the stock of high-powered, central-bank money. In addition to nonbanks' demand for hand-to-hand currency, banks have demanded base money in the United States since 1913 to satisfy two needs. One is a reserve need, to fulfill a Federal Reserve regulatory requirement. The other is an operational nee...