ABSTRACT
The 73d Congress between January and July 1934 passed three pieces of legislation that significantly affected the Federal Reserve System. Through bureaucratic maneuvering, officials of the system, Treasury Department, Reconstruction Finance Corporation, and Federal Trade Commission tried to protect their respective agency interests. Negotiation between Congress and the administration caused extensive change in two of the three measures. President Franklin D. Roosevelt remained sensitive to signs of opposition and provided some direction for executive agencies and legislators.
