Remedies and Preventives of Panic 249 
Proposed Report on Loans for Carrying 
Securities 
His second further proposal is to “Require changes 
in methods of bookkeeping of all houses which buy 
securities for distribution, in such manner as to enable 
them to report to the Stock Exchange, and to enable 
the banks to report to the Federal Reserve System, 
total loans that represent funds obtained for the 
purpose of carrying securities for distribution.” 
Proposed Money Market Research 
His third further suggestion is: 
“An exhaustive research carried on under the 
auspices of the Federal Reserve Bank of New York, 
with the codperation of the New York Clearing 
House and Stock Exchange, of our money market; 
having in mind all the questions involved that have 
a bearing upon the sources of supply, both domestic 
and foreign, the methods of use, the market for 
bankers’ acceptances, and the requirements of agri- 
culture and industry, to be followed by recommenda- 
tions for such changes in procedure, if any, as may 
he found to be necessary for the public good.” 
Proposed Committee on Listing of New Issues 
His fourth suggestion is to create a joint com- 
mittee of the New York Clearing House and Stock 
Exchange, the lenders and the borrowers, to pass on 
the listing of contemplated new security issues. This 
Mr. Kent would have done on the basis of the fig-