Sentences with phrase «allocation policy though»

Not exact matches

The Fed's tendency to favor Treasury and agency securities when conducting monetary policy operations, though innocuous enough when banks hold only minimal excess reserves so that the Fed leaves only a relatively modest «footprint» on overall credit allocation, becomes a serious matter when banks pile - on excess reserves, turning the Fed into the central - bank equivalent of the abominable snowman.

The court upheld the trial judge's allocation — even though it was done as a lump sum under multiple benefit categories — because she adhered to the policy objective set out in the Insurance Act of avoiding double recovery.