The borrowing to purchase bonds, although not measured, has been many times greater.
A qualified lender as defined by the law must purchase bonds.
Japanese investors in particular had already grown much more reluctant to purchase American bonds because of the weak dollar.
When a central bank would like to increase the money supply, it can merely purchase previously-issued bonds.
Over the course of the war 85 million Americans purchased bonds totalling approximately $185.7 billion.
People who purchase bonds want to know the source of the money to pay back the bonds.
The Garrisons have been rich for a while, probably purchased bearer bonds years ago.
Amendment 33, which would have given the fund the ability to purchase bonds on the secondary markets, was withdrawn.
It raised $2 Billion with 5.5 million people purchasing bonds.
The amount of the loan totaled $3.8 Billion with 9.4 million people purchasing bonds.