The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Hay H, 1956
Dm? Wins
I me coming dovn to Washington
for Thursday ®»d Frid.^ of this week and
will tel#phon© in the hope of se#lng you*
If you haf© a spar© laomentj I would ap~
t#
Cordially
Mildred
Mr* WinfieXd W, Riefler
Federal Reserve Board
Washington 25# D» 0«
RECEIVED
BOARD OF GOVERNORS
OF
THE
MAY 1 5 1956
FEDERAL RESERVE SYSTEM
WASHINGTON
COMMITTEE ON THE HISTORY
OF THE
FEDERAL RESERVE SYSTEM
May 1U, 1956
Miss Mildred Adams,
Executive Director,
Committee on the History
of the Federal Reserve System,
33 Liberty Street,
New York k%9 New York,
Dear Miss Adams:
I will do my best to be present at
the meeting on May 28,
Sincerely yours,
Winfield W. Riefler,
Assistant to the Chairman,
May 1 1 , 1956
Deer Mr* Rieflert
Details of the meeting of this Coi^ittee
on Monday, Kay 2&th$ are as follows.
ft
,/
{
,' v
I
'
Mr« Sproul asks me to invite the members
of the Comittee to lunch vith him a t the New
lork Federal Reserve Bank a t one o'clock* Folloving luncheon, the meeting will be convened in the
lotange adjoining the President's dining rooa.
. '
_ ' • ''
Ve hope very sueh that your piiiis, iHihich
were uncertain warn thi© meeting vas set \xp$ will
have cleared so th&t you o&n be present.
,
,l
;
Sincerely yours,
• :f"\
'if---- •'
' t
•
.
Mildred Adams
•
Hr. Winfield ¥. Kiefler
Board of Governors of the
Federal Reserve System
C«
•••' i
f
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
WAS HI NGTON
RECEIVED
OFFICE OF THE CHAIRMAN
FEB 211256
February 20, 1956.
COMMITTEE ON THE HISTORY
OF THE
HESEWC mm*
Miss Mildred Adams,
Executive Director,
Committee on the History of the
Federal Reserve System,
33 Liberty Street,
New York h$} New York.
Dear Miss Adams:
The alternative draft of our conclusions, as contained in the document forwarded on
February 17, is acceptable to me.
Sincerely,
Winfield W. Riefler,
Assistant to the Chairman.
February 17, 1956
Dear Mr* Ri@fl@r«
Two detail* aeed your attention, a. change idsleh Br#
Calkins would, like to raake in the •clause of enactffientfw and a
confirmation of the suggested date for the next meeting*
fou will find enclosed the Minutes of the meeting of
this GoiiisitteQ at Princeton on February 4th* Bn6 also &. revised
version of the •clause of enactment* Bhieh was passed a t that
©aetiag*
revision was undertaken in conference with Dr#
Calkins and at hi$ request* In substance I t does not differ froa
the version adopted a t Princeton # but Dr» Celkins would prefer to
present the CojaiBittee1» proposal to the Brookings Board of Trustees
in this nev wording if the CouiBilttee approves. I t can then be
added to the Mtmx%®$ &g an mL®n&®& text*
Would you l e t »e ienow if you approve ©f the revision &nd
of tht procedure!
As for th© date of tine next aeetingf Saturday, Iferch 17th»
at Brooking8 l a V&shlngton we© the one sost discussed in Princeton*
Meubers were asked a t the,t time to put thi$ date dovn tentatively*
If this i s not possible for jou, m&y we heve your suggestions»
?ery sincerely your®,
Mildred
Mr. Winfield V.
F#deral Reserve Board
Waging ton 25» D« S#
lac, 2
\OLUJLXLJXJ
11
•"-
B O A R D OF G O V E R N O R S
FEDERAL RESERVE SYSTEM
WASH INGTON
OFFICE OF THE CHAIRMAN
RECEIVED
February 7, 1956.
FEB 81956
COMMITTEE ON THE HtSTOftY
OFTWt
FtDiftALftfUAVt SYSTEM
Dear Miss Burstein:
In response to your letter of February 6, the expenses incurred by Mr. Riefler, in
connection with the meeting of the Committee on
the History of the Federal Reserve System at
Princeton on February ks have been assumed by
the Federal Reserve Board.
Thank you for taking care of
Mr. Riefler's reservation at Princeton Inn
on February 3»
Very truly yours,
Catherine L. Schmidt,
Secretary to Mr. Riefler.
Miss Irma Burstein,
Secretary to Miss Mildred Adams,
Committee on the History of the
Federal Reserve System,
33 Liberty Street,
New York 1&, New York.
February 6, 1956
Bear Vint
I wanted on Saturday to congratulate you on the new
type dress which tha Bulletin wears. The blue cover has power
am well as chena, but the reel delight to a reader1s eye ia the
quality of imagination and typographical skill which has been
applied to the tables* I would think thet finding and reading
time »&y well have been cut in half by the new page design.
It is a wonderful way to celebrate the start of Mr* Martin*a
new term. He and the staff and the public all should be con«*
grttulated*
Don end I did not mean to leave you so abruptly at
Princeton - we thought you were taking the same train, and were
left saying ttgood-bysw to the wet air when you didn't appear*
I'm coming to Washington early next week, and shall hope to
see you then.
Most sincerely,
Mildred Adams
Mr* Vinfleld V. Rtefler
Federal Reserve Board
Washington 25* 5. C*
February 6, 1956
Dear Miss Schmidt*
Mr, Riefler will have incurred certain expenses in
connection vith the recent CoMiittee meeting at Princeton on
February 4.th# fhis office would like to have sn account of
nis expenses as early as possible so that Brookings can reimburse hiau It should be itemized as to type of expense «•
train fare# local transportation (taxi, bus, ete«) f hotel,
iaecO.8, telephone, tips - as this Is the form in *&ieh we send
accounts to the Brookings Institutioa*
Thanks for taking care of this for us*
Very truly,
Inaa Burstein
Miss Catherine Schmidt
Secretary to Mr. Winfield ¥* Hieflep
Federal Reserve Board
¥©.ahington 25> B. Gf
January 23» 1956
Dear Mr, Riefler*
I heve reserved in your name a root*
eit the Princeton Inn for Frid&y evening, February 3rd* The enclosed card i s for you to
present to the rooa clerk vn.en you arrive
there• Hot knowing your arrival time, I ioid
t&era w lt.ta u so they would hold the room beyond
their
usual 6 p«B« If you Mill actu«tlly arrive
fr
Xate,w perhaps Miss *»ciiiii<it Gould dra# %tm Iim
fc line to make doubly sure*
Xou will, of coarse, add whatever
you pay for the rooa to the expense account you
v i l l l a t e r send me for the conference.
If there i s anything further I can do
for you, please don't heaitete to l e t Me knov«
Sincerely yours,
Xraa Bursteln
Assistant
Mr. Winfield W # Riefier
Board of Governors of the
Federal Reserve System
V&ehington 25, D. C,
Enc*
i IM
January 17, 1956
Dear Mr* Hokes
Would you kindly reserve a single room
vlth b«ta ihe night ©f February 3* 1956 (Friday) for
Mr. Vlafield V» Biefler*
H© i s connected -with iiiis
Ooicmittee BO kz® eeked me to make tiie reservation for
hia« He will probably arrive in Princeton l&t* in th#
evenings
Thanks so much*
Very sincerely,
Inua Burstein
Assistant
Mr. 0. Blind Hoke
Princeton Inn
Princeton, Sew Jersey
January 9 f 1956
Bear Mr*
We promised to send you details of the schedule for
the meeting of this CoFjnittee st Princeton on Saturday, February 4th, when arrangements were completed* Taose arrangements are now fixed es follows*
Place - Institute for Advanced Studj,
Princeton, New Jersey
Time - 10 a.a, to U p*m», February At 1956
i*uncheon - at the Institute
Members are asked to meet at 10 &#&• in the Common
Rooa of the main building, i*here Dr« Stevart vill €.ct ag guide
to the conference space vhich is kindiy being provided for us#
Memoranda bearing on certain of the problems to be
discussed should reach you about & week in advance of the
aeetiug. Ve hope to aail them on *fanuery 26th*
Sincerely youra,
Mildred Adams
Kr. ¥infield V, Riefler
Federal Reserve Board
Washington 25> D» C*
BOARD OF GOVERNORS
FEDERAL RESERVE SYSTEM
WASHINGTON
^ ^ ""^
SEP
OFFICE OF THE CHAIRMAN
3 1955
September 8,
COMMITTEE ON THE HISTORY
OF THE
FEDERAL RESERVE SYSTEM
Mr. Donald Woodward, Secretary,
Committee on the History of the
Federal Reserve System,
33 Liberty Street,
New York [|5, New York.
Dear Don:
Thank you for the material on the Committee
on the History of the Federal Reserve System. It is
excellent material, and I think the decision is right
to give a frank summary of the situation to the Founda
tion for their decision.
My very best to you.
Sincerely,
WinTield W. Riefler,
Assistant to the Chairman.
r
Saptsnbar 2
«r. liafleld Hlsfler
Federal P-esarvo Board
Washington 2$, D«C«
Dear l i a s
I as sending with this letter a report for which I would ask
/our reading and eosaftnt. Entitled "Progress and Plans," It Is designed
as a report on work for the year 19*>ij-*>5>, aade to go to the Committee and
to the Rockefeller Foundation, Tou will find in it a statement of the
situation which the Committee faces In view of the fact that at the end
of the first year no historian has been selected*
The decision to present this problem to the Foundation and to
ask their advice has the approval of Messrs* Sproul, Calkins, Stewart,
Burgess and myself. The meao entitled "Progress and Plans" has been
prepared by Hiss Adams and reviewed and approved by Dr* Calkins and
myself,but has not heretofore been seen by others* May we have your
costtent at your early convenience - preferably by the ?ta of September*
Dr* Calkins and X hope to call on Dr* Buchanan of the foundation about
tias*
The second report enclosed is that of our executive director,
Miss Adams* loo aay be interested in farther details on some points
which are aaBsly sunaarlsed in gy report • Appended to this, you will
find her net** on visits to the twelve banks* with some account of what
she found in thair files and libraries* She also appends a study of
Board and Bank officer* and directors drawn froa the staff's biographic
files, and a report on collections of private papers discovered to date*
sincerely yours.
Donald Woodward
Secretary
(signed at his request, M*A»)
Mr* Winfield Riefler
Tedetml Bsserve Board
Washington Z$, B*C*
Inc.
March 17, 1955
Dear ¥in*
I expect to be in Washington next week on Thursday and
Friday, the 24th and 25th, end shall hope to talk with you about
Howard Hackley, whom you suggested some time ego && a possible
writer for a aonograph on legal aspects of the Federal Reserve.
i s only by way of giving me added ammunition on
the monograph angle* Thus far, there has been no break in the
Jases situation, and until that i s cleared up, there i s , as you
know, & reluctance to conte»plate monographs. Nevertheless, I
have e feeling that some sort of schedule or ©ketch of a schedule
ahould be in preparation, so that we can move in that direction
when we get an historian*
days.
I r\r>|?fc you say have a free period on one of those
Cordially yours,
Mildred Adams
Mr. Winfield ¥. Hiefler
Federal Reserve Board
Washington 25, &• C«
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON
OFFICE OF THE CHAIRMAN
March 8,
MAR 1 0 1955
Miss Mildred Adams,
Research Director,
Committee on the History
of the Federal Reserve System,
33 Liberty Street,
New York kS, New York.
COMMITTEE ON THE HISTORY
OF THE
FEDERAL RESERVE SYSTEM
Dear Mildred:
The notation about the Bank of the
United States is Little Napoleons and Dummy
Directors. The author was Morris R. Werner,
and it was published by Harper and Brothers
in 1933.
Sincerely,
TSinfield W. Riefler,
Assistant to the Chairman.
March 7, 1955
Dear Win:
I sees to have mislaid ay notation on the
book about the failure of the B&ak of the United
States in the thirties to •which you referred both
in Princeton and when I saw you the other day. On
the slender description I could give them tae library here was not able to turn it up. I would be
ever so grateful if you would send me author and
title.
Ho vord from Jamea yet.
Cordially yours,
Mildred M & & &
j
;
4
/
i
Mr. Winfield V. Riefler
Federal Reserve Board
Washington 25, B. C.
March 4, 1955
Dear Wins
I saw Bonald Woodward today and passed
on to him your suggestion that tfte Uorasittee consider patting Alexander Sechs on the Committee•
Bon says the idea i s interesting, but he has some
doubts as to how successful i t sdght be. He will
be hoping to talk to you about i t the next time
he I s in Mashington•
Cordially yours,
Mildred Adams
Mr. Vinfield V. Riefler
Federal Reserve Board
Washington 25$ ®* C.
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON
OFFICE OF THE CHAIRMAN
February 17,
RECEIVED
Miss Mildred Adams,
Research Director,
Committee on the History of the
Federal Reserve System,
33 Liberty Street,
New York h5, New York.
1 7 1955
RESERVE SYSTEM
Dear Mildred:
I have just gone over the minutes of the
January 29 meeting of the Committee on the History
of the Federal Reserve System.
I am a little troubled by the way my comments are presented in item (b) on page 2 of the
minutes, I would not want them to be understood to
imply that the Board was committed to opening minutes
prior to 1933• I don't think ttfey could make such a
commitment.
ever
Winfield W. Riefler,
Assistant to the Chairman.
RIEFLER, Winfield
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON
OFFICE OF THE CHAIRMAN
November 29,
Dear Miss Singer:
In reply to your letter of November 2i|,
Mr. Riefler had no expenses in connection with
the recent meeting of the Committee on the History
of the Federal Reserve System at Princeton,
New Jersey,
Sincerely,
Secretary to Mr. Riefler.
Miss Ellen C. Singer,
Secretary to Miss Adams,
Committee on the History of the
Federal Reserve System,
33 Liberty Street,
New York US, New York.
November 24, 1954
Dear Hi©s Schmidt;
We are anxious to reiuiburse members of the Committee
for their expenses in connection with the recent meeting
at Princeton.
/
Will you therefore send m© a statement of Mr.
RieTier's out-of-pocket expenses as soon as possible.
•Sincerely,
Secretary
Miss Schmidt:
Federal Reserve Board
Washington 25, B.C.
RIEFLER, tfinfield
Hoveaber ZU$ 1954-
Pear Mr. Riefler:
Minutes of the Princeton meeting will be sent you shortly, but
meanwhile this is to serve as a small reminder on three counts:
Firat, that you rut on your calendar the date January 8th for a
return engagement at Princeton - sn all day meeting to consider the
document which the experts will produce, and to move forward with e
decision on the choice of a man (or men) to write the comprehensive
history.
Second, my thanks for the nsmea of Ralph Hidy and. Mr, Imlah.
If you have other good ideas, either for The Historian or for writers
of monographs, we would be delighted to have them by December 10th so
that we can circulate them to the Committee.
Third, if your secretary will send us a list of your expenses on
the Princeton trip, we will see that you are promptly reimbursed.
It was good to see you Sunday,
Most sincerely yours,
Mildred Adams
Mr. Winfleld V. Riefler
Federal Reserve Board
Washington 25, B.C.
RIEFLER
c
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON
OFFICE OF THE CHAIRMAN
December 20,
Miss Mildred Adams,
Research Director,
Committee on the History of the
Federal Reserve System,
33 Liberty Street,
New York h$, New York.
Dear Mildred:
January 29 is all right for me for
the meeting of the Committee on the History of
the Federal Reserve System with its three consultants at Princeton, New Jersey.
Sincerely yours,
"Winfield W. Riefler,
Assistant to the Chairman,
RECEIVED
DEC 2 1 1954
COMMITTEE ON THE HISTORY
OF THE
FEDERAL RESERVE SYSTEM
RIEFLER, Wizfield
November 16, 1954
Dear Mr. Riefler:
This is to repeat a message sent you earlier th.'-it we
have a room reserved in your Er-iae at the Princeton Inn, where
you are expected Saturday afternoon, to stay through Sunday
afternoon. Our three experts and at least two other members
of the Committee wi.l be dining at the Inn on Saturday evening
they will be particularly pleased to have you join them.
1cm will be glad to hear that we are expecting a full
attendance of Coiazaittee members for the all day meeting on
Sunday. They will convene at ten o'clock in the morning
in the Inn's private conference room.
Very sincerely yours,
Mildred Adorns
Mr.tfinfieldRiefler
Federal Reserve Board
Washington 25, B.C.
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
WASHINGTON
Miss Mildred Adams,
Research Director,
Committee on the History
of the Federal Reserve System,
33 Liberty Street,
New York h,$9 New York.
Dear Miss Adams:
Many thanks for your letter of September 21 transmitting
a copy of the letter which has gone out to the heads of research at
the twelve Federal Reserve Banks asking that they furnish you with
carefully selected lists of people who are teaching money and banking
and who would be interested in knowing of the study of the history of
the Federal Reserve System and, perhaps, in working on some phase of
it.
The Board has a list of some 2600 addressees in the domestic
academic world. The list includes libraries but more than half of the
names are those of individuals, largely teachers of money and banking,
A run of this list could be made and a selection taken from it for
your purpose. I feel sure this would not add much, if anything, to
what your request of the Reserve Banks will bring forth, since it seems
almost a certainty that names which we might furnish would already be
included on the Reserve Banks lists. This is natural because the
Reserve Banks are, understandably, more completely informed of the
people currently located in their districts than we are.
Please let me have your judgment after reading this letter.
If you wish our list, which is arranged alphabetically by name of
institution, we will, of course, be happy to send it to you.
Sincerely yours,
W. Riefler,
Assistant to the Chairman.
COMMITTEE OH THE HISTORY OF THE FEDERAL RESERVE SYSTEM
33 Liberty Street, Hev York 15, Hew York
21, 1954
Ifcar Mr. Fieflen
¥e have talked at timea about the desirability of making
this project better fc&ova, aad the difficulties of which sight b©
created &/ s«yi»f too nach about it.
finally it was decided to frame a vtny sispl© letter of
la*creation, to $p out to a selected group. Tee letter is still
in the drafting stag©, bat ^e&avhile it seemed wise to collect the
naatee of paopla to vbo« it should go vh&a written and approved.
The enolosiU letter gass out today to hea.is of
departments in the various regional bank*. I think you told me
that th* Board ;tds its ovn list of acaderic people. I'd be ev^
so grateful if va could have that, or a selected portion of it,
so that vhefi the r4-«;ioaal Hats cose in. we iaa check &n& .sake
sure we have the names we ought to have.
I am taking two weeks in the uppsr reaches of M$v England,
but mj sbis new assistaiit viil kiiov ^her-o I csa b@ reached* Sack
October 11th.
Host slticerely,
Mildred Adams
Enc.
Mr. Vinflcld Biefler
Asftlst&at to the Chairman
Board of Governors of the Federal
Reserve l.y&tea
n 25, !)• C.
COMMITTEE ON THE HISTORY OF THE FEDERAL RESERVE SYSTEM
33 Liberty Street, Mev York. 45, Nev York
TelephoneJ Factor 2-5700, Extension 2S6
August 27,
Dear Mr. Riofieri
Miss Adams asks $e to tell you
to be in Washington the second and third
is hoping that it will be convenient for
at that time. She will telephone for an
her arrival Thursday morning.
that she expects
of September, and
you to see her
appointment on
Very sincerely yours,
Lois Krebs
Secretary
Mr. Vinfield Piefler
Assistant to the Chairman
Board of Governors of the Federal
Reserve System
Washington 25, D. C.
July 14, 1954
Bear Mr. Bieflert
Ve seem to be in n. sutsmer slump on the matter of
expending the size of the Committee. On June 2-4 th, I sent
Mr. Msrtitt a copy of the Progress Peport and appended to it
a second list of suggested names. To date ve have had no
reply concerning his preference.
I am enclosing an extra copy of the names. If
you could see that his choices are made and sent back to
us, I vill he ever so grateful.
Mr. Martin may be interested to know that I as
going to St. Louie next week and I am hoping to see his
father at that time. In accordance vith his suggestion,
ve have asked the St. Louis Bank to tell Mr, Martin, Sr.
of this visit. For no other reason vould I be going to
the Mississippi Valley in mid-July.
Cordially yours,
Mildred Adams
Enc.
Mr. WInfield Riefler
Assistant to the Chairman
Federal Keserve Board
Washington 25, D. C.
MISC. 14O B
. i4o B.I-3OM-6.M)
BOARD OF GOVERNORS
of the
FEDERAL RESERVE SYSTEM
Washington
Office of the Chairman
June 3,
Mr. Donald B. Woodward, Secretary,
Committee on the History of the
Federal Reserve System,
33 Liberty Street
New York 45, Nev York
Dear Don:
I have been avay and have just seen
your letter of May 26. It is an awfully good
letter and it does state the way we feel about it.
Ve are enthusiastic about the project but did have
the reservations which you have handled. Thank
you very much for writing as you did.
Bill and I have reviewed the Chandler
and Kincaid projects and agree that they should go
forward.
As ever,
/s/ Win
Winfield W. Riefler,
Assistant to the Chairman.
n
May 26,
Dr. V. ¥. Riefler
Federal Reserve Board
Washington, D. C,
Bear Win:
I was extremely sorry to realize from our telephone conversation
recently the extent of your feeling that - to use the vernacular - you had
been getting something of a run-around. Upon reflection on the matter I
can see how the view arose. My preoccupation had been to get an application
to the Rockefeller Foundation in order to maximize the chances of getting the
grant of funds with which to proceed; It seemed to we that there would never
be a better chance and the passage of time will seriously ©rode the availability of materials. I had felt that any problem which could be deferred
should be; and I felt the greatest confidence that this group of reasonable,
interested, and informed people would be capable of finding an appropriate
r#eolution when a deferred problem had finally to be faced. I do really
continue to feel that confidence.
In the conversation you made two specific points on which I
thought we arrived at an agreement. Perhaps it would be wise to state
them, thus to discover if there is agreement, and if so perhaps to send
thea to the Conaittee in writing to ascertain if there is unanimity on
the point. This might itself and at this time resolve the problem.
1, On the matter of the cut-off date, there are two different parts to
the project and hence to the problem.
One part has to do with the collection of materials and memories, the
development of indexes and in short everything other than writing evaluations and interpretations and accounts of the period which is raore recent.
This would not involve anyone reading extremely confidential materials but
it would be concerned with their identification and the certainty of their
conservation. On this whole phase of activity I understand that you do not
feel any cut-off date is necessary. Indeed I understand that you agree it
is desirable to do all that is possible to identify and collect relevent
m&terials dealing with the entire history of the System,
As to the other part, the preparation or the publication of a manuscript
dealing with events after 1933 or 1935* ve both feel at this moment that
objectivity would not be attainable by any writer and we agree that responsible officials who have participated in the events must be very careful as
to their participation in the discussion of those events and may indeed
be unable to do so at all. Consequently it is desirable at this tiae
to put all of the emphasis upon the collection of saterials for the
entire life of the Syatea and the preparation of copy for the earlier
period. While these tasks are under way & decision can be reached as
to how to treat the later period; this decision can b© discussed in
the light of the perspective then existing. But ve cannot doubt that
there will be a considerable desire to encompass as much of the whole
life of the System in this study as can reasonably be done*
Vhen this discussion is reached, there are a number of protective possibilities vhich can be considered. One is that official
materials of the more recent yeara be held inaccessible for people
vorking with the project. Another is the retirement frosi the Committee of all official persons when the stage is reached that any
writing about the later period is to be done. Another is a clearcut decision that for thia more recent period the Committee wishes
to stimulate the best possible scholarship but will exercise no role
beyond the selection of the person or the persons and will leave to
the Brookings Institution or other designated agency to decide whether
any resulting manuscript adequately fulfills standards of scholarship
as to be published. I ara sure there »re other possibilities.
2. Your other concern wag whether there is sufficient protection against
possible future erosion of attention or interest on the part of th© Committee. Ve agreed that this point might be adequately covered by the
statement of the proposed relationship between the Coasnittee and Brookings
and you now have received the draft of such statement prepared jointly by
Dr. Calkins and Dr. Burgess and agreed to by the Board of Trustees of Brookings. I hope that you may feel that this statement &nd especially the last
paragraph adequately provides for this risk*
Let me repeat again with the very strongest possible force that
I feel the interested and complete participation of the Board of Governors
in thia project is essential for its success. For myself I want no part
in the project unless the Board Is satisfied fend interested. 1 would prefer to start at once to try to liquidate the Committee and turn back its
present resources. I told you on the telephone that unless you were really
satisfied I should rather withdraw the application from the Rockefeller Foundation even at that late date. I have, as I think you know, no personal interest of any kind in this project other than to see a really good Job on an
institution I believe to be of the utmost import&ncej and I ass sure that that
would be impossible without the satisfied participation of you and the Bo&rd
at every point.
With warmest regards.
Cordially,
Donald B. Voodward
May 6, 199i
Mr, W. rf. Hiofler
Federal Reserve Board
Washington, ;). 0 .
Dear Win:
Best of all, could both you and Governor Martin
attend? Very few meetings have been necessary and I think
©van fewer may be suggested $$,}& &Q Se"^ ^ e grant but this
one does seem to me urgent, % ?
Cordially,
Donald B* Woodward
Secretary
COMMITTEE 0$ THE HISTORY OF THE FEDERAL RESERVE SYSTBM
33 Liberty Street, Now York U5, New York
October U , 1954-
Dear Mr. Rieflerj
Thank you for your letter of September 2U>
May I wait until all the Reserve Banks answer my request for names before I commit myself on the Board's
list? It is good to know there is such a comprehensive
file to which we can turn if need be.
Sincerely,
Mildred Adams
Research Director
Mr. Vinfield V. Riefler
Assistant to the Chairman
Board of Governors of the
Federal Reserve System
Washington, D. C.
RIEFLER, Vinfield
COMJGfTM 01 THE HISTOBY OF THE FEDSEIL RESERVE SYSTEM
33 Liberty Street, Hew York 45 > Hew York
September 21, 195A
Bear Mr. Hi©fieri
We have talked at times about the desirability of making
this project better known, and the difficulties of which night b®
created by saying too much about It.
Finally it was decided to Iras© a very simple letter of
information, to go out to a selected group. The letter is still
in the drafting stage, but meanwhile it seemed wise to collect the
names of people to whom it should go when written and approved.
The enclosed letter goes out today to heads of research
departments in the various regional banks. I think you told me
that the Board has its own list of academic people. X*d be ever
so grateful if we could have that, or a selected portion of it,
so that when the regional lists coaje in we can check and make
sure we have the names we ought to have,
I am taking two weeks in the upper reaches of lew Englaad,
but my able new assistant will know where I can be reached. Beck
October 11th.
Host sincerely,
Mildred Adsmt
Mr. ¥infield Riefler
Assistant to the Chainaan
Board of Governors of the Federal
Reserve System
Washington 25, B. C.
c
March 24-, 1954-
MEMORANDUM OF WINFIELD REIFLER'S COMMENTS ON PROPOSED
SKELETON OF WORK TO BE SUGGESTED
Mr. Reifler made four points:
(1) The skeleton as submitted seems to him elaborate and fatiguing.
(2) It contained no mention of the cutoff date. He was firm that
nothing should be done later than 1935 and that it was impossible to write history when persons still living were concerned
in it. I tried to persuade him that 1939 might be a better
date but he refused to think a war as important as the change
in Federal Reserve personnel which had taken place in 1935•
(3) He questioned the importance of the New York bank projects
which was suggested and wondered what the bank might have in
the way of documents which are not in the Board.
(4-) He objected to the proposed simplified school history for school
purposes. He said that the Board has now spent $35,000 to f45*000
on simplified material for possible use and that the banks are
doing similar things.
RIEFLER, Winfield V.
February 9$ 1954
Dear Dr, Biefleri
At Miss Adams's request, I am
writing to l e t you know that she plans
to be In Washington from Tuesday through
Friday of next week*
hopes very much it will be
possible for you to see her at some time
during that period. She will telephone
your secretary in the early part of toe
week to see whether or not an appointment
can be worked out*
Sincerely yours,
Secretary to
Hiss Mildred Adams
Dr, Hinfieia ¥• Eiefler
Assistant to the Chairoaa
Board of Governors of the
Federal Reserve System
Washington 25, B* C.
MAtfcR
RIEFLER, Vinfield W.
January 20, 195U
Hr. Winfield Rfifler
Federal Reserve Board
Washington, D. C.
Dear Mr* Reiflerj
This is simply to confirm our telephone conversation of
yesterday, and to say that X will be in Washington from Tuesday
morning the 19th through Friday. lou will know whom I can »c?t
usefully sec in that period* X am sure your list will include
Mr* Woodlief Thomas, Mr* Elliot Thurston, Mr* Ealph Toung, and
Mr* Alverne Southerland, among others*
X shall be looking forward to this with great pleasure*
Cordially yours,
HAses
Mildred Adams,
^t Research Director
Committee Study the History of the Federal Reserve System
A
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