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BOABD OF GOVERNORS 07 TEE FEDERAL RESERVE SYSTEM DIVISION OF ilESEARCH AND STATISTICS Keeps Board informed of developments in business and financial situation that have a bearing on formulation of credit policy# Is prepared to make recommendations on discount rates* open-marke.t policy, reserve requirements* and maximum interest rates on time deposits, and* in coopera** tion with Division of Security Loans, on margin requirements for brokers and for banks. Through the director* assists in discussions at Federal Open Market Comnittee meetings,. Governors1 and Chairmen's conferences, and Federal Advisory Council meetings^ Compiles tables and prepares charts and interpretar* tive teqct on current developments in production and distribution of commodities, employmentr payrollsr and the course of prices, as well as the course of banking de~ velopments, gold movements, and the foreign exchanges* Also keeps the Board advised of financial and economic conditions abroad* Conducts studies with a view to improving available information and understanding of economic developments* Has charge of publication of Federal Reserve Bulletin and Annual Report of the Board* Miaintains the Board's business and financial library. Exercises supervision over economic and statistical work at the twelve Federal Reserve banks, and edits their monthly reviews and annual reports# Chart showing principal fields of work and persons in charge is attached. DIVISION Or B3BSEABOH AMD STATISTICS E # A# Goldenweiser Director Tel, Br, 560 Wbodlief Thomas Asst* Director Tel# Br# 573 Domestic finance and business Lauchlin Carrie Asst# Director Tel # Br 0 3475 Monetary problems Production, employment, trade, & prices Eraitfc H # Garfleld* Tel # Br. 572 Treasury finance and capital markets Susan 39 Burr, Tel, Br # 590 Reserve bank and member bank credit Leroy M. Piser, Tel# BrĀ« 565 r Gr. W^ BXattner Tel, Br # 580 Administration, publications! A records* also studies of banking structure & bank & corporate profits Walter R# Gardner Tel# Br # <568 International finance and business January 30 r 1936