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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