Letter to Governor Eccles, Box 4, Folder 1, Item 4

Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
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Howe, Louis M. (Louis McHenry), 1871-1936. Letter to Governor Eccles, Box 4, Folder 1, Item 4, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/462510, accessed on March 24, 2023.

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Regarding the authority of the Federal Reserve Banks to purchase U. S. obligations directly from the Treasury.

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