Memorandum to Chairman Eccles, Box 68, Folder 3, Item 3

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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Leonard, Robert F. (Robert Fleming). Memorandum to Chairman Eccles, Box 68, Folder 3, Item 3, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/466192, accessed on May 18, 2022.

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Regarding legislation pending in New Jersey to permit branch banking; measure was supported by a New Jersey bank that applied for withdrawal from Federal Reserve System, citing difficulty in expanding to out-of-town locations.

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