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Memorandum to the Files, Box 020a, Folder 17, Item 6

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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Clayton, Lawrence, 1891-1949. Memorandum to the Files, Box 020a, Folder 17, Item 6, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/466416, accessed on May 26, 2022.

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Regarding internal discussions to determine whether the Federal Reserve System should confer with the FDIC or Comptroller of the Currency before sending a letter regarding efforts by Transamerica to further expand its bank operations.

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