Memorandum to Mr. Eccles, Box 19, Folder 5, Item 12

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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Sherman, Merritt. Memorandum to Mr. Eccles, Box 19, Folder 5, Item 12, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/465675, accessed on May 23, 2022.

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Documenting a decision by the Board of Governors to direct future inquiries from Transamerica's lawyers the Board's counsel, in light of Transamerica's intention to challenge the Board's complaint under the Clayton Act in the courts.

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