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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Eccles, Marriner S. (Marriner Stoddard), 1890-1977. Letter to Senator Paul H. Douglas, Box 70, Folder 9, Item 11, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/460687, accessed on April 23, 2024.
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Confidential letter to Douglas illustrating the difficult relationship between the Treasury Department and the Federal Reserve System; Eccles cites episodes from the conflict between the two agencies over preferential discount rates as an example.
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