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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Vest, George B. Memorandum to Board of Governors, Box 68, Folder 10, Item 13, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/461890, accessed on April 16, 2024.
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Subject: Bank Reserves Bill; includes proposed language for a bill to prevent undue credit expansion; bill calls for amendment of Section 19 of the Federal Reserve Act.
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