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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Musgrave, Richard A. (Richard Abel), 1910-2007. Memorandum to Chairman Eccles, Box 93, Folder 1, Item 6, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/462042, accessed on April 25, 2024.
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Subject: Comments on objections to capital gains tax; includes figures from 1929 to illustrate talking points offered in the memo and note of transmittal from Musgrave.
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