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 and Wachtel, David F. Letter to Mr. Eccles, Box 93, Folder 12, Item 8, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/463685, accessed on April 20, 2024.
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Handwritten letter from David F. Watchel expressing support for Board's decision to increase margin requirements to 100 per cent and support for capital gains tax to prevent speculation; includes Eccles' reply.
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