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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Clayton, Lawrence, 1891-1949 and Giannini, Amadeo Peter, 1870-1949. Letter to Henry Morgenthau, Jr., Box 020a, Folder 12, Item 1, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/459727, accessed on April 26, 2024.
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Copy of letter Giannini sent to Morgenthau charging Treasury officials with conducting a "whisper campaign" to the detriment of Bank of America's reputation; includes note of transmittal from Clayton to members of the Board of Governors.
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