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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Crowley, Leo and Giannini, Amadeo Peter, 1870-1949. Letter to Senator Pat McCarran, Box 20, Folder 7, Item 23, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/459743, accessed on April 18, 2024.
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Copy of letter Crowley wrote to McCarran regarding denial of application by Bank of Nevada at Las Vegas for deposit insurance; mentions risk presented by overexpansion of credit and expansion of Bank of America; Giannini forwarded letter to Eccles.
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