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. Memorandum for Mr. Clayton, Box 020a, Folder 3, Item 3, Marriner S. Eccles Papers. https://fraser.stlouisfed.org/archival/1343/item/463526, accessed on April 25, 2024.
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Memo from "LEM" regarding statements by A.P. Giannini expressing concerns that the Federal Reserve Bank of New York exerted too much power over the larger Federal Reserve System; includes note of transmittal from Clayton to Eccles.
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