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Pay as You Go Policy

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Pay as You Go Policy

DATE: April 30, 1918

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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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Delano, Frederic Adrian, 1863-1953 and Federal Reserve Board, 1914-1935 "Pay as You Go Policy." April 30, 1918, https://fraser.stlouisfed.org/title/455/item/475446, accessed on May 27, 2022.

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