DOCSLIB.ORG

PAPERS OFTHEFEDERAL RESERVE SYSTEM Part1. Legislation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

RESERVEEssays,PAPERSMajorPartReports, 1. Speeches Legislation, and 1913-1960 OF SYSTEM Special THE and FEDERAL PAPERS OF THE FEDERAL RESERVE SYSTEM Part I. Legislation, Major Speeches and Essays, and Special Reports, 1913-1960 Edited by Paul Kesaris Guide Compiled by Robert Lester A Microfilm Project of UNIVERSITY PUBLICATIONS OF AMERICA, INC. 44 North Market Street Frederick, MD 21701 Copyright © 1983 by University Publications of America, Inc. All rights reserved. ISBN 0-89093-509-2. NOTE Chairman23, and Vice-Chairman were Governor1935. and Vice-Governor before August TABLE OF CONTENTS Speeches and Essays 1 Reel I C. Conby Balderston 1 Eugene R. Black 1 Joseph A. Broderick 2 C.E. Cagle 2 Lawrence Clayton 2 Daniel R. Crissinger 2 Edward H. Cunningham 2 Lauchlin Currie 3 Chester C. Davis 3 Frederick A. Delano 4 Ernest G. Draper 4 Reel II J.P. Dreibelbis 5 Marriner S. Eccles 5 Reel III Marriner S. Eccles cont 8 Rudolph Evans 9 E.A. Goldenweiser 9 Glen M. Goodman 11 Charles S. Hamlin 11 Bray Hammond 12 Reel IV William P.G. Harding 12 George R. James 13 George H. King 13 William McC. Martin 14 Reel V Robert C. Masters 15 Thomas B. McCabe 16 Eugene Meyer 17 Adolph C. Miller 17 Reel VI Adolph C. Miller cont 18 Abbot L Mills, Jr 18 John R. Mitchell 19 Henry A. Moehlenpah 19 Carl E. Parry 19 Leo H. Paulger 20 Edmund Platt 20 Oliver S. Powell .... 20 Reel VII Ronald Ransom 22 J.L. Robertson 22 M.S. Szymczak 22 Reel VIII Thomas Woodlief 26 Reel IX James K. Vardaman, Jr ........ 28 Paul M. Warburg 29 B. Magruder Wingfield . 29 Walter Wyatt 30 Ralph A. Young 30 Roy A. Young 31 Legislation and Studies Reels X-XIX 32-48 REEL INDEX Speeches and Essays Reel I C. Conby Balderston, Member, Board of Governors, August 12,1954-March 11,1955; Vice-Chairman, Board of Governors, March 11,1955-1965. 0001 Address before the New Orleans Clearinghouse. "The Economic Landscape." December 10, 1954.10pp. Eugene R. Black, Chairman, Board of Governors, May 19,1933-August 15,1934. 0010 Address before the American Bankers' Association. September 5,1933.12pp. Joseph A. Broderick, Member, Board of Governors, February 3,1936-September 30,1937. 0022 Radio Broadcast. "Adult Education in Banking." September 9,1936.15pp. 0037 Address before the American Institute of Banking, Boston Chapter. "Reserve Requirements and Bank Credits." February 4,1937.14pp. C. Cagle, Assistant Chief, Division of Examinations, 1936-1946. 0051 Address before the Sixth Annual Mid-Continent Regional Conference of Bank Auditors and Comptrollers. "Some Aspects of the Auditor's Position and Responsibility." May 17,1940.21pp. 0072 Statement before the Senate Committee on Labor and Public Welfare. "S. 249." February 4,1949.10pp. Lawrence Clayton, Member, Board of Governors, February 14,1947-December4,1949. 0082 Address before the American Retail Federation, Washington, D.C. March 29,1949. 7pp. 0089 Address before the Mortgage Bankers Association, New York. April 4,1949.8pp. 0097 Address before the Ninth Virginia Bankers' Conference, Charlottesville. Virginia. "The Relationship of the Federal Reserve to the Dual Banking System." September 8,1949.19pp. Daniel R. Crissinger, Chairman, Board of Governors, May 1,1923-September 15,1927. 0116 Remarks before the District of Columbia Farmers' Association. May 24,1923.6pp. 0122 Address before the Pennsylvania State Chamber of Commerce, Harrisburg. October 18,1923.19pp. Edward H. Cunningham, Member, Board of Governors, May 14,1923-November 28,1930. 0141 Address before the American Farm Bureau Federation, Chicago. December 12, 1923. 26pp. 0167 Address before the American Farm Bureau Federation, Chicago. Decembers, 1924. 11PP- 0178 Address before the South Dakota Bankers' Convention, Brookings, South Dakota. June 15.1925.17pp. 0195 Address before the Midwest Training School, Ames, Iowa. July 18,1930.10pp. Lauchlin Currie, Assistant Director, Division of Research and Statistics, 1936-1939. 0205 "Domestic Stability and the Mechanism of Trade Adjustment to International Capital Movements." N.D. 20pp. 0225 "A Report on Deposit Insurance." N.D. 55pp. 0280 "The Failure of Monetary Policy to Prevent the Depression of 1929-1932." 39pp. 0319 Reply to Dr. B.M. Anderson, Jr. from the Quarterly Journal of Economics, August 1935.14pp. 0333 "Stabilization of Purchasing Power through the Use of Public Credit" before the American Economic Association, Chicago, Illinois. December 30,1936.18pp. 0351 "The Economic Distribution of Demand Deposits." December 23,1937.18pp. 0369 "The Behavior of Deposits." February 23, 1928.16pp. 0385 Statement Submitted to the Temporary National Economic Committee. May 16, 1939. 46pp. Chester C. Davis, Member, Board of Governors, June 25,1936-April 15,1941 0431 Address at the Annual Meeting of the American Farm Bureau Federation, Pasadena, California. December 10,1936. 21pp. 0452 "Education and Democracy." May 12,1937. 8pp. 0460 Speech at the Montana Bankers' Association, Glacier National Park, Montana. June 25,1937. 18pp. 0478 Speech at the Southwestern Bankers' Convention, El Paso, Texas. "The Business Picture and Monetary Policy." November 13, 1937. 14pp. 0492 Address at the Farm and Home Convention, Lexington, Kentucky. "Some Thoughts on Agricultural Policy." January 28,1938.17pp. 0509 Address at the Annual Meeting of the U.S. Chamber of Commerce, Washington, D.C. "Agricultural Purchasing Power as a Factor in General Prosperity." May 3, 1938. 13pp. 0522 Address at the Annual Meeting of the Iowa Bankers' Association, Des Moines, Iowa. "At the Crossroads." June 8.1938.13pp. 0535 Speech at the Opening of the New Federal Reserve Bank Building, Helena, Montana. June 17,1938. 8pp. 0543 Address before the Minnesota Bankers' Association, Minneapolis, Minnesota. June 25, 1938.12pp. 0555 Address before the Twentieth Annual Meeting of the American Farm Bureau Federation, New Orleans. December 14, 1938. 13pp. 0568 Address before the Mid-South Farm Forum, Memphis. "An Advancing South." December 15,1938. 9pp. 0577 Address before the Maryland Farm Bureau, Baltimore. "Agriculture, Industry, Labor." January 12,1939. 11pp. 0588 Address before the National Farm Institute. Des Moines, Iowa. "Agricultural Prices and Price Relationships." February 7,1939.16pp. 0604 Address before the Fifteenth Annual Session of the American Institute of Cooperation, Chicago. "The Relation of Monetary Policies to Price Levels of Basic Commodities." August 9,1939. 24pp. 0628 Address before the American Farm Economic Association, Philadelphia. "The Place of Farmers, Economists, and Administrators in Developing Agricultural Policy." December 29,1939.15pp. 0643 Address before the Fourth Annual Session of the National Farm Institute, Des Moines, Iowa. "Can We Control a War Boom in Agriculture?" February 23,1940. 14pp. 0657 Address before the Annual Meeting of the Southern States Cooperative, Baltimore. "American Agriculture and National Defense." November 1,1940.15pp. 0672 Address before the Fifty-Fourth Annual Convention of the Association of Land- Grant Colleges and Universities, Chicago. "Agriculture and Armament." November 13.1940.12pp. 0684 Address before the Twenty-Second Annual Meeting of the American Farm Bureau Federation, Baltimore. "Agriculture and the Defense Program." December 10,1940. 15pp. 0699 Address before the Twenty-Fifth Meeting of the Illinois Agricultural Association, St. Louis. "The Relation of Agriculture to the National Defense Program." January 31, 1941.14pp. 0713 Address before the St. Paul Association of Commerce, St. Paul, Minnesota. April 15, 1941.12pp. Frederick A. Delano, Member, Board of Governors, August 10,1914-July 21,1918, Vice-Chairman, August 10,1914-August 9,1916. 0725 Address before the Baltimore Association of Credit Men, Baltimore. "The Federal Reserve Act and the Place It Is to Occupy in American Finance." February 16,1915. 68pp. 0793 Address before the North Carolina Beef Breeders and Feeders Association, Pinehurst, North Carolina. April 10.1915.16pp. 0809 Address before the American Bankers' Association, Seattle. September 8, 1915. 11pp. 0820 Address before the Railway Business Association, New York. "The Railway Problem." January 16,1917.10pp. 0830 "Financing the War.". May 24,1918.14pp. Ernest G. Draper, Member, Board of Governors, March 30,1938-September 1,1950. 0844 Address before the School of Business Administration of the University of Minnesota, Minneapolis. "The Federal Reserve System in a Changing World." May 9. 1939.11pp. 0855 Statement regarding S. 2343. June 2.1939. 0862 "Small Business and Its Credit Problem." October 1,1939.12pp. 0874 Address before the Economic Club of Detroit, Detroit. "The Federal Reserve in Time of European War." April 22.1940. 12pp. 0886 Address before the New School for Social Research, New York. "Production, Defense, and Small Business." February 18,1941.15pp. 0901 Summary of a Paper to be Presented before the Colmer Committee. "Supplying the Credit Needs of Business in the Transition and Early Postwar Period." April 26,1945. 11pp. 0912 Supplemental Statement Filed with the Colmer Committee. May 17,1945. 23pp. 0935 Talk before the Savings Bonds Conference Dinner. September 18,1946. 4pp. 0939 Radio Interview. September 26, 1946. 6pp. Reel II J.P. Dreibelbis, Assistant General Counsel, 1936-1944. 0001 Talk before the Texas Bankers' Conference. "Administrative Law Encountered in Bank Management." September 1,1941.18pp. Marriner S. Eccles, Member, November 15,1934-July 14,1951; Chairman, November 15,1934-January 31,1948. 0018 Press Conference on the Changes in the Banking Laws. February 8,1935. 8pp. 0026 Address before the Ohio Bankers' Association, Columbus, Ohio. "Monetary Problems of Recovery." February 12, 1935. 11pp. 0037 Radio Speech on the Banking Bill of 1935. May 25, 1935. 11pp. 0048 Radio Speech. "The Consumer's Stake in Sound Money." June 4,1935. 7pp. 0055 Address before the Pennsylvania Bankers' Association, Scranton. "The Banking Bill of 1935." n.d. 7pp. 0062 Statement on Inflation and Reserves. November 22,1935. 5pp. 0067 Address before the American Bankers' Association, New Orleans. November 14, 1935. 23pp. 0090 Address before Business and Professional Men's Group, University of Cincinnati.
Recommended publications
  • Observations on Regulation D and the Use of Reserve Requirements

    Observations on Regulation D and the Use of Reserve Requirements

    United States Government Accountability Office Report to Congressional Requesters October 2016 FEDERAL RESERVE Observations on Regulation D and the Use of Reserve Requirements GAO-17-117 October 2016 FEDERAL RESERVE Observations on Regulation D and the Use of Reserve Requirements Highlights of GAO-17-117, a report to congressional requesters Why GAO Did This Study What GAO Found Section 19 of the Federal Reserve Act The methods by which depository institutions can implement Regulation D requires depository institutions to (Reserve Requirements of Depository Institutions) include maintaining reserves maintain reserves against a portion of against transaction accounts and enforcing a numeric transfer and withdrawal their transaction accounts solely for the (transaction) limit for savings deposits if they wish to avoid classifying those implementation of monetary policy. accounts as reservable transaction accounts. GAO estimates that 70–78 percent Regulation D implements section 19, of depository institutions limit savings deposit transactions. Other methods and it also requires institutions to limit include automatically transferring balances from transaction (e.g., checking) certain kinds of transfers and accounts to savings deposits in order to reduce reserve requirements. Institutions withdrawals from savings deposits to may choose to maintain transaction account reserves against savings deposits to not more than six per month or eliminate the need to enforce the transaction limit. But some institutions GAO statement cycle if they wish to avoid having to maintain reserves against surveyed indicated that they had operational burdens associated with monitoring these accounts. The transaction limit and enforcing the transaction limit (for example, 63–73 percent cited challenges, allows the Federal Reserve to such as creating forms and converting and closing accounts).
  • Commercial Bank Examination Manual, Section

    Commercial Bank Examination Manual, Section

    8000—STATUTES ADMINISTERED BY THE FEDERAL RESERVE The 8000 series provides a table of statutes and United States Code where the statute can be regulations that apply to the Federal Reserve found. The table includes a summary of the System and to banking institutions that the particular section of the statute as well as the Federal Reserve Board supervises and regulates. implementing regulation from the Code of The table provides the name of the law, as Federal Regulations (CFR). enacted by Congress, and the section of the Commercial Bank Examination Manual May 2021 Page 1 Statutes and Regulations Administered by the Federal Reserve Effective date May 2000 Section 8000.1 Following is a table of statutes and regulations Description. A summary of the particular that apply to the Federal Reserve System and to section of the statute. banking institutions that the Federal Reserve Board supervises and regulates. The table con- FRB regulation. The implementing regula- sists of five columns: tion, usually the Federal Reserve regulation, and the appropriate citation from the Code of Fed- Statute. The name of the law as enacted by eral Regulations (CFR). Congress and the section. FRRS locator number. The location of the U.S. Code citation. The section of the United statute, regulation, or other reference in the States Code where the statute can be found. Federal Reserve Regulatory Service (FRRS). U.S. FRRS Code FRB Locator Statute Citation Description Regulation Number Federal Election 2 USC Limits political contributions by Campaign Act 441b member banks. Foreign Gifts 5 USC Restricts Board members’ and Rules Regarding 8-610 and Decorations 7342 employees’ acceptance of foreign Foreign Gifts et seq.
  • NCLC, NCRC, and CRL Comments to the OCC Opposing Application Of

    NCLC, NCRC, and CRL Comments to the OCC Opposing Application Of

    December 7th, 2020 Mr. Louis Gittleman Director for District Licensing Western District Office 1225 17th Street, Suite 300 Denver, CO 80202 RE: Figure Bank, National Association: Charter application Dear Director Gittleman: Please accept this comment from the National Community Reinvestment Coalition, the National Consumer Law Center® and the Center for Responsible Lending opposing the application from Figure Technologies for a national bank charter and to establish Figure Bank. The National Community Reinvestment Coalition (NCRC) consists of more than 600 community- based organizations, fighting for economic justice for almost 30 years. Our mission is to create opportunities for people and communities to build and maintain wealth. NCRC members include community reinvestment organizations, community development corporations, local and state government agencies, faith-based institutions, fair housing and civil rights groups, minority and women- owned business associations, and housing counselors from across the nation. NCRC and its members work to create wealth opportunities by eliminating discriminatory lending practices, which have historically contributed to economic inequality. Since 1969, the nonprofit National Consumer Law Center® (NCLC®) has used its expertise in consumer law and energy policy to work for consumer justice and economic security for low-income and other disadvantaged people, including older adults, in the United States. NCLC’s expertise includes policy analysis and advocacy; consumer law and energy publications; litigation; expert witness services, and training and advice for advocates. NCLC works with nonprofit and legal services organizations, private attorneys, policymakers, and federal and state government and courts across the nation to stop exploitive practices, help financially stressed families build and retain wealth, and advance economic fairness.
  • Sixty-Fifth Congress, First Session.

    Sixty-Fifth Congress, First Session.

    - SIXTY-FIFTH CONGRESS, FIRST SESSION. - 99 . ~ I ... atnngrtssinnal ·Jtcnrd. PROCEEDINGS AND DEBATES OF THE SIXTY -FIFTH _CONGRESS, FIRST SESSION. Hale Lewis Pomerene Stone SENATE. Hardwick Lodge .Ransdell Sutherland Hitchcock McCumber Reed Swanson lfoNDAY, ApriZ 13, 1917. Rusting McKellar Robinson Thompson James . McLean Saulsbury Tillma n The first session of the Sixty-fifth Congress commenced this Johnson, Cal. Martin Sbafroth Townsend day at the Capitol, in the city of Washington, in pursuance of Johnson, S.Dak. Myers Sheppard Underwood Jones, N. Mex. Nelson Sherman Vardatna n the proclamation of the President of the United States of the Jones, Wash. New Shields Wadsworth 21st <lay of March, 1917. Kellogg Norris Simmons Walsh The VICE PRESIDENT (THOMAS R. MARSHALL, of Indiana) Kendrick Overman Smith, Ariz. Wa rren Kenyon Owen Smith, Ga. Watson called the Senate to order at 12 o'clock noon. King Page Smith, Md. Weeks Rev. J. L. Kibler, of the city of Washington, offe1·ed the fol­ Kirby Penrose Smith, Mich. Williams Knox Phelan Smith, S.C. Wolcott lowing prayer : La Fo1lette Pittman Smoot In the simplicity of our hearts, 0 God, and in the very depths Lane Poindexter Sterling of humility we come into Thy presence. At the opening of this extraordinary session of Congress we come first to seek Thy Mr. FLETCHER. I desire to announce that my colleaguo guiding hand. Amid the confusion and violence of the world [Mr. TRAMMELL] is unavoidably absent on account of sickness in his family. to-day w~ can not know the things that may shortly come to pass. Lead us, 0 God, through the darkness until the day Mr.
  • Major Banking Laws

    Major Banking Laws

    Major U.S. Banking Laws The most important laws that have affected the banking industry in the United States are listed below (in chronological order). • National Bank Act of 1864 (Chapter 106, 13 STAT. 99). Established a national banking system and the chartering of national banks. • Federal Reserve Act of 1913 (P.L. 63-43, 38 STAT. 251, 12 USC 221). Established the Federal Reserve System as the central banking system of the U.S. • The McFadden Act of 1927 (P.L. 69-639, 44 STAT. 1224). Amended the National Banking Laws and the Federal Reserve Act and prohibited interstate banking. • Banking Act of 1933 (P.L. 73-66, 48 STAT. 162). Also known as the Glass-Steagall Act. Established the FDIC as a temporary agency. Separated commercial banking from investment banking, establishing them as separate lines of commerce. • Banking Act of 1935 (P.L. 74-305, 49 STAT. 684). Established the FDIC as a permanent agency of the government. It extended the branching provisions of the Banking Act of 1933 to FDIC non-members and required state member banks to obtain Federal Reserve Board approval of new branches. • Soldiers and Sailors Civil Relief Act of 1940 (50 App. U.S.C. § 501). The Soldiers' and Sailors' Civil Relief Act of 1940 (SSCRA), as amended, was passed by Congress to provide protection for individuals entering or called to active duty in the military service. It is intended to postpone or suspend certain civil obligations to enable servicemembers to devote full attention to duty. The Act applies to the United States, the states, the District of Columbia, all U.S.
  • OFFICIAL PUBLICATION September, 1920

    OFFICIAL PUBLICATION September, 1920

    OFFICIAL PUBLICATION INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS,. II .Oi-JJ"l B September, 1920 AFFILIATED WITH THE AMERICAN FEDERATION OF LABOR IN ALL ITS o EPA R T MEN T S II at!.!. II DEVOTED TO THE CAUSE OF ORGANIZED LABOR \1 -r t:Si.A 1\ II 302~ HOUR FIXTURES ARE LIGHTING. HOMES FROM COAST ·TO COAST" We have a dealer's proposition that will interest you. Our prices are low and quality of the best. Catalogue No. 18 free ERIE FIXTURE SUPPLY CO. 359 West 18th St.. Erie. Pa. Blake Insulated Staples BLAKE "3 1<6 4 Size. Signal &. Mfg. Co. BOSTON :-: MASS. Pat. No... 1900 BLAKE TUBE FLUX Pat. July 1906 11 Convenient to carry and to use. Will nut ~ollect dust- and dirt nor ,K'et on tools in kite You can get the snlder­ ina' flux just where you want it and in just the desired quantity. Named shoes are frequently made in non-union factories DO NOT BUY ANY SHOE :\'0 matter what its name, unle!>!> it bears a plain and readable impression of the UNION STAMP All shoes without the UNION STAMP are always Non-Union Do not accept any excuse for absence of the UNION STAMP BOOT AND SHOE WORKERS' UNION 216 ~ummer Street, Boston. Mass. ('.ollis Lovely, General Prell. Charles L. Baine, General'Sec.-Trea". When writing mention The Journal of Electrical Workers and Operators. The Journal of Electrical Workers and Operators • OFFICIAL PUBLICATION OF THE International Brotherhood of Electrical Worken Affiliated with the American Federation of Labor and aU Its Departments.
  • National Bank Act of 1863 Gale Encyclopedia of U.S

    National Bank Act of 1863 Gale Encyclopedia of U.S

    3/30/2014 www.encyclopedia.com/utility/printdocument.aspx?id=1G2:3406400620 National Bank Act of 1863 Gale Encyclopedia of U.S. Economic History 2000 NATIONAL BANK ACT OF 1863 The National Bank Act of 1863 was designed to create a national banking system, float federal war loans, and establish a national currency. Congress passed the act to help resolve the financial crisis that emerged during the early days of the American Civil War (1861–1865). The fight with the South was expensive and no effective tax program had been drawn up to finance it. In December 1861 banks suspended specie payments (payments in gold or silver coins for paper currency called notes or bills). People could no longer convert bank notes into coins. Government responded by passing the Legal Tender Act (1862), issuing $150 million in national notes called greenbacks. However, bank notes (paper bills issued by state banks) accounted for most of the currency in circulation. In order to bring financial stability to the nation and fund the war effort, the National Bank Act of 1863 was introduced in the Senate in January of that year. Republican congressman from Pennsylvania Thaddeus Stevens (1792–1868) opposed the act; Secretary of the Treasury Salmon Chase (1808–73), aided by Senator John Sherman (1823–1900) of Ohio, promoted it. The bill was approved in the Senate by a close vote of 23 to 21, and the House passed the legislation in February. National banks that were organized under the act were required to purchase government bonds as a condition of start-up.
  • Federal Preemption in the Dual Banking System: an Overview and Issues for the 116Th Congress

    Federal Preemption in the Dual Banking System: an Overview and Issues for the 116Th Congress

    Federal Preemption in the Dual Banking System: An Overview and Issues for the 116th Congress May 17, 2019 Congressional Research Service https://crsreports.congress.gov R45726 SUMMARY R45726 Federal Preemption in the May 17, 2019 Dual Banking System: An Overview Jay B. Sykes Legislative Attorney and Issues for the 116th Congress Banks play a critical role in the United States economy, channeling money from savers to borrowers and facilitating productive investment. While the nature of lawmakers’ interest in bank regulation has shifted over time, most bank regulations fall into one of three general categories. First, banks must abide by a variety of safety-and-soundness requirements designed to minimize the risk of their failure and maintain macroeconomic stability. Second, banks must comply with consumer protection rules intended to deter abusive practices and provide consumers with complete information about financial products and services. Third, banks are subject to various reporting, recordkeeping, and anti-money laundering requirements designed to assist law enforcement in investigating criminal activity. The substantive content of these requirements remains the subject of intense debate. However, the division of regulatory authority over banks between the federal government and the states plays a key role in shaping that content. In some cases, federal law displaces (or “preempts”) state bank regulations. In other cases, states are permitted to supplement federal regulations with different, sometimes stricter requirements. Because of its substantive implications, federal preemption has recently become a flashpoint in debates surrounding bank regulation. In the American “dual banking system,” banks can apply for a national charter from the Office of the Comptroller of the Currency (OCC) or a state charter from a state’s banking authority.
  • Annual Report 2009

    Annual Report 2009

    Federal Reserve System Organization Federal Reserve System Organization 395 Board of Governors December 31, 2009 Members Term expires Mark E. Van Der Weide, Assistant January 31, General Counsel Ben S. Bernanke, Chairman1 . 2020 Cary K. Williams, Assistant General Counsel Donald L. Kohn, Vice Chairman1 . 2016 Kevin M. Warsh . 2018 Elizabeth A. Duke . 2012 Office of the Secretary Daniel K. Tarullo . 2022 Jennifer J. Johnson, Secretary Robert deV. Frierson, Deputy Secretary Officers Margaret M. Shanks, Associate Office of Board Members Secretary Michelle A. Smith, Director Division of Linda L. Robertson, Assistant to the Board International Finance Laricke D. Blanchard, Assistant to the D. Nathan Sheets, Director Board Thomas A. Connors, Deputy Director Rosanna Pianalto-Cameron, Assistant to Steven B. Kamin, Deputy Director the Board Joseph E. Gagnon, Associate Director David W. Skidmore, Assistant to the Board Michael P. Leahy, Associate Director Brian J. Gross, Special Assistant to the Ralph W. Tryon, Associate Director Board for Congressional Liaison Trevor A. Reeve, Deputy Associate Robert M. Pribble, Special Assistant to Director the Board for Congressional Liaison John H. Rogers, Deputy Associate Director Lucretia M. Boyer, Special Assistant to Christopher J. Erceg, Assistant Director the Board for Public Information Linda S. Kole, Assistant Director Winthrop P. Hambley, Senior Adviser Mark S. Carey, Adviser Legal Division Jane Haltmaier, Adviser Scott G. Alvarez, General Counsel Richard M. Ashton, Deputy General Division of Counsel Monetary Affairs Kathleen M. O’Day, Deputy General Brian F. Madigan, Director Counsel James A. Clouse, Deputy Director Stephanie Martin, Associate General Deborah J. Danker, Deputy Director Counsel William B. English, Deputy Director Ann Misback, Associate General Counsel Cheryl L.
  • Community Reinvestment Act (CRA) Fact Sheet

    Community Reinvestment Act (CRA) Fact Sheet

    Community Reinvestment Act (CRA) Fact Sheet Overview This fact sheet provides a general overview of the Community Reinvestment Act (CRA). Included is information pertaining to the CRA’s implementation, requirements for financial institutions and federal regulatory agencies, the existing guidelines for evaluating financial institutions, the purpose and availability of CRA records, as well as information pertaining to 1995 reforms. The information provided below is intended to assist economic development practitioners and community bankers in better understanding the federal regulations governing the financial service industry. Through the information provided in this fact sheet, readers will gain a better understanding of CRA requirements, how they developed, and how they affect financial institutions today. Implementation The Community Reinvestment Act of 1977 primarily addressed redlining – the practice by financial institutions of denying or increasing the cost of banking or insurance servi ces to residents of certain areas.i The concept of redlining was introduced in 1973 when community groups based in Chicago denounced local banks’ discriminatory lending practices. Pressure from community groups prompted Illinois to pass the first anti-redlining regulation.ii The Illinois legislation identified redlining as "the practice of arbitrarily varying the terms of application procedures or refusing to grant a… loan within a specific geographic area on the ground that the specific parcel of real- estate proposed as collateral for the loan is located within said geographical area." Following Illinois’ enactment of its anti-redlining legislation, victims of redlined communities throughout the United States demanded state, and eventually, national regulation. Congress’ first step in addressing redlining was the enactment of the Home Mortgage Disclosure Act (HMDA).
  • President Wilson's War Address to Congress and Proclatnation

    President Wilson's War Address to Congress and Proclatnation

    D 8 619 .A2 1917f President Wilson's War Address to Congress and Proclatnation together with Joint Resolution of House and Senate, giving names of those voting for and against the measure Illustrated with Reproductions of Original Photographs never before published Ftf~ 211 1~20 \ \ ...._ __ ,I ./ I / \, Connecticut State Library I1 11\11 IIIII 11\11II III ~\II \\1~ IIIIIII III \\\11\\11\1\\\\ 11\\\ \Ill\\ 1\\\\11\\ II\ 3 0231 01325 0787 P r esident Wilson's War Address to Con gress an d Proclamat ion together with Joint Resolution of House and Senate giving names of those voting for and against the measure inet'hSevent een Verbatim Copy of the Historic Address Delivered in Congress, April 2, 1917 At the first day's session of the Sixty-fifth Congress of the United States of America, Monday, April 2, of this year, President Wilson appeared before the members of both Houses, assembled in joint session, and read his war message. Statesmen the world over have characterized this message as "the most momentous which any President of the United States has ever been called upon to make." Its tremendous influence for good is being felt all over the earth. It is for you to read and to study. Preserve it carefully. It is one of the most notable documents that has been given to the people since the dawn of the United States of America, one hundred and forty­ one years ago. Great Men of Europe Praise theWar Message of President Wilson "This message, by its virile simplicity, attains a grandeur with which few historic documents can compare."-RENE VIVIANI, French Minister of Justice.
  • Sixty-Third Congress March 4, 1913, to March 3, 1915

    Sixty-Third Congress March 4, 1913, to March 3, 1915

    SIXTY-THIRD CONGRESS MARCH 4, 1913, TO MARCH 3, 1915 FIRST SESSION—April 7, 1913, to December 1, 1913 SECOND SESSION—December 1, 1913, to October 24, 1914 THIRD SESSION—December 7, 1914, to March 3, 1915 SPECIAL SESSION OF THE SENATE—March 4, 1913, to March 17, 1913 VICE PRESIDENT OF THE UNITED STATES—THOMAS R. MARSHALL, of Indiana PRESIDENT PRO TEMPORE OF THE SENATE—JAMES P. CLARKE, 1 of Arkansas SECRETARY OF THE SENATE—CHARLES G. BENNETT, of New York; JAMES M. BAKER, 2 of South Carolina SERGEANT AT ARMS OF THE SENATE—EDGAR LIVINGSTONE CORNELIUS, of Maryland; CHARLES P. HIGGINS, 3 of Missouri SPEAKER OF THE HOUSE OF REPRESENTATIVES—CHAMP CLARK, 4 of Missouri CLERK OF THE HOUSE—SOUTH TRIMBLE, 5 of Kentucky SERGEANT AT ARMS OF THE HOUSE—CHARLES F. RIDDELL, of Indiana; ROBERT B. GORDON, 6 of Ohio DOORKEEPER OF THE HOUSE—JOSEPH J. SINNOTT, of Virginia POSTMASTER OF THE HOUSE—WILLIAM M. DUNBAR ALABAMA Marcus A. Smith, Tucson John E. Raker, Alturas SENATORS REPRESENTATIVE AT LARGE Charles F. Curry, Sacramento John H. Bankhead, Jasper Carl Hayden, Phoenix Julius Kahn, San Francisco Joseph F. Johnston, 7 Birmingham John I. Nolan, San Francisco Frank S. White, 8 Birmingham ARKANSAS Joseph R. Knowland, Alameda SENATORS Denver S. Church, Fresno REPRESENTATIVES Everis A. Hayes, San Jose George W. Taylor, Demopolis James P. Clarke, Little Rock Joseph T. Robinson, Little Rock Charles W. Bell, Pasadena S. Hubert Dent, Jr., Montgomery William D. Stephens, Los Angeles 9 REPRESENTATIVES Henry D. Clayton, Eufaula William Kettner, San Diego William O. Mulkey, 10 Geneva Thaddeus H.