722 JACKSON PLACE, Q E ! V E D
HONORARY TRUSTEESTRUSTEESWILLIAM R. BIGGS, ChairmanHUNTINGTON GILCHRIST, Vice Chairman J t H U R STANTON ADAMSIIEL W. BELLRT D. CALKINSEONARD CARMICHAELNL. GOODWYN, Jfc.iN W. HANESWEBSTER JONESJOHN E. LOCKWOODLEVERETT LYONGEORGE C. MCGHEEROBERT BROOKINGS SMITHLAURENCE F. WHITTEMOREDONALD B. WOODWARDROBERT PERKINS BASSMRS. ROBERT S. BROOKINGSJOHN LEE PRATTHARRY BROOKINGS WALLACEOFFICERS6, LROBERT D . CALKINS7 2 2 JACKSON PLACE, Q E !V E DFebruary 7, 1955Miss Mildred AdamsCommittee on the History ofthe Federal Reserve System33 Liberty StreetNew York 45, New YorkFE3 - .) 1955PresidentMILDRED MARONEYTreasurerELIZABETH H. WILSONSecretarySHELDON B. AKERSExecutive ManagerCOMMITTS-I 0:i TIi HISTORYC? HIEFEDERAL RESERVE SYSTEMDear Miss Adams:I have gone over the draft of your report for publicity purposes*Here are my comments and suggestions.1. I question the advisability of following the organization whichyou have employed in reviewing historically the pilot project, the bankinghistory project, etc* This form of presentation stresses the evolution ofthe project, but leaves the reader none too certain regarding the precisecharacter and purpose of the project, I would suggest that you start witha declarative announcement of the existence and purposes of the Committee,then return to a review of the pilot project; then review work in progressand plans for the future.2. I am not happy over the references to Brookings. On page 1 itis said that the Institution provides office facilities and assistance, andparenthetically, "has a joint interest in the project. " On page 2 the statement says that the principal grant, like the pilot grant, was Mfor administrative reasons put into the hands of Brookings. " This sounds as thoughthe function of Brookings is merely to provide a good address--a practice,I may say, which my Trustees are most ardently against. The facts whichneed to be stressed seem to me to be that the original grant was made fora cooperative undertaking between the Committee and Brookings and thatthe subsequent grant was likewise for a cooperative study in which,according to the agreement between the Committee and the Institution,both parties were to assume "joint responsibility for the administrationof the proposed project. ft Possibly the most satisfactory way of dealingwith this problem would be to make the statement a joint announcementof the Committee and the Institution, and in the statement indicate thatthe project is carried on jointly by the Committee and the Institution, orDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
Miss Adams-2-2/7/55that it is one carried an by the Committee in cooperation with theInstitution* If this language is not satisfactory, then possibly someother way of stating it can be .found.3. In view of the possibility that the historian may be appointedwithin the very near future, I would think it inadvisable to issue thisannouncement until the historian has been appointed. He may wish tostress certain matters that should go into the statement.4. My last question relates to the section on research grantsand stipends. I am fearful that this announcement will result in aflood of applications from graduate students asking grants for thewriting of their dissertations* It will also result in a very considerablenumber of applications for positions frozn younger members of theprofession. I base this expectation on the inquiries and applicationswe have had here as the result of a brief statement that Ed Shaw isspending the next three years at Brookings on a study of Trends inCommercial Banking. This statement appeared in the "Notes" ofAmerican Economic Review and we have had a large number ofinquiries - oral and written - from people who would like to associatethemselves with the project or the Institution. Most of them, of course,are not good prospects*I would suggest instead that the announcement state that the projectwill, or hopes to, arrange for contributions by a number of scholars inthe field, and that it will be glad to cooperate in any way it can infacilitating the research of others in this general field.Sincerely yours,PresidentEnclosureDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
DRAFTCOMMITTEE O N THE HISTORY OF THE FEDERAL RESERVE SYSTEMPilot ProjectA Committee on the Mistoiy of the Federal Reserve System was setup in January, 1954 under a small grant from the Rockefeller Foundation,for the purpose of locating, assembling, and evaluating source materials hitherto inaccessible and -widely scattered - -which might be drawn on fora comprehensive study or series of studies on the fonaation and subsequentdevelopment of Reserve banking in the United States It was felt thatsuch an exploration might bring to light, and preserve for students ofAmerican financial histoiy, important collections of private papers, records, and documents on deposit both within the Reserve System itself andoutside it. Also, this search might perform a valuable service in tappingthe memories of the thinning ranks of retired Reserve System and Treasuryofficials.During this initial phase, from January to June 1954 the centralCommittee consisted of the following members:Allan Sproul, Chairman . Randolph BurgessKobert D. CalkinsWilliam McC, Martin, Jr.Walter W. StewartBonald B. WoodwardPresident, Federal Reserve Bankof flew YorkUnder Secretary of the Treasuryfor Monetary AffairsPresident, Brookings InstitutionChairman, Board of Governors ofthe Federal Reserve SystemMember, Council of Economic Ad*isersChairman of Finance Committee andDirector, Vick Chemical CompanyMiss Mildred Adams was engaged by the Committee as Research Director forthe pilot projectj office facilities and assistance were provided by theFederal Reserve Board, the Federal Reserve Bank of New lork, and theBrookings Institution which has a joint interest in the project.Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
DRAFT-2-Banking History ProjectOn the basis of the findings during this pilot phase, theRockefeller Foundation approved the Committee's application for a secondand larger grant* This, like the pilot grant, was, for administrativeIreasons, put into the hands of Brookings. It will run for five years.With that longer life ahead, the Committee has broadened itsmembership and its scope, adding to its six original members the names ofDr. F # Cyril James, monetary historian, Principal and Vice Chancellor ofMcGlll University, and Dr. Joseph H. Willits, now at the University ofPennsylvania. The research activities of its staff, designed to furnisha central system of reference information for the use of qualified studentsof American financial history, continue. The Committee is now encouragingthe inquiries of economists interested in undertaking the actual writingof historical studies on the Reserve System.One special stuc y has been completed, and another is under way.A first step was taken in the processing of private papers bearing onSystem history through the employment of Dr. Elbert A. Kincaid, ProfessorQneritus at the University of Virginia and a former vice-president of theFederal Reserve bank of Richmond. With the assistance of three graduatestudents, Dr. Kincaid has classified at the University Library the unboundCarter ulass papers which bear on this field. His selective inventory isnow in the hands of the Committee.The second study to be commissioned concerns the activities andthe influence of Benjamin Strong, first Governor of the Federal ReserveBank of flew lork, as a central banker. Professor Lester V. handler ofPrinceton University has been selected by the Committee to do this work.Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
D it A F T-3-Archival MaterialsThe Committee is confident that a wealth of Reserve System materials,now buried in the files of the Reserve oard and the individual ReserveBanks, can be organized and opened to research workers of established competence under a system of clearance to be fostered by this Committee Inaddition to coverage of important materials reposing in the Library of Congress, the Committee would like to have for its central catalogue of sourcematerials information about any collections of private papers, relevant toresearch on the history of the Federal Reserve System, -which are in thepossession of university libraries, banking institutions, or private individuals* Correspondence on this subject will be welcomed*Hesearch Urants and StipendsTo encourage research in the field of American banking historysince the first World War and the promotion of public knowledge of ourfinancial system, the Committee intends also to make jawtantn researchgrants. The staff is building up a roster of names to include both facultymembers of recognized ability in the field of monetaiy economics and recommended graduate students who might be called upon by the Coiomittee forspecial studies to be done under the Coxamittee's auspices* For informationrelating to this program, inquiries should be addressed to The Committeeon the History of the Federal Reserve System, 33 Liberty Street, flew York45, New York. Individuals who would like their names considered for inclusion in the roster are asked to communicate with this Committee at theirearliest convenience*Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis*
PRINCIPAL AMERICAN ECONOMIC JOURNALS1. AMERICAN ECONOMIC REVIEWQuarterlyProf* Bernard F. Haley, Editorc/o American Economic Assn.Stanford UniversityPalo Alto, CaliforniaFor "CoEimuni cations" SectionAlso to: Prof. James BellSecretary-TreasurerNorthwestern UniversityEvanston, IllinoisFor announcementat end-Decembermeeting of Executive Coranittee2. AMERICAN JOURNAL OF ECONOMICSAND SOCIOLOGYQuarterlyRobert Schalkenbach Foundation50 East 69th StreetNew Tork 21, New Tork3. ECONOMETRICAQuarterlyEconometric SocietyThe University of ChicagoChicago 37, Illinois« HARVARD BUSINESS REVIEWQuarterlyHarvard Business SchoolSoldiers FieldBoston 63, Massachusetts5. JOURNAL OF BUSINESSQuarterly.University of ChicagoChicago 37, Illinois6* JOURNAL OF FINANCEDr* Marshall D» Ketchum, EditorAmerican Finance AssociationSchool of BusinessUniversity of ChicagoChicago 37, IllinoisJOURNAL OF POLITICALECONOMTBi-MonthlyProf. Earl J* Hamilton, EditorThe University of ChicagoChicago 37, Illinois3. JOURNAL OF THE AMERICANSTATISTICAL ASSOCIATIONQuarterly1603 * Street, N. V.Washington 6, D* C.9. QUARTERLY JOURNAL OF ECONOMICSQuarterlyProf* E. H. Chamberlin, EditorM-12 Littauer CenterCambridge 38, MassachusettsDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
10* REVIEW OF ECONOMICS ANDSTATISTICSQuarterlyProf. S. E. Harris, EditorHarvard University325 Idttauer CenterCambridge 33, Massachusetts11- SOCIAL RESEARCHQuarterlyGraduate Faculty of Politicaland Social ScienceNew School of Social Research66 V. 12th StreetNew Tork City12. SOUTHERN ECONOMIC JOURNALSouthern Economic AssociationUniversity of North CarolinaChapel Hill, North CarolinaDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
PRINCIPAL ECONOMIC HISTORX JOURNALSI. UNITED STATES AND CANADAAGRICULTURAL BISTORTQuarterlyAgricultural History SocietyU.S. Bureau of Agricultural EconomicsDepartment of AgricultureWashington 25, D. C.BULLETINBusiness Historical Society, Inc.QuarterlyHarvard Business SchoolEXPLORATIONS IN ENTREPRENEUR,- Baker LibraryLers Field. Boston 63. Mass.CANADIAN HISTORICAL REVIEWUniversity of Toronto PressToronto, Ontario, CanadaJOHNS HOPKINS UHIVERSITISTUDIES IN HISTORICAL ANDPOLITICAL SCIENCEQuarterlyJohns Hopkins PressBaltimore 18, MarylandJOURNAL OF ECONOMIC HISTORZEconomic History Association See SPECIAL NOTE BEIOWNew fork University Press* c* CochranNew lork 3, New YoikBalpb MISSISSIPPI VALLEIHISTORICAL REVIEW: AJOURNAL OF AMERICANHISTORIQuarterlyMississippi Valley Historical Assn.Lincoln 1, NebraskaSOUTHWESTERN SOCIAL SCIENCEQUARTERLYSee Special Note belowSouthwestern Social Science Assn.University of OklahomaNorman, OklahomaENGLISHECONOMIC HISTOHI REVIEWEconomic Histoxy SocietyA. and C* Black, Ltd.U Soho Square, London, 1, EnglandNOTE: A new section on "Comments and Criticisms19 (similar to the A.E.R.section on "Ctausunlcations") is to be inaugurated beginning with theWinter issue for 1955* News of new research materials end activitieswill be accepted, subject to a limitation of TOO words*Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
OTHER HISTORICAL JOURNALSI.1. AMERICAN HISTORICAL REVIEWQuarterlyGEHERAL AHD CURRENT HISTORT JOURNALSAmerican Historical AssociationMacndllan Co.6 North 6th StreetRichmond, Virginia2. CURRENT HISTORYMonthlyEvents Publishing C o M Inc«108 Walnut StreetPhiladelphia 6, Pa.3. JOURNAL OF MODERN HISTORYQuarterlyUNiversity of Chicago Press5750 Ellis AvenueChicago 37, IllinoisJOURNAL OP SOUTHERN HISTORYQuarterlySouthern Historical Assn.Louisiana State UniversityBaton Rouge, La*5. NEW ENGLAND QUARTERLYBowdoin UniversityHubbard HallNew Brunswick, Maine6. PACIFIC HISTORICAL REVIEWQuarterlyAmerican Historical Assn*Pacific Coast BranchUniversity of California PressBerkeley U, California7. PACIFIC NORTHWEST QUARTERLYUniversity of WashingtonSeattle 5, Washington8. SOUTH ATLANTIC QUARTERLY(Mainly literary)Dolce University PressDurham, North Carolina9. SOUTHWEST REVIEWMethodist University PressDallas, TexasQuarterly (Literary)10.YALE REVIEW11.SOUTHWESTERN SOCIAL SCIENCEQUARTERLYDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis(Literary)Yale University PressNew Haven 7, ConnecticutSouthwestern Social Science Assn.Norman Oklahoma
BANKIKJ, BUSINESS, AND FINANCIAL PERIODICALSAMERICANAMERICAN AFFAIRSSemi-monthlyBANKINGMonthlyBURROUGHS CLEARING HOUSEMonthlyBUSINESS WEEK eeklyCOMMERCIAL & FINANCIALCHRONICLEWeeklyFEDERAL RESERVE D-WESTERN BANKERMonthlyU.S. HEWSftWORLD REPORTWeeklyNational I n d u s t r i a l Conference Bd.24.7 Park AvenueNev York 17. New YorkAmerican Bankers Association12 East 36th StreetNew York 16. New YorkBurroughs Adding Machine Co.2nd and Burroughs AvenuesDetroit 32. MichiganMcGraw-Hill Publishing Co.330 West 42nd StreetNew Tork 18, New YorkWilliam B. Dana Co.25 Park PlaceNew York 7. New YorkBoard of Governors of theFederal Reserve SystemWashington 25. D. C.Time & Life BuildingRockefeller CenterNew York 20, New York20 N. Wacker DriveChicago JllinoisBankers Publishing Co.757 N. Water StreetMilwaukee 2. Wisconsin1241 24th Street, N.W.Washington, D. C.SELECTED FOREIGN LISTTHE BANKERMonthly IE ECONOMISTWeeklyINSTITUTE OF BANKERSJOURNALQuarterlyTHE STATISTWeeklyDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis72 Coleman StreetLondon, E.C. 2. EnglandEconomist Newspaper, Ltd* % X wjLondon, W* 2?- EnglandBlades, East and Blades, Ltd*17 Abchurch LaneLondon. E. C. A. EnglandStatist Co., Ltd.51 Cannon StreetLondon. E.C. L. EnglandDavid Lawrence, Editor
SELECTED FOREIGN ECONOMIC JOURNALSCANADIAN JOURNAL OF ECONOMICSAND POLITICAL SCIENCEQuarterlyCanadian Political Science Assn.273 Bloor Street WestToronto, Onta*, CanadaECONOMIC JOURNALQuarterlyRoyal Economic SocietyMarshall LibraryDovning StreetCambridge, EnglandECONOMIC RECORDQuarterlyEconomic Society of Australiaand Nev ZealandMelbourne UniversityMelbourne N* 3, AustraliaECONOMICALondon School of EconomicsHoughton StreetAldwychLondon, V« C. 2, EnglandR. S. Sayers1. C RobbinsREVUE D'ECONOMIE BOUTIQUE22 Rue SoufflotPails, FranceChas. RistSOUTH AFRICAN JOURNAL OFECONOMICSP. 0. Box 5316JohannesburgSouth AfricaDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. LouisEditors:Roy F. HarrodE. A. G. Robinson
POLITICAL SCIENCE JOURNALS. AMERICAN POLITICAL SCIENCEREVIEWAmerican Political Science Assn.University of WisconsinMadison 6, WisconsinQuarterly2. POLITICAL SCIENCE QUARTERLYAeadeny of Political ScienceColumbia UniversityNew York 27, New TorkQuarterly3* PUBLIC ADMINISTRATION REVIEWAmerican Society for PublicAdministration1313 East 60th StreetChicago 37, IllinoisQuarterlyPrinceton UnirersityPrinceton, N#w JerseyQuarterlyPUBLIC OPINION QUARTERLYDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
SELECTED LIST OP STATE HISTORICAL SOCIETT JOUBNALSATLANTA HISTORICAL BULLETINIrregularAtlanta Historical SocietyPeters Bldg., Atlanta, Ga.CALIFORNIA HISTORICAL SOCIETTQUARTERU456 McAllister StreetSan Francisco 2, CaliforniaGEORGIA HISTORICAL QUARTERLYGeorgia Historical SocietySavannah, Ga.ILLINOIS STATE HISTORICALSOCIETY JOURNAL(Quarterly)Springfield, IllinoisINDIANA MAGAZINE OF HISTORY(Quarterly)Indiana University and IndianaHistorical SocietyBlooaington, IndianaKANSAS HISTORICIL QUARTERLYKansas State Historical SocietyTopeka, KansasMINNESOTA HISTORIMinnesota Historical SocietyCentral Ave. and Cedar StreetSt. Paul 1, Minn.MISSOURI HISTORICAL REVIEWState Historical Society ofMissouriColumbia, MissouriHEW YORK HISTORICAL SOCIETYQUARTERLYCentral Park V. and 77Ui StreetNew York 2A, New YorkNOW AND THEN(Quarterly)Muncy Historical SocietyMuncy, Pa.NORTHWEST OHIO QUARTERLYToledo, OhioPENNSYLVANIA MAGAZINE OF HISTORIAND BIOGRAPHYHistoilcal Society of Pennsylvania1300 Locust StreetPhiladelphia, Pa.IHODE ISLAND HISTORYRhode Island Historical SocietyProvidence, R. I.Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
COMMITTEE ON THE HISTORY OF THE FEDERAL RESERVE SISTEM **ZPilot ProjecttA Committee on the History of the Federal Reserve System was set ff uupin January, 19 k under a small grant of 416,000 from the RockefellerFoundation, for the purpose of locating, assembling, and evaluating sourceuaterials—hitherto inaccessible and widely scattered--which might bedrawn on for a comprehensive study or series of studies on the formationand subsequent development of Reserve banking over the past four decades.It was felt that such an exploration might bring to light and preserve forpresent and future generations of students of American financial history,important collections of private papers, records, and documents on deposit bwithin the Reserve System itself and'out side on deposit with, private toMrtfritions or, incHjrildiala aa»d might perform a valuable service afee* in tappingthe memories of the thinning ranks of aider Reserve System and Swmw**Treasury officials.Daring this initial phase, from January to June 195b, the centralCommittee consisted of the following members:Allan Sproul, ChairmanW # Randolph BurgessPresident, Federal Reserve Bank of New YorkUnder Secretary of the Treasury forMonetary AffairsRobert D # CalkinsPresident, Brookings InstitutionWilliam HcC # Martin, Jr.Chairman, Board of Governors of the FederalReserve SystemWalter W # StewartMember, Council of Economic AdvisersDonald B # Woodward, Secretary Chairman of Finance Committee, VickChemical CompanyHiss Mildred Adams was engaged by the Committee as Research Director for thepilot project) *&& office facilities and assistance were provided hy the % *** * &** ** M-- Federal Reserve Bank of New York and, Brookings Institution. 2ft view gjgPfflelimited term of the initial grant, Miss Adams concentrated in her quest formaterials on the internal files «id libraries of the Reserve Board and ofthe Reserve Bank* in New York and nearby Reserve Districts. She also con-Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louisretired System oi
2.sought collections of privately heldor the estatestC Main Project!On the basis of the findings during this pilot phase, the RockefellerFoundation approved the Committee's application for a second and Iong6»9*fcermgrant of UlO,000,.to run fdr a period of five years from June, l # l i .TheCooaittee has broadened i t s nrn v r-Th1iT Tty tiiitinu tin fljIt i s now in process of engaging, under a series ofsubgrants to individuals, ni r in11 IP1 -irf ""T ffi tyrtfrgrftfrnnl economists whowill undertake the actual writing of historical studies on the Reserve System,Theselection of a writer or writers for the overall study is under considerationnow by the Committee and a decision is expected before the end of this year*special study i s under way. Professor Lester V#Chandler of Princeton University has been selected by the Committee to do astudy on Ben Strong? Central Banter tinder a two-year contract X beginninghas also been made in the processing of private collections of papersthrough the employment of thft ffafc iQiirtft«awW»ManajywpantXajnoll w t -Dr. A# RLncaid, Professor Sneritus at the University of Virginia and aformer Vice President of the Federal Jteserye Bank of Riclmon pith theassistance of several graduate students. 9»»the Carter Glass papers at theUniversity library Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
The Committee is aiiUuim now/U roft forward with its programof setting up a central system of records for the use of qualifiedstudents4 H H I of American financial history and with its sponsorship of particular pieces of research «1. Archival MaterialsThe Committee is confident that a wealth of Reserve System materials*now buried in the files of the Reserve Board and the individual Reserve Banks*can be organized and opened to research workers of established competenceunder a system of clearance to be set up by this Committee. In addition tocoverage of important materials reposing in the Library of Congress* theCommittee would like to have information for its central catalogue of sourcematerials of any collections of private papers which are in the possessionof university libraries* banking institutions* of private individuals whichare relevant to research on the history of the Federal Reserve System*2# Research Grants and StipendsIn the encouragement of research in the field of American bankinghistory since the first World War and the promotion of public knowledge ofour financial system* the Committee intends to make a number of researchgrants* in addition to building up a central pool and catalogue of basicmaterials It hopes to make a limited number of grants to academic economistsof recognized ability to aid in the execution of their research and also toextend moderate grants to outstanding graduate students to enable them toparticipate in this program. The Committee is therefore interested in buildingup a roster of names of both faculty members and recommended graduate studentswho might be called upon by the Committee for special studies to be doneunder the Committeefs auspices. For information relating to this program*Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
k.inquiries should be addressed to The Committee on the History of theFederal Beserve System, Room 11 33 Liberty Street, Neir York h New York* Individuals who are interested in being considered for inclusion in the roster are asked to cosasunicate with this Committee notlater than March 1,Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
MISC. 13i.3-80M.9-53FEDERAL RESERVE BANK OF NEW YORKROUTE SLIPoTO10/26/54Mi ss AdamsOFK. McKinstryREMARKSDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
FOflM LETTERCOMMITTEE LETTERHEADDateProfessor, „ChainaanDepartment of Economics,UniversityDear ProfessorThe above Committee would like to bring to the attentionof your faculty members and doctoral candidates having a specialinterest in monetary-fiscal problems and in American banking andfinancial history the program of research which it is inauguratingunder a five-year grant from the Rockefeller Foundation, which isto be administered by the Brookings Institution."While the basic framework of the major historical workand the subsidiary special studies, biographies, and volumes ofcollected papers which are being contemplated has not been advancedbeyond the stage of internal discussion, the Committee wishes to makethis preliminary announcement in order to enlist the cooperation andactive support of monetary economists and financial historians inour leading colleges and universities.The Committee would greatlyappreciate anything you can do to publicize this Committee programand activities either by reading the enclosed announcement at one ofyour Departmental meetings and/or by posting it on a bulletin board.The Committee is proposing (1) to set up a system of centralarchives and a catalogue of basic source materials which will providea basis for intensive research on Reserve banking developments overfour decades of experience, and (2) to set aside out of its presentgrant from the Rockefeller Foundation a number of small grants of fundsDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
- 2 to finance specific research projects by faculty members and especiallyqualified graduate students on aspects of Reserve System history.The grants would be extended to faculty members to enable them tomake use of the archival materials which the Committee is in processof assembling. Such grants, it is hoped, would enable senior membersto take short leaves from teaching to do more intensive work ona particular piece of research and give promising younger menan opportunity to pursue personal projects in which the Committeemight have a special interest. They might also be offered to outstanding advanced graduate students who had X K especially promisingstudies under way or who might be fitted in as research assistantsto the men who will do the main studies for the Committee. The grantsor stipends would be for a term of one to five years and scaled to theindividual's requirements for assistance, travel allowances, materials,and relief from teaching. The objective of the Committee is toovercome the signal lacuna which now exists in the field of Americanfinancial history and to promote an understanding of our centralbank operations and policies over the years since the inception of theReserve System.The Committee will be glad to furnish further informationto any member of your faculty who requests it and would also be mostgrateful for any suggestions of names of faculty members or graduatestudents whose projects or proposed studies fall within the scope ofthis Committee's field of research.Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. LouisSincerely yours,Research Assistant
PERHAPS STRESS MORE CENTRAL POOL OF SOURCE MATERIALSAS VALUABLE AID TO CHOSEN SCHOLARS.Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. LouisKM
COMMITTEE ON THE HISTORY OF THE FEDERAL RESERVE SYSTEM33 LIBERTY STREET, N E W YORK 45, N E W YORKTELEPHONE: RECTOR 2-5700, EXTENSION 286ALLAN SPROUL, ChairmanW. RANDOLPH BURGESSROBERT D . CALKINSF. CYRIL JAMESWILLIAM M C C . MARTIN, JR.flatK e y out UJbod aJ -With cooperation ofTHE BROOKINGS INSTITUTION722 JACKSON PLACE, N . W.WASHINGTON 6, D . C.WALTER W. STEWARTDONALD B. WOODWARD, SecretaryOctober 26, 1954MILDRED ADAMS, Research DirectorDear Professor Bell*I am not certain whether this Inquiry should be addressed to youpersonally or to the Editor of the American Economic Review. But in anycase I should like to consult you as to the best means of bringing to theattention of economists, and particularly of financial historians and teachers of money and banking, the research program which is currently beinglaunched on the history of the Federal Reserve System*We have up to now delayed a public announcement pending publication of the Annual Report of the Rockefeller Foundation, which has now beenreleased It seems desirable to give as wide publicity as possible to theobjectives of the Committee which is guiding this program of research incooperation with the Brookings Institution. Such an announcement wouldundoubtedly facilitate our present quest for basic source materials andin the longer run might foster greater interest and research among university economists and graduate students in the area of economic historywhich has been relatively neglected*During the preliminary phase* the activities of the ResearchDirector. Miss Mildred Adams, and her small staff have been largelyexploratory* She has spent roughly the past eight months in interviewingpersons now or formerly connected with the Reserve System to sample theirrecollections and enlist their assistance in the collection (for latercataloging) of private papers which ould be relevant to a systematicstudy of the formation and development of the Reserve System* Effortsare also currently being made to locate and list in a central registerholdings of private papers of both Treasury and Reserve System officialswhich are on deposit with the Library of Congress and with other libraries.A third and very important part of the Research Director1s explorationshave been within the System itself, to discover what materials might beput into a system of central archives which could later on be made available to the selected group of outside scholars who are to do the actualstudies on particular aspects of Reserve System and which, with propersafeguards, might be opened to qualified graduate students*As the work of this Committee gets beyond this initial exploratorystage, we may want to consult many specialists in the field of monetary policyand history within the universities and perhaps, with the help of strategicDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis
-2-grants, encourage more intensive research and the publication of importantstudies on aspects of Reserve banking.I am enclosing a brief descriptive statement regarding the grantmade by the Rockefeller Foundation, the membership of the steering committee,and other relevant details in a f
ROBERT PERKINS BASS MRS. ROBERT S. BROOKINGS JOHN LEE PRATT HARRY BROOKINGS WALLACE OFFICERS 722 JACKSON PLACE, February 7, 1955 Q E ! V E D FE3 - .) 1955 ROBERT D. CALKINS President MILDRED MARONEY Treasurer ELIZABETH H. WILSON Secretary SHELDON B. AKERS Executive Manager COMMITTS-I 0:i TIi HISTORY C? HIE Miss Mildred Adams FEDERAL .
Mercedes RWD Transmission I.D. Chart Transmission Code on the side Transmission Code on the pan rail on the of the case on the drivers side. drivers side. Code Trans. Type Year Transmission Notes 722 3 Speed 1970-83 W3A040 4 Bolt Pan, W/2 Planets 722.1 4 Speed 1970-83 W4B025 4 Bolt Pan, W/3 Planets, Input Shaft 6 1/2” Long
the percy jackson series percy jackson and the lightning thief percy jackson and the sea of monsters percy jackson and the titan's curse percy jackson and the battle of the labyrinth percy jackson and the last olympian the demigod files percy jackson and the greek gods the heroes of olympus series the lost hero the son of neptune the mark of .
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Jackson Health System Employee Handbook 7 1952 The University of Miami Leonard M. Miller of Medicine opens beginning Jackson’s longtime affiliation with UM. 1956 Dr. Robert S. Litwak, Chief of Thoracic Surgery at Jackson, performs the first open-heart surgery in Florida. 1965 Jackson treats burn patients with innovative silver nitrate treatment after the cruise ship,
Jackson Rancheria Casino & Hotel: Jackson Rancheria Dalton Road Project US EPA ARCHIVE DOCUMENT Author "US EPA, Region 9, Clean Water Act Compliance Office" Subject: Contains slide presentation/case study on Jackson Rancheria's Dalton Road Project connecting casino to highway and project shutdown when it was found to lack permitting.
a central part of the Revolution’s narrative, the American Revolution would have never occurred nor followed the course that we know now without the ideas, dreams, and blood spilled by American patriots whose names are not recorded alongside Washington, Jefferson, and Adams in history books. The Road to the War for American Independence By the time the first shots were fired in the American .
