Testimonies, 1949-1950

File — Box: 70

Identifier: III

Staff Only

Scope and Contents

Testimonies, reports, published articles, and correspondence to and from Eccles concerning the work of the subcommittee on Monetary, Credit, and Fiscal Policies of the Joint Committee on the Economy report. The committee, under the chairmanship of Senator Paul Douglas, Democrat from Illinois, studied the controversy between the Treasury and Federal Reserve Board to try to determine their respective roles in formulating monetary policy. The committee report recommended that Congress restore the supremacy of the Federal Reserve System over the nation's credit structure, but it was not acted upon. The Treasury-Board controversy was finally settled by the actions of Eccles leading to the 1951 Accord. See boxes 61 and 62 and the scrapbook of newsclippings.

Dates

1949-1950

Language of Materials

From the Collection: Collection materials are in English.

Conditions Governing Access

Twenty-four hour advanced notice encouraged. Materials must be used on-site. Access to parts of this collection may be restricted under provisions of state or federal law.