Commission on Money and Credit, 1958-1961

File — Box: 171

Identifier: VIII

Staff Only

Scope and Contents

Documents related to Eccles' work on the Commission on Money and Credit, established in 1958 by the Committee for Economic Development as a self-governing body to study the financial and monetary institutions of the United States. Such a study had not been undertaken since 1906 when the Albrich Commission performed a similar task, which eventually led to the establishment of a central banking system-the Federal Reserve-in 1913.

The Commission on Money and Credit, financed by its mother organization and the Ford Foundation, published its report in 1961 amid criticism for its failure to produce new ideas. Eccles recognized the commission's shortcomings and filed a short dissenting opinion with the report.

Dates

1958-1961

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.