Correspondence, Drafts, and Statements, 1934-1951

File — Box: 41, Folder: 2-14

Identifier: III

Staff Only

Scope and Contents

From the File: Documents relating to consumer credit control, particularly Regulation W, which was implemented by executive order in 1941. The measure gave the Federal Reserve Board authority to control consumer credit. Despite pressure from the Federal Reserve Board and others to keep Regulation W in effect, Congress allowed it to expire on June 30, 1949. In September 1950, however, President Truman reinstated it by executive order. These documents reflect Eccles' support of the regulation and his economic philosophy in general.

Dates

1934-1951

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.