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Springfield Weekly Republican
Springfield, Hampden County, Massachusetts
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President Coolidge reportedly selected a western man to succeed D. R. Crissinger as governor of the Federal Reserve Board amid western criticisms over agricultural inflation and Chicago Fed policies. (Washington, Sept. 20)
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HEAD RESERVE BOARD
Most Criticism of Board Since War Has Come From That Section
From The Republican's Washington Bureau
Washington, Sept. 20—President Coolidge is understood to have selected a western man for governor of the Federal Reserve board to succeed D. R. Crissinger of Ohio, who recently resigned to enter private business here. It is from the West that the chief criticism of the Federal Reserve board has come since the war, first and chiefly because of charges that it instigated or assisted the inflation of agriculture and more recently because of its action in compelling the Chicago Federal Reserve bank to make operative in its district a discount rate acceptable to the bank.
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Domestic News Details
Primary Location
Washington
Event Date
Sept. 20
Key Persons
Outcome
d. r. crissinger resigned to enter private business; a western man selected as successor for governor of the federal reserve board
Event Details
President Coolidge is understood to have selected a western man for governor of the Federal Reserve board to succeed D. R. Crissinger of Ohio, who recently resigned. Criticism of the board from the West includes charges of instigating agricultural inflation and compelling the Chicago Federal Reserve bank to adopt a specific discount rate.