Benjamin Strong Jr. Papers
Title
Benjamin Strong Jr. Papers
Creator
Federal Reserve Bank of New York
Identifier
MS100010
Date
1907-1927, two letters from 1942
Description
Benjamin Strong Jr. was appointed first governor of the Federal Reserve Bank of New York upon its formation in 1914. The papers consist of letters between Strong and various Wilson-era cabinet officials, such as Treasury Secretaries William G. McAdoo and Carter Glass, Secretaries of State William Jennings Bryan and Robert Lansing, and Secretary of the Navy Josephus Daniels. The papers also contain documents relating to the formation of the Federal Reserve Bank, and the Liberty Loan campaigns during the First World War.
Source
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Publisher
Woodrow Wilson Presidential Library
Subject
Federal Reserve banks
Banks and banking
Banks and banking--United States
Language
English
Collection Items
Benjamin Strong Papers at the Federal Reserve Bank of New York Finding Aid
Letters between Treasury Secretary Strong and Wilson on origins of the Federal Reserve, funding WWI.
Benjamin Strong Jr. to William G. McAdoo
Benjmain Strong Jr. writes William G. McAdoo regarding the latter's trip to Colorado.
Excerpt From Document Discussing Amendments to Owen-Glass Bill by Senate Committee on Banking and Currency
Incomplete.
![Draft of "Uncompleted Matter"](https://presidentwilson.org/files/square_thumbnails/3e0b1aaf9c4fe28b19be4e16d741f2ee.jpg "Draft of "Uncompleted Matter"")
![First Revision of "Operations and Collection Charges," Sec. 15](https://presidentwilson.org/files/square_thumbnails/88ed729cc925d0f0ee5c554bea729a2d.jpg "First Revision of "Operations and Collection Charges," Sec. 15")
![First Revision of "Limitation of Discounts," Sec. 17](https://presidentwilson.org/files/square_thumbnails/3dd3bbd21570bc6fe647eb592477bd7c.jpg "First Revision of "Limitation of Discounts," Sec. 17")
![First Revision of "Acceptances," Sec. 19](https://presidentwilson.org/files/square_thumbnails/d6233d452c6ba39431b876552d611401.jpg "First Revision of "Acceptances," Sec. 19")
![First Revision of the "Rate of Discount," Sec. 25](https://presidentwilson.org/files/square_thumbnails/c9ff3c353b6bc309f0348d53b9cfa0de.jpg "First Revision of the "Rate of Discount," Sec. 25")
![First Revision of "Refunding Notes," Sec. 26](https://presidentwilson.org/files/square_thumbnails/992982b66355ddd1428516b9f0e1a3c1.jpg "First Revision of "Refunding Notes," Sec. 26")
![First Revision of "Bank Examinations," Sec. 29](https://presidentwilson.org/files/square_thumbnails/4aed2a166e6cddb6dca97f0ad516d333.jpg "First Revision of "Bank Examinations," Sec. 29")
Description of Securities Acceptable as Collateral for Government Deposits
A description of securities acceptable as collateral for government deposits.
Total Requirements of Raw Materials of Allied and Enemy Countries for One Month
This report gives total requirements of raw materials for allied and enemy countries in World War I.
![Draft of "Points Still to Be Embodied"](https://presidentwilson.org/files/square_thumbnails/951e5c015ac82334e97418abaf9bc5a3.jpg "Draft of "Points Still to Be Embodied"")
The Suggested Pro Rata Ownership of Federal Reserve Banks
Benjamin Strong reports on different aspects in consideration regarding the ownership of Federal Reserve Banks.
Announcement of the Gold Fund Committee
The Gold Fund Committee announces it is now prepared to receive applications for checks on London.
A Cablegram on the Sale of German Gold to the United States
A bank document of measurements for Benjamin Strong Jr.
Invitation to a Banker's Conference
An invitiation to a bankers' meeting at the Treasury Department.
Colonel House to Benjamin Strong Jr.
Edward M. House plans a meeting with Benjamin Strong Jr. on Friday.
Description of Securities Available for Discount or Collateral at the Federal Reserve Bank
A description of securities available for discount or collateral at the Federal Reserve Act.
Arrangements for Transfers of Liberty Loan Bonds
A letter outlining the procedures for the transfer of Liberty Loan bonds.
Benjamin Strong III to Clarence F. Pritchard
Benjamin Strong III thanks Clarence F. Pritchard for Liberty Loan material
Clarence F. Pritchard to Benjamin Strong III
Clarence F. Pritchard sends Benjamin Strong III some items relating to his father.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. wishes Carter Glass's son-in-law a quick recovery.
Carter Glass to Benjamin Strong Jr.
Carter Glass informs Benjamin Strong Jr. that his son-in-law's operation went well.
Carter Glass to Benjamin Strong Jr.
Carter Glass thanks Benjamin Strong Jr. for the statistics on American banks, and informs him of his son-in-law's health.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. accepts Carter Glass's invitation for a meeting.
Carter Glass to Benjamin Strong Jr.
Carter Glass telegrams Benjamin Strong Jr. to arrange a meeting.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Class regarding the Federal Reserve system.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass about Mr. Allen's health problems.
Carter Glass to Benjamin Strong Jr.
Carter Glass writes Benjamin Strong Jr. regarding the Federal Reserve, and mutual health matters.
Carter Glass to Benjamin Strong Jr.
Carter Glass informs Benjamin Strong Jr. that he shall call him up before Strong's return to New York on 13 May 1927.
Carter Glass to Benjamin Strong Jr.
Carter Glass thanks Benjamin Strong Jr. for his letter of 14 April 1927.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass on the management of the Federal Reserve Banks.
Carter Glass to Benjamin Strong Jr.
Carter Glass sends Benjamin Strong Jr. the name of his son-in-law.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. thanks Carter Glass for his note of 25 February 1927.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass regarding Federal Reserve legislation, and to say his convalescence is progressing slowly.
Carter Glass to Benjamin Strong Jr.
Carter Glass wishes Benjamin Strong Jr. good health, and to discuss Glass's upcoming book on the Federal Reserve.
Carter Glass to Benjamin Strong Jr.
Carter Glass accepts Benjamin Strong Jr.'s invitation to visit the New York Federal Reserve Bank.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. invites Carter Glass to visit the New York Federal Reserve Bank.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. invites Carter Glass to visit him at the New York Federal Reserve Bank.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass regarding the Senator's upcoming trip to Europe.
Carter Glass to Benjamin Strong Jr.
Carter Glass writes Benjamin Strong Jr. regarding his upcoming trip to Europe.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass regarding the Senator's upcoming trip to Europe.
Carter Glass to Benjamin Strong Jr.
Carter Glass writes Benjamin Strong Jr. regarding proposed Federal Reserve legislation.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass regarding upcoming Federal Reserve legislation.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. asks Carter Glass for a pass to the Senate gallery for his son and son's friend.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass to say that his correspondence with Mr. Randolph did not include a letter of 1923 April 9.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass on the subject of state banks joining the Federal Reserve System.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. offers Carter Glass good wishes after his son's hunting accident.
Carter Glass to Benjamin Strong Jr.
Carter Glass thanks Benjamin Strong Jr. for his letter after Glass's son was injured in a hunting accident.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. sends best wishes to Carter Glass after his son's hunting accident.
Benjamin Strong Jr. to Mary Wallace
Benjamin Strong Jr. responds to news that Carter Glass's son has been in a hunting accident.
Mary Wallace to Benjamin Strong Jr.
Mary Wallace informs Benjamin Strong Jr. that Carter Glass' son has been in a hunting accident.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass regarding the re-appointment of William Harding to the Federal Reserve Board.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. invites Carter Glass to visit the New York Federal Reserve Bank facilities.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass regarding a Federal Reserve bill, and the appointment of Fed Governor William Harding.
Warren G. Harding to Benjamin Strong Jr.
Warren G. Harding thanks Benjamin Strong Jr. for his message of 11 September 1922.
Warren G. Harding to Benjamin Strong Jr.
Warren G. Harding informs Benjamin Strong Jr. that he does not plan to veto the upcoming Federal Reserve bill.
Benjamin Strong Jr. to Woodrow Wilson
Benjamin Strong Jr. writes to the President regarding a just passed Federal Reserve bill.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. thanks Carter Glass for his letter of 16 February 1922.
Carter Glass to Benjamin Strong Jr.
Carter Glass writes Benjamin Strong Jr. regarding a speech he gave on the Senate floor in defense of the Federal Reserve.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass regarding a speech Glass delivered in the Senate.
Warren G. Harding to Benjamin Strong Jr.
Warren G. Harding thanks Benjamin Strong Jr. for his note of 20 September 1921.
Warren G. Harding to Benjamin Strong Jr.
Warren G. Harding asks Benjamin Strong to attend a conference on unemployment in Washington.
Herbert Hoover to Benjamin Strong Jr.
Herbert Hoover asks for a meeting with Benjamin Strong Jr. regarding currency reform.
Benjamin Strong Jr. to Herbert Hoover
Benjamin Strong Jr. replies to Herbert Hoover regarding a draft letter on eastern European relief efforts.
Herbert Hoover to Benjamin Strong Jr.
Herbert Hoover sends Benjamin Strong Jr. a draft of a letter regarding economic relief in eastern Europe.
Herbert Hoover to Benjamin Strong Jr.
Herbert Hoover writes Benjamin Strong Jr. regarding relief efforts in eastern Europe.
Guy Emerson to Clarence F. Pritchard
Guy Emerson tells C.F. Pritchard that Benjamin Strong Jr. has accepted their inivitation to dine.
LF Sailer to Nicholas Kelley
LF Sailer replies to a letter sent by Nicholas Kelley, regarding a silver purchase proposed by the British Indian government.
Nicholas Kelley to the Federal Reserve Bank of New York
Nicholas Kelley sends the New York Federal Reserve Bank a proposed sale of American silver to India.
Basil P. Blackett to the Secretary of the Treasury
Basil P. Blackett writes David F. Houston regarding the purchase of silver on behalf of India.
Speech by Benjamin Strong, Governor of the Federal Reserve Bank of New York at the Tokyo Ginko Club
Benjamin Strong Jr. gives a speech to the Tokyo Ginko Club.
Russell Cornell Leffingwell to Benjamin Strong Jr.
Russell C. Leffingwell writes Benjamin Strong Jr. to thank him for his good wishes, and to say his resignation has been accepted.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. replies to Carter Glass's letter, to try and resolve their differences over the Federal Reserve.
Tentative Program of the Second Pan American Financial Conference
Schedule for the Second Pan American Financial Conference.
Repeal Clause. Section 32.
A clause to repeal the March 14, 1900 act that set the standard of value for currency to refund the public debt.
Reserves of National Banking Associations, Section 22 and 23
Regulations setting minimum reserve requirements for the National Bank
Repeal Clause of the Currency Bill
A clause to repeal the March 14, 1900 act that set the standard of value for currency to refund the public debt
First Revision of "Circulating Notes," Sec. 20
![First Revision of "Circulating Notes," Sec. 20](https://presidentwilson.org/files/square_thumbnails/99569df9369f8cc6942ea64eba1e309c.jpg "First Revision of "Circulating Notes," Sec. 20")
A first revision on the use of circulating notes issued by the Bank which can be used for payment of taxes and debt.
Robert Lansing to Benjamin Strong Jr. about American Mission, Paris
Discussion of cables about German gold.
Carter Glass to Benjamin Strong Jr.
Carter Glass writes Benjamin Strong Jr. to say that he should quit his work for a season.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass to explain his absence from the Second Pan American Financial Conference.
Carter Glass to Benjamin Strong Jr.
Carter Glass sends Benjamin Strong Jr. a report on the financial conditions in Mexico.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. sends Russell C. Leffingwell information on the Federal Reserve Loan rates.
Benjamin Strong Jr. to Carter Glass
Benjamin Strong Jr. writes Carter Glass to say that he cannot address the Second Pan American Financial Conference.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. sends Russell C. Leffingwell a letter for Carter Glass.
Carter Glass to Benjamin Strong Jr.
Carter Glass asks Benjamin Strong Jr. to speak at the Second Pan-American Financial Conference.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. asks Russell C. Leffingwell if it would be acceptable to have Lewis Franklin write an article on war bonds.
Benjamin Strong Jr. Correspondence
Memo regarding the discount rates of the New York Federal Reserve Bank.
Benjamin Strong Jr. to William A. Morris Jr.
Benjamin Strong Jr. acknowledges receipt of two telegrams from Russell C. Leffingwell.
Russell Cornell Leffingwell to Benjamin Strong Jr.
Russell C. Leffingwell writes Benjamin Strong Jr. to inform him that the New York Fed should report to the Treasury Department if it is sued.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. writes Russell C. Leffingwell to say they will discuss their meeting later in the day.
Russell Cornell Leffingwell to Benjamin Strong Jr.
Russell C. Leffingwell writes Benjamin Strong Jr. regarding their upcoming meeting.
Russell Cornell Leffingwell to Benjamin Strong Jr.
Russell C. Leffingwell thanks Benjamin Strong Jr. for recommending Pierre Jay to write an article about bonds.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. writes Russell C. Leffingwell regarding the fourth Liberty Loan.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. thanks Russell C. Leffingwell for his letter of appeciation for Mr. Murray.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. suggests Pierre Jay for an article on United States bonds.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. tells Russell C. Leffingwell that he would like to meet in him Washington.
Russell Cornell Leffingwell to Benjamin Strong Jr.
Russell C. Leffingwell tells Benjamin Strong Jr. that he hopes he can reconcile their views.
Russell Cornell Leffingwell to Benjamin Strong Jr.
Russell C. Leffingwell writes Benjamin Strong Jr. asking if he knows of anyone to write an article on United States bonds.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. writes to Russell C. Leffingwell about the financial conditions in post-war Europe and the condition of European markets
Russell Cornell Leffingwell to Benjamin Strong Jr.
Russell C. Leffingwell thanks Benjamin Strong Jr. for his check.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. sends Russell C. Leffingwell a check to cover his expense for travel to Washington.
JE Crane to Nicholas Kelley
JE Crane sends Nicholas Kelley a telegram regarding Benjamin Strong Jr.'s return on the Mauretania.
Benjamin Strong Jr. to GA White on Behalf of Colonel James A. Logan
Benjamin Strong Jr. thanks G.A. White for the tabulation he sent on 5 September 1919.
Russell Cornell Leffingwell to Benjamin Strong Jr.
Russell C. Leffingwell informs the New York Federal Reserve that he will soon send a very important telegram to Benjamin Strong Jr.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. writes Russell C. Leffingwell regarding the international financial situation.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. writes Russell C. Leffingwell regarding America's position in the area of international finance.
Benjamin Strong Jr. to Lurtin R. Ginn
Benjamin Strong Jr. acknowledges receipt of a letter from Lurtin R. Ginn.
Lurtin R. Ginn to Benjamin Strong Jr.
Lurtin R. Ginn writes to Benjamin Strong Jr. regarding the shipment of German gold.
Benjamin Strong Jr. to F.R. McCoy
Benjamin Strong Jr. acknowledges receipt of a letter from F.R. McCoy.
F.R. McCoy to Benjamin Strong Jr.
F.R. McCoy writes Benjamin Strong Jr. regarding Strong's cancelled trip to Constantinople.
Russell Cornell Leffingwell to Benjamin Strong Jr.
Russell C. Leffingwell writes Benjamin Strong Jr. regarding the payment of a debt denominated in Spanish pesetas.
Russell Cornell Leffingwell to Benjamin Strong Jr.
Russell C. Leffingwell sends Benjamin Strong Jr. a cable on the importance of refunding demand loans.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. writes to Russell C. Leffingwell about the financial conditions in post-war Europe and the condition of European markets
Benjamin Strong Jr. to Lurtin R. Ginn
Benjamin Strong Jr. thanks Lurtin R. Ginn for sending him the reports on the examination of gold held by the Nederlandsche Bank.
Benjamin Strong Jr. to Herbert Hoover
Benjamin Strong Jr. writes Herbert Hoover regarding the sale of German gold.
Lurtin R. Ginn to Benjamin Strong Jr.
Lurtin R. Ginn sends Benjamin Strong Jr. a report on the examination of the ninth lot of a gold shipment.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. writes Russell C. Leffginwell regarding an international currency shipment.
Memorandum to the American Military Mission to Armenia
Clarence I. Poore informs the American Mission to Armenia that they will leave Paris for Brest.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. writes Russell C. Leffingwell regarding a foreign gold exchange.
Robert Lansing to Benjamin Strong Jr.
Russell C. Leffingwell tells Benjamin Strong Jr. that he is glad he has abandoned his trip to Constantinople.
Russell Cornell Leffingwell to New York Federal Reserve Bank
Russell C. Leffingwell informs the New York Federal Reserve Bank that Benjamin Strong Jr. has cancelled his trip to Constantinople.
Russell Cornell Leffingwell to Benjamin Strong Jr.
Russell C. Leffingwell sends Benjamin Strong Jr. a cable regarding the funding of allied demand obligations.
Lurtin R. Ginn to Benjamin Strong Jr.
Lurtin R. Ginn sends Benjamin Strong Jr. copies of reports from the Charge d'Affaires at The Hague.
Robert Lansing to Benjamin Strong Jr.
Robert Lansing writes Benjamin Strong Jr. regarding the Indian currency.
Benjamin Strong Jr. to Thomas Straw
Benjamin Strong Jr. informs Thomas Shaw that he will speak with John Foster Dulles and Lurtin R. Ginn upon his return from Constantinople.
Memorandum to the American Military Mission to Armenia
F.R. McCoy informs the American military mission in Armenia that the fastest way to send messages is through Admiral Bristol, in Constantinople.
Benjamin Strong Jr. to Herbert Hoover
Benjamin Strong Jr. writes Herbert Hoover to tell him that the gold shipment will proceed promptly.
Copy of Cable to Benjamin Strong Jr.
A copy of a Treasury Department cable sent to Benjamin Strong Jr. concerning the sale of German gold.
Lurtin R. Ginn to Benjamin Strong Jr.
Lurtin R. Ginn sends Benjamin Strong Jr. a copy of a cable received 7 August 1919.
Benjamin Strong Jr. to Herbert Hoover
Benajmin Strong cables Herbert Hoover that he is making progress arranging matters in Paris and Brussels and will arrange to have the balance due in gold deposits paid.
Lurtin R. Ginn to Benjamin Strong Jr.
Lurtin R. Ginn sends Benjamin Strong Jr. a copy of a telegram received on 4 August 1919.
Lurtin R. Ginn to Benjamin Strong Jr.
Lurtin R. Ginn sends Benjamin Strong Jr. a translation of a cable received on 30 July 1919.
Lurtin R. Ginn to Benjamin Strong Jr.
Lurtin R. Ginn sends Benjamin Strong Jr. a copy a a cable from Russell C. Leffingwell, dated 1 August 1919.
Robert Lansing to Benjamin Strong Jr.
Russell C. Leffingwell replies to Benjamin Strong Jr.’s letter of 25 July 1919.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong writes to Russell Leffingwell about the financial status of England’s loans from America for the war.
Benjamin Strong Jr. to Thomas Shaw
Benjamin Strong Jr.'s secretary thanks Thomas Shaw for his letters of July 24 and 25 1919.
Herbert Hoover to Benjamin Strong Jr.
Herbert Hoover writes Benjamin Strong Jr. regarding the purchase of gold in Belgium and the Netherlands.
Benjamin Strong Jr. to CB Welsh
Benjamin Strong Jr. asks CB Welsh to send a cable through the American Peace Mission.
Benjamin Strong Jr. to Herbert Hoover
Benjamin Strong Jr. writes to Herbert Hoover about making a payment to the Commission for Relief in Belgium
CB Welsh to Benjamin Strong Jr.
C.B. Welsh inflorms Benjamin Strong Jr. that the American Peace Commission has no means of sending private cables.
Thomas Shaw to Benjamin Strong Jr.
Thomas Shaw sends Benjamin Strong Jr. a letter from F.M. Gunther.
Benjamin Strong Jr. to the American Mission in Paris
Benjamin Strong Jr. writes the American mission in Paris to ask them to transmit a cable.
Thomas Shaw to Benjamin Strong Jr.
Thomas Shaw sends Benjamin Strong Jr. a copy of a cable from the Treasury Department.
Benjamin Strong Jr. to Russell Cornell Leffingwell
Benjamin Strong Jr. writes Russell C. Leffingwell regarding Allied war debt.
Thomas Shaw to Benjamin Strong Jr.
Thomas Shaw forwards Benjamin Strong Jr. a message from F.M. Gunther.
Benjamin Strong Jr. to Herbert Hoover
Benjmain Strong Jr. informs Herbert Hoover of his travel plans.
FM Gunther to Norman Hezekiah Davis
F.M. Gunther sends Norman H. Davis a message regarding a lot of gold coins.
Benjamin Strong Jr. to Carter Glass
Benjmain Strong Jr. thanks Carter Glass for his letter of 14 May 1919.
Statement of Foreign Requirements of Supplies
A report on the French need for foodstuffs and raw materials.
Benjamin Strong Jr. to GR Cooksey
Benjamin Strong Jr. thanks George R. Cooksey for his letter of 10 July.
Cable to Treasury Representative
A cable from the Federal Reserve Bank, regarding a cable received from the Bank of Belgium.