Russell Cornell Leffingwell to Benjamin Strong Jr.
Title
Russell Cornell Leffingwell to Benjamin Strong Jr.
Creator
Leffingwell, R. C. (Russell Cornell), 1878-1960
Identifier
WWP18752
Date
1919 October 29
Description
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.
Source
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Language
English
Text
Assistant Secretary
My dear Governor:
I am writing to advise you that the Treasury Department will expect the Federal Reserve Bank of New York if at any time it becomes involved, or expects to become involved, in litigation in its capacity as fiscal agent of the United States, to report the facts immediately to the Department and request instructions as to the course to be pursued. I presume that you have already had this in mind, but I am calling it to your particular attention because the Department wishes to be certain that it is kept fully informed with respect to all such litigation from its inception, in order that all necessary steps may be taken to protect the rights of the United States and that no action may be taken by inadvertence or otherwise which might prejudice its interests.
Very truly yours,
R. Leffingwell
My dear Governor:
I am writing to advise you that the Treasury Department will expect the Federal Reserve Bank of New York if at any time it becomes involved, or expects to become involved, in litigation in its capacity as fiscal agent of the United States, to report the facts immediately to the Department and request instructions as to the course to be pursued. I presume that you have already had this in mind, but I am calling it to your particular attention because the Department wishes to be certain that it is kept fully informed with respect to all such litigation from its inception, in order that all necessary steps may be taken to protect the rights of the United States and that no action may be taken by inadvertence or otherwise which might prejudice its interests.
Very truly yours,
R. Leffingwell
Original Format
Letter
To
Strong, Benjamin, 1872-1928
Collection
Citation
Leffingwell, R. C. (Russell Cornell), 1878-1960 , “Russell Cornell Leffingwell to Benjamin Strong Jr.,” 1919 October 29, WWP18752, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.