Quote – George V. McLaughlin, NY State bankers association

We feel that it is not in the public interest to require any and all information respecting the business of any bank be made a public record, and ask that the banks be required to submit information to the Federal Reserve Board only that such information be given confidential status, subject to the discretion of the Federal Reserve Board.

“Banks Ask Stock Bill Be Amended”, Wall Street Journal

Saturday, April 7, 1934