The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
“EXECUTIVE REPORTS OF COMMITTEE” mentioning the Federal Reserve System was published in the Senate section on pages S3760 on June 12, 2018.
The Federal Reserve is the US's central bank, expanding many times during great financial uncertainty and panic. It has faced numerous criticisms since its creation in 1913, such as making the Great Depression worse and for lacking transparency and audits.
The publication is reproduced in full below:
EXECUTIVE REPORTS OF COMMITTEE
The following executive reports of nominations were submitted:
By Mr. CRAPO for the Committee on Banking, Housing, and Urban Affairs.
* Michelle Bowman, of Kansas, to be a Member of the Board of Governors of the Federal Reserve System for the unexpired term of fourteen years from February 1, 2006.
* Richard Clarida, of Connecticut, to be Vice Chairman of the Board of Governors of the Federal Reserve System for a term of four years.
* Richard Clarida, of Connecticut, to be a Member of the Board of Governors of the Federal Reserve System for the unexpired term of fourteen years from February 1, 2008.
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On page S3760, June 12, 2018, in the first column, under the heading EXECUTIVE REPORTS OF COMMITTEE, the following appears:
*Richard Clanda, of Connecticut, to be a Member of the Board of Governors of the Federal Reserve System for the unexpired term of fourteen years from February 1, 2008.
The online Record has been corrected to read: *Richard Clarida, of Connecticut, to be a Member of the Board of Governors of the Federal Reserve System for the unexpired term of fourteen years from February 1, 2008.
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* Nomination was reported with recommendation that it be confirmed subject to the nominee's commitment to respond to requests to appear and testify before any duly constituted committee of the Senate.
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