Speech #690221359

Doctor Willis also acted as expert to the committee which presented the Federal reserve act. was later chairman of the technicalorganization committee which planned the organization of the new banks. and upon formation of the Federal Reserve Board was selected to act as secretary. In 1916 he became president of the newly organized Philippine National Bank. organizing both the parent office and its New York agency. Doctor Willis also acted as expert for the Monetary Commission of 1897. the United States Immigration Commission. and the Joint Committee on Rural Credits. In addition. he is the author of a number of standard works. Later I shall have otcasion to refer to the testimony of Doctor Willis before the Banking and Currency Committee of the Senate.