Paula Allen

First of two columns I’m sending you a picture of the original Federal Reserve cornerstone plaque after it was removed from the original building, which now houses the Mexican consulate. It was subsequently given to my grandfather Reagan Houston, who was named as the first chair of the bank. I am curious how these original directors were selected. Three were chosen by the Federal Reserve in Washington, D.C.; the rest were chosen by the Federal Reserve Bank of Dallas. I am interested to know more…