Regional President Speech

1962 Torchlighter Campaign - Meeting of Supervisory Group of the Federal Reserve Bank of Philadelphia, Monday, October 6, 1961, at llil5 a.m. and 2:30 p.m., Movie Room of "Whittier Room. Responsibillty to respond to Hen Nelson*s request - Fed Chairman of the Torchlighter Campaign. Mountain climber down deep crevasse in glacier — Rope — "We are the Red Cross.H "I give at the office." Idea of United Fund. (a) Of course there are some rivalries, some duplication. Costs of collection — but being reduced. (b) Are the funds needed? ($13-6 million) John Sinclair A1 Williams Bob Hilkert Cas Sienkiewicz John Davis Norm Dash Actually $15 million needed. (c) If United Fund fails, we will be back at old stand. (d) We as a Bank are part of the Community. Torchlighter Campaign to put over the single drive. (a) The only organized drive we have. (b) Precluded by law from making a corporate gift. Also have no funds for lottery for all who give fair share principle. (c) We all would like to have some idea of what is required of us to put it over. (d) In general, ability to give is related to income. (1) Assigned amounts — enforced. (2) You decide. A guide to giving. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (1962 Torchlighter Campaign, p. 2) Obviously the Campaign can’t succeed unless those with larger incomes are generous. You are the backbone of the Bank in everything — In our daily operations — Yes, and in this Drive. I shall not check on what you give — that is up to you entirely. My job is to show the need and the responsibility of the Bank as a whole. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Karl R. Bopp (1961, October 5). Regional President Speech. Speeches, Federal Reserve. https://whenthefedspeaks.com/doc/regional_speeche_19611006_karl_r_bopp

@misc{wtfs_regional_speeche_19611006_karl_r_bopp,
  author = {Karl R. Bopp},
  title = {Regional President Speech},
  year = {1961},
  month = {Oct},
  howpublished = {Speeches, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/regional_speeche_19611006_karl_r_bopp},
  note = {Retrieved via When the Fed Speaks corpus}
}