James Robertson

James L. Robertson (October 31, 1907 – February 23, 1994)

Career

During his tenure at the Federal Reserve, he had encourage the creating of a federal banking commission that would manage the responsibility of bank examinations and supervision as functions consolidated under one agency. Presently, the responsibility for this task is managed by: The functions vested in the Board by the Truth in Lending Act should not be taken as a precedent for assigning to the Board wide-ranging duties in the general area of consumer protection. Such an assignment would be inconsistent with effective performance of our primary duties in the field of monetary policy. In view of the increasing interest Congress is showing in expanding Federal legislation for the protection of consumers, we strongly recommend that responsibility for implementing such legislation be vested not in the Board but in an agency more familiar with consumer problems and more expert in coping with them.Upon retiring from the Federal Reserve, he became an attorney at the law firm of Bierbauer and Rockefeller.