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Finding Aid to the Allan Sproul Papers, 1907-1978, bulk 1945-1978
BANC MSS 79/26 c  
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Collection Details
 
Table of contents What's This?
  • Collection Summary
  • Information for Researchers
  • Administrative Information
  • Biographical Information
  • Scope and Content of Collection

  • Collection Summary

    Collection Title: Allan Sproul papers
    Date (inclusive): 1907-1978,
    Date (bulk): bulk 1945-1978
    Collection Number: BANC MSS 79/26 c
    Creators : Sproul, Allan, 1896-
    Extent: Number of containers: 10 boxes, 7 cartons Linear feet: 12.55
    Repository: The Bancroft Library
    University of California, Berkeley
    Berkeley, California, 94720-6000
    Phone: (510) 642-6481
    Fax: (510) 642-7589
    Email: bancref@library.berkeley.edu
    URL: http://bancroft.berkeley.edu/
    Abstract: Allan Sproul's papers primarily concern his financial and banking activities and interests. Much of the collection consists of correspondence, both to and from other bankers and economists, largely discussing financial trends and policies. The collection also contains extensive files relating to his work with the Federal Reserve Bank of New York and with the Wells Fargo Bank of San Francisco. The collection holds a set of subject files primarily reflecting banking interests along with manuscripts of writings and talks by him and other bankers and economists. There are a few folders of personal information, clippings, awards, and a scrapbook kept by his wife, circa 1920-1938, containing clippings, photographs, programs, and telegrams.
    Languages Represented: Collection materials are in English
    Physical Location: Many of the Bancroft Library collections are stored offsite and advance notice may be required for use. For current information on the location of these materials, please consult the Library's online catalog.

    Information for Researchers

    Access

    Collection is open for research.

    Publication Rights

    All requests to reproduce, publish, quote from or otherwise use collection materials must be submitted in writing to the Head of Public Services, The Bancroft Library, University of California, Berkeley, 94720-6000. Consent is given on behalf of The Bancroft Library as the owner of the physical items and is not intended to include or imply permission from the copyright owner. Such permission must be obtained from the copyright owner. See: http://bancroft.berkeley.edu/reference/permissions.html .
    Restrictions also apply to digital representations of the original materials. Use of digital files is restricted to research and educational purposes.

    Preferred Citation

    [Identification of item], Allan Sproul Papers, BANC MSS 79/26 c, The Bancroft Library, University of California, Berkeley.

    Alternate Forms Available

    There are no alternate forms of this collection.

    Indexing Terms

    The following terms have been used to index the description of this collection in the library's online public access catalog.
    Sproul, Allan, 1896-
    Banks and banking--United States--History--Sources
    Wells, Fargo & Company
    Kaiser Aluminum and Chemical Corporation
    Federal Reserve Bank of New York. President

    Administrative Information

    Acquisition Information

    The Allan Sproul Papers were given to the Bancroft Library by Allan Sproul, Jr. in October 1978.

    Accruals

    No additions are expected.

    System of Arrangement

    Portions of this collection are arranged to the folder level, while others are arranged to the container level.

    Processing Information

    Processed by Bancroft Library staff in 2008.

    Biographical Information

    Banker Allan Sproul, born in San Francisco on March 9, 1896, was educated in public schools and attended the University of California, Berkeley. He graduated in 1919, after serving in World War I as an army pilot for a year in 1918.
    Sproul joined the Federal Reserve Bank of San Francisco on September 1, 1920, where he served as head of the bank's Division of Analysis and Research. Ten years later, in March 1930, he transferred to the New York branch as Assistant Deputy Governor and Secretary, dealing primarily with the bank's foreign operations. He was appointed First Vice President in March 1936 and continued to a large extent to supervise the bank's foreign transactions. He was in charge of the bank's open market activities and involved in formulating bank policy and overseeing the general administration of the bank. He was also manager of the System Open Market Account under the Federal Open Market Committee. On January 1, 1941, Mr. Sproul became president of the Federal Reserve Bank, a position he held until June 30, 1956 (shortly after his sixtieth birthday). During this time he was vice-chairman of the Federal Open Market Committee, directing the open market operations of all the Federal Reserve Banks.
    After his retirement, Sproul returned to California, where he served on the Boards of Directors of Wells Fargo Bank in San Francisco and the Kaiser Aluminum and Chemical Corporation of Oakland, positions he held until shortly before his death in 1978.
    Sproul also participated in several congressional committees, testifying on behalf of the Federal Reserve Banks. In early 1960, he visited India and Pakistan with a commission named by the International Bank for Reconstruction and Development to examine the two countries' economic conditions and plans. In 1961, as chairman of a committee named by President Kennedy, he reported on the balance of payments position of the United States and on the domestic economy. He was also appointed by Governor Edmund G. Brown in 1963-64 to chair a committee for the study of the future of banking in California, and published a report in 1965.
    Sproul was a trustee and member of the Research and Policy Committee of the Committee for Economic Development. He also lectured to professional and university groups, and wrote articles for various journals and banking periodicals.

    Scope and Content of Collection

    Allan Sproul's papers primarily concern his financial and banking activities and interests. Much of the collection consists of correspondence, both to and from other bankers and economists, largely discussing financial trends and policies. The collection also contains extensive files relating to his work with the Federal Reserve Bank of New York and with the Wells Fargo Bank of San Francisco. The collection holds a set of subject files primarily reflecting banking interests along with manuscripts of writings and talks by him and other bankers and economists. There are a few folders of personal information, clippings, awards, and a scrapbook kept by his wife, circa 1920-1938, containing clippings, photographs, programs, and telegrams.