Early Statesman synthesis distilling legal jargon into practical meaning, statutory anchors, and structural constitutional impacts.
This executive order, signed by President Franklin D. Roosevelt on 1940-03-05, establishes federal administrative policy concerning "Designating the Chairman of the Board of Governors of the Federal Reserve System." It is a direct, concise executive instruction delivering focused administrative or military commands to department leadership.
Constitutional Assessment: Reviewed under the Tenth Amendment and the principle of dual federalism, this order touches upon domains traditionally reserved to the sovereign States. The Framers would caution against any attempt to commandeer state officers or displace local police powers through federal executive fiat.
Key Directives & Operative Actions
▪260), as amended by section 203(a) of the act of August 23, 1935 (49 Stat.
▪704), I hereby designate Marriner S.
Constitutional & Societal Entities Impacted
🏛️ Sovereign State Governments & Localities
Total Words
78
419 characters
Estimated Read Time
1 min
@ 200 words / min
Flesch-Kincaid
7.7
Post-Grad reading level
Constitutional Polarity
+0.02
Framers' Alignment index
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Scholarly & Legal Citations
Exec. Order No. 8366, Franklin D. Roosevelt (Mar 5, 1940). Available at https://executiveordersarchive.org/orders/app-executive-order-8366-designating-the-chairman-the-board-governors-the-federal-reserve.
Official Document Text
Source: The American Presidency Project (UCSB Archive)
By virtue of and pursuant to the authority vested in me by section 10 of the Federal Reserve Act (38 Stat. 260), as amended by section 203(a) of the act of August 23, 1935 (49 Stat. 704), I hereby designate Marriner S. Eccles as Chairman of the Board of Governors of the Federal Reserve System, to serve as such for a term of four years, effective February 1, 1940. FRANKLIN D. ROOSEVELT The White House, March 5, 1940.
