His great-grandfather Israel Goldenweiser was one of the founders of the Jewish agricultural colony in Bessarabia (1840). Dr. Emanuel Goldenweiser's first position after receiving his doctorate was as a researcher for the U.S. Immigration Commission. In 1910 he was hired as a special agent for the U.S. Census Bureau, and ni 1914 he went to the office of farm management ni the Department of Agriculture. In 1919,Goldenweiser washired by the Federal Reserve Bank as an associate statistician. The newly established central bank had only opened for business in mid-November 1914. The Federal Reserve was to be his employer for the rest of his long career. He was appointed assistant director of research and statistics in 1925 and direc- tor in 1926. In 1945 he was appointed economic advisor to the Board of Governors from which position he retired in 1946. In his nearly twenty years as the director of research and statistics he had a major influence on the development of U.S. monetary and banking policies, often advising the administration, congress, and the banking community. His special expertise lay in the study of bank reserves and international flows of currency and gold. From 1936 to 1945 he served as economic advisor to the Federal Open Market Committee. He created numerous series of economic statistics and developed new techniques to describe and manage the economy.