id	sid	tid	token	lemma	pos
cblr-5121	1	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	1	2	(	(	PUNCT
cblr-5121	1	3	do	do	AUX
cblr-5121	1	4	not	not	PART
cblr-5121	1	5	delete	delete	VERB
cblr-5121	1	6	)	)	PUNCT
cblr-5121	1	7	1/3/2020	1/3/2020	NUM
cblr-5121	1	8	4:04	4:04	NUM
cblr-5121	1	9	pm	pm	NOUN
cblr-5121	1	10	insider	insider	NOUN
cblr-5121	1	11	interest	interest	NOUN
cblr-5121	1	12	,	,	PUNCT
cblr-5121	1	13	not	not	PART
cblr-5121	1	14	industry	industry	NOUN
cblr-5121	1	15	influence	influence	NOUN
cblr-5121	1	16	:	:	PUNCT
cblr-5121	1	17	the	the	DET
cblr-5121	1	18	practice	practice	NOUN
cblr-5121	1	19	of	of	ADP
cblr-5121	1	20	federal	federal	PROPN
cblr-5121	1	21	reserve	reserve	PROPN
cblr-5121	1	22	bank	bank	PROPN
cblr-5121	1	23	presidential	presidential	ADJ
cblr-5121	1	24	appointments	appointment	NOUN
cblr-5121	1	25	william	william	PROPN
cblr-5121	1	26	hayes	hayes	PROPN
cblr-5121	1	27	*	*	PROPN
cblr-5121	1	28	conceived	conceive	VERB
cblr-5121	1	29	as	as	ADP
cblr-5121	1	30	a	a	DET
cblr-5121	1	31	counterweight	counterweight	NOUN
cblr-5121	1	32	to	to	ADP
cblr-5121	1	33	public	public	ADJ
cblr-5121	1	34	administration	administration	NOUN
cblr-5121	1	35	of	of	ADP
cblr-5121	1	36	monetary	monetary	ADJ
cblr-5121	1	37	policy	policy	NOUN
cblr-5121	1	38	,	,	PUNCT
cblr-5121	1	39	the	the	DET
cblr-5121	1	40	quasi	quasi	ADJ
cblr-5121	1	41	-	-	ADJ
cblr-5121	1	42	private	private	ADJ
cblr-5121	1	43	federal	federal	ADJ
cblr-5121	1	44	reserve	reserve	NOUN
cblr-5121	1	45	banks	bank	NOUN
cblr-5121	1	46	now	now	ADV
cblr-5121	1	47	seem	seem	VERB
cblr-5121	1	48	an	an	DET
cblr-5121	1	49	institutional	institutional	ADJ
cblr-5121	1	50	anomaly	anomaly	NOUN
cblr-5121	1	51	.	.	PUNCT
cblr-5121	2	1	the	the	DET
cblr-5121	2	2	role	role	NOUN
cblr-5121	2	3	that	that	PRON
cblr-5121	2	4	private	private	ADJ
cblr-5121	2	5	interests	interest	NOUN
cblr-5121	2	6	play	play	VERB
cblr-5121	2	7	in	in	ADP
cblr-5121	2	8	reserve	reserve	PROPN
cblr-5121	2	9	bank	bank	PROPN
cblr-5121	2	10	governance	governance	NOUN
cblr-5121	2	11	has	have	AUX
cblr-5121	2	12	prompted	prompt	VERB
cblr-5121	2	13	criticism	criticism	NOUN
cblr-5121	2	14	that	that	SCONJ
cblr-5121	2	15	their	their	PRON
cblr-5121	2	16	anomalous	anomalous	ADJ
cblr-5121	2	17	structure	structure	NOUN
cblr-5121	2	18	renders	render	VERB
cblr-5121	2	19	the	the	DET
cblr-5121	2	20	reserve	reserve	NOUN
cblr-5121	2	21	banks	bank	NOUN
cblr-5121	2	22	unduly	unduly	ADV
cblr-5121	2	23	insulated	insulated	ADJ
cblr-5121	2	24	and	and	CCONJ
cblr-5121	2	25	prone	prone	ADJ
cblr-5121	2	26	to	to	ADP
cblr-5121	2	27	financial	financial	ADJ
cblr-5121	2	28	industry	industry	NOUN
cblr-5121	2	29	influence	influence	NOUN
cblr-5121	2	30	.	.	PUNCT
cblr-5121	3	1	yet	yet	CCONJ
cblr-5121	3	2	a	a	DET
cblr-5121	3	3	survey	survey	NOUN
cblr-5121	3	4	of	of	ADP
cblr-5121	3	5	the	the	DET
cblr-5121	3	6	practical	practical	ADJ
cblr-5121	3	7	effect	effect	NOUN
cblr-5121	3	8	of	of	ADP
cblr-5121	3	9	the	the	DET
cblr-5121	3	10	reserve	reserve	NOUN
cblr-5121	3	11	banks	bank	NOUN
cblr-5121	3	12	’	'	PUNCT
cblr-5121	3	13	unusual	unusual	ADJ
cblr-5121	3	14	governance	governance	NOUN
cblr-5121	3	15	structure	structure	NOUN
cblr-5121	3	16	demonstrates	demonstrate	VERB
cblr-5121	3	17	not	not	PART
cblr-5121	3	18	a	a	DET
cblr-5121	3	19	privileging	privileging	NOUN
cblr-5121	3	20	of	of	ADP
cblr-5121	3	21	private	private	ADJ
cblr-5121	3	22	industry	industry	NOUN
cblr-5121	3	23	interests	interest	NOUN
cblr-5121	3	24	,	,	PUNCT
cblr-5121	3	25	but	but	CCONJ
cblr-5121	3	26	instead	instead	ADV
cblr-5121	3	27	a	a	DET
cblr-5121	3	28	pattern	pattern	NOUN
cblr-5121	3	29	of	of	ADP
cblr-5121	3	30	elevating	elevate	VERB
cblr-5121	3	31	federal	federal	ADJ
cblr-5121	3	32	reserve	reserve	NOUN
cblr-5121	3	33	system	system	NOUN
cblr-5121	3	34	insiders	insider	NOUN
cblr-5121	3	35	,	,	PUNCT
cblr-5121	3	36	with	with	ADP
cblr-5121	3	37	potential	potential	ADJ
cblr-5121	3	38	involvement	involvement	NOUN
cblr-5121	3	39	from	from	ADP
cblr-5121	3	40	publicly	publicly	ADV
cblr-5121	3	41	appointed	appoint	VERB
cblr-5121	3	42	board	board	NOUN
cblr-5121	3	43	of	of	ADP
cblr-5121	3	44	governors	governor	NOUN
cblr-5121	3	45	of	of	ADP
cblr-5121	3	46	the	the	DET
cblr-5121	3	47	federal	federal	PROPN
cblr-5121	3	48	reserve	reserve	PROPN
cblr-5121	3	49	system	system	NOUN
cblr-5121	3	50	.	.	PUNCT
cblr-5121	4	1	as	as	ADP
cblr-5121	4	2	a	a	DET
cblr-5121	4	3	result	result	NOUN
cblr-5121	4	4	,	,	PUNCT
cblr-5121	4	5	this	this	DET
cblr-5121	4	6	note	note	NOUN
cblr-5121	4	7	argues	argue	VERB
cblr-5121	4	8	that	that	SCONJ
cblr-5121	4	9	conventional	conventional	ADJ
cblr-5121	4	10	fears	fear	NOUN
cblr-5121	4	11	of	of	ADP
cblr-5121	4	12	the	the	DET
cblr-5121	4	13	consequences	consequence	NOUN
cblr-5121	4	14	of	of	ADP
cblr-5121	4	15	reserve	reserve	PROPN
cblr-5121	4	16	bank	bank	PROPN
cblr-5121	4	17	governance	governance	NOUN
cblr-5121	4	18	are	be	AUX
cblr-5121	4	19	largely	largely	ADV
cblr-5121	4	20	unrealized	unrealized	ADJ
cblr-5121	4	21	.	.	PUNCT
cblr-5121	5	1	this	this	DET
cblr-5121	5	2	pattern	pattern	NOUN
cblr-5121	5	3	of	of	ADP
cblr-5121	5	4	elevating	elevate	VERB
cblr-5121	5	5	federal	federal	ADJ
cblr-5121	5	6	reserve	reserve	NOUN
cblr-5121	5	7	system	system	NOUN
cblr-5121	5	8	insiders	insider	NOUN
cblr-5121	5	9	,	,	PUNCT
cblr-5121	5	10	however	however	ADV
cblr-5121	5	11	,	,	PUNCT
cblr-5121	5	12	raises	raise	VERB
cblr-5121	5	13	alternate	alternate	ADJ
cblr-5121	5	14	concerns	concern	NOUN
cblr-5121	5	15	of	of	ADP
cblr-5121	5	16	institutional	institutional	ADJ
cblr-5121	5	17	homogeneity	homogeneity	NOUN
cblr-5121	5	18	.	.	PUNCT
cblr-5121	6	1	this	this	DET
cblr-5121	6	2	note	note	NOUN
cblr-5121	6	3	thus	thus	ADV
cblr-5121	6	4	advocates	advocate	VERB
cblr-5121	6	5	for	for	ADP
cblr-5121	6	6	transparency	transparency	NOUN
cblr-5121	6	7	reforms	reform	NOUN
cblr-5121	6	8	aimed	aim	VERB
cblr-5121	6	9	at	at	ADP
cblr-5121	6	10	mitigating	mitigate	VERB
cblr-5121	6	11	these	these	DET
cblr-5121	6	12	concerns	concern	NOUN
cblr-5121	6	13	—	—	PUNCT
cblr-5121	6	14	reforms	reform	NOUN
cblr-5121	6	15	that	that	PRON
cblr-5121	6	16	address	address	VERB
cblr-5121	6	17	not	not	PART
cblr-5121	6	18	a	a	DET
cblr-5121	6	19	problem	problem	NOUN
cblr-5121	6	20	of	of	ADP
cblr-5121	6	21	industry	industry	NOUN
cblr-5121	6	22	influence	influence	NOUN
cblr-5121	6	23	in	in	ADP
cblr-5121	6	24	reserve	reserve	PROPN
cblr-5121	6	25	bank	bank	PROPN
cblr-5121	6	26	governance	governance	NOUN
cblr-5121	6	27	,	,	PUNCT
cblr-5121	6	28	but	but	CCONJ
cblr-5121	6	29	one	one	NUM
cblr-5121	6	30	of	of	ADP
cblr-5121	6	31	federal	federal	ADJ
cblr-5121	6	32	reserve	reserve	NOUN
cblr-5121	6	33	system	system	NOUN
cblr-5121	6	34	insularity	insularity	NOUN
cblr-5121	6	35	.	.	PUNCT
cblr-5121	7	1	i.	i.	PROPN
cblr-5121	7	2	introduction	introduction	NOUN
cblr-5121	7	3	.............................................................	.............................................................	PUNCT
cblr-5121	7	4	1124	1124	NUM
cblr-5121	7	5	ii	ii	NOUN
cblr-5121	7	6	.	.	PUNCT
cblr-5121	8	1	developing	develop	VERB
cblr-5121	8	2	a	a	DET
cblr-5121	8	3	public	public	ADJ
cblr-5121	8	4	-	-	PUNCT
cblr-5121	8	5	private	private	ADJ
cblr-5121	8	6	hybrid	hybrid	NOUN
cblr-5121	8	7	:	:	PUNCT
cblr-5121	8	8	the	the	DET
cblr-5121	8	9	history	history	NOUN
cblr-5121	8	10	of	of	ADP
cblr-5121	8	11	the	the	DET
cblr-5121	8	12	federal	federal	PROPN
cblr-5121	8	13	reserve	reserve	PROPN
cblr-5121	8	14	system	system	NOUN
cblr-5121	8	15	..........................................	..........................................	PUNCT
cblr-5121	8	16	1128	1128	NUM
cblr-5121	8	17	a.	a.	NOUN
cblr-5121	8	18	the	the	DET
cblr-5121	8	19	federal	federal	PROPN
cblr-5121	8	20	reserve	reserve	PROPN
cblr-5121	8	21	act	act	PROPN
cblr-5121	8	22	of	of	ADP
cblr-5121	8	23	1913	1913	NUM
cblr-5121	8	24	.......................	.......................	PUNCT
cblr-5121	8	25	1130	1130	NUM
cblr-5121	8	26	b.	b.	NOUN
cblr-5121	9	1	the	the	DET
cblr-5121	9	2	banking	banking	NOUN
cblr-5121	9	3	acts	act	NOUN
cblr-5121	9	4	of	of	ADP
cblr-5121	9	5	1933	1933	NUM
cblr-5121	9	6	and	and	CCONJ
cblr-5121	9	7	1935	1935	NUM
cblr-5121	9	8	.................	.................	PUNCT
cblr-5121	10	1	1132	1132	NUM
cblr-5121	10	2	*	*	PUNCT
cblr-5121	10	3	j.d	j.d	PROPN
cblr-5121	10	4	.	.	PROPN
cblr-5121	10	5	candidate	candidate	PROPN
cblr-5121	10	6	2020	2020	NUM
cblr-5121	10	7	,	,	PUNCT
cblr-5121	10	8	columbia	columbia	PROPN
cblr-5121	10	9	law	law	PROPN
cblr-5121	10	10	school	school	NOUN
cblr-5121	10	11	;	;	PUNCT
cblr-5121	10	12	b.a	b.a	PROPN
cblr-5121	10	13	.	.	PROPN
cblr-5121	10	14	2014	2014	NUM
cblr-5121	10	15	,	,	PUNCT
cblr-5121	10	16	williams	williams	PROPN
cblr-5121	10	17	college	college	PROPN
cblr-5121	10	18	.	.	PUNCT
cblr-5121	11	1	many	many	ADJ
cblr-5121	11	2	thanks	thank	NOUN
cblr-5121	11	3	to	to	ADP
cblr-5121	11	4	professor	professor	PROPN
cblr-5121	11	5	peter	peter	PROPN
cblr-5121	11	6	strauss	strauss	PROPN
cblr-5121	11	7	for	for	ADP
cblr-5121	11	8	his	his	PRON
cblr-5121	11	9	suggestions	suggestion	NOUN
cblr-5121	11	10	and	and	CCONJ
cblr-5121	11	11	guidance	guidance	NOUN
cblr-5121	11	12	,	,	PUNCT
cblr-5121	11	13	and	and	CCONJ
cblr-5121	11	14	to	to	ADP
cblr-5121	11	15	the	the	DET
cblr-5121	11	16	staff	staff	NOUN
cblr-5121	11	17	of	of	ADP
cblr-5121	11	18	the	the	DET
cblr-5121	11	19	columbia	columbia	PROPN
cblr-5121	11	20	business	business	PROPN
cblr-5121	11	21	law	law	PROPN
cblr-5121	11	22	review	review	NOUN
cblr-5121	11	23	for	for	ADP
cblr-5121	11	24	their	their	PRON
cblr-5121	11	25	assistance	assistance	NOUN
cblr-5121	11	26	in	in	ADP
cblr-5121	11	27	preparing	prepare	VERB
cblr-5121	11	28	the	the	DET
cblr-5121	11	29	piece	piece	NOUN
cblr-5121	11	30	for	for	ADP
cblr-5121	11	31	publication	publication	NOUN
cblr-5121	11	32	.	.	PUNCT
cblr-5121	12	1	last	last	ADJ
cblr-5121	12	2	,	,	PUNCT
cblr-5121	12	3	my	my	PRON
cblr-5121	12	4	sincerest	sincere	ADJ
cblr-5121	12	5	gratitude	gratitude	NOUN
cblr-5121	12	6	to	to	ADP
cblr-5121	12	7	my	my	PRON
cblr-5121	12	8	family	family	NOUN
cblr-5121	12	9	for	for	ADP
cblr-5121	12	10	their	their	PRON
cblr-5121	12	11	unflagging	unflagging	ADJ
cblr-5121	12	12	support	support	NOUN
cblr-5121	12	13	.	.	PUNCT
cblr-5121	13	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	13	2	(	(	PUNCT
cblr-5121	13	3	do	do	AUX
cblr-5121	13	4	not	not	PART
cblr-5121	13	5	delte	delte	VERB
cblr-5121	13	6	)	)	PUNCT
cblr-5121	13	7	1/3/2020	1/3/2020	NUM
cblr-5121	13	8	4:04	4:04	NUM
cblr-5121	13	9	pm	pm	NOUN
cblr-5121	13	10	1124	1124	NUM
cblr-5121	13	11	columbia	columbia	PROPN
cblr-5121	13	12	business	business	NOUN
cblr-5121	13	13	law	law	PROPN
cblr-5121	13	14	review	review	NOUN
cblr-5121	13	15	[	[	X
cblr-5121	13	16	vol	vol	NOUN
cblr-5121	13	17	.	.	NOUN
cblr-5121	13	18	2019	2019	NUM
cblr-5121	13	19	c.	c.	NOUN
cblr-5121	14	1	the	the	DET
cblr-5121	14	2	modern	modern	ADJ
cblr-5121	14	3	federal	federal	PROPN
cblr-5121	14	4	reserve	reserve	PROPN
cblr-5121	14	5	............................	............................	PUNCT
cblr-5121	14	6	1134	1134	NUM
cblr-5121	14	7	iii	iii	NOUN
cblr-5121	14	8	.	.	PUNCT
cblr-5121	15	1	the	the	DET
cblr-5121	15	2	reserve	reserve	NOUN
cblr-5121	15	3	banks	bank	NOUN
cblr-5121	15	4	and	and	CCONJ
cblr-5121	15	5	financial	financial	ADJ
cblr-5121	15	6	supervision	supervision	NOUN
cblr-5121	15	7	......	......	PUNCT
cblr-5121	15	8	1140	1140	NUM
cblr-5121	15	9	a.	a.	PROPN
cblr-5121	15	10	reserve	reserve	PROPN
cblr-5121	15	11	bank	bank	PROPN
cblr-5121	15	12	supervision	supervision	NOUN
cblr-5121	15	13	in	in	ADP
cblr-5121	15	14	practice	practice	NOUN
cblr-5121	15	15	..............	..............	PUNCT
cblr-5121	15	16	1141	1141	NUM
cblr-5121	15	17	b.	b.	PROPN
cblr-5121	15	18	reserve	reserve	PROPN
cblr-5121	15	19	bank	bank	PROPN
cblr-5121	15	20	supervision	supervision	NOUN
cblr-5121	15	21	and	and	CCONJ
cblr-5121	15	22	the	the	DET
cblr-5121	15	23	board	board	NOUN
cblr-5121	15	24	of	of	ADP
cblr-5121	15	25	governors	governor	NOUN
cblr-5121	15	26	...........................................................	...........................................................	PUNCT
cblr-5121	15	27	1143	1143	NUM
cblr-5121	15	28	c.	c.	NOUN
cblr-5121	15	29	the	the	DET
cblr-5121	15	30	problem	problem	NOUN
cblr-5121	15	31	of	of	ADP
cblr-5121	15	32	financial	financial	ADJ
cblr-5121	15	33	supervision	supervision	NOUN
cblr-5121	15	34	by	by	ADP
cblr-5121	15	35	the	the	DET
cblr-5121	15	36	reserve	reserve	NOUN
cblr-5121	15	37	banks	bank	NOUN
cblr-5121	15	38	...................................................	...................................................	PUNCT
cblr-5121	15	39	1145	1145	NUM
cblr-5121	15	40	d.	d.	PROPN
cblr-5121	15	41	responses	response	NOUN
cblr-5121	15	42	to	to	ADP
cblr-5121	15	43	criticism	criticism	NOUN
cblr-5121	15	44	of	of	ADP
cblr-5121	15	45	reserve	reserve	PROPN
cblr-5121	15	46	bank	bank	PROPN
cblr-5121	15	47	supervision	supervision	NOUN
cblr-5121	15	48	........................................................	........................................................	PUNCT
cblr-5121	15	49	1148	1148	NUM
cblr-5121	15	50	iv	iv	NUM
cblr-5121	15	51	.	.	PUNCT
cblr-5121	15	52	reserve	reserve	NOUN
cblr-5121	15	53	banks	bank	NOUN
cblr-5121	15	54	in	in	ADP
cblr-5121	15	55	the	the	DET
cblr-5121	15	56	constitutional	constitutional	ADJ
cblr-5121	15	57	design	design	NOUN
cblr-5121	15	58	..........	..........	PUNCT
cblr-5121	15	59	1150	1150	NUM
cblr-5121	15	60	a.	a.	NOUN
cblr-5121	15	61	the	the	DET
cblr-5121	15	62	appointments	appointment	NOUN
cblr-5121	15	63	and	and	CCONJ
cblr-5121	15	64	removal	removal	NOUN
cblr-5121	15	65	problem	problem	NOUN
cblr-5121	15	66	with	with	ADP
cblr-5121	15	67	reserve	reserve	NOUN
cblr-5121	15	68	bank	bank	NOUN
cblr-5121	15	69	presidents	president	NOUN
cblr-5121	15	70	..................................	..................................	PUNCT
cblr-5121	15	71	1151	1151	NUM
cblr-5121	15	72	1	1	NUM
cblr-5121	15	73	.	.	PUNCT
cblr-5121	16	1	the	the	DET
cblr-5121	16	2	scope	scope	NOUN
cblr-5121	16	3	of	of	ADP
cblr-5121	16	4	presidential	presidential	ADJ
cblr-5121	16	5	appointment	appointment	NOUN
cblr-5121	16	6	and	and	CCONJ
cblr-5121	16	7	removal	removal	NOUN
cblr-5121	16	8	authority	authority	NOUN
cblr-5121	16	9	.......................................	.......................................	PUNCT
cblr-5121	16	10	1152	1152	NUM
cblr-5121	16	11	2	2	NUM
cblr-5121	16	12	.	.	PUNCT
cblr-5121	16	13	reserve	reserve	PROPN
cblr-5121	16	14	bank	bank	PROPN
cblr-5121	16	15	presidents	president	NOUN
cblr-5121	16	16	:	:	PUNCT
cblr-5121	16	17	an	an	DET
cblr-5121	16	18	uneasy	uneasy	ADJ
cblr-5121	16	19	constitutional	constitutional	ADJ
cblr-5121	16	20	fit	fit	NOUN
cblr-5121	16	21	.........................................	.........................................	PUNCT
cblr-5121	16	22	1155	1155	NUM
cblr-5121	16	23	b.	b.	X
cblr-5121	17	1	the	the	DET
cblr-5121	17	2	limitations	limitation	NOUN
cblr-5121	17	3	of	of	ADP
cblr-5121	17	4	the	the	DET
cblr-5121	17	5	appointments	appointment	NOUN
cblr-5121	17	6	and	and	CCONJ
cblr-5121	17	7	removal	removal	NOUN
cblr-5121	17	8	framework	framework	NOUN
cblr-5121	17	9	........................................................	........................................................	PUNCT
cblr-5121	18	1	1157	1157	NUM
cblr-5121	18	2	v.	v.	CCONJ
cblr-5121	18	3	against	against	ADP
cblr-5121	18	4	the	the	DET
cblr-5121	18	5	grain	grain	NOUN
cblr-5121	18	6	:	:	PUNCT
cblr-5121	18	7	the	the	DET
cblr-5121	18	8	results	result	NOUN
cblr-5121	18	9	of	of	ADP
cblr-5121	18	10	federal	federal	PROPN
cblr-5121	18	11	reserve	reserve	PROPN
cblr-5121	18	12	bank	bank	PROPN
cblr-5121	18	13	appointments	appointment	NOUN
cblr-5121	18	14	.................................................	.................................................	PUNCT
cblr-5121	18	15	1161	1161	NUM
cblr-5121	18	16	a.	a.	NOUN
cblr-5121	18	17	reserve	reserve	PROPN
cblr-5121	18	18	bank	bank	PROPN
cblr-5121	18	19	presidential	presidential	ADJ
cblr-5121	18	20	appointments	appointment	NOUN
cblr-5121	18	21	in	in	ADP
cblr-5121	18	22	practice	practice	NOUN
cblr-5121	18	23	..............................................................	..............................................................	PUNCT
cblr-5121	19	1	1161	1161	NUM
cblr-5121	19	2	b.	b.	PROPN
cblr-5121	19	3	remedying	remedy	VERB
cblr-5121	19	4	the	the	DET
cblr-5121	19	5	appointment	appointment	NOUN
cblr-5121	19	6	process	process	NOUN
cblr-5121	19	7	for	for	ADP
cblr-5121	19	8	greater	great	ADJ
cblr-5121	19	9	transparency	transparency	NOUN
cblr-5121	19	10	and	and	CCONJ
cblr-5121	19	11	accountability	accountability	NOUN
cblr-5121	19	12	.....................	.....................	PUNCT
cblr-5121	19	13	1166	1166	NUM
cblr-5121	19	14	vi	vi	NOUN
cblr-5121	19	15	.	.	PROPN
cblr-5121	19	16	conclusion	conclusion	NOUN
cblr-5121	19	17	................................................................	................................................................	PUNCT
cblr-5121	19	18	1171	1171	NUM
cblr-5121	19	19	i.	i.	NOUN
cblr-5121	19	20	introduction	introduction	NOUN
cblr-5121	19	21	in	in	ADP
cblr-5121	19	22	november	november	PROPN
cblr-5121	19	23	2017	2017	NUM
cblr-5121	19	24	,	,	PUNCT
cblr-5121	19	25	william	william	PROPN
cblr-5121	19	26	dudley	dudley	PROPN
cblr-5121	19	27	,	,	PUNCT
cblr-5121	19	28	then	then	ADV
cblr-5121	19	29	president	president	NOUN
cblr-5121	19	30	of	of	ADP
cblr-5121	19	31	the	the	DET
cblr-5121	19	32	federal	federal	PROPN
cblr-5121	19	33	reserve	reserve	PROPN
cblr-5121	19	34	bank	bank	PROPN
cblr-5121	19	35	of	of	ADP
cblr-5121	19	36	new	new	PROPN
cblr-5121	19	37	york	york	PROPN
cblr-5121	19	38	(	(	PUNCT
cblr-5121	19	39	the	the	DET
cblr-5121	19	40	“	"	PUNCT
cblr-5121	19	41	new	new	PROPN
cblr-5121	19	42	york	york	PROPN
cblr-5121	19	43	fed	fed	PROPN
cblr-5121	19	44	”	"	PUNCT
cblr-5121	19	45	)	)	PUNCT
cblr-5121	19	46	,	,	PUNCT
cblr-5121	19	47	announced	announce	VERB
cblr-5121	19	48	his	his	PRON
cblr-5121	19	49	retirement.1	retirement.1	PROPN
cblr-5121	19	50	shortly	shortly	ADV
cblr-5121	19	51	thereafter	thereafter	ADV
cblr-5121	19	52	,	,	PUNCT
cblr-5121	19	53	the	the	DET
cblr-5121	19	54	board	board	NOUN
cblr-5121	19	55	of	of	ADP
cblr-5121	19	56	directors	director	NOUN
cblr-5121	19	57	of	of	ADP
cblr-5121	19	58	the	the	DET
cblr-5121	19	59	new	new	PROPN
cblr-5121	19	60	york	york	PROPN
cblr-5121	19	61	fed	fed	PROPN
cblr-5121	19	62	—	—	PUNCT
cblr-5121	19	63	nine	nine	NUM
cblr-5121	19	64	citizens	citizen	NOUN
cblr-5121	19	65	representing	represent	VERB
cblr-5121	19	66	private	private	ADJ
cblr-5121	19	67	and	and	CCONJ
cblr-5121	19	68	public	public	ADJ
cblr-5121	19	69	interests	interest	NOUN
cblr-5121	19	70	from	from	ADP
cblr-5121	19	71	the	the	DET
cblr-5121	19	72	second	second	ADJ
cblr-5121	19	73	federal	federal	PROPN
cblr-5121	19	74	reserve	reserve	PROPN
cblr-5121	19	75	district	district	PROPN
cblr-5121	19	76	,	,	PUNCT
cblr-5121	19	77	a	a	DET
cblr-5121	19	78	region	region	NOUN
cblr-5121	19	79	encompassing	encompass	VERB
cblr-5121	19	80	the	the	DET
cblr-5121	19	81	entirety	entirety	NOUN
cblr-5121	19	82	of	of	ADP
cblr-5121	19	83	new	new	PROPN
cblr-5121	19	84	york	york	PROPN
cblr-5121	19	85	,	,	PUNCT
cblr-5121	19	86	1	1	NUM
cblr-5121	19	87	press	press	NOUN
cblr-5121	19	88	release	release	NOUN
cblr-5121	19	89	,	,	PUNCT
cblr-5121	19	90	fed	fed	PROPN
cblr-5121	19	91	.	.	PROPN
cblr-5121	19	92	reserve	reserve	PROPN
cblr-5121	19	93	bank	bank	PROPN
cblr-5121	19	94	of	of	ADP
cblr-5121	19	95	n.y	n.y	PROPN
cblr-5121	19	96	.	.	PROPN
cblr-5121	19	97	,	,	PUNCT
cblr-5121	19	98	new	new	PROPN
cblr-5121	19	99	york	york	PROPN
cblr-5121	19	100	fed	fed	PROPN
cblr-5121	19	101	president	president	PROPN
cblr-5121	19	102	dudley	dudley	PROPN
cblr-5121	19	103	to	to	PART
cblr-5121	19	104	retire	retire	VERB
cblr-5121	19	105	(	(	PUNCT
cblr-5121	19	106	nov	nov	PROPN
cblr-5121	19	107	.	.	PROPN
cblr-5121	19	108	6	6	NUM
cblr-5121	19	109	,	,	PUNCT
cblr-5121	19	110	2017	2017	NUM
cblr-5121	19	111	)	)	PUNCT
cblr-5121	19	112	,	,	PUNCT
cblr-5121	20	1	https://www.newyorkfed.org/newsevents/news/aboutthefed/2017/oa171106	https://www.newyorkfed.org/newsevents/news/aboutthefed/2017/oa171106	PROPN
cblr-5121	21	1	[	[	X
cblr-5121	21	2	https://perma.cc/frk8-ua3x	https://perma.cc/frk8-ua3x	X
cblr-5121	21	3	]	]	X
cblr-5121	21	4	.	.	PUNCT
cblr-5121	22	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	22	2	(	(	PUNCT
cblr-5121	22	3	do	do	AUX
cblr-5121	22	4	not	not	PART
cblr-5121	22	5	delete	delete	VERB
cblr-5121	22	6	)	)	PUNCT
cblr-5121	22	7	1/3/2020	1/3/2020	NUM
cblr-5121	22	8	4:04	4:04	NUM
cblr-5121	22	9	pm	pm	NOUN
cblr-5121	22	10	no	no	NOUN
cblr-5121	22	11	.	.	PUNCT
cblr-5121	23	1	3:1123	3:1123	NUM
cblr-5121	23	2	]	]	PUNCT
cblr-5121	23	3	insider	insider	NOUN
cblr-5121	23	4	interest	interest	NOUN
cblr-5121	23	5	,	,	PUNCT
cblr-5121	23	6	not	not	PART
cblr-5121	23	7	industry	industry	NOUN
cblr-5121	23	8	influence	influence	NOUN
cblr-5121	23	9	1125	1125	NUM
cblr-5121	23	10	parts	part	NOUN
cblr-5121	23	11	of	of	ADP
cblr-5121	23	12	new	new	PROPN
cblr-5121	23	13	jersey	jersey	PROPN
cblr-5121	23	14	and	and	CCONJ
cblr-5121	23	15	connecticut	connecticut	PROPN
cblr-5121	23	16	,	,	PUNCT
cblr-5121	23	17	the	the	DET
cblr-5121	23	18	u.s	u.s	PROPN
cblr-5121	23	19	.	.	PROPN
cblr-5121	23	20	virgin	virgin	PROPN
cblr-5121	23	21	islands	islands	PROPN
cblr-5121	23	22	,	,	PUNCT
cblr-5121	23	23	and	and	CCONJ
cblr-5121	23	24	puerto	puerto	PROPN
cblr-5121	23	25	rico2	rico2	PROPN
cblr-5121	23	26	—	—	PUNCT
cblr-5121	23	27	empaneled	empanel	VERB
cblr-5121	23	28	a	a	DET
cblr-5121	23	29	search	search	NOUN
cblr-5121	23	30	committee	committee	NOUN
cblr-5121	23	31	empowered	empower	VERB
cblr-5121	23	32	to	to	PART
cblr-5121	23	33	solicit	solicit	VERB
cblr-5121	23	34	comments	comment	NOUN
cblr-5121	23	35	from	from	ADP
cblr-5121	23	36	“	"	PUNCT
cblr-5121	23	37	the	the	DET
cblr-5121	23	38	new	new	PROPN
cblr-5121	23	39	york	york	PROPN
cblr-5121	23	40	fed	fed	PROPN
cblr-5121	23	41	’s	’s	PART
cblr-5121	23	42	constituents	constituent	NOUN
cblr-5121	23	43	”	"	PUNCT
cblr-5121	23	44	and	and	CCONJ
cblr-5121	23	45	retain	retain	VERB
cblr-5121	23	46	firms	firm	NOUN
cblr-5121	23	47	to	to	PART
cblr-5121	23	48	aid	aid	VERB
cblr-5121	23	49	in	in	ADP
cblr-5121	23	50	the	the	DET
cblr-5121	23	51	search.3	search.3	NOUN
cblr-5121	23	52	less	less	ADJ
cblr-5121	23	53	than	than	ADP
cblr-5121	23	54	six	six	NUM
cblr-5121	23	55	months	month	NOUN
cblr-5121	23	56	later	later	ADV
cblr-5121	23	57	,	,	PUNCT
cblr-5121	23	58	with	with	ADP
cblr-5121	23	59	one	one	NUM
cblr-5121	23	60	public	public	ADJ
cblr-5121	23	61	update	update	NOUN
cblr-5121	23	62	from	from	ADP
cblr-5121	23	63	the	the	DET
cblr-5121	23	64	new	new	PROPN
cblr-5121	23	65	york	york	PROPN
cblr-5121	23	66	fed	fed	PROPN
cblr-5121	23	67	board	board	PROPN
cblr-5121	23	68	in	in	ADP
cblr-5121	23	69	the	the	DET
cblr-5121	23	70	interim,4	interim,4	NOUN
cblr-5121	23	71	the	the	DET
cblr-5121	23	72	board	board	NOUN
cblr-5121	23	73	plucked	pluck	VERB
cblr-5121	23	74	john	john	PROPN
cblr-5121	23	75	williams	williams	PROPN
cblr-5121	23	76	,	,	PUNCT
cblr-5121	23	77	president	president	NOUN
cblr-5121	23	78	of	of	ADP
cblr-5121	23	79	the	the	DET
cblr-5121	23	80	westernmost	westernmost	NOUN
cblr-5121	23	81	federal	federal	PROPN
cblr-5121	23	82	reserve	reserve	PROPN
cblr-5121	23	83	bank	bank	PROPN
cblr-5121	23	84	and	and	CCONJ
cblr-5121	23	85	a	a	DET
cblr-5121	23	86	“	"	PUNCT
cblr-5121	23	87	consummate	consummate	ADJ
cblr-5121	23	88	central	central	ADJ
cblr-5121	23	89	-	-	PUNCT
cblr-5121	23	90	bank	bank	NOUN
cblr-5121	23	91	insider,”5	insider,”5	NOUN
cblr-5121	23	92	to	to	PART
cblr-5121	23	93	lead	lead	VERB
cblr-5121	23	94	the	the	DET
cblr-5121	23	95	most	most	ADV
cblr-5121	23	96	important	important	ADJ
cblr-5121	23	97	of	of	ADP
cblr-5121	23	98	the	the	DET
cblr-5121	23	99	twelve	twelve	NUM
cblr-5121	23	100	federal	federal	ADJ
cblr-5121	23	101	reserve	reserve	NOUN
cblr-5121	23	102	banks	bank	NOUN
cblr-5121	23	103	.	.	PUNCT
cblr-5121	24	1	although	although	SCONJ
cblr-5121	24	2	the	the	DET
cblr-5121	24	3	current	current	ADJ
cblr-5121	24	4	and	and	CCONJ
cblr-5121	24	5	former	former	ADJ
cblr-5121	24	6	chairs	chair	NOUN
cblr-5121	24	7	of	of	ADP
cblr-5121	24	8	the	the	DET
cblr-5121	24	9	board	board	NOUN
cblr-5121	24	10	of	of	ADP
cblr-5121	24	11	governors	governor	NOUN
cblr-5121	24	12	of	of	ADP
cblr-5121	24	13	the	the	DET
cblr-5121	24	14	federal	federal	PROPN
cblr-5121	24	15	reserve	reserve	PROPN
cblr-5121	24	16	system	system	NOUN
cblr-5121	24	17	welcomed	welcome	VERB
cblr-5121	24	18	the	the	DET
cblr-5121	24	19	appointment	appointment	NOUN
cblr-5121	24	20	,	,	PUNCT
cblr-5121	24	21	public	public	ADJ
cblr-5121	24	22	reaction	reaction	NOUN
cblr-5121	24	23	was	be	AUX
cblr-5121	24	24	decidedly	decidedly	ADV
cblr-5121	24	25	more	more	ADJ
cblr-5121	24	26	mixed.6	mixed.6	PROPN
cblr-5121	24	27	commenters	commenter	NOUN
cblr-5121	24	28	decried	decry	VERB
cblr-5121	24	29	the	the	DET
cblr-5121	24	30	selection	selection	NOUN
cblr-5121	24	31	process	process	NOUN
cblr-5121	24	32	as	as	ADP
cblr-5121	24	33	“	"	PUNCT
cblr-5121	24	34	opaque	opaque	ADJ
cblr-5121	24	35	and	and	CCONJ
cblr-5121	24	36	pretty	pretty	ADJ
cblr-5121	24	37	byzantine”7	byzantine”7	NOUN
cblr-5121	24	38	and	and	CCONJ
cblr-5121	24	39	“	"	PUNCT
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cblr-5121	24	43	criticizing	criticize	VERB
cblr-5121	24	44	the	the	DET
cblr-5121	24	45	search	search	NOUN
cblr-5121	24	46	committee	committee	NOUN
cblr-5121	24	47	for	for	ADP
cblr-5121	24	48	apparently	apparently	ADV
cblr-5121	24	49	abandoning	abandon	VERB
cblr-5121	24	50	its	its	PRON
cblr-5121	24	51	earlier	early	ADJ
cblr-5121	24	52	2	2	NUM
cblr-5121	24	53	what	what	PRON
cblr-5121	24	54	we	we	PRON
cblr-5121	24	55	do	do	VERB
cblr-5121	24	56	,	,	PUNCT
cblr-5121	24	57	fed	fed	PROPN
cblr-5121	24	58	.	.	PUNCT
cblr-5121	25	1	res	res	PROPN
cblr-5121	25	2	.	.	PUNCT
cblr-5121	26	1	bank	bank	PROPN
cblr-5121	26	2	n.y	n.y	PROPN
cblr-5121	26	3	.	.	PROPN
cblr-5121	26	4	(	(	PUNCT
cblr-5121	26	5	oct	oct	PROPN
cblr-5121	26	6	.	.	PROPN
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cblr-5121	26	9	,	,	PUNCT
cblr-5121	26	10	https://www.newyorkfed.org/aboutthefed/whatwedo.html	https://www.newyorkfed.org/aboutthefed/whatwedo.html	VERB
cblr-5121	26	11	[	[	X
cblr-5121	26	12	https://perma.cc/f34e-c3gm	https://perma.cc/f34e-c3gm	PROPN
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cblr-5121	26	14	.	.	PUNCT
cblr-5121	27	1	3	3	NUM
cblr-5121	27	2	press	press	NOUN
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cblr-5121	27	4	,	,	PUNCT
cblr-5121	27	5	fed	fed	PROPN
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cblr-5121	27	10	n.y	n.y	PROPN
cblr-5121	27	11	.	.	PROPN
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cblr-5121	27	13	supra	supra	PROPN
cblr-5121	27	14	note	note	NOUN
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cblr-5121	27	17	4	4	NUM
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cblr-5121	27	19	from	from	ADP
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cblr-5121	27	22	&	&	CCONJ
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cblr-5121	28	2	-	-	NOUN
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cblr-5121	28	19	(	(	PUNCT
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cblr-5121	28	26	,	,	PUNCT
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cblr-5121	30	1	5	5	NUM
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cblr-5121	30	5	how	how	SCONJ
cblr-5121	30	6	the	the	DET
cblr-5121	30	7	new	new	PROPN
cblr-5121	30	8	york	york	PROPN
cblr-5121	30	9	fed	fed	PROPN
cblr-5121	30	10	,	,	PUNCT
cblr-5121	30	11	prizing	prizing	NOUN
cblr-5121	30	12	diversity	diversity	NOUN
cblr-5121	30	13	,	,	PUNCT
cblr-5121	30	14	elevated	elevate	VERB
cblr-5121	30	15	an	an	DET
cblr-5121	30	16	insider	insider	NOUN
cblr-5121	30	17	as	as	ADP
cblr-5121	30	18	its	its	PRON
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cblr-5121	30	21	,	,	PUNCT
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cblr-5121	30	24	.	.	PROPN
cblr-5121	30	25	j.	j.	PROPN
cblr-5121	30	26	(	(	PUNCT
cblr-5121	30	27	apr	apr	PROPN
cblr-5121	30	28	.	.	PROPN
cblr-5121	30	29	3	3	NUM
cblr-5121	30	30	,	,	PUNCT
cblr-5121	30	31	2018	2018	NUM
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cblr-5121	30	33	,	,	PUNCT
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cblr-5121	31	1	[	[	X
cblr-5121	31	2	https://perma.cc/p8gm-3ell	https://perma.cc/p8gm-3ell	PROPN
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cblr-5121	31	4	.	.	PUNCT
cblr-5121	31	5	6	6	NUM
cblr-5121	31	6	see	see	VERB
cblr-5121	31	7	,	,	PUNCT
cblr-5121	31	8	e.g.	e.g.	ADV
cblr-5121	31	9	,	,	PUNCT
cblr-5121	31	10	ben	ben	PROPN
cblr-5121	31	11	casselman	casselman	PROPN
cblr-5121	31	12	,	,	PUNCT
cblr-5121	31	13	new	new	PROPN
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cblr-5121	31	15	fed	fed	PROPN
cblr-5121	31	16	names	name	NOUN
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cblr-5121	31	20	,	,	PUNCT
cblr-5121	31	21	bucking	bucking	NOUN
cblr-5121	31	22	calls	call	VERB
cblr-5121	31	23	for	for	ADP
cblr-5121	31	24	diversity	diversity	NOUN
cblr-5121	31	25	,	,	PUNCT
cblr-5121	31	26	n.y	n.y	PROPN
cblr-5121	31	27	.	.	PROPN
cblr-5121	31	28	times	times	PROPN
cblr-5121	31	29	(	(	PUNCT
cblr-5121	31	30	apr	apr	PROPN
cblr-5121	31	31	.	.	PROPN
cblr-5121	31	32	3	3	NUM
cblr-5121	31	33	,	,	PUNCT
cblr-5121	31	34	2018	2018	NUM
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cblr-5121	31	36	,	,	PUNCT
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cblr-5121	32	1	[	[	X
cblr-5121	32	2	https://perma.cc/nb7y4sfy	https://perma.cc/nb7y4sfy	X
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cblr-5121	32	4	;	;	PUNCT
cblr-5121	32	5	jeanna	jeanna	PROPN
cblr-5121	32	6	smialek	smialek	PROPN
cblr-5121	32	7	et	et	PROPN
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cblr-5121	32	10	,	,	PUNCT
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cblr-5121	32	14	names	name	NOUN
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cblr-5121	32	17	as	as	ADP
cblr-5121	32	18	its	its	PRON
cblr-5121	32	19	next	next	ADJ
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cblr-5121	32	21	,	,	PUNCT
cblr-5121	32	22	bloomberg	bloomberg	PROPN
cblr-5121	32	23	(	(	PUNCT
cblr-5121	32	24	apr	apr	PROPN
cblr-5121	32	25	.	.	PROPN
cblr-5121	32	26	3	3	NUM
cblr-5121	32	27	,	,	PUNCT
cblr-5121	32	28	2018	2018	NUM
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cblr-5121	32	30	,	,	PUNCT
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cblr-5121	33	4	.	.	PUNCT
cblr-5121	33	5	7	7	NUM
cblr-5121	33	6	casselman	casselman	NOUN
cblr-5121	33	7	,	,	PUNCT
cblr-5121	33	8	supra	supra	PROPN
cblr-5121	33	9	note	note	NOUN
cblr-5121	33	10	6	6	NUM
cblr-5121	33	11	.	.	SYM
cblr-5121	33	12	8	8	NUM
cblr-5121	33	13	jeanna	jeanna	PROPN
cblr-5121	33	14	smialek	smialek	PROPN
cblr-5121	33	15	&	&	CCONJ
cblr-5121	33	16	matthew	matthew	PROPN
cblr-5121	33	17	boesler	boesler	PROPN
cblr-5121	33	18	,	,	PUNCT
cblr-5121	33	19	n.y	n.y	PROPN
cblr-5121	33	20	.	.	PROPN
cblr-5121	33	21	fed	fed	PROPN
cblr-5121	33	22	search	search	NOUN
cblr-5121	33	23	casts	cast	NOUN
cblr-5121	33	24	wide	wide	ADJ
cblr-5121	33	25	net	net	NOUN
cblr-5121	33	26	but	but	CCONJ
cblr-5121	33	27	may	may	AUX
cblr-5121	33	28	snare	snare	VERB
cblr-5121	33	29	an	an	DET
cblr-5121	33	30	insider	insider	NOUN
cblr-5121	33	31	instead	instead	ADV
cblr-5121	33	32	,	,	PUNCT
cblr-5121	33	33	bloomberg	bloomberg	PROPN
cblr-5121	33	34	(	(	PUNCT
cblr-5121	33	35	mar	mar	PROPN
cblr-5121	33	36	.	.	PROPN
cblr-5121	33	37	29	29	NUM
cblr-5121	33	38	,	,	PUNCT
cblr-5121	33	39	2018	2018	NUM
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cblr-5121	33	41	,	,	PUNCT
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cblr-5121	34	1	[	[	X
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cblr-5121	34	4	.	.	PUNCT
cblr-5121	35	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	35	2	(	(	PUNCT
cblr-5121	35	3	do	do	AUX
cblr-5121	35	4	not	not	PART
cblr-5121	35	5	delte	delte	VERB
cblr-5121	35	6	)	)	PUNCT
cblr-5121	35	7	1/3/2020	1/3/2020	NUM
cblr-5121	35	8	4:04	4:04	NUM
cblr-5121	35	9	pm	pm	NOUN
cblr-5121	35	10	1126	1126	NUM
cblr-5121	35	11	columbia	columbia	PROPN
cblr-5121	35	12	business	business	NOUN
cblr-5121	35	13	law	law	PROPN
cblr-5121	35	14	review	review	NOUN
cblr-5121	35	15	[	[	X
cblr-5121	35	16	vol	vol	NOUN
cblr-5121	35	17	.	.	NOUN
cblr-5121	35	18	2019	2019	NUM
cblr-5121	35	19	promises	promise	NOUN
cblr-5121	35	20	of	of	ADP
cblr-5121	35	21	a	a	DET
cblr-5121	35	22	diverse	diverse	ADJ
cblr-5121	35	23	and	and	CCONJ
cblr-5121	35	24	transparent	transparent	ADJ
cblr-5121	35	25	hiring	hiring	NOUN
cblr-5121	35	26	process	process	NOUN
cblr-5121	35	27	in	in	ADP
cblr-5121	35	28	favor	favor	NOUN
cblr-5121	35	29	of	of	ADP
cblr-5121	35	30	installing	instal	VERB
cblr-5121	35	31	a	a	DET
cblr-5121	35	32	member	member	NOUN
cblr-5121	35	33	of	of	ADP
cblr-5121	35	34	federal	federal	PROPN
cblr-5121	35	35	reserve	reserve	PROPN
cblr-5121	35	36	chair	chair	PROPN
cblr-5121	35	37	jerome	jerome	PROPN
cblr-5121	35	38	powell	powell	PROPN
cblr-5121	35	39	’s	’s	PART
cblr-5121	35	40	“	"	PUNCT
cblr-5121	35	41	inner	inner	ADJ
cblr-5121	35	42	circle	circle	NOUN
cblr-5121	35	43	.	.	PUNCT
cblr-5121	35	44	”9	”9	PUNCT
cblr-5121	36	1	legislators	legislator	NOUN
cblr-5121	36	2	took	take	VERB
cblr-5121	36	3	particular	particular	ADJ
cblr-5121	36	4	exception	exception	NOUN
cblr-5121	36	5	at	at	ADP
cblr-5121	36	6	the	the	DET
cblr-5121	36	7	appointment	appointment	NOUN
cblr-5121	36	8	,	,	PUNCT
cblr-5121	36	9	calling	call	VERB
cblr-5121	36	10	for	for	ADP
cblr-5121	36	11	the	the	DET
cblr-5121	36	12	new	new	PROPN
cblr-5121	36	13	york	york	PROPN
cblr-5121	36	14	fed	fed	PROPN
cblr-5121	36	15	search	search	PROPN
cblr-5121	36	16	committee	committee	NOUN
cblr-5121	36	17	to	to	PART
cblr-5121	36	18	appear	appear	VERB
cblr-5121	36	19	before	before	ADP
cblr-5121	36	20	congress	congress	PROPN
cblr-5121	36	21	or	or	CCONJ
cblr-5121	36	22	for	for	ADP
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cblr-5121	36	24	nominee	nominee	NOUN
cblr-5121	36	25	himself	himself	PRON
cblr-5121	36	26	to	to	PART
cblr-5121	36	27	appear	appear	VERB
cblr-5121	36	28	for	for	ADP
cblr-5121	36	29	a	a	DET
cblr-5121	36	30	formal	formal	ADJ
cblr-5121	36	31	confirmation	confirmation	NOUN
cblr-5121	36	32	hearing.10	hearing.10	PROPN
cblr-5121	36	33	it	it	PRON
cblr-5121	36	34	was	be	AUX
cblr-5121	36	35	not	not	PART
cblr-5121	36	36	the	the	DET
cblr-5121	36	37	first	first	ADJ
cblr-5121	36	38	time	time	NOUN
cblr-5121	36	39	in	in	ADP
cblr-5121	36	40	recent	recent	ADJ
cblr-5121	36	41	memory	memory	NOUN
cblr-5121	36	42	that	that	SCONJ
cblr-5121	36	43	the	the	DET
cblr-5121	36	44	new	new	PROPN
cblr-5121	36	45	york	york	PROPN
cblr-5121	36	46	fed	fed	PROPN
cblr-5121	36	47	had	have	AUX
cblr-5121	36	48	come	come	VERB
cblr-5121	36	49	under	under	ADP
cblr-5121	36	50	public	public	ADJ
cblr-5121	36	51	fire	fire	NOUN
cblr-5121	36	52	.	.	PUNCT
cblr-5121	37	1	four	four	NUM
cblr-5121	37	2	years	year	NOUN
cblr-5121	37	3	earlier	early	ADV
cblr-5121	37	4	,	,	PUNCT
cblr-5121	37	5	new	new	PROPN
cblr-5121	37	6	york	york	PROPN
cblr-5121	37	7	fed	fed	PROPN
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cblr-5121	37	10	dudley	dudley	PROPN
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cblr-5121	37	12	summoned	summon	VERB
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cblr-5121	37	14	the	the	DET
cblr-5121	37	15	senate	senate	PROPN
cblr-5121	37	16	’s	’s	PART
cblr-5121	37	17	subcommittee	subcommittee	NOUN
cblr-5121	37	18	on	on	ADP
cblr-5121	37	19	financial	financial	ADJ
cblr-5121	37	20	institutions	institution	NOUN
cblr-5121	37	21	and	and	CCONJ
cblr-5121	37	22	consumer	consumer	NOUN
cblr-5121	37	23	protection	protection	NOUN
cblr-5121	37	24	,	,	PUNCT
cblr-5121	37	25	which	which	PRON
cblr-5121	37	26	took	take	VERB
cblr-5121	37	27	aim	aim	NOUN
cblr-5121	37	28	at	at	ADP
cblr-5121	37	29	a	a	DET
cblr-5121	37	30	different	different	ADJ
cblr-5121	37	31	perceived	perceive	VERB
cblr-5121	37	32	problem	problem	NOUN
cblr-5121	37	33	at	at	ADP
cblr-5121	37	34	the	the	DET
cblr-5121	37	35	bank	bank	NOUN
cblr-5121	37	36	:	:	PUNCT
cblr-5121	37	37	its	its	PRON
cblr-5121	37	38	supervision	supervision	NOUN
cblr-5121	37	39	of	of	ADP
cblr-5121	37	40	banks	bank	NOUN
cblr-5121	37	41	in	in	ADP
cblr-5121	37	42	the	the	DET
cblr-5121	37	43	district.11	district.11	NOUN
cblr-5121	37	44	after	after	ADP
cblr-5121	37	45	the	the	DET
cblr-5121	37	46	disclosure	disclosure	NOUN
cblr-5121	37	47	of	of	ADP
cblr-5121	37	48	taped	tape	VERB
cblr-5121	37	49	conversations	conversation	NOUN
cblr-5121	37	50	among	among	ADP
cblr-5121	37	51	new	new	PROPN
cblr-5121	37	52	york	york	PROPN
cblr-5121	37	53	fed	fed	PROPN
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cblr-5121	37	55	regarding	regard	VERB
cblr-5121	37	56	the	the	DET
cblr-5121	37	57	adequacy	adequacy	NOUN
cblr-5121	37	58	of	of	ADP
cblr-5121	37	59	goldman	goldman	NOUN
cblr-5121	37	60	sachs	sachs	PROPN
cblr-5121	37	61	’	'	PUNCT
cblr-5121	37	62	internal	internal	ADJ
cblr-5121	37	63	conflict	conflict	NOUN
cblr-5121	37	64	-	-	PUNCT
cblr-5121	37	65	of	of	ADP
cblr-5121	37	66	-	-	PUNCT
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cblr-5121	37	68	policy,12	policy,12	ADJ
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cblr-5121	37	70	senate	senate	PROPN
cblr-5121	37	71	subcommittee	subcommittee	NOUN
cblr-5121	37	72	questioned	question	VERB
cblr-5121	37	73	the	the	DET
cblr-5121	37	74	new	new	PROPN
cblr-5121	37	75	york	york	PROPN
cblr-5121	37	76	fed	fed	PROPN
cblr-5121	37	77	’s	’s	PART
cblr-5121	37	78	ability	ability	NOUN
cblr-5121	37	79	and	and	CCONJ
cblr-5121	37	80	desire	desire	NOUN
cblr-5121	37	81	to	to	PART
cblr-5121	37	82	supervise	supervise	VERB
cblr-5121	37	83	important	important	ADJ
cblr-5121	37	84	financial	financial	ADJ
cblr-5121	37	85	institutions	institution	NOUN
cblr-5121	37	86	headquartered	headquarter	VERB
cblr-5121	37	87	in	in	ADP
cblr-5121	37	88	its	its	PRON
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cblr-5121	37	90	.	.	PUNCT
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cblr-5121	38	3	,	,	PUNCT
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cblr-5121	38	6	reflected	reflect	VERB
cblr-5121	38	7	a	a	DET
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cblr-5121	38	9	of	of	ADP
cblr-5121	38	10	deference	deference	NOUN
cblr-5121	38	11	by	by	ADP
cblr-5121	38	12	the	the	DET
cblr-5121	38	13	new	new	PROPN
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cblr-5121	38	15	fed	fed	PROPN
cblr-5121	38	16	to	to	ADP
cblr-5121	38	17	the	the	DET
cblr-5121	38	18	financial	financial	ADJ
cblr-5121	38	19	industry	industry	NOUN
cblr-5121	38	20	—	—	PUNCT
cblr-5121	38	21	a	a	DET
cblr-5121	38	22	culture	culture	NOUN
cblr-5121	38	23	rooted	root	VERB
cblr-5121	38	24	in	in	ADP
cblr-5121	38	25	the	the	DET
cblr-5121	38	26	institutional	institutional	ADJ
cblr-5121	38	27	structure	structure	NOUN
cblr-5121	38	28	of	of	ADP
cblr-5121	38	29	the	the	DET
cblr-5121	38	30	new	new	PROPN
cblr-5121	38	31	york	york	PROPN
cblr-5121	38	32	fed	feed	VERB
cblr-5121	38	33	itself	itself	PRON
cblr-5121	38	34	.	.	PUNCT
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cblr-5121	39	2	one	one	NUM
cblr-5121	39	3	illustrative	illustrative	ADJ
cblr-5121	39	4	exchange	exchange	NOUN
cblr-5121	39	5	from	from	ADP
cblr-5121	39	6	the	the	DET
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cblr-5121	39	8	—	—	PUNCT
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cblr-5121	39	10	aimed	aim	VERB
cblr-5121	39	11	at	at	ADP
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cblr-5121	39	17	capture”—one	capture”—one	NOUN
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cblr-5121	39	19	decried	decry	VERB
cblr-5121	39	20	a	a	DET
cblr-5121	39	21	regulatory	regulatory	ADJ
cblr-5121	39	22	“	"	PUNCT
cblr-5121	39	23	culture	culture	NOUN
cblr-5121	39	24	in	in	ADP
cblr-5121	39	25	which	which	PRON
cblr-5121	39	26	[	[	X
cblr-5121	39	27	the	the	DET
cblr-5121	39	28	new	new	PROPN
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cblr-5121	39	35	.	.	PUNCT
cblr-5121	39	36	.	.	PUNCT
cblr-5121	40	1	.	.	PUNCT
cblr-5121	41	1	as	as	ADV
cblr-5121	41	2	essentially	essentially	ADV
cblr-5121	41	3	hired	hire	VERB
cblr-5121	41	4	and	and	CCONJ
cblr-5121	41	5	9	9	NUM
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cblr-5121	41	8	10	10	NUM
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cblr-5121	42	3	11	11	NUM
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cblr-5121	42	5	financial	financial	ADJ
cblr-5121	42	6	institution	institution	NOUN
cblr-5121	42	7	supervision	supervision	NOUN
cblr-5121	42	8	:	:	PUNCT
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cblr-5121	42	10	and	and	CCONJ
cblr-5121	42	11	addressing	address	VERB
cblr-5121	42	12	regulatory	regulatory	ADJ
cblr-5121	42	13	capture	capture	NOUN
cblr-5121	42	14	:	:	PUNCT
cblr-5121	42	15	hearing	hear	VERB
cblr-5121	42	16	before	before	ADP
cblr-5121	42	17	the	the	DET
cblr-5121	42	18	subcomm	subcomm	NOUN
cblr-5121	42	19	.	.	PUNCT
cblr-5121	43	1	on	on	ADP
cblr-5121	43	2	fin	fin	NOUN
cblr-5121	43	3	.	.	PUNCT
cblr-5121	44	1	insts	inst	NOUN
cblr-5121	44	2	.	.	PUNCT
cblr-5121	45	1	and	and	CCONJ
cblr-5121	45	2	consumer	consumer	NOUN
cblr-5121	45	3	prot	prot	NOUN
cblr-5121	45	4	.	.	PUNCT
cblr-5121	46	1	of	of	ADP
cblr-5121	46	2	the	the	DET
cblr-5121	46	3	s.	s.	PROPN
cblr-5121	46	4	comm	comm	NOUN
cblr-5121	46	5	.	.	PUNCT
cblr-5121	47	1	on	on	ADP
cblr-5121	47	2	banking	banking	NOUN
cblr-5121	47	3	,	,	PUNCT
cblr-5121	47	4	hous	hous	ADJ
cblr-5121	47	5	.	.	PUNCT
cblr-5121	47	6	,	,	PUNCT
cblr-5121	47	7	and	and	CCONJ
cblr-5121	47	8	urban	urban	PROPN
cblr-5121	47	9	affairs	affairs	PROPN
cblr-5121	47	10	,	,	PUNCT
cblr-5121	47	11	113th	113th	PROPN
cblr-5121	47	12	cong	cong	NOUN
cblr-5121	47	13	.	.	PROPN
cblr-5121	47	14	2	2	NUM
cblr-5121	47	15	(	(	PUNCT
cblr-5121	47	16	2014	2014	NUM
cblr-5121	47	17	)	)	PUNCT
cblr-5121	48	1	[	[	X
cblr-5121	48	2	hereinafter	hereinafter	NOUN
cblr-5121	48	3	hearings	hearing	NOUN
cblr-5121	48	4	]	]	PUNCT
cblr-5121	48	5	(	(	PUNCT
cblr-5121	48	6	statement	statement	NOUN
cblr-5121	48	7	of	of	ADP
cblr-5121	48	8	sen	sen	PROPN
cblr-5121	48	9	.	.	PROPN
cblr-5121	48	10	sherrod	sherrod	PROPN
cblr-5121	48	11	brown	brown	PROPN
cblr-5121	48	12	,	,	PUNCT
cblr-5121	48	13	chairman	chairman	NOUN
cblr-5121	48	14	,	,	PUNCT
cblr-5121	48	15	s.	s.	PROPN
cblr-5121	48	16	subcomm	subcomm	PROPN
cblr-5121	48	17	.	.	PUNCT
cblr-5121	49	1	on	on	ADP
cblr-5121	49	2	fin	fin	NOUN
cblr-5121	49	3	.	.	PUNCT
cblr-5121	50	1	insts	inst	NOUN
cblr-5121	50	2	.	.	PUNCT
cblr-5121	51	1	and	and	CCONJ
cblr-5121	51	2	consumer	consumer	NOUN
cblr-5121	51	3	prot	prot	NOUN
cblr-5121	51	4	.	.	PUNCT
cblr-5121	51	5	)	)	PUNCT
cblr-5121	51	6	.	.	PUNCT
cblr-5121	52	1	12	12	NUM
cblr-5121	52	2	these	these	DET
cblr-5121	52	3	disclosures	disclosure	NOUN
cblr-5121	52	4	ultimately	ultimately	ADV
cblr-5121	52	5	culminated	culminate	VERB
cblr-5121	52	6	in	in	ADP
cblr-5121	52	7	the	the	DET
cblr-5121	52	8	firing	firing	NOUN
cblr-5121	52	9	of	of	ADP
cblr-5121	52	10	the	the	DET
cblr-5121	52	11	bank	bank	NOUN
cblr-5121	52	12	examiner	examiner	NOUN
cblr-5121	52	13	who	who	PRON
cblr-5121	52	14	released	release	VERB
cblr-5121	52	15	her	her	PRON
cblr-5121	52	16	discussions	discussion	NOUN
cblr-5121	52	17	with	with	ADP
cblr-5121	52	18	bank	bank	NOUN
cblr-5121	52	19	officials	official	NOUN
cblr-5121	52	20	.	.	PUNCT
cblr-5121	53	1	see	see	VERB
cblr-5121	53	2	jake	jake	PROPN
cblr-5121	53	3	bernstein	bernstein	PROPN
cblr-5121	53	4	,	,	PUNCT
cblr-5121	53	5	inside	inside	ADP
cblr-5121	53	6	the	the	DET
cblr-5121	53	7	new	new	PROPN
cblr-5121	53	8	york	york	PROPN
cblr-5121	53	9	fed	fed	PROPN
cblr-5121	53	10	:	:	PUNCT
cblr-5121	53	11	secret	secret	ADJ
cblr-5121	53	12	recordings	recording	NOUN
cblr-5121	53	13	and	and	CCONJ
cblr-5121	53	14	a	a	DET
cblr-5121	53	15	culture	culture	NOUN
cblr-5121	53	16	clash	clash	NOUN
cblr-5121	53	17	,	,	PUNCT
cblr-5121	53	18	propublica	propublica	PROPN
cblr-5121	53	19	(	(	PUNCT
cblr-5121	53	20	sept	sept	PROPN
cblr-5121	53	21	.	.	PROPN
cblr-5121	53	22	26	26	NUM
cblr-5121	53	23	,	,	PUNCT
cblr-5121	53	24	2014	2014	NUM
cblr-5121	53	25	)	)	PUNCT
cblr-5121	53	26	,	,	PUNCT
cblr-5121	53	27	https://www.propublica.org/article/carmensegarras-secret-recordings-from-inside-new-york-fed	https://www.propublica.org/article/carmensegarras-secret-recordings-from-inside-new-york-fed	PROPN
cblr-5121	54	1	[	[	X
cblr-5121	54	2	https://perma.cc/5urt-t9hy	https://perma.cc/5urt-t9hy	X
cblr-5121	54	3	]	]	X
cblr-5121	54	4	[	[	X
cblr-5121	54	5	hereinafter	hereinafter	NOUN
cblr-5121	54	6	inside	inside	ADP
cblr-5121	54	7	the	the	DET
cblr-5121	54	8	new	new	PROPN
cblr-5121	54	9	york	york	PROPN
cblr-5121	54	10	fed	fed	PROPN
cblr-5121	54	11	]	]	X
cblr-5121	54	12	;	;	PUNCT
cblr-5121	54	13	jake	jake	PROPN
cblr-5121	54	14	berstein	berstein	PROPN
cblr-5121	54	15	,	,	PUNCT
cblr-5121	54	16	ny	ny	PROPN
cblr-5121	54	17	fed	fed	PROPN
cblr-5121	54	18	fired	fire	VERB
cblr-5121	54	19	examiner	examiner	NOUN
cblr-5121	54	20	who	who	PRON
cblr-5121	54	21	took	take	VERB
cblr-5121	54	22	on	on	ADP
cblr-5121	54	23	goldman	goldman	PROPN
cblr-5121	54	24	,	,	PUNCT
cblr-5121	54	25	propublica	propublica	PROPN
cblr-5121	54	26	(	(	PUNCT
cblr-5121	54	27	oct	oct	PROPN
cblr-5121	54	28	.	.	PROPN
cblr-5121	54	29	10	10	NUM
cblr-5121	54	30	,	,	PUNCT
cblr-5121	54	31	2013	2013	NUM
cblr-5121	54	32	)	)	PUNCT
cblr-5121	54	33	,	,	PUNCT
cblr-5121	54	34	https://www.propublica.org/article/ny-fed-fired-examiner-whotook-on-goldman	https://www.propublica.org/article/ny-fed-fired-examiner-whotook-on-goldman	PROPN
cblr-5121	55	1	[	[	X
cblr-5121	55	2	https://perma.cc/4nxc-qnxz	https://perma.cc/4nxc-qnxz	X
cblr-5121	55	3	]	]	X
cblr-5121	55	4	.	.	PUNCT
cblr-5121	56	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	56	2	(	(	PUNCT
cblr-5121	56	3	do	do	AUX
cblr-5121	56	4	not	not	PART
cblr-5121	56	5	delete	delete	VERB
cblr-5121	56	6	)	)	PUNCT
cblr-5121	56	7	1/3/2020	1/3/2020	NUM
cblr-5121	56	8	4:04	4:04	NUM
cblr-5121	56	9	pm	pm	NOUN
cblr-5121	56	10	no	no	NOUN
cblr-5121	56	11	.	.	PUNCT
cblr-5121	57	1	3:1123	3:1123	NUM
cblr-5121	57	2	]	]	PUNCT
cblr-5121	57	3	insider	insider	NOUN
cblr-5121	57	4	interest	interest	NOUN
cblr-5121	57	5	,	,	PUNCT
cblr-5121	57	6	not	not	PART
cblr-5121	57	7	industry	industry	NOUN
cblr-5121	57	8	influence	influence	NOUN
cblr-5121	57	9	1127	1127	NUM
cblr-5121	57	10	serving	serve	VERB
cblr-5121	57	11	at	at	ADP
cblr-5121	57	12	the	the	PRON
cblr-5121	57	13	,	,	PUNCT
cblr-5121	57	14	if	if	SCONJ
cblr-5121	57	15	not	not	PART
cblr-5121	57	16	the	the	DET
cblr-5121	57	17	will	will	NOUN
cblr-5121	57	18	,	,	PUNCT
cblr-5121	57	19	at	at	ADP
cblr-5121	57	20	least	least	ADJ
cblr-5121	57	21	with	with	ADP
cblr-5121	57	22	the	the	DET
cblr-5121	57	23	influence	influence	NOUN
cblr-5121	57	24	of	of	ADP
cblr-5121	57	25	those	those	PRON
cblr-5121	57	26	[	[	X
cblr-5121	57	27	the	the	DET
cblr-5121	57	28	bank	bank	NOUN
cblr-5121	57	29	]	]	PUNCT
cblr-5121	57	30	regulate[s].”13	regulate[s].”13	PUNCT
cblr-5121	57	31	indeed	indeed	ADV
cblr-5121	57	32	,	,	PUNCT
cblr-5121	57	33	the	the	DET
cblr-5121	57	34	“	"	PUNCT
cblr-5121	57	35	opaque	opaque	ADJ
cblr-5121	57	36	and	and	CCONJ
cblr-5121	57	37	pretty	pretty	ADV
cblr-5121	57	38	byzantine	byzantine	ADJ
cblr-5121	57	39	”	"	PUNCT
cblr-5121	57	40	process	process	NOUN
cblr-5121	57	41	by	by	ADP
cblr-5121	57	42	which	which	PRON
cblr-5121	57	43	the	the	DET
cblr-5121	57	44	new	new	PROPN
cblr-5121	57	45	york	york	PROPN
cblr-5121	57	46	fed	fed	PROPN
cblr-5121	57	47	president	president	NOUN
cblr-5121	57	48	(	(	PUNCT
cblr-5121	57	49	along	along	ADP
cblr-5121	57	50	with	with	ADP
cblr-5121	57	51	the	the	DET
cblr-5121	57	52	other	other	ADJ
cblr-5121	57	53	regional	regional	ADJ
cblr-5121	57	54	federal	federal	PROPN
cblr-5121	57	55	reserve	reserve	PROPN
cblr-5121	57	56	bank	bank	PROPN
cblr-5121	57	57	presidents	president	NOUN
cblr-5121	57	58	)	)	PUNCT
cblr-5121	57	59	is	be	AUX
cblr-5121	57	60	selected	select	VERB
cblr-5121	57	61	has	have	AUX
cblr-5121	57	62	,	,	PUNCT
cblr-5121	57	63	until	until	ADP
cblr-5121	57	64	recently	recently	ADV
cblr-5121	57	65	,	,	PUNCT
cblr-5121	57	66	directly	directly	ADV
cblr-5121	57	67	involved	involve	VERB
cblr-5121	57	68	representatives	representative	NOUN
cblr-5121	57	69	of	of	ADP
cblr-5121	57	70	the	the	DET
cblr-5121	57	71	banks	bank	NOUN
cblr-5121	57	72	that	that	PRON
cblr-5121	57	73	the	the	DET
cblr-5121	57	74	federal	federal	PROPN
cblr-5121	57	75	reserve	reserve	PROPN
cblr-5121	57	76	is	be	AUX
cblr-5121	57	77	charged	charge	VERB
cblr-5121	57	78	with	with	ADP
cblr-5121	57	79	supervising	supervise	VERB
cblr-5121	57	80	.	.	PUNCT
cblr-5121	58	1	given	give	VERB
cblr-5121	58	2	the	the	DET
cblr-5121	58	3	previous	previous	ADJ
cblr-5121	58	4	role	role	NOUN
cblr-5121	58	5	of	of	ADP
cblr-5121	58	6	regulated	regulated	ADJ
cblr-5121	58	7	entities	entity	NOUN
cblr-5121	58	8	in	in	ADP
cblr-5121	58	9	appointing	appoint	VERB
cblr-5121	58	10	federal	federal	PROPN
cblr-5121	58	11	reserve	reserve	PROPN
cblr-5121	58	12	bank	bank	PROPN
cblr-5121	58	13	presidents	president	NOUN
cblr-5121	58	14	,	,	PUNCT
cblr-5121	58	15	it	it	PRON
cblr-5121	58	16	comes	come	VERB
cblr-5121	58	17	as	as	ADP
cblr-5121	58	18	little	little	ADJ
cblr-5121	58	19	surprise	surprise	NOUN
cblr-5121	58	20	that	that	SCONJ
cblr-5121	58	21	the	the	DET
cblr-5121	58	22	reserve	reserve	NOUN
cblr-5121	58	23	banks	bank	NOUN
cblr-5121	58	24	have	have	AUX
cblr-5121	58	25	been	be	AUX
cblr-5121	58	26	criticized	criticize	VERB
cblr-5121	58	27	as	as	ADP
cblr-5121	58	28	potentially	potentially	ADV
cblr-5121	58	29	being	be	AUX
cblr-5121	58	30	overly	overly	ADV
cblr-5121	58	31	deferential	deferential	ADJ
cblr-5121	58	32	to	to	ADP
cblr-5121	58	33	the	the	DET
cblr-5121	58	34	banks	bank	NOUN
cblr-5121	58	35	they	they	PRON
cblr-5121	58	36	regulate.14	regulate.14	PROPN
cblr-5121	58	37	originally	originally	ADV
cblr-5121	58	38	conceived	conceive	VERB
cblr-5121	58	39	as	as	ADP
cblr-5121	58	40	a	a	DET
cblr-5121	58	41	check	check	NOUN
cblr-5121	58	42	on	on	ADP
cblr-5121	58	43	the	the	DET
cblr-5121	58	44	potential	potential	ADJ
cblr-5121	58	45	inflationary	inflationary	ADJ
cblr-5121	58	46	tendencies	tendency	NOUN
cblr-5121	58	47	of	of	ADP
cblr-5121	58	48	government	government	NOUN
cblr-5121	58	49	,	,	PUNCT
cblr-5121	58	50	the	the	DET
cblr-5121	58	51	reserve	reserve	NOUN
cblr-5121	58	52	banks	bank	NOUN
cblr-5121	58	53	have	have	AUX
cblr-5121	58	54	come	come	VERB
cblr-5121	58	55	under	under	ADP
cblr-5121	58	56	fire	fire	NOUN
cblr-5121	58	57	for	for	ADP
cblr-5121	58	58	the	the	DET
cblr-5121	58	59	unusual	unusual	ADJ
cblr-5121	58	60	governance	governance	NOUN
cblr-5121	58	61	structure	structure	NOUN
cblr-5121	58	62	that	that	PRON
cblr-5121	58	63	sprung	spring	VERB
cblr-5121	58	64	from	from	ADP
cblr-5121	58	65	this	this	DET
cblr-5121	58	66	original	original	ADJ
cblr-5121	58	67	conceit.15	conceit.15	NOUN
cblr-5121	58	68	this	this	DET
cblr-5121	58	69	note	note	NOUN
cblr-5121	58	70	examines	examine	VERB
cblr-5121	58	71	the	the	DET
cblr-5121	58	72	unusual	unusual	ADJ
cblr-5121	58	73	institutional	institutional	ADJ
cblr-5121	58	74	structure	structure	NOUN
cblr-5121	58	75	of	of	ADP
cblr-5121	58	76	the	the	DET
cblr-5121	58	77	federal	federal	PROPN
cblr-5121	58	78	reserve	reserve	NOUN
cblr-5121	58	79	system	system	NOUN
cblr-5121	58	80	and	and	CCONJ
cblr-5121	58	81	its	its	PRON
cblr-5121	58	82	quasi	quasi	ADJ
cblr-5121	58	83	-	-	ADJ
cblr-5121	58	84	private	private	ADJ
cblr-5121	58	85	regional	regional	ADJ
cblr-5121	58	86	reserve	reserve	NOUN
cblr-5121	58	87	banks	bank	NOUN
cblr-5121	58	88	,	,	PUNCT
cblr-5121	58	89	and	and	CCONJ
cblr-5121	58	90	outlines	outline	VERB
cblr-5121	58	91	the	the	DET
cblr-5121	58	92	critique	critique	NOUN
cblr-5121	58	93	that	that	SCONJ
cblr-5121	58	94	this	this	DET
cblr-5121	58	95	structure	structure	NOUN
cblr-5121	58	96	renders	render	VERB
cblr-5121	58	97	the	the	DET
cblr-5121	58	98	regional	regional	ADJ
cblr-5121	58	99	reserve	reserve	NOUN
cblr-5121	58	100	banks	bank	NOUN
cblr-5121	58	101	both	both	PRON
cblr-5121	58	102	constitutionally	constitutionally	ADV
cblr-5121	58	103	suspect	suspect	ADJ
cblr-5121	58	104	and	and	CCONJ
cblr-5121	58	105	,	,	PUNCT
cblr-5121	58	106	arguably	arguably	ADV
cblr-5121	58	107	,	,	PUNCT
cblr-5121	58	108	practically	practically	ADV
cblr-5121	58	109	beholden	beholden	ADJ
cblr-5121	58	110	to	to	ADP
cblr-5121	58	111	financial	financial	ADJ
cblr-5121	58	112	interests	interest	NOUN
cblr-5121	58	113	.	.	PUNCT
cblr-5121	59	1	13	13	NUM
cblr-5121	59	2	hearings	hearing	NOUN
cblr-5121	59	3	,	,	PUNCT
cblr-5121	59	4	supra	supra	PROPN
cblr-5121	59	5	note	note	PROPN
cblr-5121	59	6	11	11	NUM
cblr-5121	59	7	,	,	PUNCT
cblr-5121	59	8	at	at	ADP
cblr-5121	59	9	10	10	NUM
cblr-5121	59	10	(	(	PUNCT
cblr-5121	59	11	statement	statement	NOUN
cblr-5121	59	12	of	of	ADP
cblr-5121	59	13	william	william	PROPN
cblr-5121	59	14	c.	c.	PROPN
cblr-5121	59	15	dudley	dudley	PROPN
cblr-5121	59	16	,	,	PUNCT
cblr-5121	59	17	president	president	NOUN
cblr-5121	59	18	and	and	CCONJ
cblr-5121	59	19	chief	chief	ADJ
cblr-5121	59	20	exec	exec	NOUN
cblr-5121	59	21	.	.	PUNCT
cblr-5121	60	1	officer	officer	NOUN
cblr-5121	60	2	,	,	PUNCT
cblr-5121	60	3	fed	fed	PROPN
cblr-5121	60	4	.	.	PROPN
cblr-5121	60	5	reserve	reserve	PROPN
cblr-5121	60	6	bank	bank	PROPN
cblr-5121	60	7	of	of	ADP
cblr-5121	60	8	n.y	n.y	PROPN
cblr-5121	60	9	.	.	PROPN
cblr-5121	60	10	)	)	PUNCT
cblr-5121	60	11	.	.	PUNCT
cblr-5121	61	1	this	this	DET
cblr-5121	61	2	perception	perception	NOUN
cblr-5121	61	3	was	be	AUX
cblr-5121	61	4	further	far	ADV
cblr-5121	61	5	exacerbated	exacerbate	VERB
cblr-5121	61	6	by	by	ADP
cblr-5121	61	7	the	the	DET
cblr-5121	61	8	new	new	PROPN
cblr-5121	61	9	york	york	PROPN
cblr-5121	61	10	fed	fed	PROPN
cblr-5121	61	11	’s	’s	PART
cblr-5121	61	12	apparent	apparent	ADJ
cblr-5121	61	13	failure	failure	NOUN
cblr-5121	61	14	to	to	PART
cblr-5121	61	15	implement	implement	VERB
cblr-5121	61	16	recommended	recommended	ADJ
cblr-5121	61	17	changes	change	NOUN
cblr-5121	61	18	from	from	ADP
cblr-5121	61	19	its	its	PRON
cblr-5121	61	20	own	own	ADJ
cblr-5121	61	21	evaluation	evaluation	NOUN
cblr-5121	61	22	of	of	ADP
cblr-5121	61	23	the	the	DET
cblr-5121	61	24	regulatory	regulatory	ADJ
cblr-5121	61	25	lapses	lapse	NOUN
cblr-5121	61	26	that	that	PRON
cblr-5121	61	27	contributed	contribute	VERB
cblr-5121	61	28	to	to	ADP
cblr-5121	61	29	the	the	DET
cblr-5121	61	30	financial	financial	ADJ
cblr-5121	61	31	crisis	crisis	NOUN
cblr-5121	61	32	.	.	PUNCT
cblr-5121	62	1	the	the	DET
cblr-5121	62	2	internal	internal	ADJ
cblr-5121	62	3	report	report	NOUN
cblr-5121	62	4	outlined	outline	VERB
cblr-5121	62	5	a	a	DET
cblr-5121	62	6	supervisory	supervisory	ADJ
cblr-5121	62	7	culture	culture	NOUN
cblr-5121	62	8	that	that	PRON
cblr-5121	62	9	was	be	AUX
cblr-5121	62	10	viewed	view	VERB
cblr-5121	62	11	internally	internally	ADV
cblr-5121	62	12	as	as	ADP
cblr-5121	62	13	“	"	PUNCT
cblr-5121	62	14	excessive[ly	excessive[ly	PROPN
cblr-5121	62	15	]	]	PUNCT
cblr-5121	62	16	deferen[tial	deferen[tial	X
cblr-5121	62	17	]	]	PUNCT
cblr-5121	62	18	to	to	ADP
cblr-5121	62	19	banks	bank	NOUN
cblr-5121	62	20	,	,	PUNCT
cblr-5121	62	21	”	"	PUNCT
cblr-5121	62	22	where	where	SCONJ
cblr-5121	62	23	“	"	PUNCT
cblr-5121	62	24	only	only	ADV
cblr-5121	62	25	the	the	DET
cblr-5121	62	26	most	most	ADV
cblr-5121	62	27	black	black	ADJ
cblr-5121	62	28	-	-	PUNCT
cblr-5121	62	29	and	and	CCONJ
cblr-5121	62	30	-	-	PUNCT
cblr-5121	62	31	white	white	ADJ
cblr-5121	62	32	issues	issue	NOUN
cblr-5121	62	33	[	[	X
cblr-5121	62	34	were	be	AUX
cblr-5121	62	35	]	]	PUNCT
cblr-5121	62	36	taken	take	VERB
cblr-5121	62	37	forward	forward	ADV
cblr-5121	62	38	as	as	ADP
cblr-5121	62	39	concerns	concern	NOUN
cblr-5121	62	40	”	"	PUNCT
cblr-5121	62	41	with	with	ADP
cblr-5121	62	42	supervised	supervised	ADJ
cblr-5121	62	43	entities	entity	NOUN
cblr-5121	62	44	.	.	PUNCT
cblr-5121	63	1	see	see	VERB
cblr-5121	63	2	fed	fed	PROPN
cblr-5121	63	3	.	.	PUNCT
cblr-5121	64	1	reserve	reserve	PROPN
cblr-5121	64	2	bank	bank	PROPN
cblr-5121	64	3	of	of	ADP
cblr-5121	64	4	n.y	n.y	PROPN
cblr-5121	64	5	.	.	PROPN
cblr-5121	64	6	,	,	PUNCT
cblr-5121	64	7	report	report	VERB
cblr-5121	64	8	on	on	ADP
cblr-5121	64	9	systemic	systemic	ADJ
cblr-5121	64	10	risk	risk	NOUN
cblr-5121	64	11	and	and	CCONJ
cblr-5121	64	12	bank	bank	NOUN
cblr-5121	64	13	supervision	supervision	NOUN
cblr-5121	64	14	8–9	8–9	PROPN
cblr-5121	64	15	(	(	PUNCT
cblr-5121	64	16	2009	2009	NUM
cblr-5121	64	17	)	)	PUNCT
cblr-5121	64	18	(	(	PUNCT
cblr-5121	64	19	unpublished	unpublished	ADJ
cblr-5121	64	20	draft	draft	NOUN
cblr-5121	64	21	report	report	NOUN
cblr-5121	64	22	)	)	PUNCT
cblr-5121	64	23	,	,	PUNCT
cblr-5121	64	24	https://www.documentcloud.org/documents/1303305-2009-08-18-frbnyreport-on-systemic-risk-and.html	https://www.documentcloud.org/documents/1303305-2009-08-18-frbnyreport-on-systemic-risk-and.html	PUNCT
cblr-5121	65	1	[	[	X
cblr-5121	65	2	https://perma.cc/c6sg-6xhr	https://perma.cc/c6sg-6xhr	NOUN
cblr-5121	65	3	]	]	X
cblr-5121	65	4	.	.	PUNCT
cblr-5121	66	1	see	see	VERB
cblr-5121	66	2	inside	inside	ADP
cblr-5121	66	3	the	the	DET
cblr-5121	66	4	new	new	PROPN
cblr-5121	66	5	york	york	PROPN
cblr-5121	66	6	fed	fed	PROPN
cblr-5121	66	7	,	,	PUNCT
cblr-5121	66	8	supra	supra	PROPN
cblr-5121	66	9	note	note	PROPN
cblr-5121	66	10	12	12	NUM
cblr-5121	66	11	,	,	PUNCT
cblr-5121	66	12	for	for	ADP
cblr-5121	66	13	an	an	DET
cblr-5121	66	14	account	account	NOUN
cblr-5121	66	15	of	of	ADP
cblr-5121	66	16	the	the	DET
cblr-5121	66	17	purported	purport	VERB
cblr-5121	66	18	effect	effect	NOUN
cblr-5121	66	19	of	of	ADP
cblr-5121	66	20	the	the	DET
cblr-5121	66	21	beim	beim	NOUN
cblr-5121	66	22	report	report	NOUN
cblr-5121	66	23	at	at	ADP
cblr-5121	66	24	the	the	DET
cblr-5121	66	25	new	new	PROPN
cblr-5121	66	26	york	york	PROPN
cblr-5121	66	27	fed	fed	PROPN
cblr-5121	66	28	:	:	PUNCT
cblr-5121	66	29	“	"	PUNCT
cblr-5121	66	30	beim	beim	PROPN
cblr-5121	66	31	handed	hand	VERB
cblr-5121	66	32	the	the	DET
cblr-5121	66	33	report	report	NOUN
cblr-5121	66	34	to	to	ADP
cblr-5121	66	35	dudley	dudley	PROPN
cblr-5121	66	36	.	.	PUNCT
cblr-5121	67	1	the	the	DET
cblr-5121	67	2	professor	professor	NOUN
cblr-5121	67	3	[	[	X
cblr-5121	67	4	beim	beim	X
cblr-5121	67	5	]	]	PUNCT
cblr-5121	67	6	kept	keep	VERB
cblr-5121	67	7	it	it	PRON
cblr-5121	67	8	in	in	ADP
cblr-5121	67	9	draft	draft	NOUN
cblr-5121	67	10	form	form	NOUN
cblr-5121	67	11	to	to	PART
cblr-5121	67	12	help	help	VERB
cblr-5121	67	13	maintain	maintain	VERB
cblr-5121	67	14	secrecy	secrecy	NOUN
cblr-5121	67	15	and	and	CCONJ
cblr-5121	67	16	because	because	SCONJ
cblr-5121	67	17	he	he	PRON
cblr-5121	67	18	thought	think	VERB
cblr-5121	67	19	the	the	DET
cblr-5121	67	20	fed	fed	PROPN
cblr-5121	67	21	president	president	NOUN
cblr-5121	67	22	might	might	AUX
cblr-5121	67	23	request	request	VERB
cblr-5121	67	24	changes	change	NOUN
cblr-5121	67	25	.	.	PUNCT
cblr-5121	68	1	instead	instead	ADV
cblr-5121	68	2	,	,	PUNCT
cblr-5121	68	3	dudley	dudley	PROPN
cblr-5121	68	4	thanked	thank	VERB
cblr-5121	68	5	him	he	PRON
cblr-5121	68	6	and	and	CCONJ
cblr-5121	68	7	that	that	PRON
cblr-5121	68	8	was	be	AUX
cblr-5121	68	9	it	it	PRON
cblr-5121	68	10	.	.	PUNCT
cblr-5121	69	1	beim	beim	PROPN
cblr-5121	69	2	never	never	ADV
cblr-5121	69	3	heard	hear	VERB
cblr-5121	69	4	from	from	ADP
cblr-5121	69	5	him	he	PRON
cblr-5121	69	6	again	again	ADV
cblr-5121	69	7	about	about	ADP
cblr-5121	69	8	the	the	DET
cblr-5121	69	9	matter	matter	NOUN
cblr-5121	69	10	,	,	PUNCT
cblr-5121	69	11	he	he	PRON
cblr-5121	69	12	said	say	VERB
cblr-5121	69	13	.	.	PUNCT
cblr-5121	69	14	”	"	PUNCT
cblr-5121	70	1	see	see	VERB
cblr-5121	70	2	also	also	ADV
cblr-5121	70	3	peter	peter	PROPN
cblr-5121	70	4	conti	conti	PROPN
cblr-5121	70	5	-	-	ADJ
cblr-5121	70	6	brown	brown	ADJ
cblr-5121	70	7	,	,	PUNCT
cblr-5121	70	8	the	the	DET
cblr-5121	70	9	power	power	NOUN
cblr-5121	70	10	and	and	CCONJ
cblr-5121	70	11	independence	independence	NOUN
cblr-5121	70	12	of	of	ADP
cblr-5121	70	13	the	the	DET
cblr-5121	70	14	federal	federal	PROPN
cblr-5121	70	15	reserve	reserve	PROPN
cblr-5121	70	16	165–67	165–67	NUM
cblr-5121	70	17	(	(	PUNCT
cblr-5121	70	18	2016	2016	NUM
cblr-5121	70	19	)	)	PUNCT
cblr-5121	70	20	.	.	PUNCT
cblr-5121	71	1	14	14	NUM
cblr-5121	71	2	see	see	VERB
cblr-5121	71	3	infra	infra	NOUN
cblr-5121	71	4	sections	section	NOUN
cblr-5121	71	5	iii.c	iii.c	PROPN
cblr-5121	71	6	,	,	PUNCT
cblr-5121	71	7	iii.d	iii.d	PROPN
cblr-5121	71	8	.	.	NOUN
cblr-5121	71	9	15	15	NUM
cblr-5121	71	10	see	see	NOUN
cblr-5121	71	11	infra	infra	NOUN
cblr-5121	71	12	section	section	NOUN
cblr-5121	71	13	iii.c	iii.c	PROPN
cblr-5121	71	14	.	.	PUNCT
cblr-5121	72	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	72	2	(	(	PUNCT
cblr-5121	72	3	do	do	AUX
cblr-5121	72	4	not	not	PART
cblr-5121	72	5	delte	delte	VERB
cblr-5121	72	6	)	)	PUNCT
cblr-5121	72	7	1/3/2020	1/3/2020	NUM
cblr-5121	72	8	4:04	4:04	NUM
cblr-5121	72	9	pm	pm	NOUN
cblr-5121	72	10	1128	1128	NUM
cblr-5121	72	11	columbia	columbia	PROPN
cblr-5121	72	12	business	business	NOUN
cblr-5121	72	13	law	law	PROPN
cblr-5121	72	14	review	review	NOUN
cblr-5121	72	15	[	[	X
cblr-5121	72	16	vol	vol	NOUN
cblr-5121	72	17	.	.	PUNCT
cblr-5121	72	18	2019	2019	NUM
cblr-5121	72	19	fears	fear	NOUN
cblr-5121	72	20	that	that	SCONJ
cblr-5121	72	21	private	private	ADJ
cblr-5121	72	22	interests	interest	NOUN
cblr-5121	72	23	can	can	AUX
cblr-5121	72	24	exert	exert	VERB
cblr-5121	72	25	undue	undue	ADJ
cblr-5121	72	26	influence	influence	NOUN
cblr-5121	72	27	on	on	ADP
cblr-5121	72	28	the	the	DET
cblr-5121	72	29	reserve	reserve	NOUN
cblr-5121	72	30	banks	bank	NOUN
cblr-5121	72	31	,	,	PUNCT
cblr-5121	72	32	however	however	ADV
cblr-5121	72	33	,	,	PUNCT
cblr-5121	72	34	largely	largely	ADV
cblr-5121	72	35	focus	focus	VERB
cblr-5121	72	36	on	on	ADP
cblr-5121	72	37	the	the	DET
cblr-5121	72	38	potential	potential	NOUN
cblr-5121	72	39	for	for	ADP
cblr-5121	72	40	such	such	ADJ
cblr-5121	72	41	influence	influence	NOUN
cblr-5121	72	42	without	without	ADP
cblr-5121	72	43	accounting	account	VERB
cblr-5121	72	44	for	for	ADP
cblr-5121	72	45	the	the	DET
cblr-5121	72	46	practice	practice	NOUN
cblr-5121	72	47	of	of	ADP
cblr-5121	72	48	reserve	reserve	PROPN
cblr-5121	72	49	bank	bank	PROPN
cblr-5121	72	50	governance.16	governance.16	PROPN
cblr-5121	72	51	in	in	ADP
cblr-5121	72	52	response	response	NOUN
cblr-5121	72	53	to	to	ADP
cblr-5121	72	54	the	the	DET
cblr-5121	72	55	possible	possible	ADJ
cblr-5121	72	56	drawbacks	drawback	NOUN
cblr-5121	72	57	of	of	ADP
cblr-5121	72	58	involving	involve	VERB
cblr-5121	72	59	regulated	regulated	ADJ
cblr-5121	72	60	entities	entity	NOUN
cblr-5121	72	61	in	in	ADP
cblr-5121	72	62	selecting	select	VERB
cblr-5121	72	63	their	their	PRON
cblr-5121	72	64	regulator	regulator	NOUN
cblr-5121	72	65	,	,	PUNCT
cblr-5121	72	66	both	both	CCONJ
cblr-5121	72	67	congress	congress	PROPN
cblr-5121	72	68	and	and	CCONJ
cblr-5121	72	69	the	the	DET
cblr-5121	72	70	reserve	reserve	NOUN
cblr-5121	72	71	banks	bank	NOUN
cblr-5121	72	72	have	have	AUX
cblr-5121	72	73	taken	take	VERB
cblr-5121	72	74	steps	step	NOUN
cblr-5121	72	75	to	to	PART
cblr-5121	72	76	mitigate	mitigate	VERB
cblr-5121	72	77	perceived	perceive	VERB
cblr-5121	72	78	or	or	CCONJ
cblr-5121	72	79	actual	actual	ADJ
cblr-5121	72	80	financial	financial	ADJ
cblr-5121	72	81	industry	industry	NOUN
cblr-5121	72	82	influence	influence	NOUN
cblr-5121	72	83	within	within	ADP
cblr-5121	72	84	the	the	DET
cblr-5121	72	85	banks	bank	NOUN
cblr-5121	72	86	.	.	PUNCT
cblr-5121	73	1	furthermore	furthermore	ADV
cblr-5121	73	2	,	,	PUNCT
cblr-5121	73	3	despite	despite	SCONJ
cblr-5121	73	4	being	be	AUX
cblr-5121	73	5	appointed	appoint	VERB
cblr-5121	73	6	by	by	ADP
cblr-5121	73	7	a	a	DET
cblr-5121	73	8	process	process	NOUN
cblr-5121	73	9	criticized	criticize	VERB
cblr-5121	73	10	as	as	ADV
cblr-5121	73	11	beholden	beholden	ADJ
cblr-5121	73	12	to	to	ADP
cblr-5121	73	13	the	the	DET
cblr-5121	73	14	private	private	ADJ
cblr-5121	73	15	interests	interest	NOUN
cblr-5121	73	16	represented	represent	VERB
cblr-5121	73	17	on	on	ADP
cblr-5121	73	18	reserve	reserve	PROPN
cblr-5121	73	19	bank	bank	NOUN
cblr-5121	73	20	boards	board	NOUN
cblr-5121	73	21	,	,	PUNCT
cblr-5121	73	22	recent	recent	ADJ
cblr-5121	73	23	reserve	reserve	PROPN
cblr-5121	73	24	bank	bank	PROPN
cblr-5121	73	25	presidents	president	NOUN
cblr-5121	73	26	have	have	AUX
cblr-5121	73	27	almost	almost	ADV
cblr-5121	73	28	uniformly	uniformly	ADV
cblr-5121	73	29	been	be	AUX
cblr-5121	73	30	federal	federal	ADJ
cblr-5121	73	31	reserve	reserve	NOUN
cblr-5121	73	32	system	system	NOUN
cblr-5121	73	33	veterans	veteran	NOUN
cblr-5121	73	34	.	.	PUNCT
cblr-5121	74	1	although	although	SCONJ
cblr-5121	74	2	the	the	DET
cblr-5121	74	3	widespread	widespread	ADJ
cblr-5121	74	4	promotion	promotion	NOUN
cblr-5121	74	5	of	of	ADP
cblr-5121	74	6	federal	federal	PROPN
cblr-5121	74	7	reserve	reserve	PROPN
cblr-5121	74	8	insiders	insider	NOUN
cblr-5121	74	9	to	to	ADP
cblr-5121	74	10	presidential	presidential	ADJ
cblr-5121	74	11	posts	post	NOUN
cblr-5121	74	12	assuages	assuage	VERB
cblr-5121	74	13	concerns	concern	NOUN
cblr-5121	74	14	of	of	ADP
cblr-5121	74	15	the	the	DET
cblr-5121	74	16	deleterious	deleterious	ADJ
cblr-5121	74	17	effects	effect	NOUN
cblr-5121	74	18	of	of	ADP
cblr-5121	74	19	private	private	ADJ
cblr-5121	74	20	interests	interest	NOUN
cblr-5121	74	21	on	on	ADP
cblr-5121	74	22	federal	federal	PROPN
cblr-5121	74	23	reserve	reserve	PROPN
cblr-5121	74	24	governance	governance	NOUN
cblr-5121	74	25	,	,	PUNCT
cblr-5121	74	26	it	it	PRON
cblr-5121	74	27	raises	raise	VERB
cblr-5121	74	28	alternative	alternative	ADJ
cblr-5121	74	29	issues	issue	NOUN
cblr-5121	74	30	of	of	ADP
cblr-5121	74	31	institutional	institutional	ADJ
cblr-5121	74	32	insularity	insularity	NOUN
cblr-5121	74	33	.	.	PUNCT
cblr-5121	75	1	as	as	ADP
cblr-5121	75	2	a	a	DET
cblr-5121	75	3	result	result	NOUN
cblr-5121	75	4	,	,	PUNCT
cblr-5121	75	5	this	this	DET
cblr-5121	75	6	note	note	NOUN
cblr-5121	75	7	advocates	advocate	VERB
cblr-5121	75	8	for	for	ADP
cblr-5121	75	9	transparency	transparency	NOUN
cblr-5121	75	10	reforms	reform	NOUN
cblr-5121	75	11	in	in	ADP
cblr-5121	75	12	reserve	reserve	PROPN
cblr-5121	75	13	bank	bank	PROPN
cblr-5121	75	14	governance	governance	NOUN
cblr-5121	75	15	aimed	aim	VERB
cblr-5121	75	16	at	at	ADP
cblr-5121	75	17	increasing	increase	VERB
cblr-5121	75	18	public	public	ADJ
cblr-5121	75	19	accountability	accountability	NOUN
cblr-5121	75	20	and	and	CCONJ
cblr-5121	75	21	engagement	engagement	NOUN
cblr-5121	75	22	in	in	ADP
cblr-5121	75	23	practice	practice	NOUN
cblr-5121	75	24	,	,	PUNCT
cblr-5121	75	25	rather	rather	ADV
cblr-5121	75	26	than	than	ADP
cblr-5121	75	27	counteracting	counteract	VERB
cblr-5121	75	28	any	any	DET
cblr-5121	75	29	theoretical	theoretical	ADJ
cblr-5121	75	30	financial	financial	ADJ
cblr-5121	75	31	industry	industry	NOUN
cblr-5121	75	32	influence	influence	NOUN
cblr-5121	75	33	.	.	PUNCT
cblr-5121	76	1	the	the	DET
cblr-5121	76	2	remainder	remainder	NOUN
cblr-5121	76	3	of	of	ADP
cblr-5121	76	4	this	this	DET
cblr-5121	76	5	note	note	NOUN
cblr-5121	76	6	is	be	AUX
cblr-5121	76	7	structured	structure	VERB
cblr-5121	76	8	as	as	SCONJ
cblr-5121	76	9	follows	follow	VERB
cblr-5121	76	10	:	:	PUNCT
cblr-5121	76	11	part	part	PROPN
cblr-5121	76	12	ii	ii	PROPN
cblr-5121	76	13	outlines	outline	VERB
cblr-5121	76	14	the	the	DET
cblr-5121	76	15	institutional	institutional	ADJ
cblr-5121	76	16	history	history	NOUN
cblr-5121	76	17	and	and	CCONJ
cblr-5121	76	18	the	the	DET
cblr-5121	76	19	governing	govern	VERB
cblr-5121	76	20	statute	statute	NOUN
cblr-5121	76	21	of	of	ADP
cblr-5121	76	22	the	the	DET
cblr-5121	76	23	federal	federal	PROPN
cblr-5121	76	24	reserve	reserve	PROPN
cblr-5121	76	25	system	system	NOUN
cblr-5121	76	26	,	,	PUNCT
cblr-5121	76	27	as	as	ADV
cblr-5121	76	28	well	well	ADV
cblr-5121	76	29	as	as	ADP
cblr-5121	76	30	the	the	DET
cblr-5121	76	31	governance	governance	NOUN
cblr-5121	76	32	structure	structure	NOUN
cblr-5121	76	33	of	of	ADP
cblr-5121	76	34	the	the	DET
cblr-5121	76	35	reserve	reserve	NOUN
cblr-5121	76	36	banks	bank	NOUN
cblr-5121	76	37	.	.	PUNCT
cblr-5121	77	1	part	part	NOUN
cblr-5121	77	2	iii	iii	NOUN
cblr-5121	77	3	turns	turn	VERB
cblr-5121	77	4	to	to	ADP
cblr-5121	77	5	the	the	DET
cblr-5121	77	6	role	role	NOUN
cblr-5121	77	7	that	that	PRON
cblr-5121	77	8	the	the	DET
cblr-5121	77	9	reserve	reserve	NOUN
cblr-5121	77	10	banks	bank	NOUN
cblr-5121	77	11	play	play	VERB
cblr-5121	77	12	in	in	ADP
cblr-5121	77	13	financial	financial	ADJ
cblr-5121	77	14	supervision	supervision	NOUN
cblr-5121	77	15	within	within	ADP
cblr-5121	77	16	the	the	DET
cblr-5121	77	17	system	system	NOUN
cblr-5121	77	18	,	,	PUNCT
cblr-5121	77	19	outlining	outline	VERB
cblr-5121	77	20	both	both	CCONJ
cblr-5121	77	21	the	the	DET
cblr-5121	77	22	prevailing	prevail	VERB
cblr-5121	77	23	criticisms	criticism	NOUN
cblr-5121	77	24	of	of	ADP
cblr-5121	77	25	reserve	reserve	PROPN
cblr-5121	77	26	bank	bank	PROPN
cblr-5121	77	27	supervision	supervision	NOUN
cblr-5121	77	28	and	and	CCONJ
cblr-5121	77	29	potential	potential	ADJ
cblr-5121	77	30	responses	response	NOUN
cblr-5121	77	31	to	to	ADP
cblr-5121	77	32	those	those	DET
cblr-5121	77	33	critiques	critique	NOUN
cblr-5121	77	34	.	.	PUNCT
cblr-5121	78	1	part	part	NOUN
cblr-5121	78	2	iv	iv	NUM
cblr-5121	78	3	details	detail	NOUN
cblr-5121	78	4	the	the	DET
cblr-5121	78	5	constitutional	constitutional	ADJ
cblr-5121	78	6	concerns	concern	NOUN
cblr-5121	78	7	raised	raise	VERB
cblr-5121	78	8	by	by	ADP
cblr-5121	78	9	reserve	reserve	PROPN
cblr-5121	78	10	bank	bank	PROPN
cblr-5121	78	11	governance	governance	NOUN
cblr-5121	78	12	;	;	PUNCT
cblr-5121	78	13	part	part	NOUN
cblr-5121	78	14	v	v	ADP
cblr-5121	78	15	subsequently	subsequently	ADV
cblr-5121	78	16	examines	examine	VERB
cblr-5121	78	17	the	the	DET
cblr-5121	78	18	actual	actual	ADJ
cblr-5121	78	19	results	result	NOUN
cblr-5121	78	20	of	of	ADP
cblr-5121	78	21	the	the	DET
cblr-5121	78	22	appointment	appointment	NOUN
cblr-5121	78	23	process	process	NOUN
cblr-5121	78	24	for	for	ADP
cblr-5121	78	25	federal	federal	PROPN
cblr-5121	78	26	reserve	reserve	PROPN
cblr-5121	78	27	bank	bank	PROPN
cblr-5121	78	28	presidents	president	NOUN
cblr-5121	78	29	and	and	CCONJ
cblr-5121	78	30	suggests	suggest	VERB
cblr-5121	78	31	possible	possible	ADJ
cblr-5121	78	32	reforms	reform	NOUN
cblr-5121	78	33	to	to	PART
cblr-5121	78	34	promote	promote	VERB
cblr-5121	78	35	transparency	transparency	NOUN
cblr-5121	78	36	and	and	CCONJ
cblr-5121	78	37	accountability	accountability	NOUN
cblr-5121	78	38	.	.	PUNCT
cblr-5121	79	1	a	a	DET
cblr-5121	79	2	brief	brief	ADJ
cblr-5121	79	3	conclusion	conclusion	NOUN
cblr-5121	79	4	follows	follow	VERB
cblr-5121	79	5	.	.	PUNCT
cblr-5121	80	1	ii	ii	X
cblr-5121	80	2	.	.	PUNCT
cblr-5121	81	1	developing	develop	VERB
cblr-5121	81	2	a	a	DET
cblr-5121	81	3	public	public	ADJ
cblr-5121	81	4	-	-	PUNCT
cblr-5121	81	5	private	private	ADJ
cblr-5121	81	6	hybrid	hybrid	NOUN
cblr-5121	81	7	:	:	PUNCT
cblr-5121	81	8	the	the	DET
cblr-5121	81	9	history	history	NOUN
cblr-5121	81	10	of	of	ADP
cblr-5121	81	11	the	the	DET
cblr-5121	81	12	federal	federal	PROPN
cblr-5121	81	13	reserve	reserve	PROPN
cblr-5121	81	14	system	system	NOUN
cblr-5121	81	15	the	the	DET
cblr-5121	81	16	historical	historical	ADJ
cblr-5121	81	17	development	development	NOUN
cblr-5121	81	18	of	of	ADP
cblr-5121	81	19	the	the	DET
cblr-5121	81	20	federal	federal	PROPN
cblr-5121	81	21	reserve	reserve	NOUN
cblr-5121	81	22	system	system	NOUN
cblr-5121	81	23	over	over	ADP
cblr-5121	81	24	the	the	DET
cblr-5121	81	25	early	early	ADJ
cblr-5121	81	26	twentieth	twentieth	ADJ
cblr-5121	81	27	century	century	NOUN
cblr-5121	81	28	helps	help	VERB
cblr-5121	81	29	to	to	PART
cblr-5121	81	30	explain	explain	VERB
cblr-5121	81	31	the	the	DET
cblr-5121	81	32	unusual	unusual	ADJ
cblr-5121	81	33	16	16	NUM
cblr-5121	81	34	see	see	NOUN
cblr-5121	81	35	infra	infra	NOUN
cblr-5121	81	36	section	section	NOUN
cblr-5121	81	37	v.a	v.a	PROPN
cblr-5121	81	38	.	.	PROPN
cblr-5121	81	39	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	81	40	(	(	PUNCT
cblr-5121	81	41	do	do	AUX
cblr-5121	81	42	not	not	PART
cblr-5121	81	43	delete	delete	VERB
cblr-5121	81	44	)	)	PUNCT
cblr-5121	81	45	1/3/2020	1/3/2020	NUM
cblr-5121	81	46	4:04	4:04	NUM
cblr-5121	81	47	pm	pm	NOUN
cblr-5121	81	48	no	no	NOUN
cblr-5121	81	49	.	.	PUNCT
cblr-5121	82	1	3:1123	3:1123	NUM
cblr-5121	82	2	]	]	PUNCT
cblr-5121	82	3	insider	insider	NOUN
cblr-5121	82	4	interest	interest	NOUN
cblr-5121	82	5	,	,	PUNCT
cblr-5121	82	6	not	not	PART
cblr-5121	82	7	industry	industry	NOUN
cblr-5121	82	8	influence	influence	NOUN
cblr-5121	82	9	1129	1129	NUM
cblr-5121	82	10	governance	governance	NOUN
cblr-5121	82	11	structure	structure	NOUN
cblr-5121	82	12	of	of	ADP
cblr-5121	82	13	the	the	DET
cblr-5121	82	14	modern	modern	ADJ
cblr-5121	82	15	federal	federal	PROPN
cblr-5121	82	16	reserve	reserve	PROPN
cblr-5121	82	17	.	.	PUNCT
cblr-5121	83	1	the	the	DET
cblr-5121	83	2	current	current	ADJ
cblr-5121	83	3	federal	federal	PROPN
cblr-5121	83	4	reserve	reserve	NOUN
cblr-5121	83	5	system	system	NOUN
cblr-5121	83	6	consists	consist	VERB
cblr-5121	83	7	of	of	ADP
cblr-5121	83	8	the	the	DET
cblr-5121	83	9	board	board	NOUN
cblr-5121	83	10	of	of	ADP
cblr-5121	83	11	governors	governor	NOUN
cblr-5121	83	12	,	,	PUNCT
cblr-5121	83	13	comprised	comprise	VERB
cblr-5121	83	14	of	of	ADP
cblr-5121	83	15	seven	seven	NUM
cblr-5121	83	16	presidentially	presidentially	ADV
cblr-5121	83	17	appointed	appoint	VERB
cblr-5121	83	18	governors	governor	NOUN
cblr-5121	83	19	and	and	CCONJ
cblr-5121	83	20	located	locate	VERB
cblr-5121	83	21	in	in	ADP
cblr-5121	83	22	washington	washington	PROPN
cblr-5121	83	23	,	,	PUNCT
cblr-5121	83	24	and	and	CCONJ
cblr-5121	83	25	the	the	DET
cblr-5121	83	26	twelve	twelve	NUM
cblr-5121	83	27	regional	regional	ADJ
cblr-5121	83	28	federal	federal	ADJ
cblr-5121	83	29	reserve	reserve	NOUN
cblr-5121	83	30	banks	bank	NOUN
cblr-5121	83	31	,	,	PUNCT
cblr-5121	83	32	headed	head	VERB
cblr-5121	83	33	by	by	ADP
cblr-5121	83	34	presidents	president	NOUN
cblr-5121	83	35	and	and	CCONJ
cblr-5121	83	36	dispersed	disperse	VERB
cblr-5121	83	37	around	around	ADP
cblr-5121	83	38	the	the	DET
cblr-5121	83	39	country.17	country.17	NOUN
cblr-5121	83	40	throughout	throughout	ADP
cblr-5121	83	41	its	its	PRON
cblr-5121	83	42	development	development	NOUN
cblr-5121	83	43	,	,	PUNCT
cblr-5121	83	44	fears	fear	VERB
cblr-5121	83	45	that	that	SCONJ
cblr-5121	83	46	granting	grant	VERB
cblr-5121	83	47	both	both	CCONJ
cblr-5121	83	48	monetary	monetary	ADJ
cblr-5121	83	49	and	and	CCONJ
cblr-5121	83	50	fiscal	fiscal	ADJ
cblr-5121	83	51	policy	policy	NOUN
cblr-5121	83	52	authority	authority	NOUN
cblr-5121	83	53	to	to	ADP
cblr-5121	83	54	public	public	ADJ
cblr-5121	83	55	officials	official	NOUN
cblr-5121	83	56	would	would	AUX
cblr-5121	83	57	incentivize	incentivize	VERB
cblr-5121	83	58	financing	finance	VERB
cblr-5121	83	59	government	government	NOUN
cblr-5121	83	60	debt	debt	NOUN
cblr-5121	83	61	through	through	ADP
cblr-5121	83	62	inflation	inflation	NOUN
cblr-5121	83	63	spurred	spur	VERB
cblr-5121	83	64	this	this	DET
cblr-5121	83	65	two	two	NUM
cblr-5121	83	66	-	-	PUNCT
cblr-5121	83	67	tiered	tiere	VERB
cblr-5121	83	68	arrangement	arrangement	NOUN
cblr-5121	83	69	,	,	PUNCT
cblr-5121	83	70	with	with	ADP
cblr-5121	83	71	private	private	ADJ
cblr-5121	83	72	reserve	reserve	NOUN
cblr-5121	83	73	banks	bank	NOUN
cblr-5121	83	74	operating	operate	VERB
cblr-5121	83	75	as	as	ADP
cblr-5121	83	76	a	a	DET
cblr-5121	83	77	check	check	NOUN
cblr-5121	83	78	on	on	ADP
cblr-5121	83	79	these	these	DET
cblr-5121	83	80	incentives.18	incentives.18	NOUN
cblr-5121	83	81	although	although	SCONJ
cblr-5121	83	82	peter	peter	PROPN
cblr-5121	83	83	conti	conti	PROPN
cblr-5121	83	84	-	-	ADJ
cblr-5121	83	85	brown	brown	ADJ
cblr-5121	83	86	has	have	AUX
cblr-5121	83	87	offered	offer	VERB
cblr-5121	83	88	an	an	DET
cblr-5121	83	89	account	account	NOUN
cblr-5121	83	90	of	of	ADP
cblr-5121	83	91	three	three	NUM
cblr-5121	83	92	formative	formative	ADJ
cblr-5121	83	93	events	event	NOUN
cblr-5121	83	94	in	in	ADP
cblr-5121	83	95	the	the	DET
cblr-5121	83	96	founding	founding	NOUN
cblr-5121	83	97	of	of	ADP
cblr-5121	83	98	the	the	DET
cblr-5121	83	99	modern	modern	ADJ
cblr-5121	83	100	federal	federal	PROPN
cblr-5121	83	101	reserve	reserve	NOUN
cblr-5121	83	102	system	system	NOUN
cblr-5121	83	103	—	—	PUNCT
cblr-5121	83	104	the	the	DET
cblr-5121	83	105	federal	federal	PROPN
cblr-5121	83	106	reserve	reserve	PROPN
cblr-5121	83	107	act	act	PROPN
cblr-5121	83	108	of	of	ADP
cblr-5121	83	109	1913	1913	NUM
cblr-5121	83	110	,	,	PUNCT
cblr-5121	83	111	the	the	DET
cblr-5121	83	112	banking	banking	NOUN
cblr-5121	83	113	act	act	NOUN
cblr-5121	83	114	of	of	ADP
cblr-5121	83	115	1935	1935	NUM
cblr-5121	83	116	,	,	PUNCT
cblr-5121	83	117	and	and	CCONJ
cblr-5121	83	118	the	the	DET
cblr-5121	83	119	federal	federal	PROPN
cblr-5121	83	120	reserve	reserve	PROPN
cblr-5121	83	121	-	-	PUNCT
cblr-5121	83	122	treasury	treasury	NOUN
cblr-5121	83	123	accord	accord	NOUN
cblr-5121	83	124	of	of	ADP
cblr-5121	83	125	195119	195119	NUM
cblr-5121	83	126	—	—	PUNCT
cblr-5121	83	127	this	this	DET
cblr-5121	83	128	note	note	NOUN
cblr-5121	83	129	will	will	AUX
cblr-5121	83	130	limit	limit	VERB
cblr-5121	83	131	its	its	PRON
cblr-5121	83	132	historical	historical	ADJ
cblr-5121	83	133	17	17	NUM
cblr-5121	83	134	12	12	NUM
cblr-5121	83	135	u.s.c	u.s.c	NOUN
cblr-5121	83	136	.	.	PUNCT
cblr-5121	84	1	§	§	PROPN
cblr-5121	84	2	241	241	NUM
cblr-5121	84	3	(	(	PUNCT
cblr-5121	84	4	2012	2012	NUM
cblr-5121	84	5	)	)	PUNCT
cblr-5121	84	6	.	.	PUNCT
cblr-5121	85	1	the	the	DET
cblr-5121	85	2	twelve	twelve	NUM
cblr-5121	85	3	federal	federal	ADJ
cblr-5121	85	4	reserve	reserve	NOUN
cblr-5121	85	5	banks	bank	NOUN
cblr-5121	85	6	are	be	AUX
cblr-5121	85	7	headquartered	headquarter	VERB
cblr-5121	85	8	in	in	ADP
cblr-5121	85	9	boston	boston	PROPN
cblr-5121	85	10	,	,	PUNCT
cblr-5121	85	11	new	new	PROPN
cblr-5121	85	12	york	york	PROPN
cblr-5121	85	13	,	,	PUNCT
cblr-5121	85	14	philadelphia	philadelphia	PROPN
cblr-5121	85	15	,	,	PUNCT
cblr-5121	85	16	cleveland	cleveland	PROPN
cblr-5121	85	17	,	,	PUNCT
cblr-5121	85	18	richmond	richmond	PROPN
cblr-5121	85	19	,	,	PUNCT
cblr-5121	85	20	atlanta	atlanta	PROPN
cblr-5121	85	21	,	,	PUNCT
cblr-5121	85	22	chicago	chicago	PROPN
cblr-5121	85	23	,	,	PUNCT
cblr-5121	85	24	st	st	PROPN
cblr-5121	85	25	.	.	PROPN
cblr-5121	85	26	louis	louis	PROPN
cblr-5121	85	27	,	,	PUNCT
cblr-5121	85	28	minneapolis	minneapolis	PROPN
cblr-5121	85	29	,	,	PUNCT
cblr-5121	85	30	kansas	kansas	PROPN
cblr-5121	85	31	city	city	PROPN
cblr-5121	85	32	,	,	PUNCT
cblr-5121	85	33	dallas	dallas	PROPN
cblr-5121	85	34	,	,	PUNCT
cblr-5121	85	35	and	and	CCONJ
cblr-5121	85	36	san	san	PROPN
cblr-5121	85	37	francisco	francisco	PROPN
cblr-5121	85	38	.	.	PUNCT
cblr-5121	86	1	federal	federal	PROPN
cblr-5121	86	2	reserve	reserve	PROPN
cblr-5121	86	3	banks	banks	PROPN
cblr-5121	86	4	,	,	PUNCT
cblr-5121	86	5	board	board	NOUN
cblr-5121	86	6	governors	governor	NOUN
cblr-5121	86	7	fed	feed	VERB
cblr-5121	86	8	.	.	PUNCT
cblr-5121	87	1	res	re	NOUN
cblr-5121	87	2	.	.	PUNCT
cblr-5121	88	1	sys	sys	PROPN
cblr-5121	88	2	.	.	PUNCT
cblr-5121	89	1	(	(	PUNCT
cblr-5121	89	2	last	last	ADJ
cblr-5121	89	3	updated	update	VERB
cblr-5121	89	4	apr	apr	NOUN
cblr-5121	89	5	.	.	PROPN
cblr-5121	89	6	24	24	NUM
cblr-5121	89	7	,	,	PUNCT
cblr-5121	89	8	2017	2017	NUM
cblr-5121	89	9	)	)	PUNCT
cblr-5121	89	10	,	,	PUNCT
cblr-5121	89	11	https://www.federalreserve.gov/aboutthefed/federal-reserve-system.htm	https://www.federalreserve.gov/aboutthefed/federal-reserve-system.htm	PROPN
cblr-5121	90	1	[	[	X
cblr-5121	90	2	https://perma.cc/7mjf-7dc5	https://perma.cc/7mjf-7dc5	X
cblr-5121	90	3	]	]	PUNCT
cblr-5121	90	4	.	.	PUNCT
cblr-5121	91	1	no	no	DET
cblr-5121	91	2	more	more	ADJ
cblr-5121	91	3	than	than	ADP
cblr-5121	91	4	one	one	NUM
cblr-5121	91	5	member	member	NOUN
cblr-5121	91	6	of	of	ADP
cblr-5121	91	7	the	the	DET
cblr-5121	91	8	board	board	NOUN
cblr-5121	91	9	of	of	ADP
cblr-5121	91	10	governors	governor	NOUN
cblr-5121	91	11	can	can	AUX
cblr-5121	91	12	be	be	AUX
cblr-5121	91	13	appointed	appoint	VERB
cblr-5121	91	14	from	from	ADP
cblr-5121	91	15	any	any	DET
cblr-5121	91	16	one	one	NUM
cblr-5121	91	17	reserve	reserve	PROPN
cblr-5121	91	18	bank	bank	PROPN
cblr-5121	91	19	district	district	NOUN
cblr-5121	91	20	.	.	PUNCT
cblr-5121	92	1	12	12	NUM
cblr-5121	92	2	u.s.c	u.s.c	ADJ
cblr-5121	92	3	.	.	PUNCT
cblr-5121	93	1	§	§	PROPN
cblr-5121	93	2	241	241	NUM
cblr-5121	93	3	.	.	PROPN
cblr-5121	93	4	18	18	NUM
cblr-5121	93	5	esther	esther	PROPN
cblr-5121	93	6	l.	l.	PROPN
cblr-5121	93	7	george	george	PROPN
cblr-5121	93	8	,	,	PUNCT
cblr-5121	93	9	president	president	NOUN
cblr-5121	93	10	and	and	CCONJ
cblr-5121	93	11	chief	chief	ADJ
cblr-5121	93	12	exec	exec	NOUN
cblr-5121	93	13	.	.	PUNCT
cblr-5121	94	1	officer	officer	NOUN
cblr-5121	94	2	,	,	PUNCT
cblr-5121	94	3	fed	fed	PROPN
cblr-5121	94	4	.	.	PUNCT
cblr-5121	94	5	reserve	reserve	PROPN
cblr-5121	94	6	bank	bank	PROPN
cblr-5121	94	7	of	of	ADP
cblr-5121	94	8	kan	kan	PROPN
cblr-5121	94	9	.	.	PUNCT
cblr-5121	95	1	city	city	PROPN
cblr-5121	95	2	,	,	PUNCT
cblr-5121	95	3	structure	structure	NOUN
cblr-5121	95	4	,	,	PUNCT
cblr-5121	95	5	governance	governance	NOUN
cblr-5121	95	6	,	,	PUNCT
cblr-5121	95	7	representation	representation	NOUN
cblr-5121	95	8	:	:	PUNCT
cblr-5121	95	9	federal	federal	PROPN
cblr-5121	95	10	reserve	reserve	PROPN
cblr-5121	95	11	member	member	NOUN
cblr-5121	95	12	banks	bank	NOUN
cblr-5121	95	13	and	and	CCONJ
cblr-5121	95	14	federal	federal	PROPN
cblr-5121	95	15	reserve	reserve	PROPN
cblr-5121	95	16	bank	bank	PROPN
cblr-5121	95	17	stock	stock	PROPN
cblr-5121	95	18	4–5	4–5	PROPN
cblr-5121	95	19	(	(	PUNCT
cblr-5121	95	20	july	july	PROPN
cblr-5121	95	21	2016	2016	NUM
cblr-5121	95	22	)	)	PUNCT
cblr-5121	95	23	(	(	PUNCT
cblr-5121	95	24	transcript	transcript	NOUN
cblr-5121	95	25	available	available	ADJ
cblr-5121	95	26	at	at	ADP
cblr-5121	95	27	https://www.kansascityfed.org/~/media/files/publicat/	https://www.kansascityfed.org/~/media/files/publicat/	PROPN
cblr-5121	95	28	speeches/2016	speeches/2016	PROPN
cblr-5121	95	29	/	/	SYM
cblr-5121	95	30	structure	structure	NOUN
cblr-5121	95	31	-	-	PUNCT
cblr-5121	95	32	governance	governance	NOUN
cblr-5121	95	33	-	-	PUNCT
cblr-5121	95	34	representation.pdf	representation.pdf	NOUN
cblr-5121	95	35	[	[	X
cblr-5121	95	36	https://perma.cc/qy8n-hbdk	https://perma.cc/qy8n-hbdk	X
cblr-5121	95	37	]	]	X
cblr-5121	95	38	)	)	PUNCT
cblr-5121	95	39	.	.	PUNCT
cblr-5121	96	1	19	19	NUM
cblr-5121	96	2	see	see	VERB
cblr-5121	96	3	conti	conti	ADJ
cblr-5121	96	4	-	-	ADJ
cblr-5121	96	5	brown	brown	ADJ
cblr-5121	96	6	,	,	PUNCT
cblr-5121	96	7	supra	supra	PROPN
cblr-5121	96	8	note	note	NOUN
cblr-5121	96	9	13	13	NUM
cblr-5121	96	10	,	,	PUNCT
cblr-5121	96	11	at	at	ADP
cblr-5121	96	12	15–39	15–39	NUM
cblr-5121	96	13	.	.	PUNCT
cblr-5121	97	1	the	the	DET
cblr-5121	97	2	federal	federal	ADJ
cblr-5121	97	3	reservetreasury	reservetreasury	NOUN
cblr-5121	97	4	accord	accord	NOUN
cblr-5121	97	5	of	of	ADP
cblr-5121	97	6	1951	1951	NUM
cblr-5121	97	7	refers	refer	VERB
cblr-5121	97	8	to	to	ADP
cblr-5121	97	9	a	a	DET
cblr-5121	97	10	sentence	sentence	NOUN
cblr-5121	97	11	issued	issue	VERB
cblr-5121	97	12	on	on	ADP
cblr-5121	97	13	march	march	PROPN
cblr-5121	97	14	4	4	NUM
cblr-5121	97	15	,	,	PUNCT
cblr-5121	97	16	1951	1951	NUM
cblr-5121	97	17	,	,	PUNCT
cblr-5121	97	18	after	after	ADP
cblr-5121	97	19	tension	tension	NOUN
cblr-5121	97	20	between	between	ADP
cblr-5121	97	21	the	the	DET
cblr-5121	97	22	federal	federal	PROPN
cblr-5121	97	23	reserve	reserve	PROPN
cblr-5121	97	24	’s	’s	PART
cblr-5121	97	25	interest	interest	NOUN
cblr-5121	97	26	-	-	PUNCT
cblr-5121	97	27	rate	rate	NOUN
cblr-5121	97	28	policy	policy	NOUN
cblr-5121	97	29	and	and	CCONJ
cblr-5121	97	30	the	the	DET
cblr-5121	97	31	truman	truman	PROPN
cblr-5121	97	32	white	white	PROPN
cblr-5121	97	33	house	house	PROPN
cblr-5121	97	34	.	.	PUNCT
cblr-5121	98	1	the	the	DET
cblr-5121	98	2	statement	statement	NOUN
cblr-5121	98	3	announced	announce	VERB
cblr-5121	98	4	that	that	SCONJ
cblr-5121	98	5	the	the	DET
cblr-5121	98	6	treasury	treasury	PROPN
cblr-5121	98	7	department	department	PROPN
cblr-5121	98	8	and	and	CCONJ
cblr-5121	98	9	the	the	DET
cblr-5121	98	10	federal	federal	PROPN
cblr-5121	98	11	reserve	reserve	PROPN
cblr-5121	98	12	had	have	AUX
cblr-5121	98	13	“	"	PUNCT
cblr-5121	98	14	reached	reach	VERB
cblr-5121	98	15	full	full	ADJ
cblr-5121	98	16	accord	accord	NOUN
cblr-5121	98	17	with	with	ADP
cblr-5121	98	18	respect	respect	NOUN
cblr-5121	98	19	to	to	ADP
cblr-5121	98	20	debt	debt	NOUN
cblr-5121	98	21	management	management	NOUN
cblr-5121	98	22	and	and	CCONJ
cblr-5121	98	23	monetary	monetary	ADJ
cblr-5121	98	24	policies	policy	NOUN
cblr-5121	98	25	to	to	PART
cblr-5121	98	26	be	be	AUX
cblr-5121	98	27	pursued	pursue	VERB
cblr-5121	98	28	in	in	ADP
cblr-5121	98	29	furthering	further	VERB
cblr-5121	98	30	their	their	PRON
cblr-5121	98	31	common	common	ADJ
cblr-5121	98	32	purpose	purpose	NOUN
cblr-5121	98	33	to	to	PART
cblr-5121	98	34	assure	assure	VERB
cblr-5121	98	35	the	the	DET
cblr-5121	98	36	successful	successful	ADJ
cblr-5121	98	37	financing	financing	NOUN
cblr-5121	98	38	of	of	ADP
cblr-5121	98	39	the	the	DET
cblr-5121	98	40	government	government	NOUN
cblr-5121	98	41	’s	’s	PART
cblr-5121	98	42	requirements	requirement	NOUN
cblr-5121	98	43	and	and	CCONJ
cblr-5121	98	44	,	,	PUNCT
cblr-5121	98	45	at	at	ADP
cblr-5121	98	46	the	the	DET
cblr-5121	98	47	same	same	ADJ
cblr-5121	98	48	time	time	NOUN
cblr-5121	98	49	,	,	PUNCT
cblr-5121	98	50	to	to	PART
cblr-5121	98	51	minimize	minimize	VERB
cblr-5121	98	52	monetization	monetization	NOUN
cblr-5121	98	53	of	of	ADP
cblr-5121	98	54	the	the	DET
cblr-5121	98	55	public	public	ADJ
cblr-5121	98	56	debt	debt	NOUN
cblr-5121	98	57	,	,	PUNCT
cblr-5121	98	58	”	"	PUNCT
cblr-5121	98	59	thereby	thereby	ADV
cblr-5121	98	60	forming	form	VERB
cblr-5121	98	61	the	the	DET
cblr-5121	98	62	foundation	foundation	NOUN
cblr-5121	98	63	for	for	ADP
cblr-5121	98	64	“	"	PUNCT
cblr-5121	98	65	the	the	DET
cblr-5121	98	66	idea	idea	NOUN
cblr-5121	98	67	that	that	SCONJ
cblr-5121	98	68	the	the	DET
cblr-5121	98	69	fed	fed	PROPN
cblr-5121	98	70	’s	’s	PART
cblr-5121	98	71	monetary	monetary	ADJ
cblr-5121	98	72	policy	policy	NOUN
cblr-5121	98	73	is	be	AUX
cblr-5121	98	74	institutionally	institutionally	ADV
cblr-5121	98	75	separate	separate	ADJ
cblr-5121	98	76	from	from	ADP
cblr-5121	98	77	the	the	DET
cblr-5121	98	78	economic	economic	ADJ
cblr-5121	98	79	policies	policy	NOUN
cblr-5121	98	80	of	of	ADP
cblr-5121	98	81	the	the	DET
cblr-5121	98	82	president	president	NOUN
cblr-5121	98	83	.	.	PUNCT
cblr-5121	98	84	”	"	PUNCT
cblr-5121	99	1	i	i	PRON
cblr-5121	99	2	d.	d.	PROPN
cblr-5121	99	3	at	at	ADP
cblr-5121	99	4	35	35	NUM
cblr-5121	99	5	,	,	PUNCT
cblr-5121	99	6	37	37	NUM
cblr-5121	99	7	.	.	PUNCT
cblr-5121	100	1	see	see	VERB
cblr-5121	100	2	also	also	ADV
cblr-5121	100	3	jessie	jessie	PROPN
cblr-5121	100	4	romero	romero	PROPN
cblr-5121	100	5	,	,	PUNCT
cblr-5121	100	6	treasury	treasury	NOUN
cblr-5121	100	7	-	-	PUNCT
cblr-5121	100	8	fed	fed	PROPN
cblr-5121	100	9	accord	accord	NOUN
cblr-5121	100	10	,	,	PUNCT
cblr-5121	100	11	fed	fed	PROPN
cblr-5121	100	12	.	.	PUNCT
cblr-5121	101	1	res	res	PROPN
cblr-5121	101	2	.	.	PUNCT
cblr-5121	102	1	hist	hist	PROPN
cblr-5121	102	2	.	.	PUNCT
cblr-5121	103	1	(	(	PUNCT
cblr-5121	103	2	nov	nov	PROPN
cblr-5121	103	3	.	.	PROPN
cblr-5121	103	4	22	22	NUM
cblr-5121	103	5	,	,	PUNCT
cblr-5121	103	6	2013	2013	NUM
cblr-5121	103	7	)	)	PUNCT
cblr-5121	103	8	,	,	PUNCT
cblr-5121	103	9	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	103	10	(	(	PUNCT
cblr-5121	103	11	do	do	AUX
cblr-5121	103	12	not	not	PART
cblr-5121	103	13	delte	delte	VERB
cblr-5121	103	14	)	)	PUNCT
cblr-5121	103	15	1/3/2020	1/3/2020	NUM
cblr-5121	103	16	4:04	4:04	NUM
cblr-5121	103	17	pm	pm	NOUN
cblr-5121	103	18	1130	1130	NUM
cblr-5121	103	19	columbia	columbia	PROPN
cblr-5121	103	20	business	business	NOUN
cblr-5121	103	21	law	law	PROPN
cblr-5121	103	22	review	review	NOUN
cblr-5121	104	1	[	[	X
cblr-5121	104	2	vol	vol	NOUN
cblr-5121	104	3	.	.	NOUN
cblr-5121	104	4	2019	2019	NUM
cblr-5121	104	5	examination	examination	NOUN
cblr-5121	104	6	to	to	ADP
cblr-5121	104	7	the	the	DET
cblr-5121	104	8	two	two	NUM
cblr-5121	104	9	acts	act	NOUN
cblr-5121	104	10	,	,	PUNCT
cblr-5121	104	11	which	which	PRON
cblr-5121	104	12	bear	bear	VERB
cblr-5121	104	13	most	most	ADV
cblr-5121	104	14	on	on	ADP
cblr-5121	104	15	the	the	DET
cblr-5121	104	16	federal	federal	PROPN
cblr-5121	104	17	reserve	reserve	PROPN
cblr-5121	104	18	system	system	PROPN
cblr-5121	104	19	’s	’s	PART
cblr-5121	104	20	structure	structure	NOUN
cblr-5121	104	21	.	.	PUNCT
cblr-5121	105	1	a.	a.	PROPN
cblr-5121	106	1	the	the	DET
cblr-5121	106	2	federal	federal	PROPN
cblr-5121	106	3	reserve	reserve	PROPN
cblr-5121	106	4	act	act	PROPN
cblr-5121	106	5	of	of	ADP
cblr-5121	106	6	1913	1913	NUM
cblr-5121	106	7	drafted	draft	VERB
cblr-5121	106	8	in	in	ADP
cblr-5121	106	9	the	the	DET
cblr-5121	106	10	aftermath	aftermath	NOUN
cblr-5121	106	11	of	of	ADP
cblr-5121	106	12	a	a	DET
cblr-5121	106	13	financial	financial	ADJ
cblr-5121	106	14	crisis	crisis	NOUN
cblr-5121	106	15	in	in	ADP
cblr-5121	106	16	1907	1907	NUM
cblr-5121	106	17	,	,	PUNCT
cblr-5121	106	18	the	the	DET
cblr-5121	106	19	federal	federal	PROPN
cblr-5121	106	20	reserve	reserve	PROPN
cblr-5121	106	21	act	act	PROPN
cblr-5121	106	22	of	of	ADP
cblr-5121	106	23	1913	1913	NUM
cblr-5121	106	24	created	create	VERB
cblr-5121	106	25	the	the	DET
cblr-5121	106	26	institutional	institutional	ADJ
cblr-5121	106	27	forerunner	forerunner	NOUN
cblr-5121	106	28	of	of	ADP
cblr-5121	106	29	the	the	DET
cblr-5121	106	30	current	current	ADJ
cblr-5121	106	31	federal	federal	PROPN
cblr-5121	106	32	reserve	reserve	PROPN
cblr-5121	106	33	system.20	system.20	PROPN
cblr-5121	106	34	prior	prior	ADV
cblr-5121	106	35	to	to	ADP
cblr-5121	106	36	the	the	DET
cblr-5121	106	37	act	act	NOUN
cblr-5121	106	38	’s	’s	PART
cblr-5121	106	39	enactment	enactment	NOUN
cblr-5121	106	40	,	,	PUNCT
cblr-5121	106	41	the	the	DET
cblr-5121	106	42	national	national	PROPN
cblr-5121	106	43	monetary	monetary	PROPN
cblr-5121	106	44	commission	commission	PROPN
cblr-5121	106	45	,	,	PUNCT
cblr-5121	106	46	an	an	DET
cblr-5121	106	47	early	early	ADJ
cblr-5121	106	48	attempt	attempt	NOUN
cblr-5121	106	49	to	to	PART
cblr-5121	106	50	create	create	VERB
cblr-5121	106	51	a	a	DET
cblr-5121	106	52	new	new	ADJ
cblr-5121	106	53	system	system	NOUN
cblr-5121	106	54	of	of	ADP
cblr-5121	106	55	monetary	monetary	ADJ
cblr-5121	106	56	policy	policy	NOUN
cblr-5121	106	57	,	,	PUNCT
cblr-5121	106	58	spent	spend	VERB
cblr-5121	106	59	four	four	NUM
cblr-5121	106	60	years	year	NOUN
cblr-5121	106	61	investigating	investigate	VERB
cblr-5121	106	62	international	international	ADJ
cblr-5121	106	63	banking	banking	NOUN
cblr-5121	106	64	structures	structure	NOUN
cblr-5121	106	65	before	before	ADP
cblr-5121	106	66	proposing	propose	VERB
cblr-5121	106	67	the	the	DET
cblr-5121	106	68	national	national	PROPN
cblr-5121	106	69	reserve	reserve	PROPN
cblr-5121	106	70	system.21	system.21	PROPN
cblr-5121	106	71	the	the	DET
cblr-5121	106	72	proposed	propose	VERB
cblr-5121	106	73	national	national	PROPN
cblr-5121	106	74	reserve	reserve	PROPN
cblr-5121	106	75	system	system	NOUN
cblr-5121	106	76	would	would	AUX
cblr-5121	106	77	correct	correct	VERB
cblr-5121	106	78	some	some	PRON
cblr-5121	106	79	of	of	ADP
cblr-5121	106	80	the	the	DET
cblr-5121	106	81	“	"	PUNCT
cblr-5121	106	82	principle	principle	ADJ
cblr-5121	106	83	defects	defect	NOUN
cblr-5121	106	84	in	in	ADP
cblr-5121	106	85	[	[	X
cblr-5121	106	86	the	the	DET
cblr-5121	106	87	]	]	PUNCT
cblr-5121	106	88	banking	banking	NOUN
cblr-5121	106	89	system	system	NOUN
cblr-5121	106	90	,	,	PUNCT
cblr-5121	106	91	”	"	PUNCT
cblr-5121	106	92	including	include	VERB
cblr-5121	106	93	the	the	DET
cblr-5121	106	94	lack	lack	NOUN
cblr-5121	106	95	of	of	ADP
cblr-5121	106	96	“	"	PUNCT
cblr-5121	106	97	power	power	NOUN
cblr-5121	106	98	to	to	PART
cblr-5121	106	99	enforce	enforce	VERB
cblr-5121	106	100	the	the	DET
cblr-5121	106	101	adoption	adoption	NOUN
cblr-5121	106	102	of	of	ADP
cblr-5121	106	103	uniform	uniform	ADJ
cblr-5121	106	104	standards	standard	NOUN
cblr-5121	106	105	with	with	ADP
cblr-5121	106	106	regard	regard	NOUN
cblr-5121	106	107	to	to	ADP
cblr-5121	106	108	capital	capital	NOUN
cblr-5121	106	109	,	,	PUNCT
cblr-5121	106	110	reserves	reserve	NOUN
cblr-5121	106	111	,	,	PUNCT
cblr-5121	106	112	examinations	examination	NOUN
cblr-5121	106	113	,	,	PUNCT
cblr-5121	106	114	and	and	CCONJ
cblr-5121	106	115	the	the	DET
cblr-5121	106	116	character	character	NOUN
cblr-5121	106	117	and	and	CCONJ
cblr-5121	106	118	publicity	publicity	NOUN
cblr-5121	106	119	of	of	ADP
cblr-5121	106	120	reports	report	NOUN
cblr-5121	106	121	of	of	ADP
cblr-5121	106	122	all	all	DET
cblr-5121	106	123	banks	bank	NOUN
cblr-5121	106	124	in	in	ADP
cblr-5121	106	125	the	the	DET
cblr-5121	106	126	different	different	ADJ
cblr-5121	106	127	sections	section	NOUN
cblr-5121	106	128	of	of	ADP
cblr-5121	106	129	the	the	DET
cblr-5121	106	130	country	country	NOUN
cblr-5121	106	131	.	.	PUNCT
cblr-5121	107	1	”22	”22	PROPN
cblr-5121	107	2	while	while	SCONJ
cblr-5121	107	3	four	four	NUM
cblr-5121	107	4	public	public	ADJ
cblr-5121	107	5	officials	official	NOUN
cblr-5121	107	6	would	would	AUX
cblr-5121	107	7	serve	serve	VERB
cblr-5121	107	8	as	as	ADP
cblr-5121	107	9	ex	ex	X
cblr-5121	107	10	officio	officio	PROPN
cblr-5121	107	11	members	member	NOUN
cblr-5121	107	12	,	,	PUNCT
cblr-5121	107	13	the	the	DET
cblr-5121	107	14	system	system	NOUN
cblr-5121	107	15	would	would	AUX
cblr-5121	107	16	primarily	primarily	ADV
cblr-5121	107	17	consist	consist	VERB
cblr-5121	107	18	of	of	ADP
cblr-5121	107	19	forty	forty	NUM
cblr-5121	107	20	-	-	PUNCT
cblr-5121	107	21	six	six	NUM
cblr-5121	107	22	private	private	ADJ
cblr-5121	107	23	directors	director	NOUN
cblr-5121	107	24	appointed	appoint	VERB
cblr-5121	107	25	largely	largely	ADV
cblr-5121	107	26	by	by	ADP
cblr-5121	107	27	the	the	DET
cblr-5121	107	28	industry	industry	NOUN
cblr-5121	107	29	-	-	PUNCT
cblr-5121	107	30	dominated	dominate	VERB
cblr-5121	107	31	boards	board	NOUN
cblr-5121	107	32	of	of	ADP
cblr-5121	107	33	directors	director	NOUN
cblr-5121	107	34	of	of	ADP
cblr-5121	107	35	district	district	NOUN
cblr-5121	107	36	branches.23	branches.23	NOUN
cblr-5121	107	37	although	although	SCONJ
cblr-5121	107	38	the	the	DET
cblr-5121	107	39	national	national	PROPN
cblr-5121	107	40	reserve	reserve	PROPN
cblr-5121	107	41	system	system	NOUN
cblr-5121	107	42	proposal	proposal	NOUN
cblr-5121	107	43	was	be	AUX
cblr-5121	107	44	ultimately	ultimately	ADV
cblr-5121	107	45	abandoned,24	abandoned,24	VERB
cblr-5121	107	46	the	the	DET
cblr-5121	107	47	commission	commission	NOUN
cblr-5121	107	48	introduced	introduce	VERB
cblr-5121	107	49	many	many	ADJ
cblr-5121	107	50	ideas	idea	NOUN
cblr-5121	107	51	that	that	PRON
cblr-5121	107	52	would	would	AUX
cblr-5121	107	53	later	later	ADV
cblr-5121	107	54	be	be	AUX
cblr-5121	107	55	repurposed	repurpose	VERB
cblr-5121	107	56	into	into	ADP
cblr-5121	107	57	the	the	DET
cblr-5121	107	58	federal	federal	PROPN
cblr-5121	107	59	reserve	reserve	NOUN
cblr-5121	107	60	system	system	NOUN
cblr-5121	107	61	and	and	CCONJ
cblr-5121	107	62	first	first	ADV
cblr-5121	107	63	articulated	articulate	VERB
cblr-5121	107	64	the	the	DET
cblr-5121	107	65	concerns	concern	NOUN
cblr-5121	107	66	motivating	motivate	VERB
cblr-5121	107	67	the	the	DET
cblr-5121	107	68	inclusion	inclusion	NOUN
cblr-5121	107	69	of	of	ADP
cblr-5121	107	70	private	private	ADJ
cblr-5121	107	71	interests	interest	NOUN
cblr-5121	107	72	into	into	ADP
cblr-5121	107	73	the	the	DET
cblr-5121	107	74	federal	federal	PROPN
cblr-5121	107	75	reserve	reserve	PROPN
cblr-5121	107	76	’s	’s	PART
cblr-5121	107	77	governance	governance	NOUN
cblr-5121	107	78	structure.25	structure.25	NOUN
cblr-5121	107	79	hesitant	hesitant	ADJ
cblr-5121	107	80	to	to	PART
cblr-5121	107	81	grant	grant	VERB
cblr-5121	107	82	too	too	ADV
cblr-5121	107	83	much	much	ADJ
cblr-5121	107	84	power	power	NOUN
cblr-5121	107	85	https://www.federalreservehistory.org/essays/treasury_fed_accord	https://www.federalreservehistory.org/essays/treasury_fed_accord	NOUN
cblr-5121	108	1	[	[	X
cblr-5121	108	2	https://perma.cc/abd8-wz6l	https://perma.cc/abd8-wz6l	NOUN
cblr-5121	108	3	]	]	PUNCT
cblr-5121	108	4	.	.	PUNCT
cblr-5121	109	1	20	20	NUM
cblr-5121	109	2	see	see	VERB
cblr-5121	109	3	conti	conti	ADJ
cblr-5121	109	4	-	-	ADJ
cblr-5121	109	5	brown	brown	ADJ
cblr-5121	109	6	,	,	PUNCT
cblr-5121	109	7	supra	supra	PROPN
cblr-5121	109	8	note	note	NOUN
cblr-5121	109	9	13	13	NUM
cblr-5121	109	10	,	,	PUNCT
cblr-5121	109	11	at	at	ADP
cblr-5121	109	12	15–39	15–39	NUM
cblr-5121	109	13	.	.	PUNCT
cblr-5121	110	1	21	21	NUM
cblr-5121	110	2	see	see	VERB
cblr-5121	110	3	uncurrent	uncurrent	ADJ
cblr-5121	110	4	events	event	NOUN
cblr-5121	110	5	:	:	PUNCT
cblr-5121	110	6	the	the	DET
cblr-5121	110	7	national	national	PROPN
cblr-5121	110	8	monetary	monetary	PROPN
cblr-5121	110	9	commission	commission	PROPN
cblr-5121	110	10	,	,	PUNCT
cblr-5121	110	11	19091912	19091912	NUM
cblr-5121	110	12	,	,	PUNCT
cblr-5121	110	13	fed	fed	PROPN
cblr-5121	110	14	.	.	PUNCT
cblr-5121	111	1	res	res	PROPN
cblr-5121	111	2	.	.	PROPN
cblr-5121	112	1	bank	bank	PROPN
cblr-5121	112	2	st	st	PROPN
cblr-5121	112	3	.	.	PROPN
cblr-5121	112	4	louis	louis	PROPN
cblr-5121	112	5	(	(	PUNCT
cblr-5121	112	6	may	may	PROPN
cblr-5121	112	7	2	2	NUM
cblr-5121	112	8	,	,	PUNCT
cblr-5121	112	9	2018	2018	NUM
cblr-5121	112	10	)	)	PUNCT
cblr-5121	112	11	,	,	PUNCT
cblr-5121	112	12	https://insidefraser.stlouisfed.org/2018/05/national-monetary-commission1909-1912/	https://insidefraser.stlouisfed.org/2018/05/national-monetary-commission1909-1912/	NUM
cblr-5121	113	1	[	[	X
cblr-5121	113	2	https://perma.cc/x8yv-s9s6	https://perma.cc/x8yv-s9s6	X
cblr-5121	113	3	]	]	X
cblr-5121	113	4	.	.	PUNCT
cblr-5121	114	1	22	22	NUM
cblr-5121	114	2	nat’l	nat’l	NOUN
cblr-5121	114	3	monetary	monetary	ADJ
cblr-5121	114	4	comm’n	comm’n	NOUN
cblr-5121	114	5	,	,	PUNCT
cblr-5121	114	6	report	report	NOUN
cblr-5121	114	7	of	of	ADP
cblr-5121	114	8	the	the	DET
cblr-5121	114	9	national	national	PROPN
cblr-5121	114	10	monetary	monetary	ADJ
cblr-5121	114	11	commission	commission	PROPN
cblr-5121	114	12	6	6	NUM
cblr-5121	114	13	,	,	PUNCT
cblr-5121	114	14	9	9	NUM
cblr-5121	114	15	(	(	PUNCT
cblr-5121	114	16	1912	1912	NUM
cblr-5121	114	17	)	)	PUNCT
cblr-5121	114	18	.	.	PUNCT
cblr-5121	115	1	23	23	NUM
cblr-5121	116	1	i	i	PRON
cblr-5121	116	2	d.	d.	PROPN
cblr-5121	116	3	at	at	ADP
cblr-5121	116	4	12–13	12–13	NUM
cblr-5121	116	5	.	.	PUNCT
cblr-5121	116	6	24	24	NUM
cblr-5121	116	7	see	see	VERB
cblr-5121	116	8	uncurrent	uncurrent	ADJ
cblr-5121	116	9	events	event	NOUN
cblr-5121	116	10	,	,	PUNCT
cblr-5121	116	11	supra	supra	PROPN
cblr-5121	116	12	note	note	NOUN
cblr-5121	116	13	21	21	NUM
cblr-5121	116	14	.	.	PUNCT
cblr-5121	116	15	25	25	NUM
cblr-5121	116	16	among	among	ADP
cblr-5121	116	17	other	other	ADJ
cblr-5121	116	18	proposals	proposal	NOUN
cblr-5121	116	19	that	that	PRON
cblr-5121	116	20	foreshadowed	foreshadow	VERB
cblr-5121	116	21	the	the	DET
cblr-5121	116	22	coming	come	VERB
cblr-5121	116	23	federal	federal	PROPN
cblr-5121	116	24	reserve	reserve	NOUN
cblr-5121	116	25	system	system	NOUN
cblr-5121	116	26	,	,	PUNCT
cblr-5121	116	27	the	the	DET
cblr-5121	116	28	commission	commission	NOUN
cblr-5121	116	29	recommended	recommend	VERB
cblr-5121	116	30	a	a	DET
cblr-5121	116	31	fifteen	fifteen	NUM
cblr-5121	116	32	-	-	PUNCT
cblr-5121	116	33	district	district	NOUN
cblr-5121	116	34	structure	structure	NOUN
cblr-5121	116	35	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	116	36	(	(	PUNCT
cblr-5121	116	37	do	do	AUX
cblr-5121	116	38	not	not	PART
cblr-5121	116	39	delete	delete	VERB
cblr-5121	116	40	)	)	PUNCT
cblr-5121	116	41	1/3/2020	1/3/2020	NUM
cblr-5121	116	42	4:04	4:04	NUM
cblr-5121	116	43	pm	pm	NOUN
cblr-5121	116	44	no	no	NOUN
cblr-5121	116	45	.	.	PUNCT
cblr-5121	117	1	3:1123	3:1123	NUM
cblr-5121	117	2	]	]	PUNCT
cblr-5121	117	3	insider	insider	NOUN
cblr-5121	117	4	interest	interest	NOUN
cblr-5121	117	5	,	,	PUNCT
cblr-5121	117	6	not	not	PART
cblr-5121	117	7	industry	industry	NOUN
cblr-5121	117	8	influence	influence	NOUN
cblr-5121	117	9	1131	1131	NUM
cblr-5121	117	10	over	over	ADP
cblr-5121	117	11	the	the	DET
cblr-5121	117	12	administration	administration	NOUN
cblr-5121	117	13	of	of	ADP
cblr-5121	117	14	monetary	monetary	ADJ
cblr-5121	117	15	policy	policy	NOUN
cblr-5121	117	16	to	to	ADP
cblr-5121	117	17	the	the	DET
cblr-5121	117	18	government	government	NOUN
cblr-5121	117	19	,	,	PUNCT
cblr-5121	117	20	the	the	DET
cblr-5121	117	21	commission	commission	NOUN
cblr-5121	117	22	argued	argue	VERB
cblr-5121	117	23	that	that	SCONJ
cblr-5121	117	24	,	,	PUNCT
cblr-5121	117	25	“	"	PUNCT
cblr-5121	117	26	[	[	X
cblr-5121	117	27	w]hile	w]hile	ADP
cblr-5121	117	28	it	it	PRON
cblr-5121	117	29	may	may	AUX
cblr-5121	117	30	be	be	AUX
cblr-5121	117	31	contended	contend	VERB
cblr-5121	117	32	that	that	SCONJ
cblr-5121	117	33	the	the	DET
cblr-5121	117	34	issue	issue	NOUN
cblr-5121	117	35	of	of	ADP
cblr-5121	117	36	money	money	NOUN
cblr-5121	117	37	of	of	ADP
cblr-5121	117	38	any	any	DET
cblr-5121	117	39	kind	kind	NOUN
cblr-5121	117	40	is	be	AUX
cblr-5121	117	41	a	a	DET
cblr-5121	117	42	distinctive	distinctive	ADJ
cblr-5121	117	43	function	function	NOUN
cblr-5121	117	44	of	of	ADP
cblr-5121	117	45	sovereign	sovereign	ADJ
cblr-5121	117	46	power	power	NOUN
cblr-5121	117	47	,	,	PUNCT
cblr-5121	117	48	the	the	DET
cblr-5121	117	49	exercise	exercise	NOUN
cblr-5121	117	50	of	of	ADP
cblr-5121	117	51	this	this	DET
cblr-5121	117	52	authority	authority	NOUN
cblr-5121	117	53	by	by	ADP
cblr-5121	117	54	governments	government	NOUN
cblr-5121	117	55	has	have	AUX
cblr-5121	117	56	,	,	PUNCT
cblr-5121	117	57	as	as	SCONJ
cblr-5121	117	58	shown	show	VERB
cblr-5121	117	59	by	by	ADP
cblr-5121	117	60	the	the	DET
cblr-5121	117	61	experience	experience	NOUN
cblr-5121	117	62	of	of	ADP
cblr-5121	117	63	the	the	DET
cblr-5121	117	64	world	world	NOUN
cblr-5121	117	65	,	,	PUNCT
cblr-5121	117	66	inevitably	inevitably	ADV
cblr-5121	117	67	led	lead	VERB
cblr-5121	117	68	to	to	ADP
cblr-5121	117	69	disastrous	disastrous	ADJ
cblr-5121	117	70	results	result	NOUN
cblr-5121	117	71	.	.	PUNCT
cblr-5121	118	1	”26	”26	VERB
cblr-5121	118	2	on	on	ADP
cblr-5121	118	3	the	the	DET
cblr-5121	118	4	other	other	ADJ
cblr-5121	118	5	hand	hand	NOUN
cblr-5121	118	6	,	,	PUNCT
cblr-5121	118	7	an	an	DET
cblr-5121	118	8	exclusively	exclusively	ADV
cblr-5121	118	9	private	private	ADJ
cblr-5121	118	10	institution	institution	NOUN
cblr-5121	118	11	would	would	AUX
cblr-5121	118	12	deny	deny	VERB
cblr-5121	118	13	“	"	PUNCT
cblr-5121	118	14	the	the	DET
cblr-5121	118	15	vital	vital	ADJ
cblr-5121	118	16	interest	interest	NOUN
cblr-5121	118	17	in	in	ADP
cblr-5121	118	18	which	which	PRON
cblr-5121	118	19	the	the	DET
cblr-5121	118	20	public	public	NOUN
cblr-5121	118	21	has	have	VERB
cblr-5121	118	22	in	in	ADP
cblr-5121	118	23	the	the	DET
cblr-5121	118	24	management	management	NOUN
cblr-5121	118	25	of	of	ADP
cblr-5121	118	26	the	the	DET
cblr-5121	118	27	association	association	NOUN
cblr-5121	118	28	.	.	PUNCT
cblr-5121	119	1	”27	”27	ADV
cblr-5121	119	2	to	to	PART
cblr-5121	119	3	balance	balance	VERB
cblr-5121	119	4	these	these	DET
cblr-5121	119	5	competing	compete	VERB
cblr-5121	119	6	concerns	concern	NOUN
cblr-5121	119	7	,	,	PUNCT
cblr-5121	119	8	the	the	DET
cblr-5121	119	9	commission	commission	NOUN
cblr-5121	119	10	assumed	assume	VERB
cblr-5121	119	11	that	that	SCONJ
cblr-5121	119	12	democratic	democratic	ADJ
cblr-5121	119	13	engagement	engagement	NOUN
cblr-5121	119	14	could	could	AUX
cblr-5121	119	15	sufficiently	sufficiently	ADV
cblr-5121	119	16	ensure	ensure	VERB
cblr-5121	119	17	public	public	ADJ
cblr-5121	119	18	accountability	accountability	NOUN
cblr-5121	119	19	for	for	ADP
cblr-5121	119	20	the	the	DET
cblr-5121	119	21	predominantly	predominantly	ADV
cblr-5121	119	22	private	private	ADJ
cblr-5121	119	23	entity	entity	NOUN
cblr-5121	119	24	,	,	PUNCT
cblr-5121	119	25	as	as	SCONJ
cblr-5121	119	26	the	the	DET
cblr-5121	119	27	“	"	PUNCT
cblr-5121	119	28	acts	act	NOUN
cblr-5121	119	29	of	of	ADP
cblr-5121	119	30	the	the	DET
cblr-5121	119	31	directors	director	NOUN
cblr-5121	119	32	of	of	ADP
cblr-5121	119	33	the	the	DET
cblr-5121	119	34	branches	branch	NOUN
cblr-5121	119	35	and	and	CCONJ
cblr-5121	119	36	of	of	ADP
cblr-5121	119	37	the	the	DET
cblr-5121	119	38	reserve	reserve	PROPN
cblr-5121	119	39	association	association	PROPN
cblr-5121	119	40	[	[	X
cblr-5121	119	41	would	would	AUX
cblr-5121	119	42	]	]	PART
cblr-5121	119	43	be	be	AUX
cblr-5121	119	44	open	open	ADJ
cblr-5121	119	45	to	to	ADP
cblr-5121	119	46	public	public	ADJ
cblr-5121	119	47	inspection	inspection	NOUN
cblr-5121	119	48	and	and	CCONJ
cblr-5121	119	49	.	.	PUNCT
cblr-5121	119	50	.	.	PUNCT
cblr-5121	119	51	.	.	PUNCT
cblr-5121	120	1	subject	subject	ADJ
cblr-5121	120	2	to	to	ADP
cblr-5121	120	3	the	the	DET
cblr-5121	120	4	closest	close	ADJ
cblr-5121	120	5	scrutiny	scrutiny	NOUN
cblr-5121	120	6	by	by	ADP
cblr-5121	120	7	the	the	DET
cblr-5121	120	8	shareholders	shareholder	NOUN
cblr-5121	120	9	of	of	ADP
cblr-5121	120	10	the	the	DET
cblr-5121	120	11	association	association	NOUN
cblr-5121	120	12	and	and	CCONJ
cblr-5121	120	13	the	the	DET
cblr-5121	120	14	public	public	NOUN
cblr-5121	120	15	.	.	PUNCT
cblr-5121	121	1	”28	”28	VERB
cblr-5121	121	2	the	the	DET
cblr-5121	121	3	federal	federal	PROPN
cblr-5121	121	4	reserve	reserve	PROPN
cblr-5121	121	5	act	act	PROPN
cblr-5121	121	6	of	of	ADP
cblr-5121	121	7	1913	1913	NUM
cblr-5121	121	8	created	create	VERB
cblr-5121	121	9	a	a	DET
cblr-5121	121	10	system	system	NOUN
cblr-5121	121	11	that	that	PRON
cblr-5121	121	12	,	,	PUNCT
cblr-5121	121	13	much	much	ADV
cblr-5121	121	14	like	like	ADP
cblr-5121	121	15	the	the	DET
cblr-5121	121	16	forerunner	forerunner	PROPN
cblr-5121	121	17	national	national	PROPN
cblr-5121	121	18	reserve	reserve	PROPN
cblr-5121	121	19	association	association	PROPN
cblr-5121	121	20	,	,	PUNCT
cblr-5121	121	21	coupled	couple	VERB
cblr-5121	121	22	public	public	ADJ
cblr-5121	121	23	and	and	CCONJ
cblr-5121	121	24	private	private	ADJ
cblr-5121	121	25	components	component	NOUN
cblr-5121	121	26	.	.	PUNCT
cblr-5121	122	1	characterized	characterize	VERB
cblr-5121	122	2	as	as	ADP
cblr-5121	122	3	the	the	DET
cblr-5121	122	4	“	"	PUNCT
cblr-5121	122	5	wilsonian	wilsonian	ADJ
cblr-5121	122	6	compromise	compromise	NOUN
cblr-5121	122	7	of	of	ADP
cblr-5121	122	8	1913,”29	1913,”29	NUM
cblr-5121	122	9	the	the	DET
cblr-5121	122	10	1913	1913	NUM
cblr-5121	122	11	act	act	NOUN
cblr-5121	122	12	balanced	balance	VERB
cblr-5121	122	13	the	the	DET
cblr-5121	122	14	washington	washington	PROPN
cblr-5121	122	15	-	-	PUNCT
cblr-5121	122	16	based	base	VERB
cblr-5121	122	17	federal	federal	PROPN
cblr-5121	122	18	reserve	reserve	PROPN
cblr-5121	122	19	board	board	PROPN
cblr-5121	122	20	,	,	PUNCT
cblr-5121	122	21	comprised	comprise	VERB
cblr-5121	122	22	of	of	ADP
cblr-5121	122	23	the	the	DET
cblr-5121	122	24	treasury	treasury	NOUN
cblr-5121	122	25	secretary	secretary	NOUN
cblr-5121	122	26	,	,	PUNCT
cblr-5121	122	27	comptroller	comptroller	NOUN
cblr-5121	122	28	of	of	ADP
cblr-5121	122	29	the	the	DET
cblr-5121	122	30	currency	currency	NOUN
cblr-5121	122	31	,	,	PUNCT
cblr-5121	122	32	and	and	CCONJ
cblr-5121	122	33	five	five	NUM
cblr-5121	122	34	presidential	presidential	ADJ
cblr-5121	122	35	appointees	appointee	NOUN
cblr-5121	122	36	,	,	PUNCT
cblr-5121	122	37	with	with	SCONJ
cblr-5121	122	38	the	the	DET
cblr-5121	122	39	geographically	geographically	ADV
cblr-5121	122	40	dispersed	disperse	VERB
cblr-5121	122	41	private	private	ADJ
cblr-5121	122	42	reserve	reserve	NOUN
cblr-5121	122	43	banks.30	banks.30	VERB
cblr-5121	122	44	the	the	DET
cblr-5121	122	45	end	end	NOUN
cblr-5121	122	46	result	result	NOUN
cblr-5121	122	47	was	be	AUX
cblr-5121	122	48	a	a	DET
cblr-5121	122	49	system	system	NOUN
cblr-5121	122	50	in	in	ADP
cblr-5121	122	51	which	which	PRON
cblr-5121	122	52	the	the	DET
cblr-5121	122	53	reserve	reserve	NOUN
cblr-5121	122	54	banks	bank	NOUN
cblr-5121	122	55	would	would	AUX
cblr-5121	122	56	“	"	PUNCT
cblr-5121	122	57	function	function	VERB
cblr-5121	122	58	cooperatively	cooperatively	ADV
cblr-5121	122	59	but	but	CCONJ
cblr-5121	122	60	independently	independently	ADV
cblr-5121	122	61	.	.	PUNCT
cblr-5121	122	62	.	.	PUNCT
cblr-5121	123	1	.	.	PUNCT
cblr-5121	124	1	to	to	PART
cblr-5121	124	2	achieve	achieve	VERB
cblr-5121	124	3	the	the	DET
cblr-5121	124	4	advantages	advantage	NOUN
cblr-5121	124	5	of	of	ADP
cblr-5121	124	6	central	central	ADJ
cblr-5121	124	7	banking	banking	NOUN
cblr-5121	124	8	without	without	ADP
cblr-5121	124	9	acquiring	acquire	VERB
cblr-5121	124	10	the	the	DET
cblr-5121	124	11	monopoly	monopoly	NOUN
cblr-5121	124	12	powers	power	NOUN
cblr-5121	124	13	of	of	ADP
cblr-5121	124	14	a	a	DET
cblr-5121	124	15	single	single	NOUN
cblr-5121	124	16	with	with	ADP
cblr-5121	124	17	branches	branch	NOUN
cblr-5121	124	18	of	of	ADP
cblr-5121	124	19	the	the	DET
cblr-5121	124	20	association	association	NOUN
cblr-5121	124	21	in	in	ADP
cblr-5121	124	22	every	every	DET
cblr-5121	124	23	district	district	NOUN
cblr-5121	124	24	,	,	PUNCT
cblr-5121	124	25	each	each	PRON
cblr-5121	124	26	governed	govern	VERB
cblr-5121	124	27	by	by	ADP
cblr-5121	124	28	a	a	DET
cblr-5121	124	29	board	board	NOUN
cblr-5121	124	30	of	of	ADP
cblr-5121	124	31	directors	director	NOUN
cblr-5121	124	32	of	of	ADP
cblr-5121	124	33	at	at	ADV
cblr-5121	124	34	least	least	ADV
cblr-5121	124	35	12	12	NUM
cblr-5121	124	36	members	member	NOUN
cblr-5121	124	37	.	.	PUNCT
cblr-5121	125	1	nat’l	nat’l	PROPN
cblr-5121	125	2	monetary	monetary	ADJ
cblr-5121	125	3	comm’n	comm’n	NOUN
cblr-5121	125	4	,	,	PUNCT
cblr-5121	125	5	supra	supra	ADJ
cblr-5121	125	6	note	note	NOUN
cblr-5121	125	7	22	22	NUM
cblr-5121	125	8	,	,	PUNCT
cblr-5121	125	9	at	at	ADP
cblr-5121	125	10	11–12	11–12	NUM
cblr-5121	125	11	.	.	PUNCT
cblr-5121	126	1	the	the	DET
cblr-5121	126	2	twelve	twelve	NUM
cblr-5121	126	3	members	member	NOUN
cblr-5121	126	4	of	of	ADP
cblr-5121	126	5	the	the	DET
cblr-5121	126	6	board	board	NOUN
cblr-5121	126	7	,	,	PUNCT
cblr-5121	126	8	much	much	ADV
cblr-5121	126	9	like	like	ADP
cblr-5121	126	10	current	current	ADJ
cblr-5121	126	11	federal	federal	PROPN
cblr-5121	126	12	reserve	reserve	PROPN
cblr-5121	126	13	bank	bank	PROPN
cblr-5121	126	14	boards	board	NOUN
cblr-5121	126	15	,	,	PUNCT
cblr-5121	126	16	would	would	AUX
cblr-5121	126	17	be	be	AUX
cblr-5121	126	18	chosen	choose	VERB
cblr-5121	126	19	to	to	PART
cblr-5121	126	20	represent	represent	VERB
cblr-5121	126	21	a	a	DET
cblr-5121	126	22	mixture	mixture	NOUN
cblr-5121	126	23	of	of	ADP
cblr-5121	126	24	purely	purely	ADV
cblr-5121	126	25	financial	financial	ADJ
cblr-5121	126	26	and	and	CCONJ
cblr-5121	126	27	non	non	ADJ
cblr-5121	126	28	-	-	ADJ
cblr-5121	126	29	financial	financial	ADJ
cblr-5121	126	30	interests	interest	NOUN
cblr-5121	126	31	.	.	PUNCT
cblr-5121	127	1	i	i	PRON
cblr-5121	127	2	d.	d.	PROPN
cblr-5121	127	3	ultimately	ultimately	ADV
cblr-5121	127	4	,	,	PUNCT
cblr-5121	127	5	the	the	DET
cblr-5121	127	6	national	national	PROPN
cblr-5121	127	7	reserve	reserve	PROPN
cblr-5121	127	8	association	association	PROPN
cblr-5121	127	9	sought	seek	VERB
cblr-5121	127	10	to	to	PART
cblr-5121	127	11	not	not	PART
cblr-5121	127	12	“	"	PUNCT
cblr-5121	127	13	overshadow	overshadow	VERB
cblr-5121	127	14	[	[	X
cblr-5121	127	15	]	]	X
cblr-5121	127	16	banks	bank	NOUN
cblr-5121	127	17	,	,	PUNCT
cblr-5121	127	18	”	"	PUNCT
cblr-5121	127	19	but	but	CCONJ
cblr-5121	127	20	be	be	AUX
cblr-5121	127	21	“	"	PUNCT
cblr-5121	127	22	their	their	PRON
cblr-5121	127	23	representative	representative	NOUN
cblr-5121	127	24	.	.	PUNCT
cblr-5121	127	25	”	"	PUNCT
cblr-5121	128	1	i	i	PRON
cblr-5121	128	2	d.	d.	PROPN
cblr-5121	128	3	at	at	ADP
cblr-5121	128	4	15	15	NUM
cblr-5121	128	5	.	.	PUNCT
cblr-5121	128	6	26	26	NUM
cblr-5121	129	1	i	i	PRON
cblr-5121	129	2	d.	d.	PROPN
cblr-5121	129	3	at	at	ADP
cblr-5121	129	4	18	18	NUM
cblr-5121	129	5	.	.	PUNCT
cblr-5121	129	6	27	27	NUM
cblr-5121	130	1	i	i	PRON
cblr-5121	130	2	d.	d.	PROPN
cblr-5121	130	3	at	at	ADP
cblr-5121	130	4	14	14	NUM
cblr-5121	130	5	.	.	PUNCT
cblr-5121	130	6	28	28	NUM
cblr-5121	131	1	i	i	PRON
cblr-5121	131	2	d.	d.	PROPN
cblr-5121	131	3	at	at	ADP
cblr-5121	131	4	39	39	NUM
cblr-5121	131	5	.	.	PUNCT
cblr-5121	131	6	29	29	NUM
cblr-5121	131	7	conti	conti	ADJ
cblr-5121	131	8	-	-	ADJ
cblr-5121	131	9	brown	brown	ADJ
cblr-5121	131	10	,	,	PUNCT
cblr-5121	131	11	supra	supra	PROPN
cblr-5121	131	12	note	note	NOUN
cblr-5121	131	13	13	13	NUM
cblr-5121	131	14	,	,	PUNCT
cblr-5121	131	15	at	at	ADP
cblr-5121	131	16	21	21	NUM
cblr-5121	131	17	.	.	PUNCT
cblr-5121	131	18	30	30	NUM
cblr-5121	132	1	i	i	PRON
cblr-5121	132	2	d.	d.	PROPN
cblr-5121	132	3	at	at	ADP
cblr-5121	132	4	21–22	21–22	NUM
cblr-5121	132	5	.	.	PUNCT
cblr-5121	133	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	133	2	(	(	PUNCT
cblr-5121	133	3	do	do	AUX
cblr-5121	133	4	not	not	PART
cblr-5121	133	5	delte	delte	VERB
cblr-5121	133	6	)	)	PUNCT
cblr-5121	133	7	1/3/2020	1/3/2020	NUM
cblr-5121	133	8	4:04	4:04	NUM
cblr-5121	133	9	pm	pm	NOUN
cblr-5121	133	10	1132	1132	NUM
cblr-5121	133	11	columbia	columbia	PROPN
cblr-5121	133	12	business	business	NOUN
cblr-5121	133	13	law	law	PROPN
cblr-5121	133	14	review	review	NOUN
cblr-5121	133	15	[	[	X
cblr-5121	133	16	vol	vol	NOUN
cblr-5121	133	17	.	.	NOUN
cblr-5121	133	18	2019	2019	NUM
cblr-5121	133	19	central	central	ADJ
cblr-5121	133	20	bank	bank	NOUN
cblr-5121	133	21	.	.	PUNCT
cblr-5121	134	1	”31	”31	PROPN
cblr-5121	135	1	as	as	ADP
cblr-5121	135	2	part	part	NOUN
cblr-5121	135	3	of	of	ADP
cblr-5121	135	4	this	this	DET
cblr-5121	135	5	cooperation	cooperation	NOUN
cblr-5121	135	6	,	,	PUNCT
cblr-5121	135	7	reserve	reserve	NOUN
cblr-5121	135	8	banks	bank	NOUN
cblr-5121	135	9	were	be	AUX
cblr-5121	135	10	empowered	empower	VERB
cblr-5121	135	11	to	to	PART
cblr-5121	135	12	engage	engage	VERB
cblr-5121	135	13	in	in	ADP
cblr-5121	135	14	open	open	ADJ
cblr-5121	135	15	market	market	NOUN
cblr-5121	135	16	operations.32	operations.32	VERB
cblr-5121	135	17	this	this	DET
cblr-5121	135	18	first	first	ADJ
cblr-5121	135	19	stab	stab	NOUN
cblr-5121	135	20	at	at	ADP
cblr-5121	135	21	monetary	monetary	ADJ
cblr-5121	135	22	policy	policy	NOUN
cblr-5121	135	23	administration	administration	NOUN
cblr-5121	135	24	,	,	PUNCT
cblr-5121	135	25	however	however	ADV
cblr-5121	135	26	,	,	PUNCT
cblr-5121	135	27	emphasized	emphasize	VERB
cblr-5121	135	28	independence	independence	NOUN
cblr-5121	135	29	over	over	ADP
cblr-5121	135	30	coordination	coordination	NOUN
cblr-5121	135	31	,	,	PUNCT
cblr-5121	135	32	foregoing	forego	VERB
cblr-5121	135	33	the	the	DET
cblr-5121	135	34	advantages	advantage	NOUN
cblr-5121	135	35	of	of	ADP
cblr-5121	135	36	a	a	DET
cblr-5121	135	37	unified	unified	ADJ
cblr-5121	135	38	central	central	ADJ
cblr-5121	135	39	bank	bank	NOUN
cblr-5121	135	40	.	.	PUNCT
cblr-5121	136	1	instead	instead	ADV
cblr-5121	136	2	of	of	ADP
cblr-5121	136	3	a	a	DET
cblr-5121	136	4	cooperative	cooperative	ADJ
cblr-5121	136	5	system	system	NOUN
cblr-5121	136	6	of	of	ADP
cblr-5121	136	7	authority	authority	NOUN
cblr-5121	136	8	split	split	VERB
cblr-5121	136	9	between	between	ADP
cblr-5121	136	10	reserve	reserve	NOUN
cblr-5121	136	11	banks	bank	NOUN
cblr-5121	136	12	and	and	CCONJ
cblr-5121	136	13	the	the	DET
cblr-5121	136	14	board	board	NOUN
cblr-5121	136	15	,	,	PUNCT
cblr-5121	136	16	the	the	DET
cblr-5121	136	17	two	two	NUM
cblr-5121	136	18	centers	center	NOUN
cblr-5121	136	19	of	of	ADP
cblr-5121	136	20	power	power	NOUN
cblr-5121	136	21	sparred	spar	VERB
cblr-5121	136	22	over	over	ADP
cblr-5121	136	23	their	their	PRON
cblr-5121	136	24	ambiguous	ambiguous	ADJ
cblr-5121	136	25	policy	policy	NOUN
cblr-5121	136	26	authority.33	authority.33	NOUN
cblr-5121	136	27	as	as	ADP
cblr-5121	136	28	part	part	NOUN
cblr-5121	136	29	of	of	ADP
cblr-5121	136	30	this	this	DET
cblr-5121	136	31	early	early	ADJ
cblr-5121	136	32	split	split	NOUN
cblr-5121	136	33	,	,	PUNCT
cblr-5121	136	34	reserve	reserve	PROPN
cblr-5121	136	35	bank	bank	PROPN
cblr-5121	136	36	governors	governor	NOUN
cblr-5121	136	37	held	hold	VERB
cblr-5121	136	38	regular	regular	ADJ
cblr-5121	136	39	meetings	meeting	NOUN
cblr-5121	136	40	,	,	PUNCT
cblr-5121	136	41	known	know	VERB
cblr-5121	136	42	as	as	ADP
cblr-5121	136	43	the	the	DET
cblr-5121	136	44	governors	governor	NOUN
cblr-5121	136	45	conference	conference	NOUN
cblr-5121	136	46	,	,	PUNCT
cblr-5121	136	47	to	to	PART
cblr-5121	136	48	discuss	discuss	VERB
cblr-5121	136	49	and	and	CCONJ
cblr-5121	136	50	coordinate	coordinate	VERB
cblr-5121	136	51	open	open	ADJ
cblr-5121	136	52	market	market	NOUN
cblr-5121	136	53	operations	operation	NOUN
cblr-5121	136	54	—	—	PUNCT
cblr-5121	136	55	an	an	DET
cblr-5121	136	56	arrangement	arrangement	NOUN
cblr-5121	136	57	alien	alien	NOUN
cblr-5121	136	58	to	to	ADP
cblr-5121	136	59	the	the	DET
cblr-5121	136	60	current	current	ADJ
cblr-5121	136	61	centralization	centralization	NOUN
cblr-5121	136	62	of	of	ADP
cblr-5121	136	63	monetary	monetary	ADJ
cblr-5121	136	64	policy.34	policy.34	PROPN
cblr-5121	136	65	b.	b.	PROPN
cblr-5121	137	1	the	the	DET
cblr-5121	137	2	banking	banking	NOUN
cblr-5121	137	3	acts	act	NOUN
cblr-5121	137	4	of	of	ADP
cblr-5121	137	5	1933	1933	NUM
cblr-5121	137	6	and	and	CCONJ
cblr-5121	137	7	1935	1935	NUM
cblr-5121	137	8	if	if	SCONJ
cblr-5121	137	9	the	the	DET
cblr-5121	137	10	financial	financial	ADJ
cblr-5121	137	11	crisis	crisis	NOUN
cblr-5121	137	12	of	of	ADP
cblr-5121	137	13	1907	1907	NUM
cblr-5121	137	14	demonstrated	demonstrate	VERB
cblr-5121	137	15	the	the	DET
cblr-5121	137	16	need	need	NOUN
cblr-5121	137	17	for	for	ADP
cblr-5121	137	18	a	a	DET
cblr-5121	137	19	federal	federal	ADJ
cblr-5121	137	20	monetary	monetary	ADJ
cblr-5121	137	21	policy	policy	NOUN
cblr-5121	137	22	authority	authority	NOUN
cblr-5121	137	23	,	,	PUNCT
cblr-5121	137	24	the	the	DET
cblr-5121	137	25	great	great	ADJ
cblr-5121	137	26	depression	depression	NOUN
cblr-5121	137	27	laid	lay	VERB
cblr-5121	137	28	bare	bare	ADJ
cblr-5121	137	29	the	the	DET
cblr-5121	137	30	inadequacies	inadequacy	NOUN
cblr-5121	137	31	of	of	ADP
cblr-5121	137	32	a	a	DET
cblr-5121	137	33	system	system	NOUN
cblr-5121	137	34	without	without	ADP
cblr-5121	137	35	a	a	DET
cblr-5121	137	36	central	central	ADJ
cblr-5121	137	37	locus	locus	NOUN
cblr-5121	137	38	of	of	ADP
cblr-5121	137	39	authority	authority	NOUN
cblr-5121	137	40	.	.	PUNCT
cblr-5121	138	1	in	in	ADP
cblr-5121	138	2	the	the	DET
cblr-5121	138	3	run	run	NOUN
cblr-5121	138	4	-	-	PUNCT
cblr-5121	138	5	up	up	NOUN
cblr-5121	138	6	to	to	ADP
cblr-5121	138	7	the	the	DET
cblr-5121	138	8	great	great	ADJ
cblr-5121	138	9	depression	depression	NOUN
cblr-5121	138	10	,	,	PUNCT
cblr-5121	138	11	the	the	DET
cblr-5121	138	12	board	board	NOUN
cblr-5121	138	13	and	and	CCONJ
cblr-5121	138	14	reserve	reserve	PROPN
cblr-5121	138	15	banks	bank	NOUN
cblr-5121	138	16	remained	remain	VERB
cblr-5121	138	17	locked	lock	VERB
cblr-5121	138	18	in	in	ADP
cblr-5121	138	19	a	a	DET
cblr-5121	138	20	“	"	PUNCT
cblr-5121	138	21	continuing	continue	VERB
cblr-5121	138	22	struggle	struggle	NOUN
cblr-5121	138	23	”	"	PUNCT
cblr-5121	138	24	over	over	ADP
cblr-5121	138	25	policy	policy	NOUN
cblr-5121	138	26	matters	matter	NOUN
cblr-5121	138	27	and	and	CCONJ
cblr-5121	138	28	their	their	PRON
cblr-5121	138	29	balance	balance	NOUN
cblr-5121	138	30	of	of	ADP
cblr-5121	138	31	authority.35	authority.35	NOUN
cblr-5121	138	32	moreover	moreover	ADV
cblr-5121	138	33	,	,	PUNCT
cblr-5121	138	34	31	31	NUM
cblr-5121	138	35	allan	allan	PROPN
cblr-5121	138	36	h.	h.	PROPN
cblr-5121	138	37	meltzer	meltzer	PROPN
cblr-5121	138	38	,	,	PUNCT
cblr-5121	138	39	a	a	DET
cblr-5121	138	40	history	history	NOUN
cblr-5121	138	41	of	of	ADP
cblr-5121	138	42	the	the	DET
cblr-5121	138	43	federal	federal	PROPN
cblr-5121	138	44	reserve	reserve	PROPN
cblr-5121	138	45	volume	volume	NOUN
cblr-5121	138	46	i	i	PRON
cblr-5121	138	47	,	,	PUNCT
cblr-5121	138	48	1913–1951	1913–1951	NUM
cblr-5121	138	49	68	68	NUM
cblr-5121	138	50	(	(	PUNCT
cblr-5121	138	51	2003	2003	NUM
cblr-5121	138	52	)	)	PUNCT
cblr-5121	138	53	.	.	PUNCT
cblr-5121	139	1	32	32	NUM
cblr-5121	139	2	federal	federal	PROPN
cblr-5121	139	3	reserve	reserve	PROPN
cblr-5121	139	4	act	act	PROPN
cblr-5121	139	5	,	,	PUNCT
cblr-5121	139	6	pub	pub	NOUN
cblr-5121	139	7	.	.	PUNCT
cblr-5121	140	1	l.	l.	PROPN
cblr-5121	140	2	no	no	INTJ
cblr-5121	140	3	.	.	PROPN
cblr-5121	141	1	63	63	NUM
cblr-5121	141	2	-	-	SYM
cblr-5121	141	3	43	43	NUM
cblr-5121	141	4	,	,	PUNCT
cblr-5121	141	5	§	§	PROPN
cblr-5121	141	6	14	14	NUM
cblr-5121	141	7	,	,	PUNCT
cblr-5121	141	8	38	38	NUM
cblr-5121	141	9	stat	stat	NOUN
cblr-5121	141	10	.	.	PUNCT
cblr-5121	142	1	251	251	NUM
cblr-5121	142	2	,	,	PUNCT
cblr-5121	142	3	264	264	NUM
cblr-5121	142	4	(	(	PUNCT
cblr-5121	142	5	codified	codify	VERB
cblr-5121	142	6	as	as	SCONJ
cblr-5121	142	7	amended	amend	VERB
cblr-5121	142	8	at	at	ADP
cblr-5121	142	9	12	12	NUM
cblr-5121	142	10	u.s.c	u.s.c	ADJ
cblr-5121	142	11	.	.	PUNCT
cblr-5121	143	1	§	§	PROPN
cblr-5121	143	2	353	353	NUM
cblr-5121	143	3	(	(	PUNCT
cblr-5121	143	4	2012	2012	NUM
cblr-5121	143	5	)	)	PUNCT
cblr-5121	143	6	)	)	PUNCT
cblr-5121	143	7	.	.	PUNCT
cblr-5121	144	1	33	33	NUM
cblr-5121	144	2	conti	conti	ADJ
cblr-5121	144	3	-	-	ADJ
cblr-5121	144	4	brown	brown	ADJ
cblr-5121	144	5	expands	expand	VERB
cblr-5121	144	6	on	on	ADP
cblr-5121	144	7	this	this	DET
cblr-5121	144	8	point	point	NOUN
cblr-5121	144	9	in	in	ADP
cblr-5121	144	10	noting	note	VERB
cblr-5121	144	11	that	that	SCONJ
cblr-5121	144	12	:	:	PUNCT
cblr-5121	144	13	because	because	SCONJ
cblr-5121	144	14	the	the	DET
cblr-5121	144	15	statute	statute	NOUN
cblr-5121	144	16	—	—	PUNCT
cblr-5121	144	17	in	in	ADP
cblr-5121	144	18	the	the	DET
cblr-5121	144	19	tradition	tradition	NOUN
cblr-5121	144	20	of	of	ADP
cblr-5121	144	21	many	many	ADJ
cblr-5121	144	22	great	great	ADJ
cblr-5121	144	23	political	political	ADJ
cblr-5121	144	24	compromises	compromise	NOUN
cblr-5121	144	25	—	—	PUNCT
cblr-5121	144	26	left	leave	VERB
cblr-5121	144	27	room	room	NOUN
cblr-5121	144	28	for	for	ADP
cblr-5121	144	29	divergent	divergent	ADJ
cblr-5121	144	30	interpretations	interpretation	NOUN
cblr-5121	144	31	for	for	ADP
cblr-5121	144	32	competing	compete	VERB
cblr-5121	144	33	factions	faction	NOUN
cblr-5121	144	34	,	,	PUNCT
cblr-5121	144	35	the	the	DET
cblr-5121	144	36	legislative	legislative	ADJ
cblr-5121	144	37	authors	author	NOUN
cblr-5121	144	38	of	of	ADP
cblr-5121	144	39	the	the	DET
cblr-5121	144	40	federal	federal	PROPN
cblr-5121	144	41	reserve	reserve	PROPN
cblr-5121	144	42	act	act	PROPN
cblr-5121	144	43	never	never	ADV
cblr-5121	144	44	.	.	PUNCT
cblr-5121	144	45	.	.	PUNCT
cblr-5121	144	46	.	.	PUNCT
cblr-5121	145	1	specif[ied	specif[ie	VERB
cblr-5121	145	2	]	]	PUNCT
cblr-5121	145	3	the	the	DET
cblr-5121	145	4	power	power	NOUN
cblr-5121	145	5	relationship	relationship	NOUN
cblr-5121	145	6	between	between	ADP
cblr-5121	145	7	and	and	CCONJ
cblr-5121	145	8	among	among	ADP
cblr-5121	145	9	the	the	DET
cblr-5121	145	10	federal	federal	PROPN
cblr-5121	145	11	reserve	reserve	PROPN
cblr-5121	145	12	board	board	PROPN
cblr-5121	145	13	and	and	CCONJ
cblr-5121	145	14	the	the	DET
cblr-5121	145	15	reserve	reserve	NOUN
cblr-5121	145	16	banks	bank	NOUN
cblr-5121	145	17	.	.	PUNCT
cblr-5121	146	1	in	in	ADP
cblr-5121	146	2	the	the	DET
cblr-5121	146	3	two	two	NUM
cblr-5121	146	4	places	place	NOUN
cblr-5121	146	5	where	where	SCONJ
cblr-5121	146	6	the	the	DET
cblr-5121	146	7	fed	fed	PROPN
cblr-5121	146	8	exercised	exercise	VERB
cblr-5121	146	9	the	the	DET
cblr-5121	146	10	most	most	ADJ
cblr-5121	146	11	power	power	NOUN
cblr-5121	146	12	—	—	PUNCT
cblr-5121	146	13	the	the	DET
cblr-5121	146	14	proactive	proactive	ADJ
cblr-5121	146	15	purchase	purchase	NOUN
cblr-5121	146	16	of	of	ADP
cblr-5121	146	17	securities	security	NOUN
cblr-5121	146	18	in	in	ADP
cblr-5121	146	19	the	the	DET
cblr-5121	146	20	open	open	ADJ
cblr-5121	146	21	market	market	NOUN
cblr-5121	146	22	and	and	CCONJ
cblr-5121	146	23	the	the	DET
cblr-5121	146	24	reactive	reactive	ADJ
cblr-5121	146	25	discounting	discounting	NOUN
cblr-5121	146	26	of	of	ADP
cblr-5121	146	27	securities	security	NOUN
cblr-5121	146	28	brought	bring	VERB
cblr-5121	146	29	to	to	ADP
cblr-5121	146	30	the	the	DET
cblr-5121	146	31	doors	door	NOUN
cblr-5121	146	32	of	of	ADP
cblr-5121	146	33	the	the	DET
cblr-5121	146	34	reserve	reserve	NOUN
cblr-5121	146	35	banks	bank	NOUN
cblr-5121	146	36	—	—	PUNCT
cblr-5121	146	37	rivalries	rivalry	NOUN
cblr-5121	146	38	arose	arise	VERB
cblr-5121	146	39	immediately	immediately	ADV
cblr-5121	146	40	,	,	PUNCT
cblr-5121	146	41	both	both	PRON
cblr-5121	146	42	between	between	ADP
cblr-5121	146	43	the	the	DET
cblr-5121	146	44	board	board	NOUN
cblr-5121	146	45	and	and	CCONJ
cblr-5121	146	46	the	the	DET
cblr-5121	146	47	banks	bank	NOUN
cblr-5121	146	48	and	and	CCONJ
cblr-5121	146	49	among	among	ADP
cblr-5121	146	50	the	the	DET
cblr-5121	146	51	banks	bank	NOUN
cblr-5121	146	52	themselves	themselves	PRON
cblr-5121	146	53	.	.	PUNCT
cblr-5121	147	1	conti	conti	ADJ
cblr-5121	147	2	-	-	ADJ
cblr-5121	147	3	brown	brown	ADJ
cblr-5121	147	4	,	,	PUNCT
cblr-5121	147	5	supra	supra	PROPN
cblr-5121	147	6	note	note	NOUN
cblr-5121	147	7	13	13	NUM
cblr-5121	147	8	,	,	PUNCT
cblr-5121	147	9	at	at	ADP
cblr-5121	147	10	23	23	NUM
cblr-5121	147	11	.	.	PUNCT
cblr-5121	148	1	34	34	NUM
cblr-5121	148	2	see	see	VERB
cblr-5121	148	3	meltzer	meltzer	PROPN
cblr-5121	148	4	,	,	PUNCT
cblr-5121	148	5	supra	supra	PROPN
cblr-5121	148	6	note	note	PROPN
cblr-5121	148	7	31	31	NUM
cblr-5121	148	8	,	,	PUNCT
cblr-5121	148	9	at	at	ADP
cblr-5121	148	10	77	77	NUM
cblr-5121	148	11	,	,	PUNCT
cblr-5121	148	12	81	81	NUM
cblr-5121	148	13	.	.	NOUN
cblr-5121	148	14	35	35	NUM
cblr-5121	149	1	i	i	PRON
cblr-5121	149	2	d.	d.	PROPN
cblr-5121	149	3	at	at	ADP
cblr-5121	149	4	262	262	NUM
cblr-5121	149	5	;	;	PUNCT
cblr-5121	149	6	see	see	VERB
cblr-5121	149	7	also	also	ADV
cblr-5121	149	8	i	i	PROPN
cblr-5121	149	9	d.	d.	PROPN
cblr-5121	149	10	at	at	ADP
cblr-5121	149	11	265–66	265–66	PROPN
cblr-5121	149	12	(	(	PUNCT
cblr-5121	149	13	“	"	PUNCT
cblr-5121	149	14	the	the	DET
cblr-5121	149	15	1929	1929	NUM
cblr-5121	149	16	recession	recession	NOUN
cblr-5121	149	17	began	begin	VERB
cblr-5121	149	18	with	with	ADP
cblr-5121	149	19	the	the	DET
cblr-5121	149	20	federal	federal	PROPN
cblr-5121	149	21	reserve	reserve	NOUN
cblr-5121	149	22	system	system	NOUN
cblr-5121	149	23	divided	divide	VERB
cblr-5121	149	24	on	on	ADP
cblr-5121	149	25	personal	personal	ADJ
cblr-5121	149	26	and	and	CCONJ
cblr-5121	149	27	substantive	substantive	ADJ
cblr-5121	149	28	issues	issue	NOUN
cblr-5121	149	29	.	.	PUNCT
cblr-5121	149	30	.	.	PUNCT
cblr-5121	149	31	.	.	PUNCT
cblr-5121	150	1	.	.	PUNCT
cblr-5121	151	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	151	2	(	(	PUNCT
cblr-5121	151	3	do	do	AUX
cblr-5121	151	4	not	not	PART
cblr-5121	151	5	delete	delete	VERB
cblr-5121	151	6	)	)	PUNCT
cblr-5121	151	7	1/3/2020	1/3/2020	NUM
cblr-5121	151	8	4:04	4:04	NUM
cblr-5121	151	9	pm	pm	NOUN
cblr-5121	151	10	no	no	NOUN
cblr-5121	151	11	.	.	PUNCT
cblr-5121	152	1	3:1123	3:1123	NUM
cblr-5121	152	2	]	]	PUNCT
cblr-5121	152	3	insider	insider	NOUN
cblr-5121	152	4	interest	interest	NOUN
cblr-5121	152	5	,	,	PUNCT
cblr-5121	152	6	not	not	PART
cblr-5121	152	7	industry	industry	NOUN
cblr-5121	152	8	influence	influence	NOUN
cblr-5121	152	9	1133	1133	NUM
cblr-5121	152	10	the	the	DET
cblr-5121	152	11	power	power	NOUN
cblr-5121	152	12	of	of	ADP
cblr-5121	152	13	the	the	DET
cblr-5121	152	14	reserve	reserve	NOUN
cblr-5121	152	15	banks	bank	NOUN
cblr-5121	152	16	raised	raise	VERB
cblr-5121	152	17	concern	concern	NOUN
cblr-5121	152	18	that	that	SCONJ
cblr-5121	152	19	“	"	PUNCT
cblr-5121	152	20	banker	banker	NOUN
cblr-5121	152	21	interest	interest	NOUN
cblr-5121	152	22	.	.	PUNCT
cblr-5121	152	23	.	.	PUNCT
cblr-5121	152	24	.	.	PUNCT
cblr-5121	153	1	ha[d	ha[d	NOUN
cblr-5121	153	2	]	]	PUNCT
cblr-5121	153	3	prevailed	prevail	VERB
cblr-5121	153	4	over	over	ADP
cblr-5121	153	5	the	the	DET
cblr-5121	153	6	public	public	ADJ
cblr-5121	153	7	interest	interest	NOUN
cblr-5121	153	8	.	.	PUNCT
cblr-5121	154	1	”36	”36	PROPN
cblr-5121	154	2	enacted	enact	VERB
cblr-5121	154	3	in	in	ADP
cblr-5121	154	4	response	response	NOUN
cblr-5121	154	5	to	to	ADP
cblr-5121	154	6	the	the	DET
cblr-5121	154	7	great	great	ADJ
cblr-5121	154	8	depression	depression	NOUN
cblr-5121	154	9	and	and	CCONJ
cblr-5121	154	10	in	in	ADP
cblr-5121	154	11	the	the	DET
cblr-5121	154	12	midst	midst	NOUN
cblr-5121	154	13	of	of	ADP
cblr-5121	154	14	broader	broad	ADJ
cblr-5121	154	15	experimentation	experimentation	NOUN
cblr-5121	154	16	during	during	ADP
cblr-5121	154	17	the	the	DET
cblr-5121	154	18	new	new	ADJ
cblr-5121	154	19	deal	deal	NOUN
cblr-5121	154	20	,	,	PUNCT
cblr-5121	154	21	the	the	DET
cblr-5121	154	22	banking	banking	NOUN
cblr-5121	154	23	act	act	NOUN
cblr-5121	154	24	of	of	ADP
cblr-5121	154	25	1933	1933	NUM
cblr-5121	154	26	marked	mark	VERB
cblr-5121	154	27	the	the	DET
cblr-5121	154	28	first	first	ADJ
cblr-5121	154	29	step	step	NOUN
cblr-5121	154	30	toward	toward	ADP
cblr-5121	154	31	establishing	establish	VERB
cblr-5121	154	32	the	the	DET
cblr-5121	154	33	contemporary	contemporary	ADJ
cblr-5121	154	34	centralization	centralization	NOUN
cblr-5121	154	35	features	feature	NOUN
cblr-5121	154	36	of	of	ADP
cblr-5121	154	37	the	the	DET
cblr-5121	154	38	federal	federal	PROPN
cblr-5121	154	39	reserve	reserve	PROPN
cblr-5121	154	40	.	.	PUNCT
cblr-5121	155	1	importantly	importantly	ADV
cblr-5121	155	2	,	,	PUNCT
cblr-5121	155	3	the	the	DET
cblr-5121	155	4	act	act	NOUN
cblr-5121	155	5	established	establish	VERB
cblr-5121	155	6	a	a	DET
cblr-5121	155	7	formal	formal	ADJ
cblr-5121	155	8	monetary	monetary	ADJ
cblr-5121	155	9	policy	policy	NOUN
cblr-5121	155	10	body	body	NOUN
cblr-5121	155	11	in	in	ADP
cblr-5121	155	12	the	the	DET
cblr-5121	155	13	federal	federal	ADJ
cblr-5121	155	14	open	open	ADJ
cblr-5121	155	15	market	market	NOUN
cblr-5121	155	16	committee	committee	NOUN
cblr-5121	155	17	(	(	PUNCT
cblr-5121	155	18	the	the	DET
cblr-5121	155	19	“	"	PUNCT
cblr-5121	155	20	fomc”).37	fomc”).37	NOUN
cblr-5121	155	21	although	although	SCONJ
cblr-5121	155	22	the	the	DET
cblr-5121	155	23	early	early	ADJ
cblr-5121	155	24	fomc	fomc	NOUN
cblr-5121	155	25	was	be	AUX
cblr-5121	155	26	little	little	ADV
cblr-5121	155	27	more	more	ADJ
cblr-5121	155	28	than	than	ADP
cblr-5121	155	29	a	a	DET
cblr-5121	155	30	regular	regular	ADJ
cblr-5121	155	31	meeting	meeting	NOUN
cblr-5121	155	32	of	of	ADP
cblr-5121	155	33	the	the	DET
cblr-5121	155	34	twelve	twelve	NUM
cblr-5121	155	35	reserve	reserve	PROPN
cblr-5121	155	36	bank	bank	PROPN
cblr-5121	155	37	governors	governor	NOUN
cblr-5121	155	38	,	,	PUNCT
cblr-5121	155	39	it	it	PRON
cblr-5121	155	40	marked	mark	VERB
cblr-5121	155	41	a	a	DET
cblr-5121	155	42	step	step	NOUN
cblr-5121	155	43	towards	towards	ADP
cblr-5121	155	44	the	the	DET
cblr-5121	155	45	formalization	formalization	NOUN
cblr-5121	155	46	of	of	ADP
cblr-5121	155	47	monetary	monetary	ADJ
cblr-5121	155	48	policy	policy	NOUN
cblr-5121	155	49	decision	decision	NOUN
cblr-5121	155	50	-	-	PUNCT
cblr-5121	155	51	making.38	making.38	NOUN
cblr-5121	155	52	while	while	SCONJ
cblr-5121	155	53	reserve	reserve	NOUN
cblr-5121	155	54	banks	bank	NOUN
cblr-5121	155	55	could	could	AUX
cblr-5121	155	56	refuse	refuse	VERB
cblr-5121	155	57	to	to	PART
cblr-5121	155	58	conduct	conduct	VERB
cblr-5121	155	59	open	open	ADJ
cblr-5121	155	60	market	market	NOUN
cblr-5121	155	61	operations	operation	NOUN
cblr-5121	155	62	upon	upon	SCONJ
cblr-5121	155	63	advance	advance	NOUN
cblr-5121	155	64	notice	notice	NOUN
cblr-5121	155	65	to	to	ADP
cblr-5121	155	66	the	the	DET
cblr-5121	155	67	federal	federal	PROPN
cblr-5121	155	68	reserve	reserve	PROPN
cblr-5121	155	69	board	board	PROPN
cblr-5121	155	70	,	,	PUNCT
cblr-5121	155	71	the	the	DET
cblr-5121	155	72	act	act	NOUN
cblr-5121	155	73	began	begin	VERB
cblr-5121	155	74	to	to	PART
cblr-5121	155	75	shift	shift	VERB
cblr-5121	155	76	open	open	ADJ
cblr-5121	155	77	market	market	NOUN
cblr-5121	155	78	operations	operation	NOUN
cblr-5121	155	79	authority	authority	NOUN
cblr-5121	155	80	from	from	ADP
cblr-5121	155	81	the	the	DET
cblr-5121	155	82	reserve	reserve	NOUN
cblr-5121	155	83	banks	bank	NOUN
cblr-5121	155	84	to	to	ADP
cblr-5121	155	85	the	the	DET
cblr-5121	155	86	board.39	board.39	NOUN
cblr-5121	155	87	two	two	NUM
cblr-5121	155	88	years	year	NOUN
cblr-5121	155	89	later	later	ADV
cblr-5121	155	90	,	,	PUNCT
cblr-5121	155	91	the	the	DET
cblr-5121	155	92	banking	banking	NOUN
cblr-5121	155	93	act	act	NOUN
cblr-5121	155	94	of	of	ADP
cblr-5121	155	95	1935	1935	NUM
cblr-5121	155	96	marked	mark	VERB
cblr-5121	155	97	the	the	DET
cblr-5121	155	98	end	end	NOUN
cblr-5121	155	99	of	of	ADP
cblr-5121	155	100	the	the	DET
cblr-5121	155	101	dysfunctional	dysfunctional	ADJ
cblr-5121	155	102	federalism	federalism	NOUN
cblr-5121	155	103	of	of	ADP
cblr-5121	155	104	the	the	DET
cblr-5121	155	105	early	early	ADJ
cblr-5121	155	106	federal	federal	ADJ
cblr-5121	155	107	reserve	reserve	NOUN
cblr-5121	155	108	system	system	NOUN
cblr-5121	155	109	.	.	PUNCT
cblr-5121	156	1	spearheaded	spearhead	VERB
cblr-5121	156	2	by	by	ADP
cblr-5121	156	3	newly	newly	ADV
cblr-5121	156	4	appointed	appoint	VERB
cblr-5121	156	5	federal	federal	PROPN
cblr-5121	156	6	reserve	reserve	PROPN
cblr-5121	156	7	board	board	PROPN
cblr-5121	156	8	governor	governor	PROPN
cblr-5121	156	9	marriner	marriner	PROPN
cblr-5121	156	10	eccles	eccles	PROPN
cblr-5121	156	11	,	,	PUNCT
cblr-5121	156	12	the	the	DET
cblr-5121	156	13	act	act	NOUN
cblr-5121	156	14	cemented	cement	VERB
cblr-5121	156	15	the	the	DET
cblr-5121	156	16	fomc	fomc	NOUN
cblr-5121	156	17	as	as	ADP
cblr-5121	156	18	the	the	DET
cblr-5121	156	19	sole	sole	ADJ
cblr-5121	156	20	monetary	monetary	ADJ
cblr-5121	156	21	policy	policy	NOUN
cblr-5121	156	22	decision	decision	NOUN
cblr-5121	156	23	-	-	PUNCT
cblr-5121	156	24	making	making	NOUN
cblr-5121	156	25	entity.40	entity.40	NOUN
cblr-5121	156	26	the	the	DET
cblr-5121	156	27	reformulated	reformulate	VERB
cblr-5121	156	28	fomc	fomc	NOUN
cblr-5121	156	29	would	would	AUX
cblr-5121	156	30	be	be	AUX
cblr-5121	156	31	predominantly	predominantly	ADV
cblr-5121	156	32	comprised	comprise	VERB
cblr-5121	156	33	of	of	ADP
cblr-5121	156	34	the	the	DET
cblr-5121	156	35	board	board	NOUN
cblr-5121	156	36	of	of	ADP
cblr-5121	156	37	governors	governor	NOUN
cblr-5121	156	38	of	of	ADP
cblr-5121	156	39	the	the	DET
cblr-5121	156	40	federal	federal	PROPN
cblr-5121	156	41	reserve	reserve	PROPN
cblr-5121	156	42	system	system	NOUN
cblr-5121	156	43	,	,	PUNCT
cblr-5121	156	44	with	with	ADP
cblr-5121	156	45	reserve	reserve	PROPN
cblr-5121	156	46	bank	bank	PROPN
cblr-5121	156	47	representation	representation	NOUN
cblr-5121	156	48	decreasing	decrease	VERB
cblr-5121	156	49	to	to	ADP
cblr-5121	156	50	five	five	NUM
cblr-5121	156	51	reserve	reserve	PROPN
cblr-5121	156	52	bank	bank	NOUN
cblr-5121	156	53	presidents	president	NOUN
cblr-5121	156	54	(	(	PUNCT
cblr-5121	156	55	or	or	CCONJ
cblr-5121	156	56	first	first	ADJ
cblr-5121	156	57	vice	vice	NOUN
cblr-5121	156	58	presidents).41	presidents).41	PROPN
cblr-5121	156	59	the	the	DET
cblr-5121	156	60	result	result	NOUN
cblr-5121	156	61	was	be	AUX
cblr-5121	156	62	a	a	DET
cblr-5121	156	63	the	the	DET
cblr-5121	156	64	financial	financial	ADJ
cblr-5121	156	65	system	system	NOUN
cblr-5121	156	66	entered	enter	VERB
cblr-5121	156	67	the	the	DET
cblr-5121	156	68	great	great	ADJ
cblr-5121	156	69	depression	depression	NOUN
cblr-5121	156	70	divided	divide	VERB
cblr-5121	156	71	,	,	PUNCT
cblr-5121	156	72	unprepared	unprepared	ADJ
cblr-5121	156	73	to	to	PART
cblr-5121	156	74	take	take	VERB
cblr-5121	156	75	decisive	decisive	ADJ
cblr-5121	156	76	action	action	NOUN
cblr-5121	156	77	,	,	PUNCT
cblr-5121	156	78	and	and	CCONJ
cblr-5121	156	79	uncertain	uncertain	ADJ
cblr-5121	156	80	whether	whether	SCONJ
cblr-5121	156	81	policy	policy	NOUN
cblr-5121	156	82	action	action	NOUN
cblr-5121	156	83	was	be	AUX
cblr-5121	156	84	useful	useful	ADJ
cblr-5121	156	85	or	or	CCONJ
cblr-5121	156	86	desirable	desirable	ADJ
cblr-5121	156	87	to	to	PART
cblr-5121	156	88	stop	stop	VERB
cblr-5121	156	89	economic	economic	ADJ
cblr-5121	156	90	decline	decline	NOUN
cblr-5121	156	91	and	and	CCONJ
cblr-5121	156	92	price	price	NOUN
cblr-5121	156	93	deflation	deflation	NOUN
cblr-5121	156	94	.	.	PUNCT
cblr-5121	156	95	”	"	PUNCT
cblr-5121	156	96	)	)	PUNCT
cblr-5121	156	97	.	.	PUNCT
cblr-5121	157	1	36	36	NUM
cblr-5121	157	2	conti	conti	ADJ
cblr-5121	157	3	-	-	ADJ
cblr-5121	157	4	brown	brown	ADJ
cblr-5121	157	5	,	,	PUNCT
cblr-5121	157	6	supra	supra	PROPN
cblr-5121	157	7	note	note	NOUN
cblr-5121	157	8	13	13	NUM
cblr-5121	157	9	,	,	PUNCT
cblr-5121	157	10	at	at	ADP
cblr-5121	157	11	27	27	NUM
cblr-5121	157	12	.	.	PUNCT
cblr-5121	158	1	37	37	NUM
cblr-5121	158	2	banking	banking	NOUN
cblr-5121	158	3	act	act	NOUN
cblr-5121	158	4	of	of	ADP
cblr-5121	158	5	1933	1933	NUM
cblr-5121	158	6	,	,	PUNCT
cblr-5121	158	7	pub	pub	NOUN
cblr-5121	158	8	.	.	PUNCT
cblr-5121	159	1	l.	l.	PROPN
cblr-5121	159	2	no	no	INTJ
cblr-5121	159	3	.	.	PROPN
cblr-5121	160	1	73	73	NUM
cblr-5121	160	2	-	-	SYM
cblr-5121	160	3	66	66	NUM
cblr-5121	160	4	,	,	PUNCT
cblr-5121	160	5	§	§	PROPN
cblr-5121	160	6	12a	12a	NOUN
cblr-5121	160	7	,	,	PUNCT
cblr-5121	160	8	48	48	NUM
cblr-5121	160	9	stat	stat	NOUN
cblr-5121	160	10	.	.	PUNCT
cblr-5121	161	1	162	162	NUM
cblr-5121	161	2	,	,	PUNCT
cblr-5121	161	3	168	168	NUM
cblr-5121	161	4	(	(	PUNCT
cblr-5121	161	5	codified	codify	VERB
cblr-5121	161	6	as	as	SCONJ
cblr-5121	161	7	amended	amend	VERB
cblr-5121	161	8	at	at	ADP
cblr-5121	161	9	12	12	NUM
cblr-5121	161	10	u.s.c	u.s.c	ADJ
cblr-5121	161	11	.	.	PUNCT
cblr-5121	162	1	§	§	PROPN
cblr-5121	162	2	263	263	NUM
cblr-5121	162	3	(	(	PUNCT
cblr-5121	162	4	2012	2012	NUM
cblr-5121	162	5	)	)	PUNCT
cblr-5121	162	6	)	)	PUNCT
cblr-5121	162	7	.	.	PUNCT
cblr-5121	163	1	38	38	NUM
cblr-5121	163	2	conti	conti	ADJ
cblr-5121	163	3	-	-	ADJ
cblr-5121	163	4	brown	brown	ADJ
cblr-5121	163	5	,	,	PUNCT
cblr-5121	163	6	supra	supra	PROPN
cblr-5121	163	7	note	note	NOUN
cblr-5121	163	8	13	13	NUM
cblr-5121	163	9	,	,	PUNCT
cblr-5121	163	10	at	at	ADP
cblr-5121	163	11	25	25	NUM
cblr-5121	163	12	.	.	PUNCT
cblr-5121	163	13	39	39	NUM
cblr-5121	163	14	see	see	VERB
cblr-5121	163	15	meltzer	meltzer	PROPN
cblr-5121	163	16	,	,	PUNCT
cblr-5121	163	17	supra	supra	PROPN
cblr-5121	163	18	note	note	PROPN
cblr-5121	163	19	31	31	NUM
cblr-5121	163	20	,	,	PUNCT
cblr-5121	163	21	at	at	ADP
cblr-5121	163	22	430	430	NUM
cblr-5121	163	23	.	.	PUNCT
cblr-5121	163	24	40	40	NUM
cblr-5121	163	25	see	see	VERB
cblr-5121	163	26	conti	conti	ADJ
cblr-5121	163	27	-	-	ADJ
cblr-5121	163	28	brown	brown	ADJ
cblr-5121	163	29	,	,	PUNCT
cblr-5121	163	30	supra	supra	PROPN
cblr-5121	163	31	note	note	NOUN
cblr-5121	163	32	13	13	NUM
cblr-5121	163	33	,	,	PUNCT
cblr-5121	163	34	at	at	ADP
cblr-5121	163	35	29–32	29–32	NUM
cblr-5121	163	36	.	.	PUNCT
cblr-5121	164	1	41	41	NUM
cblr-5121	164	2	see	see	VERB
cblr-5121	164	3	conti	conti	ADJ
cblr-5121	164	4	-	-	ADJ
cblr-5121	164	5	brown	brown	ADJ
cblr-5121	164	6	,	,	PUNCT
cblr-5121	164	7	supra	supra	PROPN
cblr-5121	164	8	note	note	NOUN
cblr-5121	164	9	13	13	NUM
cblr-5121	164	10	,	,	PUNCT
cblr-5121	164	11	at	at	ADP
cblr-5121	164	12	30	30	NUM
cblr-5121	164	13	.	.	PUNCT
cblr-5121	164	14	reserve	reserve	PROPN
cblr-5121	164	15	bank	bank	PROPN
cblr-5121	164	16	representatives	representative	NOUN
cblr-5121	164	17	on	on	ADP
cblr-5121	164	18	the	the	DET
cblr-5121	164	19	fomc	fomc	NOUN
cblr-5121	164	20	are	be	AUX
cblr-5121	164	21	selected	select	VERB
cblr-5121	164	22	from	from	ADP
cblr-5121	164	23	five	five	NUM
cblr-5121	164	24	groups	group	NOUN
cblr-5121	164	25	.	.	PUNCT
cblr-5121	165	1	the	the	DET
cblr-5121	165	2	federal	federal	PROPN
cblr-5121	165	3	reserve	reserve	PROPN
cblr-5121	165	4	bank	bank	PROPN
cblr-5121	165	5	of	of	ADP
cblr-5121	165	6	new	new	PROPN
cblr-5121	165	7	york	york	PROPN
cblr-5121	165	8	has	have	VERB
cblr-5121	165	9	a	a	DET
cblr-5121	165	10	permanent	permanent	ADJ
cblr-5121	165	11	seat	seat	NOUN
cblr-5121	165	12	on	on	ADP
cblr-5121	165	13	the	the	DET
cblr-5121	165	14	fomc	fomc	NOUN
cblr-5121	165	15	,	,	PUNCT
cblr-5121	165	16	one	one	NUM
cblr-5121	165	17	fomc	fomc	NOUN
cblr-5121	165	18	member	member	NOUN
cblr-5121	165	19	is	be	AUX
cblr-5121	165	20	selected	select	VERB
cblr-5121	165	21	from	from	ADP
cblr-5121	165	22	the	the	DET
cblr-5121	165	23	federal	federal	PROPN
cblr-5121	165	24	reserve	reserve	PROPN
cblr-5121	165	25	banks	bank	NOUN
cblr-5121	165	26	of	of	ADP
cblr-5121	165	27	boston	boston	PROPN
cblr-5121	165	28	,	,	PUNCT
cblr-5121	165	29	philadelphia	philadelphia	PROPN
cblr-5121	165	30	,	,	PUNCT
cblr-5121	165	31	and	and	CCONJ
cblr-5121	165	32	richmond	richmond	NOUN
cblr-5121	165	33	;	;	PUNCT
cblr-5121	165	34	one	one	NUM
cblr-5121	165	35	from	from	ADP
cblr-5121	165	36	the	the	DET
cblr-5121	165	37	federal	federal	PROPN
cblr-5121	165	38	reserve	reserve	PROPN
cblr-5121	165	39	banks	bank	NOUN
cblr-5121	165	40	of	of	ADP
cblr-5121	165	41	cleveland	cleveland	PROPN
cblr-5121	165	42	and	and	CCONJ
cblr-5121	165	43	chicago	chicago	PROPN
cblr-5121	165	44	;	;	PUNCT
cblr-5121	165	45	another	another	PRON
cblr-5121	165	46	from	from	ADP
cblr-5121	165	47	the	the	DET
cblr-5121	165	48	federal	federal	PROPN
cblr-5121	165	49	reserve	reserve	PROPN
cblr-5121	165	50	banks	bank	NOUN
cblr-5121	165	51	of	of	ADP
cblr-5121	165	52	atlanta	atlanta	PROPN
cblr-5121	165	53	,	,	PUNCT
cblr-5121	165	54	dallas	dallas	PROPN
cblr-5121	165	55	,	,	PUNCT
cblr-5121	165	56	and	and	CCONJ
cblr-5121	165	57	st	st	PROPN
cblr-5121	165	58	.	.	PROPN
cblr-5121	165	59	louis	louis	PROPN
cblr-5121	165	60	;	;	PUNCT
cblr-5121	165	61	and	and	CCONJ
cblr-5121	165	62	one	one	NUM
cblr-5121	165	63	from	from	ADP
cblr-5121	165	64	the	the	DET
cblr-5121	165	65	federal	federal	PROPN
cblr-5121	165	66	reserve	reserve	PROPN
cblr-5121	165	67	banks	bank	NOUN
cblr-5121	165	68	of	of	ADP
cblr-5121	165	69	minneapolis	minneapolis	PROPN
cblr-5121	165	70	,	,	PUNCT
cblr-5121	165	71	kansas	kansas	PROPN
cblr-5121	165	72	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	165	73	(	(	PUNCT
cblr-5121	165	74	do	do	AUX
cblr-5121	165	75	not	not	PART
cblr-5121	165	76	delte	delte	VERB
cblr-5121	165	77	)	)	PUNCT
cblr-5121	165	78	1/3/2020	1/3/2020	NUM
cblr-5121	165	79	4:04	4:04	NUM
cblr-5121	165	80	pm	pm	NOUN
cblr-5121	165	81	1134	1134	NUM
cblr-5121	165	82	columbia	columbia	PROPN
cblr-5121	165	83	business	business	NOUN
cblr-5121	165	84	law	law	PROPN
cblr-5121	165	85	review	review	NOUN
cblr-5121	165	86	[	[	X
cblr-5121	165	87	vol	vol	NOUN
cblr-5121	165	88	.	.	NOUN
cblr-5121	165	89	2019	2019	NUM
cblr-5121	165	90	federal	federal	PROPN
cblr-5121	165	91	reserve	reserve	NOUN
cblr-5121	165	92	system	system	NOUN
cblr-5121	165	93	that	that	PRON
cblr-5121	165	94	retained	retain	VERB
cblr-5121	165	95	the	the	DET
cblr-5121	165	96	institutional	institutional	ADJ
cblr-5121	165	97	structure	structure	NOUN
cblr-5121	165	98	of	of	ADP
cblr-5121	165	99	the	the	DET
cblr-5121	165	100	original	original	ADJ
cblr-5121	165	101	system	system	NOUN
cblr-5121	165	102	but	but	CCONJ
cblr-5121	165	103	whose	whose	DET
cblr-5121	165	104	power	power	NOUN
cblr-5121	165	105	had	have	AUX
cblr-5121	165	106	shifted	shift	VERB
cblr-5121	165	107	toward	toward	ADP
cblr-5121	165	108	the	the	DET
cblr-5121	165	109	center.42	center.42	NOUN
cblr-5121	165	110	at	at	ADP
cblr-5121	165	111	bottom	bottom	NOUN
cblr-5121	165	112	,	,	PUNCT
cblr-5121	165	113	the	the	DET
cblr-5121	165	114	“	"	PUNCT
cblr-5121	165	115	1935	1935	NUM
cblr-5121	165	116	act	act	NOUN
cblr-5121	165	117	permitted	permit	VERB
cblr-5121	165	118	the	the	DET
cblr-5121	165	119	federal	federal	PROPN
cblr-5121	165	120	reserve	reserve	PROPN
cblr-5121	165	121	to	to	PART
cblr-5121	165	122	become	become	VERB
cblr-5121	165	123	a	a	DET
cblr-5121	165	124	central	central	ADJ
cblr-5121	165	125	bank	bank	NOUN
cblr-5121	165	126	.	.	PUNCT
cblr-5121	166	1	”43	”43	PROPN
cblr-5121	166	2	c.	c.	PROPN
cblr-5121	166	3	the	the	DET
cblr-5121	166	4	modern	modern	ADJ
cblr-5121	166	5	federal	federal	PROPN
cblr-5121	166	6	reserve	reserve	PROPN
cblr-5121	166	7	today	today	NOUN
cblr-5121	166	8	,	,	PUNCT
cblr-5121	166	9	the	the	DET
cblr-5121	166	10	federal	federal	PROPN
cblr-5121	166	11	reserve	reserve	NOUN
cblr-5121	166	12	system	system	NOUN
cblr-5121	166	13	retains	retain	VERB
cblr-5121	166	14	this	this	DET
cblr-5121	166	15	historical	historical	ADJ
cblr-5121	166	16	public	public	ADJ
cblr-5121	166	17	-	-	PUNCT
cblr-5121	166	18	private	private	ADJ
cblr-5121	166	19	arrangement	arrangement	NOUN
cblr-5121	166	20	.	.	PUNCT
cblr-5121	167	1	the	the	DET
cblr-5121	167	2	board	board	NOUN
cblr-5121	167	3	of	of	ADP
cblr-5121	167	4	governors	governor	NOUN
cblr-5121	167	5	,	,	PUNCT
cblr-5121	167	6	located	locate	VERB
cblr-5121	167	7	in	in	ADP
cblr-5121	167	8	washington	washington	PROPN
cblr-5121	167	9	,	,	PUNCT
cblr-5121	167	10	consists	consist	VERB
cblr-5121	167	11	of	of	ADP
cblr-5121	167	12	up	up	ADP
cblr-5121	167	13	to	to	PART
cblr-5121	167	14	seven	seven	NUM
cblr-5121	167	15	members	member	NOUN
cblr-5121	167	16	who	who	PRON
cblr-5121	167	17	are	be	AUX
cblr-5121	167	18	selected	select	VERB
cblr-5121	167	19	by	by	ADP
cblr-5121	167	20	the	the	DET
cblr-5121	167	21	president	president	NOUN
cblr-5121	167	22	and	and	CCONJ
cblr-5121	167	23	subject	subject	NOUN
cblr-5121	167	24	to	to	ADP
cblr-5121	167	25	senate	senate	PROPN
cblr-5121	167	26	confirmation.44	confirmation.44	NOUN
cblr-5121	167	27	governors	governor	NOUN
cblr-5121	167	28	serve	serve	VERB
cblr-5121	167	29	fourteen	fourteen	NUM
cblr-5121	167	30	-	-	PUNCT
cblr-5121	167	31	year	year	NOUN
cblr-5121	167	32	terms	term	NOUN
cblr-5121	167	33	and	and	CCONJ
cblr-5121	167	34	are	be	AUX
cblr-5121	167	35	protected	protect	VERB
cblr-5121	167	36	by	by	ADP
cblr-5121	167	37	for	for	ADP
cblr-5121	167	38	-	-	PUNCT
cblr-5121	167	39	cause	cause	NOUN
cblr-5121	167	40	removal	removal	NOUN
cblr-5121	167	41	constraints.45	constraints.45	VERB
cblr-5121	167	42	three	three	NUM
cblr-5121	167	43	members	member	NOUN
cblr-5121	167	44	of	of	ADP
cblr-5121	167	45	the	the	DET
cblr-5121	167	46	board	board	NOUN
cblr-5121	167	47	are	be	AUX
cblr-5121	167	48	selected	select	VERB
cblr-5121	167	49	to	to	PART
cblr-5121	167	50	serve	serve	VERB
cblr-5121	167	51	four	four	NUM
cblr-5121	167	52	-	-	PUNCT
cblr-5121	167	53	year	year	NOUN
cblr-5121	167	54	terms	term	NOUN
cblr-5121	167	55	as	as	ADP
cblr-5121	167	56	chairman	chairman	NOUN
cblr-5121	167	57	and	and	CCONJ
cblr-5121	167	58	vice	vice	NOUN
cblr-5121	167	59	chairmen	chairman	NOUN
cblr-5121	167	60	,	,	PUNCT
cblr-5121	167	61	with	with	ADP
cblr-5121	167	62	one	one	NUM
cblr-5121	167	63	of	of	ADP
cblr-5121	167	64	the	the	DET
cblr-5121	167	65	two	two	NUM
cblr-5121	167	66	vice	vice	NOUN
cblr-5121	167	67	city	city	NOUN
cblr-5121	167	68	,	,	PUNCT
cblr-5121	167	69	and	and	CCONJ
cblr-5121	167	70	san	san	PROPN
cblr-5121	167	71	francisco	francisco	PROPN
cblr-5121	167	72	.	.	PUNCT
cblr-5121	168	1	12	12	NUM
cblr-5121	168	2	u.s.c	u.s.c	NOUN
cblr-5121	168	3	.	.	PUNCT
cblr-5121	169	1	§	§	PROPN
cblr-5121	169	2	263(a	263(a	NUM
cblr-5121	169	3	)	)	PUNCT
cblr-5121	169	4	(	(	PUNCT
cblr-5121	169	5	2012	2012	NUM
cblr-5121	169	6	)	)	PUNCT
cblr-5121	169	7	.	.	PUNCT
cblr-5121	170	1	the	the	DET
cblr-5121	170	2	new	new	PROPN
cblr-5121	170	3	york	york	PROPN
cblr-5121	170	4	fed	fed	PROPN
cblr-5121	170	5	’s	’s	PART
cblr-5121	170	6	permanent	permanent	ADJ
cblr-5121	170	7	seat	seat	NOUN
cblr-5121	170	8	on	on	ADP
cblr-5121	170	9	the	the	DET
cblr-5121	170	10	fomc	fomc	NOUN
cblr-5121	170	11	was	be	AUX
cblr-5121	170	12	codified	codify	VERB
cblr-5121	170	13	in	in	ADP
cblr-5121	170	14	1942	1942	NUM
cblr-5121	170	15	.	.	PUNCT
cblr-5121	171	1	pub	pub	NOUN
cblr-5121	171	2	.	.	PUNCT
cblr-5121	172	1	l.	l.	PROPN
cblr-5121	172	2	no	no	INTJ
cblr-5121	172	3	.	.	PUNCT
cblr-5121	173	1	77	77	NUM
cblr-5121	173	2	-	-	SYM
cblr-5121	173	3	656	656	NUM
cblr-5121	173	4	,	,	PUNCT
cblr-5121	173	5	§	§	PROPN
cblr-5121	173	6	1	1	NUM
cblr-5121	173	7	,	,	PUNCT
cblr-5121	173	8	56	56	NUM
cblr-5121	173	9	stat	stat	NOUN
cblr-5121	173	10	.	.	PUNCT
cblr-5121	174	1	647	647	NUM
cblr-5121	174	2	,	,	PUNCT
cblr-5121	174	3	647–48	647–48	NUM
cblr-5121	174	4	(	(	PUNCT
cblr-5121	174	5	codified	codify	VERB
cblr-5121	174	6	at	at	ADP
cblr-5121	174	7	12	12	NUM
cblr-5121	174	8	u.s.c	u.s.c	NOUN
cblr-5121	174	9	.	.	PUNCT
cblr-5121	175	1	§	§	PROPN
cblr-5121	175	2	263	263	NUM
cblr-5121	175	3	(	(	PUNCT
cblr-5121	175	4	2012	2012	NUM
cblr-5121	175	5	)	)	PUNCT
cblr-5121	175	6	)	)	PUNCT
cblr-5121	175	7	.	.	PUNCT
cblr-5121	176	1	42	42	NUM
cblr-5121	176	2	see	see	VERB
cblr-5121	176	3	conti	conti	ADJ
cblr-5121	176	4	-	-	ADJ
cblr-5121	176	5	brown	brown	ADJ
cblr-5121	176	6	,	,	PUNCT
cblr-5121	176	7	supra	supra	PROPN
cblr-5121	176	8	note	note	NOUN
cblr-5121	176	9	13	13	NUM
cblr-5121	176	10	,	,	PUNCT
cblr-5121	176	11	at	at	ADP
cblr-5121	176	12	30–31	30–31	NUM
cblr-5121	176	13	.	.	PUNCT
cblr-5121	177	1	an	an	DET
cblr-5121	177	2	abandoned	abandon	VERB
cblr-5121	177	3	proposal	proposal	NOUN
cblr-5121	177	4	aimed	aim	VERB
cblr-5121	177	5	at	at	ADP
cblr-5121	177	6	reforming	reform	VERB
cblr-5121	177	7	the	the	DET
cblr-5121	177	8	federal	federal	PROPN
cblr-5121	177	9	reserve	reserve	NOUN
cblr-5121	177	10	system	system	NOUN
cblr-5121	177	11	during	during	ADP
cblr-5121	177	12	this	this	DET
cblr-5121	177	13	period	period	NOUN
cblr-5121	177	14	would	would	AUX
cblr-5121	177	15	have	have	AUX
cblr-5121	177	16	nationalized	nationalize	VERB
cblr-5121	177	17	the	the	DET
cblr-5121	177	18	reserve	reserve	NOUN
cblr-5121	177	19	banks	bank	NOUN
cblr-5121	177	20	.	.	PUNCT
cblr-5121	178	1	under	under	ADP
cblr-5121	178	2	the	the	DET
cblr-5121	178	3	proposed	propose	VERB
cblr-5121	178	4	1937	1937	NUM
cblr-5121	178	5	bill	bill	NOUN
cblr-5121	178	6	,	,	PUNCT
cblr-5121	178	7	which	which	PRON
cblr-5121	178	8	garnered	garner	VERB
cblr-5121	178	9	broad	broad	ADJ
cblr-5121	178	10	support	support	NOUN
cblr-5121	178	11	in	in	ADP
cblr-5121	178	12	congress	congress	PROPN
cblr-5121	178	13	,	,	PUNCT
cblr-5121	178	14	all	all	DET
cblr-5121	178	15	outstanding	outstanding	ADJ
cblr-5121	178	16	reserve	reserve	PROPN
cblr-5121	178	17	bank	bank	PROPN
cblr-5121	178	18	stock	stock	NOUN
cblr-5121	178	19	would	would	AUX
cblr-5121	178	20	be	be	AUX
cblr-5121	178	21	purchased	purchase	VERB
cblr-5121	178	22	.	.	PUNCT
cblr-5121	179	1	ultimately	ultimately	ADV
cblr-5121	179	2	,	,	PUNCT
cblr-5121	179	3	federal	federal	PROPN
cblr-5121	179	4	reserve	reserve	PROPN
cblr-5121	179	5	staff	staff	NOUN
cblr-5121	179	6	concluded	conclude	VERB
cblr-5121	179	7	that	that	SCONJ
cblr-5121	179	8	the	the	DET
cblr-5121	179	9	bill	bill	NOUN
cblr-5121	179	10	conflated	conflate	VERB
cblr-5121	179	11	ownership	ownership	NOUN
cblr-5121	179	12	of	of	ADP
cblr-5121	179	13	reserve	reserve	PROPN
cblr-5121	179	14	bank	bank	PROPN
cblr-5121	179	15	stock	stock	NOUN
cblr-5121	179	16	(	(	PUNCT
cblr-5121	179	17	a	a	DET
cblr-5121	179	18	requirement	requirement	NOUN
cblr-5121	179	19	for	for	ADP
cblr-5121	179	20	all	all	DET
cblr-5121	179	21	private	private	ADJ
cblr-5121	179	22	member	member	NOUN
cblr-5121	179	23	banks	bank	NOUN
cblr-5121	179	24	)	)	PUNCT
cblr-5121	179	25	with	with	ADP
cblr-5121	179	26	actual	actual	ADJ
cblr-5121	179	27	control	control	NOUN
cblr-5121	179	28	over	over	ADP
cblr-5121	179	29	the	the	DET
cblr-5121	179	30	reserve	reserve	NOUN
cblr-5121	179	31	banks	bank	NOUN
cblr-5121	179	32	.	.	PUNCT
cblr-5121	180	1	meltzer	meltzer	PROPN
cblr-5121	180	2	,	,	PUNCT
cblr-5121	180	3	supra	supra	PROPN
cblr-5121	180	4	note	note	PROPN
cblr-5121	180	5	31	31	NUM
cblr-5121	180	6	,	,	PUNCT
cblr-5121	180	7	at	at	ADP
cblr-5121	180	8	488–89	488–89	NUM
cblr-5121	180	9	.	.	PUNCT
cblr-5121	181	1	43	43	NUM
cblr-5121	181	2	meltzer	meltzer	PROPN
cblr-5121	181	3	,	,	PUNCT
cblr-5121	181	4	supra	supra	PROPN
cblr-5121	181	5	note	note	PROPN
cblr-5121	181	6	31	31	NUM
cblr-5121	181	7	,	,	PUNCT
cblr-5121	181	8	at	at	ADP
cblr-5121	181	9	486	486	NUM
cblr-5121	181	10	.	.	NOUN
cblr-5121	181	11	44	44	NUM
cblr-5121	181	12	12	12	NUM
cblr-5121	181	13	u.s.c	u.s.c	NOUN
cblr-5121	181	14	.	.	PUNCT
cblr-5121	182	1	§	§	PROPN
cblr-5121	182	2	241	241	NUM
cblr-5121	182	3	(	(	PUNCT
cblr-5121	182	4	2012	2012	NUM
cblr-5121	182	5	)	)	PUNCT
cblr-5121	182	6	.	.	PUNCT
cblr-5121	183	1	senate	senate	PROPN
cblr-5121	183	2	confirmation	confirmation	NOUN
cblr-5121	183	3	of	of	ADP
cblr-5121	183	4	the	the	DET
cblr-5121	183	5	chairman	chairman	NOUN
cblr-5121	183	6	and	and	CCONJ
cblr-5121	183	7	vice	vice	NOUN
cblr-5121	183	8	chairmen	chairman	NOUN
cblr-5121	183	9	of	of	ADP
cblr-5121	183	10	the	the	DET
cblr-5121	183	11	board	board	NOUN
cblr-5121	183	12	of	of	ADP
cblr-5121	183	13	governors	governor	NOUN
cblr-5121	183	14	to	to	ADP
cblr-5121	183	15	their	their	PRON
cblr-5121	183	16	particular	particular	ADJ
cblr-5121	183	17	positions	position	NOUN
cblr-5121	183	18	as	as	ADP
cblr-5121	183	19	chairman	chairman	NOUN
cblr-5121	183	20	and	and	CCONJ
cblr-5121	183	21	vice	vice	NOUN
cblr-5121	183	22	chairmen	chairman	NOUN
cblr-5121	183	23	stands	stand	VERB
cblr-5121	183	24	in	in	ADP
cblr-5121	183	25	contrast	contrast	NOUN
cblr-5121	183	26	to	to	ADP
cblr-5121	183	27	the	the	DET
cblr-5121	183	28	appointment	appointment	NOUN
cblr-5121	183	29	procedure	procedure	NOUN
cblr-5121	183	30	for	for	ADP
cblr-5121	183	31	other	other	ADJ
cblr-5121	183	32	administrative	administrative	ADJ
cblr-5121	183	33	agency	agency	NOUN
cblr-5121	183	34	chairs	chair	NOUN
cblr-5121	183	35	.	.	PUNCT
cblr-5121	184	1	for	for	ADP
cblr-5121	184	2	example	example	NOUN
cblr-5121	184	3	,	,	PUNCT
cblr-5121	184	4	the	the	DET
cblr-5121	184	5	president	president	PROPN
cblr-5121	184	6	designates	designate	VERB
cblr-5121	184	7	the	the	DET
cblr-5121	184	8	federal	federal	PROPN
cblr-5121	184	9	trade	trade	PROPN
cblr-5121	184	10	commission	commission	PROPN
cblr-5121	184	11	chairman	chairman	NOUN
cblr-5121	184	12	,	,	PUNCT
cblr-5121	184	13	selected	select	VERB
cblr-5121	184	14	from	from	ADP
cblr-5121	184	15	its	its	PRON
cblr-5121	184	16	five	five	NUM
cblr-5121	184	17	commissioners	commissioner	NOUN
cblr-5121	184	18	,	,	PUNCT
cblr-5121	184	19	without	without	ADP
cblr-5121	184	20	senate	senate	PROPN
cblr-5121	184	21	approval	approval	NOUN
cblr-5121	184	22	.	.	PUNCT
cblr-5121	185	1	15	15	NUM
cblr-5121	185	2	u.s.c	u.s.c	NOUN
cblr-5121	185	3	.	.	PUNCT
cblr-5121	186	1	§	§	PROPN
cblr-5121	186	2	41	41	NUM
cblr-5121	186	3	(	(	PUNCT
cblr-5121	186	4	2012	2012	NUM
cblr-5121	186	5	)	)	PUNCT
cblr-5121	186	6	.	.	PUNCT
cblr-5121	187	1	45	45	NUM
cblr-5121	187	2	12	12	NUM
cblr-5121	187	3	u.s.c	u.s.c	NOUN
cblr-5121	187	4	.	.	PUNCT
cblr-5121	188	1	§	§	PROPN
cblr-5121	188	2	242	242	NUM
cblr-5121	188	3	(	(	PUNCT
cblr-5121	188	4	2012	2012	NUM
cblr-5121	188	5	)	)	PUNCT
cblr-5121	188	6	.	.	PUNCT
cblr-5121	189	1	although	although	SCONJ
cblr-5121	189	2	the	the	DET
cblr-5121	189	3	federal	federal	PROPN
cblr-5121	189	4	reserve	reserve	PROPN
cblr-5121	189	5	chairman	chairman	NOUN
cblr-5121	189	6	and	and	CCONJ
cblr-5121	189	7	vice	vice	NOUN
cblr-5121	189	8	chairmen	chairman	NOUN
cblr-5121	189	9	enjoy	enjoy	VERB
cblr-5121	189	10	for	for	ADP
cblr-5121	189	11	-	-	PUNCT
cblr-5121	189	12	cause	cause	VERB
cblr-5121	189	13	removal	removal	NOUN
cblr-5121	189	14	protection	protection	NOUN
cblr-5121	189	15	for	for	ADP
cblr-5121	189	16	their	their	PRON
cblr-5121	189	17	role	role	NOUN
cblr-5121	189	18	as	as	ADP
cblr-5121	189	19	governors	governor	NOUN
cblr-5121	189	20	,	,	PUNCT
cblr-5121	189	21	they	they	PRON
cblr-5121	189	22	are	be	AUX
cblr-5121	189	23	not	not	PART
cblr-5121	189	24	explicitly	explicitly	ADV
cblr-5121	189	25	protected	protect	VERB
cblr-5121	189	26	from	from	ADP
cblr-5121	189	27	being	be	AUX
cblr-5121	189	28	demoted	demote	VERB
cblr-5121	189	29	by	by	ADP
cblr-5121	189	30	the	the	DET
cblr-5121	189	31	president	president	NOUN
cblr-5121	189	32	from	from	ADP
cblr-5121	189	33	their	their	PRON
cblr-5121	189	34	position	position	NOUN
cblr-5121	189	35	as	as	ADP
cblr-5121	189	36	chairman	chairman	NOUN
cblr-5121	189	37	or	or	CCONJ
cblr-5121	189	38	vice	vice	NOUN
cblr-5121	189	39	chairmen	chairman	NOUN
cblr-5121	189	40	.	.	PUNCT
cblr-5121	190	1	see	see	VERB
cblr-5121	190	2	adrian	adrian	PROPN
cblr-5121	190	3	vermeule	vermeule	NOUN
cblr-5121	190	4	,	,	PUNCT
cblr-5121	190	5	conventions	convention	NOUN
cblr-5121	190	6	of	of	ADP
cblr-5121	190	7	agency	agency	NOUN
cblr-5121	190	8	independence	independence	NOUN
cblr-5121	190	9	,	,	PUNCT
cblr-5121	190	10	113	113	NUM
cblr-5121	190	11	colum	colum	NOUN
cblr-5121	190	12	.	.	PUNCT
cblr-5121	191	1	l.	l.	PROPN
cblr-5121	191	2	rev	rev	PROPN
cblr-5121	191	3	.	.	PROPN
cblr-5121	191	4	1163	1163	NUM
cblr-5121	191	5	,	,	PUNCT
cblr-5121	191	6	1175–79	1175–79	ADV
cblr-5121	191	7	(	(	PUNCT
cblr-5121	191	8	2013	2013	NUM
cblr-5121	191	9	)	)	PUNCT
cblr-5121	191	10	.	.	PUNCT
cblr-5121	192	1	regardless	regardless	ADV
cblr-5121	192	2	of	of	ADP
cblr-5121	192	3	the	the	DET
cblr-5121	192	4	lack	lack	NOUN
cblr-5121	192	5	of	of	ADP
cblr-5121	192	6	statutory	statutory	ADJ
cblr-5121	192	7	protection	protection	NOUN
cblr-5121	192	8	against	against	ADP
cblr-5121	192	9	atwill	atwill	ADJ
cblr-5121	192	10	demotion	demotion	NOUN
cblr-5121	192	11	,	,	PUNCT
cblr-5121	192	12	however	however	ADV
cblr-5121	192	13	,	,	PUNCT
cblr-5121	192	14	norms	norm	NOUN
cblr-5121	192	15	against	against	ADP
cblr-5121	192	16	political	political	ADJ
cblr-5121	192	17	interference	interference	NOUN
cblr-5121	192	18	with	with	ADP
cblr-5121	192	19	the	the	DET
cblr-5121	192	20	federal	federal	PROPN
cblr-5121	192	21	reserve	reserve	PROPN
cblr-5121	192	22	constrain	constrain	VERB
cblr-5121	192	23	the	the	DET
cblr-5121	192	24	actions	action	NOUN
cblr-5121	192	25	of	of	ADP
cblr-5121	192	26	political	political	ADJ
cblr-5121	192	27	officials	official	NOUN
cblr-5121	192	28	.	.	PUNCT
cblr-5121	193	1	i	i	PRON
cblr-5121	193	2	d.	d.	PROPN
cblr-5121	193	3	at	at	ADP
cblr-5121	193	4	1196–99	1196–99	NUM
cblr-5121	193	5	.	.	PUNCT
cblr-5121	194	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	194	2	(	(	PUNCT
cblr-5121	194	3	do	do	AUX
cblr-5121	194	4	not	not	PART
cblr-5121	194	5	delete	delete	VERB
cblr-5121	194	6	)	)	PUNCT
cblr-5121	194	7	1/3/2020	1/3/2020	NUM
cblr-5121	194	8	4:04	4:04	NUM
cblr-5121	194	9	pm	pm	NOUN
cblr-5121	194	10	no	no	NOUN
cblr-5121	194	11	.	.	PUNCT
cblr-5121	195	1	3:1123	3:1123	NUM
cblr-5121	195	2	]	]	PUNCT
cblr-5121	195	3	insider	insider	NOUN
cblr-5121	195	4	interest	interest	NOUN
cblr-5121	195	5	,	,	PUNCT
cblr-5121	195	6	not	not	PART
cblr-5121	195	7	industry	industry	NOUN
cblr-5121	195	8	influence	influence	NOUN
cblr-5121	195	9	1135	1135	NUM
cblr-5121	195	10	chairmen	chairman	NOUN
cblr-5121	195	11	serving	serve	VERB
cblr-5121	195	12	,	,	PUNCT
cblr-5121	195	13	after	after	ADP
cblr-5121	195	14	the	the	DET
cblr-5121	195	15	passing	passing	NOUN
cblr-5121	195	16	of	of	ADP
cblr-5121	195	17	the	the	DET
cblr-5121	195	18	dodd	dodd	PROPN
cblr-5121	195	19	-	-	PUNCT
cblr-5121	195	20	frank	frank	PROPN
cblr-5121	195	21	wall	wall	PROPN
cblr-5121	195	22	street	street	PROPN
cblr-5121	195	23	reform	reform	PROPN
cblr-5121	195	24	and	and	CCONJ
cblr-5121	195	25	consumer	consumer	NOUN
cblr-5121	195	26	protection	protection	NOUN
cblr-5121	195	27	act	act	NOUN
cblr-5121	195	28	(	(	PUNCT
cblr-5121	195	29	the	the	DET
cblr-5121	195	30	“	"	PUNCT
cblr-5121	195	31	dodd	dodd	PROPN
cblr-5121	195	32	-	-	PUNCT
cblr-5121	195	33	frank	frank	PROPN
cblr-5121	195	34	act	act	PROPN
cblr-5121	195	35	”	"	PUNCT
cblr-5121	195	36	)	)	PUNCT
cblr-5121	195	37	in	in	ADP
cblr-5121	195	38	2010	2010	NUM
cblr-5121	195	39	,	,	PUNCT
cblr-5121	195	40	as	as	ADP
cblr-5121	195	41	vice	vice	NOUN
cblr-5121	195	42	chairman	chairman	NOUN
cblr-5121	195	43	for	for	ADP
cblr-5121	195	44	supervision.46	supervision.46	PROPN
cblr-5121	195	45	currently	currently	ADV
cblr-5121	195	46	staffed	staff	VERB
cblr-5121	195	47	by	by	ADP
cblr-5121	195	48	former	former	ADJ
cblr-5121	195	49	treasury	treasury	NOUN
cblr-5121	195	50	official	official	NOUN
cblr-5121	195	51	and	and	CCONJ
cblr-5121	195	52	investor	investor	NOUN
cblr-5121	195	53	randal	randal	NOUN
cblr-5121	195	54	quarles	quarle	NOUN
cblr-5121	195	55	,	,	PUNCT
cblr-5121	195	56	the	the	DET
cblr-5121	195	57	vice	vice	NOUN
cblr-5121	195	58	chairman	chairman	NOUN
cblr-5121	195	59	for	for	ADP
cblr-5121	195	60	supervision	supervision	NOUN
cblr-5121	195	61	is	be	AUX
cblr-5121	195	62	tasked	task	VERB
cblr-5121	195	63	with	with	ADP
cblr-5121	195	64	“	"	PUNCT
cblr-5121	195	65	develop[ing	develop[e	VERB
cblr-5121	195	66	]	]	PUNCT
cblr-5121	195	67	policy	policy	NOUN
cblr-5121	195	68	recommendations	recommendation	NOUN
cblr-5121	195	69	for	for	ADP
cblr-5121	195	70	the	the	DET
cblr-5121	195	71	board	board	NOUN
cblr-5121	195	72	regarding	regard	VERB
cblr-5121	195	73	supervision	supervision	NOUN
cblr-5121	195	74	and	and	CCONJ
cblr-5121	195	75	regulation	regulation	NOUN
cblr-5121	195	76	of	of	ADP
cblr-5121	195	77	depository	depository	NOUN
cblr-5121	195	78	institution	institution	NOUN
cblr-5121	195	79	holding	hold	VERB
cblr-5121	195	80	companies	company	NOUN
cblr-5121	195	81	and	and	CCONJ
cblr-5121	195	82	other	other	ADJ
cblr-5121	195	83	financial	financial	ADJ
cblr-5121	195	84	firms	firm	NOUN
cblr-5121	195	85	supervised	supervise	VERB
cblr-5121	195	86	by	by	ADP
cblr-5121	195	87	the	the	DET
cblr-5121	195	88	board	board	NOUN
cblr-5121	195	89	,	,	PUNCT
cblr-5121	195	90	and	and	CCONJ
cblr-5121	195	91	.	.	PUNCT
cblr-5121	195	92	.	.	PUNCT
cblr-5121	195	93	.	.	PUNCT
cblr-5121	196	1	oversee[ing	oversee[e	VERB
cblr-5121	196	2	]	]	PUNCT
cblr-5121	196	3	the	the	DET
cblr-5121	196	4	supervision	supervision	NOUN
cblr-5121	196	5	and	and	CCONJ
cblr-5121	196	6	regulation	regulation	NOUN
cblr-5121	196	7	of	of	ADP
cblr-5121	196	8	such	such	ADJ
cblr-5121	196	9	firms	firm	NOUN
cblr-5121	196	10	.	.	PUNCT
cblr-5121	197	1	”47	”47	PROPN
cblr-5121	197	2	in	in	ADP
cblr-5121	197	3	contrast	contrast	NOUN
cblr-5121	197	4	to	to	ADP
cblr-5121	197	5	the	the	DET
cblr-5121	197	6	publicly	publicly	ADV
cblr-5121	197	7	appointed	appoint	VERB
cblr-5121	197	8	board	board	NOUN
cblr-5121	197	9	of	of	ADP
cblr-5121	197	10	governors	governor	NOUN
cblr-5121	197	11	,	,	PUNCT
cblr-5121	197	12	the	the	DET
cblr-5121	197	13	twelve	twelve	NUM
cblr-5121	197	14	federal	federal	ADJ
cblr-5121	197	15	reserve	reserve	NOUN
cblr-5121	197	16	banks	bank	NOUN
cblr-5121	197	17	are	be	AUX
cblr-5121	197	18	structured	structure	VERB
cblr-5121	197	19	as	as	SCONJ
cblr-5121	197	20	quasiprivate	quasiprivate	VERB
cblr-5121	197	21	entities.48	entities.48	PROPN
cblr-5121	197	22	reserve	reserve	PROPN
cblr-5121	197	23	banks	bank	NOUN
cblr-5121	197	24	issue	issue	VERB
cblr-5121	197	25	stock	stock	NOUN
cblr-5121	197	26	to	to	ADP
cblr-5121	197	27	regulated	regulated	ADJ
cblr-5121	197	28	member	member	NOUN
cblr-5121	197	29	banks	bank	NOUN
cblr-5121	197	30	,	,	PUNCT
cblr-5121	197	31	who	who	PRON
cblr-5121	197	32	must	must	AUX
cblr-5121	197	33	purchase	purchase	VERB
cblr-5121	197	34	stock	stock	NOUN
cblr-5121	197	35	as	as	ADP
cblr-5121	197	36	a	a	DET
cblr-5121	197	37	condition	condition	NOUN
cblr-5121	197	38	of	of	ADP
cblr-5121	197	39	membership	membership	NOUN
cblr-5121	197	40	in	in	ADP
cblr-5121	197	41	the	the	DET
cblr-5121	197	42	federal	federal	PROPN
cblr-5121	197	43	reserve	reserve	PROPN
cblr-5121	197	44	system.49	system.49	PROPN
cblr-5121	197	45	although	although	SCONJ
cblr-5121	197	46	member	member	NOUN
cblr-5121	197	47	banks	bank	NOUN
cblr-5121	197	48	thus	thus	ADV
cblr-5121	197	49	hold	hold	VERB
cblr-5121	197	50	stock	stock	NOUN
cblr-5121	197	51	in	in	ADP
cblr-5121	197	52	the	the	DET
cblr-5121	197	53	reserve	reserve	NOUN
cblr-5121	197	54	banks	bank	NOUN
cblr-5121	197	55	,	,	PUNCT
cblr-5121	197	56	they	they	PRON
cblr-5121	197	57	do	do	AUX
cblr-5121	197	58	not	not	PART
cblr-5121	197	59	quite	quite	ADV
cblr-5121	197	60	“	"	PUNCT
cblr-5121	197	61	function	function	NOUN
cblr-5121	197	62	as	as	ADP
cblr-5121	197	63	the	the	DET
cblr-5121	197	64	reserve	reserve	PROPN
cblr-5121	197	65	banks	bank	NOUN
cblr-5121	197	66	’	’	PART
cblr-5121	197	67	private	private	ADJ
cblr-5121	197	68	stockholders	stockholder	NOUN
cblr-5121	197	69	.	.	PUNCT
cblr-5121	198	1	”50	”50	NOUN
cblr-5121	198	2	ownership	ownership	NOUN
cblr-5121	198	3	of	of	ADP
cblr-5121	198	4	federal	federal	PROPN
cblr-5121	198	5	reserve	reserve	PROPN
cblr-5121	198	6	stock	stock	NOUN
cblr-5121	198	7	does	do	AUX
cblr-5121	198	8	not	not	PART
cblr-5121	198	9	afford	afford	VERB
cblr-5121	198	10	traditional	traditional	ADJ
cblr-5121	198	11	ownership	ownership	NOUN
cblr-5121	198	12	interests	interest	NOUN
cblr-5121	198	13	to	to	ADP
cblr-5121	198	14	member	member	NOUN
cblr-5121	198	15	banks	bank	NOUN
cblr-5121	198	16	,	,	PUNCT
cblr-5121	198	17	as	as	SCONJ
cblr-5121	198	18	reserve	reserve	PROPN
cblr-5121	198	19	bank	bank	PROPN
cblr-5121	198	20	stock	stock	NOUN
cblr-5121	198	21	retains	retain	VERB
cblr-5121	198	22	a	a	DET
cblr-5121	198	23	constant	constant	ADJ
cblr-5121	198	24	$	$	SYM
cblr-5121	198	25	100	100	NUM
cblr-5121	198	26	par	par	NOUN
cblr-5121	198	27	value	value	NOUN
cblr-5121	198	28	and	and	CCONJ
cblr-5121	198	29	can	can	AUX
cblr-5121	198	30	not	not	PART
cblr-5121	198	31	be	be	AUX
cblr-5121	198	32	transferred	transfer	VERB
cblr-5121	198	33	or	or	CCONJ
cblr-5121	198	34	pledged.51	pledged.51	NOUN
cblr-5121	198	35	the	the	DET
cblr-5121	198	36	reserve	reserve	NOUN
cblr-5121	198	37	banks	bank	NOUN
cblr-5121	198	38	’	'	PUNCT
cblr-5121	198	39	governance	governance	NOUN
cblr-5121	198	40	structures	structure	NOUN
cblr-5121	198	41	similarly	similarly	ADV
cblr-5121	198	42	bear	bear	VERB
cblr-5121	198	43	some	some	PRON
cblr-5121	198	44	of	of	ADP
cblr-5121	198	45	the	the	DET
cblr-5121	198	46	trappings	trapping	NOUN
cblr-5121	198	47	of	of	ADP
cblr-5121	198	48	a	a	DET
cblr-5121	198	49	private	private	ADJ
cblr-5121	198	50	entity	entity	NOUN
cblr-5121	198	51	.	.	PUNCT
cblr-5121	199	1	although	although	SCONJ
cblr-5121	199	2	the	the	DET
cblr-5121	199	3	presidents	president	NOUN
cblr-5121	199	4	are	be	AUX
cblr-5121	199	5	the	the	DET
cblr-5121	199	6	public	public	ADJ
cblr-5121	199	7	face	face	NOUN
cblr-5121	199	8	of	of	ADP
cblr-5121	199	9	the	the	DET
cblr-5121	199	10	reserve	reserve	NOUN
cblr-5121	199	11	banks	bank	NOUN
cblr-5121	199	12	,	,	PUNCT
cblr-5121	199	13	the	the	DET
cblr-5121	199	14	banks	bank	NOUN
cblr-5121	199	15	operate	operate	VERB
cblr-5121	199	16	,	,	PUNCT
cblr-5121	199	17	by	by	ADP
cblr-5121	199	18	statute	statute	NOUN
cblr-5121	199	19	,	,	PUNCT
cblr-5121	199	20	“	"	PUNCT
cblr-5121	199	21	under	under	ADP
cblr-5121	199	22	the	the	DET
cblr-5121	199	23	supervision	supervision	NOUN
cblr-5121	199	24	and	and	CCONJ
cblr-5121	199	25	control	control	NOUN
cblr-5121	199	26	of	of	ADP
cblr-5121	199	27	a	a	DET
cblr-5121	199	28	board	board	NOUN
cblr-5121	199	29	of	of	ADP
cblr-5121	199	30	directors	director	NOUN
cblr-5121	199	31	.	.	PUNCT
cblr-5121	200	1	”52	”52	VERB
cblr-5121	200	2	each	each	DET
cblr-5121	200	3	board	board	NOUN
cblr-5121	200	4	of	of	ADP
cblr-5121	200	5	directors	director	NOUN
cblr-5121	200	6	is	be	AUX
cblr-5121	200	7	comprised	comprise	VERB
cblr-5121	200	8	of	of	ADP
cblr-5121	200	9	nine	nine	NUM
cblr-5121	200	10	members	member	NOUN
cblr-5121	200	11	from	from	ADP
cblr-5121	200	12	the	the	DET
cblr-5121	200	13	federal	federal	PROPN
cblr-5121	200	14	reserve	reserve	PROPN
cblr-5121	200	15	district	district	PROPN
cblr-5121	200	16	,	,	PUNCT
cblr-5121	200	17	categorized	categorize	VERB
cblr-5121	200	18	into	into	ADP
cblr-5121	200	19	three	three	NUM
cblr-5121	200	20	classes	class	NOUN
cblr-5121	200	21	,	,	PUNCT
cblr-5121	200	22	with	with	ADP
cblr-5121	200	23	each	each	DET
cblr-5121	200	24	class	class	NOUN
cblr-5121	200	25	representing	represent	VERB
cblr-5121	200	26	distinct	distinct	ADJ
cblr-5121	200	27	46	46	NUM
cblr-5121	200	28	dodd	dodd	PROPN
cblr-5121	200	29	-	-	PUNCT
cblr-5121	200	30	frank	frank	PROPN
cblr-5121	200	31	wall	wall	PROPN
cblr-5121	200	32	street	street	PROPN
cblr-5121	200	33	reform	reform	PROPN
cblr-5121	200	34	and	and	CCONJ
cblr-5121	200	35	consumer	consumer	NOUN
cblr-5121	200	36	protection	protection	PROPN
cblr-5121	200	37	act	act	PROPN
cblr-5121	200	38	,	,	PUNCT
cblr-5121	200	39	pub	pub	NOUN
cblr-5121	200	40	.	.	PUNCT
cblr-5121	201	1	l.	l.	PROPN
cblr-5121	201	2	no	no	INTJ
cblr-5121	201	3	.	.	PROPN
cblr-5121	202	1	111	111	NUM
cblr-5121	202	2	-	-	SYM
cblr-5121	202	3	203	203	NUM
cblr-5121	202	4	,	,	PUNCT
cblr-5121	202	5	§	§	PROPN
cblr-5121	202	6	1108(a)(1	1108(a)(1	NUM
cblr-5121	202	7	)	)	PUNCT
cblr-5121	202	8	,	,	PUNCT
cblr-5121	202	9	124	124	NUM
cblr-5121	202	10	stat	stat	NOUN
cblr-5121	202	11	.	.	PUNCT
cblr-5121	203	1	1376	1376	NUM
cblr-5121	203	2	,	,	PUNCT
cblr-5121	203	3	2126	2126	NUM
cblr-5121	203	4	(	(	PUNCT
cblr-5121	203	5	codified	codify	VERB
cblr-5121	203	6	at	at	ADP
cblr-5121	203	7	12	12	NUM
cblr-5121	203	8	u.s.c	u.s.c	NOUN
cblr-5121	203	9	.	.	PUNCT
cblr-5121	204	1	§	§	PROPN
cblr-5121	204	2	242	242	NUM
cblr-5121	204	3	(	(	PUNCT
cblr-5121	204	4	2012	2012	NUM
cblr-5121	204	5	)	)	PUNCT
cblr-5121	204	6	)	)	PUNCT
cblr-5121	204	7	.	.	PUNCT
cblr-5121	205	1	47	47	NUM
cblr-5121	206	1	i	i	PRON
cblr-5121	206	2	d.	d.	PROPN
cblr-5121	206	3	48	48	NUM
cblr-5121	206	4	see	see	VERB
cblr-5121	206	5	conti	conti	ADJ
cblr-5121	206	6	-	-	ADJ
cblr-5121	206	7	brown	brown	ADJ
cblr-5121	206	8	,	,	PUNCT
cblr-5121	206	9	supra	supra	PROPN
cblr-5121	206	10	note	note	NOUN
cblr-5121	206	11	13	13	NUM
cblr-5121	206	12	,	,	PUNCT
cblr-5121	206	13	at	at	ADP
cblr-5121	206	14	105	105	NUM
cblr-5121	206	15	(	(	PUNCT
cblr-5121	206	16	“	"	PUNCT
cblr-5121	206	17	if	if	SCONJ
cblr-5121	206	18	[	[	X
cblr-5121	206	19	the	the	DET
cblr-5121	206	20	federal	federal	PROPN
cblr-5121	206	21	reserve	reserve	PROPN
cblr-5121	206	22	banks	bank	NOUN
cblr-5121	206	23	]	]	PUNCT
cblr-5121	206	24	are	be	AUX
cblr-5121	206	25	not	not	PART
cblr-5121	206	26	private	private	ADJ
cblr-5121	206	27	corporations	corporation	NOUN
cblr-5121	206	28	,	,	PUNCT
cblr-5121	206	29	neither	neither	CCONJ
cblr-5121	206	30	are	be	AUX
cblr-5121	206	31	they	they	PRON
cblr-5121	206	32	purely	purely	ADV
cblr-5121	206	33	government	government	NOUN
cblr-5121	206	34	agencies	agency	NOUN
cblr-5121	206	35	.	.	PUNCT
cblr-5121	206	36	”	"	PUNCT
cblr-5121	206	37	)	)	PUNCT
cblr-5121	206	38	.	.	PUNCT
cblr-5121	207	1	49	49	NUM
cblr-5121	207	2	12	12	NUM
cblr-5121	207	3	u.s.c	u.s.c	NOUN
cblr-5121	207	4	.	.	PUNCT
cblr-5121	208	1	§	§	PROPN
cblr-5121	208	2	222	222	NUM
cblr-5121	208	3	(	(	PUNCT
cblr-5121	208	4	2012	2012	NUM
cblr-5121	208	5	)	)	PUNCT
cblr-5121	208	6	.	.	PUNCT
cblr-5121	209	1	50	50	NUM
cblr-5121	209	2	conti	conti	ADJ
cblr-5121	209	3	-	-	ADJ
cblr-5121	209	4	brown	brown	ADJ
cblr-5121	209	5	,	,	PUNCT
cblr-5121	209	6	supra	supra	PROPN
cblr-5121	209	7	note	note	NOUN
cblr-5121	209	8	13	13	NUM
cblr-5121	209	9	,	,	PUNCT
cblr-5121	209	10	at	at	ADP
cblr-5121	209	11	105	105	NUM
cblr-5121	209	12	.	.	PUNCT
cblr-5121	210	1	51	51	NUM
cblr-5121	210	2	12	12	NUM
cblr-5121	210	3	u.s.c	u.s.c	NOUN
cblr-5121	210	4	.	.	PUNCT
cblr-5121	211	1	§	§	PROPN
cblr-5121	211	2	287	287	NUM
cblr-5121	211	3	(	(	PUNCT
cblr-5121	211	4	2012	2012	NUM
cblr-5121	211	5	)	)	PUNCT
cblr-5121	211	6	.	.	PUNCT
cblr-5121	212	1	52	52	NUM
cblr-5121	213	1	i	i	PRON
cblr-5121	213	2	d.	d.	PROPN
cblr-5121	213	3	§	§	PROPN
cblr-5121	213	4	301	301	NUM
cblr-5121	213	5	.	.	PUNCT
cblr-5121	213	6	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	213	7	(	(	PUNCT
cblr-5121	213	8	do	do	AUX
cblr-5121	213	9	not	not	PART
cblr-5121	213	10	delte	delte	VERB
cblr-5121	213	11	)	)	PUNCT
cblr-5121	213	12	1/3/2020	1/3/2020	NUM
cblr-5121	213	13	4:04	4:04	NUM
cblr-5121	213	14	pm	pm	NOUN
cblr-5121	213	15	1136	1136	NUM
cblr-5121	213	16	columbia	columbia	PROPN
cblr-5121	213	17	business	business	NOUN
cblr-5121	213	18	law	law	PROPN
cblr-5121	213	19	review	review	NOUN
cblr-5121	213	20	[	[	X
cblr-5121	213	21	vol	vol	NOUN
cblr-5121	213	22	.	.	NOUN
cblr-5121	213	23	2019	2019	NUM
cblr-5121	213	24	interests	interest	NOUN
cblr-5121	213	25	.	.	PUNCT
cblr-5121	214	1	class	class	NOUN
cblr-5121	214	2	a	a	NOUN
cblr-5121	214	3	and	and	CCONJ
cblr-5121	214	4	class	class	NOUN
cblr-5121	214	5	b	b	PROPN
cblr-5121	214	6	directors	director	NOUN
cblr-5121	214	7	,	,	PUNCT
cblr-5121	214	8	who	who	PRON
cblr-5121	214	9	constitute	constitute	VERB
cblr-5121	214	10	twothirds	twothird	NOUN
cblr-5121	214	11	of	of	ADP
cblr-5121	214	12	the	the	DET
cblr-5121	214	13	board	board	NOUN
cblr-5121	214	14	seats	seat	NOUN
cblr-5121	214	15	,	,	PUNCT
cblr-5121	214	16	are	be	AUX
cblr-5121	214	17	selected	select	VERB
cblr-5121	214	18	by	by	ADP
cblr-5121	214	19	regulated	regulated	ADJ
cblr-5121	214	20	member	member	NOUN
cblr-5121	214	21	banks.53	banks.53	PROPN
cblr-5121	214	22	class	class	PROPN
cblr-5121	214	23	a	a	DET
cblr-5121	214	24	directors	director	NOUN
cblr-5121	214	25	are	be	AUX
cblr-5121	214	26	directly	directly	ADV
cblr-5121	214	27	“	"	PUNCT
cblr-5121	214	28	representative	representative	NOUN
cblr-5121	214	29	of	of	ADP
cblr-5121	214	30	the	the	DET
cblr-5121	214	31	stockholding	stockholde	VERB
cblr-5121	214	32	banks	bank	NOUN
cblr-5121	214	33	”	"	PUNCT
cblr-5121	214	34	and	and	CCONJ
cblr-5121	214	35	financial	financial	ADJ
cblr-5121	214	36	interests	interest	NOUN
cblr-5121	214	37	,	,	PUNCT
cblr-5121	214	38	and	and	CCONJ
cblr-5121	214	39	can	can	AUX
cblr-5121	214	40	be	be	AUX
cblr-5121	214	41	bank	bank	NOUN
cblr-5121	214	42	officers	officer	NOUN
cblr-5121	214	43	,	,	PUNCT
cblr-5121	214	44	directors	director	NOUN
cblr-5121	214	45	,	,	PUNCT
cblr-5121	214	46	or	or	CCONJ
cblr-5121	214	47	employees.54	employees.54	PROPN
cblr-5121	214	48	class	class	PROPN
cblr-5121	214	49	b	b	PROPN
cblr-5121	214	50	directors	director	NOUN
cblr-5121	214	51	are	be	AUX
cblr-5121	214	52	similarly	similarly	ADV
cblr-5121	214	53	chosen	choose	VERB
cblr-5121	214	54	by	by	ADP
cblr-5121	214	55	stockholding	stockholde	VERB
cblr-5121	214	56	member	member	NOUN
cblr-5121	214	57	banks	bank	NOUN
cblr-5121	214	58	,	,	PUNCT
cblr-5121	214	59	but	but	CCONJ
cblr-5121	214	60	can	can	AUX
cblr-5121	214	61	not	not	PART
cblr-5121	214	62	be	be	AUX
cblr-5121	214	63	employees	employee	NOUN
cblr-5121	214	64	of	of	ADP
cblr-5121	214	65	member	member	NOUN
cblr-5121	214	66	banks	bank	NOUN
cblr-5121	214	67	and	and	CCONJ
cblr-5121	214	68	are	be	AUX
cblr-5121	214	69	selected	select	VERB
cblr-5121	214	70	to	to	PART
cblr-5121	214	71	“	"	PUNCT
cblr-5121	214	72	represent	represent	VERB
cblr-5121	214	73	the	the	DET
cblr-5121	214	74	public	public	NOUN
cblr-5121	214	75	”	"	PUNCT
cblr-5121	214	76	rather	rather	ADV
cblr-5121	214	77	than	than	ADP
cblr-5121	214	78	banking	bank	VERB
cblr-5121	214	79	interests.55	interests.55	NOUN
cblr-5121	214	80	finally	finally	ADV
cblr-5121	214	81	,	,	PUNCT
cblr-5121	214	82	class	class	NOUN
cblr-5121	214	83	c	c	NOUN
cblr-5121	214	84	directors	director	NOUN
cblr-5121	214	85	,	,	PUNCT
cblr-5121	214	86	who	who	PRON
cblr-5121	214	87	occupy	occupy	VERB
cblr-5121	214	88	the	the	DET
cblr-5121	214	89	remaining	remain	VERB
cblr-5121	214	90	three	three	NUM
cblr-5121	214	91	seats	seat	NOUN
cblr-5121	214	92	on	on	ADP
cblr-5121	214	93	the	the	DET
cblr-5121	214	94	board	board	NOUN
cblr-5121	214	95	of	of	ADP
cblr-5121	214	96	directors	director	NOUN
cblr-5121	214	97	,	,	PUNCT
cblr-5121	214	98	are	be	AUX
cblr-5121	214	99	similarly	similarly	ADV
cblr-5121	214	100	elected	elect	VERB
cblr-5121	214	101	to	to	PART
cblr-5121	214	102	“	"	PUNCT
cblr-5121	214	103	represent	represent	VERB
cblr-5121	214	104	the	the	DET
cblr-5121	214	105	public	public	NOUN
cblr-5121	214	106	,	,	PUNCT
cblr-5121	214	107	”	"	PUNCT
cblr-5121	214	108	but	but	CCONJ
cblr-5121	214	109	are	be	AUX
cblr-5121	214	110	appointed	appoint	VERB
cblr-5121	214	111	by	by	ADP
cblr-5121	214	112	the	the	DET
cblr-5121	214	113	board	board	NOUN
cblr-5121	214	114	of	of	ADP
cblr-5121	214	115	governors	governor	NOUN
cblr-5121	214	116	rather	rather	ADV
cblr-5121	214	117	than	than	ADP
cblr-5121	214	118	stockholding	stockholde	VERB
cblr-5121	214	119	banks.56	banks.56	VERB
cblr-5121	214	120	as	as	ADP
cblr-5121	214	121	part	part	NOUN
cblr-5121	214	122	of	of	ADP
cblr-5121	214	123	“	"	PUNCT
cblr-5121	214	124	the	the	DET
cblr-5121	214	125	duties	duty	NOUN
cblr-5121	214	126	usually	usually	ADV
cblr-5121	214	127	appertaining	appertain	VERB
cblr-5121	214	128	to	to	ADP
cblr-5121	214	129	the	the	DET
cblr-5121	214	130	office	office	NOUN
cblr-5121	214	131	of	of	ADP
cblr-5121	214	132	directors	director	NOUN
cblr-5121	214	133	of	of	ADP
cblr-5121	214	134	banking	banking	PROPN
cblr-5121	214	135	associations,”57	associations,”57	PROPN
cblr-5121	214	136	reserve	reserve	PROPN
cblr-5121	214	137	bank	bank	PROPN
cblr-5121	214	138	boards	board	NOUN
cblr-5121	214	139	of	of	ADP
cblr-5121	214	140	53	53	NUM
cblr-5121	215	1	i	i	PROPN
cblr-5121	215	2	d.	d.	PROPN
cblr-5121	215	3	§	§	PROPN
cblr-5121	215	4	304	304	NUM
cblr-5121	215	5	.	.	PUNCT
cblr-5121	216	1	the	the	DET
cblr-5121	216	2	voting	voting	NOUN
cblr-5121	216	3	process	process	NOUN
cblr-5121	216	4	begins	begin	VERB
cblr-5121	216	5	with	with	ADP
cblr-5121	216	6	the	the	DET
cblr-5121	216	7	solicitation	solicitation	NOUN
cblr-5121	216	8	of	of	ADP
cblr-5121	216	9	nominees	nominee	NOUN
cblr-5121	216	10	from	from	ADP
cblr-5121	216	11	three	three	NUM
cblr-5121	216	12	groups	group	NOUN
cblr-5121	216	13	of	of	ADP
cblr-5121	216	14	member	member	NOUN
cblr-5121	216	15	banks	bank	NOUN
cblr-5121	216	16	within	within	ADP
cblr-5121	216	17	the	the	DET
cblr-5121	216	18	district	district	NOUN
cblr-5121	216	19	,	,	PUNCT
cblr-5121	216	20	categorized	categorize	VERB
cblr-5121	216	21	according	accord	VERB
cblr-5121	216	22	to	to	ADP
cblr-5121	216	23	their	their	PRON
cblr-5121	216	24	capitalization	capitalization	NOUN
cblr-5121	216	25	.	.	PUNCT
cblr-5121	217	1	each	each	DET
cblr-5121	217	2	group	group	NOUN
cblr-5121	217	3	can	can	AUX
cblr-5121	217	4	nominate	nominate	VERB
cblr-5121	217	5	one	one	NUM
cblr-5121	217	6	class	class	NOUN
cblr-5121	217	7	a	a	DET
cblr-5121	217	8	candidate	candidate	NOUN
cblr-5121	217	9	and	and	CCONJ
cblr-5121	217	10	one	one	NUM
cblr-5121	217	11	class	class	NOUN
cblr-5121	217	12	b	b	NOUN
cblr-5121	217	13	candidate	candidate	NOUN
cblr-5121	217	14	.	.	PUNCT
cblr-5121	218	1	i	i	PRON
cblr-5121	218	2	d.	d.	PROPN
cblr-5121	218	3	for	for	ADP
cblr-5121	218	4	the	the	DET
cblr-5121	218	5	most	most	ADV
cblr-5121	218	6	recent	recent	ADJ
cblr-5121	218	7	new	new	PROPN
cblr-5121	218	8	york	york	PROPN
cblr-5121	218	9	fed	fed	PROPN
cblr-5121	218	10	board	board	NOUN
cblr-5121	218	11	election	election	NOUN
cblr-5121	218	12	of	of	ADP
cblr-5121	218	13	class	class	NOUN
cblr-5121	218	14	a	a	PRON
cblr-5121	218	15	and	and	CCONJ
cblr-5121	218	16	b	b	NOUN
cblr-5121	218	17	directors	director	NOUN
cblr-5121	218	18	,	,	PUNCT
cblr-5121	218	19	the	the	DET
cblr-5121	218	20	three	three	NUM
cblr-5121	218	21	groups	group	NOUN
cblr-5121	218	22	were	be	AUX
cblr-5121	218	23	banks	bank	NOUN
cblr-5121	218	24	with	with	ADP
cblr-5121	218	25	capital	capital	NOUN
cblr-5121	218	26	and	and	CCONJ
cblr-5121	218	27	surplus	surplus	NOUN
cblr-5121	218	28	of	of	ADP
cblr-5121	218	29	more	more	ADJ
cblr-5121	218	30	than	than	ADP
cblr-5121	218	31	$	$	SYM
cblr-5121	218	32	2	2	NUM
cblr-5121	218	33	billion	billion	NUM
cblr-5121	218	34	,	,	PUNCT
cblr-5121	218	35	banks	bank	NOUN
cblr-5121	218	36	with	with	ADP
cblr-5121	218	37	capital	capital	NOUN
cblr-5121	218	38	and	and	CCONJ
cblr-5121	218	39	surplus	surplus	NOUN
cblr-5121	218	40	of	of	ADP
cblr-5121	218	41	$	$	SYM
cblr-5121	218	42	40	40	NUM
cblr-5121	218	43	million	million	NUM
cblr-5121	218	44	to	to	PART
cblr-5121	218	45	$	$	SYM
cblr-5121	218	46	2	2	NUM
cblr-5121	218	47	billion	billion	NUM
cblr-5121	218	48	,	,	PUNCT
cblr-5121	218	49	and	and	CCONJ
cblr-5121	218	50	banks	bank	NOUN
cblr-5121	218	51	with	with	ADP
cblr-5121	218	52	capital	capital	NOUN
cblr-5121	218	53	and	and	CCONJ
cblr-5121	218	54	surplus	surplus	NOUN
cblr-5121	218	55	of	of	ADP
cblr-5121	218	56	less	less	ADJ
cblr-5121	218	57	than	than	ADP
cblr-5121	218	58	$	$	SYM
cblr-5121	218	59	40	40	NUM
cblr-5121	218	60	million	million	NUM
cblr-5121	218	61	.	.	PUNCT
cblr-5121	219	1	letter	letter	NOUN
cblr-5121	219	2	from	from	ADP
cblr-5121	219	3	the	the	DET
cblr-5121	219	4	fed	fed	PROPN
cblr-5121	219	5	.	.	PUNCT
cblr-5121	220	1	reserve	reserve	PROPN
cblr-5121	220	2	bank	bank	PROPN
cblr-5121	220	3	of	of	ADP
cblr-5121	220	4	n.y	n.y	PROPN
cblr-5121	220	5	.	.	PROPN
cblr-5121	221	1	to	to	PART
cblr-5121	221	2	member	member	NOUN
cblr-5121	221	3	banks	bank	NOUN
cblr-5121	221	4	of	of	ADP
cblr-5121	221	5	the	the	DET
cblr-5121	221	6	second	second	ADJ
cblr-5121	221	7	fed	fed	PROPN
cblr-5121	221	8	.	.	PUNCT
cblr-5121	221	9	reserve	reserve	PROPN
cblr-5121	221	10	dist	dist	NOUN
cblr-5121	221	11	.	.	PUNCT
cblr-5121	222	1	(	(	PUNCT
cblr-5121	222	2	october	october	PROPN
cblr-5121	222	3	2	2	NUM
cblr-5121	222	4	,	,	PUNCT
cblr-5121	222	5	2018	2018	NUM
cblr-5121	222	6	)	)	PUNCT
cblr-5121	222	7	(	(	PUNCT
cblr-5121	222	8	available	available	ADJ
cblr-5121	222	9	at	at	ADP
cblr-5121	222	10	https://www.newyorkfed.org/medialibrary/media/banking/circulars/class1n	https://www.newyorkfed.org/medialibrary/media/banking/circulars/class1n	PROPN
cblr-5121	222	11	omination-1018.pdf	omination-1018.pdf	PROPN
cblr-5121	223	1	[	[	X
cblr-5121	223	2	https://perma.cc/d5kx-t2c9	https://perma.cc/d5kx-t2c9	X
cblr-5121	223	3	]	]	X
cblr-5121	223	4	)	)	PUNCT
cblr-5121	223	5	.	.	PUNCT
cblr-5121	224	1	54	54	NUM
cblr-5121	224	2	12	12	NUM
cblr-5121	224	3	u.s.c	u.s.c	NOUN
cblr-5121	224	4	.	.	PUNCT
cblr-5121	225	1	§	§	PROPN
cblr-5121	225	2	§	§	PROPN
cblr-5121	225	3	302–303	302–303	NUM
cblr-5121	225	4	(	(	PUNCT
cblr-5121	225	5	2012	2012	NUM
cblr-5121	225	6	)	)	PUNCT
cblr-5121	225	7	.	.	PUNCT
cblr-5121	226	1	for	for	ADP
cblr-5121	226	2	example	example	NOUN
cblr-5121	226	3	,	,	PUNCT
cblr-5121	226	4	the	the	DET
cblr-5121	226	5	current	current	ADJ
cblr-5121	226	6	class	class	NOUN
cblr-5121	226	7	a	a	DET
cblr-5121	226	8	directors	director	NOUN
cblr-5121	226	9	of	of	ADP
cblr-5121	226	10	the	the	DET
cblr-5121	226	11	new	new	PROPN
cblr-5121	226	12	york	york	PROPN
cblr-5121	226	13	fed	fed	PROPN
cblr-5121	226	14	are	be	AUX
cblr-5121	226	15	the	the	DET
cblr-5121	226	16	chairman	chairman	NOUN
cblr-5121	226	17	and	and	CCONJ
cblr-5121	226	18	ceo	ceo	PROPN
cblr-5121	226	19	of	of	ADP
cblr-5121	226	20	morgan	morgan	PROPN
cblr-5121	226	21	stanley	stanley	PROPN
cblr-5121	226	22	,	,	PUNCT
cblr-5121	226	23	the	the	DET
cblr-5121	226	24	chairman	chairman	NOUN
cblr-5121	226	25	of	of	ADP
cblr-5121	226	26	valley	valley	PROPN
cblr-5121	226	27	national	national	PROPN
cblr-5121	226	28	bank	bank	PROPN
cblr-5121	226	29	,	,	PUNCT
cblr-5121	226	30	and	and	CCONJ
cblr-5121	226	31	the	the	DET
cblr-5121	226	32	president	president	NOUN
cblr-5121	226	33	and	and	CCONJ
cblr-5121	226	34	ceo	ceo	PROPN
cblr-5121	226	35	of	of	ADP
cblr-5121	226	36	solvay	solvay	PROPN
cblr-5121	226	37	bank	bank	PROPN
cblr-5121	226	38	.	.	PUNCT
cblr-5121	227	1	board	board	PROPN
cblr-5121	227	2	of	of	ADP
cblr-5121	227	3	directors	director	NOUN
cblr-5121	227	4	,	,	PUNCT
cblr-5121	227	5	fed	fed	PROPN
cblr-5121	227	6	.	.	PUNCT
cblr-5121	228	1	res	res	PROPN
cblr-5121	228	2	.	.	PUNCT
cblr-5121	229	1	bank	bank	PROPN
cblr-5121	229	2	n.y	n.y	PROPN
cblr-5121	229	3	.	.	PROPN
cblr-5121	229	4	(	(	PUNCT
cblr-5121	229	5	sept	sept	PROPN
cblr-5121	229	6	.	.	PROPN
cblr-5121	229	7	13	13	NUM
cblr-5121	229	8	,	,	PUNCT
cblr-5121	229	9	2019	2019	NUM
cblr-5121	229	10	)	)	PUNCT
cblr-5121	229	11	,	,	PUNCT
cblr-5121	229	12	https://www.newyorkfed.org/aboutthefed/org_nydirectors.html	https://www.newyorkfed.org/aboutthefed/org_nydirectors.html	PROPN
cblr-5121	230	1	[	[	X
cblr-5121	230	2	https://perma.cc/pp8j-u3gy	https://perma.cc/pp8j-u3gy	X
cblr-5121	230	3	]	]	X
cblr-5121	230	4	.	.	PUNCT
cblr-5121	231	1	55	55	NUM
cblr-5121	231	2	12	12	NUM
cblr-5121	231	3	u.s.c	u.s.c	NOUN
cblr-5121	231	4	.	.	PUNCT
cblr-5121	232	1	§	§	PROPN
cblr-5121	232	2	§	§	PROPN
cblr-5121	232	3	302–303	302–303	NUM
cblr-5121	232	4	.	.	PUNCT
cblr-5121	233	1	the	the	DET
cblr-5121	233	2	public	public	ADJ
cblr-5121	233	3	interests	interest	NOUN
cblr-5121	233	4	represented	represent	VERB
cblr-5121	233	5	include	include	VERB
cblr-5121	233	6	“	"	PUNCT
cblr-5121	233	7	agriculture	agriculture	NOUN
cblr-5121	233	8	,	,	PUNCT
cblr-5121	233	9	commerce	commerce	NOUN
cblr-5121	233	10	,	,	PUNCT
cblr-5121	233	11	industry	industry	NOUN
cblr-5121	233	12	,	,	PUNCT
cblr-5121	233	13	services	service	NOUN
cblr-5121	233	14	,	,	PUNCT
cblr-5121	233	15	labor	labor	NOUN
cblr-5121	233	16	,	,	PUNCT
cblr-5121	233	17	and	and	CCONJ
cblr-5121	233	18	consumers	consumer	NOUN
cblr-5121	233	19	.	.	PUNCT
cblr-5121	233	20	”	"	PUNCT
cblr-5121	234	1	i	i	PRON
cblr-5121	234	2	d.	d.	PROPN
cblr-5121	234	3	§	§	PROPN
cblr-5121	234	4	302	302	NUM
cblr-5121	234	5	.	.	PUNCT
cblr-5121	235	1	the	the	DET
cblr-5121	235	2	current	current	ADJ
cblr-5121	235	3	class	class	NOUN
cblr-5121	235	4	b	b	PROPN
cblr-5121	235	5	directors	director	NOUN
cblr-5121	235	6	of	of	ADP
cblr-5121	235	7	the	the	DET
cblr-5121	235	8	new	new	PROPN
cblr-5121	235	9	york	york	PROPN
cblr-5121	235	10	fed	fed	PROPN
cblr-5121	235	11	are	be	AUX
cblr-5121	235	12	the	the	DET
cblr-5121	235	13	chairman	chairman	NOUN
cblr-5121	235	14	and	and	CCONJ
cblr-5121	235	15	co	co	NOUN
cblr-5121	235	16	-	-	NOUN
cblr-5121	235	17	founder	founder	NOUN
cblr-5121	235	18	of	of	ADP
cblr-5121	235	19	two	two	NUM
cblr-5121	235	20	private	private	ADJ
cblr-5121	235	21	equity	equity	NOUN
cblr-5121	235	22	funds	fund	NOUN
cblr-5121	235	23	,	,	PUNCT
cblr-5121	235	24	the	the	DET
cblr-5121	235	25	ceo	ceo	NOUN
cblr-5121	235	26	of	of	ADP
cblr-5121	235	27	infor	infor	PROPN
cblr-5121	235	28	,	,	PUNCT
cblr-5121	235	29	a	a	DET
cblr-5121	235	30	cloud	cloud	NOUN
cblr-5121	235	31	computing	compute	VERB
cblr-5121	235	32	company	company	NOUN
cblr-5121	235	33	,	,	PUNCT
cblr-5121	235	34	and	and	CCONJ
cblr-5121	235	35	the	the	DET
cblr-5121	235	36	president	president	NOUN
cblr-5121	235	37	and	and	CCONJ
cblr-5121	235	38	ceo	ceo	NOUN
cblr-5121	235	39	of	of	ADP
cblr-5121	235	40	nasdaq	nasdaq	PROPN
cblr-5121	235	41	.	.	PUNCT
cblr-5121	236	1	board	board	PROPN
cblr-5121	236	2	of	of	ADP
cblr-5121	236	3	directors	director	NOUN
cblr-5121	236	4	,	,	PUNCT
cblr-5121	236	5	supra	supra	PROPN
cblr-5121	236	6	note	note	NOUN
cblr-5121	236	7	54	54	NUM
cblr-5121	236	8	.	.	PUNCT
cblr-5121	237	1	56	56	NUM
cblr-5121	237	2	12	12	NUM
cblr-5121	237	3	u.s.c	u.s.c	NOUN
cblr-5121	237	4	.	.	PUNCT
cblr-5121	238	1	§	§	PROPN
cblr-5121	238	2	302	302	NUM
cblr-5121	238	3	.	.	PUNCT
cblr-5121	239	1	the	the	DET
cblr-5121	239	2	class	class	NOUN
cblr-5121	239	3	c	c	NOUN
cblr-5121	239	4	directors	director	NOUN
cblr-5121	239	5	of	of	ADP
cblr-5121	239	6	the	the	DET
cblr-5121	239	7	new	new	PROPN
cblr-5121	239	8	york	york	PROPN
cblr-5121	239	9	fed	fed	PROPN
cblr-5121	239	10	are	be	AUX
cblr-5121	239	11	a	a	DET
cblr-5121	239	12	union	union	NOUN
cblr-5121	239	13	executive	executive	ADJ
cblr-5121	239	14	officer	officer	NOUN
cblr-5121	239	15	,	,	PUNCT
cblr-5121	239	16	a	a	DET
cblr-5121	239	17	community	community	NOUN
cblr-5121	239	18	investment	investment	NOUN
cblr-5121	239	19	corporation	corporation	NOUN
cblr-5121	239	20	,	,	PUNCT
cblr-5121	239	21	and	and	CCONJ
cblr-5121	239	22	a	a	DET
cblr-5121	239	23	lowincome	lowincome	NOUN
cblr-5121	239	24	health	health	NOUN
cblr-5121	239	25	and	and	CCONJ
cblr-5121	239	26	housing	housing	NOUN
cblr-5121	239	27	services	service	NOUN
cblr-5121	239	28	provider	provider	NOUN
cblr-5121	239	29	.	.	PUNCT
cblr-5121	240	1	board	board	NOUN
cblr-5121	240	2	of	of	ADP
cblr-5121	240	3	directors	director	NOUN
cblr-5121	240	4	,	,	PUNCT
cblr-5121	240	5	supra	supra	PROPN
cblr-5121	240	6	note	note	NOUN
cblr-5121	240	7	54	54	NUM
cblr-5121	240	8	.	.	PUNCT
cblr-5121	240	9	57	57	NUM
cblr-5121	240	10	12	12	NUM
cblr-5121	240	11	u.s.c	u.s.c	NOUN
cblr-5121	240	12	.	.	PUNCT
cblr-5121	241	1	§	§	PROPN
cblr-5121	241	2	301	301	NUM
cblr-5121	241	3	.	.	PUNCT
cblr-5121	242	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	242	2	(	(	PUNCT
cblr-5121	242	3	do	do	AUX
cblr-5121	242	4	not	not	PART
cblr-5121	242	5	delete	delete	VERB
cblr-5121	242	6	)	)	PUNCT
cblr-5121	242	7	1/3/2020	1/3/2020	NUM
cblr-5121	242	8	4:04	4:04	NUM
cblr-5121	242	9	pm	pm	NOUN
cblr-5121	242	10	no	no	NOUN
cblr-5121	242	11	.	.	PUNCT
cblr-5121	243	1	3:1123	3:1123	NUM
cblr-5121	243	2	]	]	PUNCT
cblr-5121	243	3	insider	insider	NOUN
cblr-5121	243	4	interest	interest	NOUN
cblr-5121	243	5	,	,	PUNCT
cblr-5121	243	6	not	not	PART
cblr-5121	243	7	industry	industry	NOUN
cblr-5121	243	8	influence	influence	NOUN
cblr-5121	243	9	1137	1137	NUM
cblr-5121	243	10	directors	director	NOUN
cblr-5121	243	11	select	select	VERB
cblr-5121	243	12	the	the	DET
cblr-5121	243	13	presidents	president	NOUN
cblr-5121	243	14	and	and	CCONJ
cblr-5121	243	15	first	first	ADJ
cblr-5121	243	16	vice	vice	NOUN
cblr-5121	243	17	presidents	president	NOUN
cblr-5121	243	18	of	of	ADP
cblr-5121	243	19	the	the	DET
cblr-5121	243	20	reserve	reserve	NOUN
cblr-5121	243	21	banks	bank	NOUN
cblr-5121	243	22	to	to	ADP
cblr-5121	243	23	five	five	NUM
cblr-5121	243	24	-	-	PUNCT
cblr-5121	243	25	year	year	NOUN
cblr-5121	243	26	terms.58	terms.58	NOUN
cblr-5121	243	27	until	until	ADP
cblr-5121	243	28	the	the	DET
cblr-5121	243	29	passing	passing	NOUN
cblr-5121	243	30	of	of	ADP
cblr-5121	243	31	the	the	DET
cblr-5121	243	32	dodd	dodd	PROPN
cblr-5121	243	33	-	-	PUNCT
cblr-5121	243	34	frank	frank	PROPN
cblr-5121	243	35	act	act	PROPN
cblr-5121	243	36	,	,	PUNCT
cblr-5121	243	37	the	the	DET
cblr-5121	243	38	entire	entire	ADJ
cblr-5121	243	39	nine	nine	NUM
cblr-5121	243	40	-	-	PUNCT
cblr-5121	243	41	member	member	NOUN
cblr-5121	243	42	board	board	NOUN
cblr-5121	243	43	selected	select	VERB
cblr-5121	243	44	the	the	DET
cblr-5121	243	45	president.59	president.59	NOUN
cblr-5121	243	46	currently	currently	ADV
cblr-5121	243	47	,	,	PUNCT
cblr-5121	243	48	however	however	ADV
cblr-5121	243	49	,	,	PUNCT
cblr-5121	243	50	only	only	ADV
cblr-5121	243	51	the	the	DET
cblr-5121	243	52	representatives	representative	NOUN
cblr-5121	243	53	of	of	ADP
cblr-5121	243	54	public	public	ADJ
cblr-5121	243	55	interests	interest	NOUN
cblr-5121	243	56	in	in	ADP
cblr-5121	243	57	the	the	DET
cblr-5121	243	58	districts	district	NOUN
cblr-5121	243	59	,	,	PUNCT
cblr-5121	243	60	class	class	NOUN
cblr-5121	243	61	b	b	PROPN
cblr-5121	243	62	and	and	CCONJ
cblr-5121	243	63	c	c	PROPN
cblr-5121	243	64	directors	director	NOUN
cblr-5121	243	65	,	,	PUNCT
cblr-5121	243	66	play	play	VERB
cblr-5121	243	67	a	a	DET
cblr-5121	243	68	role	role	NOUN
cblr-5121	243	69	in	in	ADP
cblr-5121	243	70	the	the	DET
cblr-5121	243	71	appointment	appointment	NOUN
cblr-5121	243	72	of	of	ADP
cblr-5121	243	73	a	a	DET
cblr-5121	243	74	reserve	reserve	PROPN
cblr-5121	243	75	bank	bank	PROPN
cblr-5121	243	76	’s	’s	PART
cblr-5121	243	77	president.60	president.60	PROPN
cblr-5121	243	78	to	to	PART
cblr-5121	243	79	further	far	ADV
cblr-5121	243	80	safeguard	safeguard	VERB
cblr-5121	243	81	against	against	ADP
cblr-5121	243	82	the	the	DET
cblr-5121	243	83	potential	potential	ADJ
cblr-5121	243	84	conflicts	conflict	NOUN
cblr-5121	243	85	arising	arise	VERB
cblr-5121	243	86	from	from	ADP
cblr-5121	243	87	representatives	representative	NOUN
cblr-5121	243	88	of	of	ADP
cblr-5121	243	89	supervised	supervised	ADJ
cblr-5121	243	90	entities	entity	NOUN
cblr-5121	243	91	appointing	appoint	VERB
cblr-5121	243	92	reserve	reserve	PROPN
cblr-5121	243	93	bank	bank	PROPN
cblr-5121	243	94	staff	staff	PROPN
cblr-5121	243	95	,	,	PUNCT
cblr-5121	243	96	reserve	reserve	PROPN
cblr-5121	243	97	bank	bank	NOUN
cblr-5121	243	98	-	-	PUNCT
cblr-5121	243	99	specific	specific	ADJ
cblr-5121	243	100	bylaws	bylaw	NOUN
cblr-5121	243	101	prevent	prevent	VERB
cblr-5121	243	102	directors	director	NOUN
cblr-5121	243	103	affiliated	affiliate	VERB
cblr-5121	243	104	with	with	ADP
cblr-5121	243	105	thrift	thrift	NOUN
cblr-5121	243	106	institutions	institution	NOUN
cblr-5121	243	107	from	from	ADP
cblr-5121	243	108	selecting	select	VERB
cblr-5121	243	109	the	the	DET
cblr-5121	243	110	bank	bank	NOUN
cblr-5121	243	111	presidents.61	presidents.61	NOUN
cblr-5121	243	112	after	after	SCONJ
cblr-5121	243	113	the	the	DET
cblr-5121	243	114	boards	board	NOUN
cblr-5121	243	115	of	of	ADP
cblr-5121	243	116	directors	director	NOUN
cblr-5121	243	117	make	make	VERB
cblr-5121	243	118	an	an	DET
cblr-5121	243	119	initial	initial	ADJ
cblr-5121	243	120	candidate	candidate	NOUN
cblr-5121	243	121	selection	selection	NOUN
cblr-5121	243	122	,	,	PUNCT
cblr-5121	243	123	the	the	DET
cblr-5121	243	124	board	board	NOUN
cblr-5121	243	125	of	of	ADP
cblr-5121	243	126	governors	governor	NOUN
cblr-5121	243	127	of	of	ADP
cblr-5121	243	128	the	the	DET
cblr-5121	243	129	federal	federal	PROPN
cblr-5121	243	130	reserve	reserve	NOUN
cblr-5121	243	131	system	system	NOUN
cblr-5121	243	132	renders	render	VERB
cblr-5121	243	133	the	the	DET
cblr-5121	243	134	ultimate	ultimate	ADJ
cblr-5121	243	135	decision	decision	NOUN
cblr-5121	243	136	on	on	ADP
cblr-5121	243	137	the	the	DET
cblr-5121	243	138	choice.62	choice.62	NOUN
cblr-5121	243	139	in	in	ADP
cblr-5121	243	140	addition	addition	NOUN
cblr-5121	243	141	to	to	ADP
cblr-5121	243	142	their	their	PRON
cblr-5121	243	143	power	power	NOUN
cblr-5121	243	144	to	to	PART
cblr-5121	243	145	select	select	VERB
cblr-5121	243	146	the	the	DET
cblr-5121	243	147	reserve	reserve	PROPN
cblr-5121	243	148	bank	bank	PROPN
cblr-5121	243	149	presidents	president	NOUN
cblr-5121	243	150	,	,	PUNCT
cblr-5121	243	151	boards	board	NOUN
cblr-5121	243	152	of	of	ADP
cblr-5121	243	153	directors	director	NOUN
cblr-5121	243	154	are	be	AUX
cblr-5121	243	155	also	also	ADV
cblr-5121	243	156	empowered	empower	VERB
cblr-5121	243	157	to	to	PART
cblr-5121	243	158	fire	fire	VERB
cblr-5121	243	159	their	their	PRON
cblr-5121	243	160	presidents	president	NOUN
cblr-5121	243	161	without	without	ADP
cblr-5121	243	162	cause.63	cause.63	NOUN
cblr-5121	243	163	due	due	ADP
cblr-5121	243	164	to	to	ADP
cblr-5121	243	165	their	their	PRON
cblr-5121	243	166	authority	authority	NOUN
cblr-5121	243	167	to	to	AUX
cblr-5121	243	168	both	both	CCONJ
cblr-5121	243	169	select	select	VERB
cblr-5121	243	170	and	and	CCONJ
cblr-5121	243	171	remove	remove	VERB
cblr-5121	243	172	the	the	DET
cblr-5121	243	173	reserve	reserve	PROPN
cblr-5121	243	174	bank	bank	PROPN
cblr-5121	243	175	presidents	president	NOUN
cblr-5121	243	176	,	,	PUNCT
cblr-5121	243	177	the	the	DET
cblr-5121	243	178	powers	power	NOUN
cblr-5121	243	179	of	of	ADP
cblr-5121	243	180	the	the	DET
cblr-5121	243	181	boards	board	NOUN
cblr-5121	243	182	of	of	ADP
cblr-5121	243	183	directors	director	NOUN
cblr-5121	243	184	have	have	AUX
cblr-5121	243	185	engendered	engender	VERB
cblr-5121	243	186	serious	serious	ADJ
cblr-5121	243	187	constitutional	constitutional	ADJ
cblr-5121	243	188	and	and	CCONJ
cblr-5121	243	189	practical	practical	ADJ
cblr-5121	243	190	concerns	concern	NOUN
cblr-5121	243	191	about	about	ADP
cblr-5121	243	192	the	the	DET
cblr-5121	243	193	federal	federal	PROPN
cblr-5121	243	194	reserve	reserve	PROPN
cblr-5121	243	195	system	system	PROPN
cblr-5121	243	196	’s	’s	PART
cblr-5121	243	197	governance	governance	NOUN
cblr-5121	243	198	structure.64	structure.64	NOUN
cblr-5121	243	199	along	along	ADP
cblr-5121	243	200	with	with	ADP
cblr-5121	243	201	their	their	PRON
cblr-5121	243	202	authority	authority	NOUN
cblr-5121	243	203	to	to	PART
cblr-5121	243	204	select	select	VERB
cblr-5121	243	205	and	and	CCONJ
cblr-5121	243	206	remove	remove	VERB
cblr-5121	243	207	the	the	DET
cblr-5121	243	208	presidents	president	NOUN
cblr-5121	243	209	of	of	ADP
cblr-5121	243	210	the	the	DET
cblr-5121	243	211	reserve	reserve	NOUN
cblr-5121	243	212	banks	bank	NOUN
cblr-5121	243	213	,	,	PUNCT
cblr-5121	243	214	the	the	DET
cblr-5121	243	215	reserve	reserve	NOUN
cblr-5121	243	216	banks	bank	NOUN
cblr-5121	243	217	’	'	PUNCT
cblr-5121	243	218	boards	board	NOUN
cblr-5121	243	219	of	of	ADP
cblr-5121	243	220	directors	director	NOUN
cblr-5121	243	221	play	play	VERB
cblr-5121	243	222	a	a	DET
cblr-5121	243	223	number	number	NOUN
cblr-5121	243	224	of	of	ADP
cblr-5121	243	225	other	other	ADJ
cblr-5121	243	226	formal	formal	ADJ
cblr-5121	243	227	and	and	CCONJ
cblr-5121	243	228	informal	informal	ADJ
cblr-5121	243	229	governance	governance	NOUN
cblr-5121	243	230	roles	role	NOUN
cblr-5121	243	231	.	.	PUNCT
cblr-5121	244	1	true	true	ADJ
cblr-5121	244	2	to	to	ADP
cblr-5121	244	3	their	their	PRON
cblr-5121	244	4	corporate	corporate	ADJ
cblr-5121	244	5	form	form	NOUN
cblr-5121	244	6	,	,	PUNCT
cblr-5121	244	7	reserve	reserve	PROPN
cblr-5121	244	8	bank	bank	PROPN
cblr-5121	244	9	directors	director	NOUN
cblr-5121	244	10	nominally	nominally	ADV
cblr-5121	244	11	oversee	oversee	VERB
cblr-5121	244	12	reserve	reserve	PROPN
cblr-5121	244	13	bank	bank	PROPN
cblr-5121	244	14	operations	operation	NOUN
cblr-5121	244	15	and	and	CCONJ
cblr-5121	244	16	58	58	NUM
cblr-5121	245	1	i	i	PROPN
cblr-5121	245	2	d.	d.	PROPN
cblr-5121	245	3	§	§	PROPN
cblr-5121	245	4	341	341	NUM
cblr-5121	245	5	.	.	NUM
cblr-5121	245	6	59	59	NUM
cblr-5121	245	7	the	the	DET
cblr-5121	245	8	dodd	dodd	PROPN
cblr-5121	245	9	-	-	PUNCT
cblr-5121	245	10	frank	frank	PROPN
cblr-5121	245	11	act	act	PROPN
cblr-5121	245	12	eliminated	eliminate	VERB
cblr-5121	245	13	the	the	DET
cblr-5121	245	14	role	role	NOUN
cblr-5121	245	15	of	of	ADP
cblr-5121	245	16	class	class	NOUN
cblr-5121	245	17	a	a	DET
cblr-5121	245	18	directors	director	NOUN
cblr-5121	245	19	in	in	ADP
cblr-5121	245	20	selecting	select	VERB
cblr-5121	245	21	reserve	reserve	NOUN
cblr-5121	245	22	bank	bank	NOUN
cblr-5121	245	23	presidents	president	NOUN
cblr-5121	245	24	.	.	PUNCT
cblr-5121	246	1	see	see	VERB
cblr-5121	246	2	pub	pub	NOUN
cblr-5121	246	3	.	.	PUNCT
cblr-5121	247	1	l.	l.	PROPN
cblr-5121	247	2	no	no	INTJ
cblr-5121	247	3	.	.	PROPN
cblr-5121	248	1	111	111	NUM
cblr-5121	248	2	-	-	SYM
cblr-5121	248	3	203	203	NUM
cblr-5121	248	4	,	,	PUNCT
cblr-5121	248	5	§	§	PROPN
cblr-5121	248	6	1107	1107	NUM
cblr-5121	248	7	,	,	PUNCT
cblr-5121	248	8	124	124	NUM
cblr-5121	248	9	stat	stat	NOUN
cblr-5121	248	10	.	.	PUNCT
cblr-5121	249	1	1376	1376	NUM
cblr-5121	249	2	,	,	PUNCT
cblr-5121	249	3	2126	2126	NUM
cblr-5121	249	4	(	(	PUNCT
cblr-5121	249	5	codified	codify	VERB
cblr-5121	249	6	at	at	ADP
cblr-5121	249	7	12	12	NUM
cblr-5121	249	8	u.s.c	u.s.c	NOUN
cblr-5121	249	9	.	.	PUNCT
cblr-5121	250	1	§	§	PROPN
cblr-5121	250	2	341	341	NUM
cblr-5121	250	3	(	(	PUNCT
cblr-5121	250	4	2012	2012	NUM
cblr-5121	250	5	)	)	PUNCT
cblr-5121	250	6	)	)	PUNCT
cblr-5121	250	7	.	.	PUNCT
cblr-5121	251	1	60	60	NUM
cblr-5121	252	1	i	i	PRON
cblr-5121	252	2	d.	d.	PROPN
cblr-5121	252	3	61	61	NUM
cblr-5121	252	4	see	see	VERB
cblr-5121	252	5	,	,	PUNCT
cblr-5121	252	6	e.g.	e.g.	ADV
cblr-5121	252	7	,	,	PUNCT
cblr-5121	252	8	fed	fed	PROPN
cblr-5121	252	9	.	.	PROPN
cblr-5121	252	10	reserve	reserve	PROPN
cblr-5121	252	11	bank	bank	PROPN
cblr-5121	252	12	of	of	ADP
cblr-5121	252	13	n.y	n.y	PROPN
cblr-5121	252	14	.	.	PROPN
cblr-5121	252	15	,	,	PUNCT
cblr-5121	252	16	bylaws	bylaw	NOUN
cblr-5121	252	17	,	,	PUNCT
cblr-5121	252	18	art	art	NOUN
cblr-5121	252	19	.	.	PUNCT
cblr-5121	253	1	i	i	PRON
cblr-5121	253	2	§	§	VERB
cblr-5121	253	3	5	5	NUM
cblr-5121	253	4	(	(	PUNCT
cblr-5121	253	5	2018	2018	NUM
cblr-5121	253	6	)	)	PUNCT
cblr-5121	253	7	;	;	PUNCT
cblr-5121	253	8	fed	fed	PROPN
cblr-5121	253	9	.	.	PROPN
cblr-5121	253	10	reserve	reserve	PROPN
cblr-5121	253	11	bank	bank	PROPN
cblr-5121	253	12	of	of	ADP
cblr-5121	253	13	chi	chi	PROPN
cblr-5121	253	14	.	.	PUNCT
cblr-5121	253	15	,	,	PUNCT
cblr-5121	253	16	bylaws	bylaw	NOUN
cblr-5121	253	17	of	of	ADP
cblr-5121	253	18	the	the	DET
cblr-5121	253	19	federal	federal	PROPN
cblr-5121	253	20	reserve	reserve	PROPN
cblr-5121	253	21	bank	bank	PROPN
cblr-5121	253	22	of	of	ADP
cblr-5121	253	23	chicago	chicago	PROPN
cblr-5121	253	24	art	art	NOUN
cblr-5121	253	25	.	.	PUNCT
cblr-5121	254	1	ix	ix	ADP
cblr-5121	254	2	§	§	PROPN
cblr-5121	254	3	1	1	NUM
cblr-5121	254	4	(	(	PUNCT
cblr-5121	254	5	2016	2016	NUM
cblr-5121	254	6	)	)	PUNCT
cblr-5121	254	7	.	.	PUNCT
cblr-5121	255	1	62	62	NUM
cblr-5121	255	2	12	12	NUM
cblr-5121	255	3	u.s.c	u.s.c	NOUN
cblr-5121	255	4	.	.	PUNCT
cblr-5121	256	1	§	§	PROPN
cblr-5121	256	2	341	341	NUM
cblr-5121	256	3	.	.	NUM
cblr-5121	256	4	63	63	NUM
cblr-5121	257	1	i	i	PRON
cblr-5121	257	2	d.	d.	PROPN
cblr-5121	257	3	64	64	NUM
cblr-5121	257	4	see	see	VERB
cblr-5121	257	5	infra	infra	NOUN
cblr-5121	257	6	section	section	NOUN
cblr-5121	257	7	iv.a	iv.a	VERB
cblr-5121	257	8	.	.	PUNCT
cblr-5121	258	1	by	by	ADP
cblr-5121	258	2	contrast	contrast	NOUN
cblr-5121	258	3	,	,	PUNCT
cblr-5121	258	4	the	the	DET
cblr-5121	258	5	other	other	ADJ
cblr-5121	258	6	responsibilities	responsibility	NOUN
cblr-5121	258	7	of	of	ADP
cblr-5121	258	8	reserve	reserve	PROPN
cblr-5121	258	9	bank	bank	PROPN
cblr-5121	258	10	boards	board	NOUN
cblr-5121	258	11	of	of	ADP
cblr-5121	258	12	directors	director	NOUN
cblr-5121	258	13	raise	raise	VERB
cblr-5121	258	14	fewer	few	ADJ
cblr-5121	258	15	practical	practical	ADJ
cblr-5121	258	16	concerns	concern	NOUN
cblr-5121	258	17	.	.	PUNCT
cblr-5121	259	1	see	see	VERB
cblr-5121	259	2	contibrown	contibrown	PROPN
cblr-5121	259	3	,	,	PUNCT
cblr-5121	259	4	supra	supra	PROPN
cblr-5121	259	5	note	note	NOUN
cblr-5121	259	6	13	13	NUM
cblr-5121	259	7	,	,	PUNCT
cblr-5121	259	8	at	at	ADP
cblr-5121	259	9	105	105	NUM
cblr-5121	259	10	.	.	PUNCT
cblr-5121	260	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	260	2	(	(	PUNCT
cblr-5121	260	3	do	do	AUX
cblr-5121	260	4	not	not	PART
cblr-5121	260	5	delte	delte	VERB
cblr-5121	260	6	)	)	PUNCT
cblr-5121	260	7	1/3/2020	1/3/2020	NUM
cblr-5121	260	8	4:04	4:04	NUM
cblr-5121	260	9	pm	pm	NOUN
cblr-5121	260	10	1138	1138	NUM
cblr-5121	260	11	columbia	columbia	PROPN
cblr-5121	260	12	business	business	PROPN
cblr-5121	260	13	law	law	PROPN
cblr-5121	260	14	review	review	NOUN
cblr-5121	260	15	[	[	X
cblr-5121	260	16	vol	vol	NOUN
cblr-5121	260	17	.	.	NOUN
cblr-5121	260	18	2019	2019	NUM
cblr-5121	260	19	adopt	adopt	VERB
cblr-5121	260	20	bylaws	bylaw	NOUN
cblr-5121	260	21	regulating	regulate	VERB
cblr-5121	260	22	reserve	reserve	PROPN
cblr-5121	260	23	bank	bank	PROPN
cblr-5121	260	24	business.65	business.65	PROPN
cblr-5121	260	25	notably	notably	ADV
cblr-5121	260	26	,	,	PUNCT
cblr-5121	260	27	all	all	DET
cblr-5121	260	28	twelve	twelve	NUM
cblr-5121	260	29	reserve	reserve	NOUN
cblr-5121	260	30	banks	bank	NOUN
cblr-5121	260	31	have	have	AUX
cblr-5121	260	32	voluntarily	voluntarily	ADV
cblr-5121	260	33	limited	limit	VERB
cblr-5121	260	34	the	the	DET
cblr-5121	260	35	involvement	involvement	NOUN
cblr-5121	260	36	of	of	ADP
cblr-5121	260	37	class	class	NOUN
cblr-5121	260	38	a	a	PRON
cblr-5121	260	39	and	and	CCONJ
cblr-5121	260	40	b	b	NOUN
cblr-5121	260	41	directors	director	NOUN
cblr-5121	260	42	in	in	ADP
cblr-5121	260	43	their	their	PRON
cblr-5121	260	44	financial	financial	ADJ
cblr-5121	260	45	supervisory	supervisory	ADJ
cblr-5121	260	46	activities	activity	NOUN
cblr-5121	260	47	,	,	PUNCT
cblr-5121	260	48	adopting	adopt	VERB
cblr-5121	260	49	express	express	ADJ
cblr-5121	260	50	provisions	provision	NOUN
cblr-5121	260	51	in	in	ADP
cblr-5121	260	52	their	their	PRON
cblr-5121	260	53	governing	govern	VERB
cblr-5121	260	54	bylaws	bylaw	NOUN
cblr-5121	260	55	aimed	aim	VERB
cblr-5121	260	56	at	at	ADP
cblr-5121	260	57	“	"	PUNCT
cblr-5121	260	58	minimiz[ing	minimiz[e	VERB
cblr-5121	260	59	]	]	PUNCT
cblr-5121	260	60	the	the	DET
cblr-5121	260	61	risk	risk	NOUN
cblr-5121	260	62	of	of	ADP
cblr-5121	260	63	an	an	DET
cblr-5121	260	64	actual	actual	ADJ
cblr-5121	260	65	or	or	CCONJ
cblr-5121	260	66	perceived	perceive	VERB
cblr-5121	260	67	conflict	conflict	NOUN
cblr-5121	260	68	of	of	ADP
cblr-5121	260	69	interest	interest	NOUN
cblr-5121	260	70	at	at	ADP
cblr-5121	260	71	the	the	DET
cblr-5121	260	72	board	board	NOUN
cblr-5121	260	73	level	level	NOUN
cblr-5121	260	74	.	.	PUNCT
cblr-5121	261	1	”66	”66	NOUN
cblr-5121	261	2	in	in	ADP
cblr-5121	261	3	addition	addition	NOUN
cblr-5121	261	4	,	,	PUNCT
cblr-5121	261	5	the	the	DET
cblr-5121	261	6	federal	federal	PROPN
cblr-5121	261	7	reserve	reserve	PROPN
cblr-5121	261	8	banks	bank	NOUN
cblr-5121	261	9	’	'	PUNCT
cblr-5121	261	10	boards	board	NOUN
cblr-5121	261	11	of	of	ADP
cblr-5121	261	12	directors	director	NOUN
cblr-5121	261	13	establish	establish	VERB
cblr-5121	261	14	their	their	PRON
cblr-5121	261	15	own	own	ADJ
cblr-5121	261	16	discount	discount	NOUN
cblr-5121	261	17	rate	rate	NOUN
cblr-5121	261	18	—	—	PUNCT
cblr-5121	261	19	the	the	DET
cblr-5121	261	20	interest	interest	NOUN
cblr-5121	261	21	rate	rate	NOUN
cblr-5121	261	22	on	on	ADP
cblr-5121	261	23	federal	federal	PROPN
cblr-5121	261	24	reserve	reserve	NOUN
cblr-5121	261	25	loans	loan	NOUN
cblr-5121	261	26	they	they	PRON
cblr-5121	261	27	issue	issue	VERB
cblr-5121	261	28	—	—	PUNCT
cblr-5121	261	29	through	through	ADP
cblr-5121	261	30	at	at	ADV
cblr-5121	261	31	least	least	ADJ
cblr-5121	261	32	a	a	DET
cblr-5121	261	33	biweekly	biweekly	ADJ
cblr-5121	261	34	vote	vote	NOUN
cblr-5121	261	35	,	,	PUNCT
cblr-5121	261	36	although	although	SCONJ
cblr-5121	261	37	the	the	DET
cblr-5121	261	38	final	final	ADJ
cblr-5121	261	39	rate	rate	NOUN
cblr-5121	261	40	is	be	AUX
cblr-5121	261	41	reviewed	review	VERB
cblr-5121	261	42	and	and	CCONJ
cblr-5121	261	43	determined	determine	VERB
cblr-5121	261	44	by	by	ADP
cblr-5121	261	45	the	the	DET
cblr-5121	261	46	board	board	NOUN
cblr-5121	261	47	of	of	ADP
cblr-5121	261	48	governors	governor	NOUN
cblr-5121	261	49	and	and	CCONJ
cblr-5121	261	50	is	be	AUX
cblr-5121	261	51	uniform	uniform	ADJ
cblr-5121	261	52	across	across	ADP
cblr-5121	261	53	the	the	DET
cblr-5121	261	54	federal	federal	PROPN
cblr-5121	261	55	reserve	reserve	PROPN
cblr-5121	261	56	system.67	system.67	PROPN
cblr-5121	261	57	finally	finally	ADV
cblr-5121	261	58	,	,	PUNCT
cblr-5121	261	59	the	the	DET
cblr-5121	261	60	boards	board	NOUN
cblr-5121	261	61	of	of	ADP
cblr-5121	261	62	directors	director	NOUN
cblr-5121	261	63	serve	serve	VERB
cblr-5121	261	64	an	an	DET
cblr-5121	261	65	65	65	NUM
cblr-5121	261	66	see	see	VERB
cblr-5121	261	67	conti	conti	ADJ
cblr-5121	261	68	-	-	ADJ
cblr-5121	261	69	brown	brown	ADJ
cblr-5121	261	70	,	,	PUNCT
cblr-5121	261	71	supra	supra	PROPN
cblr-5121	261	72	note	note	NOUN
cblr-5121	261	73	13	13	NUM
cblr-5121	261	74	,	,	PUNCT
cblr-5121	261	75	at	at	ADP
cblr-5121	261	76	105	105	NUM
cblr-5121	261	77	.	.	PUNCT
cblr-5121	262	1	as	as	ADP
cblr-5121	262	2	part	part	NOUN
cblr-5121	262	3	of	of	ADP
cblr-5121	262	4	their	their	PRON
cblr-5121	262	5	governance	governance	NOUN
cblr-5121	262	6	responsibilities	responsibility	NOUN
cblr-5121	262	7	,	,	PUNCT
cblr-5121	262	8	the	the	DET
cblr-5121	262	9	regional	regional	ADJ
cblr-5121	262	10	boards	board	NOUN
cblr-5121	262	11	of	of	ADP
cblr-5121	262	12	directors	director	NOUN
cblr-5121	262	13	have	have	AUX
cblr-5121	262	14	established	establish	VERB
cblr-5121	262	15	subjectmatter	subjectmatter	ADJ
cblr-5121	262	16	specific	specific	ADJ
cblr-5121	262	17	committees	committee	NOUN
cblr-5121	262	18	.	.	PUNCT
cblr-5121	263	1	see	see	VERB
cblr-5121	263	2	fed	fed	PROPN
cblr-5121	263	3	.	.	PUNCT
cblr-5121	264	1	reserve	reserve	PROPN
cblr-5121	264	2	bank	bank	PROPN
cblr-5121	264	3	of	of	ADP
cblr-5121	264	4	bos	bos	PROPN
cblr-5121	264	5	.	.	PROPN
cblr-5121	264	6	,	,	PUNCT
cblr-5121	264	7	bylaws	bylaw	NOUN
cblr-5121	264	8	of	of	ADP
cblr-5121	264	9	the	the	DET
cblr-5121	264	10	federal	federal	PROPN
cblr-5121	264	11	reserve	reserve	PROPN
cblr-5121	264	12	bank	bank	PROPN
cblr-5121	264	13	of	of	ADP
cblr-5121	264	14	boston	boston	PROPN
cblr-5121	264	15	art	art	PROPN
cblr-5121	264	16	.	.	PUNCT
cblr-5121	265	1	ii	ii	PROPN
cblr-5121	265	2	§	§	PROPN
cblr-5121	265	3	3	3	NUM
cblr-5121	265	4	-	-	SYM
cblr-5121	265	5	6	6	NUM
cblr-5121	265	6	(	(	PUNCT
cblr-5121	265	7	2017	2017	NUM
cblr-5121	265	8	)	)	PUNCT
cblr-5121	265	9	(	(	PUNCT
cblr-5121	265	10	audit	audit	NOUN
cblr-5121	265	11	committee	committee	NOUN
cblr-5121	265	12	,	,	PUNCT
cblr-5121	265	13	business	business	NOUN
cblr-5121	265	14	commitments	commitment	NOUN
cblr-5121	265	15	and	and	CCONJ
cblr-5121	265	16	performance	performance	NOUN
cblr-5121	265	17	committee	committee	NOUN
cblr-5121	265	18	,	,	PUNCT
cblr-5121	265	19	research	research	NOUN
cblr-5121	265	20	and	and	CCONJ
cblr-5121	265	21	regional	regional	ADJ
cblr-5121	265	22	outreach	outreach	NOUN
cblr-5121	265	23	committee	committee	NOUN
cblr-5121	265	24	,	,	PUNCT
cblr-5121	265	25	nominating	nominating	NOUN
cblr-5121	265	26	and	and	CCONJ
cblr-5121	265	27	governance	governance	NOUN
cblr-5121	265	28	committee	committee	NOUN
cblr-5121	265	29	)	)	PUNCT
cblr-5121	265	30	;	;	PUNCT
cblr-5121	265	31	board	board	NOUN
cblr-5121	265	32	of	of	ADP
cblr-5121	265	33	directors	director	NOUN
cblr-5121	265	34	,	,	PUNCT
cblr-5121	265	35	supra	supra	PROPN
cblr-5121	265	36	note	note	PROPN
cblr-5121	265	37	54	54	NUM
cblr-5121	265	38	(	(	PUNCT
cblr-5121	265	39	nominating	nominating	NOUN
cblr-5121	265	40	and	and	CCONJ
cblr-5121	265	41	corporate	corporate	ADJ
cblr-5121	265	42	governance	governance	NOUN
cblr-5121	265	43	committee	committee	NOUN
cblr-5121	265	44	,	,	PUNCT
cblr-5121	265	45	audit	audit	NOUN
cblr-5121	265	46	and	and	CCONJ
cblr-5121	265	47	risk	risk	NOUN
cblr-5121	265	48	committee	committee	NOUN
cblr-5121	265	49	,	,	PUNCT
cblr-5121	265	50	management	management	NOUN
cblr-5121	265	51	and	and	CCONJ
cblr-5121	265	52	budget	budget	NOUN
cblr-5121	265	53	committee	committee	NOUN
cblr-5121	265	54	)	)	PUNCT
cblr-5121	265	55	.	.	PUNCT
cblr-5121	266	1	boards	board	NOUN
cblr-5121	266	2	also	also	ADV
cblr-5121	266	3	oversee	oversee	VERB
cblr-5121	266	4	internal	internal	ADJ
cblr-5121	266	5	audits	audits	NOUN
cblr-5121	266	6	.	.	PUNCT
cblr-5121	267	1	see	see	VERB
cblr-5121	267	2	i	i	PRON
cblr-5121	267	3	d.	d.	PROPN
cblr-5121	267	4	66	66	NUM
cblr-5121	267	5	board	board	NOUN
cblr-5121	267	6	of	of	ADP
cblr-5121	267	7	directors	director	NOUN
cblr-5121	267	8	,	,	PUNCT
cblr-5121	267	9	supra	supra	PROPN
cblr-5121	267	10	note	note	NOUN
cblr-5121	267	11	54	54	NUM
cblr-5121	267	12	.	.	PUNCT
cblr-5121	268	1	see	see	AUX
cblr-5121	268	2	also	also	ADV
cblr-5121	268	3	fed	fed	PROPN
cblr-5121	268	4	.	.	PUNCT
cblr-5121	269	1	reserve	reserve	PROPN
cblr-5121	269	2	bank	bank	PROPN
cblr-5121	269	3	of	of	ADP
cblr-5121	269	4	dallas	dallas	PROPN
cblr-5121	269	5	,	,	PUNCT
cblr-5121	269	6	bylaws	bylaw	NOUN
cblr-5121	269	7	art	art	NOUN
cblr-5121	269	8	.	.	PUNCT
cblr-5121	270	1	iv	iv	X
cblr-5121	270	2	§	§	PROPN
cblr-5121	270	3	1	1	NUM
cblr-5121	270	4	(	(	PUNCT
cblr-5121	270	5	2016	2016	NUM
cblr-5121	270	6	)	)	PUNCT
cblr-5121	270	7	;	;	PUNCT
cblr-5121	270	8	fed	fed	PROPN
cblr-5121	270	9	.	.	PROPN
cblr-5121	270	10	reserve	reserve	PROPN
cblr-5121	270	11	bank	bank	PROPN
cblr-5121	270	12	of	of	ADP
cblr-5121	270	13	kan	kan	PROPN
cblr-5121	270	14	.	.	PUNCT
cblr-5121	270	15	city	city	PROPN
cblr-5121	270	16	,	,	PUNCT
cblr-5121	270	17	bylaws	bylaw	NOUN
cblr-5121	270	18	art	art	NOUN
cblr-5121	270	19	.	.	PUNCT
cblr-5121	271	1	i	i	PRON
cblr-5121	271	2	§	§	VERB
cblr-5121	271	3	1	1	NUM
cblr-5121	271	4	(	(	PUNCT
cblr-5121	271	5	2017	2017	NUM
cblr-5121	271	6	)	)	PUNCT
cblr-5121	271	7	;	;	PUNCT
cblr-5121	271	8	fed	fed	PROPN
cblr-5121	271	9	.	.	PROPN
cblr-5121	271	10	reserve	reserve	PROPN
cblr-5121	271	11	bank	bank	PROPN
cblr-5121	271	12	of	of	ADP
cblr-5121	271	13	n.y	n.y	PROPN
cblr-5121	271	14	.	.	PROPN
cblr-5121	271	15	,	,	PUNCT
cblr-5121	271	16	bylaws	bylaw	NOUN
cblr-5121	271	17	art	art	NOUN
cblr-5121	271	18	.	.	PUNCT
cblr-5121	272	1	i	i	PRON
cblr-5121	272	2	§	§	VERB
cblr-5121	272	3	5	5	NUM
cblr-5121	272	4	(	(	PUNCT
cblr-5121	272	5	2018	2018	NUM
cblr-5121	272	6	)	)	PUNCT
cblr-5121	272	7	;	;	PUNCT
cblr-5121	272	8	fed	fed	PROPN
cblr-5121	272	9	.	.	PROPN
cblr-5121	272	10	reserve	reserve	PROPN
cblr-5121	272	11	bank	bank	PROPN
cblr-5121	272	12	of	of	ADP
cblr-5121	272	13	phila	phila	PROPN
cblr-5121	272	14	.	.	PUNCT
cblr-5121	273	1	,	,	PUNCT
cblr-5121	273	2	bylaws	bylaw	NOUN
cblr-5121	273	3	art	art	NOUN
cblr-5121	273	4	.	.	PUNCT
cblr-5121	274	1	iii	iii	X
cblr-5121	274	2	§	§	PROPN
cblr-5121	274	3	1	1	NUM
cblr-5121	274	4	(	(	PUNCT
cblr-5121	274	5	2017	2017	NUM
cblr-5121	274	6	)	)	PUNCT
cblr-5121	274	7	;	;	PUNCT
cblr-5121	274	8	fed	fed	PROPN
cblr-5121	274	9	.	.	PROPN
cblr-5121	274	10	reserve	reserve	PROPN
cblr-5121	274	11	bank	bank	PROPN
cblr-5121	274	12	of	of	ADP
cblr-5121	274	13	richmond	richmond	PROPN
cblr-5121	274	14	,	,	PUNCT
cblr-5121	274	15	bylaws	bylaw	NOUN
cblr-5121	274	16	art	art	NOUN
cblr-5121	274	17	.	.	PUNCT
cblr-5121	275	1	i	i	PRON
cblr-5121	275	2	§	§	PROPN
cblr-5121	275	3	1(c	1(c	NUM
cblr-5121	275	4	)	)	PUNCT
cblr-5121	275	5	(	(	PUNCT
cblr-5121	275	6	2018	2018	NUM
cblr-5121	275	7	)	)	PUNCT
cblr-5121	275	8	;	;	PUNCT
cblr-5121	275	9	fed	fed	PROPN
cblr-5121	275	10	.	.	PROPN
cblr-5121	275	11	reserve	reserve	PROPN
cblr-5121	275	12	bank	bank	PROPN
cblr-5121	275	13	of	of	ADP
cblr-5121	275	14	atlanta	atlanta	PROPN
cblr-5121	275	15	,	,	PUNCT
cblr-5121	275	16	by	by	ADP
cblr-5121	275	17	-	-	PUNCT
cblr-5121	275	18	laws	law	NOUN
cblr-5121	275	19	of	of	ADP
cblr-5121	275	20	the	the	DET
cblr-5121	275	21	federal	federal	PROPN
cblr-5121	275	22	reserve	reserve	PROPN
cblr-5121	275	23	bank	bank	PROPN
cblr-5121	275	24	of	of	ADP
cblr-5121	275	25	atlanta	atlanta	PROPN
cblr-5121	275	26	art	art	PROPN
cblr-5121	275	27	.	.	PUNCT
cblr-5121	276	1	ii	ii	PROPN
cblr-5121	276	2	§	§	PROPN
cblr-5121	276	3	1	1	NUM
cblr-5121	276	4	(	(	PUNCT
cblr-5121	276	5	2017	2017	NUM
cblr-5121	276	6	)	)	PUNCT
cblr-5121	276	7	;	;	PUNCT
cblr-5121	276	8	fed	fed	PROPN
cblr-5121	276	9	.	.	PROPN
cblr-5121	276	10	reserve	reserve	PROPN
cblr-5121	276	11	bank	bank	PROPN
cblr-5121	276	12	of	of	ADP
cblr-5121	276	13	bos	bos	PROPN
cblr-5121	276	14	.	.	PROPN
cblr-5121	276	15	,	,	PUNCT
cblr-5121	276	16	bylaws	bylaw	NOUN
cblr-5121	276	17	of	of	ADP
cblr-5121	276	18	the	the	DET
cblr-5121	276	19	federal	federal	PROPN
cblr-5121	276	20	reserve	reserve	PROPN
cblr-5121	276	21	bank	bank	PROPN
cblr-5121	276	22	of	of	ADP
cblr-5121	276	23	boston	boston	PROPN
cblr-5121	276	24	art	art	NOUN
cblr-5121	276	25	.	.	PUNCT
cblr-5121	277	1	i	i	PRON
cblr-5121	277	2	§	§	PROPN
cblr-5121	277	3	2	2	NUM
cblr-5121	277	4	(	(	PUNCT
cblr-5121	277	5	2017	2017	NUM
cblr-5121	277	6	)	)	PUNCT
cblr-5121	277	7	;	;	PUNCT
cblr-5121	277	8	fed	fed	PROPN
cblr-5121	277	9	.	.	PROPN
cblr-5121	277	10	reserve	reserve	PROPN
cblr-5121	277	11	bank	bank	PROPN
cblr-5121	277	12	of	of	ADP
cblr-5121	277	13	chi	chi	PROPN
cblr-5121	277	14	.	.	PUNCT
cblr-5121	277	15	,	,	PUNCT
cblr-5121	277	16	bylaws	bylaw	NOUN
cblr-5121	277	17	of	of	ADP
cblr-5121	277	18	the	the	DET
cblr-5121	277	19	federal	federal	PROPN
cblr-5121	277	20	reserve	reserve	PROPN
cblr-5121	277	21	bank	bank	PROPN
cblr-5121	277	22	of	of	ADP
cblr-5121	277	23	chicago	chicago	PROPN
cblr-5121	277	24	art	art	NOUN
cblr-5121	277	25	.	.	PUNCT
cblr-5121	278	1	i	i	PRON
cblr-5121	278	2	§	§	PROPN
cblr-5121	278	3	2	2	NUM
cblr-5121	278	4	(	(	PUNCT
cblr-5121	278	5	2016	2016	NUM
cblr-5121	278	6	)	)	PUNCT
cblr-5121	278	7	;	;	PUNCT
cblr-5121	278	8	fed	fed	PROPN
cblr-5121	278	9	.	.	PROPN
cblr-5121	278	10	reserve	reserve	PROPN
cblr-5121	278	11	bank	bank	PROPN
cblr-5121	278	12	of	of	ADP
cblr-5121	278	13	cleveland	cleveland	PROPN
cblr-5121	278	14	,	,	PUNCT
cblr-5121	278	15	bylaws	bylaw	NOUN
cblr-5121	278	16	of	of	ADP
cblr-5121	278	17	the	the	DET
cblr-5121	278	18	federal	federal	PROPN
cblr-5121	278	19	reserve	reserve	PROPN
cblr-5121	278	20	bank	bank	PROPN
cblr-5121	278	21	of	of	ADP
cblr-5121	278	22	cleveland	cleveland	PROPN
cblr-5121	278	23	art	art	NOUN
cblr-5121	278	24	.	.	PUNCT
cblr-5121	279	1	i	i	PRON
cblr-5121	279	2	§	§	VERB
cblr-5121	279	3	5	5	NUM
cblr-5121	279	4	(	(	PUNCT
cblr-5121	279	5	2017	2017	NUM
cblr-5121	279	6	)	)	PUNCT
cblr-5121	279	7	;	;	PUNCT
cblr-5121	279	8	fed	fed	PROPN
cblr-5121	279	9	.	.	PROPN
cblr-5121	279	10	reserve	reserve	PROPN
cblr-5121	279	11	bank	bank	PROPN
cblr-5121	279	12	of	of	ADP
cblr-5121	279	13	minneapolis	minneapolis	PROPN
cblr-5121	279	14	,	,	PUNCT
cblr-5121	279	15	bylaws	bylaw	NOUN
cblr-5121	279	16	of	of	ADP
cblr-5121	279	17	the	the	DET
cblr-5121	279	18	federal	federal	PROPN
cblr-5121	279	19	reserve	reserve	PROPN
cblr-5121	279	20	bank	bank	PROPN
cblr-5121	279	21	of	of	ADP
cblr-5121	279	22	minneapolis	minneapolis	PROPN
cblr-5121	279	23	art	art	PROPN
cblr-5121	279	24	.	.	PUNCT
cblr-5121	280	1	ii	ii	PROPN
cblr-5121	280	2	§	§	PROPN
cblr-5121	280	3	3	3	NUM
cblr-5121	280	4	(	(	PUNCT
cblr-5121	280	5	2018	2018	NUM
cblr-5121	280	6	)	)	PUNCT
cblr-5121	280	7	;	;	PUNCT
cblr-5121	280	8	fed	fed	PROPN
cblr-5121	280	9	.	.	PROPN
cblr-5121	280	10	reserve	reserve	PROPN
cblr-5121	280	11	bank	bank	PROPN
cblr-5121	280	12	of	of	ADP
cblr-5121	280	13	s.f	s.f	PROPN
cblr-5121	280	14	.	.	PROPN
cblr-5121	280	15	,	,	PUNCT
cblr-5121	280	16	bylaws	bylaw	NOUN
cblr-5121	280	17	of	of	ADP
cblr-5121	280	18	the	the	DET
cblr-5121	280	19	federal	federal	PROPN
cblr-5121	280	20	reserve	reserve	PROPN
cblr-5121	280	21	bank	bank	PROPN
cblr-5121	280	22	of	of	ADP
cblr-5121	280	23	san	san	PROPN
cblr-5121	280	24	francisco	francisco	PROPN
cblr-5121	280	25	art	art	NOUN
cblr-5121	280	26	.	.	PUNCT
cblr-5121	281	1	i	i	PRON
cblr-5121	281	2	§	§	PROPN
cblr-5121	281	3	2	2	NUM
cblr-5121	281	4	(	(	PUNCT
cblr-5121	281	5	2012	2012	NUM
cblr-5121	281	6	)	)	PUNCT
cblr-5121	281	7	;	;	PUNCT
cblr-5121	281	8	fed	fed	PROPN
cblr-5121	281	9	.	.	PROPN
cblr-5121	281	10	reserve	reserve	PROPN
cblr-5121	281	11	bank	bank	PROPN
cblr-5121	281	12	of	of	ADP
cblr-5121	281	13	st	st	PROPN
cblr-5121	281	14	.	.	PROPN
cblr-5121	281	15	louis	louis	PROPN
cblr-5121	281	16	,	,	PUNCT
cblr-5121	281	17	bylaws	bylaw	NOUN
cblr-5121	281	18	of	of	ADP
cblr-5121	281	19	the	the	DET
cblr-5121	281	20	federal	federal	PROPN
cblr-5121	281	21	reserve	reserve	PROPN
cblr-5121	281	22	bank	bank	PROPN
cblr-5121	281	23	of	of	ADP
cblr-5121	281	24	st	st	PROPN
cblr-5121	281	25	.	.	PROPN
cblr-5121	281	26	louis	louis	PROPN
cblr-5121	281	27	art	art	NOUN
cblr-5121	281	28	.	.	PUNCT
cblr-5121	282	1	i	i	PRON
cblr-5121	282	2	§	§	VERB
cblr-5121	282	3	4	4	NUM
cblr-5121	282	4	(	(	PUNCT
cblr-5121	282	5	2013	2013	NUM
cblr-5121	282	6	)	)	PUNCT
cblr-5121	282	7	.	.	PUNCT
cblr-5121	283	1	67	67	NUM
cblr-5121	283	2	12	12	NUM
cblr-5121	283	3	u.s.c	u.s.c	NOUN
cblr-5121	283	4	.	.	PUNCT
cblr-5121	284	1	§	§	PROPN
cblr-5121	284	2	357	357	NUM
cblr-5121	284	3	;	;	PUNCT
cblr-5121	284	4	policy	policy	NOUN
cblr-5121	284	5	tools	tool	NOUN
cblr-5121	284	6	:	:	PUNCT
cblr-5121	284	7	the	the	DET
cblr-5121	284	8	discount	discount	NOUN
cblr-5121	284	9	rate	rate	NOUN
cblr-5121	284	10	,	,	PUNCT
cblr-5121	284	11	board	board	NOUN
cblr-5121	284	12	governors	governor	NOUN
cblr-5121	284	13	fed	feed	VERB
cblr-5121	284	14	.	.	PUNCT
cblr-5121	285	1	res	re	NOUN
cblr-5121	285	2	.	.	PUNCT
cblr-5121	286	1	sys	sys	PROPN
cblr-5121	286	2	.	.	PUNCT
cblr-5121	287	1	(	(	PUNCT
cblr-5121	287	2	last	last	ADJ
cblr-5121	287	3	updated	update	VERB
cblr-5121	287	4	oct	oct	PROPN
cblr-5121	287	5	.	.	PROPN
cblr-5121	287	6	15	15	NUM
cblr-5121	287	7	,	,	PUNCT
cblr-5121	287	8	2019	2019	NUM
cblr-5121	287	9	)	)	PUNCT
cblr-5121	287	10	,	,	PUNCT
cblr-5121	287	11	https://www.federalreserve.gov/monetarypolicy/discountrate.htm	https://www.federalreserve.gov/monetarypolicy/discountrate.htm	PROPN
cblr-5121	288	1	[	[	X
cblr-5121	288	2	https://perma.cc/r77n-g5y6	https://perma.cc/r77n-g5y6	X
cblr-5121	288	3	]	]	X
cblr-5121	288	4	.	.	PUNCT
cblr-5121	289	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	289	2	(	(	PUNCT
cblr-5121	289	3	do	do	AUX
cblr-5121	289	4	not	not	PART
cblr-5121	289	5	delete	delete	VERB
cblr-5121	289	6	)	)	PUNCT
cblr-5121	289	7	1/3/2020	1/3/2020	NUM
cblr-5121	289	8	4:04	4:04	NUM
cblr-5121	289	9	pm	pm	NOUN
cblr-5121	289	10	no	no	NOUN
cblr-5121	289	11	.	.	PUNCT
cblr-5121	290	1	3:1123	3:1123	NUM
cblr-5121	290	2	]	]	PUNCT
cblr-5121	290	3	insider	insider	NOUN
cblr-5121	290	4	interest	interest	NOUN
cblr-5121	290	5	,	,	PUNCT
cblr-5121	290	6	not	not	PART
cblr-5121	290	7	industry	industry	NOUN
cblr-5121	290	8	influence	influence	NOUN
cblr-5121	290	9	1139	1139	NUM
cblr-5121	290	10	informal	informal	ADJ
cblr-5121	290	11	role	role	NOUN
cblr-5121	290	12	in	in	ADP
cblr-5121	290	13	informing	inform	VERB
cblr-5121	290	14	the	the	DET
cblr-5121	290	15	reserve	reserve	PROPN
cblr-5121	290	16	bank	bank	PROPN
cblr-5121	290	17	staff	staff	NOUN
cblr-5121	290	18	of	of	ADP
cblr-5121	290	19	the	the	DET
cblr-5121	290	20	economic	economic	ADJ
cblr-5121	290	21	conditions	condition	NOUN
cblr-5121	290	22	of	of	ADP
cblr-5121	290	23	their	their	PRON
cblr-5121	290	24	districts.68	districts.68	NOUN
cblr-5121	290	25	the	the	DET
cblr-5121	290	26	federal	federal	PROPN
cblr-5121	290	27	reserve	reserve	NOUN
cblr-5121	290	28	system	system	NOUN
cblr-5121	290	29	thus	thus	ADV
cblr-5121	290	30	couples	couple	VERB
cblr-5121	290	31	the	the	DET
cblr-5121	290	32	board	board	NOUN
cblr-5121	290	33	of	of	ADP
cblr-5121	290	34	governors	governor	NOUN
cblr-5121	290	35	,	,	PUNCT
cblr-5121	290	36	comprised	comprise	VERB
cblr-5121	290	37	of	of	ADP
cblr-5121	290	38	seven	seven	NUM
cblr-5121	290	39	publicly	publicly	ADV
cblr-5121	290	40	appointed	appoint	VERB
cblr-5121	290	41	officials	official	NOUN
cblr-5121	290	42	,	,	PUNCT
cblr-5121	290	43	with	with	ADP
cblr-5121	290	44	the	the	DET
cblr-5121	290	45	twelve	twelve	NUM
cblr-5121	290	46	somewhat	somewhat	ADV
cblr-5121	290	47	private	private	ADJ
cblr-5121	290	48	,	,	PUNCT
cblr-5121	290	49	somewhat	somewhat	ADV
cblr-5121	290	50	public	public	ADJ
cblr-5121	290	51	reserve	reserve	NOUN
cblr-5121	290	52	banks	bank	NOUN
cblr-5121	290	53	.	.	PUNCT
cblr-5121	291	1	although	although	SCONJ
cblr-5121	291	2	,	,	PUNCT
cblr-5121	291	3	as	as	SCONJ
cblr-5121	291	4	outlined	outline	VERB
cblr-5121	291	5	above	above	ADV
cblr-5121	291	6	,	,	PUNCT
cblr-5121	291	7	the	the	DET
cblr-5121	291	8	early	early	ADJ
cblr-5121	291	9	failures	failure	NOUN
cblr-5121	291	10	of	of	ADP
cblr-5121	291	11	the	the	DET
cblr-5121	291	12	federal	federal	PROPN
cblr-5121	291	13	reserve	reserve	PROPN
cblr-5121	291	14	system	system	NOUN
cblr-5121	291	15	spurred	spur	VERB
cblr-5121	291	16	a	a	DET
cblr-5121	291	17	centralization	centralization	NOUN
cblr-5121	291	18	of	of	ADP
cblr-5121	291	19	institutional	institutional	ADJ
cblr-5121	291	20	power	power	NOUN
cblr-5121	291	21	,	,	PUNCT
cblr-5121	291	22	the	the	DET
cblr-5121	291	23	reserve	reserve	NOUN
cblr-5121	291	24	banks	bank	NOUN
cblr-5121	291	25	and	and	CCONJ
cblr-5121	291	26	the	the	DET
cblr-5121	291	27	board	board	NOUN
cblr-5121	291	28	of	of	ADP
cblr-5121	291	29	governors	governor	NOUN
cblr-5121	291	30	still	still	ADV
cblr-5121	291	31	share	share	VERB
cblr-5121	291	32	some	some	DET
cblr-5121	291	33	overlapping	overlap	VERB
cblr-5121	291	34	authority	authority	NOUN
cblr-5121	291	35	.	.	PUNCT
cblr-5121	292	1	five	five	NUM
cblr-5121	292	2	reserve	reserve	PROPN
cblr-5121	292	3	bank	bank	PROPN
cblr-5121	292	4	presidents	president	NOUN
cblr-5121	292	5	serve	serve	VERB
cblr-5121	292	6	on	on	ADP
cblr-5121	292	7	the	the	DET
cblr-5121	292	8	fomc	fomc	NOUN
cblr-5121	292	9	,	,	PUNCT
cblr-5121	292	10	with	with	ADP
cblr-5121	292	11	the	the	DET
cblr-5121	292	12	new	new	PROPN
cblr-5121	292	13	york	york	PROPN
cblr-5121	292	14	fed	fed	PROPN
cblr-5121	292	15	president	president	PROPN
cblr-5121	292	16	occupying	occupy	VERB
cblr-5121	292	17	a	a	DET
cblr-5121	292	18	permanent	permanent	ADJ
cblr-5121	292	19	role.69	role.69	NOUN
cblr-5121	292	20	each	each	DET
cblr-5121	292	21	fomc	fomc	NOUN
cblr-5121	292	22	member	member	NOUN
cblr-5121	292	23	,	,	PUNCT
cblr-5121	292	24	governor	governor	NOUN
cblr-5121	292	25	and	and	CCONJ
cblr-5121	292	26	president	president	NOUN
cblr-5121	292	27	alike	alike	ADV
cblr-5121	292	28	,	,	PUNCT
cblr-5121	292	29	has	have	VERB
cblr-5121	292	30	an	an	DET
cblr-5121	292	31	equally	equally	ADV
cblr-5121	292	32	weighted	weight	VERB
cblr-5121	292	33	vote	vote	NOUN
cblr-5121	292	34	on	on	ADP
cblr-5121	292	35	monetary	monetary	ADJ
cblr-5121	292	36	policy	policy	NOUN
cblr-5121	293	1	decisions.70	decisions.70	NOUN
cblr-5121	293	2	in	in	ADP
cblr-5121	293	3	addition	addition	NOUN
cblr-5121	293	4	,	,	PUNCT
cblr-5121	293	5	the	the	DET
cblr-5121	293	6	board	board	NOUN
cblr-5121	293	7	of	of	ADP
cblr-5121	293	8	governors	governor	NOUN
cblr-5121	293	9	may	may	AUX
cblr-5121	293	10	delegate	delegate	VERB
cblr-5121	293	11	“	"	PUNCT
cblr-5121	293	12	any	any	PRON
cblr-5121	293	13	of	of	ADP
cblr-5121	293	14	its	its	PRON
cblr-5121	293	15	functions	function	NOUN
cblr-5121	293	16	,	,	PUNCT
cblr-5121	293	17	other	other	ADJ
cblr-5121	293	18	than	than	ADP
cblr-5121	293	19	those	those	PRON
cblr-5121	293	20	relating	relate	VERB
cblr-5121	293	21	to	to	ADP
cblr-5121	293	22	rulemaking	rulemaking	NOUN
cblr-5121	293	23	or	or	CCONJ
cblr-5121	293	24	.	.	PUNCT
cblr-5121	293	25	.	.	PUNCT
cblr-5121	293	26	.	.	PUNCT
cblr-5121	294	1	the	the	DET
cblr-5121	294	2	establishment	establishment	NOUN
cblr-5121	294	3	of	of	ADP
cblr-5121	294	4	policies	policy	NOUN
cblr-5121	294	5	for	for	ADP
cblr-5121	294	6	the	the	DET
cblr-5121	294	7	supervision	supervision	NOUN
cblr-5121	294	8	and	and	CCONJ
cblr-5121	294	9	regulation	regulation	NOUN
cblr-5121	294	10	of	of	ADP
cblr-5121	294	11	depository	depository	NOUN
cblr-5121	294	12	institution	institution	NOUN
cblr-5121	294	13	holding	hold	VERB
cblr-5121	294	14	companies	company	NOUN
cblr-5121	294	15	and	and	CCONJ
cblr-5121	294	16	other	other	ADJ
cblr-5121	294	17	financial	financial	ADJ
cblr-5121	294	18	firms	firm	NOUN
cblr-5121	294	19	”	"	PUNCT
cblr-5121	294	20	to	to	ADP
cblr-5121	294	21	the	the	DET
cblr-5121	294	22	reserve	reserve	NOUN
cblr-5121	294	23	banks.71	banks.71	NOUN
cblr-5121	294	24	in	in	ADP
cblr-5121	294	25	turn	turn	NOUN
cblr-5121	294	26	,	,	PUNCT
cblr-5121	294	27	the	the	DET
cblr-5121	294	28	board	board	NOUN
cblr-5121	294	29	of	of	ADP
cblr-5121	294	30	governors	governor	NOUN
cblr-5121	294	31	can	can	AUX
cblr-5121	294	32	review	review	VERB
cblr-5121	294	33	any	any	DET
cblr-5121	294	34	actions	action	NOUN
cblr-5121	294	35	taken	take	VERB
cblr-5121	294	36	under	under	ADP
cblr-5121	294	37	this	this	DET
cblr-5121	294	38	delegated	delegate	VERB
cblr-5121	294	39	authority	authority	NOUN
cblr-5121	294	40	,	,	PUNCT
cblr-5121	294	41	and	and	CCONJ
cblr-5121	294	42	“	"	PUNCT
cblr-5121	294	43	exercise[s	exercise[s	PROPN
cblr-5121	294	44	]	]	X
cblr-5121	294	45	general	general	ADJ
cblr-5121	294	46	supervision	supervision	NOUN
cblr-5121	294	47	over	over	ADP
cblr-5121	294	48	.	.	PUNCT
cblr-5121	294	49	.	.	PUNCT
cblr-5121	294	50	.	.	PUNCT
cblr-5121	295	1	federal	federal	PROPN
cblr-5121	295	2	reserve	reserve	PROPN
cblr-5121	295	3	banks	bank	NOUN
cblr-5121	295	4	.	.	PUNCT
cblr-5121	296	1	”72	”72	PROPN
cblr-5121	296	2	finally	finally	ADV
cblr-5121	296	3	,	,	PUNCT
cblr-5121	296	4	in	in	ADP
cblr-5121	296	5	addition	addition	NOUN
cblr-5121	296	6	to	to	ADP
cblr-5121	296	7	the	the	DET
cblr-5121	296	8	general	general	ADJ
cblr-5121	296	9	supervisory	supervisory	ADJ
cblr-5121	296	10	power	power	NOUN
cblr-5121	296	11	the	the	DET
cblr-5121	296	12	board	board	NOUN
cblr-5121	296	13	of	of	ADP
cblr-5121	296	14	governors	governor	NOUN
cblr-5121	296	15	exercises	exercise	VERB
cblr-5121	296	16	68	68	NUM
cblr-5121	296	17	see	see	NOUN
cblr-5121	296	18	,	,	PUNCT
cblr-5121	296	19	e.g.	e.g.	ADV
cblr-5121	296	20	,	,	PUNCT
cblr-5121	296	21	board	board	NOUN
cblr-5121	296	22	of	of	ADP
cblr-5121	296	23	directors	director	NOUN
cblr-5121	296	24	,	,	PUNCT
cblr-5121	296	25	supra	supra	PROPN
cblr-5121	296	26	note	note	NOUN
cblr-5121	296	27	54	54	NUM
cblr-5121	296	28	(	(	PUNCT
cblr-5121	296	29	“	"	PUNCT
cblr-5121	296	30	the	the	DET
cblr-5121	296	31	roles	role	NOUN
cblr-5121	296	32	of	of	ADP
cblr-5121	296	33	reserve	reserve	PROPN
cblr-5121	296	34	bank	bank	PROPN
cblr-5121	296	35	directors	director	NOUN
cblr-5121	296	36	”	"	PUNCT
cblr-5121	296	37	include	include	VERB
cblr-5121	296	38	“	"	PUNCT
cblr-5121	296	39	acting	act	VERB
cblr-5121	296	40	as	as	ADP
cblr-5121	296	41	a	a	DET
cblr-5121	296	42	‘	'	PUNCT
cblr-5121	296	43	link	link	NOUN
cblr-5121	296	44	’	'	PUNCT
cblr-5121	296	45	between	between	ADP
cblr-5121	296	46	the	the	DET
cblr-5121	296	47	government	government	NOUN
cblr-5121	296	48	and	and	CCONJ
cblr-5121	296	49	the	the	DET
cblr-5121	296	50	private	private	ADJ
cblr-5121	296	51	sector	sector	NOUN
cblr-5121	296	52	[	[	X
cblr-5121	296	53	,	,	PUNCT
cblr-5121	296	54	]	]	PUNCT
cblr-5121	296	55	”	"	PUNCT
cblr-5121	296	56	and	and	CCONJ
cblr-5121	296	57	“	"	PUNCT
cblr-5121	296	58	bring[ing	bring[e	VERB
cblr-5121	296	59	]	]	PUNCT
cblr-5121	296	60	to	to	ADP
cblr-5121	296	61	the	the	DET
cblr-5121	296	62	federal	federal	PROPN
cblr-5121	296	63	reserve	reserve	PROPN
cblr-5121	296	64	system	system	NOUN
cblr-5121	296	65	the	the	DET
cblr-5121	296	66	greatest	great	ADJ
cblr-5121	296	67	benefits	benefit	NOUN
cblr-5121	296	68	of	of	ADP
cblr-5121	296	69	regional	regional	ADJ
cblr-5121	296	70	autonomy	autonomy	NOUN
cblr-5121	296	71	:	:	PUNCT
cblr-5121	296	72	a	a	DET
cblr-5121	296	73	diversity	diversity	NOUN
cblr-5121	296	74	of	of	ADP
cblr-5121	296	75	viewpoints	viewpoint	NOUN
cblr-5121	296	76	on	on	ADP
cblr-5121	296	77	economic	economic	ADJ
cblr-5121	296	78	and	and	CCONJ
cblr-5121	296	79	credit	credit	NOUN
cblr-5121	296	80	conditions	condition	NOUN
cblr-5121	296	81	.	.	PUNCT
cblr-5121	296	82	”	"	PUNCT
cblr-5121	296	83	)	)	PUNCT
cblr-5121	296	84	;	;	PUNCT
cblr-5121	296	85	our	our	PRON
cblr-5121	296	86	district	district	NOUN
cblr-5121	296	87	:	:	PUNCT
cblr-5121	296	88	governance	governance	NOUN
cblr-5121	296	89	,	,	PUNCT
cblr-5121	296	90	fed	fed	PROPN
cblr-5121	296	91	.	.	PUNCT
cblr-5121	297	1	res	res	PROPN
cblr-5121	297	2	.	.	PUNCT
cblr-5121	298	1	bank	bank	PROPN
cblr-5121	298	2	s.f	s.f	PROPN
cblr-5121	298	3	.	.	PROPN
cblr-5121	298	4	https://www.frbsf.org/our-district/governance/boards-directors/	https://www.frbsf.org/our-district/governance/boards-directors/	PROPN
cblr-5121	299	1	[	[	X
cblr-5121	299	2	https://perma.cc/suj8-78qa	https://perma.cc/suj8-78qa	NOUN
cblr-5121	299	3	]	]	X
cblr-5121	299	4	(	(	PUNCT
cblr-5121	299	5	“	"	PUNCT
cblr-5121	299	6	the	the	DET
cblr-5121	299	7	roles	role	NOUN
cblr-5121	299	8	of	of	ADP
cblr-5121	299	9	reserve	reserve	PROPN
cblr-5121	299	10	bank	bank	PROPN
cblr-5121	299	11	directors	director	NOUN
cblr-5121	299	12	”	"	PUNCT
cblr-5121	299	13	include	include	VERB
cblr-5121	299	14	“	"	PUNCT
cblr-5121	299	15	acting	act	VERB
cblr-5121	299	16	as	as	ADP
cblr-5121	299	17	a	a	DET
cblr-5121	299	18	‘	'	PUNCT
cblr-5121	299	19	link	link	NOUN
cblr-5121	299	20	’	'	PUNCT
cblr-5121	299	21	between	between	ADP
cblr-5121	299	22	the	the	DET
cblr-5121	299	23	government	government	NOUN
cblr-5121	299	24	and	and	CCONJ
cblr-5121	299	25	the	the	DET
cblr-5121	299	26	private	private	ADJ
cblr-5121	299	27	sector	sector	NOUN
cblr-5121	299	28	”	"	PUNCT
cblr-5121	299	29	and	and	CCONJ
cblr-5121	299	30	“	"	PUNCT
cblr-5121	299	31	bring[ing	bring[e	VERB
cblr-5121	299	32	]	]	PUNCT
cblr-5121	299	33	to	to	ADP
cblr-5121	299	34	the	the	DET
cblr-5121	299	35	federal	federal	PROPN
cblr-5121	299	36	reserve	reserve	PROPN
cblr-5121	299	37	system	system	NOUN
cblr-5121	299	38	the	the	DET
cblr-5121	299	39	greatest	great	ADJ
cblr-5121	299	40	benefits	benefit	NOUN
cblr-5121	299	41	of	of	ADP
cblr-5121	299	42	regional	regional	ADJ
cblr-5121	299	43	autonomy	autonomy	NOUN
cblr-5121	299	44	:	:	PUNCT
cblr-5121	299	45	separate	separate	ADJ
cblr-5121	299	46	and	and	CCONJ
cblr-5121	299	47	eclectic	eclectic	ADJ
cblr-5121	299	48	viewpoints	viewpoint	NOUN
cblr-5121	299	49	on	on	ADP
cblr-5121	299	50	economic	economic	ADJ
cblr-5121	299	51	and	and	CCONJ
cblr-5121	299	52	credit	credit	NOUN
cblr-5121	299	53	conditions	condition	NOUN
cblr-5121	299	54	.	.	PUNCT
cblr-5121	299	55	”	"	PUNCT
cblr-5121	299	56	)	)	PUNCT
cblr-5121	299	57	.	.	PUNCT
cblr-5121	300	1	69	69	NUM
cblr-5121	300	2	12	12	NUM
cblr-5121	300	3	u.s.c	u.s.c	NOUN
cblr-5121	300	4	.	.	PUNCT
cblr-5121	301	1	§	§	PROPN
cblr-5121	301	2	263(a	263(a	NUM
cblr-5121	301	3	)	)	PUNCT
cblr-5121	301	4	.	.	PUNCT
cblr-5121	302	1	reserve	reserve	NOUN
cblr-5121	302	2	banks	bank	NOUN
cblr-5121	302	3	may	may	AUX
cblr-5121	302	4	also	also	ADV
cblr-5121	302	5	be	be	AUX
cblr-5121	302	6	represented	represent	VERB
cblr-5121	302	7	on	on	ADP
cblr-5121	302	8	the	the	DET
cblr-5121	302	9	fomc	fomc	NOUN
cblr-5121	302	10	by	by	ADP
cblr-5121	302	11	first	first	ADJ
cblr-5121	302	12	vice	vice	NOUN
cblr-5121	302	13	presidents	president	NOUN
cblr-5121	302	14	.	.	PUNCT
cblr-5121	303	1	i	i	PRON
cblr-5121	303	2	d.	d.	PROPN
cblr-5121	303	3	70	70	NUM
cblr-5121	303	4	i	i	PROPN
cblr-5121	303	5	d.	d.	PROPN
cblr-5121	303	6	;	;	PUNCT
cblr-5121	303	7	see	see	VERB
cblr-5121	303	8	also	also	ADV
cblr-5121	303	9	structure	structure	NOUN
cblr-5121	303	10	of	of	ADP
cblr-5121	303	11	the	the	DET
cblr-5121	303	12	federal	federal	PROPN
cblr-5121	303	13	reserve	reserve	PROPN
cblr-5121	303	14	system	system	NOUN
cblr-5121	303	15	:	:	PUNCT
cblr-5121	303	16	federal	federal	ADJ
cblr-5121	303	17	open	open	ADJ
cblr-5121	303	18	market	market	NOUN
cblr-5121	303	19	committee	committee	NOUN
cblr-5121	303	20	,	,	PUNCT
cblr-5121	303	21	board	board	NOUN
cblr-5121	303	22	governors	governor	NOUN
cblr-5121	303	23	fed	feed	VERB
cblr-5121	303	24	.	.	PUNCT
cblr-5121	304	1	res	re	NOUN
cblr-5121	304	2	.	.	PUNCT
cblr-5121	305	1	sys	sys	PROPN
cblr-5121	305	2	.	.	PUNCT
cblr-5121	306	1	(	(	PUNCT
cblr-5121	306	2	oct	oct	PROPN
cblr-5121	306	3	.	.	PROPN
cblr-5121	306	4	28	28	NUM
cblr-5121	306	5	,	,	PUNCT
cblr-5121	306	6	2016	2016	NUM
cblr-5121	306	7	)	)	PUNCT
cblr-5121	306	8	,	,	PUNCT
cblr-5121	307	1	https://www.federalreserve.gov/aboutthefed/structure-federal-openmarket-committee.htm	https://www.federalreserve.gov/aboutthefed/structure-federal-openmarket-committee.htm	PROPN
cblr-5121	308	1	[	[	X
cblr-5121	308	2	https://perma.cc/4h2f-v7bs	https://perma.cc/4h2f-v7bs	X
cblr-5121	308	3	]	]	X
cblr-5121	308	4	.	.	PUNCT
cblr-5121	309	1	71	71	NUM
cblr-5121	309	2	12	12	NUM
cblr-5121	309	3	u.s.c	u.s.c	NOUN
cblr-5121	309	4	.	.	PUNCT
cblr-5121	310	1	§	§	PROPN
cblr-5121	310	2	248(k	248(k	PROPN
cblr-5121	310	3	)	)	PUNCT
cblr-5121	310	4	.	.	PUNCT
cblr-5121	311	1	72	72	NUM
cblr-5121	312	1	i	i	PRON
cblr-5121	312	2	d.	d.	PROPN
cblr-5121	312	3	§	§	PROPN
cblr-5121	312	4	248(j	248(j	PROPN
cblr-5121	312	5	)	)	PUNCT
cblr-5121	312	6	.	.	PUNCT
cblr-5121	313	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	313	2	(	(	PUNCT
cblr-5121	313	3	do	do	AUX
cblr-5121	313	4	not	not	PART
cblr-5121	313	5	delte	delte	VERB
cblr-5121	313	6	)	)	PUNCT
cblr-5121	313	7	1/3/2020	1/3/2020	NUM
cblr-5121	313	8	4:04	4:04	NUM
cblr-5121	313	9	pm	pm	NOUN
cblr-5121	313	10	1140	1140	NUM
cblr-5121	313	11	columbia	columbia	PROPN
cblr-5121	313	12	business	business	NOUN
cblr-5121	313	13	law	law	PROPN
cblr-5121	313	14	review	review	NOUN
cblr-5121	313	15	[	[	X
cblr-5121	313	16	vol	vol	NOUN
cblr-5121	313	17	.	.	NOUN
cblr-5121	313	18	2019	2019	NUM
cblr-5121	313	19	over	over	ADP
cblr-5121	313	20	the	the	DET
cblr-5121	313	21	reserve	reserve	NOUN
cblr-5121	313	22	banks	bank	NOUN
cblr-5121	313	23	,	,	PUNCT
cblr-5121	313	24	the	the	DET
cblr-5121	313	25	board	board	NOUN
cblr-5121	313	26	of	of	ADP
cblr-5121	313	27	governors	governor	NOUN
cblr-5121	313	28	can	can	AUX
cblr-5121	313	29	also	also	ADV
cblr-5121	313	30	remove	remove	VERB
cblr-5121	313	31	reserve	reserve	PROPN
cblr-5121	313	32	bank	bank	PROPN
cblr-5121	313	33	officers	officer	NOUN
cblr-5121	313	34	or	or	CCONJ
cblr-5121	313	35	directors	director	NOUN
cblr-5121	313	36	,	,	PUNCT
cblr-5121	313	37	including	include	VERB
cblr-5121	313	38	reserve	reserve	NOUN
cblr-5121	313	39	bank	bank	NOUN
cblr-5121	313	40	presidents	president	NOUN
cblr-5121	313	41	,	,	PUNCT
cblr-5121	313	42	for	for	ADP
cblr-5121	313	43	cause.73	cause.73	NOUN
cblr-5121	313	44	so	so	ADV
cblr-5121	313	45	stands	stand	VERB
cblr-5121	313	46	the	the	DET
cblr-5121	313	47	general	general	ADJ
cblr-5121	313	48	balance	balance	NOUN
cblr-5121	313	49	of	of	ADP
cblr-5121	313	50	power	power	NOUN
cblr-5121	313	51	in	in	ADP
cblr-5121	313	52	the	the	DET
cblr-5121	313	53	federal	federal	PROPN
cblr-5121	313	54	reserve	reserve	NOUN
cblr-5121	313	55	system	system	NOUN
cblr-5121	313	56	and	and	CCONJ
cblr-5121	313	57	the	the	DET
cblr-5121	313	58	governance	governance	NOUN
cblr-5121	313	59	structures	structure	NOUN
cblr-5121	313	60	of	of	ADP
cblr-5121	313	61	the	the	DET
cblr-5121	313	62	reserve	reserve	NOUN
cblr-5121	313	63	banks	bank	NOUN
cblr-5121	313	64	and	and	CCONJ
cblr-5121	313	65	the	the	DET
cblr-5121	313	66	board	board	NOUN
cblr-5121	313	67	of	of	ADP
cblr-5121	313	68	governors	governor	NOUN
cblr-5121	313	69	.	.	PUNCT
cblr-5121	314	1	the	the	DET
cblr-5121	314	2	particular	particular	ADJ
cblr-5121	314	3	role	role	NOUN
cblr-5121	314	4	that	that	PRON
cblr-5121	314	5	the	the	DET
cblr-5121	314	6	reserve	reserve	NOUN
cblr-5121	314	7	banks	bank	NOUN
cblr-5121	314	8	play	play	VERB
cblr-5121	314	9	in	in	ADP
cblr-5121	314	10	financial	financial	ADJ
cblr-5121	314	11	supervision	supervision	NOUN
cblr-5121	314	12	,	,	PUNCT
cblr-5121	314	13	and	and	CCONJ
cblr-5121	314	14	the	the	DET
cblr-5121	314	15	problems	problem	NOUN
cblr-5121	314	16	associated	associate	VERB
cblr-5121	314	17	with	with	ADP
cblr-5121	314	18	their	their	PRON
cblr-5121	314	19	supervisory	supervisory	ADJ
cblr-5121	314	20	role	role	NOUN
cblr-5121	314	21	,	,	PUNCT
cblr-5121	314	22	is	be	AUX
cblr-5121	314	23	examined	examine	VERB
cblr-5121	314	24	in	in	ADP
cblr-5121	314	25	part	part	PROPN
cblr-5121	314	26	iii	iii	PROPN
cblr-5121	314	27	.	.	PUNCT
cblr-5121	314	28	iii	iii	PROPN
cblr-5121	314	29	.	.	PUNCT
cblr-5121	315	1	the	the	DET
cblr-5121	315	2	reserve	reserve	NOUN
cblr-5121	315	3	banks	bank	NOUN
cblr-5121	315	4	and	and	CCONJ
cblr-5121	315	5	financial	financial	ADJ
cblr-5121	315	6	supervision	supervision	NOUN
cblr-5121	315	7	as	as	SCONJ
cblr-5121	315	8	previously	previously	ADV
cblr-5121	315	9	mentioned	mention	VERB
cblr-5121	315	10	,	,	PUNCT
cblr-5121	315	11	the	the	DET
cblr-5121	315	12	federal	federal	PROPN
cblr-5121	315	13	reserve	reserve	PROPN
cblr-5121	315	14	act	act	PROPN
cblr-5121	315	15	enables	enable	VERB
cblr-5121	315	16	the	the	DET
cblr-5121	315	17	board	board	NOUN
cblr-5121	315	18	of	of	ADP
cblr-5121	315	19	governors	governor	NOUN
cblr-5121	315	20	to	to	PART
cblr-5121	315	21	delegate	delegate	VERB
cblr-5121	315	22	“	"	PUNCT
cblr-5121	315	23	any	any	PRON
cblr-5121	315	24	of	of	ADP
cblr-5121	315	25	its	its	PRON
cblr-5121	315	26	functions	function	NOUN
cblr-5121	315	27	”	"	PUNCT
cblr-5121	315	28	to	to	ADP
cblr-5121	315	29	the	the	DET
cblr-5121	315	30	reserve	reserve	NOUN
cblr-5121	315	31	banks	bank	NOUN
cblr-5121	315	32	,	,	PUNCT
cblr-5121	315	33	save	save	VERB
cblr-5121	315	34	its	its	PRON
cblr-5121	315	35	rulemaking	rulemaking	NOUN
cblr-5121	315	36	power	power	NOUN
cblr-5121	315	37	and	and	CCONJ
cblr-5121	315	38	its	its	PRON
cblr-5121	315	39	authority	authority	NOUN
cblr-5121	315	40	to	to	PART
cblr-5121	315	41	establish	establish	VERB
cblr-5121	315	42	supervisory	supervisory	ADJ
cblr-5121	315	43	and	and	CCONJ
cblr-5121	315	44	regulatory	regulatory	ADJ
cblr-5121	315	45	policies	policy	NOUN
cblr-5121	315	46	for	for	ADP
cblr-5121	315	47	regulated	regulated	ADJ
cblr-5121	315	48	financial	financial	ADJ
cblr-5121	315	49	institutions.74	institutions.74	NOUN
cblr-5121	315	50	the	the	DET
cblr-5121	315	51	board	board	NOUN
cblr-5121	315	52	of	of	ADP
cblr-5121	315	53	governors	governor	NOUN
cblr-5121	315	54	has	have	AUX
cblr-5121	315	55	delegated	delegate	VERB
cblr-5121	315	56	its	its	PRON
cblr-5121	315	57	immediate	immediate	ADJ
cblr-5121	315	58	supervisory	supervisory	ADJ
cblr-5121	315	59	authority	authority	NOUN
cblr-5121	315	60	of	of	ADP
cblr-5121	315	61	financial	financial	ADJ
cblr-5121	315	62	institutions	institution	NOUN
cblr-5121	315	63	to	to	ADP
cblr-5121	315	64	the	the	DET
cblr-5121	315	65	reserve	reserve	NOUN
cblr-5121	315	66	banks	bank	NOUN
cblr-5121	315	67	,	,	PUNCT
cblr-5121	315	68	“	"	PUNCT
cblr-5121	315	69	rely[ing	rely[e	VERB
cblr-5121	315	70	]	]	PUNCT
cblr-5121	315	71	largely	largely	ADV
cblr-5121	315	72	on	on	ADP
cblr-5121	315	73	the	the	DET
cblr-5121	315	74	supervisory	supervisory	ADJ
cblr-5121	315	75	staff	staff	NOUN
cblr-5121	315	76	of	of	ADP
cblr-5121	315	77	the	the	DET
cblr-5121	315	78	reserve	reserve	NOUN
cblr-5121	315	79	banks	bank	NOUN
cblr-5121	315	80	to	to	PART
cblr-5121	315	81	be	be	AUX
cblr-5121	315	82	.	.	PUNCT
cblr-5121	315	83	.	.	PUNCT
cblr-5121	315	84	.	.	PUNCT
cblr-5121	316	1	the	the	DET
cblr-5121	316	2	‘	'	PUNCT
cblr-5121	316	3	eyes	eye	NOUN
cblr-5121	316	4	and	and	CCONJ
cblr-5121	316	5	ears	ear	NOUN
cblr-5121	316	6	’	'	PUNCT
cblr-5121	316	7	of	of	ADP
cblr-5121	316	8	the	the	DET
cblr-5121	316	9	federal	federal	PROPN
cblr-5121	316	10	reserve	reserve	PROPN
cblr-5121	316	11	board	board	PROPN
cblr-5121	316	12	’s	’s	PART
cblr-5121	316	13	supervisory	supervisory	ADJ
cblr-5121	316	14	staff	staff	NOUN
cblr-5121	316	15	.	.	PUNCT
cblr-5121	317	1	”75	”75	PROPN
cblr-5121	317	2	acting	act	VERB
cblr-5121	317	3	as	as	ADP
cblr-5121	317	4	the	the	DET
cblr-5121	317	5	“	"	PUNCT
cblr-5121	317	6	eyes	eye	NOUN
cblr-5121	317	7	and	and	CCONJ
cblr-5121	317	8	ears	ear	NOUN
cblr-5121	317	9	,	,	PUNCT
cblr-5121	317	10	”	"	PUNCT
cblr-5121	317	11	the	the	DET
cblr-5121	317	12	reserve	reserve	NOUN
cblr-5121	317	13	banks	bank	NOUN
cblr-5121	317	14	can	can	AUX
cblr-5121	317	15	issue	issue	VERB
cblr-5121	317	16	informal	informal	ADJ
cblr-5121	317	17	enforcement	enforcement	NOUN
cblr-5121	317	18	actions	action	NOUN
cblr-5121	317	19	against	against	ADP
cblr-5121	317	20	supervised	supervised	ADJ
cblr-5121	317	21	banks	bank	NOUN
cblr-5121	317	22	as	as	ADP
cblr-5121	317	23	part	part	NOUN
cblr-5121	317	24	of	of	ADP
cblr-5121	317	25	their	their	PRON
cblr-5121	317	26	day	day	NOUN
cblr-5121	317	27	-	-	PUNCT
cblr-5121	317	28	to	to	ADP
cblr-5121	317	29	-	-	PUNCT
cblr-5121	317	30	day	day	NOUN
cblr-5121	317	31	monitoring.76	monitoring.76	PROPN
cblr-5121	317	32	it	it	PRON
cblr-5121	317	33	is	be	AUX
cblr-5121	317	34	this	this	DET
cblr-5121	317	35	responsibility	responsibility	NOUN
cblr-5121	317	36	that	that	PRON
cblr-5121	317	37	has	have	VERB
cblr-5121	317	38	73	73	NUM
cblr-5121	317	39	i	i	PRON
cblr-5121	317	40	d.	d.	PROPN
cblr-5121	317	41	§	§	PROPN
cblr-5121	317	42	248(f	248(f	PROPN
cblr-5121	317	43	)	)	PUNCT
cblr-5121	317	44	(	(	PUNCT
cblr-5121	317	45	“	"	PUNCT
cblr-5121	317	46	the	the	DET
cblr-5121	317	47	board	board	NOUN
cblr-5121	317	48	of	of	ADP
cblr-5121	317	49	governors	governor	NOUN
cblr-5121	317	50	of	of	ADP
cblr-5121	317	51	the	the	DET
cblr-5121	317	52	federal	federal	PROPN
cblr-5121	317	53	reserve	reserve	NOUN
cblr-5121	317	54	system	system	NOUN
cblr-5121	317	55	shall	shall	AUX
cblr-5121	317	56	be	be	AUX
cblr-5121	317	57	authorized	authorize	VERB
cblr-5121	317	58	and	and	CCONJ
cblr-5121	317	59	empowered	empower	VERB
cblr-5121	317	60	.	.	PUNCT
cblr-5121	317	61	.	.	PUNCT
cblr-5121	317	62	.	.	PUNCT
cblr-5121	318	1	[	[	X
cblr-5121	318	2	t]o	t]o	X
cblr-5121	318	3	suspend	suspend	VERB
cblr-5121	318	4	or	or	CCONJ
cblr-5121	318	5	remove	remove	VERB
cblr-5121	318	6	any	any	DET
cblr-5121	318	7	officer	officer	NOUN
cblr-5121	318	8	or	or	CCONJ
cblr-5121	318	9	director	director	NOUN
cblr-5121	318	10	of	of	ADP
cblr-5121	318	11	any	any	DET
cblr-5121	318	12	federal	federal	PROPN
cblr-5121	318	13	reserve	reserve	PROPN
cblr-5121	318	14	bank	bank	PROPN
cblr-5121	318	15	,	,	PUNCT
cblr-5121	318	16	the	the	DET
cblr-5121	318	17	cause	cause	NOUN
cblr-5121	318	18	of	of	ADP
cblr-5121	318	19	such	such	ADJ
cblr-5121	318	20	removal	removal	NOUN
cblr-5121	318	21	to	to	PART
cblr-5121	318	22	be	be	AUX
cblr-5121	318	23	forthwith	forthwith	NOUN
cblr-5121	318	24	communicated	communicate	VERB
cblr-5121	318	25	in	in	ADP
cblr-5121	318	26	writing	writing	NOUN
cblr-5121	318	27	.	.	PUNCT
cblr-5121	318	28	.	.	PUNCT
cblr-5121	318	29	.	.	PUNCT
cblr-5121	318	30	.	.	PUNCT
cblr-5121	318	31	”	"	PUNCT
cblr-5121	318	32	)	)	PUNCT
cblr-5121	318	33	.	.	PUNCT
cblr-5121	319	1	the	the	DET
cblr-5121	319	2	communication	communication	NOUN
cblr-5121	319	3	provision	provision	NOUN
cblr-5121	319	4	is	be	AUX
cblr-5121	319	5	similar	similar	ADJ
cblr-5121	319	6	to	to	ADP
cblr-5121	319	7	other	other	ADJ
cblr-5121	319	8	language	language	NOUN
cblr-5121	319	9	establishing	establish	VERB
cblr-5121	319	10	for	for	ADP
cblr-5121	319	11	-	-	PUNCT
cblr-5121	319	12	cause	cause	VERB
cblr-5121	319	13	removal	removal	NOUN
cblr-5121	319	14	protections	protection	NOUN
cblr-5121	319	15	.	.	PUNCT
cblr-5121	320	1	see	see	VERB
cblr-5121	320	2	peter	peter	PROPN
cblr-5121	320	3	conti	conti	PROPN
cblr-5121	320	4	-	-	ADJ
cblr-5121	320	5	brown	brown	ADJ
cblr-5121	320	6	,	,	PUNCT
cblr-5121	320	7	the	the	DET
cblr-5121	320	8	institutions	institution	NOUN
cblr-5121	320	9	of	of	ADP
cblr-5121	320	10	federal	federal	PROPN
cblr-5121	320	11	reserve	reserve	PROPN
cblr-5121	320	12	independence	independence	NOUN
cblr-5121	320	13	,	,	PUNCT
cblr-5121	320	14	32	32	NUM
cblr-5121	320	15	yale	yale	PROPN
cblr-5121	320	16	j.	j.	PROPN
cblr-5121	320	17	reg	reg	PROPN
cblr-5121	320	18	.	.	PUNCT
cblr-5121	321	1	257	257	NUM
cblr-5121	321	2	,	,	PUNCT
cblr-5121	321	3	302	302	NUM
cblr-5121	321	4	(	(	PUNCT
cblr-5121	321	5	2015	2015	NUM
cblr-5121	321	6	)	)	PUNCT
cblr-5121	321	7	.	.	PUNCT
cblr-5121	322	1	the	the	DET
cblr-5121	322	2	conflicting	conflict	VERB
cblr-5121	322	3	standards	standard	NOUN
cblr-5121	322	4	for	for	ADP
cblr-5121	322	5	the	the	DET
cblr-5121	322	6	removal	removal	NOUN
cblr-5121	322	7	of	of	ADP
cblr-5121	322	8	presidents	president	NOUN
cblr-5121	322	9	—	—	PUNCT
cblr-5121	322	10	removable	removable	ADJ
cblr-5121	322	11	at	at	ADP
cblr-5121	322	12	will	will	AUX
cblr-5121	322	13	by	by	ADP
cblr-5121	322	14	their	their	PRON
cblr-5121	322	15	boards	board	NOUN
cblr-5121	322	16	of	of	ADP
cblr-5121	322	17	directors	director	NOUN
cblr-5121	322	18	but	but	CCONJ
cblr-5121	322	19	only	only	ADV
cblr-5121	322	20	removable	removable	ADJ
cblr-5121	322	21	for	for	ADP
cblr-5121	322	22	cause	cause	NOUN
cblr-5121	322	23	by	by	ADP
cblr-5121	322	24	the	the	DET
cblr-5121	322	25	board	board	NOUN
cblr-5121	322	26	of	of	ADP
cblr-5121	322	27	governors	governor	NOUN
cblr-5121	322	28	—	—	PUNCT
cblr-5121	322	29	potentially	potentially	ADV
cblr-5121	322	30	gives	give	VERB
cblr-5121	322	31	the	the	DET
cblr-5121	322	32	reserve	reserve	PROPN
cblr-5121	322	33	bank	bank	PROPN
cblr-5121	322	34	presidents	president	NOUN
cblr-5121	322	35	“	"	PUNCT
cblr-5121	322	36	two	two	NUM
cblr-5121	322	37	masters	master	NOUN
cblr-5121	322	38	,	,	PUNCT
cblr-5121	322	39	”	"	PUNCT
cblr-5121	322	40	with	with	ADP
cblr-5121	322	41	different	different	ADJ
cblr-5121	322	42	standards	standard	NOUN
cblr-5121	322	43	for	for	ADP
cblr-5121	322	44	removal	removal	NOUN
cblr-5121	322	45	by	by	ADP
cblr-5121	322	46	each	each	PRON
cblr-5121	322	47	.	.	PUNCT
cblr-5121	323	1	i	i	PRON
cblr-5121	323	2	d.	d.	PROPN
cblr-5121	323	3	74	74	NUM
cblr-5121	323	4	see	see	VERB
cblr-5121	323	5	supra	supra	PROPN
cblr-5121	323	6	note	note	NOUN
cblr-5121	323	7	71	71	NUM
cblr-5121	323	8	and	and	CCONJ
cblr-5121	323	9	accompanying	accompany	VERB
cblr-5121	323	10	text	text	NOUN
cblr-5121	323	11	.	.	PUNCT
cblr-5121	324	1	75	75	NUM
cblr-5121	324	2	thomas	thomas	PROPN
cblr-5121	324	3	h.	h.	PROPN
cblr-5121	324	4	stanton	stanton	PROPN
cblr-5121	324	5	,	,	PUNCT
cblr-5121	324	6	bank	bank	NOUN
cblr-5121	324	7	supervision	supervision	NOUN
cblr-5121	324	8	:	:	PUNCT
cblr-5121	324	9	unfinished	unfinished	ADJ
cblr-5121	324	10	business	business	NOUN
cblr-5121	324	11	from	from	ADP
cblr-5121	324	12	the	the	DET
cblr-5121	324	13	financial	financial	ADJ
cblr-5121	324	14	crisis	crisis	NOUN
cblr-5121	324	15	,	,	PUNCT
cblr-5121	324	16	in	in	ADP
cblr-5121	324	17	33	33	NUM
cblr-5121	324	18	banking	banking	NOUN
cblr-5121	324	19	&	&	CCONJ
cblr-5121	324	20	financial	financial	PROPN
cblr-5121	324	21	services	service	NOUN
cblr-5121	324	22	policy	policy	NOUN
cblr-5121	324	23	report	report	NOUN
cblr-5121	324	24	1	1	NUM
cblr-5121	324	25	,	,	PUNCT
cblr-5121	324	26	4	4	NUM
cblr-5121	324	27	(	(	PUNCT
cblr-5121	324	28	2014	2014	NUM
cblr-5121	324	29	)	)	PUNCT
cblr-5121	324	30	.	.	PUNCT
cblr-5121	325	1	76	76	NUM
cblr-5121	325	2	see	see	VERB
cblr-5121	325	3	infra	infra	NOUN
cblr-5121	325	4	notes	note	VERB
cblr-5121	325	5	86–90	86–90	NUM
cblr-5121	325	6	and	and	CCONJ
cblr-5121	325	7	accompanying	accompany	VERB
cblr-5121	325	8	text	text	NOUN
cblr-5121	325	9	.	.	PUNCT
cblr-5121	326	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	326	2	(	(	PUNCT
cblr-5121	326	3	do	do	AUX
cblr-5121	326	4	not	not	PART
cblr-5121	326	5	delete	delete	VERB
cblr-5121	326	6	)	)	PUNCT
cblr-5121	326	7	1/3/2020	1/3/2020	NUM
cblr-5121	326	8	4:04	4:04	NUM
cblr-5121	326	9	pm	pm	NOUN
cblr-5121	326	10	no	no	NOUN
cblr-5121	326	11	.	.	PUNCT
cblr-5121	327	1	3:1123	3:1123	NUM
cblr-5121	327	2	]	]	PUNCT
cblr-5121	327	3	insider	insider	NOUN
cblr-5121	327	4	interest	interest	NOUN
cblr-5121	327	5	,	,	PUNCT
cblr-5121	327	6	not	not	PART
cblr-5121	327	7	industry	industry	NOUN
cblr-5121	327	8	influence	influence	NOUN
cblr-5121	327	9	1141	1141	NUM
cblr-5121	327	10	generated	generate	VERB
cblr-5121	327	11	concern	concern	NOUN
cblr-5121	327	12	about	about	ADP
cblr-5121	327	13	the	the	DET
cblr-5121	327	14	connection	connection	NOUN
cblr-5121	327	15	between	between	ADP
cblr-5121	327	16	the	the	DET
cblr-5121	327	17	reserve	reserve	NOUN
cblr-5121	327	18	banks	bank	NOUN
cblr-5121	327	19	’	'	PUNCT
cblr-5121	327	20	governance	governance	NOUN
cblr-5121	327	21	regime	regime	NOUN
cblr-5121	327	22	and	and	CCONJ
cblr-5121	327	23	the	the	DET
cblr-5121	327	24	potential	potential	ADJ
cblr-5121	327	25	influence	influence	NOUN
cblr-5121	327	26	of	of	ADP
cblr-5121	327	27	private	private	ADJ
cblr-5121	327	28	interests	interest	NOUN
cblr-5121	327	29	in	in	ADP
cblr-5121	327	30	financial	financial	ADJ
cblr-5121	327	31	supervision	supervision	NOUN
cblr-5121	327	32	.	.	PUNCT
cblr-5121	328	1	a.	a.	PROPN
cblr-5121	328	2	reserve	reserve	PROPN
cblr-5121	328	3	bank	bank	PROPN
cblr-5121	328	4	supervision	supervision	NOUN
cblr-5121	328	5	in	in	ADP
cblr-5121	328	6	practice	practice	NOUN
cblr-5121	328	7	the	the	DET
cblr-5121	328	8	architecture	architecture	NOUN
cblr-5121	328	9	of	of	ADP
cblr-5121	328	10	financial	financial	ADJ
cblr-5121	328	11	regulation	regulation	NOUN
cblr-5121	328	12	is	be	AUX
cblr-5121	328	13	characterized	characterize	VERB
cblr-5121	328	14	by	by	ADP
cblr-5121	328	15	overlapping	overlap	VERB
cblr-5121	328	16	grants	grant	NOUN
cblr-5121	328	17	of	of	ADP
cblr-5121	328	18	authority	authority	NOUN
cblr-5121	328	19	between	between	ADP
cblr-5121	328	20	federal	federal	ADJ
cblr-5121	328	21	regulators	regulator	NOUN
cblr-5121	328	22	,	,	PUNCT
cblr-5121	328	23	with	with	ADP
cblr-5121	328	24	the	the	DET
cblr-5121	328	25	office	office	NOUN
cblr-5121	328	26	of	of	ADP
cblr-5121	328	27	the	the	DET
cblr-5121	328	28	comptroller	comptroller	NOUN
cblr-5121	328	29	of	of	ADP
cblr-5121	328	30	the	the	DET
cblr-5121	328	31	currency	currency	NOUN
cblr-5121	328	32	(	(	PUNCT
cblr-5121	328	33	the	the	DET
cblr-5121	328	34	“	"	PUNCT
cblr-5121	328	35	occ	occ	NOUN
cblr-5121	328	36	”	"	PUNCT
cblr-5121	328	37	)	)	PUNCT
cblr-5121	328	38	,	,	PUNCT
cblr-5121	328	39	an	an	DET
cblr-5121	328	40	independent	independent	ADJ
cblr-5121	328	41	division	division	NOUN
cblr-5121	328	42	organized	organize	VERB
cblr-5121	328	43	within	within	ADP
cblr-5121	328	44	the	the	DET
cblr-5121	328	45	department	department	NOUN
cblr-5121	328	46	of	of	ADP
cblr-5121	328	47	the	the	DET
cblr-5121	328	48	treasury	treasury	NOUN
cblr-5121	328	49	;	;	PUNCT
cblr-5121	328	50	the	the	DET
cblr-5121	328	51	federal	federal	ADJ
cblr-5121	328	52	deposit	deposit	NOUN
cblr-5121	328	53	insurance	insurance	NOUN
cblr-5121	328	54	corporation	corporation	NOUN
cblr-5121	328	55	(	(	PUNCT
cblr-5121	328	56	the	the	DET
cblr-5121	328	57	“	"	PUNCT
cblr-5121	328	58	fdic	fdic	ADJ
cblr-5121	328	59	”	"	PUNCT
cblr-5121	328	60	)	)	PUNCT
cblr-5121	328	61	;	;	PUNCT
cblr-5121	328	62	and	and	CCONJ
cblr-5121	328	63	the	the	DET
cblr-5121	328	64	federal	federal	PROPN
cblr-5121	328	65	reserve	reserve	PROPN
cblr-5121	328	66	sharing	share	VERB
cblr-5121	328	67	responsibility	responsibility	NOUN
cblr-5121	328	68	for	for	ADP
cblr-5121	328	69	the	the	DET
cblr-5121	328	70	regulation	regulation	NOUN
cblr-5121	328	71	of	of	ADP
cblr-5121	328	72	depository	depository	NOUN
cblr-5121	328	73	institutions.77	institutions.77	NOUN
cblr-5121	328	74	generally	generally	ADV
cblr-5121	328	75	,	,	PUNCT
cblr-5121	328	76	the	the	DET
cblr-5121	328	77	federal	federal	PROPN
cblr-5121	328	78	reserve	reserve	PROPN
cblr-5121	328	79	acts	act	VERB
cblr-5121	328	80	as	as	ADP
cblr-5121	328	81	the	the	DET
cblr-5121	328	82	primary	primary	ADJ
cblr-5121	328	83	supervisor	supervisor	NOUN
cblr-5121	328	84	for	for	ADP
cblr-5121	328	85	bank	bank	NOUN
cblr-5121	328	86	holding	hold	VERB
cblr-5121	328	87	companies	company	NOUN
cblr-5121	328	88	and	and	CCONJ
cblr-5121	328	89	state	state	NOUN
cblr-5121	328	90	banks	bank	NOUN
cblr-5121	328	91	that	that	PRON
cblr-5121	328	92	are	be	AUX
cblr-5121	328	93	members	member	NOUN
cblr-5121	328	94	of	of	ADP
cblr-5121	328	95	the	the	DET
cblr-5121	328	96	federal	federal	PROPN
cblr-5121	328	97	reserve	reserve	PROPN
cblr-5121	328	98	system	system	NOUN
cblr-5121	328	99	,	,	PUNCT
cblr-5121	328	100	while	while	SCONJ
cblr-5121	328	101	the	the	DET
cblr-5121	328	102	occ	occ	NOUN
cblr-5121	328	103	has	have	VERB
cblr-5121	328	104	primary	primary	ADJ
cblr-5121	328	105	authority	authority	NOUN
cblr-5121	328	106	over	over	ADP
cblr-5121	328	107	national	national	ADJ
cblr-5121	328	108	banks	bank	NOUN
cblr-5121	328	109	and	and	CCONJ
cblr-5121	328	110	savings	saving	NOUN
cblr-5121	328	111	associations.78	associations.78	ADJ
cblr-5121	328	112	although	although	SCONJ
cblr-5121	328	113	the	the	DET
cblr-5121	328	114	fdic	fdic	PROPN
cblr-5121	328	115	maintains	maintain	VERB
cblr-5121	328	116	primary	primary	ADJ
cblr-5121	328	117	supervisory	supervisory	ADJ
cblr-5121	328	118	responsibility	responsibility	NOUN
cblr-5121	328	119	over	over	ADP
cblr-5121	328	120	state	state	NOUN
cblr-5121	328	121	nonmember	nonmember	PROPN
cblr-5121	328	122	banks	bank	NOUN
cblr-5121	328	123	,	,	PUNCT
cblr-5121	328	124	it	it	PRON
cblr-5121	328	125	also	also	ADV
cblr-5121	328	126	retains	retain	VERB
cblr-5121	328	127	authority	authority	NOUN
cblr-5121	328	128	to	to	PART
cblr-5121	328	129	supervise	supervise	VERB
cblr-5121	328	130	any	any	DET
cblr-5121	328	131	institution	institution	NOUN
cblr-5121	328	132	with	with	ADP
cblr-5121	328	133	deposit	deposit	NOUN
cblr-5121	328	134	insurance	insurance	NOUN
cblr-5121	328	135	.	.	PUNCT
cblr-5121	329	1	as	as	ADP
cblr-5121	329	2	a	a	DET
cblr-5121	329	3	result	result	NOUN
cblr-5121	329	4	,	,	PUNCT
cblr-5121	329	5	the	the	DET
cblr-5121	329	6	fdic	fdic	PROPN
cblr-5121	329	7	has	have	AUX
cblr-5121	329	8	overlapping	overlap	VERB
cblr-5121	329	9	backup	backup	ADJ
cblr-5121	329	10	authority	authority	NOUN
cblr-5121	329	11	to	to	PART
cblr-5121	329	12	examine	examine	VERB
cblr-5121	329	13	bank	bank	NOUN
cblr-5121	329	14	holding	hold	VERB
cblr-5121	329	15	companies	company	NOUN
cblr-5121	329	16	and	and	CCONJ
cblr-5121	329	17	financial	financial	ADJ
cblr-5121	329	18	companies	company	NOUN
cblr-5121	329	19	supervised	supervise	VERB
cblr-5121	329	20	by	by	ADP
cblr-5121	329	21	the	the	DET
cblr-5121	329	22	federal	federal	ADJ
cblr-5121	329	23	reserve.79	reserve.79	NOUN
cblr-5121	329	24	the	the	DET
cblr-5121	329	25	bulk	bulk	NOUN
cblr-5121	329	26	of	of	ADP
cblr-5121	329	27	the	the	DET
cblr-5121	329	28	federal	federal	PROPN
cblr-5121	329	29	reserve	reserve	PROPN
cblr-5121	329	30	’s	’s	PART
cblr-5121	329	31	remaining	remain	VERB
cblr-5121	329	32	supervised	supervised	ADJ
cblr-5121	329	33	entities	entity	NOUN
cblr-5121	329	34	consist	consist	VERB
cblr-5121	329	35	of	of	ADP
cblr-5121	329	36	state	state	NOUN
cblr-5121	329	37	member	member	NOUN
cblr-5121	329	38	banks	bank	NOUN
cblr-5121	329	39	,	,	PUNCT
cblr-5121	329	40	savings	saving	NOUN
cblr-5121	329	41	and	and	CCONJ
cblr-5121	329	42	loan	loan	NOUN
cblr-5121	329	43	holding	hold	VERB
cblr-5121	329	44	companies	company	NOUN
cblr-5121	329	45	,	,	PUNCT
cblr-5121	329	46	financial	financial	ADJ
cblr-5121	329	47	holding	hold	VERB
cblr-5121	329	48	companies	company	NOUN
cblr-5121	329	49	,	,	PUNCT
cblr-5121	329	50	and	and	CCONJ
cblr-5121	329	51	foreign	foreign	ADJ
cblr-5121	329	52	banks.80	banks.80	PROPN
cblr-5121	329	53	77	77	NUM
cblr-5121	329	54	see	see	VERB
cblr-5121	329	55	eric	eric	PROPN
cblr-5121	329	56	j.	j.	PROPN
cblr-5121	329	57	pan	pan	PROPN
cblr-5121	329	58	,	,	PUNCT
cblr-5121	329	59	organizing	organize	VERB
cblr-5121	329	60	regional	regional	ADJ
cblr-5121	329	61	systems	system	NOUN
cblr-5121	329	62	:	:	PUNCT
cblr-5121	329	63	the	the	DET
cblr-5121	329	64	us	us	PROPN
cblr-5121	329	65	example	example	NOUN
cblr-5121	329	66	,	,	PUNCT
cblr-5121	329	67	in	in	ADP
cblr-5121	329	68	the	the	DET
cblr-5121	329	69	oxford	oxford	PROPN
cblr-5121	329	70	handbook	handbook	NOUN
cblr-5121	329	71	of	of	ADP
cblr-5121	329	72	financial	financial	ADJ
cblr-5121	329	73	regulation	regulation	NOUN
cblr-5121	329	74	188	188	NUM
cblr-5121	329	75	,	,	PUNCT
cblr-5121	329	76	198–203	198–203	NUM
cblr-5121	329	77	(	(	PUNCT
cblr-5121	329	78	niamh	niamh	PROPN
cblr-5121	329	79	moloney	moloney	PROPN
cblr-5121	329	80	et	et	PROPN
cblr-5121	329	81	al	al	PROPN
cblr-5121	329	82	.	.	PUNCT
cblr-5121	329	83	eds	eds	PROPN
cblr-5121	329	84	.	.	PROPN
cblr-5121	329	85	,	,	PUNCT
cblr-5121	329	86	2015	2015	NUM
cblr-5121	329	87	)	)	PUNCT
cblr-5121	329	88	.	.	PUNCT
cblr-5121	330	1	78	78	NUM
cblr-5121	330	2	see	see	VERB
cblr-5121	330	3	board	board	NOUN
cblr-5121	330	4	of	of	ADP
cblr-5121	330	5	governors	governor	NOUN
cblr-5121	330	6	of	of	ADP
cblr-5121	330	7	the	the	DET
cblr-5121	330	8	fed	fed	PROPN
cblr-5121	330	9	.	.	PUNCT
cblr-5121	331	1	reserve	reserve	PROPN
cblr-5121	331	2	sys	sys	PROPN
cblr-5121	331	3	.	.	PROPN
cblr-5121	331	4	,	,	PUNCT
cblr-5121	331	5	supervising	supervise	VERB
cblr-5121	331	6	and	and	CCONJ
cblr-5121	331	7	regulating	regulate	VERB
cblr-5121	331	8	financial	financial	ADJ
cblr-5121	331	9	institutions	institution	NOUN
cblr-5121	331	10	and	and	CCONJ
cblr-5121	331	11	activities	activity	NOUN
cblr-5121	331	12	,	,	PUNCT
cblr-5121	331	13	in	in	ADP
cblr-5121	331	14	the	the	DET
cblr-5121	331	15	federal	federal	PROPN
cblr-5121	331	16	reserve	reserve	PROPN
cblr-5121	331	17	system	system	NOUN
cblr-5121	331	18	purposes	purpose	NOUN
cblr-5121	331	19	&	&	CCONJ
cblr-5121	331	20	functions	function	NOUN
cblr-5121	331	21	72	72	NUM
cblr-5121	331	22	,	,	PUNCT
cblr-5121	331	23	74–77	74–77	NUM
cblr-5121	331	24	(	(	PUNCT
cblr-5121	331	25	2018	2018	NUM
cblr-5121	331	26	)	)	PUNCT
cblr-5121	331	27	,	,	PUNCT
cblr-5121	331	28	https://www.federalreserve.gov/aboutthefed/files/pf_5.pdf	https://www.federalreserve.gov/aboutthefed/files/pf_5.pdf	PROPN
cblr-5121	332	1	[	[	X
cblr-5121	332	2	https://perma.cc/k3yh-36ar	https://perma.cc/k3yh-36ar	NOUN
cblr-5121	332	3	]	]	PUNCT
cblr-5121	332	4	.	.	PUNCT
cblr-5121	333	1	the	the	DET
cblr-5121	333	2	federal	federal	PROPN
cblr-5121	333	3	reserve	reserve	PROPN
cblr-5121	333	4	also	also	ADV
cblr-5121	333	5	oversees	oversee	VERB
cblr-5121	333	6	a	a	DET
cblr-5121	333	7	number	number	NOUN
cblr-5121	333	8	of	of	ADP
cblr-5121	333	9	other	other	ADJ
cblr-5121	333	10	financial	financial	ADJ
cblr-5121	333	11	entities	entity	NOUN
cblr-5121	333	12	,	,	PUNCT
cblr-5121	333	13	including	include	VERB
cblr-5121	333	14	foreign	foreign	ADJ
cblr-5121	333	15	banking	banking	NOUN
cblr-5121	333	16	organizations	organization	NOUN
cblr-5121	333	17	,	,	PUNCT
cblr-5121	333	18	systemically	systemically	ADV
cblr-5121	333	19	important	important	ADJ
cblr-5121	333	20	financial	financial	ADJ
cblr-5121	333	21	institutions	institution	NOUN
cblr-5121	333	22	,	,	PUNCT
cblr-5121	333	23	and	and	CCONJ
cblr-5121	333	24	savings	saving	NOUN
cblr-5121	333	25	and	and	CCONJ
cblr-5121	333	26	loan	loan	NOUN
cblr-5121	333	27	holding	hold	VERB
cblr-5121	333	28	companies	company	NOUN
cblr-5121	333	29	.	.	PUNCT
cblr-5121	334	1	i	i	PRON
cblr-5121	334	2	d.	d.	PROPN
cblr-5121	334	3	at	at	ADP
cblr-5121	334	4	74–80	74–80	PROPN
cblr-5121	334	5	.	.	PUNCT
cblr-5121	335	1	79	79	NUM
cblr-5121	335	2	12	12	NUM
cblr-5121	335	3	u.s.c	u.s.c	NOUN
cblr-5121	335	4	.	.	PUNCT
cblr-5121	336	1	§	§	PROPN
cblr-5121	336	2	1820(b)(3)(a	1820(b)(3)(a	NUM
cblr-5121	336	3	)	)	PUNCT
cblr-5121	336	4	(	(	PUNCT
cblr-5121	336	5	2012	2012	NUM
cblr-5121	336	6	)	)	PUNCT
cblr-5121	336	7	.	.	PUNCT
cblr-5121	337	1	80	80	NUM
cblr-5121	337	2	see	see	VERB
cblr-5121	337	3	board	board	NOUN
cblr-5121	337	4	of	of	ADP
cblr-5121	337	5	governors	governor	NOUN
cblr-5121	337	6	of	of	ADP
cblr-5121	337	7	the	the	DET
cblr-5121	337	8	fed	fed	PROPN
cblr-5121	337	9	.	.	PUNCT
cblr-5121	338	1	reserve	reserve	PROPN
cblr-5121	338	2	sys	sys	PROPN
cblr-5121	338	3	.	.	PROPN
cblr-5121	338	4	,	,	PUNCT
cblr-5121	338	5	supra	supra	PROPN
cblr-5121	338	6	note	note	PROPN
cblr-5121	338	7	78	78	NUM
cblr-5121	338	8	,	,	PUNCT
cblr-5121	338	9	at	at	ADP
cblr-5121	338	10	74–80	74–80	NUM
cblr-5121	338	11	.	.	PUNCT
cblr-5121	339	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	339	2	(	(	PUNCT
cblr-5121	339	3	do	do	AUX
cblr-5121	339	4	not	not	PART
cblr-5121	339	5	delte	delte	VERB
cblr-5121	339	6	)	)	PUNCT
cblr-5121	339	7	1/3/2020	1/3/2020	NUM
cblr-5121	339	8	4:04	4:04	NUM
cblr-5121	339	9	pm	pm	NOUN
cblr-5121	339	10	1142	1142	NUM
cblr-5121	339	11	columbia	columbia	PROPN
cblr-5121	339	12	business	business	NOUN
cblr-5121	339	13	law	law	PROPN
cblr-5121	339	14	review	review	NOUN
cblr-5121	339	15	[	[	X
cblr-5121	339	16	vol	vol	NOUN
cblr-5121	339	17	.	.	NOUN
cblr-5121	339	18	2019	2019	NUM
cblr-5121	339	19	the	the	DET
cblr-5121	339	20	federal	federal	PROPN
cblr-5121	339	21	reserve	reserve	PROPN
cblr-5121	339	22	’s	’s	PART
cblr-5121	339	23	authority	authority	NOUN
cblr-5121	339	24	to	to	PART
cblr-5121	339	25	supervise	supervise	VERB
cblr-5121	339	26	bank	bank	NOUN
cblr-5121	339	27	holding	hold	VERB
cblr-5121	339	28	companies	company	NOUN
cblr-5121	339	29	on	on	ADP
cblr-5121	339	30	a	a	DET
cblr-5121	339	31	consolidated	consolidated	ADJ
cblr-5121	339	32	basis	basis	NOUN
cblr-5121	339	33	,	,	PUNCT
cblr-5121	339	34	derived	derive	VERB
cblr-5121	339	35	from	from	ADP
cblr-5121	339	36	section	section	NOUN
cblr-5121	339	37	5	5	NUM
cblr-5121	339	38	of	of	ADP
cblr-5121	339	39	the	the	DET
cblr-5121	339	40	bank	bank	NOUN
cblr-5121	339	41	holding	hold	VERB
cblr-5121	339	42	company	company	NOUN
cblr-5121	339	43	act,81	act,81	NOUN
cblr-5121	339	44	vests	vest	NOUN
cblr-5121	339	45	significant	significant	ADJ
cblr-5121	339	46	supervisory	supervisory	ADJ
cblr-5121	339	47	authority	authority	NOUN
cblr-5121	339	48	over	over	ADP
cblr-5121	339	49	the	the	DET
cblr-5121	339	50	largest	large	ADJ
cblr-5121	339	51	financial	financial	ADJ
cblr-5121	339	52	companies	company	NOUN
cblr-5121	339	53	in	in	ADP
cblr-5121	339	54	the	the	DET
cblr-5121	339	55	federal	federal	PROPN
cblr-5121	339	56	reserve	reserve	PROPN
cblr-5121	339	57	system	system	NOUN
cblr-5121	339	58	.	.	PUNCT
cblr-5121	340	1	as	as	ADP
cblr-5121	340	2	part	part	NOUN
cblr-5121	340	3	of	of	ADP
cblr-5121	340	4	this	this	DET
cblr-5121	340	5	authority	authority	NOUN
cblr-5121	340	6	,	,	PUNCT
cblr-5121	340	7	reserve	reserve	NOUN
cblr-5121	340	8	banks	bank	NOUN
cblr-5121	340	9	exercise	exercise	VERB
cblr-5121	340	10	front	front	ADJ
cblr-5121	340	11	-	-	PUNCT
cblr-5121	340	12	line	line	NOUN
cblr-5121	340	13	supervision	supervision	NOUN
cblr-5121	340	14	over	over	ADP
cblr-5121	340	15	bank	bank	NOUN
cblr-5121	340	16	holding	hold	VERB
cblr-5121	340	17	companies	company	NOUN
cblr-5121	340	18	located	locate	VERB
cblr-5121	340	19	within	within	ADP
cblr-5121	340	20	their	their	PRON
cblr-5121	340	21	district.82	district.82	NOUN
cblr-5121	340	22	at	at	ADP
cblr-5121	340	23	the	the	DET
cblr-5121	340	24	reserve	reserve	NOUN
cblr-5121	340	25	banks	bank	NOUN
cblr-5121	340	26	,	,	PUNCT
cblr-5121	340	27	prudential	prudential	PROPN
cblr-5121	340	28	supervision	supervision	NOUN
cblr-5121	340	29	of	of	ADP
cblr-5121	340	30	the	the	DET
cblr-5121	340	31	largest	large	ADJ
cblr-5121	340	32	bank	bank	NOUN
cblr-5121	340	33	holding	hold	VERB
cblr-5121	340	34	companies	company	NOUN
cblr-5121	340	35	is	be	AUX
cblr-5121	340	36	informal	informal	ADJ
cblr-5121	340	37	and	and	CCONJ
cblr-5121	340	38	continuous.83	continuous.83	PROPN
cblr-5121	340	39	reserve	reserve	PROPN
cblr-5121	340	40	bank	bank	PROPN
cblr-5121	340	41	staff	staff	NOUN
cblr-5121	340	42	can	can	AUX
cblr-5121	340	43	be	be	AUX
cblr-5121	340	44	dedicated	dedicate	VERB
cblr-5121	340	45	to	to	ADP
cblr-5121	340	46	supervising	supervise	VERB
cblr-5121	340	47	particular	particular	ADJ
cblr-5121	340	48	financial	financial	ADJ
cblr-5121	340	49	institutions	institution	NOUN
cblr-5121	340	50	or	or	CCONJ
cblr-5121	340	51	to	to	ADP
cblr-5121	340	52	monitoring	monitor	VERB
cblr-5121	340	53	certain	certain	ADJ
cblr-5121	340	54	types	type	NOUN
cblr-5121	340	55	of	of	ADP
cblr-5121	340	56	financial	financial	ADJ
cblr-5121	340	57	risk,84	risk,84	ADJ
cblr-5121	340	58	and	and	CCONJ
cblr-5121	340	59	largely	largely	ADV
cblr-5121	340	60	engage	engage	VERB
cblr-5121	340	61	in	in	ADP
cblr-5121	340	62	ongoing	ongoing	ADJ
cblr-5121	340	63	supervision	supervision	NOUN
cblr-5121	340	64	rather	rather	ADV
cblr-5121	340	65	than	than	ADP
cblr-5121	340	66	the	the	DET
cblr-5121	340	67	historical	historical	ADJ
cblr-5121	340	68	practice	practice	NOUN
cblr-5121	340	69	of	of	ADP
cblr-5121	340	70	regular	regular	ADJ
cblr-5121	340	71	,	,	PUNCT
cblr-5121	340	72	annual	annual	ADJ
cblr-5121	340	73	examinations.85	examinations.85	ADJ
cblr-5121	340	74	such	such	ADJ
cblr-5121	340	75	continuous	continuous	ADJ
cblr-5121	340	76	monitoring	monitoring	NOUN
cblr-5121	340	77	includes	include	VERB
cblr-5121	340	78	meeting	meeting	NOUN
cblr-5121	340	79	with	with	ADP
cblr-5121	340	80	bank	bank	NOUN
cblr-5121	340	81	management	management	NOUN
cblr-5121	340	82	,	,	PUNCT
cblr-5121	340	83	reviewing	review	VERB
cblr-5121	340	84	internal	internal	ADJ
cblr-5121	340	85	firm	firm	ADJ
cblr-5121	340	86	data	datum	NOUN
cblr-5121	340	87	,	,	PUNCT
cblr-5121	340	88	and	and	CCONJ
cblr-5121	340	89	evaluating	evaluate	VERB
cblr-5121	340	90	firms	firm	NOUN
cblr-5121	340	91	along	along	ADP
cblr-5121	340	92	several	several	ADJ
cblr-5121	340	93	metrics	metric	NOUN
cblr-5121	340	94	,	,	PUNCT
cblr-5121	340	95	including	include	VERB
cblr-5121	340	96	capital	capital	NOUN
cblr-5121	340	97	,	,	PUNCT
cblr-5121	340	98	asset	asset	NOUN
cblr-5121	340	99	quality	quality	NOUN
cblr-5121	340	100	,	,	PUNCT
cblr-5121	340	101	and	and	CCONJ
cblr-5121	340	102	management.86	management.86	NOUN
cblr-5121	340	103	to	to	PART
cblr-5121	340	104	guard	guard	VERB
cblr-5121	340	105	against	against	ADP
cblr-5121	340	106	assimilation	assimilation	NOUN
cblr-5121	340	107	into	into	ADP
cblr-5121	340	108	the	the	DET
cblr-5121	340	109	81	81	NUM
cblr-5121	340	110	see	see	NOUN
cblr-5121	340	111	fed	fed	PROPN
cblr-5121	340	112	.	.	PUNCT
cblr-5121	341	1	reserve	reserve	PROPN
cblr-5121	341	2	bank	bank	PROPN
cblr-5121	341	3	of	of	ADP
cblr-5121	341	4	n.y	n.y	PROPN
cblr-5121	341	5	.	.	PROPN
cblr-5121	341	6	,	,	PUNCT
cblr-5121	341	7	staff	staff	NOUN
cblr-5121	341	8	report	report	NOUN
cblr-5121	341	9	no	no	INTJ
cblr-5121	341	10	.	.	NOUN
cblr-5121	341	11	729	729	NUM
cblr-5121	341	12	,	,	PUNCT
cblr-5121	341	13	supervising	supervise	VERB
cblr-5121	341	14	large	large	ADJ
cblr-5121	341	15	,	,	PUNCT
cblr-5121	341	16	complex	complex	ADJ
cblr-5121	341	17	financial	financial	ADJ
cblr-5121	341	18	institutions	institution	NOUN
cblr-5121	341	19	:	:	PUNCT
cblr-5121	341	20	what	what	PRON
cblr-5121	341	21	do	do	AUX
cblr-5121	341	22	supervisors	supervisor	NOUN
cblr-5121	341	23	do	do	VERB
cblr-5121	341	24	?	?	PUNCT
cblr-5121	342	1	3	3	NUM
cblr-5121	342	2	(	(	PUNCT
cblr-5121	342	3	2015	2015	NUM
cblr-5121	342	4	)	)	PUNCT
cblr-5121	342	5	,	,	PUNCT
cblr-5121	342	6	https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr7	https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr7	PROPN
cblr-5121	342	7	29.pdf	29.pdf	PROPN
cblr-5121	342	8	[	[	X
cblr-5121	342	9	https://perma.cc/mf2z-v6fr	https://perma.cc/mf2z-v6fr	PROPN
cblr-5121	342	10	]	]	PUNCT
cblr-5121	342	11	;	;	PUNCT
cblr-5121	342	12	see	see	VERB
cblr-5121	342	13	also	also	ADV
cblr-5121	342	14	conti	conti	ADJ
cblr-5121	342	15	-	-	ADJ
cblr-5121	342	16	brown	brown	ADJ
cblr-5121	342	17	,	,	PUNCT
cblr-5121	342	18	supra	supra	PROPN
cblr-5121	342	19	note	note	NOUN
cblr-5121	342	20	13	13	NUM
cblr-5121	342	21	,	,	PUNCT
cblr-5121	342	22	at	at	ADP
cblr-5121	342	23	160–61	160–61	NUM
cblr-5121	342	24	.	.	PUNCT
cblr-5121	343	1	82	82	NUM
cblr-5121	343	2	fed	fed	PROPN
cblr-5121	343	3	.	.	PUNCT
cblr-5121	343	4	reserve	reserve	PROPN
cblr-5121	343	5	bank	bank	PROPN
cblr-5121	343	6	of	of	ADP
cblr-5121	343	7	n.y	n.y	PROPN
cblr-5121	343	8	.	.	PROPN
cblr-5121	343	9	,	,	PUNCT
cblr-5121	343	10	supra	supra	PROPN
cblr-5121	343	11	note	note	PROPN
cblr-5121	343	12	81	81	NUM
cblr-5121	343	13	,	,	PUNCT
cblr-5121	343	14	at	at	ADP
cblr-5121	343	15	7	7	NUM
cblr-5121	343	16	.	.	NUM
cblr-5121	343	17	83	83	NUM
cblr-5121	343	18	see	see	VERB
cblr-5121	343	19	i	i	PRON
cblr-5121	343	20	d.	d.	PROPN
cblr-5121	343	21	at	at	ADP
cblr-5121	343	22	10–13	10–13	NUM
cblr-5121	343	23	.	.	PUNCT
cblr-5121	344	1	although	although	SCONJ
cblr-5121	344	2	the	the	DET
cblr-5121	344	3	new	new	PROPN
cblr-5121	344	4	york	york	PROPN
cblr-5121	344	5	fed	fed	PROPN
cblr-5121	344	6	’s	’s	PART
cblr-5121	344	7	supervisory	supervisory	ADJ
cblr-5121	344	8	practices	practice	NOUN
cblr-5121	344	9	for	for	ADP
cblr-5121	344	10	large	large	ADJ
cblr-5121	344	11	bank	bank	NOUN
cblr-5121	344	12	holding	hold	VERB
cblr-5121	344	13	companies	company	NOUN
cblr-5121	344	14	is	be	AUX
cblr-5121	344	15	likely	likely	ADJ
cblr-5121	344	16	not	not	PART
cblr-5121	344	17	applicable	applicable	ADJ
cblr-5121	344	18	across	across	ADP
cblr-5121	344	19	all	all	DET
cblr-5121	344	20	federal	federal	PROPN
cblr-5121	344	21	reserve	reserve	NOUN
cblr-5121	344	22	banks	bank	NOUN
cblr-5121	344	23	,	,	PUNCT
cblr-5121	344	24	it	it	PRON
cblr-5121	344	25	accounts	account	VERB
cblr-5121	344	26	for	for	ADP
cblr-5121	344	27	the	the	DET
cblr-5121	344	28	supervision	supervision	NOUN
cblr-5121	344	29	of	of	ADP
cblr-5121	344	30	most	most	ADJ
cblr-5121	344	31	the	the	DET
cblr-5121	344	32	largest	large	ADJ
cblr-5121	344	33	financial	financial	ADJ
cblr-5121	344	34	institutions	institution	NOUN
cblr-5121	344	35	,	,	PUNCT
cblr-5121	344	36	including	include	VERB
cblr-5121	344	37	jp	jp	PROPN
cblr-5121	344	38	morgan	morgan	PROPN
cblr-5121	344	39	chase	chase	PROPN
cblr-5121	344	40	,	,	PUNCT
cblr-5121	344	41	the	the	DET
cblr-5121	344	42	goldman	goldman	PROPN
cblr-5121	344	43	sachs	sachs	PROPN
cblr-5121	344	44	group	group	PROPN
cblr-5121	344	45	,	,	PUNCT
cblr-5121	344	46	citigroup	citigroup	NOUN
cblr-5121	344	47	,	,	PUNCT
cblr-5121	344	48	and	and	CCONJ
cblr-5121	344	49	the	the	DET
cblr-5121	344	50	bank	bank	NOUN
cblr-5121	344	51	of	of	ADP
cblr-5121	344	52	new	new	PROPN
cblr-5121	344	53	york	york	PROPN
cblr-5121	344	54	mellon	mellon	PROPN
cblr-5121	344	55	corporation	corporation	PROPN
cblr-5121	344	56	.	.	PUNCT
cblr-5121	345	1	i	i	PRON
cblr-5121	345	2	d.	d.	PROPN
cblr-5121	345	3	at	at	ADP
cblr-5121	345	4	11	11	NUM
cblr-5121	345	5	n.9	n.9	NOUN
cblr-5121	345	6	.	.	PUNCT
cblr-5121	346	1	of	of	ADP
cblr-5121	346	2	the	the	DET
cblr-5121	346	3	twelve	twelve	NUM
cblr-5121	346	4	firms	firm	NOUN
cblr-5121	346	5	currently	currently	ADV
cblr-5121	346	6	in	in	ADP
cblr-5121	346	7	the	the	DET
cblr-5121	346	8	large	large	ADJ
cblr-5121	346	9	institution	institution	NOUN
cblr-5121	346	10	supervision	supervision	NOUN
cblr-5121	346	11	coordinating	coordinate	VERB
cblr-5121	346	12	committee	committee	NOUN
cblr-5121	346	13	portfolio	portfolio	NOUN
cblr-5121	346	14	,	,	PUNCT
cblr-5121	346	15	which	which	PRON
cblr-5121	346	16	represent	represent	VERB
cblr-5121	346	17	the	the	DET
cblr-5121	346	18	“	"	PUNCT
cblr-5121	346	19	largest	large	ADJ
cblr-5121	346	20	,	,	PUNCT
cblr-5121	346	21	most	most	ADV
cblr-5121	346	22	systemically	systemically	ADV
cblr-5121	346	23	important	important	ADJ
cblr-5121	346	24	financial	financial	ADJ
cblr-5121	346	25	institutions	institution	NOUN
cblr-5121	346	26	in	in	ADP
cblr-5121	346	27	the	the	DET
cblr-5121	346	28	united	united	PROPN
cblr-5121	346	29	states	states	PROPN
cblr-5121	346	30	,	,	PUNCT
cblr-5121	346	31	”	"	PUNCT
cblr-5121	346	32	nine	nine	NUM
cblr-5121	346	33	are	be	AUX
cblr-5121	346	34	located	locate	VERB
cblr-5121	346	35	in	in	ADP
cblr-5121	346	36	the	the	DET
cblr-5121	346	37	second	second	ADJ
cblr-5121	346	38	federal	federal	PROPN
cblr-5121	346	39	reserve	reserve	PROPN
cblr-5121	346	40	district	district	PROPN
cblr-5121	346	41	and	and	CCONJ
cblr-5121	346	42	are	be	AUX
cblr-5121	346	43	supervised	supervise	VERB
cblr-5121	346	44	by	by	ADP
cblr-5121	346	45	the	the	DET
cblr-5121	346	46	new	new	PROPN
cblr-5121	346	47	york	york	PROPN
cblr-5121	346	48	fed	fed	PROPN
cblr-5121	346	49	.	.	PUNCT
cblr-5121	347	1	fed	fed	PROPN
cblr-5121	347	2	.	.	PUNCT
cblr-5121	348	1	reserve	reserve	PROPN
cblr-5121	348	2	bank	bank	PROPN
cblr-5121	348	3	of	of	ADP
cblr-5121	348	4	n.y	n.y	PROPN
cblr-5121	348	5	.	.	PROPN
cblr-5121	348	6	,	,	PUNCT
cblr-5121	348	7	supra	supra	PROPN
cblr-5121	348	8	note	note	PROPN
cblr-5121	348	9	81	81	NUM
cblr-5121	348	10	,	,	PUNCT
cblr-5121	348	11	at	at	ADP
cblr-5121	348	12	11	11	NUM
cblr-5121	348	13	;	;	PUNCT
cblr-5121	348	14	large	large	ADJ
cblr-5121	348	15	institution	institution	NOUN
cblr-5121	348	16	supervision	supervision	NOUN
cblr-5121	348	17	coordinating	coordinating	NOUN
cblr-5121	348	18	committee	committee	NOUN
cblr-5121	348	19	,	,	PUNCT
cblr-5121	348	20	board	board	NOUN
cblr-5121	348	21	governors	governor	NOUN
cblr-5121	348	22	fed	feed	VERB
cblr-5121	348	23	.	.	PUNCT
cblr-5121	349	1	res	re	NOUN
cblr-5121	349	2	.	.	PUNCT
cblr-5121	350	1	sys	sys	PROPN
cblr-5121	350	2	.	.	PROPN
cblr-5121	350	3	,	,	PUNCT
cblr-5121	350	4	(	(	PUNCT
cblr-5121	350	5	nov	nov	PROPN
cblr-5121	350	6	.	.	PROPN
cblr-5121	350	7	9	9	NUM
cblr-5121	350	8	,	,	PUNCT
cblr-5121	350	9	2018	2018	NUM
cblr-5121	350	10	)	)	PUNCT
cblr-5121	350	11	,	,	PUNCT
cblr-5121	350	12	https://www.federalreserve.gov/supervisionreg/large-institutionsupervision.htm	https://www.federalreserve.gov/supervisionreg/large-institutionsupervision.htm	X
cblr-5121	351	1	[	[	X
cblr-5121	351	2	https://perma.cc/t9tx-bg7f	https://perma.cc/t9tx-bg7f	NOUN
cblr-5121	351	3	]	]	X
cblr-5121	351	4	.	.	PUNCT
cblr-5121	352	1	84	84	NUM
cblr-5121	352	2	fed	fed	PROPN
cblr-5121	352	3	.	.	PUNCT
cblr-5121	353	1	reserve	reserve	PROPN
cblr-5121	353	2	bank	bank	PROPN
cblr-5121	353	3	of	of	ADP
cblr-5121	353	4	n.y	n.y	PROPN
cblr-5121	353	5	.	.	PROPN
cblr-5121	353	6	,	,	PUNCT
cblr-5121	353	7	supra	supra	PROPN
cblr-5121	353	8	note	note	PROPN
cblr-5121	353	9	81	81	NUM
cblr-5121	353	10	,	,	PUNCT
cblr-5121	353	11	at	at	ADP
cblr-5121	353	12	11	11	NUM
cblr-5121	353	13	.	.	SYM
cblr-5121	353	14	85	85	NUM
cblr-5121	354	1	i	i	PRON
cblr-5121	354	2	d.	d.	PROPN
cblr-5121	354	3	at	at	ADP
cblr-5121	354	4	22–23	22–23	PROPN
cblr-5121	354	5	.	.	PROPN
cblr-5121	355	1	86	86	NUM
cblr-5121	355	2	fed	fed	PROPN
cblr-5121	355	3	.	.	PUNCT
cblr-5121	355	4	reserve	reserve	PROPN
cblr-5121	355	5	bank	bank	PROPN
cblr-5121	355	6	of	of	ADP
cblr-5121	355	7	phila	phila	PROPN
cblr-5121	355	8	.	.	PUNCT
cblr-5121	355	9	,	,	PUNCT
cblr-5121	355	10	supervision	supervision	NOUN
cblr-5121	355	11	,	,	PUNCT
cblr-5121	355	12	regulation	regulation	NOUN
cblr-5121	355	13	,	,	PUNCT
cblr-5121	355	14	and	and	CCONJ
cblr-5121	355	15	credit	credit	NOUN
cblr-5121	355	16	enforcement	enforcement	NOUN
cblr-5121	355	17	unit	unit	NOUN
cblr-5121	355	18	purpose	purpose	NOUN
cblr-5121	355	19	and	and	CCONJ
cblr-5121	355	20	practices	practice	NOUN
cblr-5121	355	21	8–9	8–9	PROPN
cblr-5121	355	22	(	(	PUNCT
cblr-5121	355	23	2007	2007	NUM
cblr-5121	355	24	)	)	PUNCT
cblr-5121	355	25	,	,	PUNCT
cblr-5121	355	26	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	355	27	(	(	PUNCT
cblr-5121	355	28	do	do	AUX
cblr-5121	355	29	not	not	PART
cblr-5121	355	30	delete	delete	VERB
cblr-5121	355	31	)	)	PUNCT
cblr-5121	355	32	1/3/2020	1/3/2020	NUM
cblr-5121	355	33	4:04	4:04	NUM
cblr-5121	355	34	pm	pm	NOUN
cblr-5121	355	35	no	no	NOUN
cblr-5121	355	36	.	.	PUNCT
cblr-5121	356	1	3:1123	3:1123	NUM
cblr-5121	356	2	]	]	PUNCT
cblr-5121	356	3	insider	insider	NOUN
cblr-5121	356	4	interest	interest	NOUN
cblr-5121	356	5	,	,	PUNCT
cblr-5121	356	6	not	not	PART
cblr-5121	356	7	industry	industry	NOUN
cblr-5121	356	8	influence	influence	NOUN
cblr-5121	356	9	1143	1143	NUM
cblr-5121	356	10	culture	culture	NOUN
cblr-5121	356	11	of	of	ADP
cblr-5121	356	12	the	the	DET
cblr-5121	356	13	regulated	regulated	ADJ
cblr-5121	356	14	entity	entity	NOUN
cblr-5121	356	15	(	(	PUNCT
cblr-5121	356	16	the	the	DET
cblr-5121	356	17	problem	problem	NOUN
cblr-5121	356	18	of	of	ADP
cblr-5121	356	19	“	"	PUNCT
cblr-5121	356	20	regulatory	regulatory	ADJ
cblr-5121	356	21	capture	capture	NOUN
cblr-5121	356	22	”	"	PUNCT
cblr-5121	356	23	)	)	PUNCT
cblr-5121	356	24	,	,	PUNCT
cblr-5121	356	25	supervisory	supervisory	ADJ
cblr-5121	356	26	staff	staff	NOUN
cblr-5121	356	27	regularly	regularly	ADV
cblr-5121	356	28	rotate	rotate	VERB
cblr-5121	356	29	between	between	ADP
cblr-5121	356	30	institutions.87	institutions.87	VERB
cblr-5121	356	31	to	to	PART
cblr-5121	356	32	correct	correct	VERB
cblr-5121	356	33	deficiencies	deficiency	NOUN
cblr-5121	356	34	at	at	ADP
cblr-5121	356	35	financial	financial	ADJ
cblr-5121	356	36	institutions	institution	NOUN
cblr-5121	356	37	,	,	PUNCT
cblr-5121	356	38	the	the	DET
cblr-5121	356	39	federal	federal	PROPN
cblr-5121	356	40	reserve	reserve	PROPN
cblr-5121	356	41	issues	issue	NOUN
cblr-5121	356	42	informal	informal	ADJ
cblr-5121	356	43	and	and	CCONJ
cblr-5121	356	44	formal	formal	ADJ
cblr-5121	356	45	enforcement	enforcement	NOUN
cblr-5121	356	46	actions	action	NOUN
cblr-5121	356	47	.	.	PUNCT
cblr-5121	357	1	reserve	reserve	NOUN
cblr-5121	357	2	banks	bank	NOUN
cblr-5121	357	3	only	only	ADV
cblr-5121	357	4	have	have	VERB
cblr-5121	357	5	authority	authority	NOUN
cblr-5121	357	6	to	to	PART
cblr-5121	357	7	issue	issue	VERB
cblr-5121	357	8	informal	informal	ADJ
cblr-5121	357	9	enforcement	enforcement	NOUN
cblr-5121	357	10	actions	action	NOUN
cblr-5121	357	11	—	—	PUNCT
cblr-5121	357	12	corrective	corrective	ADJ
cblr-5121	357	13	actions	action	NOUN
cblr-5121	357	14	voluntarily	voluntarily	ADV
cblr-5121	357	15	implemented	implement	VERB
cblr-5121	357	16	by	by	ADP
cblr-5121	357	17	banks	bank	NOUN
cblr-5121	357	18	that	that	PRON
cblr-5121	357	19	range	range	VERB
cblr-5121	357	20	in	in	ADP
cblr-5121	357	21	severity	severity	NOUN
cblr-5121	357	22	from	from	ADP
cblr-5121	357	23	supervisory	supervisory	ADJ
cblr-5121	357	24	letters	letter	NOUN
cblr-5121	357	25	(	(	PUNCT
cblr-5121	357	26	the	the	DET
cblr-5121	357	27	least	least	ADV
cblr-5121	357	28	severe	severe	ADJ
cblr-5121	357	29	informal	informal	ADJ
cblr-5121	357	30	action	action	NOUN
cblr-5121	357	31	)	)	PUNCT
cblr-5121	357	32	to	to	PART
cblr-5121	357	33	memoranda	memoranda	VERB
cblr-5121	357	34	of	of	ADP
cblr-5121	357	35	understanding	understanding	NOUN
cblr-5121	357	36	(	(	PUNCT
cblr-5121	357	37	the	the	DET
cblr-5121	357	38	most	most	ADV
cblr-5121	357	39	severe).88	severe).88	ADJ
cblr-5121	357	40	formal	formal	ADJ
cblr-5121	357	41	enforcement	enforcement	NOUN
cblr-5121	357	42	actions	action	NOUN
cblr-5121	357	43	,	,	PUNCT
cblr-5121	357	44	by	by	ADP
cblr-5121	357	45	contrast	contrast	NOUN
cblr-5121	357	46	,	,	PUNCT
cblr-5121	357	47	can	can	AUX
cblr-5121	357	48	only	only	ADV
cblr-5121	357	49	be	be	AUX
cblr-5121	357	50	undertaken	undertake	VERB
cblr-5121	357	51	by	by	ADP
cblr-5121	357	52	the	the	DET
cblr-5121	357	53	board	board	NOUN
cblr-5121	357	54	of	of	ADP
cblr-5121	357	55	governors	governor	NOUN
cblr-5121	357	56	,	,	PUNCT
cblr-5121	357	57	and	and	CCONJ
cblr-5121	357	58	address	address	VERB
cblr-5121	357	59	more	more	ADV
cblr-5121	357	60	significant	significant	ADJ
cblr-5121	357	61	institutional	institutional	ADJ
cblr-5121	357	62	failures	failure	NOUN
cblr-5121	357	63	,	,	PUNCT
cblr-5121	357	64	including	include	VERB
cblr-5121	357	65	insufficient	insufficient	ADJ
cblr-5121	357	66	responses	response	NOUN
cblr-5121	357	67	to	to	ADP
cblr-5121	357	68	informal	informal	ADJ
cblr-5121	357	69	actions	action	NOUN
cblr-5121	357	70	or	or	CCONJ
cblr-5121	357	71	violations	violation	NOUN
cblr-5121	357	72	of	of	ADP
cblr-5121	357	73	laws	law	NOUN
cblr-5121	357	74	or	or	CCONJ
cblr-5121	357	75	regulations.89	regulations.89	NOUN
cblr-5121	357	76	recent	recent	ADJ
cblr-5121	357	77	informal	informal	ADJ
cblr-5121	357	78	enforcement	enforcement	NOUN
cblr-5121	357	79	actions	action	NOUN
cblr-5121	357	80	for	for	ADP
cblr-5121	357	81	large	large	ADJ
cblr-5121	357	82	,	,	PUNCT
cblr-5121	357	83	important	important	ADJ
cblr-5121	357	84	financial	financial	ADJ
cblr-5121	357	85	institutions	institution	NOUN
cblr-5121	357	86	taken	take	VERB
cblr-5121	357	87	by	by	ADP
cblr-5121	357	88	the	the	DET
cblr-5121	357	89	new	new	PROPN
cblr-5121	357	90	york	york	PROPN
cblr-5121	357	91	fed	fed	PROPN
cblr-5121	357	92	overwhelmingly	overwhelmingly	ADV
cblr-5121	357	93	involved	involve	VERB
cblr-5121	357	94	matters	matter	NOUN
cblr-5121	357	95	requiring	require	VERB
cblr-5121	357	96	attention	attention	NOUN
cblr-5121	357	97	or	or	CCONJ
cblr-5121	357	98	matters	matter	NOUN
cblr-5121	357	99	requiring	require	VERB
cblr-5121	357	100	immediate	immediate	ADJ
cblr-5121	357	101	attention	attention	NOUN
cblr-5121	357	102	,	,	PUNCT
cblr-5121	357	103	both	both	PRON
cblr-5121	357	104	of	of	ADP
cblr-5121	357	105	which	which	PRON
cblr-5121	357	106	identify	identify	VERB
cblr-5121	357	107	supervisory	supervisory	ADJ
cblr-5121	357	108	concerns	concern	NOUN
cblr-5121	357	109	and	and	CCONJ
cblr-5121	357	110	require	require	VERB
cblr-5121	357	111	the	the	DET
cblr-5121	357	112	regulated	regulated	ADJ
cblr-5121	357	113	institution	institution	NOUN
cblr-5121	357	114	to	to	PART
cblr-5121	357	115	submit	submit	VERB
cblr-5121	357	116	corresponding	corresponding	ADJ
cblr-5121	357	117	corrective	corrective	ADJ
cblr-5121	357	118	plans.90	plans.90	PROPN
cblr-5121	357	119	b.	b.	PROPN
cblr-5121	357	120	reserve	reserve	PROPN
cblr-5121	357	121	bank	bank	PROPN
cblr-5121	357	122	supervision	supervision	NOUN
cblr-5121	357	123	and	and	CCONJ
cblr-5121	357	124	the	the	DET
cblr-5121	357	125	board	board	NOUN
cblr-5121	357	126	of	of	ADP
cblr-5121	357	127	governors	governor	NOUN
cblr-5121	357	128	the	the	DET
cblr-5121	357	129	reserve	reserve	NOUN
cblr-5121	357	130	banks	bank	NOUN
cblr-5121	357	131	,	,	PUNCT
cblr-5121	357	132	however	however	ADV
cblr-5121	357	133	,	,	PUNCT
cblr-5121	357	134	do	do	AUX
cblr-5121	357	135	not	not	PART
cblr-5121	357	136	supervise	supervise	VERB
cblr-5121	357	137	in	in	ADP
cblr-5121	357	138	a	a	DET
cblr-5121	357	139	vacuum	vacuum	NOUN
cblr-5121	357	140	.	.	PUNCT
cblr-5121	358	1	their	their	PRON
cblr-5121	358	2	power	power	NOUN
cblr-5121	358	3	is	be	AUX
cblr-5121	358	4	constrained	constrain	VERB
cblr-5121	358	5	by	by	ADP
cblr-5121	358	6	the	the	DET
cblr-5121	358	7	authority	authority	NOUN
cblr-5121	358	8	of	of	ADP
cblr-5121	358	9	the	the	DET
cblr-5121	358	10	board	board	NOUN
cblr-5121	358	11	of	of	ADP
cblr-5121	358	12	governors	governor	NOUN
cblr-5121	358	13	and	and	CCONJ
cblr-5121	358	14	the	the	DET
cblr-5121	358	15	informal	informal	ADJ
cblr-5121	358	16	nature	nature	NOUN
cblr-5121	358	17	of	of	ADP
cblr-5121	358	18	enforcement	enforcement	NOUN
cblr-5121	358	19	actions	action	NOUN
cblr-5121	358	20	that	that	PRON
cblr-5121	358	21	reserve	reserve	NOUN
cblr-5121	358	22	banks	bank	NOUN
cblr-5121	358	23	can	can	AUX
cblr-5121	358	24	administer	administer	VERB
cblr-5121	358	25	.	.	PUNCT
cblr-5121	359	1	additionally	additionally	ADV
cblr-5121	359	2	,	,	PUNCT
cblr-5121	359	3	the	the	DET
cblr-5121	359	4	https://www.phil.frb.org/-/media/bankresources/publications/purpose_and_practices.pdf?la=en	https://www.phil.frb.org/-/media/bankresources/publications/purpose_and_practices.pdf?la=en	PROPN
cblr-5121	360	1	[	[	X
cblr-5121	360	2	https://perma.cc/54nr-hy3w	https://perma.cc/54nr-hy3w	X
cblr-5121	360	3	]	]	PUNCT
cblr-5121	360	4	.	.	PUNCT
cblr-5121	361	1	87	87	NUM
cblr-5121	361	2	fed	fed	PROPN
cblr-5121	361	3	.	.	PUNCT
cblr-5121	362	1	reserve	reserve	PROPN
cblr-5121	362	2	bank	bank	PROPN
cblr-5121	362	3	of	of	ADP
cblr-5121	362	4	n.y	n.y	PROPN
cblr-5121	362	5	.	.	PROPN
cblr-5121	362	6	,	,	PUNCT
cblr-5121	362	7	supra	supra	PROPN
cblr-5121	362	8	note	note	PROPN
cblr-5121	362	9	81	81	NUM
cblr-5121	362	10	,	,	PUNCT
cblr-5121	362	11	at	at	ADP
cblr-5121	362	12	16	16	NUM
cblr-5121	362	13	.	.	PUNCT
cblr-5121	362	14	88	88	NUM
cblr-5121	363	1	fed	fed	PROPN
cblr-5121	363	2	.	.	PUNCT
cblr-5121	364	1	reserve	reserve	PROPN
cblr-5121	364	2	bank	bank	PROPN
cblr-5121	364	3	of	of	ADP
cblr-5121	364	4	phila	phila	PROPN
cblr-5121	364	5	.	.	PUNCT
cblr-5121	365	1	,	,	PUNCT
cblr-5121	365	2	supra	supra	PROPN
cblr-5121	365	3	note	note	PROPN
cblr-5121	365	4	86	86	NUM
cblr-5121	365	5	,	,	PUNCT
cblr-5121	365	6	at	at	ADP
cblr-5121	365	7	9–12	9–12	PROPN
cblr-5121	365	8	.	.	PUNCT
cblr-5121	366	1	89	89	NUM
cblr-5121	367	1	i	i	PRON
cblr-5121	367	2	d.	d.	PROPN
cblr-5121	367	3	at	at	ADP
cblr-5121	367	4	12–13	12–13	NUM
cblr-5121	367	5	.	.	PUNCT
cblr-5121	368	1	90	90	NUM
cblr-5121	368	2	fed	fed	PROPN
cblr-5121	368	3	.	.	PUNCT
cblr-5121	368	4	reserve	reserve	PROPN
cblr-5121	368	5	bank	bank	PROPN
cblr-5121	368	6	of	of	ADP
cblr-5121	368	7	n.y	n.y	PROPN
cblr-5121	368	8	,	,	PUNCT
cblr-5121	368	9	,	,	PUNCT
cblr-5121	368	10	supra	supra	PROPN
cblr-5121	368	11	note	note	PROPN
cblr-5121	368	12	81	81	NUM
cblr-5121	368	13	,	,	PUNCT
cblr-5121	368	14	at	at	ADP
cblr-5121	368	15	29–30	29–30	NUM
cblr-5121	368	16	.	.	PUNCT
cblr-5121	369	1	matters	matter	NOUN
cblr-5121	369	2	requiring	require	VERB
cblr-5121	369	3	attention	attention	NOUN
cblr-5121	369	4	comprised	comprise	VERB
cblr-5121	369	5	1340	1340	NUM
cblr-5121	369	6	of	of	ADP
cblr-5121	369	7	the	the	DET
cblr-5121	369	8	over	over	ADP
cblr-5121	369	9	1500	1500	NUM
cblr-5121	369	10	supervisory	supervisory	ADJ
cblr-5121	369	11	actions	action	NOUN
cblr-5121	369	12	issued	issue	VERB
cblr-5121	369	13	to	to	ADP
cblr-5121	369	14	large	large	ADJ
cblr-5121	369	15	financial	financial	ADJ
cblr-5121	369	16	institutions	institution	NOUN
cblr-5121	369	17	by	by	ADP
cblr-5121	369	18	the	the	DET
cblr-5121	369	19	new	new	PROPN
cblr-5121	369	20	york	york	PROPN
cblr-5121	369	21	fed	feed	VERB
cblr-5121	369	22	from	from	ADP
cblr-5121	369	23	2011	2011	NUM
cblr-5121	369	24	to	to	ADP
cblr-5121	369	25	the	the	DET
cblr-5121	369	26	end	end	NOUN
cblr-5121	369	27	of	of	ADP
cblr-5121	369	28	2014	2014	NUM
cblr-5121	369	29	.	.	PUNCT
cblr-5121	370	1	i	i	PRON
cblr-5121	370	2	d.	d.	PROPN
cblr-5121	370	3	at	at	ADP
cblr-5121	370	4	29	29	NUM
cblr-5121	370	5	,	,	PUNCT
cblr-5121	370	6	fig.7	fig.7	ADJ
cblr-5121	370	7	.	.	PUNCT
cblr-5121	371	1	matters	matter	NOUN
cblr-5121	371	2	requiring	require	VERB
cblr-5121	371	3	immediate	immediate	ADJ
cblr-5121	371	4	attention	attention	NOUN
cblr-5121	371	5	,	,	PUNCT
cblr-5121	371	6	the	the	DET
cblr-5121	371	7	second	second	ADV
cblr-5121	371	8	largest	large	ADJ
cblr-5121	371	9	subgroup	subgroup	NOUN
cblr-5121	371	10	of	of	ADP
cblr-5121	371	11	informal	informal	ADJ
cblr-5121	371	12	enforcement	enforcement	NOUN
cblr-5121	371	13	actions	action	NOUN
cblr-5121	371	14	,	,	PUNCT
cblr-5121	371	15	comprised	comprise	VERB
cblr-5121	371	16	fewer	few	ADJ
cblr-5121	371	17	than	than	ADP
cblr-5121	371	18	200	200	NUM
cblr-5121	371	19	of	of	ADP
cblr-5121	371	20	the	the	DET
cblr-5121	371	21	1540	1540	NUM
cblr-5121	371	22	actions	action	NOUN
cblr-5121	371	23	.	.	PUNCT
cblr-5121	372	1	i	i	PRON
cblr-5121	372	2	d.	d.	PROPN
cblr-5121	372	3	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	372	4	(	(	PUNCT
cblr-5121	372	5	do	do	AUX
cblr-5121	372	6	not	not	PART
cblr-5121	372	7	delte	delte	VERB
cblr-5121	372	8	)	)	PUNCT
cblr-5121	372	9	1/3/2020	1/3/2020	NUM
cblr-5121	372	10	4:04	4:04	NUM
cblr-5121	372	11	pm	pm	PROPN
cblr-5121	372	12	1144	1144	NUM
cblr-5121	372	13	columbia	columbia	PROPN
cblr-5121	372	14	business	business	PROPN
cblr-5121	372	15	law	law	PROPN
cblr-5121	372	16	review	review	NOUN
cblr-5121	372	17	[	[	X
cblr-5121	372	18	vol	vol	NOUN
cblr-5121	372	19	.	.	PUNCT
cblr-5121	372	20	2019	2019	NUM
cblr-5121	372	21	reserve	reserve	NOUN
cblr-5121	372	22	banks	bank	NOUN
cblr-5121	372	23	only	only	ADV
cblr-5121	372	24	exercise	exercise	VERB
cblr-5121	372	25	authority	authority	NOUN
cblr-5121	372	26	within	within	ADP
cblr-5121	372	27	the	the	DET
cblr-5121	372	28	broader	broad	ADJ
cblr-5121	372	29	supervisory	supervisory	ADJ
cblr-5121	372	30	boundaries	boundary	NOUN
cblr-5121	372	31	established	establish	VERB
cblr-5121	372	32	by	by	ADP
cblr-5121	372	33	the	the	DET
cblr-5121	372	34	board	board	NOUN
cblr-5121	372	35	of	of	ADP
cblr-5121	372	36	governors	governor	NOUN
cblr-5121	372	37	,	,	PUNCT
cblr-5121	372	38	which	which	PRON
cblr-5121	372	39	retains	retain	VERB
cblr-5121	372	40	the	the	DET
cblr-5121	372	41	non	non	ADJ
cblr-5121	372	42	-	-	ADJ
cblr-5121	372	43	delegable	delegable	ADJ
cblr-5121	372	44	responsibility	responsibility	NOUN
cblr-5121	372	45	to	to	PART
cblr-5121	372	46	establish	establish	VERB
cblr-5121	372	47	supervisory	supervisory	ADJ
cblr-5121	372	48	and	and	CCONJ
cblr-5121	372	49	regulatory	regulatory	ADJ
cblr-5121	372	50	policies	policy	NOUN
cblr-5121	372	51	for	for	ADP
cblr-5121	372	52	federal	federal	ADJ
cblr-5121	372	53	reserve	reserve	NOUN
cblr-5121	372	54	-	-	PUNCT
cblr-5121	372	55	regulated	regulate	VERB
cblr-5121	372	56	institutions.91	institutions.91	NOUN
cblr-5121	372	57	moreover	moreover	ADV
cblr-5121	372	58	,	,	PUNCT
cblr-5121	372	59	the	the	DET
cblr-5121	372	60	federal	federal	PROPN
cblr-5121	372	61	reserve	reserve	NOUN
cblr-5121	372	62	system	system	NOUN
cblr-5121	372	63	has	have	AUX
cblr-5121	372	64	recently	recently	ADV
cblr-5121	372	65	trended	trend	VERB
cblr-5121	372	66	toward	toward	ADP
cblr-5121	372	67	consolidating	consolidate	VERB
cblr-5121	372	68	supervisory	supervisory	ADJ
cblr-5121	372	69	and	and	CCONJ
cblr-5121	372	70	regulatory	regulatory	ADJ
cblr-5121	372	71	authority	authority	NOUN
cblr-5121	372	72	with	with	ADP
cblr-5121	372	73	the	the	DET
cblr-5121	372	74	board	board	NOUN
cblr-5121	372	75	of	of	ADP
cblr-5121	372	76	governors	governor	NOUN
cblr-5121	372	77	.	.	PUNCT
cblr-5121	373	1	title	title	NOUN
cblr-5121	373	2	xi	xi	ADP
cblr-5121	373	3	of	of	ADP
cblr-5121	373	4	the	the	DET
cblr-5121	373	5	doddfrank	doddfrank	NOUN
cblr-5121	373	6	act	act	NOUN
cblr-5121	373	7	formally	formally	ADV
cblr-5121	373	8	established	establish	VERB
cblr-5121	373	9	a	a	DET
cblr-5121	373	10	vice	vice	NOUN
cblr-5121	373	11	chairman	chairman	NOUN
cblr-5121	373	12	for	for	ADP
cblr-5121	373	13	supervision	supervision	NOUN
cblr-5121	373	14	position	position	NOUN
cblr-5121	373	15	on	on	ADP
cblr-5121	373	16	the	the	DET
cblr-5121	373	17	board	board	NOUN
cblr-5121	373	18	of	of	ADP
cblr-5121	373	19	governors	governor	NOUN
cblr-5121	373	20	,	,	PUNCT
cblr-5121	373	21	a	a	DET
cblr-5121	373	22	position	position	NOUN
cblr-5121	373	23	dedicated	dedicate	VERB
cblr-5121	373	24	to	to	ADP
cblr-5121	373	25	financial	financial	ADJ
cblr-5121	373	26	supervision	supervision	NOUN
cblr-5121	373	27	and	and	CCONJ
cblr-5121	373	28	regulation	regulation	NOUN
cblr-5121	373	29	.	.	PUNCT
cblr-5121	374	1	the	the	DET
cblr-5121	374	2	doddfrank	doddfrank	PROPN
cblr-5121	374	3	act	act	PROPN
cblr-5121	374	4	tasks	task	VERB
cblr-5121	374	5	the	the	DET
cblr-5121	374	6	vice	vice	NOUN
cblr-5121	374	7	chairman	chairman	NOUN
cblr-5121	374	8	with	with	ADP
cblr-5121	374	9	“	"	PUNCT
cblr-5121	374	10	develop[ing	develop[e	VERB
cblr-5121	374	11	]	]	PUNCT
cblr-5121	374	12	policy	policy	NOUN
cblr-5121	374	13	recommendations	recommendation	NOUN
cblr-5121	374	14	for	for	ADP
cblr-5121	374	15	the	the	DET
cblr-5121	374	16	board	board	NOUN
cblr-5121	374	17	regarding	regard	VERB
cblr-5121	374	18	supervision	supervision	NOUN
cblr-5121	374	19	and	and	CCONJ
cblr-5121	374	20	regulation	regulation	NOUN
cblr-5121	374	21	of	of	ADP
cblr-5121	374	22	depository	depository	NOUN
cblr-5121	374	23	institution	institution	NOUN
cblr-5121	374	24	holding	hold	VERB
cblr-5121	374	25	companies	company	NOUN
cblr-5121	374	26	and	and	CCONJ
cblr-5121	374	27	other	other	ADJ
cblr-5121	374	28	financial	financial	ADJ
cblr-5121	374	29	firms	firm	NOUN
cblr-5121	374	30	supervised	supervise	VERB
cblr-5121	374	31	by	by	ADP
cblr-5121	374	32	the	the	DET
cblr-5121	374	33	board	board	NOUN
cblr-5121	374	34	,	,	PUNCT
cblr-5121	374	35	and	and	CCONJ
cblr-5121	374	36	.	.	PUNCT
cblr-5121	374	37	.	.	PUNCT
cblr-5121	375	1	.	.	PUNCT
cblr-5121	376	1	oversee[ing	oversee[e	VERB
cblr-5121	376	2	]	]	PUNCT
cblr-5121	376	3	the	the	DET
cblr-5121	376	4	supervision	supervision	NOUN
cblr-5121	376	5	and	and	CCONJ
cblr-5121	376	6	regulation	regulation	NOUN
cblr-5121	376	7	of	of	ADP
cblr-5121	376	8	such	such	ADJ
cblr-5121	376	9	firms,”92	firms,”92	NOUN
cblr-5121	376	10	thus	thus	ADV
cblr-5121	376	11	squarely	squarely	ADV
cblr-5121	376	12	locating	locate	VERB
cblr-5121	376	13	federal	federal	ADJ
cblr-5121	376	14	reserve	reserve	NOUN
cblr-5121	376	15	regulatory	regulatory	ADJ
cblr-5121	376	16	responsibility	responsibility	NOUN
cblr-5121	376	17	in	in	ADP
cblr-5121	376	18	one	one	NUM
cblr-5121	376	19	governor.93	governor.93	VERB
cblr-5121	376	20	the	the	DET
cblr-5121	376	21	vice	vice	NOUN
cblr-5121	376	22	chairman	chairman	NOUN
cblr-5121	376	23	for	for	ADP
cblr-5121	376	24	supervision	supervision	NOUN
cblr-5121	376	25	also	also	ADV
cblr-5121	376	26	publicly	publicly	ADV
cblr-5121	376	27	spearheads	spearhead	VERB
cblr-5121	376	28	the	the	DET
cblr-5121	376	29	federal	federal	PROPN
cblr-5121	376	30	reserve	reserve	PROPN
cblr-5121	376	31	’s	’s	PART
cblr-5121	376	32	regulatory	regulatory	ADJ
cblr-5121	376	33	efforts	effort	NOUN
cblr-5121	376	34	,	,	PUNCT
cblr-5121	376	35	including	include	VERB
cblr-5121	376	36	annual	annual	ADJ
cblr-5121	376	37	stress	stress	NOUN
cblr-5121	376	38	tests	test	NOUN
cblr-5121	376	39	for	for	ADP
cblr-5121	376	40	the	the	DET
cblr-5121	376	41	largest	large	ADJ
cblr-5121	376	42	bank	bank	NOUN
cblr-5121	376	43	holding	hold	VERB
cblr-5121	376	44	companies.94	companies.94	NOUN
cblr-5121	376	45	additionally	additionally	ADV
cblr-5121	376	46	,	,	PUNCT
cblr-5121	376	47	internal	internal	ADJ
cblr-5121	376	48	changes	change	NOUN
cblr-5121	376	49	to	to	ADP
cblr-5121	376	50	the	the	DET
cblr-5121	376	51	supervisory	supervisory	ADJ
cblr-5121	376	52	process	process	NOUN
cblr-5121	376	53	have	have	AUX
cblr-5121	376	54	apparently	apparently	ADV
cblr-5121	376	55	stripped	strip	VERB
cblr-5121	376	56	supervisory	supervisory	ADJ
cblr-5121	376	57	power	power	NOUN
cblr-5121	376	58	over	over	ADP
cblr-5121	376	59	the	the	DET
cblr-5121	376	60	largest	large	ADJ
cblr-5121	376	61	91	91	NUM
cblr-5121	376	62	12	12	NUM
cblr-5121	376	63	u.s.c	u.s.c	NOUN
cblr-5121	376	64	.	.	PUNCT
cblr-5121	377	1	§	§	PROPN
cblr-5121	377	2	248(k	248(k	PROPN
cblr-5121	377	3	)	)	PUNCT
cblr-5121	377	4	(	(	PUNCT
cblr-5121	377	5	2012	2012	NUM
cblr-5121	377	6	)	)	PUNCT
cblr-5121	377	7	.	.	PUNCT
cblr-5121	378	1	92	92	NUM
cblr-5121	378	2	dodd	dodd	PROPN
cblr-5121	378	3	-	-	PUNCT
cblr-5121	378	4	frank	frank	PROPN
cblr-5121	378	5	wall	wall	PROPN
cblr-5121	378	6	street	street	PROPN
cblr-5121	378	7	reform	reform	PROPN
cblr-5121	378	8	and	and	CCONJ
cblr-5121	378	9	consumer	consumer	NOUN
cblr-5121	378	10	protection	protection	PROPN
cblr-5121	378	11	act	act	PROPN
cblr-5121	378	12	,	,	PUNCT
cblr-5121	378	13	pub	pub	NOUN
cblr-5121	378	14	.	.	PUNCT
cblr-5121	379	1	l.	l.	PROPN
cblr-5121	379	2	no	no	INTJ
cblr-5121	379	3	.	.	PROPN
cblr-5121	380	1	111	111	NUM
cblr-5121	380	2	-	-	SYM
cblr-5121	380	3	203	203	NUM
cblr-5121	380	4	,	,	PUNCT
cblr-5121	380	5	§	§	PROPN
cblr-5121	380	6	1108(a)(1	1108(a)(1	NUM
cblr-5121	380	7	)	)	PUNCT
cblr-5121	380	8	,	,	PUNCT
cblr-5121	380	9	124	124	NUM
cblr-5121	380	10	stat	stat	NOUN
cblr-5121	380	11	.	.	PUNCT
cblr-5121	381	1	1376	1376	NUM
cblr-5121	381	2	,	,	PUNCT
cblr-5121	381	3	2126	2126	NUM
cblr-5121	381	4	(	(	PUNCT
cblr-5121	381	5	codified	codify	VERB
cblr-5121	381	6	at	at	ADP
cblr-5121	381	7	12	12	NUM
cblr-5121	381	8	u.s.c	u.s.c	NOUN
cblr-5121	381	9	.	.	PUNCT
cblr-5121	382	1	§	§	PROPN
cblr-5121	382	2	242	242	NUM
cblr-5121	382	3	(	(	PUNCT
cblr-5121	382	4	2012	2012	NUM
cblr-5121	382	5	)	)	PUNCT
cblr-5121	382	6	)	)	PUNCT
cblr-5121	382	7	.	.	PUNCT
cblr-5121	383	1	93	93	NUM
cblr-5121	383	2	see	see	VERB
cblr-5121	383	3	conti	conti	ADJ
cblr-5121	383	4	-	-	ADJ
cblr-5121	383	5	brown	brown	ADJ
cblr-5121	383	6	,	,	PUNCT
cblr-5121	383	7	supra	supra	PROPN
cblr-5121	383	8	note	note	NOUN
cblr-5121	383	9	13	13	NUM
cblr-5121	383	10	,	,	PUNCT
cblr-5121	383	11	at	at	ADP
cblr-5121	383	12	246–47	246–47	NUM
cblr-5121	383	13	(	(	PUNCT
cblr-5121	383	14	“	"	PUNCT
cblr-5121	383	15	this	this	PRON
cblr-5121	383	16	is	be	AUX
cblr-5121	383	17	the	the	DET
cblr-5121	383	18	broadest	broad	ADJ
cblr-5121	383	19	grant	grant	NOUN
cblr-5121	383	20	of	of	ADP
cblr-5121	383	21	authority	authority	NOUN
cblr-5121	383	22	to	to	ADP
cblr-5121	383	23	an	an	DET
cblr-5121	383	24	individual	individual	NOUN
cblr-5121	383	25	in	in	ADP
cblr-5121	383	26	the	the	DET
cblr-5121	383	27	federal	federal	PROPN
cblr-5121	383	28	reserve	reserve	PROPN
cblr-5121	383	29	act	act	PROPN
cblr-5121	383	30	—	—	PUNCT
cblr-5121	383	31	greater	great	ADJ
cblr-5121	383	32	than	than	ADP
cblr-5121	383	33	even	even	ADV
cblr-5121	383	34	the	the	DET
cblr-5121	383	35	explicit	explicit	ADJ
cblr-5121	383	36	authority	authority	NOUN
cblr-5121	383	37	given	give	VERB
cblr-5121	383	38	to	to	ADP
cblr-5121	383	39	the	the	DET
cblr-5121	383	40	fed	fed	PROPN
cblr-5121	383	41	chair	chair	NOUN
cblr-5121	383	42	.	.	PUNCT
cblr-5121	383	43	”	"	PUNCT
cblr-5121	383	44	)	)	PUNCT
cblr-5121	383	45	.	.	PUNCT
cblr-5121	384	1	the	the	DET
cblr-5121	384	2	position	position	NOUN
cblr-5121	384	3	remained	remain	VERB
cblr-5121	384	4	unfilled	unfilled	ADJ
cblr-5121	384	5	through	through	ADP
cblr-5121	384	6	the	the	DET
cblr-5121	384	7	obama	obama	PROPN
cblr-5121	384	8	administration	administration	NOUN
cblr-5121	384	9	,	,	PUNCT
cblr-5121	384	10	although	although	SCONJ
cblr-5121	384	11	it	it	PRON
cblr-5121	384	12	was	be	AUX
cblr-5121	384	13	effectively	effectively	ADV
cblr-5121	384	14	staffed	staff	VERB
cblr-5121	384	15	by	by	ADP
cblr-5121	384	16	governor	governor	PROPN
cblr-5121	384	17	daniel	daniel	PROPN
cblr-5121	384	18	tarullo	tarullo	PROPN
cblr-5121	384	19	.	.	PUNCT
cblr-5121	385	1	see	see	VERB
cblr-5121	385	2	binyamin	binyamin	PROPN
cblr-5121	385	3	applebaum	applebaum	PROPN
cblr-5121	385	4	,	,	PUNCT
cblr-5121	385	5	fed	fed	PROPN
cblr-5121	385	6	’s	’s	PART
cblr-5121	385	7	proponent	proponent	NOUN
cblr-5121	385	8	for	for	ADP
cblr-5121	385	9	regulation	regulation	NOUN
cblr-5121	385	10	to	to	PART
cblr-5121	385	11	depart	depart	VERB
cblr-5121	385	12	,	,	PUNCT
cblr-5121	385	13	leaving	leave	VERB
cblr-5121	385	14	3	3	NUM
cblr-5121	385	15	vacancies	vacancy	NOUN
cblr-5121	385	16	,	,	PUNCT
cblr-5121	385	17	n.y	n.y	PROPN
cblr-5121	385	18	.	.	PROPN
cblr-5121	385	19	times	times	PROPN
cblr-5121	385	20	(	(	PUNCT
cblr-5121	385	21	feb	feb	PROPN
cblr-5121	385	22	.	.	PROPN
cblr-5121	385	23	10	10	NUM
cblr-5121	385	24	,	,	PUNCT
cblr-5121	385	25	2017	2017	NUM
cblr-5121	385	26	)	)	PUNCT
cblr-5121	385	27	,	,	PUNCT
cblr-5121	385	28	https://www.nytimes.com/2017/02/10/us/politics/daniel-tarullofederal-reserve.html	https://www.nytimes.com/2017/02/10/us/politics/daniel-tarullofederal-reserve.html	PROPN
cblr-5121	385	29	[	[	X
cblr-5121	385	30	https://perma.cc/rfz9-3u35	https://perma.cc/rfz9-3u35	X
cblr-5121	385	31	]	]	X
cblr-5121	385	32	.	.	PUNCT
cblr-5121	386	1	94	94	NUM
cblr-5121	386	2	see	see	VERB
cblr-5121	386	3	,	,	PUNCT
cblr-5121	386	4	e.g.	e.g.	ADV
cblr-5121	386	5	,	,	PUNCT
cblr-5121	386	6	randal	randal	PROPN
cblr-5121	386	7	k.	k.	PROPN
cblr-5121	386	8	quarles	quarles	PROPN
cblr-5121	386	9	,	,	PUNCT
cblr-5121	386	10	vice	vice	NOUN
cblr-5121	386	11	chairman	chairman	NOUN
cblr-5121	386	12	for	for	ADP
cblr-5121	386	13	supervision	supervision	NOUN
cblr-5121	386	14	,	,	PUNCT
cblr-5121	386	15	bd	bd	PROPN
cblr-5121	386	16	.	.	PROPN
cblr-5121	386	17	of	of	ADP
cblr-5121	386	18	governors	governor	NOUN
cblr-5121	386	19	of	of	ADP
cblr-5121	386	20	the	the	DET
cblr-5121	386	21	fed	fed	PROPN
cblr-5121	386	22	.	.	PUNCT
cblr-5121	387	1	reserve	reserve	PROPN
cblr-5121	387	2	sys	sys	PROPN
cblr-5121	387	3	.	.	PROPN
cblr-5121	387	4	,	,	PUNCT
cblr-5121	387	5	a	a	DET
cblr-5121	387	6	new	new	ADJ
cblr-5121	387	7	chapter	chapter	NOUN
cblr-5121	387	8	in	in	ADP
cblr-5121	387	9	stress	stress	NOUN
cblr-5121	387	10	testing	testing	NOUN
cblr-5121	387	11	(	(	PUNCT
cblr-5121	387	12	nov	nov	PROPN
cblr-5121	387	13	.	.	PROPN
cblr-5121	387	14	9	9	NUM
cblr-5121	387	15	,	,	PUNCT
cblr-5121	387	16	2018	2018	NUM
cblr-5121	387	17	)	)	PUNCT
cblr-5121	387	18	(	(	PUNCT
cblr-5121	387	19	transcript	transcript	NOUN
cblr-5121	387	20	available	available	ADJ
cblr-5121	387	21	at	at	ADP
cblr-5121	387	22	https://www.federalreserve.gov/newsevents/speech/quarles20181109a.htm	https://www.federalreserve.gov/newsevents/speech/quarles20181109a.htm	PROPN
cblr-5121	388	1	[	[	X
cblr-5121	388	2	https://perma.cc/3n44-m527	https://perma.cc/3n44-m527	NOUN
cblr-5121	388	3	]	]	PUNCT
cblr-5121	388	4	)	)	PUNCT
cblr-5121	388	5	.	.	PUNCT
cblr-5121	389	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	389	2	(	(	PUNCT
cblr-5121	389	3	do	do	AUX
cblr-5121	389	4	not	not	PART
cblr-5121	389	5	delete	delete	VERB
cblr-5121	389	6	)	)	PUNCT
cblr-5121	389	7	1/3/2020	1/3/2020	NUM
cblr-5121	389	8	4:04	4:04	NUM
cblr-5121	389	9	pm	pm	NOUN
cblr-5121	389	10	no	no	NOUN
cblr-5121	389	11	.	.	PUNCT
cblr-5121	390	1	3:1123	3:1123	NUM
cblr-5121	390	2	]	]	PUNCT
cblr-5121	390	3	insider	insider	NOUN
cblr-5121	390	4	interest	interest	NOUN
cblr-5121	390	5	,	,	PUNCT
cblr-5121	390	6	not	not	PART
cblr-5121	390	7	industry	industry	NOUN
cblr-5121	390	8	influence	influence	NOUN
cblr-5121	390	9	1145	1145	NUM
cblr-5121	390	10	financial	financial	ADJ
cblr-5121	390	11	institutions	institution	NOUN
cblr-5121	390	12	away	away	ADV
cblr-5121	390	13	from	from	ADP
cblr-5121	390	14	the	the	DET
cblr-5121	390	15	reserve	reserve	NOUN
cblr-5121	390	16	banks	bank	NOUN
cblr-5121	390	17	and	and	CCONJ
cblr-5121	390	18	centralized	centralize	VERB
cblr-5121	390	19	it	it	PRON
cblr-5121	390	20	with	with	ADP
cblr-5121	390	21	the	the	DET
cblr-5121	390	22	board	board	NOUN
cblr-5121	390	23	of	of	ADP
cblr-5121	390	24	governors.95	governors.95	NOUN
cblr-5121	390	25	thus	thus	ADV
cblr-5121	390	26	,	,	PUNCT
cblr-5121	390	27	as	as	SCONJ
cblr-5121	390	28	the	the	DET
cblr-5121	390	29	board	board	NOUN
cblr-5121	390	30	of	of	ADP
cblr-5121	390	31	governors	governor	NOUN
cblr-5121	390	32	has	have	AUX
cblr-5121	390	33	consolidated	consolidate	VERB
cblr-5121	390	34	regulatory	regulatory	ADJ
cblr-5121	390	35	and	and	CCONJ
cblr-5121	390	36	supervisory	supervisory	ADJ
cblr-5121	390	37	authority	authority	NOUN
cblr-5121	390	38	of	of	ADP
cblr-5121	390	39	the	the	DET
cblr-5121	390	40	federal	federal	PROPN
cblr-5121	390	41	reserve	reserve	NOUN
cblr-5121	390	42	system	system	NOUN
cblr-5121	390	43	and	and	CCONJ
cblr-5121	390	44	diminished	diminish	VERB
cblr-5121	390	45	the	the	DET
cblr-5121	390	46	authority	authority	NOUN
cblr-5121	390	47	of	of	ADP
cblr-5121	390	48	the	the	DET
cblr-5121	390	49	reserve	reserve	NOUN
cblr-5121	390	50	banks	bank	NOUN
cblr-5121	390	51	,	,	PUNCT
cblr-5121	390	52	it	it	PRON
cblr-5121	390	53	now	now	ADV
cblr-5121	390	54	maintains	maintain	VERB
cblr-5121	390	55	the	the	DET
cblr-5121	390	56	core	core	ADJ
cblr-5121	390	57	neurological	neurological	ADJ
cblr-5121	390	58	functions	function	NOUN
cblr-5121	390	59	of	of	ADP
cblr-5121	390	60	regulation	regulation	NOUN
cblr-5121	390	61	and	and	CCONJ
cblr-5121	390	62	supervision	supervision	NOUN
cblr-5121	390	63	,	,	PUNCT
cblr-5121	390	64	even	even	ADV
cblr-5121	390	65	if	if	SCONJ
cblr-5121	390	66	the	the	DET
cblr-5121	390	67	reserve	reserve	NOUN
cblr-5121	390	68	banks	bank	NOUN
cblr-5121	390	69	continue	continue	VERB
cblr-5121	390	70	to	to	PART
cblr-5121	390	71	act	act	VERB
cblr-5121	390	72	as	as	ADP
cblr-5121	390	73	the	the	DET
cblr-5121	390	74	“	"	PUNCT
cblr-5121	390	75	eyes	eye	NOUN
cblr-5121	390	76	and	and	CCONJ
cblr-5121	390	77	ears	ear	NOUN
cblr-5121	390	78	”	"	PUNCT
cblr-5121	390	79	of	of	ADP
cblr-5121	390	80	the	the	DET
cblr-5121	390	81	system	system	NOUN
cblr-5121	390	82	.	.	PUNCT
cblr-5121	391	1	c.	c.	NOUN
cblr-5121	392	1	the	the	DET
cblr-5121	392	2	problem	problem	NOUN
cblr-5121	392	3	of	of	ADP
cblr-5121	392	4	financial	financial	ADJ
cblr-5121	392	5	supervision	supervision	NOUN
cblr-5121	392	6	by	by	ADP
cblr-5121	392	7	the	the	DET
cblr-5121	392	8	reserve	reserve	NOUN
cblr-5121	392	9	banks	bank	NOUN
cblr-5121	392	10	in	in	ADP
cblr-5121	392	11	spite	spite	NOUN
cblr-5121	392	12	of	of	ADP
cblr-5121	392	13	the	the	DET
cblr-5121	392	14	reserve	reserve	PROPN
cblr-5121	392	15	banks	bank	NOUN
cblr-5121	392	16	’	’	PART
cblr-5121	392	17	subordinate	subordinate	ADJ
cblr-5121	392	18	relationship	relationship	NOUN
cblr-5121	392	19	with	with	ADP
cblr-5121	392	20	the	the	DET
cblr-5121	392	21	board	board	NOUN
cblr-5121	392	22	,	,	PUNCT
cblr-5121	392	23	the	the	DET
cblr-5121	392	24	representation	representation	NOUN
cblr-5121	392	25	of	of	ADP
cblr-5121	392	26	financial	financial	ADJ
cblr-5121	392	27	interests	interest	NOUN
cblr-5121	392	28	in	in	ADP
cblr-5121	392	29	the	the	DET
cblr-5121	392	30	governance	governance	NOUN
cblr-5121	392	31	structure	structure	NOUN
cblr-5121	392	32	of	of	ADP
cblr-5121	392	33	the	the	DET
cblr-5121	392	34	reserve	reserve	NOUN
cblr-5121	392	35	banks	bank	NOUN
cblr-5121	392	36	continues	continue	VERB
cblr-5121	392	37	to	to	PART
cblr-5121	392	38	raise	raise	VERB
cblr-5121	392	39	concern	concern	NOUN
cblr-5121	392	40	about	about	ADP
cblr-5121	392	41	the	the	DET
cblr-5121	392	42	role	role	NOUN
cblr-5121	392	43	of	of	ADP
cblr-5121	392	44	reserve	reserve	NOUN
cblr-5121	392	45	banks	bank	NOUN
cblr-5121	392	46	in	in	ADP
cblr-5121	392	47	financial	financial	ADJ
cblr-5121	392	48	supervision.96	supervision.96	PROPN
cblr-5121	392	49	for	for	ADP
cblr-5121	392	50	example	example	NOUN
cblr-5121	392	51	,	,	PUNCT
cblr-5121	392	52	in	in	ADP
cblr-5121	392	53	the	the	DET
cblr-5121	392	54	fallout	fallout	NOUN
cblr-5121	392	55	from	from	ADP
cblr-5121	392	56	the	the	DET
cblr-5121	392	57	financial	financial	ADJ
cblr-5121	392	58	crisis	crisis	NOUN
cblr-5121	392	59	,	,	PUNCT
cblr-5121	392	60	legislators	legislator	NOUN
cblr-5121	392	61	initially	initially	ADV
cblr-5121	392	62	sought	seek	VERB
cblr-5121	392	63	to	to	PART
cblr-5121	392	64	eliminate	eliminate	VERB
cblr-5121	392	65	the	the	DET
cblr-5121	392	66	role	role	NOUN
cblr-5121	392	67	of	of	ADP
cblr-5121	392	68	the	the	DET
cblr-5121	392	69	boards	board	NOUN
cblr-5121	392	70	of	of	ADP
cblr-5121	392	71	directors	director	NOUN
cblr-5121	392	72	in	in	ADP
cblr-5121	392	73	selecting	select	VERB
cblr-5121	392	74	some	some	DET
cblr-5121	392	75	reserve	reserve	NOUN
cblr-5121	392	76	bank	bank	NOUN
cblr-5121	392	77	presidents	president	NOUN
cblr-5121	392	78	.	.	PUNCT
cblr-5121	393	1	ultimately	ultimately	ADV
cblr-5121	393	2	,	,	PUNCT
cblr-5121	393	3	however	however	ADV
cblr-5121	393	4	,	,	PUNCT
cblr-5121	393	5	congress	congress	PROPN
cblr-5121	393	6	settled	settle	VERB
cblr-5121	393	7	on	on	ADP
cblr-5121	393	8	merely	merely	ADV
cblr-5121	393	9	reducing	reduce	VERB
cblr-5121	393	10	the	the	DET
cblr-5121	393	11	role	role	NOUN
cblr-5121	393	12	that	that	PRON
cblr-5121	393	13	financial	financial	ADJ
cblr-5121	393	14	interests	interest	NOUN
cblr-5121	393	15	play	play	VERB
cblr-5121	393	16	in	in	ADP
cblr-5121	393	17	the	the	DET
cblr-5121	393	18	process	process	NOUN
cblr-5121	393	19	rather	rather	ADV
cblr-5121	393	20	than	than	ADP
cblr-5121	393	21	eliminating	eliminate	VERB
cblr-5121	393	22	it	it	PRON
cblr-5121	393	23	altogether.97	altogether.97	NOUN
cblr-5121	393	24	yet	yet	CCONJ
cblr-5121	393	25	high	high	ADJ
cblr-5121	393	26	-	-	PUNCT
cblr-5121	393	27	profile	profile	NOUN
cblr-5121	393	28	regulatory	regulatory	ADJ
cblr-5121	393	29	controversies	controversy	NOUN
cblr-5121	393	30	have	have	AUX
cblr-5121	393	31	continued	continue	VERB
cblr-5121	393	32	to	to	PART
cblr-5121	393	33	recur	recur	VERB
cblr-5121	393	34	,	,	PUNCT
cblr-5121	393	35	including	include	VERB
cblr-5121	393	36	the	the	DET
cblr-5121	393	37	aforementioned	aforementioned	ADJ
cblr-5121	393	38	outcry	outcry	NOUN
cblr-5121	393	39	aimed	aim	VERB
cblr-5121	393	40	at	at	ADP
cblr-5121	393	41	the	the	DET
cblr-5121	393	42	new	new	PROPN
cblr-5121	393	43	york	york	PROPN
cblr-5121	393	44	fed	fed	PROPN
cblr-5121	393	45	,	,	PUNCT
cblr-5121	393	46	as	as	ADV
cblr-5121	393	47	well	well	ADV
cblr-5121	393	48	as	as	ADP
cblr-5121	393	49	the	the	DET
cblr-5121	393	50	substantial	substantial	ADJ
cblr-5121	393	51	trading	trading	NOUN
cblr-5121	393	52	losses	loss	NOUN
cblr-5121	393	53	incurred	incur	VERB
cblr-5121	393	54	at	at	ADP
cblr-5121	393	55	jpmorgan	jpmorgan	PROPN
cblr-5121	393	56	95	95	PROPN
cblr-5121	393	57	see	see	VERB
cblr-5121	393	58	conti	conti	ADJ
cblr-5121	393	59	-	-	ADJ
cblr-5121	393	60	brown	brown	ADJ
cblr-5121	393	61	,	,	PUNCT
cblr-5121	393	62	supra	supra	PROPN
cblr-5121	393	63	note	note	NOUN
cblr-5121	393	64	13	13	NUM
cblr-5121	393	65	,	,	PUNCT
cblr-5121	393	66	at	at	ADP
cblr-5121	393	67	168	168	NUM
cblr-5121	393	68	(	(	PUNCT
cblr-5121	393	69	“	"	PUNCT
cblr-5121	393	70	in	in	ADP
cblr-5121	393	71	2010	2010	NUM
cblr-5121	393	72	,	,	PUNCT
cblr-5121	393	73	however	however	ADV
cblr-5121	393	74	,	,	PUNCT
cblr-5121	393	75	it	it	PRON
cblr-5121	393	76	appears	appear	VERB
cblr-5121	393	77	that	that	SCONJ
cblr-5121	393	78	the	the	DET
cblr-5121	393	79	board	board	NOUN
cblr-5121	393	80	of	of	ADP
cblr-5121	393	81	governors	governor	NOUN
cblr-5121	393	82	has	have	AUX
cblr-5121	393	83	worked	work	VERB
cblr-5121	393	84	to	to	PART
cblr-5121	393	85	move	move	VERB
cblr-5121	393	86	the	the	DET
cblr-5121	393	87	reserve	reserve	NOUN
cblr-5121	393	88	banks	bank	NOUN
cblr-5121	393	89	increasingly	increasingly	ADV
cblr-5121	393	90	out	out	ADP
cblr-5121	393	91	of	of	ADP
cblr-5121	393	92	the	the	DET
cblr-5121	393	93	business	business	NOUN
cblr-5121	393	94	of	of	ADP
cblr-5121	393	95	supervising	supervise	VERB
cblr-5121	393	96	the	the	DET
cblr-5121	393	97	largest	large	ADJ
cblr-5121	393	98	banks	bank	NOUN
cblr-5121	393	99	in	in	ADP
cblr-5121	393	100	the	the	DET
cblr-5121	393	101	financial	financial	ADJ
cblr-5121	393	102	system	system	NOUN
cblr-5121	393	103	.	.	PUNCT
cblr-5121	393	104	”	"	PUNCT
cblr-5121	393	105	)	)	PUNCT
cblr-5121	393	106	.	.	PUNCT
cblr-5121	394	1	96	96	NUM
cblr-5121	394	2	see	see	VERB
cblr-5121	394	3	i	i	PRON
cblr-5121	394	4	d.	d.	PROPN
cblr-5121	394	5	at	at	ADP
cblr-5121	394	6	167	167	NUM
cblr-5121	394	7	(	(	PUNCT
cblr-5121	394	8	“	"	PUNCT
cblr-5121	394	9	in	in	ADP
cblr-5121	394	10	the	the	DET
cblr-5121	394	11	geography	geography	NOUN
cblr-5121	394	12	of	of	ADP
cblr-5121	394	13	fed	fed	PROPN
cblr-5121	394	14	power	power	NOUN
cblr-5121	394	15	,	,	PUNCT
cblr-5121	394	16	the	the	DET
cblr-5121	394	17	complexities	complexity	NOUN
cblr-5121	394	18	and	and	CCONJ
cblr-5121	394	19	proximities	proximity	NOUN
cblr-5121	394	20	of	of	ADP
cblr-5121	394	21	bank	bank	NOUN
cblr-5121	394	22	supervision	supervision	NOUN
cblr-5121	394	23	give	give	VERB
cblr-5121	394	24	private	private	ADJ
cblr-5121	394	25	banks	bank	NOUN
cblr-5121	394	26	greater	great	ADJ
cblr-5121	394	27	control	control	NOUN
cblr-5121	394	28	over	over	ADP
cblr-5121	394	29	fed	fed	PROPN
cblr-5121	394	30	policy	policy	NOUN
cblr-5121	394	31	than	than	ADP
cblr-5121	394	32	the	the	DET
cblr-5121	394	33	rest	rest	NOUN
cblr-5121	394	34	of	of	ADP
cblr-5121	394	35	the	the	DET
cblr-5121	394	36	general	general	ADJ
cblr-5121	394	37	public	public	NOUN
cblr-5121	394	38	.	.	PUNCT
cblr-5121	394	39	”	"	PUNCT
cblr-5121	394	40	)	)	PUNCT
cblr-5121	394	41	.	.	PUNCT
cblr-5121	395	1	97	97	NUM
cblr-5121	395	2	initial	initial	ADJ
cblr-5121	395	3	proposals	proposal	NOUN
cblr-5121	395	4	in	in	ADP
cblr-5121	395	5	the	the	DET
cblr-5121	395	6	dodd	dodd	PROPN
cblr-5121	395	7	-	-	PUNCT
cblr-5121	395	8	frank	frank	PROPN
cblr-5121	395	9	act	act	PROPN
cblr-5121	395	10	included	include	VERB
cblr-5121	395	11	making	make	VERB
cblr-5121	395	12	the	the	DET
cblr-5121	395	13	new	new	PROPN
cblr-5121	395	14	york	york	PROPN
cblr-5121	395	15	fed	fed	PROPN
cblr-5121	395	16	president	president	PROPN
cblr-5121	395	17	a	a	DET
cblr-5121	395	18	presidential	presidential	ADJ
cblr-5121	395	19	appointee	appointee	NOUN
cblr-5121	395	20	,	,	PUNCT
cblr-5121	395	21	subject	subject	ADJ
cblr-5121	395	22	to	to	ADP
cblr-5121	395	23	senate	senate	PROPN
cblr-5121	395	24	confirmation	confirmation	NOUN
cblr-5121	395	25	.	.	PUNCT
cblr-5121	396	1	see	see	VERB
cblr-5121	396	2	sewall	sewall	PROPN
cblr-5121	396	3	chan	chan	PROPN
cblr-5121	396	4	,	,	PUNCT
cblr-5121	396	5	reform	reform	NOUN
cblr-5121	396	6	bill	bill	NOUN
cblr-5121	396	7	adds	add	VERB
cblr-5121	396	8	layers	layer	NOUN
cblr-5121	396	9	of	of	ADP
cblr-5121	396	10	oversight	oversight	NOUN
cblr-5121	396	11	,	,	PUNCT
cblr-5121	396	12	n.y	n.y	PROPN
cblr-5121	396	13	.	.	PROPN
cblr-5121	396	14	times	times	PROPN
cblr-5121	396	15	(	(	PUNCT
cblr-5121	396	16	mar	mar	PROPN
cblr-5121	396	17	.	.	PROPN
cblr-5121	396	18	15	15	NUM
cblr-5121	396	19	,	,	PUNCT
cblr-5121	396	20	2010	2010	NUM
cblr-5121	396	21	)	)	PUNCT
cblr-5121	396	22	,	,	PUNCT
cblr-5121	397	1	https://www.nytimes.com/2010/03/16/business/16regulate.html	https://www.nytimes.com/2010/03/16/business/16regulate.html	PROPN
cblr-5121	398	1	[	[	X
cblr-5121	398	2	https://perma.cc/k56n-velb	https://perma.cc/k56n-velb	NOUN
cblr-5121	398	3	]	]	PUNCT
cblr-5121	398	4	.	.	PUNCT
cblr-5121	399	1	ultimately	ultimately	ADV
cblr-5121	399	2	,	,	PUNCT
cblr-5121	399	3	however	however	ADV
cblr-5121	399	4	,	,	PUNCT
cblr-5121	399	5	the	the	DET
cblr-5121	399	6	act	act	NOUN
cblr-5121	399	7	settled	settle	VERB
cblr-5121	399	8	with	with	ADP
cblr-5121	399	9	eliminating	eliminate	VERB
cblr-5121	399	10	the	the	DET
cblr-5121	399	11	role	role	NOUN
cblr-5121	399	12	of	of	ADP
cblr-5121	399	13	class	class	NOUN
cblr-5121	399	14	a	a	DET
cblr-5121	399	15	directors	director	NOUN
cblr-5121	399	16	in	in	ADP
cblr-5121	399	17	the	the	DET
cblr-5121	399	18	selection	selection	NOUN
cblr-5121	399	19	process	process	NOUN
cblr-5121	399	20	.	.	PUNCT
cblr-5121	400	1	see	see	VERB
cblr-5121	400	2	pub	pub	NOUN
cblr-5121	400	3	.	.	PUNCT
cblr-5121	401	1	l.	l.	PROPN
cblr-5121	401	2	no	no	INTJ
cblr-5121	401	3	.	.	PROPN
cblr-5121	402	1	111	111	NUM
cblr-5121	402	2	-	-	SYM
cblr-5121	402	3	203	203	NUM
cblr-5121	402	4	,	,	PUNCT
cblr-5121	402	5	§	§	PROPN
cblr-5121	402	6	1107	1107	NUM
cblr-5121	402	7	,	,	PUNCT
cblr-5121	402	8	124	124	NUM
cblr-5121	402	9	stat	stat	NOUN
cblr-5121	402	10	.	.	PUNCT
cblr-5121	403	1	1376	1376	NUM
cblr-5121	403	2	,	,	PUNCT
cblr-5121	403	3	2126	2126	NUM
cblr-5121	403	4	(	(	PUNCT
cblr-5121	403	5	codified	codify	VERB
cblr-5121	403	6	at	at	ADP
cblr-5121	403	7	12	12	NUM
cblr-5121	403	8	u.s.c	u.s.c	NOUN
cblr-5121	403	9	.	.	PUNCT
cblr-5121	404	1	§	§	PROPN
cblr-5121	404	2	341	341	NUM
cblr-5121	404	3	(	(	PUNCT
cblr-5121	404	4	2012	2012	NUM
cblr-5121	404	5	)	)	PUNCT
cblr-5121	404	6	)	)	PUNCT
cblr-5121	404	7	.	.	PUNCT
cblr-5121	405	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	405	2	(	(	PUNCT
cblr-5121	405	3	do	do	AUX
cblr-5121	405	4	not	not	PART
cblr-5121	405	5	delte	delte	VERB
cblr-5121	405	6	)	)	PUNCT
cblr-5121	405	7	1/3/2020	1/3/2020	NUM
cblr-5121	405	8	4:04	4:04	NUM
cblr-5121	405	9	pm	pm	NOUN
cblr-5121	405	10	1146	1146	NUM
cblr-5121	405	11	columbia	columbia	PROPN
cblr-5121	405	12	business	business	PROPN
cblr-5121	405	13	law	law	PROPN
cblr-5121	405	14	review	review	NOUN
cblr-5121	405	15	[	[	X
cblr-5121	405	16	vol	vol	NOUN
cblr-5121	405	17	.	.	PUNCT
cblr-5121	405	18	2019	2019	NUM
cblr-5121	405	19	chase	chase	NOUN
cblr-5121	405	20	,	,	PUNCT
cblr-5121	405	21	which	which	PRON
cblr-5121	405	22	occurred	occur	VERB
cblr-5121	405	23	while	while	SCONJ
cblr-5121	405	24	jpmorgan	jpmorgan	PROPN
cblr-5121	405	25	chase	chase	PROPN
cblr-5121	405	26	ceo	ceo	PROPN
cblr-5121	405	27	jamie	jamie	PROPN
cblr-5121	405	28	dimon	dimon	PROPN
cblr-5121	405	29	sat	sit	VERB
cblr-5121	405	30	on	on	ADP
cblr-5121	405	31	the	the	DET
cblr-5121	405	32	new	new	PROPN
cblr-5121	405	33	york	york	PROPN
cblr-5121	405	34	fed	feed	VERB
cblr-5121	405	35	board.98	board.98	ADV
cblr-5121	405	36	notwithstanding	notwithstanding	ADP
cblr-5121	405	37	the	the	DET
cblr-5121	405	38	control	control	NOUN
cblr-5121	405	39	that	that	SCONJ
cblr-5121	405	40	the	the	DET
cblr-5121	405	41	board	board	NOUN
cblr-5121	405	42	of	of	ADP
cblr-5121	405	43	governors	governor	NOUN
cblr-5121	405	44	exercises	exercise	VERB
cblr-5121	405	45	over	over	ADP
cblr-5121	405	46	the	the	DET
cblr-5121	405	47	quasi	quasi	ADJ
cblr-5121	405	48	-	-	ADJ
cblr-5121	405	49	private	private	ADJ
cblr-5121	405	50	reserve	reserve	NOUN
cblr-5121	405	51	banks	bank	NOUN
cblr-5121	405	52	,	,	PUNCT
cblr-5121	405	53	the	the	DET
cblr-5121	405	54	unease	unease	NOUN
cblr-5121	405	55	behind	behind	ADP
cblr-5121	405	56	reserve	reserve	PROPN
cblr-5121	405	57	bank	bank	PROPN
cblr-5121	405	58	governance	governance	NOUN
cblr-5121	405	59	is	be	AUX
cblr-5121	405	60	understandable	understandable	ADJ
cblr-5121	405	61	.	.	PUNCT
cblr-5121	406	1	the	the	DET
cblr-5121	406	2	appointment	appointment	NOUN
cblr-5121	406	3	process	process	NOUN
cblr-5121	406	4	for	for	ADP
cblr-5121	406	5	reserve	reserve	PROPN
cblr-5121	406	6	bank	bank	PROPN
cblr-5121	406	7	presidents	president	NOUN
cblr-5121	406	8	vests	vest	NOUN
cblr-5121	406	9	private	private	ADJ
cblr-5121	406	10	citizens	citizen	NOUN
cblr-5121	406	11	(	(	PUNCT
cblr-5121	406	12	including	include	VERB
cblr-5121	406	13	,	,	PUNCT
cblr-5121	406	14	until	until	ADP
cblr-5121	406	15	recently	recently	ADV
cblr-5121	406	16	,	,	PUNCT
cblr-5121	406	17	those	those	PRON
cblr-5121	406	18	directly	directly	ADV
cblr-5121	406	19	representing	represent	VERB
cblr-5121	406	20	regulated	regulated	ADJ
cblr-5121	406	21	entities	entity	NOUN
cblr-5121	406	22	)	)	PUNCT
cblr-5121	406	23	with	with	ADP
cblr-5121	406	24	the	the	DET
cblr-5121	406	25	power	power	NOUN
cblr-5121	406	26	to	to	PART
cblr-5121	406	27	select	select	VERB
cblr-5121	406	28	reserve	reserve	PROPN
cblr-5121	406	29	bank	bank	PROPN
cblr-5121	406	30	presidents,99	presidents,99	NOUN
cblr-5121	406	31	providing	provide	VERB
cblr-5121	406	32	fodder	fodder	NOUN
cblr-5121	406	33	for	for	ADP
cblr-5121	406	34	the	the	DET
cblr-5121	406	35	criticism	criticism	NOUN
cblr-5121	406	36	that	that	PRON
cblr-5121	406	37	the	the	DET
cblr-5121	406	38	presidents	president	NOUN
cblr-5121	406	39	are	be	AUX
cblr-5121	406	40	“	"	PUNCT
cblr-5121	406	41	essentially	essentially	ADV
cblr-5121	406	42	hired	hire	VERB
cblr-5121	406	43	and	and	CCONJ
cblr-5121	406	44	serving	serve	VERB
cblr-5121	406	45	at	at	ADP
cblr-5121	406	46	.	.	PUNCT
cblr-5121	406	47	.	.	PUNCT
cblr-5121	406	48	.	.	PUNCT
cblr-5121	407	1	if	if	SCONJ
cblr-5121	407	2	not	not	PART
cblr-5121	407	3	the	the	DET
cblr-5121	407	4	will	will	NOUN
cblr-5121	407	5	,	,	PUNCT
cblr-5121	407	6	at	at	ADP
cblr-5121	407	7	least	least	ADJ
cblr-5121	407	8	with	with	ADP
cblr-5121	407	9	the	the	DET
cblr-5121	407	10	influence	influence	NOUN
cblr-5121	407	11	of	of	ADP
cblr-5121	407	12	those	those	PRON
cblr-5121	407	13	[	[	X
cblr-5121	407	14	they	they	PRON
cblr-5121	407	15	]	]	PUNCT
cblr-5121	407	16	regulate	regulate	VERB
cblr-5121	407	17	.	.	PUNCT
cblr-5121	407	18	”100	”100	PUNCT
cblr-5121	408	1	even	even	ADV
cblr-5121	408	2	after	after	SCONJ
cblr-5121	408	3	dodd	dodd	PROPN
cblr-5121	408	4	-	-	PUNCT
cblr-5121	408	5	frank	frank	PROPN
cblr-5121	408	6	eliminated	eliminate	VERB
cblr-5121	408	7	the	the	DET
cblr-5121	408	8	role	role	NOUN
cblr-5121	408	9	of	of	ADP
cblr-5121	408	10	class	class	NOUN
cblr-5121	408	11	a	a	DET
cblr-5121	408	12	directors	director	NOUN
cblr-5121	408	13	in	in	ADP
cblr-5121	408	14	selecting	select	VERB
cblr-5121	408	15	reserve	reserve	NOUN
cblr-5121	408	16	bank	bank	PROPN
cblr-5121	408	17	presidents	president	NOUN
cblr-5121	408	18	,	,	PUNCT
cblr-5121	408	19	the	the	DET
cblr-5121	408	20	continued	continue	VERB
cblr-5121	408	21	authority	authority	NOUN
cblr-5121	408	22	of	of	ADP
cblr-5121	408	23	class	class	NOUN
cblr-5121	408	24	b	b	PROPN
cblr-5121	408	25	directors	director	NOUN
cblr-5121	408	26	(	(	PUNCT
cblr-5121	408	27	who	who	PRON
cblr-5121	408	28	are	be	AUX
cblr-5121	408	29	similarly	similarly	ADV
cblr-5121	408	30	selected	select	VERB
cblr-5121	408	31	by	by	ADP
cblr-5121	408	32	financial	financial	ADJ
cblr-5121	408	33	institutions	institution	NOUN
cblr-5121	408	34	)	)	PUNCT
cblr-5121	408	35	and	and	CCONJ
cblr-5121	408	36	other	other	ADJ
cblr-5121	408	37	private	private	ADJ
cblr-5121	408	38	citizens	citizen	NOUN
cblr-5121	408	39	in	in	ADP
cblr-5121	408	40	the	the	DET
cblr-5121	408	41	appointment	appointment	NOUN
cblr-5121	408	42	process	process	NOUN
cblr-5121	408	43	has	have	AUX
cblr-5121	408	44	left	leave	VERB
cblr-5121	408	45	concerns	concern	NOUN
cblr-5121	408	46	about	about	ADP
cblr-5121	408	47	potential	potential	ADJ
cblr-5121	408	48	industry	industry	NOUN
cblr-5121	408	49	capture	capture	NOUN
cblr-5121	408	50	unresolved.101	unresolved.101	PRON
cblr-5121	408	51	moreover	moreover	ADV
cblr-5121	408	52	,	,	PUNCT
cblr-5121	408	53	the	the	DET
cblr-5121	408	54	potential	potential	ADJ
cblr-5121	408	55	influence	influence	NOUN
cblr-5121	408	56	of	of	ADP
cblr-5121	408	57	banks	bank	NOUN
cblr-5121	408	58	in	in	ADP
cblr-5121	408	59	the	the	DET
cblr-5121	408	60	appointment	appointment	NOUN
cblr-5121	408	61	process	process	NOUN
cblr-5121	408	62	is	be	AUX
cblr-5121	408	63	exacerbated	exacerbate	VERB
cblr-5121	408	64	by	by	ADP
cblr-5121	408	65	the	the	DET
cblr-5121	408	66	unique	unique	ADJ
cblr-5121	408	67	arrangement	arrangement	NOUN
cblr-5121	408	68	of	of	ADP
cblr-5121	408	69	the	the	DET
cblr-5121	408	70	federal	federal	PROPN
cblr-5121	408	71	reserve	reserve	PROPN
cblr-5121	408	72	banks	bank	NOUN
cblr-5121	408	73	,	,	PUNCT
cblr-5121	408	74	in	in	ADP
cblr-5121	408	75	which	which	PRON
cblr-5121	408	76	regulated	regulate	VERB
cblr-5121	408	77	banks	bank	NOUN
cblr-5121	408	78	are	be	AUX
cblr-5121	408	79	reserve	reserve	PROPN
cblr-5121	408	80	bank	bank	PROPN
cblr-5121	408	81	stockholders	stockholder	NOUN
cblr-5121	408	82	.	.	PUNCT
cblr-5121	409	1	such	such	DET
cblr-5121	409	2	an	an	DET
cblr-5121	409	3	arrangement	arrangement	NOUN
cblr-5121	409	4	leaves	leave	VERB
cblr-5121	409	5	the	the	DET
cblr-5121	409	6	federal	federal	PROPN
cblr-5121	409	7	reserve	reserve	PROPN
cblr-5121	409	8	banks	bank	NOUN
cblr-5121	409	9	prone	prone	ADJ
cblr-5121	409	10	to	to	ADP
cblr-5121	409	11	criticism	criticism	NOUN
cblr-5121	409	12	that	that	SCONJ
cblr-5121	409	13	their	their	PRON
cblr-5121	409	14	institutional	institutional	ADJ
cblr-5121	409	15	arrangement	arrangement	NOUN
cblr-5121	409	16	encourages	encourage	VERB
cblr-5121	409	17	98	98	NUM
cblr-5121	409	18	see	see	VERB
cblr-5121	409	19	supra	supra	PROPN
cblr-5121	409	20	notes	note	VERB
cblr-5121	409	21	11–13	11–13	NUM
cblr-5121	409	22	and	and	CCONJ
cblr-5121	409	23	accompanying	accompany	VERB
cblr-5121	409	24	text	text	NOUN
cblr-5121	409	25	;	;	PUNCT
cblr-5121	409	26	william	william	PROPN
cblr-5121	409	27	alden	alden	PROPN
cblr-5121	409	28	,	,	PUNCT
cblr-5121	409	29	dimon	dimon	PROPN
cblr-5121	409	30	leaves	leave	VERB
cblr-5121	409	31	new	new	PROPN
cblr-5121	409	32	york	york	PROPN
cblr-5121	409	33	fed	fed	PROPN
cblr-5121	409	34	board	board	PROPN
cblr-5121	409	35	as	as	SCONJ
cblr-5121	409	36	his	his	PRON
cblr-5121	409	37	term	term	NOUN
cblr-5121	409	38	ends	end	VERB
cblr-5121	409	39	,	,	PUNCT
cblr-5121	409	40	n.y	n.y	PROPN
cblr-5121	409	41	.	.	PROPN
cblr-5121	409	42	times	times	PROPN
cblr-5121	409	43	(	(	PUNCT
cblr-5121	409	44	jan	jan	PROPN
cblr-5121	409	45	.	.	PROPN
cblr-5121	409	46	8	8	NUM
cblr-5121	409	47	,	,	PUNCT
cblr-5121	409	48	2013	2013	NUM
cblr-5121	409	49	)	)	PUNCT
cblr-5121	409	50	,	,	PUNCT
cblr-5121	409	51	https://dealbook.nytimes.com/2013/01/08/dimon-leaves-new-yorkfed-board-as-his-term-ends/	https://dealbook.nytimes.com/2013/01/08/dimon-leaves-new-yorkfed-board-as-his-term-ends/	PRON
cblr-5121	410	1	[	[	X
cblr-5121	410	2	https://perma.cc/r9mc-cv78	https://perma.cc/r9mc-cv78	X
cblr-5121	410	3	]	]	X
cblr-5121	410	4	(	(	PUNCT
cblr-5121	410	5	“	"	PUNCT
cblr-5121	410	6	there	there	PRON
cblr-5121	410	7	is	be	VERB
cblr-5121	410	8	an	an	DET
cblr-5121	410	9	undeniable	undeniable	ADJ
cblr-5121	410	10	perception	perception	NOUN
cblr-5121	410	11	problem	problem	NOUN
cblr-5121	410	12	.	.	PUNCT
cblr-5121	410	13	.	.	PUNCT
cblr-5121	411	1	.	.	PUNCT
cblr-5121	412	1	it	it	PRON
cblr-5121	412	2	is	be	AUX
cblr-5121	412	3	damaging	damage	VERB
cblr-5121	412	4	the	the	DET
cblr-5121	412	5	legitimacy	legitimacy	NOUN
cblr-5121	412	6	of	of	ADP
cblr-5121	412	7	the	the	DET
cblr-5121	412	8	federal	federal	PROPN
cblr-5121	412	9	reserve	reserve	PROPN
cblr-5121	412	10	.	.	PUNCT
cblr-5121	412	11	”	"	PUNCT
cblr-5121	413	1	(	(	PUNCT
cblr-5121	413	2	internal	internal	ADJ
cblr-5121	413	3	quotation	quotation	NOUN
cblr-5121	413	4	marks	mark	NOUN
cblr-5121	413	5	omitted	omit	VERB
cblr-5121	413	6	)	)	PUNCT
cblr-5121	413	7	)	)	PUNCT
cblr-5121	413	8	.	.	PUNCT
cblr-5121	414	1	99	99	NUM
cblr-5121	414	2	see	see	VERB
cblr-5121	414	3	conti	conti	ADJ
cblr-5121	414	4	-	-	ADJ
cblr-5121	414	5	brown	brown	ADJ
cblr-5121	414	6	,	,	PUNCT
cblr-5121	414	7	supra	supra	PROPN
cblr-5121	414	8	note	note	NOUN
cblr-5121	414	9	13	13	NUM
cblr-5121	414	10	,	,	PUNCT
cblr-5121	414	11	at	at	ADP
cblr-5121	414	12	256	256	NUM
cblr-5121	414	13	(	(	PUNCT
cblr-5121	414	14	“	"	PUNCT
cblr-5121	414	15	[	[	X
cblr-5121	414	16	t]he	t]he	ADJ
cblr-5121	414	17	basic	basic	ADJ
cblr-5121	414	18	problem	problem	NOUN
cblr-5121	414	19	of	of	ADP
cblr-5121	414	20	appointment	appointment	NOUN
cblr-5121	414	21	at	at	ADP
cblr-5121	414	22	the	the	DET
cblr-5121	414	23	reserve	reserve	NOUN
cblr-5121	414	24	banks	bank	NOUN
cblr-5121	414	25	is	be	AUX
cblr-5121	414	26	the	the	DET
cblr-5121	414	27	dramatically	dramatically	ADV
cblr-5121	414	28	disproportionate	disproportionate	ADJ
cblr-5121	414	29	influence	influence	NOUN
cblr-5121	414	30	that	that	PRON
cblr-5121	414	31	regulated	regulate	VERB
cblr-5121	414	32	banks	bank	NOUN
cblr-5121	414	33	have	have	VERB
cblr-5121	414	34	on	on	ADP
cblr-5121	414	35	the	the	DET
cblr-5121	414	36	people	people	NOUN
cblr-5121	414	37	who	who	PRON
cblr-5121	414	38	become	become	VERB
cblr-5121	414	39	their	their	PRON
cblr-5121	414	40	overseers	overseer	NOUN
cblr-5121	414	41	.	.	PUNCT
cblr-5121	415	1	from	from	ADP
cblr-5121	415	2	the	the	DET
cblr-5121	415	3	perspective	perspective	NOUN
cblr-5121	415	4	of	of	ADP
cblr-5121	415	5	democratic	democratic	ADJ
cblr-5121	415	6	accountability	accountability	NOUN
cblr-5121	415	7	,	,	PUNCT
cblr-5121	415	8	banker	banker	NOUN
cblr-5121	415	9	influence	influence	NOUN
cblr-5121	415	10	at	at	ADP
cblr-5121	415	11	the	the	DET
cblr-5121	415	12	appointment	appointment	NOUN
cblr-5121	415	13	threshold	threshold	NOUN
cblr-5121	415	14	is	be	AUX
cblr-5121	415	15	the	the	DET
cblr-5121	415	16	real	real	ADJ
cblr-5121	415	17	issue	issue	NOUN
cblr-5121	415	18	.	.	PUNCT
cblr-5121	415	19	”	"	PUNCT
cblr-5121	415	20	)	)	PUNCT
cblr-5121	415	21	.	.	PUNCT
cblr-5121	416	1	100	100	NUM
cblr-5121	416	2	hearings	hearing	NOUN
cblr-5121	416	3	,	,	PUNCT
cblr-5121	416	4	supra	supra	PROPN
cblr-5121	416	5	note	note	PROPN
cblr-5121	416	6	11	11	NUM
cblr-5121	416	7	,	,	PUNCT
cblr-5121	416	8	at	at	ADP
cblr-5121	416	9	10	10	NUM
cblr-5121	416	10	(	(	PUNCT
cblr-5121	416	11	statement	statement	NOUN
cblr-5121	416	12	of	of	ADP
cblr-5121	416	13	william	william	PROPN
cblr-5121	416	14	c.	c.	PROPN
cblr-5121	416	15	dudley	dudley	PROPN
cblr-5121	416	16	,	,	PUNCT
cblr-5121	416	17	president	president	NOUN
cblr-5121	416	18	and	and	CCONJ
cblr-5121	416	19	chief	chief	ADJ
cblr-5121	416	20	exec	exec	NOUN
cblr-5121	416	21	.	.	PUNCT
cblr-5121	417	1	officer	officer	NOUN
cblr-5121	417	2	,	,	PUNCT
cblr-5121	417	3	fed	fed	PROPN
cblr-5121	417	4	.	.	PROPN
cblr-5121	417	5	reserve	reserve	PROPN
cblr-5121	417	6	bank	bank	PROPN
cblr-5121	417	7	of	of	ADP
cblr-5121	417	8	n.y	n.y	PROPN
cblr-5121	417	9	.	.	PROPN
cblr-5121	417	10	)	)	PUNCT
cblr-5121	417	11	.	.	PUNCT
cblr-5121	418	1	101	101	NUM
cblr-5121	418	2	see	see	VERB
cblr-5121	418	3	,	,	PUNCT
cblr-5121	418	4	e.g.	e.g.	ADV
cblr-5121	418	5	,	,	PUNCT
cblr-5121	418	6	i	i	PRON
cblr-5121	418	7	d.	d.	NOUN
cblr-5121	418	8	at	at	ADP
cblr-5121	418	9	11	11	NUM
cblr-5121	418	10	(	(	PUNCT
cblr-5121	418	11	“	"	PUNCT
cblr-5121	418	12	your	your	PRON
cblr-5121	418	13	class	class	NOUN
cblr-5121	418	14	b	b	PROPN
cblr-5121	418	15	directors	director	NOUN
cblr-5121	418	16	are	be	AUX
cblr-5121	418	17	essentially	essentially	ADV
cblr-5121	418	18	chosen	choose	VERB
cblr-5121	418	19	by	by	ADP
cblr-5121	418	20	the	the	DET
cblr-5121	418	21	banks	bank	NOUN
cblr-5121	418	22	,	,	PUNCT
cblr-5121	418	23	and	and	CCONJ
cblr-5121	418	24	that	that	PRON
cblr-5121	418	25	is	be	AUX
cblr-5121	418	26	not	not	PART
cblr-5121	418	27	lost	lose	VERB
cblr-5121	418	28	on	on	ADP
cblr-5121	418	29	anyone	anyone	PRON
cblr-5121	418	30	.	.	PUNCT
cblr-5121	418	31	”	"	PUNCT
cblr-5121	418	32	)	)	PUNCT
cblr-5121	418	33	.	.	PUNCT
cblr-5121	419	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	419	2	(	(	PUNCT
cblr-5121	419	3	do	do	AUX
cblr-5121	419	4	not	not	PART
cblr-5121	419	5	delete	delete	VERB
cblr-5121	419	6	)	)	PUNCT
cblr-5121	419	7	1/3/2020	1/3/2020	NUM
cblr-5121	419	8	4:04	4:04	NUM
cblr-5121	419	9	pm	pm	NOUN
cblr-5121	419	10	no	no	NOUN
cblr-5121	419	11	.	.	PUNCT
cblr-5121	420	1	3:1123	3:1123	NUM
cblr-5121	420	2	]	]	PUNCT
cblr-5121	420	3	insider	insider	NOUN
cblr-5121	420	4	interest	interest	NOUN
cblr-5121	420	5	,	,	PUNCT
cblr-5121	420	6	not	not	PART
cblr-5121	420	7	industry	industry	NOUN
cblr-5121	420	8	influence	influence	NOUN
cblr-5121	420	9	1147	1147	NUM
cblr-5121	420	10	greater	great	ADJ
cblr-5121	420	11	proximity	proximity	NOUN
cblr-5121	420	12	between	between	ADP
cblr-5121	420	13	the	the	DET
cblr-5121	420	14	regulator	regulator	NOUN
cblr-5121	420	15	and	and	CCONJ
cblr-5121	420	16	regulated	regulate	VERB
cblr-5121	420	17	,	,	PUNCT
cblr-5121	420	18	to	to	ADP
cblr-5121	420	19	the	the	DET
cblr-5121	420	20	detriment	detriment	NOUN
cblr-5121	420	21	of	of	ADP
cblr-5121	420	22	effective	effective	ADJ
cblr-5121	420	23	financial	financial	NOUN
cblr-5121	420	24	regulation.102	regulation.102	ADV
cblr-5121	420	25	more	more	ADV
cblr-5121	420	26	fundamentally	fundamentally	ADV
cblr-5121	420	27	,	,	PUNCT
cblr-5121	420	28	the	the	DET
cblr-5121	420	29	insulation	insulation	NOUN
cblr-5121	420	30	of	of	ADP
cblr-5121	420	31	the	the	DET
cblr-5121	420	32	federal	federal	PROPN
cblr-5121	420	33	reserve	reserve	PROPN
cblr-5121	420	34	bank	bank	PROPN
cblr-5121	420	35	presidents	president	NOUN
cblr-5121	420	36	from	from	ADP
cblr-5121	420	37	the	the	DET
cblr-5121	420	38	political	political	ADJ
cblr-5121	420	39	process	process	NOUN
cblr-5121	420	40	,	,	PUNCT
cblr-5121	420	41	while	while	SCONJ
cblr-5121	420	42	central	central	ADJ
cblr-5121	420	43	to	to	ADP
cblr-5121	420	44	the	the	DET
cblr-5121	420	45	federal	federal	PROPN
cblr-5121	420	46	reserve	reserve	PROPN
cblr-5121	420	47	framers	framer	NOUN
cblr-5121	420	48	’	’	PART
cblr-5121	420	49	goal	goal	NOUN
cblr-5121	420	50	of	of	ADP
cblr-5121	420	51	insulating	insulate	VERB
cblr-5121	420	52	monetary	monetary	ADJ
cblr-5121	420	53	policy	policy	NOUN
cblr-5121	420	54	from	from	ADP
cblr-5121	420	55	governmental	governmental	ADJ
cblr-5121	420	56	influence	influence	NOUN
cblr-5121	420	57	,	,	PUNCT
cblr-5121	420	58	raises	raise	VERB
cblr-5121	420	59	accountability	accountability	NOUN
cblr-5121	420	60	problems	problem	NOUN
cblr-5121	420	61	.	.	PUNCT
cblr-5121	421	1	in	in	ADP
cblr-5121	421	2	other	other	ADJ
cblr-5121	421	3	words	word	NOUN
cblr-5121	421	4	,	,	PUNCT
cblr-5121	421	5	discrepancies	discrepancy	NOUN
cblr-5121	421	6	between	between	ADP
cblr-5121	421	7	the	the	DET
cblr-5121	421	8	regulatory	regulatory	ADJ
cblr-5121	421	9	preferences	preference	NOUN
cblr-5121	421	10	of	of	ADP
cblr-5121	421	11	the	the	DET
cblr-5121	421	12	reserve	reserve	NOUN
cblr-5121	421	13	banks	bank	NOUN
cblr-5121	421	14	and	and	CCONJ
cblr-5121	421	15	other	other	ADJ
cblr-5121	421	16	agencies	agency	NOUN
cblr-5121	421	17	or	or	CCONJ
cblr-5121	421	18	congress	congress	PROPN
cblr-5121	421	19	may	may	AUX
cblr-5121	421	20	hinder	hinder	VERB
cblr-5121	421	21	effective	effective	ADJ
cblr-5121	421	22	coordination	coordination	NOUN
cblr-5121	421	23	of	of	ADP
cblr-5121	421	24	financial	financial	ADJ
cblr-5121	421	25	regulation.103	regulation.103	NOUN
cblr-5121	421	26	furthermore	furthermore	ADV
cblr-5121	421	27	,	,	PUNCT
cblr-5121	421	28	financial	financial	ADJ
cblr-5121	421	29	regulation	regulation	NOUN
cblr-5121	421	30	,	,	PUNCT
cblr-5121	421	31	as	as	ADP
cblr-5121	421	32	an	an	DET
cblr-5121	421	33	arguably	arguably	ADV
cblr-5121	421	34	“	"	PUNCT
cblr-5121	421	35	inherently	inherently	ADV
cblr-5121	421	36	executive	executive	ADJ
cblr-5121	421	37	function	function	NOUN
cblr-5121	421	38	,	,	PUNCT
cblr-5121	421	39	”	"	PUNCT
cblr-5121	421	40	could	could	AUX
cblr-5121	421	41	be	be	AUX
cblr-5121	421	42	a	a	DET
cblr-5121	421	43	particularly	particularly	ADV
cblr-5121	421	44	inappropriate	inappropriate	ADJ
cblr-5121	421	45	responsibility	responsibility	NOUN
cblr-5121	421	46	of	of	ADP
cblr-5121	421	47	the	the	DET
cblr-5121	421	48	reserve	reserve	NOUN
cblr-5121	421	49	banks	bank	NOUN
cblr-5121	421	50	,	,	PUNCT
cblr-5121	421	51	considering	consider	VERB
cblr-5121	421	52	their	their	PRON
cblr-5121	421	53	political	political	ADJ
cblr-5121	421	54	insulation	insulation	NOUN
cblr-5121	421	55	and	and	CCONJ
cblr-5121	421	56	their	their	PRON
cblr-5121	421	57	institutional	institutional	ADJ
cblr-5121	421	58	links	link	NOUN
cblr-5121	421	59	to	to	ADP
cblr-5121	421	60	regulated	regulated	ADJ
cblr-5121	421	61	member	member	NOUN
cblr-5121	421	62	banks.104	banks.104	PROPN
cblr-5121	421	63	indeed	indeed	ADV
cblr-5121	421	64	,	,	PUNCT
cblr-5121	421	65	peter	peter	PROPN
cblr-5121	421	66	conti	conti	PROPN
cblr-5121	421	67	-	-	ADJ
cblr-5121	421	68	brown	brown	ADJ
cblr-5121	421	69	has	have	AUX
cblr-5121	421	70	argued	argue	VERB
cblr-5121	421	71	that	that	SCONJ
cblr-5121	421	72	congress	congress	PROPN
cblr-5121	421	73	’	'	PUNCT
cblr-5121	421	74	decision	decision	NOUN
cblr-5121	421	75	to	to	PART
cblr-5121	421	76	grant	grant	VERB
cblr-5121	421	77	expanding	expand	VERB
cblr-5121	421	78	supervisory	supervisory	ADJ
cblr-5121	421	79	authority	authority	NOUN
cblr-5121	421	80	to	to	ADP
cblr-5121	421	81	the	the	DET
cblr-5121	421	82	federal	federal	PROPN
cblr-5121	421	83	reserve	reserve	NOUN
cblr-5121	421	84	system	system	NOUN
cblr-5121	421	85	is	be	AUX
cblr-5121	421	86	particularly	particularly	ADV
cblr-5121	421	87	inappropriate	inappropriate	ADJ
cblr-5121	421	88	given	give	VERB
cblr-5121	421	89	the	the	DET
cblr-5121	421	90	central	central	ADJ
cblr-5121	421	91	bank	bank	NOUN
cblr-5121	421	92	’s	’s	PART
cblr-5121	421	93	political	political	ADJ
cblr-5121	421	94	insulation	insulation	NOUN
cblr-5121	421	95	,	,	PUNCT
cblr-5121	421	96	as	as	SCONJ
cblr-5121	421	97	only	only	ADV
cblr-5121	421	98	monetary	monetary	ADJ
cblr-5121	421	99	policy	policy	NOUN
cblr-5121	421	100	,	,	PUNCT
cblr-5121	421	101	not	not	PART
cblr-5121	421	102	financial	financial	ADJ
cblr-5121	421	103	regulation	regulation	NOUN
cblr-5121	421	104	more	more	ADV
cblr-5121	421	105	generally	generally	ADV
cblr-5121	421	106	,	,	PUNCT
cblr-5121	421	107	was	be	AUX
cblr-5121	421	108	intended	intend	VERB
cblr-5121	421	109	to	to	PART
cblr-5121	421	110	be	be	AUX
cblr-5121	421	111	free	free	ADJ
cblr-5121	421	112	from	from	ADP
cblr-5121	421	113	political	political	ADJ
cblr-5121	421	114	influence.105	influence.105	NOUN
cblr-5121	421	115	102	102	NUM
cblr-5121	421	116	see	see	NOUN
cblr-5121	421	117	gillian	gillian	PROPN
cblr-5121	421	118	e.	e.	PROPN
cblr-5121	421	119	metzger	metzger	PROPN
cblr-5121	421	120	,	,	PUNCT
cblr-5121	421	121	through	through	ADP
cblr-5121	421	122	the	the	DET
cblr-5121	421	123	looking	look	VERB
cblr-5121	421	124	glass	glass	NOUN
cblr-5121	421	125	to	to	ADP
cblr-5121	421	126	a	a	DET
cblr-5121	421	127	shared	shared	ADJ
cblr-5121	421	128	reflection	reflection	NOUN
cblr-5121	421	129	:	:	PUNCT
cblr-5121	421	130	the	the	DET
cblr-5121	421	131	evolving	evolve	VERB
cblr-5121	421	132	relationship	relationship	NOUN
cblr-5121	421	133	between	between	ADP
cblr-5121	421	134	administrative	administrative	ADJ
cblr-5121	421	135	law	law	NOUN
cblr-5121	421	136	and	and	CCONJ
cblr-5121	421	137	financial	financial	ADJ
cblr-5121	421	138	regulation	regulation	NOUN
cblr-5121	421	139	,	,	PUNCT
cblr-5121	421	140	78	78	NUM
cblr-5121	421	141	l.	l.	PROPN
cblr-5121	421	142	&	&	CCONJ
cblr-5121	421	143	contemp	contemp	PROPN
cblr-5121	421	144	.	.	PUNCT
cblr-5121	422	1	probs	prob	NOUN
cblr-5121	422	2	.	.	PUNCT
cblr-5121	423	1	129	129	NUM
cblr-5121	423	2	,	,	PUNCT
cblr-5121	423	3	136	136	NUM
cblr-5121	423	4	(	(	PUNCT
cblr-5121	423	5	2015	2015	NUM
cblr-5121	423	6	)	)	PUNCT
cblr-5121	423	7	(	(	PUNCT
cblr-5121	423	8	“	"	PUNCT
cblr-5121	423	9	private	private	ADJ
cblr-5121	423	10	banks	bank	NOUN
cblr-5121	423	11	that	that	PRON
cblr-5121	423	12	hold	hold	VERB
cblr-5121	423	13	stock	stock	NOUN
cblr-5121	423	14	in	in	ADP
cblr-5121	423	15	regional	regional	ADJ
cblr-5121	423	16	federal	federal	PROPN
cblr-5121	423	17	reserve	reserve	NOUN
cblr-5121	423	18	banks	bank	NOUN
cblr-5121	423	19	largely	largely	ADV
cblr-5121	423	20	select	select	VERB
cblr-5121	423	21	the	the	DET
cblr-5121	423	22	regional	regional	ADJ
cblr-5121	423	23	feds	fed	NOUN
cblr-5121	423	24	’	'	PUNCT
cblr-5121	423	25	boards	board	NOUN
cblr-5121	423	26	of	of	ADP
cblr-5121	423	27	directors	director	NOUN
cblr-5121	423	28	.	.	PUNCT
cblr-5121	423	29	.	.	PUNCT
cblr-5121	423	30	.	.	PUNCT
cblr-5121	423	31	.	.	PUNCT
cblr-5121	424	1	fuel[ing	fuel[e	VERB
cblr-5121	424	2	]	]	PUNCT
cblr-5121	424	3	concerns	concern	NOUN
cblr-5121	424	4	that	that	SCONJ
cblr-5121	424	5	financial	financial	ADJ
cblr-5121	424	6	regulators	regulator	NOUN
cblr-5121	424	7	are	be	AUX
cblr-5121	424	8	too	too	ADV
cblr-5121	424	9	easily	easily	ADV
cblr-5121	424	10	captured	capture	VERB
cblr-5121	424	11	by	by	ADP
cblr-5121	424	12	the	the	DET
cblr-5121	424	13	entities	entity	NOUN
cblr-5121	424	14	that	that	PRON
cblr-5121	424	15	they	they	PRON
cblr-5121	424	16	regulate	regulate	VERB
cblr-5121	424	17	and	and	CCONJ
cblr-5121	424	18	advance	advance	VERB
cblr-5121	424	19	those	those	DET
cblr-5121	424	20	entities	entity	NOUN
cblr-5121	424	21	’	'	PUNCT
cblr-5121	424	22	interests	interest	NOUN
cblr-5121	424	23	at	at	ADP
cblr-5121	424	24	the	the	DET
cblr-5121	424	25	expense	expense	NOUN
cblr-5121	424	26	of	of	ADP
cblr-5121	424	27	the	the	DET
cblr-5121	424	28	public	public	NOUN
cblr-5121	424	29	.	.	PUNCT
cblr-5121	424	30	”	"	PUNCT
cblr-5121	424	31	)	)	PUNCT
cblr-5121	424	32	.	.	PUNCT
cblr-5121	425	1	103	103	NUM
cblr-5121	425	2	see	see	VERB
cblr-5121	425	3	peter	peter	PROPN
cblr-5121	425	4	conti	conti	PROPN
cblr-5121	425	5	-	-	ADJ
cblr-5121	425	6	brown	brown	ADJ
cblr-5121	425	7	,	,	PUNCT
cblr-5121	425	8	the	the	DET
cblr-5121	425	9	twelve	twelve	NUM
cblr-5121	425	10	federal	federal	ADJ
cblr-5121	425	11	reserve	reserve	NOUN
cblr-5121	425	12	banks	bank	NOUN
cblr-5121	425	13	:	:	PUNCT
cblr-5121	425	14	governance	governance	NOUN
cblr-5121	425	15	and	and	CCONJ
cblr-5121	425	16	accountability	accountability	NOUN
cblr-5121	425	17	in	in	ADP
cblr-5121	425	18	the	the	DET
cblr-5121	425	19	21st	21st	ADJ
cblr-5121	425	20	century	century	NOUN
cblr-5121	425	21	16	16	NUM
cblr-5121	425	22	(	(	PUNCT
cblr-5121	425	23	hutchins	hutchins	PROPN
cblr-5121	425	24	ctr	ctr	PROPN
cblr-5121	425	25	.	.	PUNCT
cblr-5121	426	1	on	on	ADP
cblr-5121	426	2	fiscal	fiscal	ADJ
cblr-5121	426	3	and	and	CCONJ
cblr-5121	426	4	monetary	monetary	ADJ
cblr-5121	426	5	policy	policy	NOUN
cblr-5121	426	6	at	at	ADP
cblr-5121	426	7	brookings	brookings	PROPN
cblr-5121	426	8	,	,	PUNCT
cblr-5121	426	9	working	working	NOUN
cblr-5121	426	10	paper	paper	NOUN
cblr-5121	426	11	no	no	INTJ
cblr-5121	426	12	.	.	PROPN
cblr-5121	426	13	10	10	NUM
cblr-5121	426	14	,	,	PUNCT
cblr-5121	426	15	2015	2015	NUM
cblr-5121	426	16	)	)	PUNCT
cblr-5121	426	17	(	(	PUNCT
cblr-5121	426	18	“	"	PUNCT
cblr-5121	426	19	[	[	X
cblr-5121	426	20	t]here	t]here	PROPN
cblr-5121	426	21	is	be	AUX
cblr-5121	426	22	evidence	evidence	NOUN
cblr-5121	426	23	that	that	SCONJ
cblr-5121	426	24	the	the	DET
cblr-5121	426	25	new	new	PROPN
cblr-5121	426	26	york	york	PROPN
cblr-5121	426	27	fed	fed	PROPN
cblr-5121	426	28	’s	’s	PART
cblr-5121	426	29	views	view	NOUN
cblr-5121	426	30	of	of	ADP
cblr-5121	426	31	good	good	ADJ
cblr-5121	426	32	bank	bank	NOUN
cblr-5121	426	33	supervisory	supervisory	ADJ
cblr-5121	426	34	practices	practice	NOUN
cblr-5121	427	1	do	do	AUX
cblr-5121	427	2	n’t	not	PART
cblr-5121	427	3	match	match	VERB
cblr-5121	427	4	those	those	PRON
cblr-5121	427	5	in	in	ADP
cblr-5121	427	6	congress	congress	PROPN
cblr-5121	427	7	.	.	PUNCT
cblr-5121	427	8	”	"	PUNCT
cblr-5121	427	9	)	)	PUNCT
cblr-5121	427	10	.	.	PUNCT
cblr-5121	428	1	104	104	NUM
cblr-5121	428	2	see	see	VERB
cblr-5121	428	3	conti	conti	ADJ
cblr-5121	428	4	-	-	ADJ
cblr-5121	428	5	brown	brown	ADJ
cblr-5121	428	6	,	,	PUNCT
cblr-5121	428	7	supra	supra	PROPN
cblr-5121	428	8	note	note	NOUN
cblr-5121	428	9	13	13	NUM
cblr-5121	428	10	,	,	PUNCT
cblr-5121	428	11	at	at	ADP
cblr-5121	428	12	170	170	NUM
cblr-5121	428	13	(	(	PUNCT
cblr-5121	428	14	“	"	PUNCT
cblr-5121	428	15	[	[	X
cblr-5121	428	16	b]ank	b]ank	ADJ
cblr-5121	428	17	supervision	supervision	NOUN
cblr-5121	428	18	is	be	AUX
cblr-5121	428	19	not	not	PART
cblr-5121	428	20	only	only	ADV
cblr-5121	428	21	an	an	DET
cblr-5121	428	22	inherently	inherently	ADV
cblr-5121	428	23	executive	executive	ADJ
cblr-5121	428	24	function	function	NOUN
cblr-5121	428	25	we	we	PRON
cblr-5121	428	26	would	would	AUX
cblr-5121	428	27	want	want	VERB
cblr-5121	428	28	to	to	PART
cblr-5121	428	29	place	place	VERB
cblr-5121	428	30	within	within	ADP
cblr-5121	428	31	inherently	inherently	ADV
cblr-5121	428	32	executive	executive	ADJ
cblr-5121	428	33	bureaus	bureaus	NOUN
cblr-5121	428	34	.	.	PUNCT
cblr-5121	428	35	.	.	PUNCT
cblr-5121	428	36	.	.	PUNCT
cblr-5121	429	1	[	[	X
cblr-5121	429	2	but	but	CCONJ
cblr-5121	429	3	]	]	PUNCT
cblr-5121	429	4	the	the	DET
cblr-5121	429	5	supervisory	supervisory	ADJ
cblr-5121	429	6	function	function	NOUN
cblr-5121	429	7	is	be	AUX
cblr-5121	429	8	primarily	primarily	ADV
cblr-5121	429	9	lodged	lodge	VERB
cblr-5121	429	10	in	in	ADP
cblr-5121	429	11	the	the	DET
cblr-5121	429	12	part	part	NOUN
cblr-5121	429	13	of	of	ADP
cblr-5121	429	14	the	the	DET
cblr-5121	429	15	federal	federal	PROPN
cblr-5121	429	16	reserve	reserve	NOUN
cblr-5121	429	17	system	system	NOUN
cblr-5121	429	18	with	with	ADP
cblr-5121	429	19	the	the	DET
cblr-5121	429	20	greatest	great	ADJ
cblr-5121	429	21	and	and	CCONJ
cblr-5121	429	22	most	most	ADJ
cblr-5121	429	23	opaque	opaque	ADJ
cblr-5121	429	24	political	political	ADJ
cblr-5121	429	25	power	power	NOUN
cblr-5121	429	26	:	:	PUNCT
cblr-5121	429	27	the	the	DET
cblr-5121	429	28	federal	federal	PROPN
cblr-5121	429	29	reserve	reserve	PROPN
cblr-5121	429	30	banks	bank	NOUN
cblr-5121	429	31	.	.	PUNCT
cblr-5121	429	32	”	"	PUNCT
cblr-5121	430	1	)	)	PUNCT
cblr-5121	430	2	105	105	NUM
cblr-5121	431	1	i	i	PRON
cblr-5121	431	2	d.	d.	PROPN
cblr-5121	431	3	(	(	PUNCT
cblr-5121	431	4	“	"	PUNCT
cblr-5121	431	5	there	there	PRON
cblr-5121	431	6	is	be	VERB
cblr-5121	431	7	simply	simply	ADV
cblr-5121	431	8	no	no	DET
cblr-5121	431	9	theory	theory	NOUN
cblr-5121	431	10	offered	offer	VERB
cblr-5121	431	11	that	that	PRON
cblr-5121	431	12	justifies	justify	VERB
cblr-5121	431	13	the	the	DET
cblr-5121	431	14	legal	legal	ADJ
cblr-5121	431	15	insulation	insulation	NOUN
cblr-5121	431	16	of	of	ADP
cblr-5121	431	17	the	the	DET
cblr-5121	431	18	fed	fed	PROPN
cblr-5121	431	19	from	from	ADP
cblr-5121	431	20	a	a	DET
cblr-5121	431	21	variety	variety	NOUN
cblr-5121	431	22	of	of	ADP
cblr-5121	431	23	political	political	ADJ
cblr-5121	431	24	pressures	pressure	NOUN
cblr-5121	431	25	—	—	PUNCT
cblr-5121	431	26	for	for	ADP
cblr-5121	431	27	example	example	NOUN
cblr-5121	431	28	,	,	PUNCT
cblr-5121	431	29	in	in	ADP
cblr-5121	431	30	the	the	DET
cblr-5121	431	31	form	form	NOUN
cblr-5121	431	32	of	of	ADP
cblr-5121	431	33	complete	complete	ADJ
cblr-5121	431	34	budgetary	budgetary	ADJ
cblr-5121	431	35	autonomy	autonomy	NOUN
cblr-5121	431	36	,	,	PUNCT
cblr-5121	431	37	the	the	DET
cblr-5121	431	38	structure	structure	NOUN
cblr-5121	431	39	of	of	ADP
cblr-5121	431	40	the	the	DET
cblr-5121	431	41	fomc	fomc	NOUN
cblr-5121	431	42	—	—	PUNCT
cblr-5121	431	43	for	for	ADP
cblr-5121	431	44	bank	bank	NOUN
cblr-5121	431	45	supervision	supervision	NOUN
cblr-5121	431	46	.	.	PUNCT
cblr-5121	431	47	”	"	PUNCT
cblr-5121	431	48	)	)	PUNCT
cblr-5121	431	49	.	.	PUNCT
cblr-5121	432	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	432	2	(	(	PUNCT
cblr-5121	432	3	do	do	AUX
cblr-5121	432	4	not	not	PART
cblr-5121	432	5	delte	delte	VERB
cblr-5121	432	6	)	)	PUNCT
cblr-5121	432	7	1/3/2020	1/3/2020	NUM
cblr-5121	432	8	4:04	4:04	NUM
cblr-5121	432	9	pm	pm	NOUN
cblr-5121	432	10	1148	1148	NUM
cblr-5121	432	11	columbia	columbia	PROPN
cblr-5121	432	12	business	business	NOUN
cblr-5121	432	13	law	law	PROPN
cblr-5121	432	14	review	review	NOUN
cblr-5121	432	15	[	[	X
cblr-5121	432	16	vol	vol	NOUN
cblr-5121	432	17	.	.	PUNCT
cblr-5121	432	18	2019	2019	NUM
cblr-5121	432	19	although	although	SCONJ
cblr-5121	432	20	the	the	DET
cblr-5121	432	21	framers	framer	NOUN
cblr-5121	432	22	of	of	ADP
cblr-5121	432	23	the	the	DET
cblr-5121	432	24	federal	federal	PROPN
cblr-5121	432	25	reserve	reserve	PROPN
cblr-5121	432	26	system	system	NOUN
cblr-5121	432	27	crafted	craft	VERB
cblr-5121	432	28	an	an	DET
cblr-5121	432	29	institutional	institutional	ADJ
cblr-5121	432	30	framework	framework	NOUN
cblr-5121	432	31	deliberately	deliberately	ADV
cblr-5121	432	32	insulated	insulate	VERB
cblr-5121	432	33	from	from	ADP
cblr-5121	432	34	politics	politic	NOUN
cblr-5121	432	35	,	,	PUNCT
cblr-5121	432	36	the	the	DET
cblr-5121	432	37	federal	federal	PROPN
cblr-5121	432	38	reserve	reserve	PROPN
cblr-5121	432	39	’s	’s	PART
cblr-5121	432	40	regulatory	regulatory	ADJ
cblr-5121	432	41	responsibilities	responsibility	NOUN
cblr-5121	432	42	almost	almost	ADV
cblr-5121	432	43	uniformly	uniformly	ADV
cblr-5121	432	44	expanded	expand	VERB
cblr-5121	432	45	after	after	ADP
cblr-5121	432	46	its	its	PRON
cblr-5121	432	47	initial	initial	ADJ
cblr-5121	432	48	creation.106	creation.106	NOUN
cblr-5121	432	49	this	this	DET
cblr-5121	432	50	subsequent	subsequent	ADJ
cblr-5121	432	51	coupling	coupling	NOUN
cblr-5121	432	52	of	of	ADP
cblr-5121	432	53	supervisory	supervisory	ADJ
cblr-5121	432	54	and	and	CCONJ
cblr-5121	432	55	monetary	monetary	ADJ
cblr-5121	432	56	policy	policy	NOUN
cblr-5121	432	57	authority	authority	NOUN
cblr-5121	432	58	arguably	arguably	ADV
cblr-5121	432	59	does	do	AUX
cblr-5121	432	60	not	not	PART
cblr-5121	432	61	reflect	reflect	VERB
cblr-5121	432	62	a	a	DET
cblr-5121	432	63	careful	careful	ADJ
cblr-5121	432	64	consideration	consideration	NOUN
cblr-5121	432	65	of	of	ADP
cblr-5121	432	66	the	the	DET
cblr-5121	432	67	political	political	ADJ
cblr-5121	432	68	independence	independence	NOUN
cblr-5121	432	69	of	of	ADP
cblr-5121	432	70	the	the	DET
cblr-5121	432	71	federal	federal	PROPN
cblr-5121	432	72	reserve	reserve	NOUN
cblr-5121	432	73	but	but	CCONJ
cblr-5121	432	74	instead	instead	ADV
cblr-5121	432	75	“	"	PUNCT
cblr-5121	432	76	reflects	reflect	VERB
cblr-5121	432	77	path	path	NOUN
cblr-5121	432	78	dependency	dependency	NOUN
cblr-5121	432	79	and	and	CCONJ
cblr-5121	432	80	historical	historical	ADJ
cblr-5121	432	81	inertia	inertia	NOUN
cblr-5121	432	82	.	.	PUNCT
cblr-5121	432	83	”107	”107	PUNCT
cblr-5121	432	84	as	as	ADP
cblr-5121	432	85	a	a	DET
cblr-5121	432	86	result	result	NOUN
cblr-5121	432	87	,	,	PUNCT
cblr-5121	432	88	the	the	DET
cblr-5121	432	89	vesting	vesting	NOUN
cblr-5121	432	90	of	of	ADP
cblr-5121	432	91	financial	financial	ADJ
cblr-5121	432	92	supervisory	supervisory	ADJ
cblr-5121	432	93	authority	authority	NOUN
cblr-5121	432	94	in	in	ADP
cblr-5121	432	95	the	the	DET
cblr-5121	432	96	federal	federal	PROPN
cblr-5121	432	97	reserve	reserve	PROPN
cblr-5121	432	98	has	have	AUX
cblr-5121	432	99	combined	combine	VERB
cblr-5121	432	100	supervisory	supervisory	ADJ
cblr-5121	432	101	and	and	CCONJ
cblr-5121	432	102	monetary	monetary	ADJ
cblr-5121	432	103	policy	policy	NOUN
cblr-5121	432	104	authority	authority	NOUN
cblr-5121	432	105	in	in	ADP
cblr-5121	432	106	an	an	DET
cblr-5121	432	107	institution	institution	NOUN
cblr-5121	432	108	whose	whose	DET
cblr-5121	432	109	unique	unique	ADJ
cblr-5121	432	110	governance	governance	NOUN
cblr-5121	432	111	arrangement	arrangement	NOUN
cblr-5121	432	112	potentially	potentially	ADV
cblr-5121	432	113	leaves	leave	VERB
cblr-5121	432	114	it	it	PRON
cblr-5121	432	115	prone	prone	ADJ
cblr-5121	432	116	to	to	ADP
cblr-5121	432	117	industry	industry	NOUN
cblr-5121	432	118	influence	influence	NOUN
cblr-5121	432	119	.	.	PUNCT
cblr-5121	433	1	d.	d.	PROPN
cblr-5121	433	2	responses	response	NOUN
cblr-5121	433	3	to	to	ADP
cblr-5121	433	4	criticism	criticism	NOUN
cblr-5121	433	5	of	of	ADP
cblr-5121	433	6	reserve	reserve	PROPN
cblr-5121	433	7	bank	bank	PROPN
cblr-5121	433	8	supervision	supervision	NOUN
cblr-5121	433	9	in	in	ADP
cblr-5121	433	10	spite	spite	NOUN
cblr-5121	433	11	of	of	ADP
cblr-5121	433	12	its	its	PRON
cblr-5121	433	13	structural	structural	ADJ
cblr-5121	433	14	peculiarities	peculiarity	NOUN
cblr-5121	433	15	,	,	PUNCT
cblr-5121	433	16	the	the	DET
cblr-5121	433	17	federal	federal	PROPN
cblr-5121	433	18	reserve	reserve	PROPN
cblr-5121	433	19	’s	’s	PART
cblr-5121	433	20	arrangement	arrangement	NOUN
cblr-5121	433	21	of	of	ADP
cblr-5121	433	22	quasi	quasi	ADJ
cblr-5121	433	23	-	-	ADJ
cblr-5121	433	24	private	private	ADJ
cblr-5121	433	25	regulation	regulation	NOUN
cblr-5121	433	26	does	do	AUX
cblr-5121	433	27	not	not	PART
cblr-5121	433	28	necessarily	necessarily	ADV
cblr-5121	433	29	mean	mean	VERB
cblr-5121	433	30	that	that	SCONJ
cblr-5121	433	31	the	the	DET
cblr-5121	433	32	reserve	reserve	NOUN
cblr-5121	433	33	banks	bank	NOUN
cblr-5121	433	34	are	be	AUX
cblr-5121	433	35	uniquely	uniquely	ADV
cblr-5121	433	36	susceptible	susceptible	ADJ
cblr-5121	433	37	to	to	AUX
cblr-5121	433	38	capture	capture	VERB
cblr-5121	433	39	.	.	PUNCT
cblr-5121	434	1	self	self	NOUN
cblr-5121	434	2	-	-	PUNCT
cblr-5121	434	3	regulation	regulation	NOUN
cblr-5121	434	4	is	be	AUX
cblr-5121	434	5	not	not	PART
cblr-5121	434	6	uncommon	uncommon	ADJ
cblr-5121	434	7	in	in	ADP
cblr-5121	434	8	the	the	DET
cblr-5121	434	9	financial	financial	ADJ
cblr-5121	434	10	industry	industry	NOUN
cblr-5121	434	11	,	,	PUNCT
cblr-5121	434	12	which	which	PRON
cblr-5121	434	13	widely	widely	ADV
cblr-5121	434	14	relies	rely	VERB
cblr-5121	434	15	on	on	ADP
cblr-5121	434	16	intra	intra	ADJ
cblr-5121	434	17	-	-	ADJ
cblr-5121	434	18	industry	industry	ADJ
cblr-5121	434	19	policing	policing	NOUN
cblr-5121	434	20	through	through	ADP
cblr-5121	434	21	entities	entity	NOUN
cblr-5121	434	22	like	like	ADP
cblr-5121	434	23	the	the	DET
cblr-5121	434	24	financial	financial	ADJ
cblr-5121	434	25	industry	industry	NOUN
cblr-5121	434	26	regulatory	regulatory	ADJ
cblr-5121	434	27	authority.108	authority.108	CCONJ
cblr-5121	434	28	indeed	indeed	ADV
cblr-5121	434	29	,	,	PUNCT
cblr-5121	434	30	self	self	NOUN
cblr-5121	434	31	-	-	PUNCT
cblr-5121	434	32	regulation	regulation	NOUN
cblr-5121	434	33	may	may	AUX
cblr-5121	434	34	be	be	AUX
cblr-5121	434	35	particularly	particularly	ADV
cblr-5121	434	36	effective	effective	ADJ
cblr-5121	434	37	in	in	ADP
cblr-5121	434	38	the	the	DET
cblr-5121	434	39	field	field	NOUN
cblr-5121	434	40	,	,	PUNCT
cblr-5121	434	41	considering	consider	VERB
cblr-5121	434	42	the	the	DET
cblr-5121	434	43	complexities	complexity	NOUN
cblr-5121	434	44	of	of	ADP
cblr-5121	434	45	banking	banking	NOUN
cblr-5121	434	46	and	and	CCONJ
cblr-5121	434	47	the	the	DET
cblr-5121	434	48	incentives	incentive	NOUN
cblr-5121	434	49	of	of	ADP
cblr-5121	434	50	market	market	NOUN
cblr-5121	434	51	participants	participant	NOUN
cblr-5121	434	52	to	to	PART
cblr-5121	434	53	insist	insist	VERB
cblr-5121	434	54	106	106	NUM
cblr-5121	434	55	i	i	PRON
cblr-5121	434	56	d.	d.	PROPN
cblr-5121	434	57	at	at	ADP
cblr-5121	434	58	160–63	160–63	NUM
cblr-5121	434	59	.	.	PUNCT
cblr-5121	435	1	107	107	NUM
cblr-5121	436	1	i	i	PRON
cblr-5121	436	2	d.	d.	PROPN
cblr-5121	436	3	at	at	ADP
cblr-5121	436	4	170	170	NUM
cblr-5121	436	5	.	.	PROPN
cblr-5121	436	6	108	108	NUM
cblr-5121	436	7	professor	professor	NOUN
cblr-5121	436	8	gillian	gillian	PROPN
cblr-5121	436	9	metzger	metzger	PROPN
cblr-5121	436	10	has	have	AUX
cblr-5121	436	11	commented	comment	VERB
cblr-5121	436	12	on	on	ADP
cblr-5121	436	13	this	this	DET
cblr-5121	436	14	norm	norm	NOUN
cblr-5121	436	15	in	in	ADP
cblr-5121	436	16	the	the	DET
cblr-5121	436	17	financial	financial	ADJ
cblr-5121	436	18	services	service	NOUN
cblr-5121	436	19	industry	industry	NOUN
cblr-5121	436	20	,	,	PUNCT
cblr-5121	436	21	noting	note	VERB
cblr-5121	436	22	that	that	SCONJ
cblr-5121	436	23	:	:	PUNCT
cblr-5121	436	24	reliance	reliance	NOUN
cblr-5121	436	25	on	on	ADP
cblr-5121	436	26	private	private	ADJ
cblr-5121	436	27	actors	actor	NOUN
cblr-5121	436	28	is	be	AUX
cblr-5121	436	29	a	a	DET
cblr-5121	436	30	central	central	ADJ
cblr-5121	436	31	and	and	CCONJ
cblr-5121	436	32	recurring	recur	VERB
cblr-5121	436	33	theme	theme	NOUN
cblr-5121	436	34	of	of	ADP
cblr-5121	436	35	financial	financial	ADJ
cblr-5121	436	36	regulation	regulation	NOUN
cblr-5121	436	37	.	.	PUNCT
cblr-5121	437	1	supervisory	supervisory	ADJ
cblr-5121	437	2	responsibilities	responsibility	NOUN
cblr-5121	437	3	are	be	AUX
cblr-5121	437	4	delegated	delegate	VERB
cblr-5121	437	5	to	to	ADP
cblr-5121	437	6	private	private	ADJ
cblr-5121	437	7	self	self	NOUN
cblr-5121	437	8	-	-	PUNCT
cblr-5121	437	9	regulatory	regulatory	ADJ
cblr-5121	437	10	organizations	organization	NOUN
cblr-5121	437	11	,	,	PUNCT
cblr-5121	437	12	like	like	ADP
cblr-5121	437	13	the	the	DET
cblr-5121	437	14	financial	financial	ADJ
cblr-5121	437	15	industry	industry	NOUN
cblr-5121	437	16	regulatory	regulatory	ADJ
cblr-5121	437	17	authority	authority	NOUN
cblr-5121	437	18	(	(	PUNCT
cblr-5121	437	19	finra	finra	PROPN
cblr-5121	437	20	)	)	PUNCT
cblr-5121	437	21	,	,	PUNCT
cblr-5121	437	22	which	which	PRON
cblr-5121	437	23	oversees	oversee	VERB
cblr-5121	437	24	the	the	DET
cblr-5121	437	25	securities	security	NOUN
cblr-5121	437	26	industry	industry	NOUN
cblr-5121	437	27	.	.	PUNCT
cblr-5121	437	28	.	.	PUNCT
cblr-5121	437	29	.	.	PUNCT
cblr-5121	438	1	the	the	DET
cblr-5121	438	2	inclusion	inclusion	NOUN
cblr-5121	438	3	of	of	ADP
cblr-5121	438	4	representatives	representative	NOUN
cblr-5121	438	5	of	of	ADP
cblr-5121	438	6	private	private	ADJ
cblr-5121	438	7	member	member	NOUN
cblr-5121	438	8	banks	bank	NOUN
cblr-5121	438	9	in	in	ADP
cblr-5121	438	10	the	the	DET
cblr-5121	438	11	fed	fed	PROPN
cblr-5121	438	12	’s	’s	PART
cblr-5121	438	13	institutional	institutional	ADJ
cblr-5121	438	14	structure	structure	NOUN
cblr-5121	438	15	is	be	AUX
cblr-5121	438	16	another	another	DET
cblr-5121	438	17	manifestation	manifestation	NOUN
cblr-5121	438	18	of	of	ADP
cblr-5121	438	19	this	this	DET
cblr-5121	438	20	incorporation	incorporation	NOUN
cblr-5121	438	21	of	of	ADP
cblr-5121	438	22	private	private	ADJ
cblr-5121	438	23	actors	actor	NOUN
cblr-5121	438	24	into	into	ADP
cblr-5121	438	25	public	public	ADJ
cblr-5121	438	26	financial	financial	ADJ
cblr-5121	438	27	regulation	regulation	NOUN
cblr-5121	438	28	.	.	PUNCT
cblr-5121	439	1	metzger	metzger	PROPN
cblr-5121	439	2	,	,	PUNCT
cblr-5121	439	3	supra	supra	PROPN
cblr-5121	439	4	note	note	PROPN
cblr-5121	439	5	102	102	NUM
cblr-5121	439	6	,	,	PUNCT
cblr-5121	439	7	at	at	ADP
cblr-5121	439	8	139	139	NUM
cblr-5121	439	9	.	.	PUNCT
cblr-5121	440	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	440	2	(	(	PUNCT
cblr-5121	440	3	do	do	AUX
cblr-5121	440	4	not	not	PART
cblr-5121	440	5	delete	delete	VERB
cblr-5121	440	6	)	)	PUNCT
cblr-5121	440	7	1/3/2020	1/3/2020	NUM
cblr-5121	440	8	4:04	4:04	NUM
cblr-5121	440	9	pm	pm	NOUN
cblr-5121	440	10	no	no	NOUN
cblr-5121	440	11	.	.	PUNCT
cblr-5121	441	1	3:1123	3:1123	NUM
cblr-5121	441	2	]	]	PUNCT
cblr-5121	441	3	insider	insider	NOUN
cblr-5121	441	4	interest	interest	NOUN
cblr-5121	441	5	,	,	PUNCT
cblr-5121	441	6	not	not	PART
cblr-5121	441	7	industry	industry	NOUN
cblr-5121	441	8	influence	influence	NOUN
cblr-5121	441	9	1149	1149	NUM
cblr-5121	441	10	on	on	ADP
cblr-5121	441	11	more	more	ADV
cblr-5121	441	12	stringent	stringent	ADJ
cblr-5121	441	13	supervision	supervision	NOUN
cblr-5121	441	14	of	of	ADP
cblr-5121	441	15	industry	industry	NOUN
cblr-5121	441	16	members.109	members.109	VERB
cblr-5121	441	17	ideally	ideally	ADV
cblr-5121	441	18	,	,	PUNCT
cblr-5121	441	19	if	if	SCONJ
cblr-5121	441	20	bank	bank	NOUN
cblr-5121	441	21	customers	customer	NOUN
cblr-5121	441	22	bear	bear	VERB
cblr-5121	441	23	the	the	DET
cblr-5121	441	24	costs	cost	NOUN
cblr-5121	441	25	of	of	ADP
cblr-5121	441	26	misbehavior	misbehavior	NOUN
cblr-5121	441	27	by	by	ADP
cblr-5121	441	28	financial	financial	ADJ
cblr-5121	441	29	institutions	institution	NOUN
cblr-5121	441	30	through	through	ADP
cblr-5121	441	31	overpaying	overpay	VERB
cblr-5121	441	32	for	for	ADP
cblr-5121	441	33	financial	financial	ADJ
cblr-5121	441	34	products	product	NOUN
cblr-5121	441	35	(	(	PUNCT
cblr-5121	441	36	rather	rather	ADV
cblr-5121	441	37	than	than	ADP
cblr-5121	441	38	benefiting	benefit	VERB
cblr-5121	441	39	themselves	themselves	PRON
cblr-5121	441	40	from	from	ADP
cblr-5121	441	41	such	such	ADJ
cblr-5121	441	42	misbehavior	misbehavior	NOUN
cblr-5121	441	43	)	)	PUNCT
cblr-5121	441	44	,	,	PUNCT
cblr-5121	441	45	financial	financial	ADJ
cblr-5121	441	46	institutions	institution	NOUN
cblr-5121	441	47	are	be	AUX
cblr-5121	441	48	incentivized	incentivize	VERB
cblr-5121	441	49	to	to	PART
cblr-5121	441	50	police	police	VERB
cblr-5121	441	51	the	the	DET
cblr-5121	441	52	behavior	behavior	NOUN
cblr-5121	441	53	of	of	ADP
cblr-5121	441	54	competitors.110	competitors.110	NOUN
cblr-5121	441	55	consequently	consequently	ADV
cblr-5121	441	56	,	,	PUNCT
cblr-5121	441	57	the	the	DET
cblr-5121	441	58	presence	presence	NOUN
cblr-5121	441	59	of	of	ADP
cblr-5121	441	60	financial	financial	ADJ
cblr-5121	441	61	interests	interest	NOUN
cblr-5121	441	62	in	in	ADP
cblr-5121	441	63	the	the	DET
cblr-5121	441	64	governing	govern	VERB
cblr-5121	441	65	board	board	NOUN
cblr-5121	441	66	of	of	ADP
cblr-5121	441	67	the	the	DET
cblr-5121	441	68	reserve	reserve	NOUN
cblr-5121	441	69	banks	bank	NOUN
cblr-5121	441	70	may	may	AUX
cblr-5121	441	71	be	be	AUX
cblr-5121	441	72	less	less	ADV
cblr-5121	441	73	problematic	problematic	ADJ
cblr-5121	441	74	than	than	SCONJ
cblr-5121	441	75	it	it	PRON
cblr-5121	441	76	initially	initially	ADV
cblr-5121	441	77	appears	appear	VERB
cblr-5121	441	78	.	.	PUNCT
cblr-5121	442	1	additionally	additionally	ADV
cblr-5121	442	2	,	,	PUNCT
cblr-5121	442	3	although	although	SCONJ
cblr-5121	442	4	the	the	DET
cblr-5121	442	5	issuance	issuance	NOUN
cblr-5121	442	6	of	of	ADP
cblr-5121	442	7	federal	federal	PROPN
cblr-5121	442	8	reserve	reserve	PROPN
cblr-5121	442	9	bank	bank	PROPN
cblr-5121	442	10	stock	stock	NOUN
cblr-5121	442	11	to	to	ADP
cblr-5121	442	12	regulated	regulated	ADJ
cblr-5121	442	13	member	member	NOUN
cblr-5121	442	14	banks	bank	NOUN
cblr-5121	442	15	appears	appear	VERB
cblr-5121	442	16	to	to	PART
cblr-5121	442	17	give	give	VERB
cblr-5121	442	18	them	they	PRON
cblr-5121	442	19	a	a	DET
cblr-5121	442	20	direct	direct	ADJ
cblr-5121	442	21	interest	interest	NOUN
cblr-5121	442	22	in	in	ADP
cblr-5121	442	23	the	the	DET
cblr-5121	442	24	reserve	reserve	NOUN
cblr-5121	442	25	banks,111	banks,111	PROPN
cblr-5121	442	26	the	the	DET
cblr-5121	442	27	ownership	ownership	NOUN
cblr-5121	442	28	of	of	ADP
cblr-5121	442	29	stock	stock	NOUN
cblr-5121	442	30	does	do	AUX
cblr-5121	442	31	not	not	PART
cblr-5121	442	32	necessarily	necessarily	ADV
cblr-5121	442	33	correlate	correlate	VERB
cblr-5121	442	34	to	to	ADP
cblr-5121	442	35	effective	effective	ADJ
cblr-5121	442	36	control	control	NOUN
cblr-5121	442	37	by	by	ADP
cblr-5121	442	38	the	the	DET
cblr-5121	442	39	stockholding	stockholding	NOUN
cblr-5121	442	40	banks.112	banks.112	PROPN
cblr-5121	442	41	finally	finally	ADV
cblr-5121	442	42	,	,	PUNCT
cblr-5121	442	43	accusations	accusation	NOUN
cblr-5121	442	44	of	of	ADP
cblr-5121	442	45	capture	capture	NOUN
cblr-5121	442	46	by	by	ADP
cblr-5121	442	47	financial	financial	ADJ
cblr-5121	442	48	interests	interest	NOUN
cblr-5121	442	49	are	be	AUX
cblr-5121	442	50	not	not	PART
cblr-5121	442	51	unique	unique	ADJ
cblr-5121	442	52	to	to	ADP
cblr-5121	442	53	the	the	DET
cblr-5121	442	54	federal	federal	PROPN
cblr-5121	442	55	reserve	reserve	PROPN
cblr-5121	442	56	,	,	PUNCT
cblr-5121	442	57	and	and	CCONJ
cblr-5121	442	58	are	be	AUX
cblr-5121	442	59	also	also	ADV
cblr-5121	442	60	levied	levy	VERB
cblr-5121	442	61	against	against	ADP
cblr-5121	442	62	more	more	ADV
cblr-5121	442	63	politically	politically	ADV
cblr-5121	442	64	accountable	accountable	ADJ
cblr-5121	442	65	regulators	regulator	NOUN
cblr-5121	442	66	.	.	PUNCT
cblr-5121	443	1	the	the	DET
cblr-5121	443	2	now	now	ADV
cblr-5121	443	3	-	-	PUNCT
cblr-5121	443	4	defunct	defunct	ADJ
cblr-5121	443	5	office	office	NOUN
cblr-5121	443	6	of	of	ADP
cblr-5121	443	7	thrift	thrift	NOUN
cblr-5121	443	8	supervision	supervision	NOUN
cblr-5121	443	9	notoriously	notoriously	ADV
cblr-5121	443	10	advertised	advertise	VERB
cblr-5121	443	11	itself	itself	PRON
cblr-5121	443	12	as	as	ADP
cblr-5121	443	13	a	a	DET
cblr-5121	443	14	“	"	PUNCT
cblr-5121	443	15	less	less	ADV
cblr-5121	443	16	antagonistic	antagonistic	ADJ
cblr-5121	443	17	”	"	PUNCT
cblr-5121	443	18	regulator	regulator	NOUN
cblr-5121	443	19	and	and	CCONJ
cblr-5121	443	20	supervised	supervise	VERB
cblr-5121	443	21	some	some	PRON
cblr-5121	443	22	of	of	ADP
cblr-5121	443	23	the	the	DET
cblr-5121	443	24	least	least	ADJ
cblr-5121	443	25	-	-	PUNCT
cblr-5121	443	26	sound	sound	NOUN
cblr-5121	443	27	institutions	institution	NOUN
cblr-5121	443	28	prior	prior	ADV
cblr-5121	443	29	to	to	ADP
cblr-5121	443	30	the	the	DET
cblr-5121	443	31	financial	financial	ADJ
cblr-5121	443	32	crisis.113	crisis.113	PROPN
cblr-5121	443	33	more	more	ADV
cblr-5121	443	34	broadly	broadly	ADV
cblr-5121	443	35	,	,	PUNCT
cblr-5121	443	36	the	the	DET
cblr-5121	443	37	combination	combination	NOUN
cblr-5121	443	38	of	of	ADP
cblr-5121	443	39	supervisory	supervisory	ADJ
cblr-5121	443	40	and	and	CCONJ
cblr-5121	443	41	monetary	monetary	ADJ
cblr-5121	443	42	policy	policy	NOUN
cblr-5121	443	43	authority	authority	NOUN
cblr-5121	443	44	in	in	ADP
cblr-5121	443	45	the	the	DET
cblr-5121	443	46	federal	federal	PROPN
cblr-5121	443	47	reserve	reserve	NOUN
cblr-5121	443	48	may	may	AUX
cblr-5121	443	49	not	not	PART
cblr-5121	443	50	be	be	AUX
cblr-5121	443	51	undesirable	undesirable	ADJ
cblr-5121	443	52	from	from	ADP
cblr-5121	443	53	either	either	CCONJ
cblr-5121	443	54	a	a	DET
cblr-5121	443	55	theoretical	theoretical	ADJ
cblr-5121	443	56	or	or	CCONJ
cblr-5121	443	57	practical	practical	ADJ
cblr-5121	443	58	perspective	perspective	NOUN
cblr-5121	443	59	.	.	PUNCT
cblr-5121	444	1	secrecy	secrecy	NOUN
cblr-5121	444	2	and	and	CCONJ
cblr-5121	444	3	political	political	ADJ
cblr-5121	444	4	insulation	insulation	NOUN
cblr-5121	444	5	in	in	ADP
cblr-5121	444	6	institutional	institutional	ADJ
cblr-5121	444	7	design	design	NOUN
cblr-5121	444	8	is	be	AUX
cblr-5121	444	9	not	not	PART
cblr-5121	444	10	109	109	NUM
cblr-5121	444	11	see	see	NOUN
cblr-5121	444	12	william	william	PROPN
cblr-5121	444	13	a.	a.	PROPN
cblr-5121	444	14	birdthistle	birdthistle	PROPN
cblr-5121	444	15	&	&	CCONJ
cblr-5121	444	16	m.	m.	PROPN
cblr-5121	444	17	todd	todd	PROPN
cblr-5121	444	18	henderson	henderson	PROPN
cblr-5121	444	19	,	,	PUNCT
cblr-5121	444	20	becoming	become	VERB
cblr-5121	444	21	a	a	DET
cblr-5121	444	22	fifth	fifth	ADJ
cblr-5121	444	23	branch	branch	NOUN
cblr-5121	444	24	,	,	PUNCT
cblr-5121	444	25	99	99	NUM
cblr-5121	444	26	cornell	cornell	PROPN
cblr-5121	444	27	l.	l.	PROPN
cblr-5121	444	28	rev	rev	PROPN
cblr-5121	444	29	.	.	PROPN
cblr-5121	444	30	1	1	NUM
cblr-5121	444	31	,	,	PUNCT
cblr-5121	444	32	5	5	NUM
cblr-5121	444	33	,	,	PUNCT
cblr-5121	444	34	8–12	8–12	NUM
cblr-5121	444	35	(	(	PUNCT
cblr-5121	444	36	2013	2013	NUM
cblr-5121	444	37	)	)	PUNCT
cblr-5121	444	38	(	(	PUNCT
cblr-5121	444	39	“	"	PUNCT
cblr-5121	444	40	[	[	PUNCT
cblr-5121	444	41	self	self	NOUN
cblr-5121	444	42	-	-	PUNCT
cblr-5121	444	43	regulation	regulation	NOUN
cblr-5121	444	44	]	]	PUNCT
cblr-5121	444	45	is	be	AUX
cblr-5121	444	46	the	the	DET
cblr-5121	444	47	seemingly	seemingly	ADV
cblr-5121	444	48	sensible	sensible	ADJ
cblr-5121	444	49	approach	approach	NOUN
cblr-5121	444	50	to	to	ADP
cblr-5121	444	51	financial	financial	ADJ
cblr-5121	444	52	regulation	regulation	NOUN
cblr-5121	444	53	.	.	PUNCT
cblr-5121	444	54	.	.	PUNCT
cblr-5121	444	55	.	.	PUNCT
cblr-5121	444	56	.	.	PUNCT
cblr-5121	445	1	industry	industry	NOUN
cblr-5121	445	2	professionals	professional	NOUN
cblr-5121	445	3	have	have	VERB
cblr-5121	445	4	strong	strong	ADJ
cblr-5121	445	5	incentives	incentive	NOUN
cblr-5121	445	6	to	to	PART
cblr-5121	445	7	police	police	VERB
cblr-5121	445	8	their	their	PRON
cblr-5121	445	9	own	own	ADJ
cblr-5121	445	10	,	,	PUNCT
cblr-5121	445	11	since	since	SCONJ
cblr-5121	445	12	many	many	ADJ
cblr-5121	445	13	of	of	ADP
cblr-5121	445	14	the	the	DET
cblr-5121	445	15	costs	cost	NOUN
cblr-5121	445	16	of	of	ADP
cblr-5121	445	17	misbehavior	misbehavior	NOUN
cblr-5121	445	18	are	be	AUX
cblr-5121	445	19	born	bear	VERB
cblr-5121	445	20	by	by	ADP
cblr-5121	445	21	all	all	DET
cblr-5121	445	22	members	member	NOUN
cblr-5121	445	23	of	of	ADP
cblr-5121	445	24	the	the	DET
cblr-5121	445	25	profession	profession	NOUN
cblr-5121	445	26	while	while	SCONJ
cblr-5121	445	27	the	the	DET
cblr-5121	445	28	benefits	benefit	NOUN
cblr-5121	445	29	inure	inure	NOUN
cblr-5121	445	30	only	only	ADV
cblr-5121	445	31	to	to	ADP
cblr-5121	445	32	the	the	DET
cblr-5121	445	33	misbehaving	misbehave	VERB
cblr-5121	445	34	few	few	ADJ
cblr-5121	445	35	.	.	PUNCT
cblr-5121	445	36	”	"	PUNCT
cblr-5121	445	37	)	)	PUNCT
cblr-5121	445	38	;	;	PUNCT
cblr-5121	445	39	see	see	VERB
cblr-5121	445	40	also	also	ADV
cblr-5121	445	41	simon	simon	PROPN
cblr-5121	445	42	johnson	johnson	PROPN
cblr-5121	445	43	&	&	CCONJ
cblr-5121	445	44	james	james	PROPN
cblr-5121	445	45	kwak	kwak	PROPN
cblr-5121	445	46	,	,	PUNCT
cblr-5121	445	47	13	13	NUM
cblr-5121	445	48	bankers	banker	NOUN
cblr-5121	445	49	:	:	PUNCT
cblr-5121	445	50	the	the	DET
cblr-5121	445	51	wall	wall	PROPN
cblr-5121	445	52	street	street	PROPN
cblr-5121	445	53	takeover	takeover	PROPN
cblr-5121	445	54	and	and	CCONJ
cblr-5121	445	55	the	the	DET
cblr-5121	445	56	next	next	ADJ
cblr-5121	445	57	financial	financial	ADJ
cblr-5121	445	58	meltdown	meltdown	NOUN
cblr-5121	445	59	94	94	NUM
cblr-5121	445	60	(	(	PUNCT
cblr-5121	445	61	2010	2010	NUM
cblr-5121	445	62	)	)	PUNCT
cblr-5121	445	63	(	(	PUNCT
cblr-5121	445	64	“	"	PUNCT
cblr-5121	445	65	financial	financial	ADJ
cblr-5121	445	66	policy	policy	NOUN
cblr-5121	445	67	took	take	VERB
cblr-5121	445	68	on	on	ADP
cblr-5121	445	69	the	the	DET
cblr-5121	445	70	trappings	trapping	NOUN
cblr-5121	445	71	of	of	ADP
cblr-5121	445	72	a	a	DET
cblr-5121	445	73	branch	branch	NOUN
cblr-5121	445	74	of	of	ADP
cblr-5121	445	75	engineering	engineering	NOUN
cblr-5121	445	76	,	,	PUNCT
cblr-5121	445	77	in	in	ADP
cblr-5121	445	78	which	which	PRON
cblr-5121	445	79	only	only	ADV
cblr-5121	445	80	those	those	PRON
cblr-5121	445	81	with	with	ADP
cblr-5121	445	82	hands	hand	NOUN
cblr-5121	445	83	-	-	PUNCT
cblr-5121	445	84	on	on	ADP
cblr-5121	445	85	experience	experience	NOUN
cblr-5121	445	86	on	on	ADP
cblr-5121	445	87	the	the	DET
cblr-5121	445	88	cutting	cut	VERB
cblr-5121	445	89	edge	edge	NOUN
cblr-5121	445	90	of	of	ADP
cblr-5121	445	91	innovation	innovation	NOUN
cblr-5121	445	92	were	be	AUX
cblr-5121	445	93	qualified	qualified	ADJ
cblr-5121	445	94	to	to	PART
cblr-5121	445	95	comment	comment	VERB
cblr-5121	445	96	.	.	PUNCT
cblr-5121	445	97	”	"	PUNCT
cblr-5121	445	98	)	)	PUNCT
cblr-5121	445	99	.	.	PUNCT
cblr-5121	446	1	110	110	NUM
cblr-5121	446	2	see	see	VERB
cblr-5121	446	3	birdthistle	birdthistle	PROPN
cblr-5121	446	4	&	&	CCONJ
cblr-5121	446	5	henderson	henderson	PROPN
cblr-5121	446	6	,	,	PUNCT
cblr-5121	446	7	supra	supra	PROPN
cblr-5121	446	8	note	note	PROPN
cblr-5121	446	9	109	109	NUM
cblr-5121	446	10	,	,	PUNCT
cblr-5121	446	11	at	at	ADP
cblr-5121	446	12	8–11	8–11	NOUN
cblr-5121	446	13	.	.	PUNCT
cblr-5121	447	1	such	such	ADJ
cblr-5121	447	2	selfregulation	selfregulation	NOUN
cblr-5121	447	3	is	be	AUX
cblr-5121	447	4	not	not	PART
cblr-5121	447	5	only	only	ADV
cblr-5121	447	6	theoretically	theoretically	ADV
cblr-5121	447	7	beneficial	beneficial	ADJ
cblr-5121	447	8	,	,	PUNCT
cblr-5121	447	9	but	but	CCONJ
cblr-5121	447	10	is	be	AUX
cblr-5121	447	11	also	also	ADV
cblr-5121	447	12	arguably	arguably	ADV
cblr-5121	447	13	successful	successful	ADJ
cblr-5121	447	14	in	in	ADP
cblr-5121	447	15	practice	practice	NOUN
cblr-5121	447	16	.	.	PUNCT
cblr-5121	448	1	see	see	VERB
cblr-5121	448	2	i	i	PRON
cblr-5121	448	3	d.	d.	PROPN
cblr-5121	448	4	at	at	ADP
cblr-5121	448	5	12	12	NUM
cblr-5121	448	6	(	(	PUNCT
cblr-5121	448	7	“	"	PUNCT
cblr-5121	448	8	whatever	whatever	PRON
cblr-5121	448	9	the	the	DET
cblr-5121	448	10	theoretical	theoretical	ADJ
cblr-5121	448	11	limitations	limitation	NOUN
cblr-5121	448	12	upon	upon	SCONJ
cblr-5121	448	13	financial	financial	ADJ
cblr-5121	448	14	self	self	NOUN
cblr-5121	448	15	-	-	PUNCT
cblr-5121	448	16	regulation	regulation	NOUN
cblr-5121	448	17	,	,	PUNCT
cblr-5121	448	18	no	no	DET
cblr-5121	448	19	other	other	ADJ
cblr-5121	448	20	arena	arena	NOUN
cblr-5121	448	21	of	of	ADP
cblr-5121	448	22	vital	vital	ADJ
cblr-5121	448	23	economic	economic	ADJ
cblr-5121	448	24	activity	activity	NOUN
cblr-5121	448	25	in	in	ADP
cblr-5121	448	26	this	this	DET
cblr-5121	448	27	country	country	NOUN
cblr-5121	448	28	has	have	AUX
cblr-5121	448	29	regulated	regulate	VERB
cblr-5121	448	30	itself	itself	PRON
cblr-5121	448	31	for	for	ADP
cblr-5121	448	32	so	so	ADV
cblr-5121	448	33	long	long	ADV
cblr-5121	448	34	or	or	CCONJ
cblr-5121	448	35	so	so	ADV
cblr-5121	448	36	comprehensively	comprehensively	ADV
cblr-5121	448	37	.	.	PUNCT
cblr-5121	448	38	”	"	PUNCT
cblr-5121	448	39	)	)	PUNCT
cblr-5121	448	40	.	.	PUNCT
cblr-5121	449	1	111	111	NUM
cblr-5121	449	2	see	see	VERB
cblr-5121	449	3	metzger	metzger	NOUN
cblr-5121	449	4	,	,	PUNCT
cblr-5121	449	5	supra	supra	PROPN
cblr-5121	449	6	note	note	NOUN
cblr-5121	449	7	102	102	NUM
cblr-5121	449	8	.	.	SYM
cblr-5121	449	9	112	112	NUM
cblr-5121	449	10	see	see	VERB
cblr-5121	449	11	meltzer	meltzer	PROPN
cblr-5121	449	12	,	,	PUNCT
cblr-5121	449	13	supra	supra	PROPN
cblr-5121	449	14	note	note	PROPN
cblr-5121	449	15	42	42	NUM
cblr-5121	449	16	.	.	PUNCT
cblr-5121	449	17	113	113	NUM
cblr-5121	449	18	johnson	johnson	PROPN
cblr-5121	449	19	&	&	CCONJ
cblr-5121	449	20	kwak	kwak	PROPN
cblr-5121	449	21	,	,	PUNCT
cblr-5121	449	22	supra	supra	PROPN
cblr-5121	449	23	note	note	PROPN
cblr-5121	449	24	109	109	NUM
cblr-5121	449	25	,	,	PUNCT
cblr-5121	449	26	at	at	ADP
cblr-5121	449	27	96–97	96–97	NUM
cblr-5121	449	28	.	.	PUNCT
cblr-5121	450	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	450	2	(	(	PUNCT
cblr-5121	450	3	do	do	AUX
cblr-5121	450	4	not	not	PART
cblr-5121	450	5	delte	delte	VERB
cblr-5121	450	6	)	)	PUNCT
cblr-5121	450	7	1/3/2020	1/3/2020	NUM
cblr-5121	450	8	4:04	4:04	NUM
cblr-5121	450	9	pm	pm	NOUN
cblr-5121	450	10	1150	1150	NUM
cblr-5121	450	11	columbia	columbia	PROPN
cblr-5121	450	12	business	business	NOUN
cblr-5121	450	13	law	law	PROPN
cblr-5121	450	14	review	review	NOUN
cblr-5121	450	15	[	[	X
cblr-5121	450	16	vol	vol	NOUN
cblr-5121	450	17	.	.	PUNCT
cblr-5121	450	18	2019	2019	NUM
cblr-5121	450	19	only	only	ADV
cblr-5121	450	20	beneficial	beneficial	ADJ
cblr-5121	450	21	in	in	ADP
cblr-5121	450	22	monetary	monetary	ADJ
cblr-5121	450	23	policy	policy	NOUN
cblr-5121	450	24	,	,	PUNCT
cblr-5121	450	25	where	where	SCONJ
cblr-5121	450	26	knowledge	knowledge	NOUN
cblr-5121	450	27	of	of	ADP
cblr-5121	450	28	undisclosed	undisclosed	ADJ
cblr-5121	450	29	policy	policy	NOUN
cblr-5121	450	30	rates	rate	NOUN
cblr-5121	450	31	could	could	AUX
cblr-5121	450	32	allow	allow	VERB
cblr-5121	450	33	for	for	ADP
cblr-5121	450	34	market	market	NOUN
cblr-5121	450	35	manipulation	manipulation	NOUN
cblr-5121	450	36	,	,	PUNCT
cblr-5121	450	37	but	but	CCONJ
cblr-5121	450	38	in	in	ADP
cblr-5121	450	39	regulation	regulation	NOUN
cblr-5121	450	40	as	as	ADV
cblr-5121	450	41	well	well	ADV
cblr-5121	450	42	,	,	PUNCT
cblr-5121	450	43	where	where	SCONJ
cblr-5121	450	44	disclosure	disclosure	NOUN
cblr-5121	450	45	of	of	ADP
cblr-5121	450	46	financial	financial	ADJ
cblr-5121	450	47	trouble	trouble	NOUN
cblr-5121	450	48	at	at	ADP
cblr-5121	450	49	an	an	DET
cblr-5121	450	50	institution	institution	NOUN
cblr-5121	450	51	can	can	AUX
cblr-5121	450	52	spur	spur	VERB
cblr-5121	450	53	a	a	DET
cblr-5121	450	54	run	run	NOUN
cblr-5121	450	55	on	on	ADP
cblr-5121	450	56	the	the	DET
cblr-5121	450	57	distressed	distressed	ADJ
cblr-5121	450	58	bank.114	bank.114	NOUN
cblr-5121	450	59	additionally	additionally	ADV
cblr-5121	450	60	,	,	PUNCT
cblr-5121	450	61	the	the	DET
cblr-5121	450	62	political	political	ADJ
cblr-5121	450	63	accountability	accountability	NOUN
cblr-5121	450	64	of	of	ADP
cblr-5121	450	65	other	other	ADJ
cblr-5121	450	66	executive	executive	ADJ
cblr-5121	450	67	branch	branch	NOUN
cblr-5121	450	68	financial	financial	ADJ
cblr-5121	450	69	regulators	regulator	NOUN
cblr-5121	450	70	does	do	AUX
cblr-5121	450	71	not	not	PART
cblr-5121	450	72	necessarily	necessarily	ADV
cblr-5121	450	73	translate	translate	VERB
cblr-5121	450	74	into	into	ADP
cblr-5121	450	75	greater	great	ADJ
cblr-5121	450	76	insulation	insulation	NOUN
cblr-5121	450	77	from	from	ADP
cblr-5121	450	78	financial	financial	ADJ
cblr-5121	450	79	interests	interest	NOUN
cblr-5121	450	80	.	.	PUNCT
cblr-5121	451	1	indeed	indeed	ADV
cblr-5121	451	2	,	,	PUNCT
cblr-5121	451	3	the	the	DET
cblr-5121	451	4	structure	structure	NOUN
cblr-5121	451	5	of	of	ADP
cblr-5121	451	6	executive	executive	ADJ
cblr-5121	451	7	branch	branch	NOUN
cblr-5121	451	8	agencies	agency	NOUN
cblr-5121	451	9	may	may	AUX
cblr-5121	451	10	provide	provide	VERB
cblr-5121	451	11	alternative	alternative	ADJ
cblr-5121	451	12	opportunities	opportunity	NOUN
cblr-5121	451	13	for	for	ADP
cblr-5121	451	14	regulatory	regulatory	ADJ
cblr-5121	451	15	capture	capture	NOUN
cblr-5121	451	16	,	,	PUNCT
cblr-5121	451	17	given	give	VERB
cblr-5121	451	18	their	their	PRON
cblr-5121	451	19	reliance	reliance	NOUN
cblr-5121	451	20	on	on	ADP
cblr-5121	451	21	fees	fee	NOUN
cblr-5121	451	22	levied	levy	VERB
cblr-5121	451	23	on	on	ADP
cblr-5121	451	24	the	the	DET
cblr-5121	451	25	institutions	institution	NOUN
cblr-5121	451	26	they	they	PRON
cblr-5121	451	27	regulate.115	regulate.115	VERB
cblr-5121	451	28	accusations	accusation	NOUN
cblr-5121	451	29	of	of	ADP
cblr-5121	451	30	regulatory	regulatory	ADJ
cblr-5121	451	31	capture	capture	NOUN
cblr-5121	451	32	that	that	PRON
cblr-5121	451	33	focus	focus	VERB
cblr-5121	451	34	on	on	ADP
cblr-5121	451	35	the	the	DET
cblr-5121	451	36	institutional	institutional	ADJ
cblr-5121	451	37	structure	structure	NOUN
cblr-5121	451	38	of	of	ADP
cblr-5121	451	39	financial	financial	ADJ
cblr-5121	451	40	regulators	regulator	NOUN
cblr-5121	451	41	,	,	PUNCT
cblr-5121	451	42	therefore	therefore	ADV
cblr-5121	451	43	,	,	PUNCT
cblr-5121	451	44	are	be	AUX
cblr-5121	451	45	not	not	PART
cblr-5121	451	46	limited	limit	VERB
cblr-5121	451	47	to	to	ADP
cblr-5121	451	48	the	the	DET
cblr-5121	451	49	federal	federal	PROPN
cblr-5121	451	50	reserve	reserve	PROPN
cblr-5121	451	51	,	,	PUNCT
cblr-5121	451	52	and	and	CCONJ
cblr-5121	451	53	its	its	PRON
cblr-5121	451	54	lack	lack	NOUN
cblr-5121	451	55	of	of	ADP
cblr-5121	451	56	transparency	transparency	NOUN
cblr-5121	451	57	and	and	CCONJ
cblr-5121	451	58	political	political	ADJ
cblr-5121	451	59	insulation	insulation	NOUN
cblr-5121	451	60	may	may	AUX
cblr-5121	451	61	even	even	ADV
cblr-5121	451	62	have	have	VERB
cblr-5121	451	63	salutary	salutary	ADJ
cblr-5121	451	64	effects	effect	NOUN
cblr-5121	451	65	on	on	ADP
cblr-5121	451	66	financial	financial	ADJ
cblr-5121	451	67	supervision	supervision	NOUN
cblr-5121	451	68	.	.	PUNCT
cblr-5121	452	1	nevertheless	nevertheless	ADV
cblr-5121	452	2	,	,	PUNCT
cblr-5121	452	3	the	the	DET
cblr-5121	452	4	role	role	NOUN
cblr-5121	452	5	that	that	PRON
cblr-5121	452	6	private	private	ADJ
cblr-5121	452	7	interests	interest	NOUN
cblr-5121	452	8	play	play	VERB
cblr-5121	452	9	in	in	ADP
cblr-5121	452	10	the	the	DET
cblr-5121	452	11	selection	selection	NOUN
cblr-5121	452	12	of	of	ADP
cblr-5121	452	13	reserve	reserve	PROPN
cblr-5121	452	14	bank	bank	PROPN
cblr-5121	452	15	presidents	president	NOUN
cblr-5121	452	16	will	will	AUX
cblr-5121	452	17	continue	continue	VERB
cblr-5121	452	18	to	to	PART
cblr-5121	452	19	spark	spark	VERB
cblr-5121	452	20	criticism	criticism	NOUN
cblr-5121	452	21	that	that	SCONJ
cblr-5121	452	22	the	the	DET
cblr-5121	452	23	reserve	reserve	NOUN
cblr-5121	452	24	banks	bank	NOUN
cblr-5121	452	25	are	be	AUX
cblr-5121	452	26	prone	prone	ADJ
cblr-5121	452	27	to	to	PART
cblr-5121	452	28	capture	capture	VERB
cblr-5121	452	29	by	by	ADP
cblr-5121	452	30	the	the	DET
cblr-5121	452	31	entities	entity	NOUN
cblr-5121	452	32	they	they	PRON
cblr-5121	452	33	regulate	regulate	VERB
cblr-5121	452	34	,	,	PUNCT
cblr-5121	452	35	particularly	particularly	ADV
cblr-5121	452	36	if	if	SCONJ
cblr-5121	452	37	high	high	ADJ
cblr-5121	452	38	-	-	PUNCT
cblr-5121	452	39	profile	profile	NOUN
cblr-5121	452	40	supervisory	supervisory	ADJ
cblr-5121	452	41	lapses	lapse	NOUN
cblr-5121	452	42	recur	recur	VERB
cblr-5121	452	43	.	.	PUNCT
cblr-5121	453	1	the	the	DET
cblr-5121	453	2	next	next	ADJ
cblr-5121	453	3	section	section	NOUN
cblr-5121	453	4	turns	turn	VERB
cblr-5121	453	5	to	to	ADP
cblr-5121	453	6	the	the	DET
cblr-5121	453	7	constitutional	constitutional	ADJ
cblr-5121	453	8	challenges	challenge	NOUN
cblr-5121	453	9	raised	raise	VERB
cblr-5121	453	10	against	against	ADP
cblr-5121	453	11	the	the	DET
cblr-5121	453	12	reserve	reserve	NOUN
cblr-5121	453	13	banks	bank	NOUN
cblr-5121	453	14	’	'	PUNCT
cblr-5121	453	15	governance	governance	NOUN
cblr-5121	453	16	arrangements	arrangement	NOUN
cblr-5121	453	17	,	,	PUNCT
cblr-5121	453	18	before	before	ADP
cblr-5121	453	19	outlining	outline	VERB
cblr-5121	453	20	the	the	DET
cblr-5121	453	21	limitations	limitation	NOUN
cblr-5121	453	22	of	of	ADP
cblr-5121	453	23	the	the	DET
cblr-5121	453	24	argument	argument	NOUN
cblr-5121	453	25	.	.	PUNCT
cblr-5121	454	1	iv	iv	X
cblr-5121	454	2	.	.	PUNCT
cblr-5121	454	3	reserve	reserve	NOUN
cblr-5121	454	4	banks	bank	NOUN
cblr-5121	454	5	in	in	ADP
cblr-5121	454	6	the	the	DET
cblr-5121	454	7	constitutional	constitutional	ADJ
cblr-5121	454	8	design	design	NOUN
cblr-5121	454	9	the	the	DET
cblr-5121	454	10	federal	federal	PROPN
cblr-5121	454	11	reserve	reserve	PROPN
cblr-5121	454	12	,	,	PUNCT
cblr-5121	454	13	among	among	ADP
cblr-5121	454	14	administrative	administrative	ADJ
cblr-5121	454	15	agencies	agency	NOUN
cblr-5121	454	16	,	,	PUNCT
cblr-5121	454	17	represents	represent	VERB
cblr-5121	454	18	the	the	DET
cblr-5121	454	19	“	"	PUNCT
cblr-5121	454	20	apogee	apogee	NOUN
cblr-5121	454	21	of	of	ADP
cblr-5121	454	22	independence	independence	NOUN
cblr-5121	454	23	that	that	PRON
cblr-5121	454	24	is	be	AUX
cblr-5121	454	25	the	the	DET
cblr-5121	454	26	traditional	traditional	ADJ
cblr-5121	454	27	hallmark	hallmark	NOUN
cblr-5121	454	28	of	of	ADP
cblr-5121	454	29	financial	financial	ADJ
cblr-5121	454	30	regulation	regulation	NOUN
cblr-5121	454	31	.	.	PUNCT
cblr-5121	454	32	”116	”116	PUNCT
cblr-5121	454	33	it	it	PRON
cblr-5121	454	34	owes	owe	VERB
cblr-5121	454	35	its	its	PRON
cblr-5121	454	36	independence	independence	NOUN
cblr-5121	454	37	to	to	ADP
cblr-5121	454	38	a	a	DET
cblr-5121	454	39	number	number	NOUN
cblr-5121	454	40	of	of	ADP
cblr-5121	454	41	features	feature	NOUN
cblr-5121	454	42	,	,	PUNCT
cblr-5121	454	43	including	include	VERB
cblr-5121	454	44	the	the	DET
cblr-5121	454	45	lengthy	lengthy	ADJ
cblr-5121	454	46	tenure	tenure	NOUN
cblr-5121	454	47	of	of	ADP
cblr-5121	454	48	its	its	PRON
cblr-5121	454	49	114	114	NUM
cblr-5121	454	50	see	see	NOUN
cblr-5121	454	51	gary	gary	PROPN
cblr-5121	454	52	gorton	gorton	PROPN
cblr-5121	454	53	,	,	PUNCT
cblr-5121	454	54	the	the	DET
cblr-5121	454	55	development	development	NOUN
cblr-5121	454	56	of	of	ADP
cblr-5121	454	57	opacity	opacity	NOUN
cblr-5121	454	58	in	in	ADP
cblr-5121	454	59	u.s	u.s	PROPN
cblr-5121	454	60	.	.	PROPN
cblr-5121	454	61	banking	banking	NOUN
cblr-5121	454	62	,	,	PUNCT
cblr-5121	454	63	31	31	NUM
cblr-5121	454	64	yale	yale	PROPN
cblr-5121	454	65	j.	j.	PROPN
cblr-5121	454	66	reg	reg	PROPN
cblr-5121	454	67	.	.	PROPN
cblr-5121	455	1	825	825	NUM
cblr-5121	455	2	,	,	PUNCT
cblr-5121	455	3	826–27	826–27	NUM
cblr-5121	455	4	(	(	PUNCT
cblr-5121	455	5	2014	2014	NUM
cblr-5121	455	6	)	)	PUNCT
cblr-5121	455	7	.	.	PUNCT
cblr-5121	456	1	115	115	NUM
cblr-5121	456	2	such	such	ADJ
cblr-5121	456	3	fees	fee	NOUN
cblr-5121	456	4	can	can	AUX
cblr-5121	456	5	lead	lead	VERB
cblr-5121	456	6	to	to	ADP
cblr-5121	456	7	fee	fee	NOUN
cblr-5121	456	8	-	-	PUNCT
cblr-5121	456	9	shopping	shopping	NOUN
cblr-5121	456	10	from	from	ADP
cblr-5121	456	11	banks	bank	NOUN
cblr-5121	456	12	and	and	CCONJ
cblr-5121	456	13	a	a	DET
cblr-5121	456	14	“	"	PUNCT
cblr-5121	456	15	‘	'	PUNCT
cblr-5121	456	16	race	race	NOUN
cblr-5121	456	17	to	to	ADP
cblr-5121	456	18	the	the	DET
cblr-5121	456	19	bottom	bottom	NOUN
cblr-5121	456	20	,	,	PUNCT
cblr-5121	456	21	’	'	PUNCT
cblr-5121	456	22	in	in	ADP
cblr-5121	456	23	which	which	PRON
cblr-5121	456	24	agencies	agency	NOUN
cblr-5121	456	25	attract	attract	VERB
cblr-5121	456	26	‘	'	PUNCT
cblr-5121	456	27	customers	customer	NOUN
cblr-5121	456	28	’	'	PUNCT
cblr-5121	456	29	by	by	ADP
cblr-5121	456	30	offering	offer	VERB
cblr-5121	456	31	relatively	relatively	ADV
cblr-5121	456	32	lax	lax	ADJ
cblr-5121	456	33	regulatory	regulatory	ADJ
cblr-5121	456	34	enforcement	enforcement	NOUN
cblr-5121	456	35	.	.	PUNCT
cblr-5121	456	36	”	"	PUNCT
cblr-5121	457	1	johnson	johnson	PROPN
cblr-5121	457	2	&	&	CCONJ
cblr-5121	457	3	kwak	kwak	PROPN
cblr-5121	457	4	,	,	PUNCT
cblr-5121	457	5	supra	supra	PROPN
cblr-5121	457	6	note	note	PROPN
cblr-5121	457	7	109	109	NUM
cblr-5121	457	8	,	,	PUNCT
cblr-5121	457	9	at	at	ADP
cblr-5121	457	10	96	96	NUM
cblr-5121	457	11	.	.	PUNCT
cblr-5121	457	12	116	116	NUM
cblr-5121	457	13	see	see	VERB
cblr-5121	457	14	metzger	metzger	NOUN
cblr-5121	457	15	,	,	PUNCT
cblr-5121	457	16	supra	supra	PROPN
cblr-5121	457	17	note	note	PROPN
cblr-5121	457	18	102	102	NUM
cblr-5121	457	19	,	,	PUNCT
cblr-5121	457	20	at	at	ADP
cblr-5121	457	21	134	134	NUM
cblr-5121	457	22	.	.	PUNCT
cblr-5121	458	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	458	2	(	(	PUNCT
cblr-5121	458	3	do	do	AUX
cblr-5121	458	4	not	not	PART
cblr-5121	458	5	delete	delete	VERB
cblr-5121	458	6	)	)	PUNCT
cblr-5121	458	7	1/3/2020	1/3/2020	NUM
cblr-5121	458	8	4:04	4:04	NUM
cblr-5121	458	9	pm	pm	NOUN
cblr-5121	458	10	no	no	NOUN
cblr-5121	458	11	.	.	PUNCT
cblr-5121	459	1	3:1123	3:1123	NUM
cblr-5121	459	2	]	]	PUNCT
cblr-5121	459	3	insider	insider	NOUN
cblr-5121	459	4	interest	interest	NOUN
cblr-5121	459	5	,	,	PUNCT
cblr-5121	459	6	not	not	PART
cblr-5121	459	7	industry	industry	NOUN
cblr-5121	459	8	influence	influence	NOUN
cblr-5121	459	9	1151	1151	NUM
cblr-5121	459	10	governors,117	governors,117	VERB
cblr-5121	459	11	its	its	PRON
cblr-5121	459	12	budgetary	budgetary	ADJ
cblr-5121	459	13	autonomy,118	autonomy,118	NOUN
cblr-5121	459	14	the	the	DET
cblr-5121	459	15	potential	potential	ADJ
cblr-5121	459	16	consequences	consequence	NOUN
cblr-5121	459	17	of	of	ADP
cblr-5121	459	18	untoward	untoward	ADJ
cblr-5121	459	19	political	political	ADJ
cblr-5121	459	20	interference,119	interference,119	NOUN
cblr-5121	459	21	and	and	CCONJ
cblr-5121	459	22	broader	broad	ADJ
cblr-5121	459	23	norms	norm	NOUN
cblr-5121	459	24	about	about	ADP
cblr-5121	459	25	the	the	DET
cblr-5121	459	26	desirability	desirability	NOUN
cblr-5121	459	27	of	of	ADP
cblr-5121	459	28	an	an	DET
cblr-5121	459	29	apolitical	apolitical	ADJ
cblr-5121	459	30	central	central	ADJ
cblr-5121	459	31	banking	banking	NOUN
cblr-5121	459	32	system.120	system.120	ADJ
cblr-5121	459	33	one	one	NUM
cblr-5121	459	34	of	of	ADP
cblr-5121	459	35	the	the	DET
cblr-5121	459	36	most	most	ADV
cblr-5121	459	37	visible	visible	ADJ
cblr-5121	459	38	ways	way	NOUN
cblr-5121	459	39	in	in	ADP
cblr-5121	459	40	which	which	PRON
cblr-5121	459	41	the	the	DET
cblr-5121	459	42	federal	federal	ADJ
cblr-5121	459	43	reserve	reserve	PROPN
cblr-5121	459	44	is	be	AUX
cblr-5121	459	45	insulated	insulate	VERB
cblr-5121	459	46	from	from	ADP
cblr-5121	459	47	political	political	ADJ
cblr-5121	459	48	control	control	NOUN
cblr-5121	459	49	,	,	PUNCT
cblr-5121	459	50	however	however	ADV
cblr-5121	459	51	,	,	PUNCT
cblr-5121	459	52	is	be	AUX
cblr-5121	459	53	through	through	ADP
cblr-5121	459	54	the	the	DET
cblr-5121	459	55	“	"	PUNCT
cblr-5121	459	56	opaque	opaque	ADJ
cblr-5121	459	57	and	and	CCONJ
cblr-5121	459	58	pretty	pretty	ADV
cblr-5121	459	59	byzantine”121	byzantine”121	ADJ
cblr-5121	459	60	process	process	NOUN
cblr-5121	459	61	by	by	ADP
cblr-5121	459	62	which	which	PRON
cblr-5121	459	63	the	the	DET
cblr-5121	459	64	regional	regional	ADJ
cblr-5121	459	65	bank	bank	NOUN
cblr-5121	459	66	presidents	president	NOUN
cblr-5121	459	67	are	be	AUX
cblr-5121	459	68	selected	select	VERB
cblr-5121	459	69	—	—	PUNCT
cblr-5121	459	70	a	a	DET
cblr-5121	459	71	process	process	NOUN
cblr-5121	459	72	that	that	PRON
cblr-5121	459	73	,	,	PUNCT
cblr-5121	459	74	as	as	SCONJ
cblr-5121	459	75	outlined	outline	VERB
cblr-5121	459	76	above	above	ADV
cblr-5121	459	77	,	,	PUNCT
cblr-5121	459	78	leaves	leave	VERB
cblr-5121	459	79	the	the	DET
cblr-5121	459	80	federal	federal	PROPN
cblr-5121	459	81	reserve	reserve	PROPN
cblr-5121	459	82	particularly	particularly	ADV
cblr-5121	459	83	prone	prone	ADJ
cblr-5121	459	84	to	to	ADP
cblr-5121	459	85	criticisms	criticism	NOUN
cblr-5121	459	86	of	of	ADP
cblr-5121	459	87	financial	financial	ADJ
cblr-5121	459	88	industry	industry	NOUN
cblr-5121	459	89	capture.122	capture.122	NOUN
cblr-5121	459	90	this	this	DET
cblr-5121	459	91	appointments	appointment	NOUN
cblr-5121	459	92	process	process	NOUN
cblr-5121	459	93	,	,	PUNCT
cblr-5121	459	94	coupled	couple	VERB
cblr-5121	459	95	with	with	ADP
cblr-5121	459	96	the	the	DET
cblr-5121	459	97	removal	removal	NOUN
cblr-5121	459	98	protections	protection	NOUN
cblr-5121	459	99	afforded	afford	VERB
cblr-5121	459	100	to	to	PART
cblr-5121	459	101	reserve	reserve	VERB
cblr-5121	459	102	bank	bank	NOUN
cblr-5121	459	103	presidents	president	NOUN
cblr-5121	459	104	,	,	PUNCT
cblr-5121	459	105	raises	raise	VERB
cblr-5121	459	106	concern	concern	NOUN
cblr-5121	459	107	that	that	SCONJ
cblr-5121	459	108	the	the	DET
cblr-5121	459	109	presidents	president	NOUN
cblr-5121	459	110	are	be	AUX
cblr-5121	459	111	unduly	unduly	ADV
cblr-5121	459	112	insulated	insulated	ADJ
cblr-5121	459	113	under	under	ADP
cblr-5121	459	114	constitutional	constitutional	ADJ
cblr-5121	459	115	requirements	requirement	NOUN
cblr-5121	459	116	for	for	ADP
cblr-5121	459	117	agency	agency	NOUN
cblr-5121	459	118	accountability	accountability	NOUN
cblr-5121	459	119	.	.	PUNCT
cblr-5121	460	1	a.	a.	NOUN
cblr-5121	461	1	the	the	DET
cblr-5121	461	2	appointments	appointment	NOUN
cblr-5121	461	3	and	and	CCONJ
cblr-5121	461	4	removal	removal	NOUN
cblr-5121	461	5	problem	problem	NOUN
cblr-5121	461	6	with	with	ADP
cblr-5121	461	7	reserve	reserve	NOUN
cblr-5121	461	8	bank	bank	PROPN
cblr-5121	461	9	presidents	president	NOUN
cblr-5121	461	10	the	the	DET
cblr-5121	461	11	authority	authority	NOUN
cblr-5121	461	12	that	that	SCONJ
cblr-5121	461	13	regional	regional	ADJ
cblr-5121	461	14	federal	federal	PROPN
cblr-5121	461	15	reserve	reserve	PROPN
cblr-5121	461	16	banks	bank	NOUN
cblr-5121	461	17	’	'	PUNCT
cblr-5121	461	18	boards	board	NOUN
cblr-5121	461	19	of	of	ADP
cblr-5121	461	20	directors	director	NOUN
cblr-5121	461	21	exercise	exercise	VERB
cblr-5121	461	22	over	over	ADP
cblr-5121	461	23	the	the	DET
cblr-5121	461	24	selection	selection	NOUN
cblr-5121	461	25	and	and	CCONJ
cblr-5121	461	26	removal	removal	NOUN
cblr-5121	461	27	of	of	ADP
cblr-5121	461	28	reserve	reserve	PROPN
cblr-5121	461	29	bank	bank	PROPN
cblr-5121	461	30	presidents	president	NOUN
cblr-5121	461	31	likely	likely	ADV
cblr-5121	461	32	runs	run	VERB
cblr-5121	461	33	afoul	afoul	ADV
cblr-5121	461	34	of	of	ADP
cblr-5121	461	35	constitutional	constitutional	ADJ
cblr-5121	461	36	requirements	requirement	NOUN
cblr-5121	461	37	for	for	ADP
cblr-5121	461	38	the	the	DET
cblr-5121	461	39	appointment	appointment	NOUN
cblr-5121	461	40	and	and	CCONJ
cblr-5121	461	41	removal	removal	NOUN
cblr-5121	461	42	of	of	ADP
cblr-5121	461	43	executive	executive	ADJ
cblr-5121	461	44	branch	branch	NOUN
cblr-5121	461	45	officials	official	NOUN
cblr-5121	461	46	.	.	PUNCT
cblr-5121	462	1	over	over	ADP
cblr-5121	462	2	a	a	DET
cblr-5121	462	3	series	series	NOUN
cblr-5121	462	4	of	of	ADP
cblr-5121	462	5	canonical	canonical	ADJ
cblr-5121	462	6	administrative	administrative	ADJ
cblr-5121	462	7	law	law	NOUN
cblr-5121	462	8	decisions	decision	NOUN
cblr-5121	462	9	,	,	PUNCT
cblr-5121	462	10	the	the	DET
cblr-5121	462	11	supreme	supreme	PROPN
cblr-5121	462	12	court	court	PROPN
cblr-5121	462	13	has	have	AUX
cblr-5121	462	14	delineated	delineate	VERB
cblr-5121	462	15	the	the	DET
cblr-5121	462	16	scope	scope	NOUN
cblr-5121	462	17	of	of	ADP
cblr-5121	462	18	permissible	permissible	ADJ
cblr-5121	462	19	restrictions	restriction	NOUN
cblr-5121	462	20	on	on	ADP
cblr-5121	462	21	presidential	presidential	ADJ
cblr-5121	462	22	authority	authority	NOUN
cblr-5121	462	23	over	over	ADP
cblr-5121	462	24	executive	executive	ADJ
cblr-5121	462	25	agency	agency	NOUN
cblr-5121	462	26	officers	officer	NOUN
cblr-5121	462	27	.	.	PUNCT
cblr-5121	463	1	because	because	SCONJ
cblr-5121	463	2	of	of	ADP
cblr-5121	463	3	the	the	DET
cblr-5121	463	4	peculiar	peculiar	ADJ
cblr-5121	463	5	structure	structure	NOUN
cblr-5121	463	6	of	of	ADP
cblr-5121	463	7	117	117	NUM
cblr-5121	463	8	see	see	NOUN
cblr-5121	463	9	12	12	NUM
cblr-5121	463	10	u.s.c	u.s.c	ADJ
cblr-5121	463	11	.	.	PUNCT
cblr-5121	464	1	§	§	PROPN
cblr-5121	464	2	242	242	NUM
cblr-5121	464	3	(	(	PUNCT
cblr-5121	464	4	2012	2012	NUM
cblr-5121	464	5	)	)	PUNCT
cblr-5121	464	6	(	(	PUNCT
cblr-5121	464	7	“	"	PUNCT
cblr-5121	464	8	[	[	X
cblr-5121	464	9	e]ach	e]ach	NOUN
cblr-5121	464	10	member	member	NOUN
cblr-5121	464	11	shall	shall	AUX
cblr-5121	464	12	hold	hold	VERB
cblr-5121	464	13	office	office	NOUN
cblr-5121	464	14	for	for	ADP
cblr-5121	464	15	a	a	DET
cblr-5121	464	16	term	term	NOUN
cblr-5121	464	17	of	of	ADP
cblr-5121	464	18	fourteen	fourteen	NUM
cblr-5121	464	19	years	year	NOUN
cblr-5121	464	20	.	.	PUNCT
cblr-5121	464	21	.	.	PUNCT
cblr-5121	464	22	.	.	PUNCT
cblr-5121	464	23	.	.	PUNCT
cblr-5121	464	24	”	"	PUNCT
cblr-5121	464	25	)	)	PUNCT
cblr-5121	464	26	.	.	PUNCT
cblr-5121	465	1	118	118	NUM
cblr-5121	465	2	see	see	VERB
cblr-5121	465	3	conti	conti	ADJ
cblr-5121	465	4	-	-	ADJ
cblr-5121	465	5	brown	brown	ADJ
cblr-5121	465	6	,	,	PUNCT
cblr-5121	465	7	supra	supra	PROPN
cblr-5121	465	8	note	note	NOUN
cblr-5121	465	9	73	73	NUM
cblr-5121	465	10	,	,	PUNCT
cblr-5121	465	11	at	at	ADP
cblr-5121	465	12	273–86	273–86	PROPN
cblr-5121	465	13	(	(	PUNCT
cblr-5121	465	14	“	"	PUNCT
cblr-5121	465	15	the	the	DET
cblr-5121	465	16	federal	federal	PROPN
cblr-5121	465	17	reserve	reserve	PROPN
cblr-5121	465	18	is	be	AUX
cblr-5121	465	19	the	the	DET
cblr-5121	465	20	only	only	ADJ
cblr-5121	465	21	truly	truly	ADV
cblr-5121	465	22	autonomous	autonomous	ADJ
cblr-5121	465	23	budgetary	budgetary	ADJ
cblr-5121	465	24	entity	entity	NOUN
cblr-5121	465	25	in	in	ADP
cblr-5121	465	26	the	the	DET
cblr-5121	465	27	entire	entire	ADJ
cblr-5121	465	28	federal	federal	ADJ
cblr-5121	465	29	government	government	NOUN
cblr-5121	465	30	,	,	PUNCT
cblr-5121	465	31	including	include	VERB
cblr-5121	465	32	congress	congress	PROPN
cblr-5121	465	33	and	and	CCONJ
cblr-5121	465	34	the	the	DET
cblr-5121	465	35	president	president	NOUN
cblr-5121	465	36	.	.	PUNCT
cblr-5121	465	37	”	"	PUNCT
cblr-5121	465	38	)	)	PUNCT
cblr-5121	465	39	.	.	PUNCT
cblr-5121	466	1	119	119	NUM
cblr-5121	466	2	see	see	VERB
cblr-5121	466	3	vermeule	vermeule	NOUN
cblr-5121	466	4	,	,	PUNCT
cblr-5121	466	5	supra	supra	PROPN
cblr-5121	466	6	note	note	NOUN
cblr-5121	466	7	45	45	NUM
cblr-5121	466	8	,	,	PUNCT
cblr-5121	466	9	at	at	ADP
cblr-5121	466	10	1198	1198	NUM
cblr-5121	466	11	(	(	PUNCT
cblr-5121	466	12	“	"	PUNCT
cblr-5121	466	13	[	[	X
cblr-5121	466	14	i]t	i]t	PRON
cblr-5121	466	15	seems	seem	VERB
cblr-5121	466	16	highly	highly	ADV
cblr-5121	466	17	plausible	plausible	ADJ
cblr-5121	466	18	to	to	PART
cblr-5121	466	19	think	think	VERB
cblr-5121	466	20	that	that	SCONJ
cblr-5121	466	21	the	the	DET
cblr-5121	466	22	political	political	ADJ
cblr-5121	466	23	opposition	opposition	NOUN
cblr-5121	466	24	could	could	AUX
cblr-5121	466	25	inflict	inflict	VERB
cblr-5121	466	26	serious	serious	ADJ
cblr-5121	466	27	damage	damage	NOUN
cblr-5121	466	28	on	on	ADP
cblr-5121	466	29	the	the	DET
cblr-5121	466	30	president	president	NOUN
cblr-5121	466	31	by	by	ADP
cblr-5121	466	32	charging	charge	VERB
cblr-5121	466	33	that	that	SCONJ
cblr-5121	466	34	fed	fed	PROPN
cblr-5121	466	35	independence	independence	NOUN
cblr-5121	466	36	had	have	AUX
cblr-5121	466	37	been	be	AUX
cblr-5121	466	38	compromised	compromise	VERB
cblr-5121	466	39	on	on	ADP
cblr-5121	466	40	disreputable	disreputable	ADJ
cblr-5121	466	41	political	political	ADJ
cblr-5121	466	42	grounds	ground	NOUN
cblr-5121	466	43	.	.	PUNCT
cblr-5121	466	44	”	"	PUNCT
cblr-5121	466	45	)	)	PUNCT
cblr-5121	466	46	.	.	PUNCT
cblr-5121	467	1	120	120	NUM
cblr-5121	467	2	see	see	VERB
cblr-5121	467	3	conti	conti	ADJ
cblr-5121	467	4	-	-	ADJ
cblr-5121	467	5	brown	brown	ADJ
cblr-5121	467	6	,	,	PUNCT
cblr-5121	467	7	supra	supra	PROPN
cblr-5121	467	8	note	note	NOUN
cblr-5121	467	9	73	73	NUM
cblr-5121	467	10	,	,	PUNCT
cblr-5121	467	11	at	at	ADP
cblr-5121	467	12	263	263	NUM
cblr-5121	467	13	(	(	PUNCT
cblr-5121	467	14	“	"	PUNCT
cblr-5121	467	15	[	[	X
cblr-5121	467	16	c]entral	c]entral	ADJ
cblr-5121	467	17	bank	bank	NOUN
cblr-5121	467	18	independence	independence	NOUN
cblr-5121	467	19	.	.	PUNCT
cblr-5121	467	20	.	.	PUNCT
cblr-5121	467	21	.	.	PUNCT
cblr-5121	468	1	lashes	lash	VERB
cblr-5121	469	1	[	[	X
cblr-5121	469	2	]	]	X
cblr-5121	469	3	politicians	politician	NOUN
cblr-5121	469	4	(	(	PUNCT
cblr-5121	469	5	usually	usually	ADV
cblr-5121	469	6	the	the	DET
cblr-5121	469	7	president	president	NOUN
cblr-5121	469	8	)	)	PUNCT
cblr-5121	469	9	to	to	ADP
cblr-5121	469	10	the	the	DET
cblr-5121	469	11	mast	mast	NOUN
cblr-5121	469	12	to	to	PART
cblr-5121	469	13	give	give	VERB
cblr-5121	469	14	society	society	NOUN
cblr-5121	469	15	the	the	DET
cblr-5121	469	16	outcome	outcome	NOUN
cblr-5121	469	17	that	that	SCONJ
cblr-5121	469	18	everyone	everyone	PRON
cblr-5121	469	19	would	would	AUX
cblr-5121	469	20	ultimately	ultimately	ADV
cblr-5121	469	21	prefer	prefer	VERB
cblr-5121	469	22	,	,	PUNCT
cblr-5121	469	23	but	but	CCONJ
cblr-5121	469	24	that	that	PRON
cblr-5121	469	25	is	be	AUX
cblr-5121	469	26	very	very	ADV
cblr-5121	469	27	hard	hard	ADJ
cblr-5121	469	28	to	to	PART
cblr-5121	469	29	achieve	achieve	VERB
cblr-5121	469	30	.	.	PUNCT
cblr-5121	469	31	.	.	PUNCT
cblr-5121	469	32	.	.	PUNCT
cblr-5121	469	33	.	.	PUNCT
cblr-5121	469	34	”	"	PUNCT
cblr-5121	469	35	)	)	PUNCT
cblr-5121	469	36	.	.	PUNCT
cblr-5121	470	1	121	121	NUM
cblr-5121	470	2	casselman	casselman	NOUN
cblr-5121	470	3	,	,	PUNCT
cblr-5121	470	4	supra	supra	PROPN
cblr-5121	470	5	note	note	NOUN
cblr-5121	470	6	6	6	NUM
cblr-5121	470	7	.	.	SYM
cblr-5121	470	8	122	122	NUM
cblr-5121	470	9	see	see	VERB
cblr-5121	470	10	supra	supra	PROPN
cblr-5121	470	11	section	section	PROPN
cblr-5121	470	12	iii.c	iii.c	PROPN
cblr-5121	470	13	.	.	PUNCT
cblr-5121	471	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	471	2	(	(	PUNCT
cblr-5121	471	3	do	do	AUX
cblr-5121	471	4	not	not	PART
cblr-5121	471	5	delte	delte	VERB
cblr-5121	471	6	)	)	PUNCT
cblr-5121	471	7	1/3/2020	1/3/2020	NUM
cblr-5121	471	8	4:04	4:04	NUM
cblr-5121	471	9	pm	pm	NOUN
cblr-5121	471	10	1152	1152	NUM
cblr-5121	471	11	columbia	columbia	PROPN
cblr-5121	471	12	business	business	NOUN
cblr-5121	471	13	law	law	PROPN
cblr-5121	471	14	review	review	NOUN
cblr-5121	471	15	[	[	X
cblr-5121	471	16	vol	vol	NOUN
cblr-5121	471	17	.	.	NOUN
cblr-5121	471	18	2019	2019	NUM
cblr-5121	471	19	the	the	DET
cblr-5121	471	20	federal	federal	PROPN
cblr-5121	471	21	reserve	reserve	PROPN
cblr-5121	471	22	—	—	PUNCT
cblr-5121	471	23	and	and	CCONJ
cblr-5121	471	24	the	the	DET
cblr-5121	471	25	formal	formal	ADJ
cblr-5121	471	26	authority	authority	NOUN
cblr-5121	471	27	of	of	ADP
cblr-5121	471	28	their	their	PRON
cblr-5121	471	29	boards	board	NOUN
cblr-5121	471	30	of	of	ADP
cblr-5121	471	31	directors	director	NOUN
cblr-5121	471	32	(	(	PUNCT
cblr-5121	471	33	albeit	albeit	SCONJ
cblr-5121	471	34	authority	authority	NOUN
cblr-5121	471	35	that	that	PRON
cblr-5121	471	36	is	be	AUX
cblr-5121	471	37	circumscribed	circumscribe	VERB
cblr-5121	471	38	by	by	ADP
cblr-5121	471	39	legislative	legislative	ADJ
cblr-5121	471	40	and	and	CCONJ
cblr-5121	471	41	internal	internal	ADJ
cblr-5121	471	42	constraints)—the	constraints)—the	DET
cblr-5121	471	43	federal	federal	PROPN
cblr-5121	471	44	reserve	reserve	NOUN
cblr-5121	471	45	system	system	NOUN
cblr-5121	471	46	has	have	AUX
cblr-5121	471	47	faced	face	VERB
cblr-5121	471	48	sharp	sharp	ADJ
cblr-5121	471	49	constitutional	constitutional	ADJ
cblr-5121	471	50	criticism.123	criticism.123	NOUN
cblr-5121	471	51	although	although	ADV
cblr-5121	471	52	,	,	PUNCT
cblr-5121	471	53	as	as	SCONJ
cblr-5121	471	54	outlined	outline	VERB
cblr-5121	471	55	below	below	ADV
cblr-5121	471	56	,	,	PUNCT
cblr-5121	471	57	the	the	DET
cblr-5121	471	58	federal	federal	PROPN
cblr-5121	471	59	reserve	reserve	PROPN
cblr-5121	471	60	system	system	PROPN
cblr-5121	471	61	’s	’s	PART
cblr-5121	471	62	governance	governance	NOUN
cblr-5121	471	63	almost	almost	ADV
cblr-5121	471	64	certainly	certainly	ADV
cblr-5121	471	65	violates	violate	VERB
cblr-5121	471	66	doctrinal	doctrinal	ADJ
cblr-5121	471	67	requirements	requirement	NOUN
cblr-5121	471	68	for	for	ADP
cblr-5121	471	69	administrative	administrative	ADJ
cblr-5121	471	70	agency	agency	NOUN
cblr-5121	471	71	governance	governance	NOUN
cblr-5121	471	72	,	,	PUNCT
cblr-5121	471	73	the	the	DET
cblr-5121	471	74	practical	practical	ADJ
cblr-5121	471	75	effect	effect	NOUN
cblr-5121	471	76	of	of	ADP
cblr-5121	471	77	this	this	DET
cblr-5121	471	78	arrangement	arrangement	NOUN
cblr-5121	471	79	has	have	AUX
cblr-5121	471	80	been	be	AUX
cblr-5121	471	81	to	to	PART
cblr-5121	471	82	elevate	elevate	VERB
cblr-5121	471	83	internal	internal	ADJ
cblr-5121	471	84	federal	federal	PROPN
cblr-5121	471	85	reserve	reserve	PROPN
cblr-5121	471	86	interests	interest	NOUN
cblr-5121	471	87	rather	rather	ADV
cblr-5121	471	88	than	than	ADP
cblr-5121	471	89	to	to	PART
cblr-5121	471	90	privilege	privilege	VERB
cblr-5121	471	91	private	private	ADJ
cblr-5121	471	92	entities	entity	NOUN
cblr-5121	471	93	.	.	PUNCT
cblr-5121	472	1	1	1	X
cblr-5121	472	2	.	.	X
cblr-5121	472	3	the	the	DET
cblr-5121	472	4	scope	scope	NOUN
cblr-5121	472	5	of	of	ADP
cblr-5121	472	6	presidential	presidential	ADJ
cblr-5121	472	7	appointment	appointment	NOUN
cblr-5121	472	8	and	and	CCONJ
cblr-5121	472	9	removal	removal	NOUN
cblr-5121	472	10	authority	authority	NOUN
cblr-5121	472	11	the	the	DET
cblr-5121	472	12	appointments	appointment	NOUN
cblr-5121	472	13	clause	clause	NOUN
cblr-5121	472	14	of	of	ADP
cblr-5121	472	15	article	article	PROPN
cblr-5121	472	16	ii	ii	PROPN
cblr-5121	472	17	“	"	PUNCT
cblr-5121	472	18	prescribes	prescribe	VERB
cblr-5121	472	19	the	the	DET
cblr-5121	472	20	exclusive	exclusive	ADJ
cblr-5121	472	21	process	process	NOUN
cblr-5121	472	22	by	by	ADP
cblr-5121	472	23	which	which	PRON
cblr-5121	472	24	the	the	DET
cblr-5121	472	25	president	president	NOUN
cblr-5121	472	26	may	may	AUX
cblr-5121	472	27	appoint	appoint	VERB
cblr-5121	472	28	‘	'	PUNCT
cblr-5121	472	29	officers	officer	NOUN
cblr-5121	472	30	of	of	ADP
cblr-5121	472	31	the	the	DET
cblr-5121	472	32	united	united	PROPN
cblr-5121	472	33	states	states	PROPN
cblr-5121	472	34	.	.	PUNCT
cblr-5121	473	1	’”124	’”124	VERB
cblr-5121	473	2	the	the	DET
cblr-5121	473	3	clause	clause	NOUN
cblr-5121	473	4	contemplates	contemplate	VERB
cblr-5121	473	5	two	two	NUM
cblr-5121	473	6	sorts	sort	NOUN
cblr-5121	473	7	of	of	ADP
cblr-5121	473	8	officers	officer	NOUN
cblr-5121	473	9	:	:	PUNCT
cblr-5121	473	10	principal	principal	NOUN
cblr-5121	473	11	and	and	CCONJ
cblr-5121	473	12	“	"	PUNCT
cblr-5121	473	13	inferior	inferior	ADJ
cblr-5121	473	14	.	.	PUNCT
cblr-5121	473	15	”125	”125	PUNCT
cblr-5121	474	1	only	only	ADV
cblr-5121	474	2	the	the	DET
cblr-5121	474	3	president	president	NOUN
cblr-5121	474	4	,	,	PUNCT
cblr-5121	474	5	with	with	ADP
cblr-5121	474	6	senate	senate	PROPN
cblr-5121	474	7	advice	advice	NOUN
cblr-5121	474	8	and	and	CCONJ
cblr-5121	474	9	consent	consent	NOUN
cblr-5121	474	10	,	,	PUNCT
cblr-5121	474	11	can	can	AUX
cblr-5121	474	12	appoint	appoint	VERB
cblr-5121	474	13	principal	principal	ADJ
cblr-5121	474	14	officers.126	officers.126	NOUN
cblr-5121	474	15	by	by	ADP
cblr-5121	474	16	default	default	NOUN
cblr-5121	474	17	,	,	PUNCT
cblr-5121	474	18	inferior	inferior	ADJ
cblr-5121	474	19	officers	officer	NOUN
cblr-5121	474	20	are	be	AUX
cblr-5121	474	21	appointed	appoint	VERB
cblr-5121	474	22	through	through	ADP
cblr-5121	474	23	the	the	DET
cblr-5121	474	24	same	same	ADJ
cblr-5121	474	25	senate	senate	PROPN
cblr-5121	474	26	advice	advice	NOUN
cblr-5121	474	27	-	-	PUNCT
cblr-5121	474	28	and	and	CCONJ
cblr-5121	474	29	-	-	PUNCT
cblr-5121	474	30	consent	consent	NOUN
cblr-5121	474	31	process	process	NOUN
cblr-5121	474	32	,	,	PUNCT
cblr-5121	474	33	but	but	CCONJ
cblr-5121	474	34	can	can	AUX
cblr-5121	474	35	be	be	AUX
cblr-5121	474	36	appointed	appoint	VERB
cblr-5121	474	37	,	,	PUNCT
cblr-5121	474	38	as	as	SCONJ
cblr-5121	474	39	congress	congress	PROPN
cblr-5121	474	40	provides	provide	VERB
cblr-5121	474	41	,	,	PUNCT
cblr-5121	474	42	by	by	ADP
cblr-5121	474	43	“	"	PUNCT
cblr-5121	474	44	the	the	DET
cblr-5121	474	45	president	president	NOUN
cblr-5121	474	46	alone	alone	ADV
cblr-5121	474	47	,	,	PUNCT
cblr-5121	474	48	”	"	PUNCT
cblr-5121	474	49	“	"	PUNCT
cblr-5121	474	50	the	the	DET
cblr-5121	474	51	courts	court	NOUN
cblr-5121	474	52	of	of	ADP
cblr-5121	474	53	law	law	NOUN
cblr-5121	474	54	,	,	PUNCT
cblr-5121	474	55	”	"	PUNCT
cblr-5121	474	56	or	or	CCONJ
cblr-5121	474	57	“	"	PUNCT
cblr-5121	474	58	the	the	DET
cblr-5121	474	59	heads	head	NOUN
cblr-5121	474	60	of	of	ADP
cblr-5121	474	61	departments	department	NOUN
cblr-5121	474	62	.	.	PUNCT
cblr-5121	475	1	”127	”127	VERB
cblr-5121	476	1	distinguishing	distinguish	VERB
cblr-5121	476	2	between	between	ADP
cblr-5121	476	3	the	the	DET
cblr-5121	476	4	two	two	NUM
cblr-5121	476	5	turns	turn	NOUN
cblr-5121	476	6	on	on	ADP
cblr-5121	476	7	whether	whether	SCONJ
cblr-5121	476	8	the	the	DET
cblr-5121	476	9	officer	officer	NOUN
cblr-5121	476	10	’s	’s	PART
cblr-5121	476	11	“	"	PUNCT
cblr-5121	476	12	work	work	NOUN
cblr-5121	476	13	is	be	AUX
cblr-5121	476	14	directed	direct	VERB
cblr-5121	476	15	and	and	CCONJ
cblr-5121	476	16	supervised	supervise	VERB
cblr-5121	476	17	.	.	PUNCT
cblr-5121	476	18	.	.	PUNCT
cblr-5121	476	19	.	.	PUNCT
cblr-5121	477	1	by	by	ADP
cblr-5121	477	2	others	other	NOUN
cblr-5121	477	3	who	who	PRON
cblr-5121	477	4	were	be	AUX
cblr-5121	477	5	appointed	appoint	VERB
cblr-5121	477	6	by	by	ADP
cblr-5121	477	7	123	123	NUM
cblr-5121	477	8	see	see	NOUN
cblr-5121	477	9	,	,	PUNCT
cblr-5121	477	10	e.g.	e.g.	ADV
cblr-5121	477	11	,	,	PUNCT
cblr-5121	477	12	conti	conti	ADJ
cblr-5121	477	13	-	-	ADJ
cblr-5121	477	14	brown	brown	ADJ
cblr-5121	477	15	,	,	PUNCT
cblr-5121	477	16	supra	supra	PROPN
cblr-5121	477	17	note	note	NOUN
cblr-5121	477	18	73	73	NUM
cblr-5121	477	19	,	,	PUNCT
cblr-5121	477	20	at	at	ADP
cblr-5121	477	21	300–03	300–03	PROPN
cblr-5121	477	22	.	.	PUNCT
cblr-5121	478	1	124	124	NUM
cblr-5121	478	2	nlrb	nlrb	ADV
cblr-5121	478	3	v.	v.	PROPN
cblr-5121	478	4	sw	sw	PROPN
cblr-5121	478	5	gen	gen	PROPN
cblr-5121	478	6	.	.	PROPN
cblr-5121	478	7	,	,	PUNCT
cblr-5121	478	8	inc	inc	PROPN
cblr-5121	478	9	.	.	PROPN
cblr-5121	478	10	,	,	PUNCT
cblr-5121	478	11	137	137	NUM
cblr-5121	478	12	s.	s.	PROPN
cblr-5121	478	13	ct	ct	PROPN
cblr-5121	478	14	.	.	PROPN
cblr-5121	478	15	929	929	NUM
cblr-5121	478	16	,	,	PUNCT
cblr-5121	478	17	945	945	NUM
cblr-5121	478	18	(	(	PUNCT
cblr-5121	478	19	2017	2017	NUM
cblr-5121	478	20	)	)	PUNCT
cblr-5121	478	21	(	(	PUNCT
cblr-5121	478	22	thomas	thomas	PROPN
cblr-5121	478	23	,	,	PUNCT
cblr-5121	478	24	j.	j.	PROPN
cblr-5121	478	25	,	,	PUNCT
cblr-5121	478	26	concurring	concur	VERB
cblr-5121	478	27	)	)	PUNCT
cblr-5121	478	28	.	.	PUNCT
cblr-5121	479	1	125	125	NUM
cblr-5121	479	2	u.s	u.s	PROPN
cblr-5121	479	3	.	.	PROPN
cblr-5121	479	4	const	const	PROPN
cblr-5121	479	5	.	.	PUNCT
cblr-5121	479	6	art	art	NOUN
cblr-5121	479	7	.	.	PUNCT
cblr-5121	480	1	ii	ii	PROPN
cblr-5121	480	2	,	,	PUNCT
cblr-5121	480	3	§	§	PROPN
cblr-5121	480	4	2	2	NUM
cblr-5121	480	5	,	,	PUNCT
cblr-5121	480	6	cl	cl	NOUN
cblr-5121	480	7	.	.	NOUN
cblr-5121	481	1	2	2	X
cblr-5121	481	2	.	.	X
cblr-5121	481	3	members	member	NOUN
cblr-5121	481	4	of	of	ADP
cblr-5121	481	5	the	the	DET
cblr-5121	481	6	executive	executive	ADJ
cblr-5121	481	7	branch	branch	NOUN
cblr-5121	481	8	can	can	AUX
cblr-5121	481	9	also	also	ADV
cblr-5121	481	10	come	come	VERB
cblr-5121	481	11	in	in	ADP
cblr-5121	481	12	a	a	DET
cblr-5121	481	13	third	third	ADJ
cblr-5121	481	14	variety	variety	NOUN
cblr-5121	481	15	,	,	PUNCT
cblr-5121	481	16	“	"	PUNCT
cblr-5121	481	17	mere	mere	ADJ
cblr-5121	481	18	employees	employee	NOUN
cblr-5121	481	19	,	,	PUNCT
cblr-5121	481	20	”	"	PUNCT
cblr-5121	481	21	who	who	PRON
cblr-5121	481	22	are	be	AUX
cblr-5121	481	23	“	"	PUNCT
cblr-5121	481	24	part	part	NOUN
cblr-5121	481	25	of	of	ADP
cblr-5121	481	26	the	the	DET
cblr-5121	481	27	broad	broad	ADJ
cblr-5121	481	28	swath	swath	NOUN
cblr-5121	481	29	of	of	ADP
cblr-5121	481	30	‘	'	PUNCT
cblr-5121	481	31	lesser	less	ADJ
cblr-5121	481	32	functionaries	functionary	NOUN
cblr-5121	481	33	’	'	PUNCT
cblr-5121	481	34	in	in	ADP
cblr-5121	481	35	the	the	DET
cblr-5121	481	36	government	government	NOUN
cblr-5121	481	37	’s	’s	PART
cblr-5121	481	38	workforce	workforce	NOUN
cblr-5121	481	39	.	.	PUNCT
cblr-5121	481	40	”	"	PUNCT
cblr-5121	482	1	lucia	lucia	PROPN
cblr-5121	482	2	v.	v.	ADP
cblr-5121	482	3	sec	sec	PROPN
cblr-5121	482	4	,	,	PUNCT
cblr-5121	482	5	138	138	NUM
cblr-5121	482	6	s.	s.	PROPN
cblr-5121	482	7	ct	ct	PROPN
cblr-5121	482	8	.	.	PROPN
cblr-5121	482	9	2044	2044	NUM
cblr-5121	482	10	,	,	PUNCT
cblr-5121	482	11	2051	2051	NUM
cblr-5121	482	12	(	(	PUNCT
cblr-5121	482	13	2018	2018	NUM
cblr-5121	482	14	)	)	PUNCT
cblr-5121	482	15	(	(	PUNCT
cblr-5121	482	16	internal	internal	ADJ
cblr-5121	482	17	citation	citation	NOUN
cblr-5121	482	18	omitted	omit	VERB
cblr-5121	482	19	)	)	PUNCT
cblr-5121	482	20	.	.	PUNCT
cblr-5121	483	1	although	although	SCONJ
cblr-5121	483	2	the	the	DET
cblr-5121	483	3	distinction	distinction	NOUN
cblr-5121	483	4	between	between	ADP
cblr-5121	483	5	officers	officer	NOUN
cblr-5121	483	6	and	and	CCONJ
cblr-5121	483	7	employees	employee	NOUN
cblr-5121	483	8	defies	defy	VERB
cblr-5121	483	9	easy	easy	ADJ
cblr-5121	483	10	characterization	characterization	NOUN
cblr-5121	483	11	,	,	PUNCT
cblr-5121	483	12	see	see	VERB
cblr-5121	483	13	i	i	PRON
cblr-5121	483	14	d.	d.	PROPN
cblr-5121	483	15	at	at	ADP
cblr-5121	483	16	2051–52	2051–52	NUM
cblr-5121	483	17	,	,	PUNCT
cblr-5121	483	18	courts	court	NOUN
cblr-5121	483	19	have	have	AUX
cblr-5121	483	20	placed	place	VERB
cblr-5121	483	21	reserve	reserve	PROPN
cblr-5121	483	22	bank	bank	PROPN
cblr-5121	483	23	presidents	president	NOUN
cblr-5121	483	24	within	within	ADP
cblr-5121	483	25	the	the	DET
cblr-5121	483	26	officer	officer	NOUN
cblr-5121	483	27	side	side	NOUN
cblr-5121	483	28	of	of	ADP
cblr-5121	483	29	that	that	DET
cblr-5121	483	30	divide	divide	NOUN
cblr-5121	483	31	,	,	PUNCT
cblr-5121	484	1	cf	cf	NOUN
cblr-5121	484	2	.	.	PUNCT
cblr-5121	484	3	melcher	melcher	PROPN
cblr-5121	485	1	v.	v.	ADP
cblr-5121	485	2	fed	fed	PROPN
cblr-5121	485	3	.	.	PUNCT
cblr-5121	486	1	open	open	PROPN
cblr-5121	486	2	mkt	mkt	PROPN
cblr-5121	486	3	.	.	PROPN
cblr-5121	486	4	comm	comm	NOUN
cblr-5121	486	5	.	.	PUNCT
cblr-5121	487	1	,	,	PUNCT
cblr-5121	487	2	644	644	NUM
cblr-5121	487	3	f.	f.	PROPN
cblr-5121	487	4	supp	supp	PROPN
cblr-5121	487	5	.	.	PUNCT
cblr-5121	488	1	510	510	NUM
cblr-5121	488	2	,	,	PUNCT
cblr-5121	488	3	519–20	519–20	NUM
cblr-5121	488	4	(	(	PUNCT
cblr-5121	488	5	d.d.c	d.d.c	PROPN
cblr-5121	488	6	.	.	PROPN
cblr-5121	488	7	1986	1986	NUM
cblr-5121	488	8	)	)	PUNCT
cblr-5121	488	9	,	,	PUNCT
cblr-5121	488	10	aff’d	aff’d	VERB
cblr-5121	488	11	on	on	ADP
cblr-5121	488	12	other	other	ADJ
cblr-5121	488	13	grounds	ground	NOUN
cblr-5121	488	14	,	,	PUNCT
cblr-5121	488	15	836	836	NUM
cblr-5121	488	16	f.2d	f.2d	NOUN
cblr-5121	488	17	561	561	NUM
cblr-5121	488	18	(	(	PUNCT
cblr-5121	488	19	d.c	d.c	PROPN
cblr-5121	488	20	.	.	PROPN
cblr-5121	488	21	cir	cir	PROPN
cblr-5121	488	22	.	.	PUNCT
cblr-5121	488	23	1987	1987	NUM
cblr-5121	488	24	)	)	PUNCT
cblr-5121	488	25	.	.	PUNCT
cblr-5121	489	1	126	126	NUM
cblr-5121	489	2	u.s	u.s	PROPN
cblr-5121	489	3	.	.	PROPN
cblr-5121	489	4	const	const	PROPN
cblr-5121	489	5	.	.	PUNCT
cblr-5121	489	6	art	art	NOUN
cblr-5121	489	7	.	.	PUNCT
cblr-5121	490	1	ii	ii	PROPN
cblr-5121	490	2	,	,	PUNCT
cblr-5121	490	3	§	§	PROPN
cblr-5121	490	4	2	2	NUM
cblr-5121	490	5	,	,	PUNCT
cblr-5121	490	6	cl	cl	NOUN
cblr-5121	490	7	.	.	NOUN
cblr-5121	491	1	2	2	NUM
cblr-5121	491	2	.	.	X
cblr-5121	491	3	127	127	NUM
cblr-5121	492	1	i	i	PROPN
cblr-5121	492	2	d.	d.	PROPN
cblr-5121	492	3	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	492	4	(	(	PUNCT
cblr-5121	492	5	do	do	AUX
cblr-5121	492	6	not	not	PART
cblr-5121	492	7	delete	delete	VERB
cblr-5121	492	8	)	)	PUNCT
cblr-5121	492	9	1/3/2020	1/3/2020	NUM
cblr-5121	492	10	4:04	4:04	NUM
cblr-5121	492	11	pm	pm	NOUN
cblr-5121	492	12	no	no	NOUN
cblr-5121	492	13	.	.	PUNCT
cblr-5121	493	1	3:1123	3:1123	NUM
cblr-5121	493	2	]	]	PUNCT
cblr-5121	493	3	insider	insider	NOUN
cblr-5121	493	4	interest	interest	NOUN
cblr-5121	493	5	,	,	PUNCT
cblr-5121	493	6	not	not	PART
cblr-5121	493	7	industry	industry	NOUN
cblr-5121	493	8	influence	influence	NOUN
cblr-5121	493	9	1153	1153	NUM
cblr-5121	493	10	presidential	presidential	ADJ
cblr-5121	493	11	nomination	nomination	NOUN
cblr-5121	493	12	with	with	ADP
cblr-5121	493	13	the	the	DET
cblr-5121	493	14	advice	advice	NOUN
cblr-5121	493	15	and	and	CCONJ
cblr-5121	493	16	consent	consent	NOUN
cblr-5121	493	17	of	of	ADP
cblr-5121	493	18	the	the	DET
cblr-5121	493	19	senate	senate	PROPN
cblr-5121	493	20	.	.	PUNCT
cblr-5121	493	21	”128	”128	PUNCT
cblr-5121	494	1	such	such	ADJ
cblr-5121	494	2	procedural	procedural	ADJ
cblr-5121	494	3	requirements	requirement	NOUN
cblr-5121	494	4	are	be	AUX
cblr-5121	494	5	,	,	PUNCT
cblr-5121	494	6	according	accord	VERB
cblr-5121	494	7	to	to	ADP
cblr-5121	494	8	the	the	DET
cblr-5121	494	9	supreme	supreme	PROPN
cblr-5121	494	10	court	court	PROPN
cblr-5121	494	11	,	,	PUNCT
cblr-5121	494	12	“	"	PUNCT
cblr-5121	494	13	more	more	ADJ
cblr-5121	494	14	than	than	ADP
cblr-5121	494	15	a	a	DET
cblr-5121	494	16	matter	matter	NOUN
cblr-5121	494	17	of	of	ADP
cblr-5121	494	18	‘	'	PUNCT
cblr-5121	494	19	etiquette	etiquette	NOUN
cblr-5121	494	20	or	or	CCONJ
cblr-5121	494	21	protocol	protocol	NOUN
cblr-5121	494	22	,	,	PUNCT
cblr-5121	494	23	’	'	PUNCT
cblr-5121	494	24	”	"	PUNCT
cblr-5121	494	25	but	but	CCONJ
cblr-5121	494	26	instead	instead	ADV
cblr-5121	494	27	rank	rank	VERB
cblr-5121	494	28	“	"	PUNCT
cblr-5121	494	29	among	among	ADP
cblr-5121	494	30	the	the	DET
cblr-5121	494	31	significant	significant	ADJ
cblr-5121	494	32	structural	structural	ADJ
cblr-5121	494	33	safeguards	safeguard	NOUN
cblr-5121	494	34	of	of	ADP
cblr-5121	494	35	the	the	DET
cblr-5121	494	36	constitutional	constitutional	ADJ
cblr-5121	494	37	scheme	scheme	NOUN
cblr-5121	494	38	.	.	PUNCT
cblr-5121	494	39	”129	”129	PUNCT
cblr-5121	495	1	the	the	DET
cblr-5121	495	2	supreme	supreme	PROPN
cblr-5121	495	3	court	court	PROPN
cblr-5121	495	4	has	have	AUX
cblr-5121	495	5	identified	identify	VERB
cblr-5121	495	6	at	at	ADP
cblr-5121	495	7	least	least	ADV
cblr-5121	495	8	three	three	NUM
cblr-5121	495	9	interests	interest	NOUN
cblr-5121	495	10	protected	protect	VERB
cblr-5121	495	11	by	by	ADP
cblr-5121	495	12	the	the	DET
cblr-5121	495	13	two	two	NUM
cblr-5121	495	14	-	-	PUNCT
cblr-5121	495	15	tiered	tiere	VERB
cblr-5121	495	16	appointments	appointment	NOUN
cblr-5121	495	17	clause	clause	NOUN
cblr-5121	495	18	scheme	scheme	NOUN
cblr-5121	495	19	,	,	PUNCT
cblr-5121	495	20	largely	largely	ADV
cblr-5121	495	21	related	relate	VERB
cblr-5121	495	22	to	to	ADP
cblr-5121	495	23	preserving	preserve	VERB
cblr-5121	495	24	the	the	DET
cblr-5121	495	25	separation	separation	NOUN
cblr-5121	495	26	of	of	ADP
cblr-5121	495	27	powers	power	NOUN
cblr-5121	495	28	and	and	CCONJ
cblr-5121	495	29	ensuring	ensure	VERB
cblr-5121	495	30	greater	great	ADJ
cblr-5121	495	31	accountability	accountability	NOUN
cblr-5121	495	32	for	for	ADP
cblr-5121	495	33	the	the	DET
cblr-5121	495	34	appointments	appointment	NOUN
cblr-5121	495	35	process	process	NOUN
cblr-5121	495	36	:	:	PUNCT
cblr-5121	495	37	first	first	ADV
cblr-5121	495	38	,	,	PUNCT
cblr-5121	495	39	it	it	PRON
cblr-5121	495	40	“	"	PUNCT
cblr-5121	495	41	prevents	prevent	VERB
cblr-5121	495	42	congressional	congressional	ADJ
cblr-5121	495	43	encroachment	encroachment	NOUN
cblr-5121	495	44	upon	upon	SCONJ
cblr-5121	495	45	the	the	DET
cblr-5121	495	46	executive	executive	ADJ
cblr-5121	495	47	and	and	CCONJ
cblr-5121	495	48	judicial	judicial	ADJ
cblr-5121	495	49	branches	branch	NOUN
cblr-5121	495	50	”	"	PUNCT
cblr-5121	495	51	;	;	PUNCT
cblr-5121	495	52	second	second	X
cblr-5121	495	53	,	,	PUNCT
cblr-5121	495	54	it	it	PRON
cblr-5121	495	55	“	"	PUNCT
cblr-5121	495	56	assure[s	assure[s	PROPN
cblr-5121	495	57	]	]	X
cblr-5121	495	58	a	a	DET
cblr-5121	495	59	higher	high	ADJ
cblr-5121	495	60	quality	quality	NOUN
cblr-5121	495	61	of	of	ADP
cblr-5121	495	62	appointments	appointment	NOUN
cblr-5121	495	63	”	"	PUNCT
cblr-5121	495	64	as	as	SCONJ
cblr-5121	495	65	the	the	DET
cblr-5121	495	66	president	president	NOUN
cblr-5121	495	67	is	be	AUX
cblr-5121	495	68	“	"	PUNCT
cblr-5121	495	69	less	less	ADV
cblr-5121	495	70	vulnerable	vulnerable	ADJ
cblr-5121	495	71	to	to	ADP
cblr-5121	495	72	interest	interest	NOUN
cblr-5121	495	73	-	-	PUNCT
cblr-5121	495	74	group	group	NOUN
cblr-5121	495	75	pressure	pressure	NOUN
cblr-5121	495	76	and	and	CCONJ
cblr-5121	495	77	personal	personal	ADJ
cblr-5121	495	78	favoritism	favoritism	NOUN
cblr-5121	495	79	”	"	PUNCT
cblr-5121	495	80	;	;	PUNCT
cblr-5121	495	81	and	and	CCONJ
cblr-5121	495	82	,	,	PUNCT
cblr-5121	495	83	finally	finally	ADV
cblr-5121	495	84	,	,	PUNCT
cblr-5121	495	85	it	it	PRON
cblr-5121	495	86	“	"	PUNCT
cblr-5121	495	87	ensure[s	ensure[s	PROPN
cblr-5121	495	88	]	]	X
cblr-5121	495	89	public	public	ADJ
cblr-5121	495	90	accountability	accountability	NOUN
cblr-5121	495	91	for	for	ADP
cblr-5121	495	92	both	both	CCONJ
cblr-5121	495	93	the	the	DET
cblr-5121	495	94	making	making	NOUN
cblr-5121	495	95	of	of	ADP
cblr-5121	495	96	a	a	DET
cblr-5121	495	97	bad	bad	ADJ
cblr-5121	495	98	appointment	appointment	NOUN
cblr-5121	495	99	and	and	CCONJ
cblr-5121	495	100	the	the	DET
cblr-5121	495	101	rejection	rejection	NOUN
cblr-5121	495	102	of	of	ADP
cblr-5121	495	103	a	a	DET
cblr-5121	495	104	good	good	ADJ
cblr-5121	495	105	one	one	NUM
cblr-5121	495	106	.	.	PUNCT
cblr-5121	495	107	”130	”130	PROPN
cblr-5121	496	1	in	in	ADP
cblr-5121	496	2	addition	addition	NOUN
cblr-5121	496	3	to	to	ADP
cblr-5121	496	4	the	the	DET
cblr-5121	496	5	requirements	requirement	NOUN
cblr-5121	496	6	imposed	impose	VERB
cblr-5121	496	7	by	by	ADP
cblr-5121	496	8	the	the	DET
cblr-5121	496	9	appointments	appointment	NOUN
cblr-5121	496	10	clause	clause	NOUN
cblr-5121	496	11	,	,	PUNCT
cblr-5121	496	12	the	the	DET
cblr-5121	496	13	supreme	supreme	PROPN
cblr-5121	496	14	court	court	PROPN
cblr-5121	496	15	has	have	AUX
cblr-5121	496	16	policed	police	VERB
cblr-5121	496	17	removal	removal	NOUN
cblr-5121	496	18	protections	protection	NOUN
cblr-5121	496	19	of	of	ADP
cblr-5121	496	20	agency	agency	NOUN
cblr-5121	496	21	officers	officer	NOUN
cblr-5121	496	22	to	to	PART
cblr-5121	496	23	safeguard	safeguard	VERB
cblr-5121	496	24	“	"	PUNCT
cblr-5121	496	25	the	the	DET
cblr-5121	496	26	president	president	NOUN
cblr-5121	496	27	’s	’s	PART
cblr-5121	496	28	ability	ability	NOUN
cblr-5121	496	29	to	to	PART
cblr-5121	496	30	ensure	ensure	VERB
cblr-5121	496	31	that	that	SCONJ
cblr-5121	496	32	the	the	DET
cblr-5121	496	33	laws	law	NOUN
cblr-5121	496	34	are	be	AUX
cblr-5121	496	35	faithfully	faithfully	ADV
cblr-5121	496	36	executed	execute	VERB
cblr-5121	496	37	”	"	PUNCT
cblr-5121	496	38	and	and	CCONJ
cblr-5121	496	39	promote	promote	VERB
cblr-5121	496	40	the	the	DET
cblr-5121	496	41	“	"	PUNCT
cblr-5121	496	42	public	public	ADJ
cblr-5121	496	43	’s	’s	PART
cblr-5121	496	44	ability	ability	NOUN
cblr-5121	496	45	to	to	PART
cblr-5121	496	46	pass	pass	VERB
cblr-5121	496	47	judgment	judgment	NOUN
cblr-5121	496	48	on	on	ADP
cblr-5121	496	49	[	[	PUNCT
cblr-5121	496	50	the	the	DET
cblr-5121	496	51	president	president	NOUN
cblr-5121	496	52	’s	’s	PART
cblr-5121	496	53	]	]	PUNCT
cblr-5121	496	54	efforts	effort	NOUN
cblr-5121	496	55	[	[	X
cblr-5121	496	56	,	,	PUNCT
cblr-5121	496	57	]	]	PUNCT
cblr-5121	496	58	”	"	PUNCT
cblr-5121	496	59	thereby	thereby	ADV
cblr-5121	496	60	maintaining	maintain	VERB
cblr-5121	496	61	separation	separation	NOUN
cblr-5121	496	62	of	of	ADP
cblr-5121	496	63	powers	power	NOUN
cblr-5121	496	64	values.131	values.131	PROPN
cblr-5121	496	65	article	article	PROPN
cblr-5121	496	66	ii	ii	PROPN
cblr-5121	496	67	of	of	ADP
cblr-5121	496	68	the	the	DET
cblr-5121	496	69	constitution	constitution	NOUN
cblr-5121	496	70	tasks	task	VERB
cblr-5121	496	71	the	the	DET
cblr-5121	496	72	128	128	NUM
cblr-5121	496	73	edmond	edmond	PROPN
cblr-5121	496	74	v.	v.	PROPN
cblr-5121	496	75	united	united	PROPN
cblr-5121	496	76	states	states	PROPN
cblr-5121	496	77	,	,	PUNCT
cblr-5121	496	78	520	520	NUM
cblr-5121	496	79	u.s	u.s	PROPN
cblr-5121	496	80	.	.	PROPN
cblr-5121	496	81	651	651	NUM
cblr-5121	496	82	,	,	PUNCT
cblr-5121	496	83	663	663	NUM
cblr-5121	496	84	(	(	PUNCT
cblr-5121	496	85	1997	1997	NUM
cblr-5121	496	86	)	)	PUNCT
cblr-5121	496	87	.	.	PUNCT
cblr-5121	497	1	previously	previously	ADV
cblr-5121	497	2	,	,	PUNCT
cblr-5121	497	3	in	in	ADP
cblr-5121	497	4	morrison	morrison	PROPN
cblr-5121	497	5	v.	v.	PROPN
cblr-5121	497	6	olson	olson	PROPN
cblr-5121	497	7	,	,	PUNCT
cblr-5121	497	8	the	the	DET
cblr-5121	497	9	supreme	supreme	PROPN
cblr-5121	497	10	court	court	PROPN
cblr-5121	497	11	outlined	outline	VERB
cblr-5121	497	12	a	a	DET
cblr-5121	497	13	more	more	ADV
cblr-5121	497	14	multifaceted	multifaceted	ADJ
cblr-5121	497	15	approach	approach	NOUN
cblr-5121	497	16	to	to	PART
cblr-5121	497	17	delineate	delineate	VERB
cblr-5121	497	18	the	the	DET
cblr-5121	497	19	divide	divide	NOUN
cblr-5121	497	20	between	between	ADP
cblr-5121	497	21	principal	principal	NOUN
cblr-5121	497	22	and	and	CCONJ
cblr-5121	497	23	inferior	inferior	ADJ
cblr-5121	497	24	officers	officer	NOUN
cblr-5121	497	25	,	,	PUNCT
cblr-5121	497	26	looking	look	VERB
cblr-5121	497	27	to	to	ADP
cblr-5121	497	28	an	an	DET
cblr-5121	497	29	officer	officer	NOUN
cblr-5121	497	30	’s	’s	PART
cblr-5121	497	31	removability	removability	NOUN
cblr-5121	497	32	by	by	ADP
cblr-5121	497	33	higher	high	ADJ
cblr-5121	497	34	-	-	PUNCT
cblr-5121	497	35	level	level	NOUN
cblr-5121	497	36	executive	executive	ADJ
cblr-5121	497	37	officials	official	NOUN
cblr-5121	497	38	,	,	PUNCT
cblr-5121	497	39	as	as	ADV
cblr-5121	497	40	well	well	ADV
cblr-5121	497	41	as	as	ADP
cblr-5121	497	42	limits	limit	NOUN
cblr-5121	497	43	on	on	ADP
cblr-5121	497	44	the	the	DET
cblr-5121	497	45	officer	officer	NOUN
cblr-5121	497	46	’s	’s	PART
cblr-5121	497	47	duties	duty	NOUN
cblr-5121	497	48	,	,	PUNCT
cblr-5121	497	49	jurisdiction	jurisdiction	NOUN
cblr-5121	497	50	,	,	PUNCT
cblr-5121	497	51	and	and	CCONJ
cblr-5121	497	52	tenure	tenure	NOUN
cblr-5121	497	53	.	.	PUNCT
cblr-5121	498	1	487	487	NUM
cblr-5121	499	1	u.s	u.s	PROPN
cblr-5121	499	2	.	.	PROPN
cblr-5121	499	3	654	654	NUM
cblr-5121	499	4	,	,	PUNCT
cblr-5121	499	5	671	671	NUM
cblr-5121	499	6	–	–	PUNCT
cblr-5121	499	7	73	73	NUM
cblr-5121	499	8	(	(	PUNCT
cblr-5121	499	9	1988	1988	NUM
cblr-5121	499	10	)	)	PUNCT
cblr-5121	499	11	.	.	PUNCT
cblr-5121	500	1	more	more	ADV
cblr-5121	500	2	recently	recently	ADV
cblr-5121	500	3	,	,	PUNCT
cblr-5121	500	4	the	the	DET
cblr-5121	500	5	supreme	supreme	PROPN
cblr-5121	500	6	court	court	PROPN
cblr-5121	500	7	has	have	AUX
cblr-5121	500	8	followed	follow	VERB
cblr-5121	500	9	edmond	edmond	PROPN
cblr-5121	500	10	’s	’s	PART
cblr-5121	500	11	formulation	formulation	NOUN
cblr-5121	500	12	in	in	ADP
cblr-5121	500	13	determining	determine	VERB
cblr-5121	500	14	the	the	DET
cblr-5121	500	15	distinction	distinction	NOUN
cblr-5121	500	16	between	between	ADP
cblr-5121	500	17	the	the	DET
cblr-5121	500	18	two	two	NUM
cblr-5121	500	19	.	.	PUNCT
cblr-5121	501	1	see	see	VERB
cblr-5121	501	2	free	free	ADJ
cblr-5121	501	3	enter	enter	NOUN
cblr-5121	501	4	.	.	PUNCT
cblr-5121	502	1	fund	fund	NOUN
cblr-5121	502	2	v.	v.	ADP
cblr-5121	502	3	pub	pub	NOUN
cblr-5121	502	4	.	.	PUNCT
cblr-5121	503	1	co.	co.	PROPN
cblr-5121	503	2	accounting	accounting	NOUN
cblr-5121	503	3	oversight	oversight	NOUN
cblr-5121	503	4	bd	bd	PROPN
cblr-5121	503	5	.	.	PROPN
cblr-5121	503	6	,	,	PUNCT
cblr-5121	503	7	561	561	NUM
cblr-5121	503	8	u.s	u.s	PROPN
cblr-5121	503	9	.	.	PROPN
cblr-5121	503	10	477	477	NUM
cblr-5121	503	11	,	,	PUNCT
cblr-5121	503	12	510	510	NUM
cblr-5121	503	13	(	(	PUNCT
cblr-5121	503	14	2010	2010	NUM
cblr-5121	503	15	)	)	PUNCT
cblr-5121	503	16	.	.	PUNCT
cblr-5121	504	1	129	129	NUM
cblr-5121	504	2	edmond	edmond	NOUN
cblr-5121	504	3	,	,	PUNCT
cblr-5121	504	4	520	520	NUM
cblr-5121	504	5	u.s	u.s	PROPN
cblr-5121	504	6	.	.	PROPN
cblr-5121	504	7	at	at	ADP
cblr-5121	504	8	659	659	NUM
cblr-5121	504	9	.	.	NUM
cblr-5121	504	10	130	130	NUM
cblr-5121	504	11	edmond	edmond	NOUN
cblr-5121	504	12	,	,	PUNCT
cblr-5121	504	13	520	520	NUM
cblr-5121	504	14	u.s	u.s	PROPN
cblr-5121	504	15	.	.	PROPN
cblr-5121	504	16	at	at	ADP
cblr-5121	504	17	659–60	659–60	NOUN
cblr-5121	504	18	.	.	PUNCT
cblr-5121	505	1	preventing	prevent	VERB
cblr-5121	505	2	congressional	congressional	ADJ
cblr-5121	505	3	encroachment	encroachment	NOUN
cblr-5121	505	4	over	over	ADP
cblr-5121	505	5	presidential	presidential	ADJ
cblr-5121	505	6	appointments	appointment	NOUN
cblr-5121	505	7	while	while	SCONJ
cblr-5121	505	8	simultaneously	simultaneously	ADV
cblr-5121	505	9	retaining	retain	VERB
cblr-5121	505	10	congressional	congressional	ADJ
cblr-5121	505	11	approval	approval	NOUN
cblr-5121	505	12	over	over	ADP
cblr-5121	505	13	the	the	DET
cblr-5121	505	14	president	president	NOUN
cblr-5121	505	15	’s	’s	PART
cblr-5121	505	16	appointments	appointment	NOUN
cblr-5121	505	17	,	,	PUNCT
cblr-5121	505	18	however	however	ADV
cblr-5121	505	19	,	,	PUNCT
cblr-5121	505	20	may	may	AUX
cblr-5121	505	21	be	be	AUX
cblr-5121	505	22	two	two	NUM
cblr-5121	505	23	goals	goal	NOUN
cblr-5121	505	24	in	in	ADP
cblr-5121	505	25	irreconcilable	irreconcilable	ADJ
cblr-5121	505	26	tension	tension	NOUN
cblr-5121	505	27	with	with	ADP
cblr-5121	505	28	one	one	NUM
cblr-5121	505	29	another	another	DET
cblr-5121	505	30	.	.	PUNCT
cblr-5121	506	1	similarly	similarly	ADV
cblr-5121	506	2	,	,	PUNCT
cblr-5121	506	3	the	the	DET
cblr-5121	506	4	accountability	accountability	NOUN
cblr-5121	506	5	justification	justification	NOUN
cblr-5121	506	6	for	for	ADP
cblr-5121	506	7	senate	senate	PROPN
cblr-5121	506	8	confirmation	confirmation	NOUN
cblr-5121	506	9	locates	locate	VERB
cblr-5121	506	10	much	much	ADJ
cblr-5121	506	11	of	of	ADP
cblr-5121	506	12	the	the	DET
cblr-5121	506	13	responsibility	responsibility	NOUN
cblr-5121	506	14	for	for	ADP
cblr-5121	506	15	appointments	appointment	NOUN
cblr-5121	506	16	outside	outside	ADP
cblr-5121	506	17	the	the	DET
cblr-5121	506	18	executive	executive	ADJ
cblr-5121	506	19	branch	branch	NOUN
cblr-5121	506	20	,	,	PUNCT
cblr-5121	506	21	envisioning	envision	VERB
cblr-5121	506	22	public	public	ADJ
cblr-5121	506	23	accountability	accountability	NOUN
cblr-5121	506	24	for	for	ADP
cblr-5121	506	25	both	both	CCONJ
cblr-5121	506	26	the	the	DET
cblr-5121	506	27	president	president	NOUN
cblr-5121	506	28	and	and	CCONJ
cblr-5121	506	29	the	the	DET
cblr-5121	506	30	senate	senate	PROPN
cblr-5121	506	31	.	.	PUNCT
cblr-5121	507	1	131	131	NUM
cblr-5121	507	2	free	free	ADJ
cblr-5121	507	3	enter	enter	NOUN
cblr-5121	507	4	.	.	PUNCT
cblr-5121	508	1	fund	fund	NOUN
cblr-5121	508	2	,	,	PUNCT
cblr-5121	508	3	561	561	NUM
cblr-5121	508	4	u.s	u.s	PROPN
cblr-5121	508	5	.	.	PROPN
cblr-5121	508	6	at	at	ADP
cblr-5121	508	7	498	498	NUM
cblr-5121	508	8	.	.	PUNCT
cblr-5121	509	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	509	2	(	(	PUNCT
cblr-5121	509	3	do	do	AUX
cblr-5121	509	4	not	not	PART
cblr-5121	509	5	delte	delte	VERB
cblr-5121	509	6	)	)	PUNCT
cblr-5121	509	7	1/3/2020	1/3/2020	NUM
cblr-5121	509	8	4:04	4:04	NUM
cblr-5121	509	9	pm	pm	NOUN
cblr-5121	509	10	1154	1154	NUM
cblr-5121	509	11	columbia	columbia	PROPN
cblr-5121	509	12	business	business	NOUN
cblr-5121	509	13	law	law	PROPN
cblr-5121	509	14	review	review	NOUN
cblr-5121	509	15	[	[	X
cblr-5121	509	16	vol	vol	NOUN
cblr-5121	509	17	.	.	PUNCT
cblr-5121	509	18	2019	2019	NUM
cblr-5121	509	19	president	president	NOUN
cblr-5121	509	20	with	with	ADP
cblr-5121	509	21	“	"	PUNCT
cblr-5121	509	22	tak[ing	tak[e	VERB
cblr-5121	509	23	]	]	PUNCT
cblr-5121	509	24	care	care	NOUN
cblr-5121	509	25	that	that	SCONJ
cblr-5121	509	26	the	the	DET
cblr-5121	509	27	laws	law	NOUN
cblr-5121	509	28	[	[	X
cblr-5121	509	29	are	be	AUX
cblr-5121	509	30	]	]	X
cblr-5121	509	31	faithfully	faithfully	ADV
cblr-5121	509	32	executed	execute	VERB
cblr-5121	509	33	.	.	PUNCT
cblr-5121	510	1	”132	”132	NOUN
cblr-5121	510	2	over	over	ADP
cblr-5121	510	3	a	a	DET
cblr-5121	510	4	series	series	NOUN
cblr-5121	510	5	of	of	ADP
cblr-5121	510	6	canonical	canonical	ADJ
cblr-5121	510	7	cases	case	NOUN
cblr-5121	510	8	,	,	PUNCT
cblr-5121	510	9	the	the	DET
cblr-5121	510	10	supreme	supreme	PROPN
cblr-5121	510	11	court	court	PROPN
cblr-5121	510	12	has	have	AUX
cblr-5121	510	13	identified	identify	VERB
cblr-5121	510	14	the	the	DET
cblr-5121	510	15	removal	removal	NOUN
cblr-5121	510	16	power	power	NOUN
cblr-5121	510	17	as	as	ADP
cblr-5121	510	18	integral	integral	ADJ
cblr-5121	510	19	to	to	ADP
cblr-5121	510	20	this	this	DET
cblr-5121	510	21	duty	duty	NOUN
cblr-5121	510	22	and	and	CCONJ
cblr-5121	510	23	to	to	ADP
cblr-5121	510	24	the	the	DET
cblr-5121	510	25	separation	separation	NOUN
cblr-5121	510	26	between	between	ADP
cblr-5121	510	27	the	the	DET
cblr-5121	510	28	legislative	legislative	ADJ
cblr-5121	510	29	and	and	CCONJ
cblr-5121	510	30	executive	executive	ADJ
cblr-5121	510	31	branches.133	branches.133	PROPN
cblr-5121	510	32	after	after	ADP
cblr-5121	510	33	asserting	assert	VERB
cblr-5121	510	34	a	a	DET
cblr-5121	510	35	broad	broad	ADJ
cblr-5121	510	36	scope	scope	NOUN
cblr-5121	510	37	of	of	ADP
cblr-5121	510	38	presidential	presidential	ADJ
cblr-5121	510	39	removal	removal	NOUN
cblr-5121	510	40	authority	authority	NOUN
cblr-5121	510	41	in	in	ADP
cblr-5121	510	42	myers	myers	PROPN
cblr-5121	510	43	v.	v.	PROPN
cblr-5121	510	44	united	united	PROPN
cblr-5121	510	45	states,134	states,134	PROPN
cblr-5121	511	1	the	the	DET
cblr-5121	511	2	supreme	supreme	PROPN
cblr-5121	511	3	court	court	PROPN
cblr-5121	511	4	has	have	AUX
cblr-5121	511	5	subsequently	subsequently	ADV
cblr-5121	511	6	permitted	permit	VERB
cblr-5121	511	7	some	some	DET
cblr-5121	511	8	insulation	insulation	NOUN
cblr-5121	511	9	of	of	ADP
cblr-5121	511	10	agency	agency	NOUN
cblr-5121	511	11	officials	official	NOUN
cblr-5121	511	12	from	from	ADP
cblr-5121	511	13	at	at	ADP
cblr-5121	511	14	-	-	PUNCT
cblr-5121	511	15	will	will	NOUN
cblr-5121	511	16	removal	removal	NOUN
cblr-5121	511	17	.	.	PUNCT
cblr-5121	512	1	for	for	ADP
cblr-5121	512	2	example	example	NOUN
cblr-5121	512	3	,	,	PUNCT
cblr-5121	512	4	in	in	ADP
cblr-5121	512	5	humphrey	humphrey	PROPN
cblr-5121	512	6	’s	’s	PART
cblr-5121	512	7	executor	executor	PROPN
cblr-5121	512	8	v.	v.	PROPN
cblr-5121	512	9	united	united	PROPN
cblr-5121	512	10	states,135	states,135	PROPN
cblr-5121	512	11	the	the	DET
cblr-5121	512	12	supreme	supreme	PROPN
cblr-5121	512	13	court	court	PROPN
cblr-5121	512	14	permitted	permit	VERB
cblr-5121	512	15	forcause	forcause	NOUN
cblr-5121	512	16	removal	removal	NOUN
cblr-5121	512	17	requirements	requirement	NOUN
cblr-5121	512	18	for	for	ADP
cblr-5121	512	19	officers	officer	NOUN
cblr-5121	512	20	of	of	ADP
cblr-5121	512	21	independent	independent	ADJ
cblr-5121	512	22	agencies.136	agencies.136	ADJ
cblr-5121	512	23	later	later	ADV
cblr-5121	512	24	,	,	PUNCT
cblr-5121	512	25	in	in	ADP
cblr-5121	512	26	morrison	morrison	PROPN
cblr-5121	512	27	v.	v.	ADP
cblr-5121	512	28	olson,137	olson,137	PROPN
cblr-5121	512	29	the	the	DET
cblr-5121	512	30	court	court	NOUN
cblr-5121	512	31	blessed	bless	VERB
cblr-5121	512	32	removal	removal	NOUN
cblr-5121	512	33	protections	protection	NOUN
cblr-5121	512	34	for	for	ADP
cblr-5121	512	35	inferior	inferior	ADJ
cblr-5121	512	36	officers	officer	NOUN
cblr-5121	512	37	from	from	ADP
cblr-5121	512	38	their	their	PRON
cblr-5121	512	39	executive	executive	ADJ
cblr-5121	512	40	branch	branch	NOUN
cblr-5121	512	41	superiors.138	superiors.138	NOUN
cblr-5121	512	42	further	further	ADJ
cblr-5121	512	43	safeguards	safeguard	NOUN
cblr-5121	512	44	against	against	ADP
cblr-5121	512	45	removal	removal	NOUN
cblr-5121	512	46	,	,	PUNCT
cblr-5121	512	47	however	however	ADV
cblr-5121	512	48	,	,	PUNCT
cblr-5121	512	49	can	can	AUX
cblr-5121	512	50	undermine	undermine	VERB
cblr-5121	512	51	the	the	DET
cblr-5121	512	52	separation	separation	NOUN
cblr-5121	512	53	of	of	ADP
cblr-5121	512	54	powers	power	NOUN
cblr-5121	512	55	and	and	CCONJ
cblr-5121	512	56	the	the	DET
cblr-5121	512	57	president	president	NOUN
cblr-5121	512	58	’s	’s	PART
cblr-5121	512	59	duty	duty	NOUN
cblr-5121	512	60	to	to	PART
cblr-5121	512	61	“	"	PUNCT
cblr-5121	512	62	take	take	VERB
cblr-5121	512	63	care	care	NOUN
cblr-5121	512	64	that	that	SCONJ
cblr-5121	512	65	the	the	DET
cblr-5121	512	66	laws	law	NOUN
cblr-5121	512	67	be	be	AUX
cblr-5121	512	68	faithfully	faithfully	ADV
cblr-5121	512	69	executed	execute	VERB
cblr-5121	512	70	.	.	PUNCT
cblr-5121	512	71	”139	”139	PUNCT
cblr-5121	513	1	in	in	ADP
cblr-5121	513	2	free	free	ADJ
cblr-5121	513	3	enterprise	enterprise	NOUN
cblr-5121	513	4	fund	fund	NOUN
cblr-5121	513	5	v.	v.	ADP
cblr-5121	513	6	public	public	PROPN
cblr-5121	513	7	co.	co.	PROPN
cblr-5121	513	8	accounting	accounting	PROPN
cblr-5121	513	9	board,140	board,140	PROPN
cblr-5121	513	10	the	the	DET
cblr-5121	513	11	supreme	supreme	PROPN
cblr-5121	513	12	court	court	PROPN
cblr-5121	513	13	held	hold	VERB
cblr-5121	513	14	that	that	DET
cblr-5121	513	15	double	double	ADJ
cblr-5121	513	16	for	for	ADP
cblr-5121	513	17	-	-	PUNCT
cblr-5121	513	18	cause	cause	VERB
cblr-5121	513	19	removal	removal	NOUN
cblr-5121	513	20	protections	protection	NOUN
cblr-5121	513	21	—	—	PUNCT
cblr-5121	513	22	wherein	wherein	SCONJ
cblr-5121	513	23	lower	low	ADJ
cblr-5121	513	24	-	-	PUNCT
cblr-5121	513	25	level	level	NOUN
cblr-5121	513	26	executive	executive	ADJ
cblr-5121	513	27	branch	branch	NOUN
cblr-5121	513	28	officers	officer	NOUN
cblr-5121	513	29	were	be	AUX
cblr-5121	513	30	removable	removable	ADJ
cblr-5121	513	31	only	only	ADV
cblr-5121	513	32	for	for	ADP
cblr-5121	513	33	cause	cause	NOUN
cblr-5121	513	34	by	by	ADP
cblr-5121	513	35	superiors	superior	NOUN
cblr-5121	513	36	who	who	PRON
cblr-5121	513	37	were	be	AUX
cblr-5121	513	38	likewise	likewise	ADV
cblr-5121	513	39	afforded	afford	VERB
cblr-5121	513	40	for	for	ADP
cblr-5121	513	41	-	-	PUNCT
cblr-5121	513	42	cause	cause	NOUN
cblr-5121	513	43	removal	removal	NOUN
cblr-5121	513	44	protection	protection	NOUN
cblr-5121	513	45	—	—	PUNCT
cblr-5121	513	46	violated	violate	VERB
cblr-5121	513	47	article	article	NOUN
cblr-5121	513	48	ii	ii	PROPN
cblr-5121	513	49	of	of	ADP
cblr-5121	513	50	the	the	DET
cblr-5121	513	51	constitution	constitution	NOUN
cblr-5121	513	52	,	,	PUNCT
cblr-5121	513	53	and	and	CCONJ
cblr-5121	513	54	,	,	PUNCT
cblr-5121	513	55	as	as	ADP
cblr-5121	513	56	a	a	DET
cblr-5121	513	57	result	result	NOUN
cblr-5121	513	58	,	,	PUNCT
cblr-5121	513	59	the	the	DET
cblr-5121	513	60	constitutional	constitutional	ADJ
cblr-5121	513	61	principle	principle	NOUN
cblr-5121	513	62	of	of	ADP
cblr-5121	513	63	the	the	DET
cblr-5121	513	64	separation	separation	NOUN
cblr-5121	513	65	of	of	ADP
cblr-5121	513	66	powers.141	powers.141	NOUN
cblr-5121	513	67	this	this	DET
cblr-5121	513	68	second	second	ADJ
cblr-5121	513	69	layer	layer	NOUN
cblr-5121	513	70	of	of	ADP
cblr-5121	513	71	removal	removal	NOUN
cblr-5121	513	72	protection	protection	NOUN
cblr-5121	513	73	,	,	PUNCT
cblr-5121	513	74	according	accord	VERB
cblr-5121	513	75	to	to	ADP
cblr-5121	513	76	the	the	DET
cblr-5121	513	77	free	free	ADJ
cblr-5121	513	78	enterprise	enterprise	NOUN
cblr-5121	513	79	fund	fund	NOUN
cblr-5121	513	80	court	court	NOUN
cblr-5121	513	81	,	,	PUNCT
cblr-5121	513	82	impermissibly	impermissibly	ADV
cblr-5121	513	83	insulated	insulate	VERB
cblr-5121	513	84	agency	agency	NOUN
cblr-5121	513	85	officials	official	NOUN
cblr-5121	513	86	and	and	CCONJ
cblr-5121	513	87	undermined	undermine	VERB
cblr-5121	513	88	the	the	DET
cblr-5121	513	89	president	president	NOUN
cblr-5121	513	90	’s	’s	PART
cblr-5121	513	91	ability	ability	NOUN
cblr-5121	513	92	to	to	PART
cblr-5121	513	93	“	"	PUNCT
cblr-5121	513	94	oversee	oversee	VERB
cblr-5121	513	95	the	the	DET
cblr-5121	513	96	faithfulness	faithfulness	NOUN
cblr-5121	513	97	of	of	ADP
cblr-5121	513	98	the	the	DET
cblr-5121	513	99	officers	officer	NOUN
cblr-5121	513	100	who	who	PRON
cblr-5121	513	101	execute	execute	VERB
cblr-5121	513	102	”	"	PUNCT
cblr-5121	513	103	the	the	DET
cblr-5121	513	104	law	law	NOUN
cblr-5121	513	105	,	,	PUNCT
cblr-5121	513	106	an	an	DET
cblr-5121	513	107	outcome	outcome	NOUN
cblr-5121	513	108	“	"	PUNCT
cblr-5121	513	109	contrary	contrary	ADJ
cblr-5121	513	110	to	to	ADP
cblr-5121	513	111	article	article	PROPN
cblr-5121	513	112	ii	ii	PROPN
cblr-5121	513	113	’s	’s	PART
cblr-5121	513	114	132	132	NUM
cblr-5121	513	115	u.s	u.s	PROPN
cblr-5121	513	116	.	.	PROPN
cblr-5121	513	117	const	const	PROPN
cblr-5121	513	118	.	.	PUNCT
cblr-5121	514	1	art	art	PROPN
cblr-5121	514	2	ii	ii	PROPN
cblr-5121	514	3	,	,	PUNCT
cblr-5121	514	4	§	§	PROPN
cblr-5121	514	5	3	3	NUM
cblr-5121	514	6	.	.	NOUN
cblr-5121	514	7	133	133	NUM
cblr-5121	514	8	see	see	VERB
cblr-5121	514	9	free	free	ADJ
cblr-5121	514	10	enter	enter	NOUN
cblr-5121	514	11	.	.	PUNCT
cblr-5121	515	1	fund	fund	NOUN
cblr-5121	515	2	,	,	PUNCT
cblr-5121	515	3	561	561	NUM
cblr-5121	515	4	u.s	u.s	PROPN
cblr-5121	515	5	.	.	PROPN
cblr-5121	515	6	at	at	ADP
cblr-5121	515	7	513–14	513–14	NUM
cblr-5121	515	8	.	.	PUNCT
cblr-5121	516	1	134	134	NUM
cblr-5121	516	2	myers	myers	PROPN
cblr-5121	516	3	v.	v.	PROPN
cblr-5121	516	4	united	united	PROPN
cblr-5121	516	5	states	states	PROPN
cblr-5121	516	6	,	,	PUNCT
cblr-5121	516	7	272	272	NUM
cblr-5121	516	8	u.s	u.s	PROPN
cblr-5121	516	9	.	.	PROPN
cblr-5121	516	10	52	52	NUM
cblr-5121	516	11	,	,	PUNCT
cblr-5121	516	12	117	117	NUM
cblr-5121	516	13	(	(	PUNCT
cblr-5121	516	14	1926	1926	NUM
cblr-5121	516	15	)	)	PUNCT
cblr-5121	516	16	.	.	PUNCT
cblr-5121	517	1	135	135	NUM
cblr-5121	517	2	humphrey	humphrey	PROPN
cblr-5121	517	3	’s	’s	PART
cblr-5121	517	4	ex’r	ex’r	PROPN
cblr-5121	517	5	v.	v.	ADP
cblr-5121	517	6	united	united	PROPN
cblr-5121	517	7	states	states	PROPN
cblr-5121	517	8	,	,	PUNCT
cblr-5121	517	9	295	295	NUM
cblr-5121	517	10	u.s	u.s	PROPN
cblr-5121	517	11	.	.	PROPN
cblr-5121	517	12	602	602	NUM
cblr-5121	517	13	(	(	PUNCT
cblr-5121	517	14	1935	1935	NUM
cblr-5121	517	15	)	)	PUNCT
cblr-5121	517	16	.	.	PUNCT
cblr-5121	518	1	136	136	NUM
cblr-5121	519	1	i	i	PRON
cblr-5121	519	2	d.	d.	VERB
cblr-5121	519	3	at	at	ADP
cblr-5121	519	4	629	629	NUM
cblr-5121	519	5	(	(	PUNCT
cblr-5121	519	6	upholding	uphold	VERB
cblr-5121	519	7	for	for	ADP
cblr-5121	519	8	-	-	PUNCT
cblr-5121	519	9	cause	cause	VERB
cblr-5121	519	10	removal	removal	NOUN
cblr-5121	519	11	constraints	constraint	NOUN
cblr-5121	519	12	for	for	ADP
cblr-5121	519	13	officers	officer	NOUN
cblr-5121	519	14	of	of	ADP
cblr-5121	519	15	“	"	PUNCT
cblr-5121	519	16	quasi	quasi	ADJ
cblr-5121	519	17	legislative	legislative	ADJ
cblr-5121	519	18	or	or	CCONJ
cblr-5121	519	19	quasi	quasi	ADJ
cblr-5121	519	20	judicial	judicial	ADJ
cblr-5121	519	21	agencies	agency	NOUN
cblr-5121	519	22	”	"	PUNCT
cblr-5121	519	23	)	)	PUNCT
cblr-5121	519	24	.	.	PUNCT
cblr-5121	520	1	137	137	NUM
cblr-5121	520	2	morrison	morrison	PROPN
cblr-5121	520	3	v.	v.	PROPN
cblr-5121	520	4	olson	olson	PROPN
cblr-5121	520	5	,	,	PUNCT
cblr-5121	520	6	487	487	NUM
cblr-5121	520	7	u.s	u.s	PROPN
cblr-5121	520	8	.	.	PROPN
cblr-5121	520	9	654	654	NUM
cblr-5121	520	10	(	(	PUNCT
cblr-5121	520	11	1988	1988	NUM
cblr-5121	520	12	)	)	PUNCT
cblr-5121	520	13	.	.	PUNCT
cblr-5121	521	1	138	138	NUM
cblr-5121	522	1	i	i	PRON
cblr-5121	522	2	d.	d.	PROPN
cblr-5121	522	3	at	at	ADP
cblr-5121	522	4	692–93	692–93	PROPN
cblr-5121	522	5	.	.	PUNCT
cblr-5121	523	1	139	139	NUM
cblr-5121	524	1	u.s	u.s	PROPN
cblr-5121	524	2	.	.	PROPN
cblr-5121	524	3	const	const	PROPN
cblr-5121	524	4	.	.	PUNCT
cblr-5121	525	1	art	art	NOUN
cblr-5121	525	2	.	.	PUNCT
cblr-5121	526	1	ii	ii	PROPN
cblr-5121	526	2	,	,	PUNCT
cblr-5121	526	3	§	§	PROPN
cblr-5121	526	4	3	3	NUM
cblr-5121	526	5	.	.	NOUN
cblr-5121	526	6	140	140	NUM
cblr-5121	526	7	free	free	ADJ
cblr-5121	526	8	enter	enter	NOUN
cblr-5121	526	9	.	.	PUNCT
cblr-5121	527	1	fund	fund	NOUN
cblr-5121	527	2	v.	v.	ADP
cblr-5121	527	3	pub	pub	NOUN
cblr-5121	527	4	.	.	PUNCT
cblr-5121	528	1	co.	co.	PROPN
cblr-5121	528	2	accounting	accounting	NOUN
cblr-5121	528	3	oversight	oversight	NOUN
cblr-5121	528	4	bd	bd	PROPN
cblr-5121	528	5	.	.	PROPN
cblr-5121	528	6	,	,	PUNCT
cblr-5121	528	7	561	561	NUM
cblr-5121	528	8	u.s	u.s	PROPN
cblr-5121	528	9	.	.	PROPN
cblr-5121	528	10	477	477	NUM
cblr-5121	528	11	(	(	PUNCT
cblr-5121	528	12	2010	2010	NUM
cblr-5121	528	13	)	)	PUNCT
cblr-5121	528	14	.	.	PUNCT
cblr-5121	529	1	141	141	NUM
cblr-5121	530	1	i	i	PRON
cblr-5121	530	2	d.	d.	NOUN
cblr-5121	530	3	at	at	ADP
cblr-5121	530	4	495–98	495–98	NUM
cblr-5121	530	5	.	.	PUNCT
cblr-5121	531	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	531	2	(	(	PUNCT
cblr-5121	531	3	do	do	AUX
cblr-5121	531	4	not	not	PART
cblr-5121	531	5	delete	delete	VERB
cblr-5121	531	6	)	)	PUNCT
cblr-5121	531	7	1/3/2020	1/3/2020	NUM
cblr-5121	531	8	4:04	4:04	NUM
cblr-5121	531	9	pm	pm	NOUN
cblr-5121	531	10	no	no	NOUN
cblr-5121	531	11	.	.	PUNCT
cblr-5121	532	1	3:1123	3:1123	NUM
cblr-5121	532	2	]	]	PUNCT
cblr-5121	532	3	insider	insider	NOUN
cblr-5121	532	4	interest	interest	NOUN
cblr-5121	532	5	,	,	PUNCT
cblr-5121	532	6	not	not	PART
cblr-5121	532	7	industry	industry	NOUN
cblr-5121	532	8	influence	influence	NOUN
cblr-5121	532	9	1155	1155	NUM
cblr-5121	532	10	vesting	vesting	NOUN
cblr-5121	532	11	of	of	ADP
cblr-5121	532	12	the	the	DET
cblr-5121	532	13	executive	executive	ADJ
cblr-5121	532	14	power	power	NOUN
cblr-5121	532	15	in	in	ADP
cblr-5121	532	16	the	the	DET
cblr-5121	532	17	president	president	NOUN
cblr-5121	532	18	.	.	PUNCT
cblr-5121	533	1	”142	”142	PROPN
cblr-5121	534	1	moreover	moreover	ADV
cblr-5121	534	2	,	,	PUNCT
cblr-5121	534	3	blessing	bless	VERB
cblr-5121	534	4	two	two	NUM
cblr-5121	534	5	levels	level	NOUN
cblr-5121	534	6	of	of	ADP
cblr-5121	534	7	removal	removal	NOUN
cblr-5121	534	8	protection	protection	NOUN
cblr-5121	534	9	,	,	PUNCT
cblr-5121	534	10	according	accord	VERB
cblr-5121	534	11	to	to	ADP
cblr-5121	534	12	the	the	DET
cblr-5121	534	13	free	free	ADJ
cblr-5121	534	14	enterprise	enterprise	NOUN
cblr-5121	534	15	fund	fund	NOUN
cblr-5121	534	16	court	court	NOUN
cblr-5121	534	17	,	,	PUNCT
cblr-5121	534	18	risked	risk	VERB
cblr-5121	534	19	permitting	permit	VERB
cblr-5121	534	20	congressional	congressional	ADJ
cblr-5121	534	21	aggrandizement	aggrandizement	NOUN
cblr-5121	534	22	at	at	ADP
cblr-5121	534	23	the	the	DET
cblr-5121	534	24	expense	expense	NOUN
cblr-5121	534	25	of	of	ADP
cblr-5121	534	26	the	the	DET
cblr-5121	534	27	executive	executive	ADJ
cblr-5121	534	28	branch	branch	NOUN
cblr-5121	534	29	by	by	ADP
cblr-5121	534	30	subverting	subvert	VERB
cblr-5121	534	31	“	"	PUNCT
cblr-5121	534	32	perhaps	perhaps	ADV
cblr-5121	534	33	the	the	DET
cblr-5121	534	34	key	key	ADJ
cblr-5121	534	35	means	mean	NOUN
cblr-5121	534	36	”	"	PUNCT
cblr-5121	534	37	of	of	ADP
cblr-5121	534	38	“	"	PUNCT
cblr-5121	534	39	resist[ing	resist[e	VERB
cblr-5121	534	40	]	]	PUNCT
cblr-5121	534	41	encroachments	encroachment	NOUN
cblr-5121	534	42	”	"	PUNCT
cblr-5121	534	43	by	by	ADP
cblr-5121	534	44	the	the	DET
cblr-5121	534	45	legislative	legislative	ADJ
cblr-5121	534	46	branch	branch	NOUN
cblr-5121	534	47	—	—	PUNCT
cblr-5121	534	48	the	the	DET
cblr-5121	534	49	president	president	NOUN
cblr-5121	534	50	’s	’s	PART
cblr-5121	534	51	removal	removal	NOUN
cblr-5121	534	52	authority.143	authority.143	PROPN
cblr-5121	534	53	2	2	NUM
cblr-5121	534	54	.	.	PUNCT
cblr-5121	534	55	reserve	reserve	PROPN
cblr-5121	534	56	bank	bank	PROPN
cblr-5121	534	57	presidents	president	NOUN
cblr-5121	534	58	:	:	PUNCT
cblr-5121	534	59	an	an	DET
cblr-5121	534	60	uneasy	uneasy	ADJ
cblr-5121	534	61	constitutional	constitutional	ADJ
cblr-5121	534	62	fit	fit	NOUN
cblr-5121	534	63	although	although	SCONJ
cblr-5121	534	64	the	the	DET
cblr-5121	534	65	constitution	constitution	NOUN
cblr-5121	534	66	contemplates	contemplate	VERB
cblr-5121	534	67	two	two	NUM
cblr-5121	534	68	sorts	sort	NOUN
cblr-5121	534	69	of	of	ADP
cblr-5121	534	70	officers	officer	NOUN
cblr-5121	534	71	,	,	PUNCT
cblr-5121	534	72	this	this	DET
cblr-5121	534	73	distinction	distinction	NOUN
cblr-5121	534	74	likely	likely	ADV
cblr-5121	534	75	does	do	AUX
cblr-5121	534	76	not	not	PART
cblr-5121	534	77	make	make	VERB
cblr-5121	534	78	a	a	DET
cblr-5121	534	79	difference	difference	NOUN
cblr-5121	534	80	in	in	ADP
cblr-5121	534	81	assessing	assess	VERB
cblr-5121	534	82	the	the	DET
cblr-5121	534	83	validity	validity	NOUN
cblr-5121	534	84	of	of	ADP
cblr-5121	534	85	the	the	DET
cblr-5121	534	86	federal	federal	PROPN
cblr-5121	534	87	reserve	reserve	PROPN
cblr-5121	534	88	bank	bank	PROPN
cblr-5121	534	89	appointments	appointment	NOUN
cblr-5121	534	90	process	process	NOUN
cblr-5121	534	91	under	under	ADP
cblr-5121	534	92	existing	exist	VERB
cblr-5121	534	93	law	law	NOUN
cblr-5121	534	94	.	.	PUNCT
cblr-5121	535	1	as	as	SCONJ
cblr-5121	535	2	peter	peter	PROPN
cblr-5121	535	3	contibrown	contibrown	PROPN
cblr-5121	535	4	argues	argue	VERB
cblr-5121	535	5	,	,	PUNCT
cblr-5121	535	6	“	"	PUNCT
cblr-5121	535	7	it	it	PRON
cblr-5121	535	8	does	do	AUX
cblr-5121	535	9	not	not	PART
cblr-5121	535	10	matter	matter	VERB
cblr-5121	535	11	whether	whether	SCONJ
cblr-5121	535	12	the	the	DET
cblr-5121	535	13	reserve	reserve	PROPN
cblr-5121	535	14	bank	bank	PROPN
cblr-5121	535	15	presidents	president	NOUN
cblr-5121	535	16	are	be	AUX
cblr-5121	535	17	considered	consider	VERB
cblr-5121	535	18	principal	principal	ADJ
cblr-5121	535	19	officers	officer	NOUN
cblr-5121	535	20	or	or	CCONJ
cblr-5121	535	21	inferior	inferior	ADJ
cblr-5121	535	22	officers	officer	NOUN
cblr-5121	535	23	;	;	PUNCT
cblr-5121	535	24	their	their	PRON
cblr-5121	535	25	appointment	appointment	NOUN
cblr-5121	535	26	procedure	procedure	NOUN
cblr-5121	535	27	violates	violate	VERB
cblr-5121	535	28	the	the	DET
cblr-5121	535	29	constitutional	constitutional	ADJ
cblr-5121	535	30	requirements	requirement	NOUN
cblr-5121	535	31	in	in	ADP
cblr-5121	535	32	either	either	DET
cblr-5121	535	33	context	context	NOUN
cblr-5121	535	34	.	.	PUNCT
cblr-5121	535	35	”144	”144	PUNCT
cblr-5121	536	1	by	by	ADP
cblr-5121	536	2	vesting	vest	VERB
cblr-5121	536	3	the	the	DET
cblr-5121	536	4	appointment	appointment	NOUN
cblr-5121	536	5	authority	authority	NOUN
cblr-5121	536	6	for	for	ADP
cblr-5121	536	7	reserve	reserve	PROPN
cblr-5121	536	8	bank	bank	PROPN
cblr-5121	536	9	presidents	president	NOUN
cblr-5121	536	10	in	in	ADP
cblr-5121	536	11	the	the	DET
cblr-5121	536	12	reserve	reserve	NOUN
cblr-5121	536	13	banks	bank	NOUN
cblr-5121	536	14	’	'	PUNCT
cblr-5121	536	15	boards	board	NOUN
cblr-5121	536	16	of	of	ADP
cblr-5121	536	17	directors	director	NOUN
cblr-5121	536	18	,	,	PUNCT
cblr-5121	536	19	rather	rather	ADV
cblr-5121	536	20	than	than	ADP
cblr-5121	536	21	in	in	ADP
cblr-5121	536	22	“	"	PUNCT
cblr-5121	536	23	the	the	DET
cblr-5121	536	24	president	president	NOUN
cblr-5121	536	25	alone	alone	ADV
cblr-5121	536	26	,	,	PUNCT
cblr-5121	536	27	in	in	ADP
cblr-5121	536	28	the	the	DET
cblr-5121	536	29	courts	court	NOUN
cblr-5121	536	30	of	of	ADP
cblr-5121	536	31	law	law	NOUN
cblr-5121	536	32	,	,	PUNCT
cblr-5121	536	33	or	or	CCONJ
cblr-5121	536	34	in	in	ADP
cblr-5121	536	35	the	the	DET
cblr-5121	536	36	heads	head	NOUN
cblr-5121	536	37	of	of	ADP
cblr-5121	536	38	[	[	X
cblr-5121	536	39	a	a	X
cblr-5121	536	40	]	]	X
cblr-5121	536	41	department	department	NOUN
cblr-5121	537	1	[	[	X
cblr-5121	537	2	]	]	X
cblr-5121	537	3	”	"	PUNCT
cblr-5121	537	4	(	(	PUNCT
cblr-5121	537	5	namely	namely	ADV
cblr-5121	537	6	,	,	PUNCT
cblr-5121	537	7	the	the	DET
cblr-5121	537	8	board	board	NOUN
cblr-5121	537	9	of	of	ADP
cblr-5121	537	10	governors	governor	NOUN
cblr-5121	537	11	)	)	PUNCT
cblr-5121	537	12	,	,	PUNCT
cblr-5121	537	13	the	the	DET
cblr-5121	537	14	appointment	appointment	NOUN
cblr-5121	537	15	process	process	NOUN
cblr-5121	537	16	meets	meet	VERB
cblr-5121	537	17	neither	neither	CCONJ
cblr-5121	537	18	the	the	DET
cblr-5121	537	19	standard	standard	NOUN
cblr-5121	537	20	for	for	ADP
cblr-5121	537	21	principal	principal	NOUN
cblr-5121	537	22	nor	nor	CCONJ
cblr-5121	537	23	inferior	inferior	ADJ
cblr-5121	537	24	officers.145	officers.145	NOUN
cblr-5121	537	25	although	although	SCONJ
cblr-5121	537	26	this	this	DET
cblr-5121	537	27	appointments	appointment	NOUN
cblr-5121	537	28	clause	clause	VERB
cblr-5121	537	29	142	142	NUM
cblr-5121	537	30	i	i	PRON
cblr-5121	537	31	d.	d.	PROPN
cblr-5121	537	32	at	at	ADP
cblr-5121	537	33	484	484	NUM
cblr-5121	537	34	.	.	PUNCT
cblr-5121	538	1	despite	despite	SCONJ
cblr-5121	538	2	anchoring	anchor	VERB
cblr-5121	538	3	its	its	PRON
cblr-5121	538	4	analysis	analysis	NOUN
cblr-5121	538	5	on	on	ADP
cblr-5121	538	6	the	the	DET
cblr-5121	538	7	parties	party	NOUN
cblr-5121	538	8	’	’	PART
cblr-5121	538	9	stipulation	stipulation	NOUN
cblr-5121	538	10	that	that	SCONJ
cblr-5121	538	11	securities	security	NOUN
cblr-5121	538	12	and	and	CCONJ
cblr-5121	538	13	exchange	exchange	PROPN
cblr-5121	538	14	commission	commission	PROPN
cblr-5121	538	15	(	(	PUNCT
cblr-5121	538	16	the	the	DET
cblr-5121	538	17	“	"	PUNCT
cblr-5121	538	18	sec	sec	PROPN
cblr-5121	538	19	”	"	PUNCT
cblr-5121	538	20	)	)	PUNCT
cblr-5121	538	21	commissioners	commissioner	NOUN
cblr-5121	538	22	themselves	themselves	PRON
cblr-5121	538	23	enjoy	enjoy	VERB
cblr-5121	538	24	for	for	ADP
cblr-5121	538	25	-	-	PUNCT
cblr-5121	538	26	cause	cause	VERB
cblr-5121	538	27	removal	removal	NOUN
cblr-5121	538	28	protection	protection	NOUN
cblr-5121	538	29	,	,	PUNCT
cblr-5121	538	30	see	see	VERB
cblr-5121	538	31	i	i	PRON
cblr-5121	538	32	d.	d.	PROPN
cblr-5121	538	33	at	at	ADP
cblr-5121	538	34	487	487	NUM
cblr-5121	538	35	,	,	PUNCT
cblr-5121	538	36	this	this	DET
cblr-5121	538	37	central	central	ADJ
cblr-5121	538	38	premise	premise	NOUN
cblr-5121	538	39	of	of	ADP
cblr-5121	538	40	free	free	ADJ
cblr-5121	538	41	enterprise	enterprise	NOUN
cblr-5121	538	42	fund	fund	NOUN
cblr-5121	538	43	is	be	AUX
cblr-5121	538	44	not	not	PART
cblr-5121	538	45	explicitly	explicitly	ADV
cblr-5121	538	46	commanded	command	VERB
cblr-5121	538	47	by	by	ADP
cblr-5121	538	48	the	the	DET
cblr-5121	538	49	sec	sec	PROPN
cblr-5121	538	50	’s	’s	PART
cblr-5121	538	51	governing	governing	NOUN
cblr-5121	538	52	statute	statute	NOUN
cblr-5121	538	53	.	.	PUNCT
cblr-5121	539	1	i	i	PRON
cblr-5121	539	2	d.	d.	PROPN
cblr-5121	539	3	at	at	ADP
cblr-5121	539	4	545–47	545–47	NUM
cblr-5121	539	5	(	(	PUNCT
cblr-5121	539	6	breyer	breyer	NOUN
cblr-5121	539	7	,	,	PUNCT
cblr-5121	539	8	j.	j.	PROPN
cblr-5121	539	9	,	,	PUNCT
cblr-5121	539	10	dissenting	dissent	VERB
cblr-5121	539	11	)	)	PUNCT
cblr-5121	539	12	.	.	PUNCT
cblr-5121	540	1	for	for	ADP
cblr-5121	540	2	an	an	DET
cblr-5121	540	3	argument	argument	NOUN
cblr-5121	540	4	that	that	SCONJ
cblr-5121	540	5	the	the	DET
cblr-5121	540	6	free	free	ADJ
cblr-5121	540	7	enterprise	enterprise	NOUN
cblr-5121	540	8	fund	fund	NOUN
cblr-5121	540	9	court	court	NOUN
cblr-5121	540	10	’s	’s	PART
cblr-5121	540	11	focus	focus	NOUN
cblr-5121	540	12	on	on	ADP
cblr-5121	540	13	two	two	NUM
cblr-5121	540	14	levels	level	NOUN
cblr-5121	540	15	of	of	ADP
cblr-5121	540	16	removal	removal	NOUN
cblr-5121	540	17	protection	protection	NOUN
cblr-5121	540	18	failed	fail	VERB
cblr-5121	540	19	to	to	PART
cblr-5121	540	20	capture	capture	VERB
cblr-5121	540	21	the	the	DET
cblr-5121	540	22	primary	primary	ADJ
cblr-5121	540	23	separation	separation	NOUN
cblr-5121	540	24	of	of	ADP
cblr-5121	540	25	powers	power	NOUN
cblr-5121	540	26	problem	problem	NOUN
cblr-5121	540	27	implicated	implicate	VERB
cblr-5121	540	28	in	in	ADP
cblr-5121	540	29	the	the	DET
cblr-5121	540	30	case	case	NOUN
cblr-5121	540	31	,	,	PUNCT
cblr-5121	540	32	see	see	VERB
cblr-5121	540	33	peter	peter	PROPN
cblr-5121	540	34	l.	l.	PROPN
cblr-5121	540	35	strauss	strauss	PROPN
cblr-5121	540	36	,	,	PUNCT
cblr-5121	540	37	on	on	ADP
cblr-5121	540	38	the	the	DET
cblr-5121	540	39	difficulties	difficulty	NOUN
cblr-5121	540	40	of	of	ADP
cblr-5121	540	41	generalization	generalization	NOUN
cblr-5121	540	42	—	—	PUNCT
cblr-5121	540	43	pcaob	pcaob	NOUN
cblr-5121	540	44	in	in	ADP
cblr-5121	540	45	the	the	DET
cblr-5121	540	46	footsteps	footstep	NOUN
cblr-5121	540	47	of	of	ADP
cblr-5121	540	48	myers	myer	NOUN
cblr-5121	540	49	,	,	PUNCT
cblr-5121	540	50	humphrey	humphrey	PROPN
cblr-5121	540	51	’s	’s	PART
cblr-5121	540	52	executor	executor	NOUN
cblr-5121	540	53	,	,	PUNCT
cblr-5121	540	54	morrison	morrison	PROPN
cblr-5121	540	55	,	,	PUNCT
cblr-5121	540	56	and	and	CCONJ
cblr-5121	540	57	freytag	freytag	NOUN
cblr-5121	540	58	,	,	PUNCT
cblr-5121	540	59	32	32	NUM
cblr-5121	540	60	cardozo	cardozo	PROPN
cblr-5121	540	61	l.	l.	PROPN
cblr-5121	540	62	rev	rev	PROPN
cblr-5121	540	63	.	.	PROPN
cblr-5121	540	64	2255	2255	NUM
cblr-5121	540	65	,	,	PUNCT
cblr-5121	540	66	2278	2278	NUM
cblr-5121	540	67	(	(	PUNCT
cblr-5121	540	68	2011	2011	NUM
cblr-5121	540	69	)	)	PUNCT
cblr-5121	540	70	(	(	PUNCT
cblr-5121	540	71	arguing	argue	VERB
cblr-5121	540	72	that	that	SCONJ
cblr-5121	540	73	the	the	DET
cblr-5121	540	74	nesting	nesting	NOUN
cblr-5121	540	75	of	of	ADP
cblr-5121	540	76	one	one	NUM
cblr-5121	540	77	independent	independent	ADJ
cblr-5121	540	78	agency	agency	NOUN
cblr-5121	540	79	(	(	PUNCT
cblr-5121	540	80	the	the	DET
cblr-5121	540	81	public	public	ADJ
cblr-5121	540	82	company	company	NOUN
cblr-5121	540	83	accounting	account	VERB
cblr-5121	540	84	oversight	oversight	NOUN
cblr-5121	540	85	board	board	NOUN
cblr-5121	540	86	)	)	PUNCT
cblr-5121	540	87	within	within	ADP
cblr-5121	540	88	another	another	PRON
cblr-5121	540	89	(	(	PUNCT
cblr-5121	540	90	the	the	DET
cblr-5121	540	91	sec	sec	PROPN
cblr-5121	540	92	)	)	PUNCT
cblr-5121	540	93	was	be	AUX
cblr-5121	540	94	“	"	PUNCT
cblr-5121	540	95	virtually	virtually	ADV
cblr-5121	540	96	unique	unique	ADJ
cblr-5121	540	97	”	"	PUNCT
cblr-5121	540	98	among	among	ADP
cblr-5121	540	99	administrative	administrative	ADJ
cblr-5121	540	100	agencies	agency	NOUN
cblr-5121	540	101	)	)	PUNCT
cblr-5121	540	102	.	.	PUNCT
cblr-5121	541	1	143	143	NUM
cblr-5121	541	2	free	free	ADJ
cblr-5121	541	3	enter	enter	NOUN
cblr-5121	541	4	.	.	PUNCT
cblr-5121	542	1	fund	fund	NOUN
cblr-5121	542	2	,	,	PUNCT
cblr-5121	542	3	561	561	NUM
cblr-5121	542	4	u.s	u.s	PROPN
cblr-5121	542	5	.	.	PROPN
cblr-5121	542	6	at	at	ADP
cblr-5121	542	7	501	501	NUM
cblr-5121	542	8	(	(	PUNCT
cblr-5121	542	9	internal	internal	ADJ
cblr-5121	542	10	citation	citation	NOUN
cblr-5121	542	11	omitted	omit	VERB
cblr-5121	542	12	)	)	PUNCT
cblr-5121	542	13	.	.	PUNCT
cblr-5121	543	1	144	144	NUM
cblr-5121	543	2	conti	conti	ADJ
cblr-5121	543	3	-	-	ADJ
cblr-5121	543	4	brown	brown	ADJ
cblr-5121	543	5	,	,	PUNCT
cblr-5121	543	6	supra	supra	PROPN
cblr-5121	543	7	note	note	NOUN
cblr-5121	543	8	73	73	NUM
cblr-5121	543	9	,	,	PUNCT
cblr-5121	543	10	at	at	ADP
cblr-5121	543	11	302	302	NUM
cblr-5121	543	12	.	.	PUNCT
cblr-5121	543	13	145	145	NUM
cblr-5121	544	1	i	i	PRON
cblr-5121	544	2	d.	d.	PROPN
cblr-5121	544	3	at	at	ADP
cblr-5121	544	4	301	301	NUM
cblr-5121	544	5	(	(	PUNCT
cblr-5121	544	6	internal	internal	ADJ
cblr-5121	544	7	quotation	quotation	NOUN
cblr-5121	544	8	marks	mark	NOUN
cblr-5121	544	9	omitted	omit	VERB
cblr-5121	544	10	)	)	PUNCT
cblr-5121	544	11	.	.	PUNCT
cblr-5121	545	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	545	2	(	(	PUNCT
cblr-5121	545	3	do	do	AUX
cblr-5121	545	4	not	not	PART
cblr-5121	545	5	delte	delte	VERB
cblr-5121	545	6	)	)	PUNCT
cblr-5121	545	7	1/3/2020	1/3/2020	NUM
cblr-5121	545	8	4:04	4:04	NUM
cblr-5121	545	9	pm	pm	NOUN
cblr-5121	545	10	1156	1156	NUM
cblr-5121	545	11	columbia	columbia	PROPN
cblr-5121	545	12	business	business	NOUN
cblr-5121	545	13	law	law	PROPN
cblr-5121	545	14	review	review	NOUN
cblr-5121	546	1	[	[	X
cblr-5121	546	2	vol	vol	NOUN
cblr-5121	546	3	.	.	NOUN
cblr-5121	546	4	2019	2019	NUM
cblr-5121	546	5	problem	problem	NOUN
cblr-5121	546	6	spurred	spur	VERB
cblr-5121	546	7	a	a	DET
cblr-5121	546	8	spate	spate	NOUN
cblr-5121	546	9	of	of	ADP
cblr-5121	546	10	litigation	litigation	NOUN
cblr-5121	546	11	in	in	ADP
cblr-5121	546	12	the	the	DET
cblr-5121	546	13	d.c	d.c	PROPN
cblr-5121	546	14	.	.	PROPN
cblr-5121	546	15	circuit	circuit	PROPN
cblr-5121	546	16	challenging	challenge	VERB
cblr-5121	546	17	the	the	DET
cblr-5121	546	18	constitutionality	constitutionality	NOUN
cblr-5121	546	19	of	of	ADP
cblr-5121	546	20	the	the	DET
cblr-5121	546	21	fomc	fomc	NOUN
cblr-5121	546	22	in	in	ADP
cblr-5121	546	23	the	the	DET
cblr-5121	546	24	1980s	1980	NOUN
cblr-5121	546	25	,	,	PUNCT
cblr-5121	546	26	the	the	DET
cblr-5121	546	27	cases	case	NOUN
cblr-5121	546	28	were	be	AUX
cblr-5121	546	29	instead	instead	ADV
cblr-5121	546	30	decided	decide	VERB
cblr-5121	546	31	on	on	ADP
cblr-5121	546	32	standing	standing	NOUN
cblr-5121	546	33	grounds	ground	NOUN
cblr-5121	546	34	or	or	CCONJ
cblr-5121	546	35	,	,	PUNCT
cblr-5121	546	36	in	in	ADP
cblr-5121	546	37	challenges	challenge	NOUN
cblr-5121	546	38	brought	bring	VERB
cblr-5121	546	39	by	by	ADP
cblr-5121	546	40	legislators	legislator	NOUN
cblr-5121	546	41	,	,	PUNCT
cblr-5121	546	42	on	on	ADP
cblr-5121	546	43	the	the	DET
cblr-5121	546	44	availability	availability	NOUN
cblr-5121	546	45	of	of	ADP
cblr-5121	546	46	relief	relief	NOUN
cblr-5121	546	47	through	through	ADP
cblr-5121	546	48	the	the	DET
cblr-5121	546	49	political	political	ADJ
cblr-5121	546	50	process.146	process.146	NOUN
cblr-5121	546	51	while	while	SCONJ
cblr-5121	546	52	the	the	DET
cblr-5121	546	53	private	private	ADJ
cblr-5121	546	54	appointment	appointment	NOUN
cblr-5121	546	55	of	of	ADP
cblr-5121	546	56	the	the	DET
cblr-5121	546	57	federal	federal	PROPN
cblr-5121	546	58	reserve	reserve	PROPN
cblr-5121	546	59	bank	bank	PROPN
cblr-5121	546	60	of	of	ADP
cblr-5121	546	61	new	new	PROPN
cblr-5121	546	62	york	york	PROPN
cblr-5121	546	63	president	president	PROPN
cblr-5121	546	64	is	be	AUX
cblr-5121	546	65	the	the	DET
cblr-5121	546	66	most	most	ADV
cblr-5121	546	67	constitutionally	constitutionally	ADV
cblr-5121	546	68	troubling	troubling	ADJ
cblr-5121	546	69	,	,	PUNCT
cblr-5121	546	70	given	give	VERB
cblr-5121	546	71	the	the	DET
cblr-5121	546	72	new	new	PROPN
cblr-5121	546	73	york	york	PROPN
cblr-5121	546	74	fed	fed	PROPN
cblr-5121	546	75	president	president	PROPN
cblr-5121	546	76	’s	’s	PART
cblr-5121	546	77	permanent	permanent	ADJ
cblr-5121	546	78	seat	seat	NOUN
cblr-5121	546	79	on	on	ADP
cblr-5121	546	80	the	the	DET
cblr-5121	546	81	fomc	fomc	NOUN
cblr-5121	546	82	,	,	PUNCT
cblr-5121	546	83	their	their	PRON
cblr-5121	546	84	role	role	NOUN
cblr-5121	546	85	as	as	ADP
cblr-5121	546	86	vice	vice	NOUN
cblr-5121	546	87	chairman	chairman	NOUN
cblr-5121	546	88	of	of	ADP
cblr-5121	546	89	the	the	DET
cblr-5121	546	90	fomc	fomc	NOUN
cblr-5121	546	91	,	,	PUNCT
cblr-5121	546	92	and	and	CCONJ
cblr-5121	546	93	the	the	DET
cblr-5121	546	94	bank	bank	NOUN
cblr-5121	546	95	’s	’s	PART
cblr-5121	546	96	responsibility	responsibility	NOUN
cblr-5121	546	97	for	for	ADP
cblr-5121	546	98	the	the	DET
cblr-5121	546	99	implementation	implementation	NOUN
cblr-5121	546	100	of	of	ADP
cblr-5121	546	101	monetary	monetary	ADJ
cblr-5121	546	102	policy,147	policy,147	NOUN
cblr-5121	546	103	the	the	DET
cblr-5121	546	104	issue	issue	NOUN
cblr-5121	546	105	extends	extend	VERB
cblr-5121	546	106	beyond	beyond	ADP
cblr-5121	546	107	new	new	ADJ
cblr-5121	546	108	york.148	york.148	NOUN
cblr-5121	546	109	all	all	DET
cblr-5121	546	110	reserve	reserve	PROPN
cblr-5121	546	111	bank	bank	NOUN
cblr-5121	546	112	presidents	president	NOUN
cblr-5121	546	113	are	be	AUX
cblr-5121	546	114	appointed	appoint	VERB
cblr-5121	546	115	subject	subject	ADJ
cblr-5121	546	116	to	to	ADP
cblr-5121	546	117	the	the	DET
cblr-5121	546	118	same	same	ADJ
cblr-5121	546	119	board	board	NOUN
cblr-5121	546	120	-	-	PUNCT
cblr-5121	546	121	of	of	ADP
cblr-5121	546	122	-	-	PUNCT
cblr-5121	546	123	directors	director	NOUN
cblr-5121	546	124	-	-	PUNCT
cblr-5121	546	125	initiated	initiate	VERB
cblr-5121	546	126	process	process	NOUN
cblr-5121	546	127	,	,	PUNCT
cblr-5121	546	128	and	and	CCONJ
cblr-5121	546	129	each	each	PRON
cblr-5121	546	130	can	can	AUX
cblr-5121	546	131	serve	serve	VERB
cblr-5121	546	132	as	as	ADP
cblr-5121	546	133	a	a	DET
cblr-5121	546	134	voting	voting	NOUN
cblr-5121	546	135	member	member	NOUN
cblr-5121	546	136	of	of	ADP
cblr-5121	546	137	the	the	DET
cblr-5121	546	138	fomc	fomc	NOUN
cblr-5121	546	139	—	—	PUNCT
cblr-5121	546	140	a	a	DET
cblr-5121	546	141	responsibility	responsibility	NOUN
cblr-5121	546	142	in	in	ADP
cblr-5121	546	143	which	which	PRON
cblr-5121	546	144	they	they	PRON
cblr-5121	546	145	have	have	VERB
cblr-5121	546	146	no	no	DET
cblr-5121	546	147	overseer.149	overseer.149	NOUN
cblr-5121	546	148	in	in	ADP
cblr-5121	546	149	addition	addition	NOUN
cblr-5121	546	150	to	to	ADP
cblr-5121	546	151	the	the	DET
cblr-5121	546	152	constitutional	constitutional	ADJ
cblr-5121	546	153	problem	problem	NOUN
cblr-5121	546	154	associated	associate	VERB
cblr-5121	546	155	with	with	ADP
cblr-5121	546	156	the	the	DET
cblr-5121	546	157	private	private	ADJ
cblr-5121	546	158	appointment	appointment	NOUN
cblr-5121	546	159	of	of	ADP
cblr-5121	546	160	federal	federal	PROPN
cblr-5121	546	161	reserve	reserve	PROPN
cblr-5121	546	162	bank	bank	PROPN
cblr-5121	546	163	presidents	president	NOUN
cblr-5121	546	164	,	,	PUNCT
cblr-5121	546	165	the	the	DET
cblr-5121	546	166	removal	removal	NOUN
cblr-5121	546	167	protections	protection	NOUN
cblr-5121	546	168	afforded	afford	VERB
cblr-5121	546	169	to	to	ADP
cblr-5121	546	170	the	the	DET
cblr-5121	546	171	presidents	president	NOUN
cblr-5121	546	172	raises	raise	VERB
cblr-5121	546	173	146	146	NUM
cblr-5121	546	174	see	see	VERB
cblr-5121	546	175	melcher	melcher	NOUN
cblr-5121	546	176	v.	v.	ADP
cblr-5121	546	177	fed	fed	PROPN
cblr-5121	546	178	.	.	PUNCT
cblr-5121	547	1	open	open	PROPN
cblr-5121	547	2	mkt	mkt	PROPN
cblr-5121	547	3	.	.	PROPN
cblr-5121	547	4	comm	comm	NOUN
cblr-5121	547	5	.	.	PUNCT
cblr-5121	548	1	,	,	PUNCT
cblr-5121	548	2	836	836	NUM
cblr-5121	548	3	f.2d	f.2d	ADP
cblr-5121	548	4	561	561	NUM
cblr-5121	548	5	,	,	PUNCT
cblr-5121	548	6	565	565	NUM
cblr-5121	548	7	(	(	PUNCT
cblr-5121	548	8	d.c	d.c	PROPN
cblr-5121	548	9	.	.	PROPN
cblr-5121	548	10	cir	cir	PROPN
cblr-5121	548	11	.	.	PROPN
cblr-5121	548	12	1987	1987	NUM
cblr-5121	548	13	)	)	PUNCT
cblr-5121	549	1	(	(	PUNCT
cblr-5121	549	2	dismissing	dismiss	VERB
cblr-5121	549	3	based	base	VERB
cblr-5121	549	4	on	on	ADP
cblr-5121	549	5	riegle	riegle	ADJ
cblr-5121	549	6	)	)	PUNCT
cblr-5121	549	7	;	;	PUNCT
cblr-5121	550	1	comm	comm	NOUN
cblr-5121	550	2	.	.	PUNCT
cblr-5121	551	1	for	for	ADP
cblr-5121	551	2	monetary	monetary	ADJ
cblr-5121	551	3	reform	reform	NOUN
cblr-5121	551	4	v.	v.	ADP
cblr-5121	551	5	bd	bd	PROPN
cblr-5121	551	6	.	.	PROPN
cblr-5121	551	7	of	of	ADP
cblr-5121	551	8	governors	governor	NOUN
cblr-5121	551	9	of	of	ADP
cblr-5121	551	10	the	the	DET
cblr-5121	551	11	fed	fed	PROPN
cblr-5121	551	12	.	.	PUNCT
cblr-5121	551	13	reserve	reserve	PROPN
cblr-5121	551	14	sys	sys	PROPN
cblr-5121	551	15	.	.	PROPN
cblr-5121	551	16	,	,	PUNCT
cblr-5121	551	17	766	766	NUM
cblr-5121	551	18	f.2d	f.2d	X
cblr-5121	551	19	538	538	NUM
cblr-5121	551	20	,	,	PUNCT
cblr-5121	551	21	544	544	NUM
cblr-5121	551	22	(	(	PUNCT
cblr-5121	551	23	d.c	d.c	PROPN
cblr-5121	551	24	.	.	PROPN
cblr-5121	551	25	cir	cir	PROPN
cblr-5121	551	26	.	.	PROPN
cblr-5121	551	27	1985	1985	NUM
cblr-5121	551	28	)	)	PUNCT
cblr-5121	551	29	(	(	PUNCT
cblr-5121	551	30	dismissing	dismiss	VERB
cblr-5121	551	31	for	for	ADP
cblr-5121	551	32	lack	lack	NOUN
cblr-5121	551	33	of	of	ADP
cblr-5121	551	34	standing	standing	NOUN
cblr-5121	551	35	)	)	PUNCT
cblr-5121	551	36	;	;	PUNCT
cblr-5121	551	37	riegle	riegle	VERB
cblr-5121	551	38	v.	v.	ADP
cblr-5121	551	39	fed	fed	PROPN
cblr-5121	551	40	.	.	PUNCT
cblr-5121	552	1	open	open	PROPN
cblr-5121	552	2	mkt	mkt	PROPN
cblr-5121	552	3	.	.	PROPN
cblr-5121	552	4	comm	comm	NOUN
cblr-5121	552	5	.	.	PUNCT
cblr-5121	553	1	,	,	PUNCT
cblr-5121	553	2	656	656	NUM
cblr-5121	553	3	f.2d	f.2d	NUM
cblr-5121	553	4	873	873	NUM
cblr-5121	553	5	,	,	PUNCT
cblr-5121	553	6	882	882	NUM
cblr-5121	553	7	(	(	PUNCT
cblr-5121	553	8	d.c	d.c	PROPN
cblr-5121	553	9	.	.	PROPN
cblr-5121	553	10	cir	cir	PROPN
cblr-5121	553	11	.	.	PROPN
cblr-5121	553	12	1981	1981	NUM
cblr-5121	553	13	)	)	PUNCT
cblr-5121	554	1	(	(	PUNCT
cblr-5121	554	2	dismissing	dismiss	VERB
cblr-5121	554	3	legislator	legislator	NOUN
cblr-5121	554	4	complaint	complaint	NOUN
cblr-5121	554	5	based	base	VERB
cblr-5121	554	6	on	on	ADP
cblr-5121	554	7	availability	availability	NOUN
cblr-5121	554	8	of	of	ADP
cblr-5121	554	9	relief	relief	NOUN
cblr-5121	554	10	through	through	ADP
cblr-5121	554	11	congressional	congressional	ADJ
cblr-5121	554	12	action	action	NOUN
cblr-5121	554	13	)	)	PUNCT
cblr-5121	554	14	;	;	PUNCT
cblr-5121	554	15	reuss	reuss	PROPN
cblr-5121	554	16	v.	v.	ADP
cblr-5121	554	17	balles	balle	NOUN
cblr-5121	554	18	,	,	PUNCT
cblr-5121	554	19	584	584	NUM
cblr-5121	554	20	f.2d	f.2d	NUM
cblr-5121	554	21	461	461	NUM
cblr-5121	554	22	,	,	PUNCT
cblr-5121	554	23	471	471	NUM
cblr-5121	554	24	(	(	PUNCT
cblr-5121	554	25	d.c	d.c	PROPN
cblr-5121	554	26	.	.	PROPN
cblr-5121	554	27	cir	cir	PROPN
cblr-5121	554	28	.	.	PROPN
cblr-5121	554	29	1978	1978	NUM
cblr-5121	554	30	)	)	PUNCT
cblr-5121	554	31	(	(	PUNCT
cblr-5121	554	32	dismissing	dismiss	VERB
cblr-5121	554	33	for	for	ADP
cblr-5121	554	34	lack	lack	NOUN
cblr-5121	554	35	of	of	ADP
cblr-5121	554	36	standing	stand	VERB
cblr-5121	554	37	as	as	ADP
cblr-5121	554	38	either	either	PRON
cblr-5121	554	39	legislator	legislator	NOUN
cblr-5121	554	40	or	or	CCONJ
cblr-5121	554	41	bondholder	bondholder	NOUN
cblr-5121	554	42	)	)	PUNCT
cblr-5121	554	43	.	.	PUNCT
cblr-5121	555	1	see	see	VERB
cblr-5121	555	2	also	also	ADV
cblr-5121	555	3	conti	conti	ADJ
cblr-5121	555	4	-	-	ADJ
cblr-5121	555	5	brown	brown	ADJ
cblr-5121	555	6	,	,	PUNCT
cblr-5121	555	7	supra	supra	PROPN
cblr-5121	555	8	note	note	NOUN
cblr-5121	555	9	73	73	NUM
cblr-5121	555	10	,	,	PUNCT
cblr-5121	555	11	at	at	ADP
cblr-5121	555	12	305–07	305–07	NUM
cblr-5121	555	13	(	(	PUNCT
cblr-5121	555	14	“	"	PUNCT
cblr-5121	555	15	[	[	X
cblr-5121	555	16	l]egal	l]egal	ADJ
cblr-5121	555	17	doctrines	doctrine	NOUN
cblr-5121	555	18	that	that	PRON
cblr-5121	555	19	have	have	VERB
cblr-5121	555	20	nothing	nothing	PRON
cblr-5121	555	21	to	to	PART
cblr-5121	555	22	do	do	VERB
cblr-5121	555	23	with	with	ADP
cblr-5121	555	24	the	the	DET
cblr-5121	555	25	federal	federal	PROPN
cblr-5121	555	26	reserve	reserve	PROPN
cblr-5121	555	27	act	act	PROPN
cblr-5121	555	28	have	have	AUX
cblr-5121	555	29	created	create	VERB
cblr-5121	555	30	a	a	DET
cblr-5121	555	31	kind	kind	NOUN
cblr-5121	555	32	of	of	ADP
cblr-5121	555	33	hedge	hedge	NOUN
cblr-5121	555	34	around	around	ADP
cblr-5121	555	35	fed	fed	PROPN
cblr-5121	555	36	independence	independence	NOUN
cblr-5121	555	37	that	that	PRON
cblr-5121	555	38	is	be	AUX
cblr-5121	555	39	simultaneously	simultaneously	ADV
cblr-5121	555	40	a	a	DET
cblr-5121	555	41	legal	legal	ADJ
cblr-5121	555	42	and	and	CCONJ
cblr-5121	555	43	non	non	ADJ
cblr-5121	555	44	-	-	ADJ
cblr-5121	555	45	legal	legal	ADJ
cblr-5121	555	46	mechanism	mechanism	NOUN
cblr-5121	555	47	.	.	PUNCT
cblr-5121	555	48	”	"	PUNCT
cblr-5121	555	49	)	)	PUNCT
cblr-5121	555	50	.	.	PUNCT
cblr-5121	556	1	147	147	NUM
cblr-5121	556	2	monetary	monetary	ADJ
cblr-5121	556	3	policy	policy	NOUN
cblr-5121	556	4	implementation	implementation	NOUN
cblr-5121	556	5	,	,	PUNCT
cblr-5121	556	6	fed	fed	PROPN
cblr-5121	556	7	.	.	PROPN
cblr-5121	556	8	reserve	reserve	PROPN
cblr-5121	556	9	bank	bank	PROPN
cblr-5121	556	10	n.y	n.y	PROPN
cblr-5121	556	11	.	.	PROPN
cblr-5121	556	12	,	,	PUNCT
cblr-5121	556	13	https://www.newyorkfed.org/markets/domestic-marketoperations/monetary-policy-implementation	https://www.newyorkfed.org/markets/domestic-marketoperations/monetary-policy-implementation	X
cblr-5121	557	1	[	[	X
cblr-5121	557	2	https://perma.cc/53n49wav	https://perma.cc/53n49wav	X
cblr-5121	557	3	]	]	X
cblr-5121	557	4	.	.	PUNCT
cblr-5121	558	1	148	148	NUM
cblr-5121	558	2	see	see	VERB
cblr-5121	558	3	peter	peter	PROPN
cblr-5121	558	4	conti	conti	PROPN
cblr-5121	558	5	-	-	ADJ
cblr-5121	558	6	brown	brown	ADJ
cblr-5121	558	7	,	,	PUNCT
cblr-5121	558	8	supra	supra	PROPN
cblr-5121	558	9	note	note	NOUN
cblr-5121	558	10	13	13	NUM
cblr-5121	558	11	,	,	PUNCT
cblr-5121	558	12	at	at	ADP
cblr-5121	558	13	257–58	257–58	NUM
cblr-5121	558	14	;	;	PUNCT
cblr-5121	558	15	conti	conti	NOUN
cblr-5121	558	16	-	-	ADJ
cblr-5121	558	17	brown	brown	ADJ
cblr-5121	558	18	,	,	PUNCT
cblr-5121	558	19	supra	supra	PROPN
cblr-5121	558	20	note	note	NOUN
cblr-5121	558	21	73	73	NUM
cblr-5121	558	22	,	,	PUNCT
cblr-5121	558	23	at	at	ADP
cblr-5121	558	24	301	301	NUM
cblr-5121	558	25	.	.	PUNCT
cblr-5121	559	1	conti	conti	NOUN
cblr-5121	559	2	-	-	ADJ
cblr-5121	559	3	brown	brown	ADJ
cblr-5121	559	4	also	also	ADV
cblr-5121	559	5	raises	raise	VERB
cblr-5121	559	6	the	the	DET
cblr-5121	559	7	concern	concern	NOUN
cblr-5121	559	8	that	that	SCONJ
cblr-5121	559	9	some	some	DET
cblr-5121	559	10	financial	financial	ADJ
cblr-5121	559	11	institutions	institution	NOUN
cblr-5121	559	12	,	,	PUNCT
cblr-5121	559	13	including	include	VERB
cblr-5121	559	14	wells	wells	PROPN
cblr-5121	559	15	fargo	fargo	PROPN
cblr-5121	559	16	and	and	CCONJ
cblr-5121	559	17	bank	bank	PROPN
cblr-5121	559	18	of	of	ADP
cblr-5121	559	19	america	america	PROPN
cblr-5121	559	20	,	,	PUNCT
cblr-5121	559	21	are	be	AUX
cblr-5121	559	22	not	not	PART
cblr-5121	559	23	supervised	supervise	VERB
cblr-5121	559	24	by	by	ADP
cblr-5121	559	25	the	the	DET
cblr-5121	559	26	federal	federal	PROPN
cblr-5121	559	27	reserve	reserve	PROPN
cblr-5121	559	28	bank	bank	PROPN
cblr-5121	559	29	of	of	ADP
cblr-5121	559	30	new	new	PROPN
cblr-5121	559	31	york	york	PROPN
cblr-5121	559	32	,	,	PUNCT
cblr-5121	559	33	and	and	CCONJ
cblr-5121	559	34	that	that	SCONJ
cblr-5121	559	35	other	other	ADJ
cblr-5121	559	36	banks	bank	NOUN
cblr-5121	559	37	can	can	AUX
cblr-5121	559	38	“	"	PUNCT
cblr-5121	559	39	move	move	VERB
cblr-5121	559	40	their	their	PRON
cblr-5121	559	41	identity	identity	NOUN
cblr-5121	559	42	to	to	ADP
cblr-5121	559	43	a	a	DET
cblr-5121	559	44	more	more	ADV
cblr-5121	559	45	sympathetic	sympathetic	ADJ
cblr-5121	559	46	federal	federal	PROPN
cblr-5121	559	47	reserve	reserve	PROPN
cblr-5121	559	48	district	district	PROPN
cblr-5121	559	49	where	where	SCONJ
cblr-5121	559	50	they	they	PRON
cblr-5121	559	51	could	could	AUX
cblr-5121	559	52	have	have	VERB
cblr-5121	559	53	a	a	DET
cblr-5121	559	54	say	say	NOUN
cblr-5121	559	55	in	in	ADP
cblr-5121	559	56	selecting	select	VERB
cblr-5121	559	57	their	their	PRON
cblr-5121	559	58	regulatory	regulatory	ADJ
cblr-5121	559	59	overseer	overseer	NOUN
cblr-5121	559	60	.	.	PUNCT
cblr-5121	559	61	”	"	PUNCT
cblr-5121	560	1	contibrown	contibrown	PROPN
cblr-5121	560	2	,	,	PUNCT
cblr-5121	560	3	supra	supra	PROPN
cblr-5121	560	4	note	note	NOUN
cblr-5121	560	5	13	13	NUM
cblr-5121	560	6	,	,	PUNCT
cblr-5121	560	7	at	at	ADP
cblr-5121	560	8	258	258	NUM
cblr-5121	560	9	.	.	NOUN
cblr-5121	560	10	149	149	NUM
cblr-5121	560	11	see	see	VERB
cblr-5121	560	12	conti	conti	ADJ
cblr-5121	560	13	-	-	ADJ
cblr-5121	560	14	brown	brown	ADJ
cblr-5121	560	15	,	,	PUNCT
cblr-5121	560	16	supra	supra	PROPN
cblr-5121	560	17	note	note	NOUN
cblr-5121	560	18	73	73	NUM
cblr-5121	560	19	,	,	PUNCT
cblr-5121	560	20	at	at	ADP
cblr-5121	560	21	300–02	300–02	NUM
cblr-5121	560	22	.	.	PUNCT
cblr-5121	561	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	561	2	(	(	PUNCT
cblr-5121	561	3	do	do	AUX
cblr-5121	561	4	not	not	PART
cblr-5121	561	5	delete	delete	VERB
cblr-5121	561	6	)	)	PUNCT
cblr-5121	561	7	1/3/2020	1/3/2020	NUM
cblr-5121	561	8	4:04	4:04	NUM
cblr-5121	561	9	pm	pm	NOUN
cblr-5121	561	10	no	no	NOUN
cblr-5121	561	11	.	.	PUNCT
cblr-5121	562	1	3:1123	3:1123	NUM
cblr-5121	562	2	]	]	PUNCT
cblr-5121	562	3	insider	insider	NOUN
cblr-5121	562	4	interest	interest	NOUN
cblr-5121	562	5	,	,	PUNCT
cblr-5121	562	6	not	not	PART
cblr-5121	562	7	industry	industry	NOUN
cblr-5121	562	8	influence	influence	NOUN
cblr-5121	562	9	1157	1157	NUM
cblr-5121	562	10	further	further	ADJ
cblr-5121	562	11	constitutional	constitutional	ADJ
cblr-5121	562	12	concerns	concern	NOUN
cblr-5121	562	13	.	.	PUNCT
cblr-5121	563	1	although	although	SCONJ
cblr-5121	563	2	the	the	DET
cblr-5121	563	3	reserve	reserve	PROPN
cblr-5121	563	4	bank	bank	PROPN
cblr-5121	563	5	presidents	president	NOUN
cblr-5121	563	6	are	be	AUX
cblr-5121	563	7	removable	removable	ADJ
cblr-5121	563	8	at	at	ADP
cblr-5121	563	9	will	will	AUX
cblr-5121	563	10	by	by	ADP
cblr-5121	563	11	their	their	PRON
cblr-5121	563	12	boards	board	NOUN
cblr-5121	563	13	of	of	ADP
cblr-5121	563	14	directors	director	NOUN
cblr-5121	563	15	,	,	PUNCT
cblr-5121	563	16	they	they	PRON
cblr-5121	563	17	are	be	AUX
cblr-5121	563	18	removable	removable	ADJ
cblr-5121	563	19	only	only	ADV
cblr-5121	563	20	for	for	ADP
cblr-5121	563	21	cause	cause	NOUN
cblr-5121	563	22	by	by	ADP
cblr-5121	563	23	the	the	DET
cblr-5121	563	24	board	board	NOUN
cblr-5121	563	25	of	of	ADP
cblr-5121	563	26	governors	governor	NOUN
cblr-5121	563	27	,	,	PUNCT
cblr-5121	563	28	who	who	PRON
cblr-5121	563	29	are	be	AUX
cblr-5121	563	30	likewise	likewise	ADV
cblr-5121	563	31	insulated	insulate	VERB
cblr-5121	563	32	with	with	ADP
cblr-5121	563	33	for	for	ADP
cblr-5121	563	34	-	-	PUNCT
cblr-5121	563	35	cause	cause	NOUN
cblr-5121	563	36	protection.150	protection.150	NOUN
cblr-5121	563	37	consequently	consequently	ADV
cblr-5121	563	38	,	,	PUNCT
cblr-5121	563	39	this	this	DET
cblr-5121	563	40	arrangement	arrangement	NOUN
cblr-5121	563	41	may	may	AUX
cblr-5121	563	42	run	run	VERB
cblr-5121	563	43	afoul	afoul	ADV
cblr-5121	563	44	of	of	ADP
cblr-5121	563	45	the	the	DET
cblr-5121	563	46	separation	separation	NOUN
cblr-5121	563	47	of	of	ADP
cblr-5121	563	48	powers	power	NOUN
cblr-5121	563	49	boundary	boundary	ADJ
cblr-5121	563	50	demarcated	demarcate	VERB
cblr-5121	563	51	in	in	ADP
cblr-5121	563	52	free	free	ADJ
cblr-5121	563	53	enterprise	enterprise	NOUN
cblr-5121	563	54	fund	fund	NOUN
cblr-5121	563	55	:	:	PUNCT
cblr-5121	563	56	two	two	NUM
cblr-5121	563	57	layers	layer	NOUN
cblr-5121	563	58	of	of	ADP
cblr-5121	563	59	for	for	ADP
cblr-5121	563	60	-	-	PUNCT
cblr-5121	563	61	cause	cause	NOUN
cblr-5121	563	62	removal	removal	NOUN
cblr-5121	563	63	protection	protection	NOUN
cblr-5121	563	64	,	,	PUNCT
cblr-5121	563	65	which	which	PRON
cblr-5121	563	66	“	"	PUNCT
cblr-5121	563	67	subverts	subvert	VERB
cblr-5121	563	68	the	the	DET
cblr-5121	563	69	president	president	NOUN
cblr-5121	563	70	’s	’s	PART
cblr-5121	563	71	ability	ability	NOUN
cblr-5121	563	72	to	to	PART
cblr-5121	563	73	ensure	ensure	VERB
cblr-5121	563	74	that	that	SCONJ
cblr-5121	563	75	the	the	DET
cblr-5121	563	76	laws	law	NOUN
cblr-5121	563	77	are	be	AUX
cblr-5121	563	78	faithfully	faithfully	ADV
cblr-5121	563	79	executed	execute	VERB
cblr-5121	563	80	.	.	PUNCT
cblr-5121	563	81	”151	”151	PUNCT
cblr-5121	564	1	although	although	SCONJ
cblr-5121	564	2	the	the	DET
cblr-5121	564	3	authority	authority	NOUN
cblr-5121	564	4	of	of	ADP
cblr-5121	564	5	the	the	DET
cblr-5121	564	6	reserve	reserve	PROPN
cblr-5121	564	7	bank	bank	PROPN
cblr-5121	564	8	boards	board	NOUN
cblr-5121	564	9	of	of	ADP
cblr-5121	564	10	directors	director	NOUN
cblr-5121	564	11	,	,	PUNCT
cblr-5121	564	12	who	who	PRON
cblr-5121	564	13	can	can	AUX
cblr-5121	564	14	remove	remove	VERB
cblr-5121	564	15	the	the	DET
cblr-5121	564	16	presidents	president	NOUN
cblr-5121	564	17	at	at	ADP
cblr-5121	564	18	will	will	AUX
cblr-5121	564	19	,	,	PUNCT
cblr-5121	564	20	may	may	AUX
cblr-5121	564	21	alleviate	alleviate	VERB
cblr-5121	564	22	the	the	DET
cblr-5121	564	23	free	free	ADJ
cblr-5121	564	24	enterprise	enterprise	NOUN
cblr-5121	564	25	fund	fund	NOUN
cblr-5121	564	26	problem	problem	NOUN
cblr-5121	564	27	associated	associate	VERB
cblr-5121	564	28	with	with	ADP
cblr-5121	564	29	these	these	DET
cblr-5121	564	30	layered	layered	ADJ
cblr-5121	564	31	removal	removal	NOUN
cblr-5121	564	32	protections	protection	NOUN
cblr-5121	564	33	,	,	PUNCT
cblr-5121	564	34	it	it	PRON
cblr-5121	564	35	is	be	AUX
cblr-5121	564	36	likely	likely	ADV
cblr-5121	564	37	insufficient	insufficient	ADJ
cblr-5121	564	38	to	to	PART
cblr-5121	564	39	remedy	remedy	VERB
cblr-5121	564	40	the	the	DET
cblr-5121	564	41	separation	separation	NOUN
cblr-5121	564	42	of	of	ADP
cblr-5121	564	43	powers	power	NOUN
cblr-5121	564	44	concerns	concern	NOUN
cblr-5121	564	45	implicated	implicate	VERB
cblr-5121	564	46	by	by	ADP
cblr-5121	564	47	the	the	DET
cblr-5121	564	48	process	process	NOUN
cblr-5121	564	49	for	for	ADP
cblr-5121	564	50	removing	remove	VERB
cblr-5121	564	51	reserve	reserve	NOUN
cblr-5121	564	52	bank	bank	NOUN
cblr-5121	564	53	presidents	president	NOUN
cblr-5121	564	54	—	—	PUNCT
cblr-5121	564	55	ultimate	ultimate	ADJ
cblr-5121	564	56	removal	removal	NOUN
cblr-5121	564	57	authority	authority	NOUN
cblr-5121	564	58	is	be	AUX
cblr-5121	564	59	still	still	ADV
cblr-5121	564	60	vested	vest	VERB
cblr-5121	564	61	in	in	ADP
cblr-5121	564	62	another	another	DET
cblr-5121	564	63	entity	entity	NOUN
cblr-5121	564	64	that	that	PRON
cblr-5121	564	65	does	do	AUX
cblr-5121	564	66	not	not	PART
cblr-5121	564	67	answer	answer	VERB
cblr-5121	564	68	to	to	ADP
cblr-5121	564	69	the	the	DET
cblr-5121	564	70	president.152	president.152	PROPN
cblr-5121	564	71	b.	b.	PROPN
cblr-5121	565	1	the	the	DET
cblr-5121	565	2	limitations	limitation	NOUN
cblr-5121	565	3	of	of	ADP
cblr-5121	565	4	the	the	DET
cblr-5121	565	5	appointments	appointment	NOUN
cblr-5121	565	6	and	and	CCONJ
cblr-5121	565	7	removal	removal	NOUN
cblr-5121	565	8	framework	framework	NOUN
cblr-5121	565	9	while	while	SCONJ
cblr-5121	565	10	the	the	DET
cblr-5121	565	11	appointment	appointment	NOUN
cblr-5121	565	12	and	and	CCONJ
cblr-5121	565	13	removal	removal	NOUN
cblr-5121	565	14	procedures	procedure	NOUN
cblr-5121	565	15	for	for	ADP
cblr-5121	565	16	the	the	DET
cblr-5121	565	17	reserve	reserve	PROPN
cblr-5121	565	18	bank	bank	PROPN
cblr-5121	565	19	presidents	president	NOUN
cblr-5121	565	20	,	,	PUNCT
cblr-5121	565	21	coupled	couple	VERB
cblr-5121	565	22	with	with	ADP
cblr-5121	565	23	the	the	DET
cblr-5121	565	24	decreasing	decrease	VERB
cblr-5121	565	25	importance	importance	NOUN
cblr-5121	565	26	of	of	ADP
cblr-5121	565	27	the	the	DET
cblr-5121	565	28	reserve	reserve	NOUN
cblr-5121	565	29	banks	bank	NOUN
cblr-5121	565	30	within	within	ADP
cblr-5121	565	31	the	the	DET
cblr-5121	565	32	federal	federal	PROPN
cblr-5121	565	33	reserve	reserve	PROPN
cblr-5121	565	34	system	system	NOUN
cblr-5121	565	35	,	,	PUNCT
cblr-5121	565	36	may	may	AUX
cblr-5121	565	37	render	render	VERB
cblr-5121	565	38	the	the	DET
cblr-5121	565	39	reserve	reserve	NOUN
cblr-5121	565	40	banks	bank	NOUN
cblr-5121	565	41	“	"	PUNCT
cblr-5121	565	42	vestigial	vestigial	ADJ
cblr-5121	565	43	”	"	PUNCT
cblr-5121	565	44	and	and	CCONJ
cblr-5121	565	45	unconstitutional,153	unconstitutional,153	VERB
cblr-5121	565	46	the	the	DET
cblr-5121	565	47	effects	effect	NOUN
cblr-5121	565	48	of	of	ADP
cblr-5121	565	49	the	the	DET
cblr-5121	565	50	reserve	reserve	NOUN
cblr-5121	565	51	banks	bank	NOUN
cblr-5121	565	52	’	'	PUNCT
cblr-5121	565	53	institutional	institutional	ADJ
cblr-5121	565	54	features	feature	NOUN
cblr-5121	565	55	are	be	AUX
cblr-5121	565	56	potentially	potentially	ADV
cblr-5121	565	57	more	more	ADV
cblr-5121	565	58	complicated	complicated	ADJ
cblr-5121	565	59	than	than	ADP
cblr-5121	565	60	prior	prior	ADJ
cblr-5121	565	61	treatment	treatment	NOUN
cblr-5121	565	62	has	have	AUX
cblr-5121	565	63	indicated	indicate	VERB
cblr-5121	565	64	.	.	PUNCT
cblr-5121	566	1	as	as	SCONJ
cblr-5121	566	2	outlined	outline	VERB
cblr-5121	566	3	above	above	ADV
cblr-5121	566	4	,	,	PUNCT
cblr-5121	566	5	challenges	challenge	NOUN
cblr-5121	566	6	to	to	ADP
cblr-5121	566	7	the	the	DET
cblr-5121	566	8	constitutionality	constitutionality	NOUN
cblr-5121	566	9	of	of	ADP
cblr-5121	566	10	the	the	DET
cblr-5121	566	11	appointments	appointment	NOUN
cblr-5121	566	12	procedure	procedure	NOUN
cblr-5121	566	13	for	for	ADP
cblr-5121	566	14	federal	federal	PROPN
cblr-5121	566	15	reserve	reserve	PROPN
cblr-5121	566	16	bank	bank	PROPN
cblr-5121	566	17	presidents	president	NOUN
cblr-5121	566	18	were	be	AUX
cblr-5121	566	19	decided	decide	VERB
cblr-5121	566	20	without	without	ADP
cblr-5121	566	21	any	any	DET
cblr-5121	566	22	constitutional	constitutional	ADJ
cblr-5121	566	23	resolution	resolution	NOUN
cblr-5121	566	24	,	,	PUNCT
cblr-5121	566	25	creating	create	VERB
cblr-5121	566	26	a	a	DET
cblr-5121	566	27	“	"	PUNCT
cblr-5121	566	28	judicial	judicial	ADJ
cblr-5121	566	29	hedge	hedge	NOUN
cblr-5121	566	30	around	around	ADP
cblr-5121	566	31	fed	fed	PROPN
cblr-5121	566	32	independence	independence	NOUN
cblr-5121	566	33	.	.	PUNCT
cblr-5121	567	1	”154	”154	VERB
cblr-5121	567	2	this	this	DET
cblr-5121	567	3	pattern	pattern	NOUN
cblr-5121	567	4	of	of	ADP
cblr-5121	567	5	dismissing	dismiss	VERB
cblr-5121	567	6	the	the	DET
cblr-5121	567	7	150	150	NUM
cblr-5121	567	8	see	see	NOUN
cblr-5121	567	9	12	12	NUM
cblr-5121	567	10	u.s.c	u.s.c	ADJ
cblr-5121	567	11	.	.	PUNCT
cblr-5121	568	1	§	§	PROPN
cblr-5121	568	2	§	§	PROPN
cblr-5121	568	3	242	242	NUM
cblr-5121	568	4	,	,	PUNCT
cblr-5121	568	5	248(f	248(f	PROPN
cblr-5121	568	6	)	)	PUNCT
cblr-5121	568	7	(	(	PUNCT
cblr-5121	568	8	2012	2012	NUM
cblr-5121	568	9	)	)	PUNCT
cblr-5121	568	10	.	.	PUNCT
cblr-5121	569	1	151	151	NUM
cblr-5121	569	2	free	free	ADJ
cblr-5121	569	3	enter	enter	NOUN
cblr-5121	569	4	.	.	PUNCT
cblr-5121	570	1	fund	fund	NOUN
cblr-5121	570	2	v.	v.	ADP
cblr-5121	570	3	pub	pub	NOUN
cblr-5121	570	4	.	.	PUNCT
cblr-5121	571	1	co.	co.	PROPN
cblr-5121	571	2	accounting	accounting	NOUN
cblr-5121	571	3	oversight	oversight	NOUN
cblr-5121	571	4	bd	bd	PROPN
cblr-5121	571	5	.	.	PROPN
cblr-5121	571	6	,	,	PUNCT
cblr-5121	571	7	561	561	NUM
cblr-5121	571	8	u.s	u.s	PROPN
cblr-5121	571	9	.	.	PROPN
cblr-5121	571	10	477	477	NUM
cblr-5121	571	11	,	,	PUNCT
cblr-5121	571	12	498	498	NUM
cblr-5121	571	13	(	(	PUNCT
cblr-5121	571	14	2010	2010	NUM
cblr-5121	571	15	)	)	PUNCT
cblr-5121	571	16	.	.	PUNCT
cblr-5121	572	1	see	see	VERB
cblr-5121	572	2	also	also	ADV
cblr-5121	572	3	conti	conti	ADJ
cblr-5121	572	4	-	-	ADJ
cblr-5121	572	5	brown	brown	ADJ
cblr-5121	572	6	,	,	PUNCT
cblr-5121	572	7	supra	supra	PROPN
cblr-5121	572	8	note	note	NOUN
cblr-5121	572	9	73	73	NUM
cblr-5121	572	10	,	,	PUNCT
cblr-5121	572	11	at	at	ADP
cblr-5121	572	12	302–03	302–03	PROPN
cblr-5121	572	13	.	.	PUNCT
cblr-5121	573	1	152	152	NUM
cblr-5121	573	2	see	see	VERB
cblr-5121	573	3	free	free	ADJ
cblr-5121	573	4	enter	enter	NOUN
cblr-5121	573	5	.	.	PUNCT
cblr-5121	574	1	fund	fund	NOUN
cblr-5121	574	2	,	,	PUNCT
cblr-5121	574	3	561	561	NUM
cblr-5121	574	4	u.s	u.s	PROPN
cblr-5121	574	5	.	.	PROPN
cblr-5121	574	6	at	at	ADP
cblr-5121	574	7	496	496	NUM
cblr-5121	574	8	(	(	PUNCT
cblr-5121	574	9	invalidating	invalidate	VERB
cblr-5121	574	10	an	an	DET
cblr-5121	574	11	arrangement	arrangement	NOUN
cblr-5121	574	12	where	where	SCONJ
cblr-5121	574	13	“	"	PUNCT
cblr-5121	574	14	[	[	X
cblr-5121	574	15	n]either	n]either	ADP
cblr-5121	574	16	the	the	DET
cblr-5121	574	17	president	president	NOUN
cblr-5121	574	18	,	,	PUNCT
cblr-5121	574	19	nor	nor	CCONJ
cblr-5121	574	20	anyone	anyone	PRON
cblr-5121	574	21	directly	directly	ADV
cblr-5121	574	22	responsible	responsible	ADJ
cblr-5121	574	23	to	to	ADP
cblr-5121	574	24	him	he	PRON
cblr-5121	574	25	,	,	PUNCT
cblr-5121	574	26	nor	nor	CCONJ
cblr-5121	574	27	even	even	ADV
cblr-5121	574	28	an	an	DET
cblr-5121	574	29	officer	officer	NOUN
cblr-5121	574	30	whose	whose	DET
cblr-5121	574	31	conduct	conduct	NOUN
cblr-5121	574	32	he	he	PRON
cblr-5121	574	33	may	may	AUX
cblr-5121	574	34	review	review	VERB
cblr-5121	574	35	only	only	ADV
cblr-5121	574	36	for	for	ADP
cblr-5121	574	37	good	good	ADJ
cblr-5121	574	38	cause	cause	NOUN
cblr-5121	574	39	,	,	PUNCT
cblr-5121	574	40	has	have	VERB
cblr-5121	574	41	full	full	ADJ
cblr-5121	574	42	control	control	NOUN
cblr-5121	574	43	over	over	ADP
cblr-5121	574	44	the	the	DET
cblr-5121	574	45	board	board	NOUN
cblr-5121	574	46	”	"	PUNCT
cblr-5121	574	47	)	)	PUNCT
cblr-5121	574	48	.	.	PUNCT
cblr-5121	575	1	153	153	NUM
cblr-5121	575	2	conti	conti	ADJ
cblr-5121	575	3	-	-	ADJ
cblr-5121	575	4	brown	brown	ADJ
cblr-5121	575	5	,	,	PUNCT
cblr-5121	575	6	supra	supra	PROPN
cblr-5121	575	7	note	note	PROPN
cblr-5121	575	8	103	103	NUM
cblr-5121	575	9	,	,	PUNCT
cblr-5121	575	10	at	at	ADP
cblr-5121	575	11	1	1	NUM
cblr-5121	575	12	,	,	PUNCT
cblr-5121	575	13	14	14	NUM
cblr-5121	575	14	.	.	NOUN
cblr-5121	575	15	154	154	NUM
cblr-5121	575	16	conti	conti	ADJ
cblr-5121	575	17	-	-	ADJ
cblr-5121	575	18	brown	brown	ADJ
cblr-5121	575	19	,	,	PUNCT
cblr-5121	575	20	supra	supra	PROPN
cblr-5121	575	21	note	note	NOUN
cblr-5121	575	22	73	73	NUM
cblr-5121	575	23	,	,	PUNCT
cblr-5121	575	24	at	at	ADP
cblr-5121	575	25	305	305	NUM
cblr-5121	575	26	.	.	PUNCT
cblr-5121	576	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	576	2	(	(	PUNCT
cblr-5121	576	3	do	do	AUX
cblr-5121	576	4	not	not	PART
cblr-5121	576	5	delte	delte	VERB
cblr-5121	576	6	)	)	PUNCT
cblr-5121	576	7	1/3/2020	1/3/2020	NUM
cblr-5121	576	8	4:04	4:04	NUM
cblr-5121	576	9	pm	pm	NOUN
cblr-5121	576	10	1158	1158	NUM
cblr-5121	576	11	columbia	columbia	PROPN
cblr-5121	576	12	business	business	NOUN
cblr-5121	576	13	law	law	PROPN
cblr-5121	576	14	review	review	NOUN
cblr-5121	576	15	[	[	X
cblr-5121	576	16	vol	vol	NOUN
cblr-5121	576	17	.	.	NOUN
cblr-5121	576	18	2019	2019	NUM
cblr-5121	576	19	challenges	challenge	NOUN
cblr-5121	576	20	without	without	ADP
cblr-5121	576	21	resolving	resolve	VERB
cblr-5121	576	22	the	the	DET
cblr-5121	576	23	central	central	ADJ
cblr-5121	576	24	constitutional	constitutional	ADJ
cblr-5121	576	25	issue	issue	NOUN
cblr-5121	576	26	potentially	potentially	ADV
cblr-5121	576	27	flows	flow	VERB
cblr-5121	576	28	from	from	ADP
cblr-5121	576	29	the	the	DET
cblr-5121	576	30	uneasy	uneasy	ADJ
cblr-5121	576	31	fit	fit	NOUN
cblr-5121	576	32	of	of	ADP
cblr-5121	576	33	monetary	monetary	ADJ
cblr-5121	576	34	policy	policy	NOUN
cblr-5121	576	35	in	in	ADP
cblr-5121	576	36	administrative	administrative	ADJ
cblr-5121	576	37	law	law	NOUN
cblr-5121	576	38	.	.	PUNCT
cblr-5121	577	1	that	that	PRON
cblr-5121	577	2	is	is	ADV
cblr-5121	577	3	,	,	PUNCT
cblr-5121	577	4	an	an	DET
cblr-5121	577	5	overarching	overarching	ADJ
cblr-5121	577	6	emphasis	emphasis	NOUN
cblr-5121	577	7	on	on	ADP
cblr-5121	577	8	independence	independence	NOUN
cblr-5121	577	9	in	in	ADP
cblr-5121	577	10	central	central	ADJ
cblr-5121	577	11	banking	banking	NOUN
cblr-5121	577	12	has	have	AUX
cblr-5121	577	13	long	long	ADV
cblr-5121	577	14	spurred	spur	VERB
cblr-5121	577	15	unusual	unusual	ADJ
cblr-5121	577	16	institutional	institutional	ADJ
cblr-5121	577	17	arrangements	arrangement	NOUN
cblr-5121	577	18	.	.	PUNCT
cblr-5121	578	1	not	not	PART
cblr-5121	578	2	only	only	ADV
cblr-5121	578	3	was	be	AUX
cblr-5121	578	4	it	it	PRON
cblr-5121	578	5	a	a	DET
cblr-5121	578	6	preoccupying	preoccupy	VERB
cblr-5121	578	7	concern	concern	NOUN
cblr-5121	578	8	of	of	ADP
cblr-5121	578	9	the	the	DET
cblr-5121	578	10	framers	framer	NOUN
cblr-5121	578	11	of	of	ADP
cblr-5121	578	12	the	the	DET
cblr-5121	578	13	national	national	PROPN
cblr-5121	578	14	monetary	monetary	PROPN
cblr-5121	578	15	commission	commission	PROPN
cblr-5121	578	16	,	,	PUNCT
cblr-5121	578	17	the	the	DET
cblr-5121	578	18	precursor	precursor	NOUN
cblr-5121	578	19	of	of	ADP
cblr-5121	578	20	the	the	DET
cblr-5121	578	21	federal	federal	PROPN
cblr-5121	578	22	reserve	reserve	PROPN
cblr-5121	578	23	,	,	PUNCT
cblr-5121	578	24	but	but	CCONJ
cblr-5121	578	25	the	the	DET
cblr-5121	578	26	first	first	ADJ
cblr-5121	578	27	bank	bank	NOUN
cblr-5121	578	28	of	of	ADP
cblr-5121	578	29	the	the	DET
cblr-5121	578	30	united	united	PROPN
cblr-5121	578	31	states	states	PROPN
cblr-5121	578	32	,	,	PUNCT
cblr-5121	578	33	created	create	VERB
cblr-5121	578	34	in	in	ADP
cblr-5121	578	35	the	the	DET
cblr-5121	578	36	wake	wake	NOUN
cblr-5121	578	37	of	of	ADP
cblr-5121	578	38	the	the	DET
cblr-5121	578	39	founding	founding	NOUN
cblr-5121	578	40	,	,	PUNCT
cblr-5121	578	41	similarly	similarly	ADV
cblr-5121	578	42	bore	bear	VERB
cblr-5121	578	43	private	private	ADJ
cblr-5121	578	44	trappings.155	trappings.155	NOUN
cblr-5121	578	45	indeed	indeed	ADV
cblr-5121	578	46	,	,	PUNCT
cblr-5121	578	47	the	the	DET
cblr-5121	578	48	evasive	evasive	ADJ
cblr-5121	578	49	judicial	judicial	ADJ
cblr-5121	578	50	treatment	treatment	NOUN
cblr-5121	578	51	of	of	ADP
cblr-5121	578	52	the	the	DET
cblr-5121	578	53	constitutionality	constitutionality	NOUN
cblr-5121	578	54	of	of	ADP
cblr-5121	578	55	the	the	DET
cblr-5121	578	56	federal	federal	PROPN
cblr-5121	578	57	reserve	reserve	PROPN
cblr-5121	578	58	may	may	AUX
cblr-5121	578	59	be	be	AUX
cblr-5121	578	60	a	a	DET
cblr-5121	578	61	recognition	recognition	NOUN
cblr-5121	578	62	of	of	ADP
cblr-5121	578	63	the	the	DET
cblr-5121	578	64	historical	historical	ADJ
cblr-5121	578	65	practice	practice	NOUN
cblr-5121	578	66	of	of	ADP
cblr-5121	578	67	insulating	insulate	VERB
cblr-5121	578	68	monetary	monetary	ADJ
cblr-5121	578	69	policy	policy	NOUN
cblr-5121	578	70	from	from	ADP
cblr-5121	578	71	politics	politic	NOUN
cblr-5121	578	72	and	and	CCONJ
cblr-5121	578	73	the	the	DET
cblr-5121	578	74	longstanding	longstanding	ADJ
cblr-5121	578	75	rationale	rationale	NOUN
cblr-5121	578	76	for	for	ADP
cblr-5121	578	77	doing	do	VERB
cblr-5121	578	78	so.156	so.156	PROPN
cblr-5121	578	79	both	both	DET
cblr-5121	578	80	historical	historical	ADJ
cblr-5121	578	81	practice	practice	NOUN
cblr-5121	578	82	and	and	CCONJ
cblr-5121	578	83	persistent	persistent	ADJ
cblr-5121	578	84	concerns	concern	NOUN
cblr-5121	578	85	over	over	ADP
cblr-5121	578	86	the	the	DET
cblr-5121	578	87	potential	potential	NOUN
cblr-5121	578	88	for	for	ADP
cblr-5121	578	89	political	political	ADJ
cblr-5121	578	90	influence	influence	NOUN
cblr-5121	578	91	over	over	ADP
cblr-5121	578	92	monetary	monetary	ADJ
cblr-5121	578	93	policy	policy	NOUN
cblr-5121	578	94	could	could	AUX
cblr-5121	578	95	suggest	suggest	VERB
cblr-5121	578	96	that	that	SCONJ
cblr-5121	578	97	the	the	DET
cblr-5121	578	98	quasi	quasi	ADJ
cblr-5121	578	99	-	-	ADJ
cblr-5121	578	100	private	private	ADJ
cblr-5121	578	101	structure	structure	NOUN
cblr-5121	578	102	of	of	ADP
cblr-5121	578	103	the	the	DET
cblr-5121	578	104	reserve	reserve	NOUN
cblr-5121	578	105	banks	bank	NOUN
cblr-5121	578	106	,	,	PUNCT
cblr-5121	578	107	and	and	CCONJ
cblr-5121	578	108	the	the	DET
cblr-5121	578	109	role	role	NOUN
cblr-5121	578	110	of	of	ADP
cblr-5121	578	111	non	non	ADJ
cblr-5121	578	112	-	-	ADJ
cblr-5121	578	113	political	political	ADJ
cblr-5121	578	114	actors	actor	NOUN
cblr-5121	578	115	in	in	ADP
cblr-5121	578	116	selecting	select	VERB
cblr-5121	578	117	their	their	PRON
cblr-5121	578	118	presidents	president	NOUN
cblr-5121	578	119	,	,	PUNCT
cblr-5121	578	120	is	be	AUX
cblr-5121	578	121	necessary	necessary	ADJ
cblr-5121	578	122	for	for	ADP
cblr-5121	578	123	independent	independent	ADJ
cblr-5121	578	124	central	central	ADJ
cblr-5121	578	125	banking.157	banking.157	PROPN
cblr-5121	578	126	the	the	DET
cblr-5121	578	127	governance	governance	NOUN
cblr-5121	578	128	structures	structure	NOUN
cblr-5121	578	129	of	of	ADP
cblr-5121	578	130	other	other	ADJ
cblr-5121	578	131	international	international	ADJ
cblr-5121	578	132	central	central	ADJ
cblr-5121	578	133	banks	bank	NOUN
cblr-5121	578	134	,	,	PUNCT
cblr-5121	578	135	some	some	PRON
cblr-5121	578	136	of	of	ADP
cblr-5121	578	137	which	which	PRON
cblr-5121	578	138	include	include	VERB
cblr-5121	578	139	private	private	ADJ
cblr-5121	578	140	ownership	ownership	NOUN
cblr-5121	578	141	interests	interest	NOUN
cblr-5121	578	142	,	,	PUNCT
cblr-5121	578	143	indicate	indicate	VERB
cblr-5121	578	144	that	that	SCONJ
cblr-5121	578	145	institutional	institutional	ADJ
cblr-5121	578	146	insulation	insulation	NOUN
cblr-5121	578	147	from	from	ADP
cblr-5121	578	148	direct	direct	ADJ
cblr-5121	578	149	public	public	ADJ
cblr-5121	578	150	control	control	NOUN
cblr-5121	578	151	is	be	AUX
cblr-5121	578	152	not	not	PART
cblr-5121	578	153	uncommon	uncommon	ADJ
cblr-5121	578	154	internationally.158	internationally.158	NOUN
cblr-5121	578	155	although	although	SCONJ
cblr-5121	578	156	these	these	DET
cblr-5121	578	157	historical	historical	ADJ
cblr-5121	578	158	and	and	CCONJ
cblr-5121	578	159	practical	practical	ADJ
cblr-5121	578	160	justifications	justification	NOUN
cblr-5121	578	161	for	for	ADP
cblr-5121	578	162	insulation	insulation	NOUN
cblr-5121	578	163	are	be	AUX
cblr-5121	578	164	155	155	NUM
cblr-5121	578	165	see	see	NOUN
cblr-5121	578	166	nat’l	nat’l	NOUN
cblr-5121	578	167	monetary	monetary	ADJ
cblr-5121	578	168	comm’n	comm’n	NOUN
cblr-5121	578	169	,	,	PUNCT
cblr-5121	578	170	supra	supra	ADJ
cblr-5121	578	171	note	note	NOUN
cblr-5121	578	172	22	22	NUM
cblr-5121	578	173	,	,	PUNCT
cblr-5121	578	174	at	at	ADP
cblr-5121	578	175	14	14	NUM
cblr-5121	578	176	;	;	PUNCT
cblr-5121	578	177	walter	walter	PROPN
cblr-5121	578	178	dellinger	dellinger	PROPN
cblr-5121	578	179	&	&	CCONJ
cblr-5121	578	180	h.	h.	PROPN
cblr-5121	578	181	jefferson	jefferson	PROPN
cblr-5121	578	182	powell	powell	PROPN
cblr-5121	578	183	,	,	PUNCT
cblr-5121	578	184	the	the	DET
cblr-5121	578	185	constitutionality	constitutionality	NOUN
cblr-5121	578	186	of	of	ADP
cblr-5121	578	187	the	the	DET
cblr-5121	578	188	bank	bank	NOUN
cblr-5121	578	189	bill	bill	NOUN
cblr-5121	578	190	:	:	PUNCT
cblr-5121	578	191	the	the	DET
cblr-5121	578	192	attorney	attorney	NOUN
cblr-5121	578	193	general	general	NOUN
cblr-5121	578	194	’s	’s	PART
cblr-5121	578	195	first	first	ADJ
cblr-5121	578	196	constitutional	constitutional	ADJ
cblr-5121	578	197	law	law	NOUN
cblr-5121	578	198	opinions	opinion	NOUN
cblr-5121	578	199	,	,	PUNCT
cblr-5121	578	200	44	44	NUM
cblr-5121	578	201	duke	duke	PROPN
cblr-5121	578	202	l.j	l.j	PROPN
cblr-5121	578	203	.	.	PROPN
cblr-5121	578	204	110	110	NUM
cblr-5121	578	205	,	,	PUNCT
cblr-5121	578	206	117	117	NUM
cblr-5121	578	207	(	(	PUNCT
cblr-5121	578	208	1994	1994	NUM
cblr-5121	578	209	)	)	PUNCT
cblr-5121	578	210	.	.	PUNCT
cblr-5121	579	1	dellinger	dellinger	NOUN
cblr-5121	579	2	and	and	CCONJ
cblr-5121	579	3	powell	powell	PROPN
cblr-5121	579	4	argue	argue	VERB
cblr-5121	579	5	that	that	SCONJ
cblr-5121	579	6	a	a	DET
cblr-5121	579	7	modern	modern	ADJ
cblr-5121	579	8	assessment	assessment	NOUN
cblr-5121	579	9	of	of	ADP
cblr-5121	579	10	the	the	DET
cblr-5121	579	11	constitutionality	constitutionality	NOUN
cblr-5121	579	12	of	of	ADP
cblr-5121	579	13	the	the	DET
cblr-5121	579	14	bank	bank	NOUN
cblr-5121	579	15	would	would	AUX
cblr-5121	579	16	raise	raise	VERB
cblr-5121	579	17	serious	serious	ADJ
cblr-5121	579	18	concerns	concern	NOUN
cblr-5121	579	19	under	under	ADP
cblr-5121	579	20	the	the	DET
cblr-5121	579	21	appointments	appointment	NOUN
cblr-5121	579	22	clause	clause	NOUN
cblr-5121	579	23	.	.	PUNCT
cblr-5121	580	1	i	i	PRON
cblr-5121	580	2	d.	d.	PROPN
cblr-5121	580	3	at	at	ADP
cblr-5121	580	4	131–32	131–32	PROPN
cblr-5121	580	5	.	.	PUNCT
cblr-5121	581	1	the	the	DET
cblr-5121	581	2	proximity	proximity	NOUN
cblr-5121	581	3	of	of	ADP
cblr-5121	581	4	the	the	DET
cblr-5121	581	5	bank	bank	NOUN
cblr-5121	581	6	bill	bill	NOUN
cblr-5121	581	7	to	to	ADP
cblr-5121	581	8	the	the	DET
cblr-5121	581	9	founding	founding	NOUN
cblr-5121	581	10	could	could	AUX
cblr-5121	581	11	suggest	suggest	VERB
cblr-5121	581	12	,	,	PUNCT
cblr-5121	581	13	however	however	ADV
cblr-5121	581	14	,	,	PUNCT
cblr-5121	581	15	that	that	SCONJ
cblr-5121	581	16	the	the	DET
cblr-5121	581	17	framers	framer	NOUN
cblr-5121	581	18	of	of	ADP
cblr-5121	581	19	the	the	DET
cblr-5121	581	20	bank	bank	NOUN
cblr-5121	581	21	bill	bill	NOUN
cblr-5121	581	22	may	may	AUX
cblr-5121	581	23	have	have	AUX
cblr-5121	581	24	had	have	VERB
cblr-5121	581	25	an	an	DET
cblr-5121	581	26	alternative	alternative	ADJ
cblr-5121	581	27	understanding	understanding	NOUN
cblr-5121	581	28	of	of	ADP
cblr-5121	581	29	the	the	DET
cblr-5121	581	30	applicability	applicability	NOUN
cblr-5121	581	31	of	of	ADP
cblr-5121	581	32	the	the	DET
cblr-5121	581	33	appointments	appointment	NOUN
cblr-5121	581	34	clause	clause	NOUN
cblr-5121	581	35	.	.	PUNCT
cblr-5121	582	1	156	156	NUM
cblr-5121	582	2	see	see	VERB
cblr-5121	582	3	melcher	melcher	NOUN
cblr-5121	582	4	v.	v.	ADP
cblr-5121	582	5	fed	fed	PROPN
cblr-5121	582	6	.	.	PUNCT
cblr-5121	583	1	open	open	PROPN
cblr-5121	583	2	mkt	mkt	PROPN
cblr-5121	583	3	.	.	PROPN
cblr-5121	583	4	comm	comm	NOUN
cblr-5121	583	5	.	.	PUNCT
cblr-5121	584	1	,	,	PUNCT
cblr-5121	584	2	644	644	NUM
cblr-5121	584	3	f.	f.	PROPN
cblr-5121	584	4	supp	supp	PROPN
cblr-5121	584	5	.	.	PUNCT
cblr-5121	585	1	510	510	NUM
cblr-5121	585	2	,	,	PUNCT
cblr-5121	585	3	521–22	521–22	PROPN
cblr-5121	585	4	(	(	PUNCT
cblr-5121	585	5	d.d.c	d.d.c	PROPN
cblr-5121	585	6	.	.	PROPN
cblr-5121	585	7	,	,	PUNCT
cblr-5121	585	8	1986	1986	NUM
cblr-5121	585	9	)	)	PUNCT
cblr-5121	585	10	aff’d	aff’d	VERB
cblr-5121	585	11	on	on	ADP
cblr-5121	585	12	other	other	ADJ
cblr-5121	585	13	grounds	ground	NOUN
cblr-5121	585	14	,	,	PUNCT
cblr-5121	585	15	836	836	NUM
cblr-5121	585	16	f.2d	f.2d	NOUN
cblr-5121	585	17	561	561	NUM
cblr-5121	585	18	(	(	PUNCT
cblr-5121	585	19	d.c	d.c	PROPN
cblr-5121	585	20	.	.	PROPN
cblr-5121	585	21	cir	cir	PROPN
cblr-5121	585	22	.	.	PROPN
cblr-5121	585	23	1987	1987	NUM
cblr-5121	585	24	)	)	PUNCT
cblr-5121	586	1	(	(	PUNCT
cblr-5121	586	2	detailing	detail	VERB
cblr-5121	586	3	the	the	DET
cblr-5121	586	4	“	"	PUNCT
cblr-5121	586	5	subtle	subtle	ADJ
cblr-5121	586	6	and	and	CCONJ
cblr-5121	586	7	conscious	conscious	ADJ
cblr-5121	586	8	balance	balance	NOUN
cblr-5121	586	9	of	of	ADP
cblr-5121	586	10	public	public	ADJ
cblr-5121	586	11	and	and	CCONJ
cblr-5121	586	12	private	private	ADJ
cblr-5121	586	13	elements	element	NOUN
cblr-5121	586	14	”	"	PUNCT
cblr-5121	586	15	that	that	PRON
cblr-5121	586	16	has	have	AUX
cblr-5121	586	17	governed	govern	VERB
cblr-5121	586	18	“	"	PUNCT
cblr-5121	586	19	the	the	DET
cblr-5121	586	20	regulation	regulation	NOUN
cblr-5121	586	21	of	of	ADP
cblr-5121	586	22	the	the	DET
cblr-5121	586	23	nation	nation	NOUN
cblr-5121	586	24	’s	’s	PART
cblr-5121	586	25	monetary	monetary	ADJ
cblr-5121	586	26	systems	system	NOUN
cblr-5121	586	27	.	.	PUNCT
cblr-5121	586	28	.	.	PUNCT
cblr-5121	586	29	.	.	PUNCT
cblr-5121	587	1	[	[	X
cblr-5121	587	2	e]ver	e]ver	NOUN
cblr-5121	587	3	since	since	SCONJ
cblr-5121	587	4	the	the	DET
cblr-5121	587	5	birth	birth	NOUN
cblr-5121	587	6	of	of	ADP
cblr-5121	587	7	this	this	DET
cblr-5121	587	8	nation	nation	NOUN
cblr-5121	587	9	”	"	PUNCT
cblr-5121	587	10	)	)	PUNCT
cblr-5121	587	11	.	.	PUNCT
cblr-5121	588	1	157	157	NUM
cblr-5121	588	2	see	see	VERB
cblr-5121	588	3	supra	supra	PROPN
cblr-5121	588	4	note	note	PROPN
cblr-5121	588	5	18	18	NUM
cblr-5121	588	6	at	at	ADP
cblr-5121	588	7	4–5	4–5	PROPN
cblr-5121	588	8	.	.	PROPN
cblr-5121	588	9	158	158	NUM
cblr-5121	588	10	see	see	VERB
cblr-5121	588	11	bank	bank	NOUN
cblr-5121	588	12	for	for	ADP
cblr-5121	588	13	int’l	int’l	NUM
cblr-5121	588	14	settlements	settlement	NOUN
cblr-5121	588	15	,	,	PUNCT
cblr-5121	588	16	issues	issue	NOUN
cblr-5121	588	17	in	in	ADP
cblr-5121	588	18	the	the	DET
cblr-5121	588	19	governance	governance	NOUN
cblr-5121	588	20	of	of	ADP
cblr-5121	588	21	central	central	ADJ
cblr-5121	588	22	banks	bank	NOUN
cblr-5121	588	23	63–65	63–65	NUM
cblr-5121	588	24	(	(	PUNCT
cblr-5121	588	25	2009	2009	NUM
cblr-5121	588	26	)	)	PUNCT
cblr-5121	588	27	,	,	PUNCT
cblr-5121	588	28	https://www.bis.org/publ/othp04.pdf	https://www.bis.org/publ/othp04.pdf	NOUN
cblr-5121	589	1	[	[	X
cblr-5121	589	2	https://perma.cc/6ncg-bqzl	https://perma.cc/6ncg-bqzl	X
cblr-5121	589	3	]	]	X
cblr-5121	589	4	.	.	PUNCT
cblr-5121	590	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	590	2	(	(	PUNCT
cblr-5121	590	3	do	do	AUX
cblr-5121	590	4	not	not	PART
cblr-5121	590	5	delete	delete	VERB
cblr-5121	590	6	)	)	PUNCT
cblr-5121	590	7	1/3/2020	1/3/2020	NUM
cblr-5121	590	8	4:04	4:04	NUM
cblr-5121	590	9	pm	pm	NOUN
cblr-5121	590	10	no	no	NOUN
cblr-5121	590	11	.	.	PUNCT
cblr-5121	591	1	3:1123	3:1123	NUM
cblr-5121	591	2	]	]	PUNCT
cblr-5121	591	3	insider	insider	NOUN
cblr-5121	591	4	interest	interest	NOUN
cblr-5121	591	5	,	,	PUNCT
cblr-5121	591	6	not	not	PART
cblr-5121	591	7	industry	industry	NOUN
cblr-5121	591	8	influence	influence	NOUN
cblr-5121	591	9	1159	1159	NUM
cblr-5121	591	10	difficult	difficult	ADJ
cblr-5121	591	11	to	to	PART
cblr-5121	591	12	reconcile	reconcile	VERB
cblr-5121	591	13	with	with	ADP
cblr-5121	591	14	the	the	DET
cblr-5121	591	15	aforementioned	aforementioned	ADJ
cblr-5121	591	16	constitutional	constitutional	ADJ
cblr-5121	591	17	issues	issue	NOUN
cblr-5121	591	18	,	,	PUNCT
cblr-5121	591	19	the	the	DET
cblr-5121	591	20	proliferation	proliferation	NOUN
cblr-5121	591	21	of	of	ADP
cblr-5121	591	22	other	other	ADJ
cblr-5121	591	23	government	government	NOUN
cblr-5121	591	24	-	-	PUNCT
cblr-5121	591	25	affiliated	affiliate	VERB
cblr-5121	591	26	entities	entity	NOUN
cblr-5121	591	27	that	that	PRON
cblr-5121	591	28	are	be	AUX
cblr-5121	591	29	not	not	PART
cblr-5121	591	30	wholly	wholly	ADV
cblr-5121	591	31	public	public	ADJ
cblr-5121	591	32	or	or	CCONJ
cblr-5121	591	33	private	private	ADJ
cblr-5121	591	34	—	—	PUNCT
cblr-5121	591	35	so	so	ADV
cblr-5121	591	36	-	-	PUNCT
cblr-5121	591	37	called	call	VERB
cblr-5121	591	38	“	"	PUNCT
cblr-5121	591	39	boundary	boundary	ADJ
cblr-5121	591	40	organizations”—illustrates	organizations”—illustrate	NOUN
cblr-5121	591	41	that	that	SCONJ
cblr-5121	591	42	the	the	DET
cblr-5121	591	43	problem	problem	NOUN
cblr-5121	591	44	stretches	stretch	VERB
cblr-5121	591	45	far	far	ADV
cblr-5121	591	46	beyond	beyond	ADP
cblr-5121	591	47	the	the	DET
cblr-5121	591	48	federal	federal	PROPN
cblr-5121	591	49	reserve	reserve	NOUN
cblr-5121	591	50	banks.159	banks.159	CCONJ
cblr-5121	591	51	like	like	ADP
cblr-5121	591	52	the	the	DET
cblr-5121	591	53	federal	federal	PROPN
cblr-5121	591	54	reserve	reserve	PROPN
cblr-5121	591	55	,	,	PUNCT
cblr-5121	591	56	a	a	DET
cblr-5121	591	57	number	number	NOUN
cblr-5121	591	58	of	of	ADP
cblr-5121	591	59	other	other	ADJ
cblr-5121	591	60	familiar	familiar	ADJ
cblr-5121	591	61	entities	entity	NOUN
cblr-5121	591	62	exist	exist	VERB
cblr-5121	591	63	at	at	ADP
cblr-5121	591	64	the	the	DET
cblr-5121	591	65	public	public	ADJ
cblr-5121	591	66	-	-	PUNCT
cblr-5121	591	67	private	private	ADJ
cblr-5121	591	68	boundary	boundary	NOUN
cblr-5121	591	69	,	,	PUNCT
cblr-5121	591	70	including	include	VERB
cblr-5121	591	71	amtrak	amtrak	PROPN
cblr-5121	591	72	,	,	PUNCT
cblr-5121	591	73	the	the	DET
cblr-5121	591	74	federal	federal	ADJ
cblr-5121	591	75	home	home	PROPN
cblr-5121	591	76	loan	loan	NOUN
cblr-5121	591	77	mortgage	mortgage	NOUN
cblr-5121	591	78	corporation	corporation	NOUN
cblr-5121	591	79	,	,	PUNCT
cblr-5121	591	80	and	and	CCONJ
cblr-5121	591	81	the	the	DET
cblr-5121	591	82	federal	federal	ADJ
cblr-5121	591	83	national	national	PROPN
cblr-5121	591	84	mortgage	mortgage	NOUN
cblr-5121	591	85	association.160	association.160	NOUN
cblr-5121	591	86	moreover	moreover	ADV
cblr-5121	591	87	,	,	PUNCT
cblr-5121	591	88	the	the	DET
cblr-5121	591	89	most	most	ADV
cblr-5121	591	90	recent	recent	ADJ
cblr-5121	591	91	decision	decision	NOUN
cblr-5121	591	92	to	to	PART
cblr-5121	591	93	squarely	squarely	ADV
cblr-5121	591	94	confront	confront	VERB
cblr-5121	591	95	the	the	DET
cblr-5121	591	96	delegation	delegation	NOUN
cblr-5121	591	97	of	of	ADP
cblr-5121	591	98	monetary	monetary	ADJ
cblr-5121	591	99	policy	policy	NOUN
cblr-5121	591	100	authority	authority	NOUN
cblr-5121	591	101	to	to	PART
cblr-5121	591	102	reserve	reserve	VERB
cblr-5121	591	103	bank	bank	NOUN
cblr-5121	591	104	presidents	president	NOUN
cblr-5121	591	105	,	,	PUNCT
cblr-5121	591	106	melcher	melcher	NOUN
cblr-5121	591	107	v.	v.	ADP
cblr-5121	591	108	federal	federal	ADJ
cblr-5121	591	109	open	open	ADJ
cblr-5121	591	110	market	market	NOUN
cblr-5121	591	111	committee	committee	NOUN
cblr-5121	591	112	,	,	PUNCT
cblr-5121	591	113	upheld	uphold	VERB
cblr-5121	591	114	the	the	DET
cblr-5121	591	115	constitutionality	constitutionality	NOUN
cblr-5121	591	116	of	of	ADP
cblr-5121	591	117	reserve	reserve	PROPN
cblr-5121	591	118	bank	bank	PROPN
cblr-5121	591	119	presidents	president	NOUN
cblr-5121	591	120	serving	serve	VERB
cblr-5121	591	121	on	on	ADP
cblr-5121	591	122	the	the	DET
cblr-5121	591	123	fomc.161	fomc.161	NOUN
cblr-5121	591	124	in	in	ADP
cblr-5121	591	125	upholding	uphold	VERB
cblr-5121	591	126	the	the	DET
cblr-5121	591	127	validity	validity	NOUN
cblr-5121	591	128	of	of	ADP
cblr-5121	591	129	the	the	DET
cblr-5121	591	130	fomc	fomc	NOUN
cblr-5121	591	131	and	and	CCONJ
cblr-5121	591	132	the	the	DET
cblr-5121	591	133	exercise	exercise	NOUN
cblr-5121	591	134	of	of	ADP
cblr-5121	591	135	monetary	monetary	ADJ
cblr-5121	591	136	policy	policy	NOUN
cblr-5121	591	137	authority	authority	NOUN
cblr-5121	591	138	by	by	ADP
cblr-5121	591	139	private	private	ADJ
cblr-5121	591	140	citizens	citizen	NOUN
cblr-5121	591	141	,	,	PUNCT
cblr-5121	591	142	the	the	DET
cblr-5121	591	143	melcher	melcher	NOUN
cblr-5121	591	144	court	court	NOUN
cblr-5121	591	145	noted	note	VERB
cblr-5121	591	146	the	the	DET
cblr-5121	591	147	“	"	PUNCT
cblr-5121	591	148	unusual	unusual	ADJ
cblr-5121	591	149	degree	degree	NOUN
cblr-5121	591	150	of	of	ADP
cblr-5121	591	151	debate	debate	NOUN
cblr-5121	591	152	and	and	CCONJ
cblr-5121	591	153	reflection	reflection	NOUN
cblr-5121	591	154	”	"	PUNCT
cblr-5121	591	155	that	that	PRON
cblr-5121	591	156	led	lead	VERB
cblr-5121	591	157	to	to	ADP
cblr-5121	591	158	the	the	DET
cblr-5121	591	159	“	"	PUNCT
cblr-5121	591	160	exquisitely	exquisitely	ADV
cblr-5121	591	161	balanced	balanced	ADJ
cblr-5121	591	162	approach	approach	NOUN
cblr-5121	591	163	”	"	PUNCT
cblr-5121	591	164	of	of	ADP
cblr-5121	591	165	the	the	DET
cblr-5121	591	166	federal	federal	ADJ
cblr-5121	591	167	reserve.162	reserve.162	NOUN
cblr-5121	591	168	finding	find	VERB
cblr-5121	591	169	that	that	SCONJ
cblr-5121	591	170	the	the	DET
cblr-5121	591	171	separation	separation	NOUN
cblr-5121	591	172	of	of	ADP
cblr-5121	591	173	powers	power	NOUN
cblr-5121	591	174	problems	problem	NOUN
cblr-5121	591	175	implicated	implicate	VERB
cblr-5121	591	176	by	by	ADP
cblr-5121	591	177	other	other	ADJ
cblr-5121	591	178	congressional	congressional	ADJ
cblr-5121	591	179	attempts	attempt	NOUN
cblr-5121	591	180	to	to	PART
cblr-5121	591	181	insulate	insulate	VERB
cblr-5121	591	182	executive	executive	ADJ
cblr-5121	591	183	branch	branch	NOUN
cblr-5121	591	184	officers	officer	NOUN
cblr-5121	591	185	from	from	ADP
cblr-5121	591	186	presidential	presidential	ADJ
cblr-5121	591	187	control	control	NOUN
cblr-5121	591	188	—	—	PUNCT
cblr-5121	591	189	namely	namely	ADV
cblr-5121	591	190	,	,	PUNCT
cblr-5121	591	191	legislative	legislative	ADJ
cblr-5121	591	192	aggrandizement	aggrandizement	NOUN
cblr-5121	591	193	at	at	ADP
cblr-5121	591	194	the	the	DET
cblr-5121	591	195	expense	expense	NOUN
cblr-5121	591	196	of	of	ADP
cblr-5121	591	197	the	the	DET
cblr-5121	591	198	executive	executive	ADJ
cblr-5121	591	199	branch	branch	NOUN
cblr-5121	591	200	—	—	PUNCT
cblr-5121	591	201	were	be	AUX
cblr-5121	591	202	absent	absent	ADJ
cblr-5121	591	203	when	when	SCONJ
cblr-5121	591	204	congress	congress	PROPN
cblr-5121	591	205	(	(	PUNCT
cblr-5121	591	206	and	and	CCONJ
cblr-5121	591	207	the	the	DET
cblr-5121	591	208	president	president	NOUN
cblr-5121	591	209	)	)	PUNCT
cblr-5121	591	210	voluntarily	voluntarily	ADV
cblr-5121	591	211	devolved	devolve	VERB
cblr-5121	591	212	public	public	ADJ
cblr-5121	591	213	power	power	NOUN
cblr-5121	591	214	on	on	ADP
cblr-5121	591	215	private	private	ADJ
cblr-5121	591	216	citizen	citizen	PROPN
cblr-5121	591	217	reserve	reserve	PROPN
cblr-5121	591	218	bank	bank	PROPN
cblr-5121	591	219	presidents	president	NOUN
cblr-5121	591	220	,	,	PUNCT
cblr-5121	591	221	the	the	DET
cblr-5121	591	222	melcher	melcher	NOUN
cblr-5121	591	223	court	court	NOUN
cblr-5121	591	224	viewed	view	VERB
cblr-5121	591	225	the	the	DET
cblr-5121	591	226	appointments	appointment	NOUN
cblr-5121	591	227	clause	clause	NOUN
cblr-5121	591	228	as	as	ADP
cblr-5121	591	229	permitting	permit	VERB
cblr-5121	591	230	a	a	DET
cblr-5121	591	231	regime	regime	NOUN
cblr-5121	591	232	where	where	SCONJ
cblr-5121	591	233	the	the	DET
cblr-5121	591	234	appointment	appointment	NOUN
cblr-5121	591	235	of	of	ADP
cblr-5121	591	236	would	would	AUX
cblr-5121	591	237	-	-	PUNCT
cblr-5121	591	238	be	be	AUX
cblr-5121	591	239	principal	principal	ADJ
cblr-5121	591	240	officers	officer	NOUN
cblr-5121	591	241	occurred	occur	VERB
cblr-5121	591	242	entirely	entirely	ADV
cblr-5121	591	243	outside	outside	ADP
cblr-5121	591	244	the	the	DET
cblr-5121	591	245	political	political	ADJ
cblr-5121	591	246	branches.163	branches.163	NOUN
cblr-5121	591	247	the	the	DET
cblr-5121	591	248	melcher	melcher	NOUN
cblr-5121	591	249	court	court	NOUN
cblr-5121	591	250	cautioned	caution	VERB
cblr-5121	591	251	that	that	SCONJ
cblr-5121	591	252	its	its	PRON
cblr-5121	591	253	159	159	NUM
cblr-5121	591	254	see	see	NOUN
cblr-5121	591	255	anne	anne	PROPN
cblr-5121	591	256	joseph	joseph	PROPN
cblr-5121	591	257	o’connell	o’connell	PROPN
cblr-5121	591	258	,	,	PUNCT
cblr-5121	591	259	bureaucracy	bureaucracy	NOUN
cblr-5121	591	260	at	at	ADP
cblr-5121	591	261	the	the	DET
cblr-5121	591	262	boundary	boundary	NOUN
cblr-5121	591	263	,	,	PUNCT
cblr-5121	591	264	162	162	NUM
cblr-5121	591	265	u.	u.	PROPN
cblr-5121	591	266	pa	pa	PROPN
cblr-5121	591	267	.	.	PUNCT
cblr-5121	591	268	l.	l.	PROPN
cblr-5121	591	269	rev	rev	PROPN
cblr-5121	591	270	.	.	PROPN
cblr-5121	591	271	841	841	NUM
cblr-5121	591	272	(	(	PUNCT
cblr-5121	591	273	2014	2014	NUM
cblr-5121	591	274	)	)	PUNCT
cblr-5121	591	275	,	,	PUNCT
cblr-5121	591	276	for	for	ADP
cblr-5121	591	277	an	an	DET
cblr-5121	591	278	account	account	NOUN
cblr-5121	591	279	of	of	ADP
cblr-5121	591	280	quasi	quasi	ADJ
cblr-5121	591	281	-	-	ADJ
cblr-5121	591	282	governmental	governmental	ADJ
cblr-5121	591	283	entities	entity	NOUN
cblr-5121	591	284	that	that	PRON
cblr-5121	591	285	exist	exist	VERB
cblr-5121	591	286	at	at	ADP
cblr-5121	591	287	the	the	DET
cblr-5121	591	288	“	"	PUNCT
cblr-5121	591	289	boundaries	boundary	NOUN
cblr-5121	591	290	”	"	PUNCT
cblr-5121	591	291	of	of	ADP
cblr-5121	591	292	the	the	DET
cblr-5121	591	293	federal	federal	ADJ
cblr-5121	591	294	government	government	NOUN
cblr-5121	591	295	.	.	PUNCT
cblr-5121	592	1	o’connell	o’connell	VERB
cblr-5121	592	2	notes	note	VERB
cblr-5121	592	3	that	that	SCONJ
cblr-5121	592	4	such	such	ADJ
cblr-5121	592	5	“	"	PUNCT
cblr-5121	592	6	boundary	boundary	ADJ
cblr-5121	592	7	organizations	organization	NOUN
cblr-5121	592	8	”	"	PUNCT
cblr-5121	592	9	raise	raise	VERB
cblr-5121	592	10	a	a	DET
cblr-5121	592	11	host	host	NOUN
cblr-5121	592	12	of	of	ADP
cblr-5121	592	13	legal	legal	ADJ
cblr-5121	592	14	classification	classification	NOUN
cblr-5121	592	15	questions	question	NOUN
cblr-5121	592	16	,	,	PUNCT
cblr-5121	592	17	including	include	VERB
cblr-5121	592	18	the	the	DET
cblr-5121	592	19	application	application	NOUN
cblr-5121	592	20	of	of	ADP
cblr-5121	592	21	the	the	DET
cblr-5121	592	22	appointments	appointment	NOUN
cblr-5121	592	23	clause	clause	NOUN
cblr-5121	592	24	.	.	PUNCT
cblr-5121	593	1	i	i	PRON
cblr-5121	593	2	d.	d.	PROPN
cblr-5121	593	3	at	at	ADP
cblr-5121	593	4	902–06	902–06	NUM
cblr-5121	593	5	.	.	PUNCT
cblr-5121	594	1	160	160	NUM
cblr-5121	594	2	i	i	PRON
cblr-5121	594	3	d.	d.	PROPN
cblr-5121	594	4	at	at	ADP
cblr-5121	594	5	856–61	856–61	NUM
cblr-5121	594	6	.	.	PUNCT
cblr-5121	595	1	161	161	NUM
cblr-5121	595	2	melcher	melcher	NOUN
cblr-5121	595	3	,	,	PUNCT
cblr-5121	595	4	644	644	NUM
cblr-5121	595	5	f.	f.	PROPN
cblr-5121	595	6	supp	supp	PROPN
cblr-5121	595	7	.	.	PUNCT
cblr-5121	596	1	at	at	ADP
cblr-5121	596	2	523–24	523–24	PROPN
cblr-5121	596	3	.	.	PUNCT
cblr-5121	597	1	see	see	VERB
cblr-5121	597	2	mark	mark	PROPN
cblr-5121	597	3	f.	f.	PROPN
cblr-5121	597	4	bernstein	bernstein	PROPN
cblr-5121	597	5	,	,	PUNCT
cblr-5121	597	6	note	note	VERB
cblr-5121	597	7	,	,	PUNCT
cblr-5121	597	8	the	the	DET
cblr-5121	597	9	federal	federal	ADJ
cblr-5121	597	10	open	open	ADJ
cblr-5121	597	11	market	market	NOUN
cblr-5121	597	12	committee	committee	NOUN
cblr-5121	597	13	and	and	CCONJ
cblr-5121	597	14	the	the	DET
cblr-5121	597	15	sharing	sharing	NOUN
cblr-5121	597	16	of	of	ADP
cblr-5121	597	17	governmental	governmental	ADJ
cblr-5121	597	18	power	power	NOUN
cblr-5121	597	19	with	with	ADP
cblr-5121	597	20	private	private	ADJ
cblr-5121	597	21	citizens	citizen	NOUN
cblr-5121	597	22	,	,	PUNCT
cblr-5121	597	23	75	75	NUM
cblr-5121	597	24	va	va	NOUN
cblr-5121	597	25	.	.	PUNCT
cblr-5121	598	1	l.	l.	PROPN
cblr-5121	598	2	rev	rev	PROPN
cblr-5121	598	3	.	.	PROPN
cblr-5121	598	4	111	111	NUM
cblr-5121	598	5	,	,	PUNCT
cblr-5121	598	6	133–37	133–37	NUM
cblr-5121	598	7	(	(	PUNCT
cblr-5121	598	8	1989	1989	NUM
cblr-5121	598	9	)	)	PUNCT
cblr-5121	598	10	for	for	ADP
cblr-5121	598	11	the	the	DET
cblr-5121	598	12	opposite	opposite	ADJ
cblr-5121	598	13	view	view	NOUN
cblr-5121	598	14	.	.	PUNCT
cblr-5121	599	1	162	162	NUM
cblr-5121	600	1	i	i	PRON
cblr-5121	600	2	d.	d.	VERB
cblr-5121	600	3	at	at	ADP
cblr-5121	600	4	524	524	NUM
cblr-5121	600	5	.	.	PUNCT
cblr-5121	600	6	163	163	NUM
cblr-5121	601	1	i	i	PRON
cblr-5121	601	2	d.	d.	PROPN
cblr-5121	601	3	at	at	ADP
cblr-5121	601	4	520–22	520–22	PROPN
cblr-5121	601	5	.	.	PUNCT
cblr-5121	602	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	602	2	(	(	PUNCT
cblr-5121	602	3	do	do	AUX
cblr-5121	602	4	not	not	PART
cblr-5121	602	5	delte	delte	VERB
cblr-5121	602	6	)	)	PUNCT
cblr-5121	602	7	1/3/2020	1/3/2020	NUM
cblr-5121	602	8	4:04	4:04	NUM
cblr-5121	602	9	pm	pm	NOUN
cblr-5121	602	10	1160	1160	NUM
cblr-5121	602	11	columbia	columbia	PROPN
cblr-5121	602	12	business	business	NOUN
cblr-5121	602	13	law	law	PROPN
cblr-5121	602	14	review	review	NOUN
cblr-5121	602	15	[	[	X
cblr-5121	602	16	vol	vol	NOUN
cblr-5121	602	17	.	.	NOUN
cblr-5121	602	18	2019	2019	NUM
cblr-5121	602	19	reasoning	reasoning	NOUN
cblr-5121	602	20	was	be	AUX
cblr-5121	602	21	“	"	PUNCT
cblr-5121	602	22	necessarily	necessarily	ADV
cblr-5121	602	23	narrow	narrow	ADJ
cblr-5121	602	24	,	,	PUNCT
cblr-5121	602	25	”	"	PUNCT
cblr-5121	602	26	and	and	CCONJ
cblr-5121	602	27	that	that	SCONJ
cblr-5121	602	28	the	the	DET
cblr-5121	602	29	“	"	PUNCT
cblr-5121	602	30	history	history	NOUN
cblr-5121	602	31	of	of	ADP
cblr-5121	602	32	private	private	ADJ
cblr-5121	602	33	participation	participation	NOUN
cblr-5121	602	34	”	"	PUNCT
cblr-5121	602	35	in	in	ADP
cblr-5121	602	36	monetary	monetary	ADJ
cblr-5121	602	37	policy	policy	NOUN
cblr-5121	602	38	“	"	PUNCT
cblr-5121	602	39	may	may	AUX
cblr-5121	602	40	well	well	ADV
cblr-5121	602	41	make	make	VERB
cblr-5121	602	42	a	a	DET
cblr-5121	602	43	significant	significant	ADJ
cblr-5121	602	44	difference	difference	NOUN
cblr-5121	602	45	in	in	ADP
cblr-5121	602	46	terms	term	NOUN
cblr-5121	602	47	of	of	ADP
cblr-5121	602	48	any	any	DET
cblr-5121	602	49	attempted	attempt	VERB
cblr-5121	602	50	delegation	delegation	NOUN
cblr-5121	602	51	”	"	PUNCT
cblr-5121	602	52	in	in	ADP
cblr-5121	602	53	another	another	DET
cblr-5121	602	54	sphere	sphere	NOUN
cblr-5121	602	55	of	of	ADP
cblr-5121	602	56	governmental	governmental	ADJ
cblr-5121	602	57	authority.164	authority.164	NOUN
cblr-5121	602	58	on	on	ADP
cblr-5121	602	59	appeal	appeal	NOUN
cblr-5121	602	60	,	,	PUNCT
cblr-5121	602	61	the	the	DET
cblr-5121	602	62	d.c	d.c	PROPN
cblr-5121	602	63	.	.	PROPN
cblr-5121	602	64	circuit	circuit	PROPN
cblr-5121	602	65	affirmed	affirm	VERB
cblr-5121	602	66	the	the	DET
cblr-5121	602	67	district	district	NOUN
cblr-5121	602	68	court	court	NOUN
cblr-5121	602	69	’s	’s	PART
cblr-5121	602	70	dismissal	dismissal	NOUN
cblr-5121	602	71	of	of	ADP
cblr-5121	602	72	the	the	DET
cblr-5121	602	73	case	case	NOUN
cblr-5121	602	74	,	,	PUNCT
cblr-5121	602	75	but	but	CCONJ
cblr-5121	602	76	avoided	avoid	VERB
cblr-5121	602	77	ruling	ruling	NOUN
cblr-5121	602	78	on	on	ADP
cblr-5121	602	79	the	the	DET
cblr-5121	602	80	merits	merit	NOUN
cblr-5121	602	81	of	of	ADP
cblr-5121	602	82	the	the	DET
cblr-5121	602	83	appointments	appointment	NOUN
cblr-5121	602	84	clause	clause	NOUN
cblr-5121	602	85	challenge	challenge	NOUN
cblr-5121	602	86	by	by	ADP
cblr-5121	602	87	citing	cite	VERB
cblr-5121	602	88	the	the	DET
cblr-5121	602	89	“	"	PUNCT
cblr-5121	602	90	insurmountable	insurmountable	ADJ
cblr-5121	602	91	barrier	barrier	NOUN
cblr-5121	602	92	”	"	PUNCT
cblr-5121	602	93	of	of	ADP
cblr-5121	602	94	equitable	equitable	ADJ
cblr-5121	602	95	discretion	discretion	NOUN
cblr-5121	602	96	and	and	CCONJ
cblr-5121	602	97	the	the	DET
cblr-5121	602	98	fact	fact	NOUN
cblr-5121	602	99	that	that	SCONJ
cblr-5121	602	100	the	the	DET
cblr-5121	602	101	congressman	congressman	NOUN
cblr-5121	602	102	who	who	PRON
cblr-5121	602	103	had	have	AUX
cblr-5121	602	104	brought	bring	VERB
cblr-5121	602	105	the	the	DET
cblr-5121	602	106	suit	suit	NOUN
cblr-5121	602	107	“	"	PUNCT
cblr-5121	602	108	could	could	AUX
cblr-5121	602	109	obtain	obtain	VERB
cblr-5121	602	110	substantial	substantial	ADJ
cblr-5121	602	111	relief	relief	NOUN
cblr-5121	602	112	from	from	ADP
cblr-5121	602	113	his	his	PRON
cblr-5121	602	114	fellow	fellow	ADJ
cblr-5121	602	115	legislators	legislator	NOUN
cblr-5121	602	116	”	"	PUNCT
cblr-5121	602	117	through	through	ADP
cblr-5121	602	118	the	the	DET
cblr-5121	602	119	legislative	legislative	ADJ
cblr-5121	602	120	process.165	process.165	NOUN
cblr-5121	602	121	while	while	SCONJ
cblr-5121	602	122	the	the	DET
cblr-5121	602	123	melcher	melcher	NOUN
cblr-5121	602	124	court	court	NOUN
cblr-5121	602	125	thus	thus	ADV
cblr-5121	602	126	found	find	VERB
cblr-5121	602	127	the	the	DET
cblr-5121	602	128	tension	tension	NOUN
cblr-5121	602	129	between	between	ADP
cblr-5121	602	130	the	the	DET
cblr-5121	602	131	appointments	appointment	NOUN
cblr-5121	602	132	clause	clause	NOUN
cblr-5121	602	133	and	and	CCONJ
cblr-5121	602	134	the	the	DET
cblr-5121	602	135	quasi	quasi	ADJ
cblr-5121	602	136	-	-	ADJ
cblr-5121	602	137	private	private	ADJ
cblr-5121	602	138	reserve	reserve	NOUN
cblr-5121	602	139	banks	bank	NOUN
cblr-5121	602	140	reconcilable	reconcilable	ADJ
cblr-5121	602	141	,	,	PUNCT
cblr-5121	602	142	the	the	DET
cblr-5121	602	143	possibility	possibility	NOUN
cblr-5121	602	144	that	that	SCONJ
cblr-5121	602	145	such	such	DET
cblr-5121	602	146	a	a	DET
cblr-5121	602	147	holding	holding	NOUN
cblr-5121	602	148	would	would	AUX
cblr-5121	602	149	recur	recur	VERB
cblr-5121	602	150	today	today	NOUN
cblr-5121	602	151	,	,	PUNCT
cblr-5121	602	152	more	more	ADJ
cblr-5121	602	153	than	than	ADP
cblr-5121	602	154	three	three	NUM
cblr-5121	602	155	decades	decade	NOUN
cblr-5121	602	156	later	later	ADV
cblr-5121	602	157	,	,	PUNCT
cblr-5121	602	158	is	be	AUX
cblr-5121	602	159	likely	likely	ADV
cblr-5121	602	160	slim	slim	ADJ
cblr-5121	602	161	.	.	PUNCT
cblr-5121	603	1	the	the	DET
cblr-5121	603	2	supreme	supreme	PROPN
cblr-5121	603	3	court	court	PROPN
cblr-5121	603	4	and	and	CCONJ
cblr-5121	603	5	d.c	d.c	PROPN
cblr-5121	603	6	.	.	PROPN
cblr-5121	603	7	circuit	circuit	PROPN
cblr-5121	603	8	’s	’s	PART
cblr-5121	603	9	recent	recent	ADJ
cblr-5121	603	10	treatment	treatment	NOUN
cblr-5121	603	11	of	of	ADP
cblr-5121	603	12	another	another	DET
cblr-5121	603	13	quasi	quasi	ADJ
cblr-5121	603	14	-	-	ADJ
cblr-5121	603	15	governmental	governmental	ADJ
cblr-5121	603	16	“	"	PUNCT
cblr-5121	603	17	boundary	boundary	ADJ
cblr-5121	603	18	organization	organization	NOUN
cblr-5121	603	19	,	,	PUNCT
cblr-5121	603	20	”	"	PUNCT
cblr-5121	603	21	amtrak	amtrak	PROPN
cblr-5121	603	22	,	,	PUNCT
cblr-5121	603	23	demonstrates	demonstrate	VERB
cblr-5121	603	24	the	the	DET
cblr-5121	603	25	application	application	NOUN
cblr-5121	603	26	of	of	ADP
cblr-5121	603	27	constitutional	constitutional	ADJ
cblr-5121	603	28	standards	standard	NOUN
cblr-5121	603	29	to	to	ADP
cblr-5121	603	30	other	other	ADJ
cblr-5121	603	31	government	government	NOUN
cblr-5121	603	32	-	-	PUNCT
cblr-5121	603	33	created	create	VERB
cblr-5121	603	34	private	private	ADJ
cblr-5121	603	35	entities	entity	NOUN
cblr-5121	603	36	.	.	PUNCT
cblr-5121	604	1	in	in	ADP
cblr-5121	604	2	department	department	PROPN
cblr-5121	604	3	of	of	ADP
cblr-5121	604	4	transportation	transportation	NOUN
cblr-5121	604	5	v.	v.	ADP
cblr-5121	604	6	ass’n	ass’n	NOUN
cblr-5121	604	7	of	of	ADP
cblr-5121	604	8	american	american	ADJ
cblr-5121	604	9	railroads	railroad	NOUN
cblr-5121	604	10	,	,	PUNCT
cblr-5121	604	11	the	the	DET
cblr-5121	604	12	supreme	supreme	PROPN
cblr-5121	604	13	court	court	PROPN
cblr-5121	604	14	held	hold	VERB
cblr-5121	604	15	that	that	SCONJ
cblr-5121	604	16	amtrak	amtrak	PROPN
cblr-5121	604	17	was	be	AUX
cblr-5121	604	18	a	a	DET
cblr-5121	604	19	governmental	governmental	ADJ
cblr-5121	604	20	entity	entity	NOUN
cblr-5121	604	21	for	for	ADP
cblr-5121	604	22	the	the	DET
cblr-5121	604	23	purposes	purpose	NOUN
cblr-5121	604	24	of	of	ADP
cblr-5121	604	25	the	the	DET
cblr-5121	604	26	nondelegation	nondelegation	NOUN
cblr-5121	604	27	doctrine.166	doctrine.166	PROPN
cblr-5121	604	28	in	in	ADP
cblr-5121	604	29	a	a	DET
cblr-5121	604	30	concurring	concurring	NOUN
cblr-5121	604	31	opinion	opinion	NOUN
cblr-5121	604	32	,	,	PUNCT
cblr-5121	604	33	justice	justice	PROPN
cblr-5121	604	34	alito	alito	PROPN
cblr-5121	604	35	questioned	question	VERB
cblr-5121	604	36	the	the	DET
cblr-5121	604	37	validity	validity	NOUN
cblr-5121	604	38	of	of	ADP
cblr-5121	604	39	the	the	DET
cblr-5121	604	40	process	process	NOUN
cblr-5121	604	41	for	for	ADP
cblr-5121	604	42	appointing	appoint	VERB
cblr-5121	604	43	both	both	CCONJ
cblr-5121	604	44	the	the	DET
cblr-5121	604	45	arbitrator	arbitrator	NOUN
cblr-5121	604	46	tasked	task	VERB
cblr-5121	604	47	with	with	ADP
cblr-5121	604	48	resolving	resolve	VERB
cblr-5121	604	49	regulatory	regulatory	ADJ
cblr-5121	604	50	disagreements	disagreement	NOUN
cblr-5121	604	51	between	between	ADP
cblr-5121	604	52	amtrak	amtrak	PROPN
cblr-5121	604	53	and	and	CCONJ
cblr-5121	604	54	the	the	DET
cblr-5121	604	55	federal	federal	ADJ
cblr-5121	604	56	railroad	railroad	NOUN
cblr-5121	604	57	administration	administration	PROPN
cblr-5121	604	58	and	and	CCONJ
cblr-5121	604	59	amtrak	amtrak	PROPN
cblr-5121	604	60	’s	’s	PART
cblr-5121	604	61	president.167	president.167	ADV
cblr-5121	604	62	on	on	ADP
cblr-5121	604	63	remand	remand	NOUN
cblr-5121	604	64	,	,	PUNCT
cblr-5121	604	65	the	the	DET
cblr-5121	604	66	d.c	d.c	PROPN
cblr-5121	604	67	.	.	PROPN
cblr-5121	604	68	circuit	circuit	PROPN
cblr-5121	604	69	invalidated	invalidate	VERB
cblr-5121	604	70	the	the	DET
cblr-5121	604	71	appointment	appointment	NOUN
cblr-5121	604	72	procedure	procedure	NOUN
cblr-5121	604	73	for	for	ADP
cblr-5121	604	74	the	the	DET
cblr-5121	604	75	arbitrator	arbitrator	NOUN
cblr-5121	604	76	tasked	task	VERB
cblr-5121	604	77	with	with	ADP
cblr-5121	604	78	resolving	resolve	VERB
cblr-5121	604	79	performance	performance	NOUN
cblr-5121	604	80	metrics	metric	NOUN
cblr-5121	604	81	and	and	CCONJ
cblr-5121	604	82	standards	standard	NOUN
cblr-5121	604	83	disputes	dispute	NOUN
cblr-5121	604	84	between	between	ADP
cblr-5121	604	85	amtrak	amtrak	PROPN
cblr-5121	604	86	and	and	CCONJ
cblr-5121	604	87	the	the	DET
cblr-5121	604	88	federal	federal	ADJ
cblr-5121	604	89	railroad	railroad	NOUN
cblr-5121	604	90	administration	administration	NOUN
cblr-5121	604	91	,	,	PUNCT
cblr-5121	604	92	as	as	ADP
cblr-5121	604	93	the	the	DET
cblr-5121	604	94	arbitrator	arbitrator	NOUN
cblr-5121	604	95	164	164	NUM
cblr-5121	604	96	i	i	PROPN
cblr-5121	604	97	d.	d.	PROPN
cblr-5121	604	98	at	at	ADP
cblr-5121	604	99	523	523	NUM
cblr-5121	604	100	.	.	PUNCT
cblr-5121	605	1	165	165	NUM
cblr-5121	605	2	melcher	melcher	NOUN
cblr-5121	605	3	v.	v.	ADP
cblr-5121	605	4	fed	fed	PROPN
cblr-5121	605	5	.	.	PUNCT
cblr-5121	606	1	open	open	PROPN
cblr-5121	606	2	mkt	mkt	PROPN
cblr-5121	606	3	.	.	PROPN
cblr-5121	606	4	comm	comm	NOUN
cblr-5121	606	5	.	.	PUNCT
cblr-5121	607	1	,	,	PUNCT
cblr-5121	607	2	836	836	NUM
cblr-5121	607	3	f.2d	f.2d	ADP
cblr-5121	607	4	561	561	NUM
cblr-5121	607	5	,	,	PUNCT
cblr-5121	607	6	562–63	562–63	NUM
cblr-5121	607	7	(	(	PUNCT
cblr-5121	607	8	d.c	d.c	PROPN
cblr-5121	607	9	.	.	PROPN
cblr-5121	607	10	cir	cir	PROPN
cblr-5121	607	11	.	.	PROPN
cblr-5121	607	12	1987	1987	NUM
cblr-5121	607	13	)	)	PUNCT
cblr-5121	608	1	(	(	PUNCT
cblr-5121	608	2	citing	cite	VERB
cblr-5121	608	3	riegle	riegle	PROPN
cblr-5121	608	4	v.	v.	ADP
cblr-5121	608	5	fed	fed	PROPN
cblr-5121	608	6	.	.	PUNCT
cblr-5121	609	1	open	open	PROPN
cblr-5121	609	2	mkt	mkt	PROPN
cblr-5121	609	3	.	.	PROPN
cblr-5121	609	4	comm	comm	NOUN
cblr-5121	609	5	.	.	PUNCT
cblr-5121	610	1	,	,	PUNCT
cblr-5121	610	2	656	656	NUM
cblr-5121	610	3	f.2d	f.2d	NUM
cblr-5121	610	4	873	873	NUM
cblr-5121	610	5	(	(	PUNCT
cblr-5121	610	6	d.c	d.c	PROPN
cblr-5121	610	7	.	.	PROPN
cblr-5121	610	8	cir	cir	PROPN
cblr-5121	610	9	.	.	PROPN
cblr-5121	610	10	1981	1981	NUM
cblr-5121	610	11	)	)	PUNCT
cblr-5121	610	12	(	(	PUNCT
cblr-5121	610	13	internal	internal	ADJ
cblr-5121	610	14	quotation	quotation	NOUN
cblr-5121	610	15	marks	mark	NOUN
cblr-5121	610	16	omitted	omit	VERB
cblr-5121	610	17	)	)	PUNCT
cblr-5121	610	18	.	.	PUNCT
cblr-5121	611	1	166	166	NUM
cblr-5121	611	2	dep’t	dep’t	NOUN
cblr-5121	611	3	of	of	ADP
cblr-5121	611	4	transp	transp	PROPN
cblr-5121	611	5	.	.	PUNCT
cblr-5121	612	1	v.	v.	ADP
cblr-5121	612	2	assoc	assoc	PROPN
cblr-5121	612	3	.	.	PUNCT
cblr-5121	613	1	of	of	ADP
cblr-5121	613	2	am	be	AUX
cblr-5121	613	3	.	.	PUNCT
cblr-5121	614	1	r.rs	r.rs	NOUN
cblr-5121	614	2	.	.	PROPN
cblr-5121	614	3	,	,	PUNCT
cblr-5121	614	4	135	135	NUM
cblr-5121	614	5	s.	s.	PROPN
cblr-5121	614	6	ct	ct	PROPN
cblr-5121	614	7	.	.	PROPN
cblr-5121	614	8	1225	1225	NUM
cblr-5121	614	9	,	,	PUNCT
cblr-5121	614	10	1233	1233	NUM
cblr-5121	614	11	(	(	PUNCT
cblr-5121	614	12	2015	2015	NUM
cblr-5121	614	13	)	)	PUNCT
cblr-5121	614	14	.	.	PUNCT
cblr-5121	615	1	167	167	NUM
cblr-5121	616	1	i	i	PRON
cblr-5121	616	2	d.	d.	NOUN
cblr-5121	616	3	at	at	ADP
cblr-5121	616	4	1236–40	1236–40	PROPN
cblr-5121	616	5	(	(	PUNCT
cblr-5121	616	6	alito	alito	PROPN
cblr-5121	616	7	,	,	PUNCT
cblr-5121	616	8	j.	j.	PROPN
cblr-5121	616	9	,	,	PUNCT
cblr-5121	616	10	concurring	concur	VERB
cblr-5121	616	11	)	)	PUNCT
cblr-5121	616	12	.	.	PUNCT
cblr-5121	617	1	justice	justice	PROPN
cblr-5121	617	2	alito	alito	PROPN
cblr-5121	617	3	argued	argue	VERB
cblr-5121	617	4	that	that	SCONJ
cblr-5121	617	5	the	the	DET
cblr-5121	617	6	non	non	ADJ
cblr-5121	617	7	-	-	ADJ
cblr-5121	617	8	presidentially	presidentially	ADJ
cblr-5121	617	9	appointed	appoint	VERB
cblr-5121	617	10	arbitrator	arbitrator	NOUN
cblr-5121	617	11	,	,	PUNCT
cblr-5121	617	12	if	if	SCONJ
cblr-5121	617	13	a	a	DET
cblr-5121	617	14	public	public	ADJ
cblr-5121	617	15	official	official	NOUN
cblr-5121	617	16	,	,	PUNCT
cblr-5121	617	17	“	"	PUNCT
cblr-5121	617	18	would	would	AUX
cblr-5121	617	19	be	be	AUX
cblr-5121	617	20	making	make	VERB
cblr-5121	617	21	law	law	NOUN
cblr-5121	617	22	without	without	ADP
cblr-5121	617	23	supervision”—and	supervision”—and	NOUN
cblr-5121	617	24	“	"	PUNCT
cblr-5121	617	25	an	an	DET
cblr-5121	617	26	officer	officer	NOUN
cblr-5121	617	27	without	without	ADP
cblr-5121	617	28	a	a	DET
cblr-5121	617	29	supervisor	supervisor	NOUN
cblr-5121	617	30	must	must	AUX
cblr-5121	617	31	be	be	AUX
cblr-5121	617	32	principal	principal	ADJ
cblr-5121	617	33	.	.	PUNCT
cblr-5121	617	34	”	"	PUNCT
cblr-5121	618	1	i	i	PRON
cblr-5121	618	2	d.	d.	PROPN
cblr-5121	618	3	at	at	ADP
cblr-5121	618	4	1238	1238	NUM
cblr-5121	618	5	.	.	PUNCT
cblr-5121	619	1	justice	justice	PROPN
cblr-5121	619	2	alito	alito	PROPN
cblr-5121	619	3	further	far	ADV
cblr-5121	619	4	contended	contend	VERB
cblr-5121	619	5	that	that	SCONJ
cblr-5121	619	6	the	the	DET
cblr-5121	619	7	appointment	appointment	NOUN
cblr-5121	619	8	procedure	procedure	NOUN
cblr-5121	619	9	for	for	ADP
cblr-5121	619	10	amtrak	amtrak	PROPN
cblr-5121	619	11	’s	’s	PART
cblr-5121	619	12	president	president	NOUN
cblr-5121	619	13	met	meet	VERB
cblr-5121	619	14	neither	neither	CCONJ
cblr-5121	619	15	the	the	DET
cblr-5121	619	16	standard	standard	NOUN
cblr-5121	619	17	for	for	ADP
cblr-5121	619	18	principal	principal	ADJ
cblr-5121	619	19	nor	nor	CCONJ
cblr-5121	619	20	inferior	inferior	ADJ
cblr-5121	619	21	officers	officer	NOUN
cblr-5121	619	22	.	.	PUNCT
cblr-5121	620	1	i	i	PRON
cblr-5121	620	2	d.	d.	VERB
cblr-5121	620	3	at	at	ADP
cblr-5121	620	4	1239–40	1239–40	NUM
cblr-5121	620	5	.	.	PUNCT
cblr-5121	621	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	621	2	(	(	PUNCT
cblr-5121	621	3	do	do	AUX
cblr-5121	621	4	not	not	PART
cblr-5121	621	5	delete	delete	VERB
cblr-5121	621	6	)	)	PUNCT
cblr-5121	621	7	1/3/2020	1/3/2020	NUM
cblr-5121	621	8	4:04	4:04	NUM
cblr-5121	621	9	pm	pm	NOUN
cblr-5121	621	10	no	no	NOUN
cblr-5121	621	11	.	.	PUNCT
cblr-5121	622	1	3:1123	3:1123	NUM
cblr-5121	622	2	]	]	PUNCT
cblr-5121	622	3	insider	insider	NOUN
cblr-5121	622	4	interest	interest	NOUN
cblr-5121	622	5	,	,	PUNCT
cblr-5121	622	6	not	not	PART
cblr-5121	622	7	industry	industry	NOUN
cblr-5121	622	8	influence	influence	NOUN
cblr-5121	622	9	1161	1161	NUM
cblr-5121	622	10	was	be	AUX
cblr-5121	622	11	not	not	PART
cblr-5121	622	12	directed	direct	VERB
cblr-5121	622	13	or	or	CCONJ
cblr-5121	622	14	supervised	supervise	VERB
cblr-5121	622	15	by	by	ADP
cblr-5121	622	16	a	a	DET
cblr-5121	622	17	senate	senate	PROPN
cblr-5121	622	18	-	-	PUNCT
cblr-5121	622	19	confirmed	confirm	VERB
cblr-5121	622	20	principal	principal	ADJ
cblr-5121	622	21	officer.168	officer.168	NOUN
cblr-5121	622	22	thus	thus	ADV
cblr-5121	622	23	,	,	PUNCT
cblr-5121	622	24	in	in	ADP
cblr-5121	622	25	recent	recent	ADJ
cblr-5121	622	26	cases	case	NOUN
cblr-5121	622	27	where	where	SCONJ
cblr-5121	622	28	the	the	DET
cblr-5121	622	29	appointment	appointment	NOUN
cblr-5121	622	30	process	process	NOUN
cblr-5121	622	31	for	for	ADP
cblr-5121	622	32	other	other	ADJ
cblr-5121	622	33	quasi	quasi	ADJ
cblr-5121	622	34	-	-	ADJ
cblr-5121	622	35	governmental	governmental	ADJ
cblr-5121	622	36	entity	entity	NOUN
cblr-5121	622	37	officials	official	NOUN
cblr-5121	622	38	faced	face	VERB
cblr-5121	622	39	judicial	judicial	ADJ
cblr-5121	622	40	scrutiny	scrutiny	NOUN
cblr-5121	622	41	,	,	PUNCT
cblr-5121	622	42	both	both	CCONJ
cblr-5121	622	43	the	the	DET
cblr-5121	622	44	supreme	supreme	PROPN
cblr-5121	622	45	court	court	PROPN
cblr-5121	622	46	and	and	CCONJ
cblr-5121	622	47	d.c	d.c	PROPN
cblr-5121	622	48	.	.	PROPN
cblr-5121	622	49	circuit	circuit	PROPN
cblr-5121	622	50	have	have	AUX
cblr-5121	622	51	proven	prove	VERB
cblr-5121	622	52	willing	willing	ADJ
cblr-5121	622	53	to	to	PART
cblr-5121	622	54	apply	apply	VERB
cblr-5121	622	55	constitutional	constitutional	ADJ
cblr-5121	622	56	requirements	requirement	NOUN
cblr-5121	622	57	to	to	ADP
cblr-5121	622	58	such	such	ADJ
cblr-5121	622	59	“	"	PUNCT
cblr-5121	622	60	boundary	boundary	ADJ
cblr-5121	622	61	organizations	organization	NOUN
cblr-5121	622	62	.	.	PUNCT
cblr-5121	622	63	”	"	PUNCT
cblr-5121	623	1	as	as	ADP
cblr-5121	623	2	a	a	DET
cblr-5121	623	3	result	result	NOUN
cblr-5121	623	4	,	,	PUNCT
cblr-5121	623	5	given	give	VERB
cblr-5121	623	6	the	the	DET
cblr-5121	623	7	doctrinally	doctrinally	ADV
cblr-5121	623	8	tenuous	tenuous	ADJ
cblr-5121	623	9	status	status	NOUN
cblr-5121	623	10	of	of	ADP
cblr-5121	623	11	the	the	DET
cblr-5121	623	12	reserve	reserve	NOUN
cblr-5121	623	13	banks	bank	NOUN
cblr-5121	623	14	,	,	PUNCT
cblr-5121	623	15	examining	examine	VERB
cblr-5121	623	16	whether	whether	SCONJ
cblr-5121	623	17	their	their	PRON
cblr-5121	623	18	organizational	organizational	ADJ
cblr-5121	623	19	structure	structure	NOUN
cblr-5121	623	20	privileges	privilege	VERB
cblr-5121	623	21	private	private	ADJ
cblr-5121	623	22	interests	interest	NOUN
cblr-5121	623	23	is	be	AUX
cblr-5121	623	24	necessary	necessary	ADJ
cblr-5121	623	25	.	.	PUNCT
cblr-5121	624	1	should	should	AUX
cblr-5121	624	2	the	the	DET
cblr-5121	624	3	makeup	makeup	NOUN
cblr-5121	624	4	of	of	ADP
cblr-5121	624	5	the	the	DET
cblr-5121	624	6	reserve	reserve	PROPN
cblr-5121	624	7	bank	bank	PROPN
cblr-5121	624	8	presidents	president	NOUN
cblr-5121	624	9	indeed	indeed	ADV
cblr-5121	624	10	reflect	reflect	VERB
cblr-5121	624	11	undue	undue	ADJ
cblr-5121	624	12	influence	influence	NOUN
cblr-5121	624	13	of	of	ADP
cblr-5121	624	14	industry	industry	NOUN
cblr-5121	624	15	,	,	PUNCT
cblr-5121	624	16	remedying	remedy	VERB
cblr-5121	624	17	the	the	DET
cblr-5121	624	18	constitutional	constitutional	ADJ
cblr-5121	624	19	shortcomings	shortcoming	NOUN
cblr-5121	624	20	of	of	ADP
cblr-5121	624	21	their	their	PRON
cblr-5121	624	22	appointments	appointment	NOUN
cblr-5121	624	23	procedure	procedure	NOUN
cblr-5121	624	24	would	would	AUX
cblr-5121	624	25	be	be	AUX
cblr-5121	624	26	even	even	ADV
cblr-5121	624	27	more	more	ADV
cblr-5121	624	28	pressing	pressing	ADJ
cblr-5121	624	29	.	.	PUNCT
cblr-5121	625	1	this	this	DET
cblr-5121	625	2	note	note	NOUN
cblr-5121	625	3	thus	thus	ADV
cblr-5121	625	4	concludes	conclude	VERB
cblr-5121	625	5	by	by	ADP
cblr-5121	625	6	examining	examine	VERB
cblr-5121	625	7	the	the	DET
cblr-5121	625	8	central	central	ADJ
cblr-5121	625	9	critique	critique	NOUN
cblr-5121	625	10	lobbed	lob	VERB
cblr-5121	625	11	at	at	ADP
cblr-5121	625	12	the	the	DET
cblr-5121	625	13	reserve	reserve	NOUN
cblr-5121	625	14	banks	bank	NOUN
cblr-5121	625	15	:	:	PUNCT
cblr-5121	625	16	that	that	SCONJ
cblr-5121	625	17	their	their	PRON
cblr-5121	625	18	institutional	institutional	ADJ
cblr-5121	625	19	arrangement	arrangement	NOUN
cblr-5121	625	20	increases	increase	VERB
cblr-5121	625	21	the	the	DET
cblr-5121	625	22	risk	risk	NOUN
cblr-5121	625	23	of	of	ADP
cblr-5121	625	24	private	private	ADJ
cblr-5121	625	25	industry	industry	NOUN
cblr-5121	625	26	capture	capture	NOUN
cblr-5121	625	27	by	by	ADP
cblr-5121	625	28	involving	involve	VERB
cblr-5121	625	29	private	private	ADJ
cblr-5121	625	30	citizens	citizen	NOUN
cblr-5121	625	31	in	in	ADP
cblr-5121	625	32	the	the	DET
cblr-5121	625	33	selection	selection	NOUN
cblr-5121	625	34	of	of	ADP
cblr-5121	625	35	their	their	PRON
cblr-5121	625	36	presidents	president	NOUN
cblr-5121	625	37	.	.	PUNCT
cblr-5121	626	1	v.	v.	CCONJ
cblr-5121	626	2	against	against	ADP
cblr-5121	626	3	the	the	DET
cblr-5121	626	4	grain	grain	NOUN
cblr-5121	626	5	:	:	PUNCT
cblr-5121	626	6	the	the	DET
cblr-5121	626	7	results	result	NOUN
cblr-5121	626	8	of	of	ADP
cblr-5121	626	9	federal	federal	PROPN
cblr-5121	626	10	reserve	reserve	PROPN
cblr-5121	626	11	bank	bank	PROPN
cblr-5121	626	12	appointments	appointments	PROPN
cblr-5121	626	13	a.	a.	PROPN
cblr-5121	626	14	reserve	reserve	PROPN
cblr-5121	626	15	bank	bank	PROPN
cblr-5121	626	16	presidential	presidential	ADJ
cblr-5121	626	17	appointments	appointment	NOUN
cblr-5121	626	18	in	in	ADP
cblr-5121	626	19	practice	practice	NOUN
cblr-5121	626	20	although	although	SCONJ
cblr-5121	626	21	the	the	DET
cblr-5121	626	22	constitutional	constitutional	ADJ
cblr-5121	626	23	issues	issue	NOUN
cblr-5121	626	24	raised	raise	VERB
cblr-5121	626	25	by	by	ADP
cblr-5121	626	26	reserve	reserve	PROPN
cblr-5121	626	27	bank	bank	NOUN
cblr-5121	626	28	presidential	presidential	ADJ
cblr-5121	626	29	appointments	appointment	NOUN
cblr-5121	626	30	and	and	CCONJ
cblr-5121	626	31	removal	removal	NOUN
cblr-5121	626	32	are	be	AUX
cblr-5121	626	33	consequential	consequential	ADJ
cblr-5121	626	34	,	,	PUNCT
cblr-5121	626	35	the	the	DET
cblr-5121	626	36	link	link	NOUN
cblr-5121	626	37	between	between	ADP
cblr-5121	626	38	them	they	PRON
cblr-5121	626	39	and	and	CCONJ
cblr-5121	626	40	the	the	DET
cblr-5121	626	41	potential	potential	NOUN
cblr-5121	626	42	for	for	ADP
cblr-5121	626	43	undue	undue	ADJ
cblr-5121	626	44	influence	influence	NOUN
cblr-5121	626	45	by	by	ADP
cblr-5121	626	46	financial	financial	ADJ
cblr-5121	626	47	interests	interest	NOUN
cblr-5121	626	48	is	be	AUX
cblr-5121	626	49	less	less	ADV
cblr-5121	626	50	clear	clear	ADJ
cblr-5121	626	51	.	.	PUNCT
cblr-5121	627	1	most	most	ADV
cblr-5121	627	2	notably	notably	ADV
cblr-5121	627	3	,	,	PUNCT
cblr-5121	627	4	for	for	ADP
cblr-5121	627	5	a	a	DET
cblr-5121	627	6	process	process	NOUN
cblr-5121	627	7	criticized	criticize	VERB
cblr-5121	627	8	as	as	ADV
cblr-5121	627	9	beholden	beholden	ADJ
cblr-5121	627	10	to	to	ADP
cblr-5121	627	11	private	private	ADJ
cblr-5121	627	12	interests	interest	NOUN
cblr-5121	627	13	—	—	PUNCT
cblr-5121	627	14	the	the	DET
cblr-5121	627	15	interests	interest	NOUN
cblr-5121	627	16	of	of	ADP
cblr-5121	627	17	regulated	regulated	ADJ
cblr-5121	627	18	entities	entity	NOUN
cblr-5121	627	19	,	,	PUNCT
cblr-5121	627	20	no	no	DET
cblr-5121	627	21	less	less	ADJ
cblr-5121	627	22	—	—	PUNCT
cblr-5121	627	23	recent	recent	ADJ
cblr-5121	627	24	reserve	reserve	PROPN
cblr-5121	627	25	bank	bank	PROPN
cblr-5121	627	26	appointments	appointment	NOUN
cblr-5121	627	27	have	have	AUX
cblr-5121	627	28	almost	almost	ADV
cblr-5121	627	29	overwhelmingly	overwhelmingly	ADV
cblr-5121	627	30	been	be	AUX
cblr-5121	627	31	drawn	draw	VERB
cblr-5121	627	32	not	not	PART
cblr-5121	627	33	from	from	ADP
cblr-5121	627	34	finance	finance	NOUN
cblr-5121	627	35	or	or	CCONJ
cblr-5121	627	36	the	the	DET
cblr-5121	627	37	private	private	ADJ
cblr-5121	627	38	sector	sector	NOUN
cblr-5121	627	39	more	more	ADV
cblr-5121	627	40	generally	generally	ADV
cblr-5121	627	41	,	,	PUNCT
cblr-5121	627	42	but	but	CCONJ
cblr-5121	627	43	from	from	ADP
cblr-5121	627	44	within	within	ADP
cblr-5121	627	45	the	the	DET
cblr-5121	627	46	federal	federal	PROPN
cblr-5121	627	47	reserve	reserve	PROPN
cblr-5121	627	48	itself	itself	PRON
cblr-5121	627	49	.	.	PUNCT
cblr-5121	628	1	indeed	indeed	ADV
cblr-5121	628	2	,	,	PUNCT
cblr-5121	628	3	only	only	ADV
cblr-5121	628	4	two	two	NUM
cblr-5121	628	5	current	current	ADJ
cblr-5121	628	6	reserve	reserve	PROPN
cblr-5121	628	7	bank	bank	PROPN
cblr-5121	628	8	presidents	president	NOUN
cblr-5121	628	9	are	be	AUX
cblr-5121	628	10	veterans	veteran	NOUN
cblr-5121	628	11	of	of	ADP
cblr-5121	628	12	the	the	DET
cblr-5121	628	13	financial	financial	ADJ
cblr-5121	628	14	industry	industry	NOUN
cblr-5121	628	15	:	:	PUNCT
cblr-5121	628	16	robert	robert	PROPN
cblr-5121	628	17	kaplan	kaplan	PROPN
cblr-5121	628	18	,	,	PUNCT
cblr-5121	628	19	president	president	NOUN
cblr-5121	628	20	of	of	ADP
cblr-5121	628	21	the	the	DET
cblr-5121	628	22	federal	federal	PROPN
cblr-5121	628	23	reserve	reserve	PROPN
cblr-5121	628	24	bank	bank	PROPN
cblr-5121	628	25	of	of	ADP
cblr-5121	628	26	dallas	dallas	PROPN
cblr-5121	628	27	and	and	CCONJ
cblr-5121	628	28	neel	neel	PROPN
cblr-5121	628	29	kashkari	kashkari	PROPN
cblr-5121	628	30	,	,	PUNCT
cblr-5121	628	31	168	168	NUM
cblr-5121	628	32	assoc	assoc	NOUN
cblr-5121	628	33	.	.	PUNCT
cblr-5121	629	1	of	of	ADP
cblr-5121	629	2	am	be	AUX
cblr-5121	629	3	.	.	PUNCT
cblr-5121	630	1	r.rs	r.rs	NOUN
cblr-5121	630	2	.	.	PROPN
cblr-5121	631	1	v.	v.	PROPN
cblr-5121	631	2	u.s	u.s	PROPN
cblr-5121	631	3	.	.	PROPN
cblr-5121	631	4	dep’t	dep’t	PROPN
cblr-5121	631	5	of	of	ADP
cblr-5121	631	6	transp	transp	PROPN
cblr-5121	631	7	.	.	PUNCT
cblr-5121	632	1	,	,	PUNCT
cblr-5121	632	2	821	821	NUM
cblr-5121	632	3	f.3d	f.3d	NUM
cblr-5121	632	4	19	19	NUM
cblr-5121	632	5	,	,	PUNCT
cblr-5121	632	6	39	39	NUM
cblr-5121	632	7	(	(	PUNCT
cblr-5121	632	8	d.c	d.c	PROPN
cblr-5121	632	9	.	.	PROPN
cblr-5121	632	10	cir	cir	PROPN
cblr-5121	632	11	.	.	PROPN
cblr-5121	633	1	2016	2016	NUM
cblr-5121	633	2	)	)	PUNCT
cblr-5121	633	3	.	.	PUNCT
cblr-5121	634	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	634	2	(	(	PUNCT
cblr-5121	634	3	do	do	AUX
cblr-5121	634	4	not	not	PART
cblr-5121	634	5	delte	delte	VERB
cblr-5121	634	6	)	)	PUNCT
cblr-5121	634	7	1/3/2020	1/3/2020	NUM
cblr-5121	634	8	4:04	4:04	NUM
cblr-5121	634	9	pm	pm	NOUN
cblr-5121	634	10	1162	1162	NUM
cblr-5121	634	11	columbia	columbia	PROPN
cblr-5121	634	12	business	business	NOUN
cblr-5121	634	13	law	law	PROPN
cblr-5121	634	14	review	review	NOUN
cblr-5121	634	15	[	[	X
cblr-5121	634	16	vol	vol	NOUN
cblr-5121	634	17	.	.	PUNCT
cblr-5121	634	18	2019	2019	NUM
cblr-5121	634	19	president	president	NOUN
cblr-5121	634	20	of	of	ADP
cblr-5121	634	21	the	the	DET
cblr-5121	634	22	federal	federal	PROPN
cblr-5121	634	23	reserve	reserve	PROPN
cblr-5121	634	24	bank	bank	PROPN
cblr-5121	634	25	of	of	ADP
cblr-5121	634	26	minneapolis.169	minneapolis.169	PROPN
cblr-5121	634	27	nearly	nearly	ADV
cblr-5121	634	28	all	all	PRON
cblr-5121	634	29	of	of	ADP
cblr-5121	634	30	the	the	DET
cblr-5121	634	31	remaining	remain	VERB
cblr-5121	634	32	reserve	reserve	NOUN
cblr-5121	634	33	bank	bank	NOUN
cblr-5121	634	34	presidents	president	NOUN
cblr-5121	634	35	,	,	PUNCT
cblr-5121	634	36	by	by	ADP
cblr-5121	634	37	contrast	contrast	NOUN
cblr-5121	634	38	,	,	PUNCT
cblr-5121	634	39	were	be	AUX
cblr-5121	634	40	former	former	ADJ
cblr-5121	634	41	federal	federal	PROPN
cblr-5121	634	42	reserve	reserve	PROPN
cblr-5121	634	43	employees	employee	NOUN
cblr-5121	634	44	prior	prior	ADV
cblr-5121	634	45	to	to	ADP
cblr-5121	634	46	assuming	assume	VERB
cblr-5121	634	47	their	their	PRON
cblr-5121	634	48	post	post	NOUN
cblr-5121	634	49	as	as	ADP
cblr-5121	634	50	president.170	president.170	PROPN
cblr-5121	634	51	some	some	DET
cblr-5121	634	52	presidents	president	NOUN
cblr-5121	634	53	,	,	PUNCT
cblr-5121	634	54	including	include	VERB
cblr-5121	634	55	john	john	PROPN
cblr-5121	634	56	williams	williams	PROPN
cblr-5121	634	57	,	,	PUNCT
cblr-5121	634	58	whose	whose	DET
cblr-5121	634	59	appointment	appointment	NOUN
cblr-5121	634	60	spurred	spur	VERB
cblr-5121	634	61	the	the	DET
cblr-5121	634	62	public	public	ADJ
cblr-5121	634	63	consternation	consternation	NOUN
cblr-5121	634	64	outlined	outline	VERB
cblr-5121	634	65	in	in	ADP
cblr-5121	634	66	the	the	DET
cblr-5121	634	67	introduction	introduction	NOUN
cblr-5121	634	68	,	,	PUNCT
cblr-5121	634	69	have	have	AUX
cblr-5121	634	70	spent	spend	VERB
cblr-5121	634	71	169	169	NUM
cblr-5121	634	72	both	both	PRON
cblr-5121	634	73	had	have	AUX
cblr-5121	634	74	previously	previously	ADV
cblr-5121	634	75	worked	work	VERB
cblr-5121	634	76	at	at	ADP
cblr-5121	634	77	goldman	goldman	NOUN
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cblr-5121	673	83	,	,	PUNCT
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cblr-5121	673	102	,	,	PUNCT
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cblr-5121	697	10	1998–2008	1998–2008	NUM
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cblr-5121	697	12	.	.	PUNCT
cblr-5121	698	1	william	william	PROPN
cblr-5121	698	2	dudley	dudley	PROPN
cblr-5121	698	3	,	,	PUNCT
cblr-5121	698	4	new	new	PROPN
cblr-5121	698	5	york	york	PROPN
cblr-5121	698	6	fed	fed	PROPN
cblr-5121	698	7	president	president	PROPN
cblr-5121	698	8	prior	prior	ADV
cblr-5121	698	9	to	to	ADP
cblr-5121	698	10	williams	williams	PROPN
cblr-5121	698	11	,	,	PUNCT
cblr-5121	698	12	worked	work	VERB
cblr-5121	698	13	at	at	ADP
cblr-5121	698	14	the	the	DET
cblr-5121	698	15	new	new	PROPN
cblr-5121	698	16	york	york	PROPN
cblr-5121	698	17	fed	feed	VERB
cblr-5121	698	18	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	698	19	(	(	PUNCT
cblr-5121	698	20	do	do	AUX
cblr-5121	698	21	not	not	PART
cblr-5121	698	22	delte	delte	VERB
cblr-5121	698	23	)	)	PUNCT
cblr-5121	698	24	1/3/2020	1/3/2020	NUM
cblr-5121	699	1	4:04	4:04	NUM
cblr-5121	699	2	pm	pm	PROPN
cblr-5121	699	3	1164	1164	NUM
cblr-5121	699	4	columbia	columbia	PROPN
cblr-5121	699	5	business	business	NOUN
cblr-5121	699	6	law	law	PROPN
cblr-5121	699	7	review	review	NOUN
cblr-5121	699	8	[	[	X
cblr-5121	699	9	vol	vol	NOUN
cblr-5121	699	10	.	.	PUNCT
cblr-5121	699	11	2019	2019	NUM
cblr-5121	699	12	furthermore	furthermore	ADV
cblr-5121	699	13	,	,	PUNCT
cblr-5121	699	14	the	the	DET
cblr-5121	699	15	process	process	NOUN
cblr-5121	699	16	for	for	ADP
cblr-5121	699	17	appointing	appoint	VERB
cblr-5121	699	18	federal	federal	PROPN
cblr-5121	699	19	reserve	reserve	PROPN
cblr-5121	699	20	bank	bank	PROPN
cblr-5121	699	21	presidents	president	NOUN
cblr-5121	699	22	has	have	AUX
cblr-5121	699	23	shifted	shift	VERB
cblr-5121	699	24	away	away	ADV
cblr-5121	699	25	from	from	ADP
cblr-5121	699	26	any	any	DET
cblr-5121	699	27	direct	direct	ADJ
cblr-5121	699	28	involvement	involvement	NOUN
cblr-5121	699	29	of	of	ADP
cblr-5121	699	30	regulated	regulated	ADJ
cblr-5121	699	31	entities	entity	NOUN
cblr-5121	699	32	.	.	PUNCT
cblr-5121	700	1	both	both	CCONJ
cblr-5121	700	2	the	the	DET
cblr-5121	700	3	statutory	statutory	ADJ
cblr-5121	700	4	elimination	elimination	NOUN
cblr-5121	700	5	of	of	ADP
cblr-5121	700	6	class	class	NOUN
cblr-5121	700	7	a	a	DET
cblr-5121	700	8	directors	director	NOUN
cblr-5121	700	9	’	’	PART
cblr-5121	700	10	roles	role	NOUN
cblr-5121	700	11	in	in	ADP
cblr-5121	700	12	selecting	select	VERB
cblr-5121	700	13	reserve	reserve	PROPN
cblr-5121	700	14	bank	bank	PROPN
cblr-5121	700	15	presidents175	presidents175	PROPN
cblr-5121	700	16	and	and	CCONJ
cblr-5121	700	17	reserve	reserve	PROPN
cblr-5121	700	18	bank	bank	NOUN
cblr-5121	700	19	-	-	PUNCT
cblr-5121	700	20	specific	specific	ADJ
cblr-5121	700	21	bylaws	bylaw	NOUN
cblr-5121	700	22	prohibiting	prohibit	VERB
cblr-5121	700	23	the	the	DET
cblr-5121	700	24	involvement	involvement	NOUN
cblr-5121	700	25	of	of	ADP
cblr-5121	700	26	thrift	thrift	NOUN
cblr-5121	700	27	institutions	institution	NOUN
cblr-5121	700	28	in	in	ADP
cblr-5121	700	29	the	the	DET
cblr-5121	700	30	process	process	NOUN
cblr-5121	700	31	have	have	AUX
cblr-5121	700	32	effectively	effectively	ADV
cblr-5121	700	33	eliminated	eliminate	VERB
cblr-5121	700	34	the	the	DET
cblr-5121	700	35	direct	direct	ADJ
cblr-5121	700	36	influence	influence	NOUN
cblr-5121	700	37	of	of	ADP
cblr-5121	700	38	regulated	regulated	ADJ
cblr-5121	700	39	entities	entity	NOUN
cblr-5121	700	40	in	in	ADP
cblr-5121	700	41	selecting	select	VERB
cblr-5121	700	42	reserve	reserve	NOUN
cblr-5121	700	43	bank	bank	NOUN
cblr-5121	700	44	presidents	president	NOUN
cblr-5121	700	45	.	.	PUNCT
cblr-5121	701	1	moreover	moreover	ADV
cblr-5121	701	2	,	,	PUNCT
cblr-5121	701	3	although	although	SCONJ
cblr-5121	701	4	the	the	DET
cblr-5121	701	5	selection	selection	NOUN
cblr-5121	701	6	of	of	ADP
cblr-5121	701	7	reserve	reserve	PROPN
cblr-5121	701	8	bank	bank	PROPN
cblr-5121	701	9	presidents	president	NOUN
cblr-5121	701	10	is	be	AUX
cblr-5121	701	11	not	not	PART
cblr-5121	701	12	formally	formally	ADV
cblr-5121	701	13	vested	vest	VERB
cblr-5121	701	14	in	in	ADP
cblr-5121	701	15	the	the	DET
cblr-5121	701	16	chair	chair	NOUN
cblr-5121	701	17	of	of	ADP
cblr-5121	701	18	the	the	DET
cblr-5121	701	19	federal	federal	PROPN
cblr-5121	701	20	reserve	reserve	NOUN
cblr-5121	701	21	system	system	NOUN
cblr-5121	701	22	or	or	CCONJ
cblr-5121	701	23	in	in	ADP
cblr-5121	701	24	the	the	DET
cblr-5121	701	25	board	board	NOUN
cblr-5121	701	26	of	of	ADP
cblr-5121	701	27	governors	governor	NOUN
cblr-5121	701	28	,	,	PUNCT
cblr-5121	701	29	the	the	DET
cblr-5121	701	30	board	board	NOUN
cblr-5121	701	31	’s	’s	PART
cblr-5121	701	32	apparent	apparent	ADJ
cblr-5121	701	33	role	role	NOUN
cblr-5121	701	34	in	in	ADP
cblr-5121	701	35	recent	recent	ADJ
cblr-5121	701	36	appointments	appointment	NOUN
cblr-5121	701	37	has	have	AUX
cblr-5121	701	38	been	be	AUX
cblr-5121	701	39	widely	widely	ADV
cblr-5121	701	40	noted	note	VERB
cblr-5121	701	41	.	.	PUNCT
cblr-5121	702	1	the	the	DET
cblr-5121	702	2	appointment	appointment	NOUN
cblr-5121	702	3	of	of	ADP
cblr-5121	702	4	john	john	PROPN
cblr-5121	702	5	williams	williams	PROPN
cblr-5121	702	6	,	,	PUNCT
cblr-5121	702	7	a	a	DET
cblr-5121	702	8	member	member	NOUN
cblr-5121	702	9	of	of	ADP
cblr-5121	702	10	federal	federal	PROPN
cblr-5121	702	11	reserve	reserve	PROPN
cblr-5121	702	12	chair	chair	PROPN
cblr-5121	702	13	jerome	jerome	PROPN
cblr-5121	702	14	powell	powell	PROPN
cblr-5121	702	15	’s	’s	PART
cblr-5121	702	16	“	"	PUNCT
cblr-5121	702	17	inner	inner	ADJ
cblr-5121	702	18	circle	circle	NOUN
cblr-5121	702	19	,	,	PUNCT
cblr-5121	702	20	”	"	PUNCT
cblr-5121	702	21	is	be	AUX
cblr-5121	702	22	illustrative	illustrative	ADJ
cblr-5121	702	23	of	of	ADP
cblr-5121	702	24	the	the	DET
cblr-5121	702	25	potentially	potentially	ADV
cblr-5121	702	26	influential	influential	ADJ
cblr-5121	702	27	role	role	NOUN
cblr-5121	702	28	of	of	ADP
cblr-5121	702	29	the	the	DET
cblr-5121	702	30	chair	chair	NOUN
cblr-5121	702	31	in	in	ADP
cblr-5121	702	32	selecting	select	VERB
cblr-5121	702	33	future	future	ADJ
cblr-5121	702	34	fomc	fomc	NOUN
cblr-5121	702	35	colleagues	colleague	NOUN
cblr-5121	702	36	,	,	PUNCT
cblr-5121	702	37	particularly	particularly	ADV
cblr-5121	702	38	those	those	PRON
cblr-5121	702	39	with	with	ADP
cblr-5121	702	40	the	the	DET
cblr-5121	702	41	most	most	ADV
cblr-5121	702	42	consequential	consequential	ADJ
cblr-5121	702	43	voices	voice	NOUN
cblr-5121	702	44	among	among	ADP
cblr-5121	702	45	reserve	reserve	PROPN
cblr-5121	702	46	bank	bank	PROPN
cblr-5121	702	47	presidents.176	presidents.176	PROPN
cblr-5121	702	48	thus	thus	ADV
cblr-5121	702	49	,	,	PUNCT
cblr-5121	702	50	the	the	DET
cblr-5121	702	51	makeup	makeup	NOUN
cblr-5121	702	52	of	of	ADP
cblr-5121	702	53	reserve	reserve	PROPN
cblr-5121	702	54	bank	bank	PROPN
cblr-5121	702	55	presidents	president	NOUN
cblr-5121	702	56	seemingly	seemingly	ADV
cblr-5121	702	57	cuts	cut	VERB
cblr-5121	702	58	against	against	ADP
cblr-5121	702	59	any	any	DET
cblr-5121	702	60	contention	contention	NOUN
cblr-5121	702	61	that	that	SCONJ
cblr-5121	702	62	the	the	DET
cblr-5121	702	63	results	result	NOUN
cblr-5121	702	64	of	of	ADP
cblr-5121	702	65	the	the	DET
cblr-5121	702	66	process	process	NOUN
cblr-5121	702	67	would	would	AUX
cblr-5121	702	68	be	be	AUX
cblr-5121	702	69	appreciably	appreciably	ADV
cblr-5121	702	70	different	different	ADJ
cblr-5121	702	71	under	under	ADP
cblr-5121	702	72	a	a	DET
cblr-5121	702	73	regime	regime	NOUN
cblr-5121	702	74	where	where	SCONJ
cblr-5121	702	75	a	a	DET
cblr-5121	702	76	different	different	ADJ
cblr-5121	702	77	,	,	PUNCT
cblr-5121	702	78	public	public	ADJ
cblr-5121	702	79	entity	entity	NOUN
cblr-5121	702	80	selects	select	NOUN
cblr-5121	702	81	reserve	reserve	PROPN
cblr-5121	702	82	bank	bank	PROPN
cblr-5121	702	83	presidents	president	NOUN
cblr-5121	702	84	.	.	PUNCT
cblr-5121	703	1	the	the	DET
cblr-5121	703	2	prevalence	prevalence	NOUN
cblr-5121	703	3	of	of	ADP
cblr-5121	703	4	federal	federal	PROPN
cblr-5121	703	5	reserve	reserve	PROPN
cblr-5121	703	6	system	system	NOUN
cblr-5121	703	7	veterans	veteran	NOUN
cblr-5121	703	8	serving	serve	VERB
cblr-5121	703	9	as	as	SCONJ
cblr-5121	703	10	presidents	president	NOUN
cblr-5121	703	11	assuages	assuage	VERB
cblr-5121	703	12	concerns	concern	NOUN
cblr-5121	703	13	that	that	SCONJ
cblr-5121	703	14	banks	bank	NOUN
cblr-5121	703	15	can	can	AUX
cblr-5121	703	16	“	"	PUNCT
cblr-5121	703	17	seek	seek	VERB
cblr-5121	703	18	[	[	X
cblr-5121	703	19	]	]	X
cblr-5121	703	20	more	more	ADV
cblr-5121	703	21	sympathetic	sympathetic	ADJ
cblr-5121	703	22	regulatory	regulatory	ADJ
cblr-5121	703	23	treatment	treatment	NOUN
cblr-5121	703	24	by	by	ADP
cblr-5121	703	25	changing	change	VERB
cblr-5121	703	26	their	their	PRON
cblr-5121	703	27	seat	seat	NOUN
cblr-5121	703	28	of	of	ADP
cblr-5121	703	29	incorporation	incorporation	NOUN
cblr-5121	703	30	out	out	ADP
cblr-5121	703	31	of	of	ADP
cblr-5121	703	32	new	new	PROPN
cblr-5121	703	33	york	york	PROPN
cblr-5121	703	34	and	and	CCONJ
cblr-5121	703	35	into	into	ADP
cblr-5121	703	36	another	another	DET
cblr-5121	703	37	district	district	NOUN
cblr-5121	703	38	.	.	PUNCT
cblr-5121	703	39	”177	”177	PROPN
cblr-5121	703	40	as	as	ADP
cblr-5121	703	41	a	a	DET
cblr-5121	703	42	result	result	NOUN
cblr-5121	703	43	,	,	PUNCT
cblr-5121	703	44	although	although	SCONJ
cblr-5121	703	45	the	the	DET
cblr-5121	703	46	role	role	NOUN
cblr-5121	703	47	of	of	ADP
cblr-5121	703	48	the	the	DET
cblr-5121	703	49	board	board	NOUN
cblr-5121	703	50	of	of	ADP
cblr-5121	703	51	directors	director	NOUN
cblr-5121	703	52	in	in	ADP
cblr-5121	703	53	appointments	appointment	NOUN
cblr-5121	703	54	may	may	AUX
cblr-5121	703	55	continue	continue	VERB
cblr-5121	703	56	to	to	PART
cblr-5121	703	57	pose	pose	VERB
cblr-5121	703	58	accountability	accountability	NOUN
cblr-5121	703	59	immediately	immediately	ADV
cblr-5121	703	60	before	before	ADP
cblr-5121	703	61	assuming	assume	VERB
cblr-5121	703	62	the	the	DET
cblr-5121	703	63	presidency	presidency	NOUN
cblr-5121	703	64	,	,	PUNCT
cblr-5121	703	65	but	but	CCONJ
cblr-5121	703	66	spent	spend	VERB
cblr-5121	703	67	the	the	DET
cblr-5121	703	68	majority	majority	NOUN
cblr-5121	703	69	of	of	ADP
cblr-5121	703	70	his	his	PRON
cblr-5121	703	71	prior	prior	ADJ
cblr-5121	703	72	career	career	NOUN
cblr-5121	703	73	at	at	ADP
cblr-5121	703	74	goldman	goldman	PROPN
cblr-5121	703	75	sachs	sachs	PROPN
cblr-5121	703	76	.	.	PUNCT
cblr-5121	704	1	fed	fed	PROPN
cblr-5121	704	2	.	.	PUNCT
cblr-5121	705	1	reserve	reserve	PROPN
cblr-5121	705	2	bank	bank	PROPN
cblr-5121	705	3	of	of	ADP
cblr-5121	705	4	n.y	n.y	PROPN
cblr-5121	705	5	.	.	PROPN
cblr-5121	705	6	,	,	PUNCT
cblr-5121	705	7	william	william	PROPN
cblr-5121	705	8	c.	c.	PROPN
cblr-5121	705	9	dudley	dudley	PROPN
cblr-5121	705	10	,	,	PUNCT
cblr-5121	705	11	fed	fed	PROPN
cblr-5121	705	12	.	.	PUNCT
cblr-5121	706	1	res	res	PROPN
cblr-5121	706	2	.	.	PUNCT
cblr-5121	707	1	hist	hist	PROPN
cblr-5121	707	2	.	.	PROPN
cblr-5121	707	3	,	,	PUNCT
cblr-5121	708	1	https://www.federalreservehistory.org/people/william_c_dudley?wt.si_n=s	https://www.federalreservehistory.org/people/william_c_dudley?wt.si_n=s	PROPN
cblr-5121	708	2	earch&wt.si_x=3	earch&wt.si_x=3	PROPN
cblr-5121	709	1	[	[	X
cblr-5121	709	2	https://perma.cc/4r45-zdnr	https://perma.cc/4r45-zdnr	NOUN
cblr-5121	709	3	]	]	X
cblr-5121	709	4	.	.	PUNCT
cblr-5121	710	1	175	175	NUM
cblr-5121	710	2	12	12	NUM
cblr-5121	710	3	u.s.c	u.s.c	NOUN
cblr-5121	710	4	.	.	PUNCT
cblr-5121	711	1	§	§	PROPN
cblr-5121	711	2	341	341	NUM
cblr-5121	711	3	(	(	PUNCT
cblr-5121	711	4	2012	2012	NUM
cblr-5121	711	5	)	)	PUNCT
cblr-5121	711	6	.	.	PUNCT
cblr-5121	712	1	of	of	ADP
cblr-5121	712	2	course	course	NOUN
cblr-5121	712	3	,	,	PUNCT
cblr-5121	712	4	regulated	regulated	ADJ
cblr-5121	712	5	institutions	institution	NOUN
cblr-5121	712	6	continue	continue	VERB
cblr-5121	712	7	to	to	PART
cblr-5121	712	8	play	play	VERB
cblr-5121	712	9	an	an	DET
cblr-5121	712	10	indirect	indirect	ADJ
cblr-5121	712	11	role	role	NOUN
cblr-5121	712	12	,	,	PUNCT
cblr-5121	712	13	as	as	SCONJ
cblr-5121	712	14	they	they	PRON
cblr-5121	712	15	select	select	VERB
cblr-5121	712	16	any	any	DET
cblr-5121	712	17	eligible	eligible	ADJ
cblr-5121	712	18	class	class	NOUN
cblr-5121	712	19	b	b	PROPN
cblr-5121	712	20	directors	director	NOUN
cblr-5121	712	21	who	who	PRON
cblr-5121	712	22	are	be	AUX
cblr-5121	712	23	not	not	PART
cblr-5121	712	24	affiliated	affiliate	VERB
cblr-5121	712	25	with	with	ADP
cblr-5121	712	26	thrift	thrift	NOUN
cblr-5121	712	27	institutions	institution	NOUN
cblr-5121	712	28	.	.	PUNCT
cblr-5121	713	1	176	176	NUM
cblr-5121	713	2	see	see	VERB
cblr-5121	713	3	smialek	smialek	PROPN
cblr-5121	713	4	et	et	PROPN
cblr-5121	713	5	al	al	PROPN
cblr-5121	713	6	.	.	PROPN
cblr-5121	713	7	,	,	PUNCT
cblr-5121	713	8	supra	supra	PROPN
cblr-5121	713	9	note	note	VERB
cblr-5121	713	10	6	6	NUM
cblr-5121	713	11	;	;	PUNCT
cblr-5121	713	12	smialek	smialek	PROPN
cblr-5121	713	13	&	&	CCONJ
cblr-5121	713	14	boesler	boesler	PROPN
cblr-5121	713	15	,	,	PUNCT
cblr-5121	713	16	supra	supra	PROPN
cblr-5121	713	17	note	note	PROPN
cblr-5121	713	18	8	8	NUM
cblr-5121	713	19	(	(	PUNCT
cblr-5121	713	20	“	"	PUNCT
cblr-5121	713	21	some	some	DET
cblr-5121	713	22	fed	fed	PROPN
cblr-5121	713	23	watchers	watcher	NOUN
cblr-5121	713	24	question	question	VERB
cblr-5121	713	25	how	how	SCONJ
cblr-5121	713	26	much	much	ADJ
cblr-5121	713	27	influence	influence	NOUN
cblr-5121	713	28	powell	powell	PROPN
cblr-5121	713	29	has	have	AUX
cblr-5121	713	30	exerted	exert	VERB
cblr-5121	713	31	and	and	CCONJ
cblr-5121	713	32	whether	whether	SCONJ
cblr-5121	713	33	that	that	PRON
cblr-5121	713	34	’s	’	VERB
cblr-5121	713	35	biased	bias	VERB
cblr-5121	713	36	the	the	DET
cblr-5121	713	37	new	new	PROPN
cblr-5121	713	38	york	york	PROPN
cblr-5121	713	39	selection	selection	NOUN
cblr-5121	713	40	process	process	NOUN
cblr-5121	713	41	toward	toward	ADP
cblr-5121	713	42	an	an	DET
cblr-5121	713	43	insider	insider	NOUN
cblr-5121	713	44	.	.	PUNCT
cblr-5121	713	45	”	"	PUNCT
cblr-5121	713	46	)	)	PUNCT
cblr-5121	713	47	.	.	PUNCT
cblr-5121	714	1	177	177	NUM
cblr-5121	714	2	conti	conti	ADJ
cblr-5121	714	3	-	-	ADJ
cblr-5121	714	4	brown	brown	ADJ
cblr-5121	714	5	,	,	PUNCT
cblr-5121	714	6	supra	supra	PROPN
cblr-5121	714	7	note	note	NOUN
cblr-5121	714	8	13	13	NUM
cblr-5121	714	9	,	,	PUNCT
cblr-5121	714	10	at	at	ADP
cblr-5121	714	11	258	258	NUM
cblr-5121	714	12	.	.	PUNCT
cblr-5121	715	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	715	2	(	(	PUNCT
cblr-5121	715	3	do	do	AUX
cblr-5121	715	4	not	not	PART
cblr-5121	715	5	delete	delete	VERB
cblr-5121	715	6	)	)	PUNCT
cblr-5121	715	7	1/3/2020	1/3/2020	NUM
cblr-5121	715	8	4:04	4:04	NUM
cblr-5121	715	9	pm	pm	NOUN
cblr-5121	715	10	no	no	NOUN
cblr-5121	715	11	.	.	PUNCT
cblr-5121	716	1	3:1123	3:1123	NUM
cblr-5121	716	2	]	]	PUNCT
cblr-5121	716	3	insider	insider	NOUN
cblr-5121	716	4	interest	interest	NOUN
cblr-5121	716	5	,	,	PUNCT
cblr-5121	716	6	not	not	PART
cblr-5121	716	7	industry	industry	NOUN
cblr-5121	716	8	influence	influence	NOUN
cblr-5121	716	9	1165	1165	NUM
cblr-5121	716	10	problems,178	problems,178	NOUN
cblr-5121	717	1	it	it	PRON
cblr-5121	717	2	is	be	AUX
cblr-5121	717	3	unclear	unclear	ADJ
cblr-5121	717	4	that	that	SCONJ
cblr-5121	717	5	vesting	vest	VERB
cblr-5121	717	6	the	the	DET
cblr-5121	717	7	appointment	appointment	NOUN
cblr-5121	717	8	power	power	NOUN
cblr-5121	717	9	in	in	ADP
cblr-5121	717	10	a	a	DET
cblr-5121	717	11	public	public	ADJ
cblr-5121	717	12	actor	actor	NOUN
cblr-5121	717	13	would	would	AUX
cblr-5121	717	14	necessarily	necessarily	ADV
cblr-5121	717	15	alter	alter	VERB
cblr-5121	717	16	the	the	DET
cblr-5121	717	17	result	result	NOUN
cblr-5121	717	18	of	of	ADP
cblr-5121	717	19	the	the	DET
cblr-5121	717	20	current	current	ADJ
cblr-5121	717	21	appointment	appointment	NOUN
cblr-5121	717	22	regime	regime	NOUN
cblr-5121	717	23	—	—	PUNCT
cblr-5121	717	24	the	the	DET
cblr-5121	717	25	elevation	elevation	NOUN
cblr-5121	717	26	of	of	ADP
cblr-5121	717	27	federal	federal	PROPN
cblr-5121	717	28	reserve	reserve	PROPN
cblr-5121	717	29	system	system	NOUN
cblr-5121	717	30	veterans	veteran	NOUN
cblr-5121	717	31	,	,	PUNCT
cblr-5121	717	32	including	include	VERB
cblr-5121	717	33	some	some	PRON
cblr-5121	717	34	who	who	PRON
cblr-5121	717	35	have	have	AUX
cblr-5121	717	36	spent	spend	VERB
cblr-5121	717	37	the	the	DET
cblr-5121	717	38	bulk	bulk	NOUN
cblr-5121	717	39	of	of	ADP
cblr-5121	717	40	their	their	PRON
cblr-5121	717	41	careers	career	NOUN
cblr-5121	717	42	at	at	ADP
cblr-5121	717	43	one	one	NUM
cblr-5121	717	44	reserve	reserve	PROPN
cblr-5121	717	45	bank	bank	NOUN
cblr-5121	717	46	,	,	PUNCT
cblr-5121	717	47	to	to	ADP
cblr-5121	717	48	the	the	DET
cblr-5121	717	49	president	president	PROPN
cblr-5121	717	50	post.179	post.179	NOUN
cblr-5121	717	51	indeed	indeed	ADV
cblr-5121	717	52	,	,	PUNCT
cblr-5121	717	53	the	the	DET
cblr-5121	717	54	practice	practice	NOUN
cblr-5121	717	55	and	and	CCONJ
cblr-5121	717	56	results	result	NOUN
cblr-5121	717	57	of	of	ADP
cblr-5121	717	58	recent	recent	ADJ
cblr-5121	717	59	appointments	appointment	NOUN
cblr-5121	717	60	may	may	AUX
cblr-5121	717	61	resemble	resemble	VERB
cblr-5121	717	62	—	—	PUNCT
cblr-5121	717	63	at	at	ADP
cblr-5121	717	64	least	least	ADJ
cblr-5121	717	65	informally	informally	ADV
cblr-5121	717	66	—	—	PUNCT
cblr-5121	717	67	peter	peter	PROPN
cblr-5121	717	68	conti	conti	PROPN
cblr-5121	717	69	-	-	ADJ
cblr-5121	717	70	brown	brown	ADJ
cblr-5121	717	71	’s	’s	PART
cblr-5121	717	72	suggested	suggest	VERB
cblr-5121	717	73	alteration	alteration	NOUN
cblr-5121	717	74	to	to	ADP
cblr-5121	717	75	the	the	DET
cblr-5121	717	76	appointments	appointment	NOUN
cblr-5121	717	77	procedure	procedure	NOUN
cblr-5121	717	78	of	of	ADP
cblr-5121	717	79	reserve	reserve	PROPN
cblr-5121	717	80	bank	bank	NOUN
cblr-5121	717	81	presidents	president	NOUN
cblr-5121	717	82	:	:	PUNCT
cblr-5121	717	83	placing	place	VERB
cblr-5121	717	84	the	the	DET
cblr-5121	717	85	power	power	NOUN
cblr-5121	717	86	of	of	ADP
cblr-5121	717	87	appointment	appointment	NOUN
cblr-5121	717	88	and	and	CCONJ
cblr-5121	717	89	removal	removal	NOUN
cblr-5121	717	90	in	in	ADP
cblr-5121	717	91	the	the	DET
cblr-5121	717	92	board	board	NOUN
cblr-5121	717	93	of	of	ADP
cblr-5121	717	94	governors	governor	NOUN
cblr-5121	717	95	,	,	PUNCT
cblr-5121	717	96	“	"	PUNCT
cblr-5121	717	97	essentially	essentially	ADV
cblr-5121	717	98	turn[ing	turn[e	VERB
cblr-5121	717	99	]	]	PUNCT
cblr-5121	718	1	[	[	X
cblr-5121	718	2	the	the	DET
cblr-5121	718	3	federal	federal	PROPN
cblr-5121	718	4	reserve	reserve	PROPN
cblr-5121	718	5	banks	bank	NOUN
cblr-5121	718	6	]	]	PUNCT
cblr-5121	718	7	into	into	ADP
cblr-5121	718	8	branch	branch	NOUN
cblr-5121	718	9	offices	office	NOUN
cblr-5121	718	10	of	of	ADP
cblr-5121	718	11	the	the	DET
cblr-5121	718	12	federal	federal	PROPN
cblr-5121	718	13	reserve	reserve	PROPN
cblr-5121	718	14	in	in	ADP
cblr-5121	718	15	the	the	DET
cblr-5121	718	16	twelve	twelve	NUM
cblr-5121	718	17	cities	city	NOUN
cblr-5121	718	18	where	where	SCONJ
cblr-5121	718	19	they	they	PRON
cblr-5121	718	20	are	be	AUX
cblr-5121	718	21	located	locate	VERB
cblr-5121	718	22	.	.	PUNCT
cblr-5121	719	1	”180	”180	PUNCT
cblr-5121	719	2	of	of	ADP
cblr-5121	719	3	course	course	NOUN
cblr-5121	719	4	,	,	PUNCT
cblr-5121	719	5	these	these	DET
cblr-5121	719	6	practical	practical	ADJ
cblr-5121	719	7	consequences	consequence	NOUN
cblr-5121	719	8	do	do	VERB
cblr-5121	719	9	little	little	ADJ
cblr-5121	719	10	to	to	PART
cblr-5121	719	11	eliminate	eliminate	VERB
cblr-5121	719	12	the	the	DET
cblr-5121	719	13	doctrinal	doctrinal	ADJ
cblr-5121	719	14	shortcomings	shortcoming	NOUN
cblr-5121	719	15	of	of	ADP
cblr-5121	719	16	the	the	DET
cblr-5121	719	17	process	process	NOUN
cblr-5121	719	18	for	for	ADP
cblr-5121	719	19	appointing	appoint	VERB
cblr-5121	719	20	and	and	CCONJ
cblr-5121	719	21	removing	remove	VERB
cblr-5121	719	22	federal	federal	ADJ
cblr-5121	719	23	reserve	reserve	PROPN
cblr-5121	719	24	bank	bank	PROPN
cblr-5121	719	25	presidents.181	presidents.181	PROPN
cblr-5121	720	1	but	but	CCONJ
cblr-5121	720	2	functionally	functionally	ADV
cblr-5121	720	3	,	,	PUNCT
cblr-5121	720	4	they	they	PRON
cblr-5121	720	5	illustrate	illustrate	VERB
cblr-5121	720	6	the	the	DET
cblr-5121	720	7	potentially	potentially	ADV
cblr-5121	720	8	benign	benign	ADJ
cblr-5121	720	9	results	result	NOUN
cblr-5121	720	10	of	of	ADP
cblr-5121	720	11	that	that	DET
cblr-5121	720	12	arrangement	arrangement	NOUN
cblr-5121	720	13	.	.	PUNCT
cblr-5121	721	1	insulation	insulation	NOUN
cblr-5121	721	2	from	from	ADP
cblr-5121	721	3	presidential	presidential	ADJ
cblr-5121	721	4	control	control	NOUN
cblr-5121	721	5	has	have	AUX
cblr-5121	721	6	not	not	PART
cblr-5121	721	7	undermined	undermine	VERB
cblr-5121	721	8	the	the	DET
cblr-5121	721	9	“	"	PUNCT
cblr-5121	721	10	quality	quality	NOUN
cblr-5121	721	11	of	of	ADP
cblr-5121	721	12	appointments	appointment	NOUN
cblr-5121	721	13	,	,	PUNCT
cblr-5121	721	14	”	"	PUNCT
cblr-5121	721	15	despite	despite	SCONJ
cblr-5121	721	16	the	the	DET
cblr-5121	721	17	potential	potential	NOUN
cblr-5121	721	18	for	for	ADP
cblr-5121	721	19	“	"	PUNCT
cblr-5121	721	20	interest	interest	NOUN
cblr-5121	721	21	-	-	PUNCT
cblr-5121	721	22	group	group	NOUN
cblr-5121	721	23	pressure	pressure	NOUN
cblr-5121	721	24	”	"	PUNCT
cblr-5121	721	25	at	at	ADP
cblr-5121	721	26	the	the	DET
cblr-5121	721	27	reserve	reserve	PROPN
cblr-5121	721	28	banks.182	banks.182	PROPN
cblr-5121	721	29	as	as	ADP
cblr-5121	721	30	a	a	DET
cblr-5121	721	31	result	result	NOUN
cblr-5121	721	32	,	,	PUNCT
cblr-5121	721	33	the	the	DET
cblr-5121	721	34	consequence	consequence	NOUN
cblr-5121	721	35	of	of	ADP
cblr-5121	721	36	the	the	DET
cblr-5121	721	37	constitutional	constitutional	ADJ
cblr-5121	721	38	shortcomings	shortcoming	NOUN
cblr-5121	721	39	of	of	ADP
cblr-5121	721	40	reserve	reserve	PROPN
cblr-5121	721	41	bank	bank	PROPN
cblr-5121	721	42	governance	governance	NOUN
cblr-5121	721	43	is	be	AUX
cblr-5121	721	44	far	far	ADV
cblr-5121	721	45	less	less	ADV
cblr-5121	721	46	problematic	problematic	ADJ
cblr-5121	721	47	in	in	ADP
cblr-5121	721	48	practice	practice	NOUN
cblr-5121	721	49	.	.	PUNCT
cblr-5121	722	1	178	178	NUM
cblr-5121	722	2	see	see	VERB
cblr-5121	722	3	conti	conti	ADJ
cblr-5121	722	4	-	-	ADJ
cblr-5121	722	5	brown	brown	ADJ
cblr-5121	722	6	,	,	PUNCT
cblr-5121	722	7	supra	supra	PROPN
cblr-5121	722	8	note	note	NOUN
cblr-5121	722	9	13	13	NUM
cblr-5121	722	10	,	,	PUNCT
cblr-5121	722	11	at	at	ADP
cblr-5121	722	12	119	119	NUM
cblr-5121	722	13	.	.	NOUN
cblr-5121	722	14	179	179	NUM
cblr-5121	722	15	see	see	VERB
cblr-5121	722	16	,	,	PUNCT
cblr-5121	722	17	e.g.	e.g.	ADV
cblr-5121	722	18	,	,	PUNCT
cblr-5121	722	19	president	president	PROPN
cblr-5121	722	20	esther	esther	PROPN
cblr-5121	722	21	l.	l.	PROPN
cblr-5121	722	22	george	george	PROPN
cblr-5121	722	23	,	,	PUNCT
cblr-5121	722	24	supra	supra	PROPN
cblr-5121	722	25	note	note	PROPN
cblr-5121	722	26	170	170	NUM
cblr-5121	722	27	;	;	PUNCT
cblr-5121	722	28	office	office	NOUN
cblr-5121	722	29	of	of	ADP
cblr-5121	722	30	the	the	DET
cblr-5121	722	31	president	president	NOUN
cblr-5121	722	32	,	,	PUNCT
cblr-5121	722	33	supra	supra	PROPN
cblr-5121	722	34	note	note	PROPN
cblr-5121	722	35	170	170	NUM
cblr-5121	722	36	.	.	NOUN
cblr-5121	722	37	180	180	NUM
cblr-5121	722	38	conti	conti	ADJ
cblr-5121	722	39	-	-	ADJ
cblr-5121	722	40	brown	brown	ADJ
cblr-5121	722	41	,	,	PUNCT
cblr-5121	722	42	supra	supra	PROPN
cblr-5121	722	43	note	note	NOUN
cblr-5121	722	44	13	13	NUM
cblr-5121	722	45	,	,	PUNCT
cblr-5121	722	46	at	at	ADP
cblr-5121	722	47	258	258	NUM
cblr-5121	722	48	.	.	PUNCT
cblr-5121	723	1	to	to	PART
cblr-5121	723	2	solve	solve	VERB
cblr-5121	723	3	the	the	DET
cblr-5121	723	4	constitutional	constitutional	ADJ
cblr-5121	723	5	deficiencies	deficiency	NOUN
cblr-5121	723	6	associated	associate	VERB
cblr-5121	723	7	with	with	ADP
cblr-5121	723	8	the	the	DET
cblr-5121	723	9	two	two	NUM
cblr-5121	723	10	-	-	PUNCT
cblr-5121	723	11	layer	layer	NOUN
cblr-5121	723	12	removal	removal	NOUN
cblr-5121	723	13	protections	protection	NOUN
cblr-5121	723	14	for	for	ADP
cblr-5121	723	15	the	the	DET
cblr-5121	723	16	reserve	reserve	PROPN
cblr-5121	723	17	bank	bank	PROPN
cblr-5121	723	18	presidents	president	NOUN
cblr-5121	723	19	,	,	PUNCT
cblr-5121	723	20	the	the	DET
cblr-5121	723	21	current	current	ADJ
cblr-5121	723	22	for	for	ADP
cblr-5121	723	23	-	-	PUNCT
cblr-5121	723	24	cause	cause	VERB
cblr-5121	723	25	restrictions	restriction	NOUN
cblr-5121	723	26	on	on	ADP
cblr-5121	723	27	reserve	reserve	PROPN
cblr-5121	723	28	bank	bank	PROPN
cblr-5121	723	29	president	president	PROPN
cblr-5121	723	30	removal	removal	NOUN
cblr-5121	723	31	by	by	ADP
cblr-5121	723	32	the	the	DET
cblr-5121	723	33	board	board	NOUN
cblr-5121	723	34	of	of	ADP
cblr-5121	723	35	governors	governor	NOUN
cblr-5121	723	36	would	would	AUX
cblr-5121	723	37	have	have	VERB
cblr-5121	723	38	to	to	PART
cblr-5121	723	39	be	be	AUX
cblr-5121	723	40	eliminated	eliminate	VERB
cblr-5121	723	41	.	.	PUNCT
cblr-5121	724	1	i	i	PRON
cblr-5121	724	2	d.	d.	PROPN
cblr-5121	724	3	at	at	ADP
cblr-5121	724	4	255–56	255–56	PROPN
cblr-5121	724	5	.	.	PUNCT
cblr-5121	725	1	conti	conti	NOUN
cblr-5121	725	2	-	-	ADJ
cblr-5121	725	3	brown	brown	ADJ
cblr-5121	725	4	also	also	ADV
cblr-5121	725	5	advocates	advocate	VERB
cblr-5121	725	6	,	,	PUNCT
cblr-5121	725	7	as	as	ADP
cblr-5121	725	8	a	a	DET
cblr-5121	725	9	“	"	PUNCT
cblr-5121	725	10	natural	natural	ADJ
cblr-5121	725	11	extension	extension	NOUN
cblr-5121	725	12	”	"	PUNCT
cblr-5121	725	13	of	of	ADP
cblr-5121	725	14	vesting	vest	VERB
cblr-5121	725	15	the	the	DET
cblr-5121	725	16	appointment	appointment	NOUN
cblr-5121	725	17	and	and	CCONJ
cblr-5121	725	18	removal	removal	NOUN
cblr-5121	725	19	power	power	NOUN
cblr-5121	725	20	of	of	ADP
cblr-5121	725	21	reserve	reserve	PROPN
cblr-5121	725	22	bank	bank	PROPN
cblr-5121	725	23	presidents	president	NOUN
cblr-5121	725	24	in	in	ADP
cblr-5121	725	25	the	the	DET
cblr-5121	725	26	board	board	NOUN
cblr-5121	725	27	of	of	ADP
cblr-5121	725	28	governors	governor	NOUN
cblr-5121	725	29	,	,	PUNCT
cblr-5121	725	30	removing	remove	VERB
cblr-5121	725	31	presidents	president	NOUN
cblr-5121	725	32	from	from	ADP
cblr-5121	725	33	the	the	DET
cblr-5121	725	34	fomc	fomc	NOUN
cblr-5121	725	35	,	,	PUNCT
cblr-5121	725	36	including	include	VERB
cblr-5121	725	37	the	the	DET
cblr-5121	725	38	permanent	permanent	ADJ
cblr-5121	725	39	position	position	NOUN
cblr-5121	725	40	of	of	ADP
cblr-5121	725	41	the	the	DET
cblr-5121	725	42	new	new	PROPN
cblr-5121	725	43	york	york	PROPN
cblr-5121	725	44	fed	fed	PROPN
cblr-5121	725	45	president	president	PROPN
cblr-5121	725	46	as	as	ADP
cblr-5121	725	47	vice	vice	NOUN
cblr-5121	725	48	chair	chair	NOUN
cblr-5121	725	49	of	of	ADP
cblr-5121	725	50	the	the	DET
cblr-5121	725	51	fomc	fomc	NOUN
cblr-5121	725	52	.	.	PUNCT
cblr-5121	726	1	i	i	PRON
cblr-5121	726	2	d.	d.	PROPN
cblr-5121	726	3	at	at	ADP
cblr-5121	726	4	258–59	258–59	NUM
cblr-5121	726	5	.	.	PUNCT
cblr-5121	727	1	such	such	DET
cblr-5121	727	2	an	an	DET
cblr-5121	727	3	arrangement	arrangement	NOUN
cblr-5121	727	4	would	would	AUX
cblr-5121	727	5	remove	remove	VERB
cblr-5121	727	6	the	the	DET
cblr-5121	727	7	last	last	ADJ
cblr-5121	727	8	instance	instance	NOUN
cblr-5121	727	9	in	in	ADP
cblr-5121	727	10	which	which	PRON
cblr-5121	727	11	reserve	reserve	NOUN
cblr-5121	727	12	bank	bank	NOUN
cblr-5121	727	13	presidents	president	NOUN
cblr-5121	727	14	exercise	exercise	VERB
cblr-5121	727	15	unsupervised	unsupervised	ADJ
cblr-5121	727	16	policy	policy	NOUN
cblr-5121	727	17	discretion	discretion	NOUN
cblr-5121	727	18	,	,	PUNCT
cblr-5121	727	19	thereby	thereby	ADV
cblr-5121	727	20	eliminating	eliminate	VERB
cblr-5121	727	21	the	the	DET
cblr-5121	727	22	constitutional	constitutional	ADJ
cblr-5121	727	23	problems	problem	NOUN
cblr-5121	727	24	currently	currently	ADV
cblr-5121	727	25	implicated	implicate	VERB
cblr-5121	727	26	by	by	ADP
cblr-5121	727	27	their	their	PRON
cblr-5121	727	28	presence	presence	NOUN
cblr-5121	727	29	on	on	ADP
cblr-5121	727	30	the	the	DET
cblr-5121	727	31	fomc	fomc	NOUN
cblr-5121	727	32	.	.	PUNCT
cblr-5121	728	1	181	181	NUM
cblr-5121	728	2	see	see	VERB
cblr-5121	728	3	supra	supra	PROPN
cblr-5121	728	4	section	section	NOUN
cblr-5121	728	5	iv.a	iv.a	VERB
cblr-5121	728	6	.	.	PUNCT
cblr-5121	729	1	182	182	NUM
cblr-5121	729	2	edmond	edmond	PROPN
cblr-5121	729	3	v.	v.	PROPN
cblr-5121	729	4	united	united	PROPN
cblr-5121	729	5	states	states	PROPN
cblr-5121	729	6	,	,	PUNCT
cblr-5121	729	7	520	520	NUM
cblr-5121	729	8	u.s	u.s	PROPN
cblr-5121	729	9	.	.	PROPN
cblr-5121	729	10	651	651	NUM
cblr-5121	729	11	,	,	PUNCT
cblr-5121	729	12	663	663	NUM
cblr-5121	729	13	(	(	PUNCT
cblr-5121	729	14	1997	1997	NUM
cblr-5121	729	15	)	)	PUNCT
cblr-5121	729	16	.	.	PUNCT
cblr-5121	730	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	730	2	(	(	PUNCT
cblr-5121	730	3	do	do	AUX
cblr-5121	730	4	not	not	PART
cblr-5121	730	5	delte	delte	VERB
cblr-5121	730	6	)	)	PUNCT
cblr-5121	730	7	1/3/2020	1/3/2020	NUM
cblr-5121	730	8	4:04	4:04	NUM
cblr-5121	730	9	pm	pm	NOUN
cblr-5121	730	10	1166	1166	NUM
cblr-5121	730	11	columbia	columbia	PROPN
cblr-5121	730	12	business	business	NOUN
cblr-5121	730	13	law	law	PROPN
cblr-5121	730	14	review	review	NOUN
cblr-5121	730	15	[	[	X
cblr-5121	730	16	vol	vol	NOUN
cblr-5121	730	17	.	.	PUNCT
cblr-5121	730	18	2019	2019	NUM
cblr-5121	730	19	b.	b.	PROPN
cblr-5121	730	20	remedying	remedy	VERB
cblr-5121	730	21	the	the	DET
cblr-5121	730	22	appointment	appointment	NOUN
cblr-5121	730	23	process	process	NOUN
cblr-5121	730	24	for	for	ADP
cblr-5121	730	25	greater	great	ADJ
cblr-5121	730	26	transparency	transparency	NOUN
cblr-5121	730	27	and	and	CCONJ
cblr-5121	730	28	accountability	accountability	NOUN
cblr-5121	730	29	thus	thus	ADV
cblr-5121	730	30	,	,	PUNCT
cblr-5121	730	31	an	an	DET
cblr-5121	730	32	alternative	alternative	ADJ
cblr-5121	730	33	conception	conception	NOUN
cblr-5121	730	34	of	of	ADP
cblr-5121	730	35	how	how	SCONJ
cblr-5121	730	36	to	to	PART
cblr-5121	730	37	remedy	remedy	VERB
cblr-5121	730	38	the	the	DET
cblr-5121	730	39	appointments	appointment	NOUN
cblr-5121	730	40	process	process	NOUN
cblr-5121	730	41	of	of	ADP
cblr-5121	730	42	reserve	reserve	PROPN
cblr-5121	730	43	bank	bank	PROPN
cblr-5121	730	44	presidents	president	NOUN
cblr-5121	730	45	is	be	AUX
cblr-5121	730	46	necessary	necessary	ADJ
cblr-5121	730	47	.	.	PUNCT
cblr-5121	731	1	given	give	VERB
cblr-5121	731	2	the	the	DET
cblr-5121	731	3	potential	potential	ADJ
cblr-5121	731	4	involvement	involvement	NOUN
cblr-5121	731	5	of	of	ADP
cblr-5121	731	6	the	the	DET
cblr-5121	731	7	board	board	NOUN
cblr-5121	731	8	of	of	ADP
cblr-5121	731	9	governors	governor	NOUN
cblr-5121	731	10	in	in	ADP
cblr-5121	731	11	selecting	select	VERB
cblr-5121	731	12	presidents	president	NOUN
cblr-5121	731	13	and	and	CCONJ
cblr-5121	731	14	the	the	DET
cblr-5121	731	15	pattern	pattern	NOUN
cblr-5121	731	16	of	of	ADP
cblr-5121	731	17	promoting	promote	VERB
cblr-5121	731	18	reserve	reserve	NOUN
cblr-5121	731	19	system	system	NOUN
cblr-5121	731	20	insiders	insider	NOUN
cblr-5121	731	21	,	,	PUNCT
cblr-5121	731	22	some	some	PRON
cblr-5121	731	23	of	of	ADP
cblr-5121	731	24	the	the	DET
cblr-5121	731	25	concerns	concern	NOUN
cblr-5121	731	26	associated	associate	VERB
cblr-5121	731	27	with	with	ADP
cblr-5121	731	28	the	the	DET
cblr-5121	731	29	role	role	NOUN
cblr-5121	731	30	of	of	ADP
cblr-5121	731	31	reserve	reserve	PROPN
cblr-5121	731	32	bank	bank	PROPN
cblr-5121	731	33	boards	board	NOUN
cblr-5121	731	34	of	of	ADP
cblr-5121	731	35	directors	director	NOUN
cblr-5121	731	36	appear	appear	VERB
cblr-5121	731	37	to	to	PART
cblr-5121	731	38	be	be	AUX
cblr-5121	731	39	unfounded	unfounded	ADJ
cblr-5121	731	40	.	.	PUNCT
cblr-5121	732	1	this	this	DET
cblr-5121	732	2	homogeneity	homogeneity	NOUN
cblr-5121	732	3	of	of	ADP
cblr-5121	732	4	reserve	reserve	PROPN
cblr-5121	732	5	bank	bank	PROPN
cblr-5121	732	6	presidents	president	NOUN
cblr-5121	732	7	,	,	PUNCT
cblr-5121	732	8	however	however	ADV
cblr-5121	732	9	,	,	PUNCT
cblr-5121	732	10	raises	raise	VERB
cblr-5121	732	11	other	other	ADJ
cblr-5121	732	12	important	important	ADJ
cblr-5121	732	13	issues	issue	NOUN
cblr-5121	732	14	.	.	PUNCT
cblr-5121	733	1	after	after	ADP
cblr-5121	733	2	the	the	DET
cblr-5121	733	3	appointment	appointment	NOUN
cblr-5121	733	4	of	of	ADP
cblr-5121	733	5	new	new	PROPN
cblr-5121	733	6	york	york	PROPN
cblr-5121	733	7	fed	fed	PROPN
cblr-5121	733	8	president	president	PROPN
cblr-5121	733	9	john	john	PROPN
cblr-5121	733	10	williams	williams	PROPN
cblr-5121	733	11	,	,	PUNCT
cblr-5121	733	12	some	some	PRON
cblr-5121	733	13	criticized	criticize	VERB
cblr-5121	733	14	the	the	DET
cblr-5121	733	15	selection	selection	NOUN
cblr-5121	733	16	of	of	ADP
cblr-5121	733	17	an	an	DET
cblr-5121	733	18	insider	insider	NOUN
cblr-5121	733	19	as	as	ADP
cblr-5121	733	20	furthering	further	VERB
cblr-5121	733	21	the	the	DET
cblr-5121	733	22	trend	trend	NOUN
cblr-5121	733	23	toward	toward	ADP
cblr-5121	733	24	homogeneity	homogeneity	NOUN
cblr-5121	733	25	within	within	ADP
cblr-5121	733	26	federal	federal	ADJ
cblr-5121	733	27	reserve.183	reserve.183	NOUN
cblr-5121	733	28	the	the	DET
cblr-5121	733	29	new	new	PROPN
cblr-5121	733	30	york	york	PROPN
cblr-5121	733	31	fed	fed	PROPN
cblr-5121	733	32	recently	recently	ADV
cblr-5121	733	33	faced	face	VERB
cblr-5121	733	34	criticism	criticism	NOUN
cblr-5121	733	35	that	that	SCONJ
cblr-5121	733	36	its	its	PRON
cblr-5121	733	37	organizational	organizational	ADJ
cblr-5121	733	38	culture	culture	NOUN
cblr-5121	733	39	was	be	AUX
cblr-5121	733	40	“	"	PUNCT
cblr-5121	733	41	marked	mark	VERB
cblr-5121	733	42	by	by	ADP
cblr-5121	733	43	insufficient	insufficient	ADJ
cblr-5121	733	44	individual	individual	ADJ
cblr-5121	733	45	initiative”184	initiative”184	NOUN
cblr-5121	733	46	and	and	CCONJ
cblr-5121	733	47	“	"	PUNCT
cblr-5121	733	48	ruled	rule	VERB
cblr-5121	733	49	by	by	ADP
cblr-5121	733	50	groupthink	groupthink	NOUN
cblr-5121	733	51	.	.	PUNCT
cblr-5121	733	52	”185	”185	PUNCT
cblr-5121	734	1	after	after	ADP
cblr-5121	734	2	the	the	DET
cblr-5121	734	3	financial	financial	ADJ
cblr-5121	734	4	crisis	crisis	NOUN
cblr-5121	734	5	,	,	PUNCT
cblr-5121	734	6	some	some	PRON
cblr-5121	734	7	pointed	point	VERB
cblr-5121	734	8	to	to	ADP
cblr-5121	734	9	the	the	DET
cblr-5121	734	10	insularity	insularity	NOUN
cblr-5121	734	11	of	of	ADP
cblr-5121	734	12	the	the	DET
cblr-5121	734	13	federal	federal	PROPN
cblr-5121	734	14	reserve	reserve	PROPN
cblr-5121	734	15	as	as	ADP
cblr-5121	734	16	a	a	DET
cblr-5121	734	17	potentially	potentially	ADV
cblr-5121	734	18	exacerbating	exacerbating	ADJ
cblr-5121	734	19	cause.186	cause.186	NOUN
cblr-5121	734	20	looking	look	VERB
cblr-5121	734	21	beyond	beyond	ADP
cblr-5121	734	22	the	the	DET
cblr-5121	734	23	regulatory	regulatory	ADJ
cblr-5121	734	24	sphere	sphere	NOUN
cblr-5121	734	25	,	,	PUNCT
cblr-5121	734	26	the	the	DET
cblr-5121	734	27	lack	lack	NOUN
cblr-5121	734	28	of	of	ADP
cblr-5121	734	29	dissenting	dissent	VERB
cblr-5121	734	30	votes	vote	NOUN
cblr-5121	734	31	on	on	ADP
cblr-5121	734	32	the	the	DET
cblr-5121	734	33	fomc	fomc	NOUN
cblr-5121	734	34	may	may	AUX
cblr-5121	734	35	further	far	ADV
cblr-5121	734	36	indicate	indicate	VERB
cblr-5121	734	37	homogeneity	homogeneity	NOUN
cblr-5121	734	38	within	within	ADP
cblr-5121	734	39	the	the	DET
cblr-5121	734	40	system.187	system.187	NOUN
cblr-5121	734	41	to	to	ADP
cblr-5121	734	42	the	the	DET
cblr-5121	734	43	extent	extent	NOUN
cblr-5121	734	44	that	that	SCONJ
cblr-5121	734	45	the	the	DET
cblr-5121	734	46	politically	politically	ADV
cblr-5121	734	47	insulated	insulated	ADJ
cblr-5121	734	48	process	process	NOUN
cblr-5121	734	49	for	for	ADP
cblr-5121	734	50	appointing	appoint	VERB
cblr-5121	734	51	federal	federal	PROPN
cblr-5121	734	52	reserve	reserve	PROPN
cblr-5121	734	53	bank	bank	PROPN
cblr-5121	734	54	presidents	president	NOUN
cblr-5121	734	55	further	far	ADV
cblr-5121	734	56	entrenches	entrench	VERB
cblr-5121	734	57	this	this	DET
cblr-5121	734	58	trend	trend	NOUN
cblr-5121	734	59	,	,	PUNCT
cblr-5121	734	60	the	the	DET
cblr-5121	734	61	practical	practical	ADJ
cblr-5121	734	62	effects	effect	NOUN
cblr-5121	734	63	on	on	ADP
cblr-5121	734	64	regulation	regulation	NOUN
cblr-5121	734	65	may	may	AUX
cblr-5121	734	66	be	be	AUX
cblr-5121	734	67	undesirable	undesirable	ADJ
cblr-5121	734	68	.	.	PUNCT
cblr-5121	735	1	additionally	additionally	ADV
cblr-5121	735	2	,	,	PUNCT
cblr-5121	735	3	the	the	DET
cblr-5121	735	4	dominance	dominance	NOUN
cblr-5121	735	5	of	of	ADP
cblr-5121	735	6	monetary	monetary	ADJ
cblr-5121	735	7	policy	policy	NOUN
cblr-5121	735	8	experience	experience	NOUN
cblr-5121	735	9	among	among	ADP
cblr-5121	735	10	federal	federal	PROPN
cblr-5121	735	11	reserve	reserve	PROPN
cblr-5121	735	12	bank	bank	PROPN
cblr-5121	735	13	presidents	president	NOUN
cblr-5121	735	14	may	may	AUX
cblr-5121	735	15	be	be	AUX
cblr-5121	735	16	ill	ill	ADV
cblr-5121	735	17	-	-	PUNCT
cblr-5121	735	18	suited	suit	VERB
cblr-5121	735	19	to	to	ADP
cblr-5121	735	20	183	183	NUM
cblr-5121	735	21	see	see	NOUN
cblr-5121	735	22	casselman	casselman	NOUN
cblr-5121	735	23	,	,	PUNCT
cblr-5121	735	24	supra	supra	PROPN
cblr-5121	735	25	note	note	PROPN
cblr-5121	735	26	6	6	NUM
cblr-5121	735	27	(	(	PUNCT
cblr-5121	735	28	“	"	PUNCT
cblr-5121	735	29	the	the	DET
cblr-5121	735	30	problem	problem	NOUN
cblr-5121	735	31	with	with	ADP
cblr-5121	735	32	picking	pick	VERB
cblr-5121	735	33	a	a	DET
cblr-5121	735	34	longtime	longtime	NOUN
cblr-5121	735	35	fed	fed	PROPN
cblr-5121	735	36	insider	insider	NOUN
cblr-5121	735	37	is	be	AUX
cblr-5121	735	38	it	it	PRON
cblr-5121	735	39	just	just	ADV
cblr-5121	735	40	amplifies	amplify	VERB
cblr-5121	735	41	the	the	DET
cblr-5121	735	42	risk	risk	NOUN
cblr-5121	735	43	of	of	ADP
cblr-5121	735	44	groupthink	groupthink	NOUN
cblr-5121	735	45	.	.	PUNCT
cblr-5121	735	46	.	.	PUNCT
cblr-5121	735	47	.	.	PUNCT
cblr-5121	736	1	[	[	X
cblr-5121	736	2	which	which	PRON
cblr-5121	736	3	]	]	PUNCT
cblr-5121	736	4	has	have	AUX
cblr-5121	736	5	proven	prove	VERB
cblr-5121	736	6	to	to	PART
cblr-5121	736	7	be	be	AUX
cblr-5121	736	8	a	a	DET
cblr-5121	736	9	very	very	ADV
cblr-5121	736	10	serious	serious	ADJ
cblr-5121	736	11	threat	threat	NOUN
cblr-5121	736	12	at	at	ADP
cblr-5121	736	13	the	the	DET
cblr-5121	736	14	fed	fed	PROPN
cblr-5121	736	15	.	.	PUNCT
cblr-5121	736	16	”	"	PUNCT
cblr-5121	736	17	)	)	PUNCT
cblr-5121	736	18	.	.	PUNCT
cblr-5121	737	1	184	184	NUM
cblr-5121	737	2	see	see	VERB
cblr-5121	737	3	fed	fed	PROPN
cblr-5121	737	4	.	.	PUNCT
cblr-5121	738	1	res	re	NOUN
cblr-5121	738	2	.	.	PUNCT
cblr-5121	738	3	bank	bank	PROPN
cblr-5121	738	4	of	of	ADP
cblr-5121	738	5	n.y	n.y	PROPN
cblr-5121	738	6	.	.	PROPN
cblr-5121	738	7	,	,	PUNCT
cblr-5121	738	8	supra	supra	PROPN
cblr-5121	738	9	note	note	PROPN
cblr-5121	738	10	13	13	NUM
cblr-5121	738	11	,	,	PUNCT
cblr-5121	738	12	at	at	ADP
cblr-5121	738	13	3	3	NUM
cblr-5121	738	14	.	.	NOUN
cblr-5121	738	15	185	185	NUM
cblr-5121	738	16	inside	inside	ADP
cblr-5121	738	17	the	the	DET
cblr-5121	738	18	new	new	PROPN
cblr-5121	738	19	york	york	PROPN
cblr-5121	738	20	fed	fed	PROPN
cblr-5121	738	21	,	,	PUNCT
cblr-5121	738	22	supra	supra	PROPN
cblr-5121	738	23	note	note	NOUN
cblr-5121	738	24	12	12	NUM
cblr-5121	738	25	.	.	PUNCT
cblr-5121	739	1	186	186	NUM
cblr-5121	739	2	see	see	VERB
cblr-5121	739	3	johnson	johnson	PROPN
cblr-5121	739	4	&	&	CCONJ
cblr-5121	739	5	kwak	kwak	PROPN
cblr-5121	739	6	,	,	PUNCT
cblr-5121	739	7	supra	supra	PROPN
cblr-5121	739	8	note	note	PROPN
cblr-5121	739	9	109	109	NUM
cblr-5121	739	10	,	,	PUNCT
cblr-5121	739	11	at	at	ADP
cblr-5121	739	12	103	103	NUM
cblr-5121	739	13	(	(	PUNCT
cblr-5121	739	14	recounting	recount	VERB
cblr-5121	739	15	the	the	DET
cblr-5121	739	16	triumph	triumph	NOUN
cblr-5121	739	17	of	of	ADP
cblr-5121	739	18	the	the	DET
cblr-5121	739	19	“	"	PUNCT
cblr-5121	739	20	greenspan	greenspan	PROPN
cblr-5121	739	21	doctrine	doctrine	NOUN
cblr-5121	739	22	”	"	PUNCT
cblr-5121	739	23	over	over	ADP
cblr-5121	739	24	external	external	ADJ
cblr-5121	739	25	calls	call	NOUN
cblr-5121	739	26	to	to	PART
cblr-5121	739	27	reconsider	reconsider	VERB
cblr-5121	739	28	the	the	DET
cblr-5121	739	29	connection	connection	NOUN
cblr-5121	739	30	between	between	ADP
cblr-5121	739	31	deregulation	deregulation	NOUN
cblr-5121	739	32	,	,	PUNCT
cblr-5121	739	33	innovation	innovation	NOUN
cblr-5121	739	34	,	,	PUNCT
cblr-5121	739	35	and	and	CCONJ
cblr-5121	739	36	economic	economic	ADJ
cblr-5121	739	37	risk	risk	NOUN
cblr-5121	739	38	)	)	PUNCT
cblr-5121	739	39	.	.	PUNCT
cblr-5121	740	1	after	after	ADP
cblr-5121	740	2	the	the	DET
cblr-5121	740	3	appointment	appointment	NOUN
cblr-5121	740	4	of	of	ADP
cblr-5121	740	5	john	john	PROPN
cblr-5121	740	6	williams	williams	PROPN
cblr-5121	740	7	,	,	PUNCT
cblr-5121	740	8	some	some	PRON
cblr-5121	740	9	raised	raise	VERB
cblr-5121	740	10	similar	similar	ADJ
cblr-5121	740	11	concerns	concern	NOUN
cblr-5121	740	12	.	.	PUNCT
cblr-5121	741	1	see	see	VERB
cblr-5121	741	2	casselman	casselman	NOUN
cblr-5121	741	3	,	,	PUNCT
cblr-5121	741	4	supra	supra	PROPN
cblr-5121	741	5	note	note	PROPN
cblr-5121	741	6	6	6	NUM
cblr-5121	741	7	(	(	PUNCT
cblr-5121	741	8	“	"	PUNCT
cblr-5121	741	9	[	[	X
cblr-5121	741	10	t]here	t]here	NOUN
cblr-5121	741	11	are	be	AUX
cblr-5121	741	12	also	also	ADV
cblr-5121	741	13	risks	risk	NOUN
cblr-5121	741	14	to	to	ADP
cblr-5121	741	15	picking	pick	VERB
cblr-5121	741	16	an	an	DET
cblr-5121	741	17	insider	insider	NOUN
cblr-5121	741	18	.	.	PUNCT
cblr-5121	742	1	fed	fed	PROPN
cblr-5121	742	2	officials	official	NOUN
cblr-5121	742	3	failed	fail	VERB
cblr-5121	742	4	to	to	PART
cblr-5121	742	5	appreciate	appreciate	VERB
cblr-5121	742	6	the	the	DET
cblr-5121	742	7	risks	risk	NOUN
cblr-5121	742	8	posed	pose	VERB
cblr-5121	742	9	by	by	ADP
cblr-5121	742	10	the	the	DET
cblr-5121	742	11	housing	housing	NOUN
cblr-5121	742	12	bubble	bubble	NOUN
cblr-5121	742	13	in	in	ADP
cblr-5121	742	14	the	the	DET
cblr-5121	742	15	mid-2000s	mid-2000s	PROPN
cblr-5121	742	16	,	,	PUNCT
cblr-5121	742	17	for	for	ADP
cblr-5121	742	18	example	example	NOUN
cblr-5121	742	19	,	,	PUNCT
cblr-5121	742	20	even	even	ADV
cblr-5121	742	21	as	as	SCONJ
cblr-5121	742	22	some	some	DET
cblr-5121	742	23	outside	outside	ADJ
cblr-5121	742	24	voices	voice	NOUN
cblr-5121	742	25	tried	try	VERB
cblr-5121	742	26	to	to	PART
cblr-5121	742	27	raise	raise	VERB
cblr-5121	742	28	the	the	DET
cblr-5121	742	29	alarm	alarm	NOUN
cblr-5121	742	30	.	.	PUNCT
cblr-5121	742	31	”	"	PUNCT
cblr-5121	742	32	)	)	PUNCT
cblr-5121	742	33	.	.	PUNCT
cblr-5121	743	1	187	187	NUM
cblr-5121	743	2	see	see	VERB
cblr-5121	743	3	conti	conti	ADJ
cblr-5121	743	4	-	-	ADJ
cblr-5121	743	5	brown	brown	ADJ
cblr-5121	743	6	,	,	PUNCT
cblr-5121	743	7	supra	supra	PROPN
cblr-5121	743	8	note	note	NOUN
cblr-5121	743	9	13	13	NUM
cblr-5121	743	10	,	,	PUNCT
cblr-5121	743	11	at	at	ADP
cblr-5121	743	12	121–22	121–22	NUM
cblr-5121	743	13	.	.	PUNCT
cblr-5121	744	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	744	2	(	(	PUNCT
cblr-5121	744	3	do	do	AUX
cblr-5121	744	4	not	not	PART
cblr-5121	744	5	delete	delete	VERB
cblr-5121	744	6	)	)	PUNCT
cblr-5121	744	7	1/3/2020	1/3/2020	NUM
cblr-5121	744	8	4:04	4:04	NUM
cblr-5121	744	9	pm	pm	NOUN
cblr-5121	744	10	no	no	NOUN
cblr-5121	744	11	.	.	PUNCT
cblr-5121	745	1	3:1123	3:1123	NUM
cblr-5121	745	2	]	]	PUNCT
cblr-5121	745	3	insider	insider	NOUN
cblr-5121	745	4	interest	interest	NOUN
cblr-5121	745	5	,	,	PUNCT
cblr-5121	745	6	not	not	PART
cblr-5121	745	7	industry	industry	NOUN
cblr-5121	745	8	influence	influence	NOUN
cblr-5121	745	9	1167	1167	NUM
cblr-5121	745	10	achieve	achieve	VERB
cblr-5121	745	11	the	the	DET
cblr-5121	745	12	goal	goal	NOUN
cblr-5121	745	13	of	of	ADP
cblr-5121	745	14	effective	effective	ADJ
cblr-5121	745	15	financial	financial	ADJ
cblr-5121	745	16	supervision	supervision	NOUN
cblr-5121	745	17	.	.	PUNCT
cblr-5121	746	1	for	for	ADP
cblr-5121	746	2	example	example	NOUN
cblr-5121	746	3	,	,	PUNCT
cblr-5121	746	4	the	the	DET
cblr-5121	746	5	appointment	appointment	NOUN
cblr-5121	746	6	of	of	ADP
cblr-5121	746	7	john	john	PROPN
cblr-5121	746	8	williams	williams	PROPN
cblr-5121	746	9	raised	raise	VERB
cblr-5121	746	10	some	some	DET
cblr-5121	746	11	concern	concern	NOUN
cblr-5121	746	12	that	that	SCONJ
cblr-5121	746	13	williams	williams	PROPN
cblr-5121	746	14	lacked	lack	VERB
cblr-5121	746	15	the	the	DET
cblr-5121	746	16	financial	financial	ADJ
cblr-5121	746	17	experience	experience	NOUN
cblr-5121	746	18	commensurate	commensurate	ADJ
cblr-5121	746	19	to	to	ADP
cblr-5121	746	20	the	the	DET
cblr-5121	746	21	task	task	NOUN
cblr-5121	746	22	of	of	ADP
cblr-5121	746	23	supervising	supervise	VERB
cblr-5121	746	24	the	the	DET
cblr-5121	746	25	banks	bank	NOUN
cblr-5121	746	26	in	in	ADP
cblr-5121	746	27	the	the	DET
cblr-5121	746	28	new	new	PROPN
cblr-5121	746	29	york	york	PROPN
cblr-5121	746	30	fed	fed	PROPN
cblr-5121	746	31	’s	’s	PART
cblr-5121	746	32	district.188	district.188	NOUN
cblr-5121	746	33	more	more	ADV
cblr-5121	746	34	generally	generally	ADV
cblr-5121	746	35	,	,	PUNCT
cblr-5121	746	36	economists	economist	NOUN
cblr-5121	746	37	dominate	dominate	VERB
cblr-5121	746	38	among	among	ADP
cblr-5121	746	39	reserve	reserve	NOUN
cblr-5121	746	40	bank	bank	NOUN
cblr-5121	746	41	presidents	president	NOUN
cblr-5121	746	42	,	,	PUNCT
cblr-5121	746	43	undermining	undermine	VERB
cblr-5121	746	44	any	any	DET
cblr-5121	746	45	contention	contention	NOUN
cblr-5121	746	46	that	that	SCONJ
cblr-5121	746	47	“	"	PUNCT
cblr-5121	746	48	the	the	DET
cblr-5121	746	49	current	current	ADJ
cblr-5121	746	50	governance	governance	NOUN
cblr-5121	746	51	structure	structure	NOUN
cblr-5121	746	52	produces	produce	VERB
cblr-5121	746	53	a	a	DET
cblr-5121	746	54	valuable	valuable	ADJ
cblr-5121	746	55	range	range	NOUN
cblr-5121	746	56	of	of	ADP
cblr-5121	746	57	intellectual	intellectual	ADJ
cblr-5121	746	58	diversity	diversity	NOUN
cblr-5121	746	59	.	.	PUNCT
cblr-5121	747	1	”189	”189	PUNCT
cblr-5121	747	2	this	this	PRON
cblr-5121	747	3	further	far	ADV
cblr-5121	747	4	illustrates	illustrate	VERB
cblr-5121	747	5	the	the	DET
cblr-5121	747	6	problems	problem	NOUN
cblr-5121	747	7	associated	associate	VERB
cblr-5121	747	8	with	with	ADP
cblr-5121	747	9	combining	combine	VERB
cblr-5121	747	10	monetary	monetary	ADJ
cblr-5121	747	11	and	and	CCONJ
cblr-5121	747	12	supervisory	supervisory	ADJ
cblr-5121	747	13	responsibility	responsibility	NOUN
cblr-5121	747	14	within	within	ADP
cblr-5121	747	15	the	the	DET
cblr-5121	747	16	federal	federal	PROPN
cblr-5121	747	17	reserve	reserve	PROPN
cblr-5121	747	18	.	.	PUNCT
cblr-5121	748	1	trends	trend	NOUN
cblr-5121	748	2	toward	toward	ADP
cblr-5121	748	3	centralization	centralization	NOUN
cblr-5121	748	4	in	in	ADP
cblr-5121	748	5	the	the	DET
cblr-5121	748	6	appointments	appointment	NOUN
cblr-5121	748	7	process	process	NOUN
cblr-5121	748	8	may	may	AUX
cblr-5121	748	9	only	only	ADV
cblr-5121	748	10	serve	serve	VERB
cblr-5121	748	11	to	to	PART
cblr-5121	748	12	exacerbate	exacerbate	VERB
cblr-5121	748	13	these	these	DET
cblr-5121	748	14	problems	problem	NOUN
cblr-5121	748	15	.	.	PUNCT
cblr-5121	749	1	although	although	SCONJ
cblr-5121	749	2	the	the	DET
cblr-5121	749	3	potential	potential	ADJ
cblr-5121	749	4	involvement	involvement	NOUN
cblr-5121	749	5	of	of	ADP
cblr-5121	749	6	federal	federal	PROPN
cblr-5121	749	7	reserve	reserve	PROPN
cblr-5121	749	8	chair	chair	PROPN
cblr-5121	749	9	powell	powell	PROPN
cblr-5121	749	10	in	in	ADP
cblr-5121	749	11	the	the	DET
cblr-5121	749	12	recent	recent	ADJ
cblr-5121	749	13	selection	selection	NOUN
cblr-5121	749	14	of	of	ADP
cblr-5121	749	15	the	the	DET
cblr-5121	749	16	new	new	PROPN
cblr-5121	749	17	york	york	PROPN
cblr-5121	749	18	fed	fed	PROPN
cblr-5121	749	19	president	president	PROPN
cblr-5121	749	20	may	may	AUX
cblr-5121	749	21	mitigate	mitigate	VERB
cblr-5121	749	22	accountability	accountability	NOUN
cblr-5121	749	23	concerns	concern	NOUN
cblr-5121	749	24	raised	raise	VERB
cblr-5121	749	25	by	by	ADP
cblr-5121	749	26	the	the	DET
cblr-5121	749	27	pronounced	pronounce	VERB
cblr-5121	749	28	involvement	involvement	NOUN
cblr-5121	749	29	of	of	ADP
cblr-5121	749	30	regional	regional	ADJ
cblr-5121	749	31	boards	board	NOUN
cblr-5121	749	32	of	of	ADP
cblr-5121	749	33	directors	director	NOUN
cblr-5121	749	34	,	,	PUNCT
cblr-5121	749	35	it	it	PRON
cblr-5121	749	36	resulted	result	VERB
cblr-5121	749	37	in	in	ADP
cblr-5121	749	38	the	the	DET
cblr-5121	749	39	elevation	elevation	NOUN
cblr-5121	749	40	of	of	ADP
cblr-5121	749	41	a	a	DET
cblr-5121	749	42	member	member	NOUN
cblr-5121	749	43	of	of	ADP
cblr-5121	749	44	the	the	DET
cblr-5121	749	45	chair	chair	NOUN
cblr-5121	749	46	’s	’s	PART
cblr-5121	749	47	“	"	PUNCT
cblr-5121	749	48	inner	inner	ADJ
cblr-5121	749	49	circle	circle	NOUN
cblr-5121	749	50	”	"	PUNCT
cblr-5121	749	51	to	to	PART
cblr-5121	749	52	“	"	PUNCT
cblr-5121	749	53	build	build	VERB
cblr-5121	749	54	[	[	X
cblr-5121	749	55	]	]	X
cblr-5121	749	56	out	out	ADP
cblr-5121	749	57	the	the	DET
cblr-5121	749	58	leadership	leadership	NOUN
cblr-5121	749	59	team	team	NOUN
cblr-5121	749	60	for	for	ADP
cblr-5121	749	61	a	a	DET
cblr-5121	749	62	new	new	ADJ
cblr-5121	749	63	federal	federal	PROPN
cblr-5121	749	64	reserve	reserve	PROPN
cblr-5121	749	65	chairman	chairman	NOUN
cblr-5121	749	66	who	who	PRON
cblr-5121	749	67	is	be	AUX
cblr-5121	749	68	n’t	not	PART
cblr-5121	749	69	an	an	DET
cblr-5121	749	70	economist	economist	NOUN
cblr-5121	749	71	.	.	PUNCT
cblr-5121	750	1	”190	”190	PROPN
cblr-5121	750	2	and	and	CCONJ
cblr-5121	750	3	because	because	SCONJ
cblr-5121	750	4	of	of	ADP
cblr-5121	750	5	the	the	DET
cblr-5121	750	6	opacity	opacity	NOUN
cblr-5121	750	7	of	of	ADP
cblr-5121	750	8	the	the	DET
cblr-5121	750	9	reserve	reserve	PROPN
cblr-5121	750	10	bank	bank	PROPN
cblr-5121	750	11	president	president	PROPN
cblr-5121	750	12	appointment	appointment	NOUN
cblr-5121	750	13	process	process	NOUN
cblr-5121	750	14	,	,	PUNCT
cblr-5121	750	15	the	the	DET
cblr-5121	750	16	public	public	NOUN
cblr-5121	750	17	received	receive	VERB
cblr-5121	750	18	scant	scant	ADJ
cblr-5121	750	19	information	information	NOUN
cblr-5121	750	20	regarding	regard	VERB
cblr-5121	750	21	the	the	DET
cblr-5121	750	22	actual	actual	ADJ
cblr-5121	750	23	criteria	criterion	NOUN
cblr-5121	750	24	of	of	ADP
cblr-5121	750	25	selection	selection	NOUN
cblr-5121	750	26	or	or	CCONJ
cblr-5121	750	27	the	the	DET
cblr-5121	750	28	relative	relative	ADJ
cblr-5121	750	29	influence	influence	NOUN
cblr-5121	750	30	of	of	ADP
cblr-5121	750	31	the	the	DET
cblr-5121	750	32	board	board	NOUN
cblr-5121	750	33	of	of	ADP
cblr-5121	750	34	governors	governor	NOUN
cblr-5121	750	35	,	,	PUNCT
cblr-5121	750	36	the	the	DET
cblr-5121	750	37	reserve	reserve	NOUN
cblr-5121	750	38	banks	bank	NOUN
cblr-5121	750	39	’	'	PUNCT
cblr-5121	750	40	boards	board	NOUN
cblr-5121	750	41	of	of	ADP
cblr-5121	750	42	directors	director	NOUN
cblr-5121	750	43	,	,	PUNCT
cblr-5121	750	44	or	or	CCONJ
cblr-5121	750	45	other	other	ADJ
cblr-5121	750	46	involved	involved	ADJ
cblr-5121	750	47	parties	party	NOUN
cblr-5121	750	48	in	in	ADP
cblr-5121	750	49	the	the	DET
cblr-5121	750	50	appointment	appointment	NOUN
cblr-5121	750	51	process	process	NOUN
cblr-5121	750	52	.	.	PUNCT
cblr-5121	751	1	thus	thus	ADV
cblr-5121	751	2	,	,	PUNCT
cblr-5121	751	3	although	although	SCONJ
cblr-5121	751	4	greater	great	ADJ
cblr-5121	751	5	involvement	involvement	NOUN
cblr-5121	751	6	of	of	ADP
cblr-5121	751	7	the	the	DET
cblr-5121	751	8	board	board	NOUN
cblr-5121	751	9	of	of	ADP
cblr-5121	751	10	governors	governor	NOUN
cblr-5121	751	11	in	in	ADP
cblr-5121	751	12	the	the	DET
cblr-5121	751	13	selection	selection	NOUN
cblr-5121	751	14	of	of	ADP
cblr-5121	751	15	reserve	reserve	PROPN
cblr-5121	751	16	bank	bank	PROPN
cblr-5121	751	17	presidents	president	NOUN
cblr-5121	751	18	may	may	AUX
cblr-5121	751	19	alleviate	alleviate	VERB
cblr-5121	751	20	concerns	concern	NOUN
cblr-5121	751	21	about	about	ADP
cblr-5121	751	22	industry	industry	NOUN
cblr-5121	751	23	capture	capture	NOUN
cblr-5121	751	24	,	,	PUNCT
cblr-5121	751	25	the	the	DET
cblr-5121	751	26	selection	selection	NOUN
cblr-5121	751	27	of	of	ADP
cblr-5121	751	28	another	another	DET
cblr-5121	751	29	federal	federal	ADJ
cblr-5121	751	30	reserve	reserve	NOUN
cblr-5121	751	31	insider	insider	NOUN
cblr-5121	751	32	to	to	ADP
cblr-5121	751	33	a	a	DET
cblr-5121	751	34	reserve	reserve	PROPN
cblr-5121	751	35	bank	bank	PROPN
cblr-5121	751	36	presidency	presidency	NOUN
cblr-5121	751	37	points	point	VERB
cblr-5121	751	38	to	to	ADP
cblr-5121	751	39	a	a	DET
cblr-5121	751	40	different	different	ADJ
cblr-5121	751	41	problem	problem	NOUN
cblr-5121	751	42	in	in	ADP
cblr-5121	751	43	reserve	reserve	PROPN
cblr-5121	751	44	bank	bank	PROPN
cblr-5121	751	45	188	188	NUM
cblr-5121	751	46	see	see	NOUN
cblr-5121	751	47	heather	heather	PROPN
cblr-5121	751	48	long	long	ADV
cblr-5121	751	49	,	,	PUNCT
cblr-5121	751	50	john	john	PROPN
cblr-5121	751	51	williams	williams	PROPN
cblr-5121	751	52	tapped	tap	VERB
cblr-5121	751	53	to	to	PART
cblr-5121	751	54	lead	lead	VERB
cblr-5121	751	55	new	new	PROPN
cblr-5121	751	56	york	york	PROPN
cblr-5121	751	57	fed	fed	PROPN
cblr-5121	751	58	,	,	PUNCT
cblr-5121	751	59	frustrating	frustrating	ADJ
cblr-5121	751	60	progressives	progressive	NOUN
cblr-5121	751	61	and	and	CCONJ
cblr-5121	751	62	worrying	worry	VERB
cblr-5121	751	63	some	some	PRON
cblr-5121	751	64	on	on	ADP
cblr-5121	751	65	wall	wall	PROPN
cblr-5121	751	66	street	street	PROPN
cblr-5121	751	67	,	,	PUNCT
cblr-5121	751	68	wash	wash	NOUN
cblr-5121	751	69	.	.	PUNCT
cblr-5121	752	1	post	post	NOUN
cblr-5121	752	2	(	(	PUNCT
cblr-5121	752	3	apr	apr	NOUN
cblr-5121	752	4	.	.	PROPN
cblr-5121	752	5	3	3	NUM
cblr-5121	752	6	,	,	PUNCT
cblr-5121	752	7	2018	2018	NUM
cblr-5121	752	8	)	)	PUNCT
cblr-5121	752	9	,	,	PUNCT
cblr-5121	752	10	https://www.washingtonpost.com/news/wonk/wp/2018/04/03/john-williamstapped-to-lead-new-york-fed-frustrating-progressives-and-worrying-someon-wall-street/?utm_term=.4721c5408426	https://www.washingtonpost.com/news/wonk/wp/2018/04/03/john-williamstapped-to-lead-new-york-fed-frustrating-progressives-and-worrying-someon-wall-street/?utm_term=.4721c5408426	X
cblr-5121	753	1	[	[	X
cblr-5121	753	2	https://perma.cc/w63r-52ct	https://perma.cc/w63r-52ct	X
cblr-5121	753	3	]	]	X
cblr-5121	753	4	(	(	PUNCT
cblr-5121	753	5	“	"	PUNCT
cblr-5121	753	6	some	some	PRON
cblr-5121	753	7	on	on	ADP
cblr-5121	753	8	wall	wall	PROPN
cblr-5121	753	9	street	street	PROPN
cblr-5121	753	10	are	be	AUX
cblr-5121	753	11	also	also	ADV
cblr-5121	753	12	concerned	concerned	ADJ
cblr-5121	753	13	that	that	SCONJ
cblr-5121	753	14	williams	williams	PROPN
cblr-5121	753	15	,	,	PUNCT
cblr-5121	753	16	a	a	DET
cblr-5121	753	17	stanford	stanford	PROPN
cblr-5121	753	18	economist	economist	NOUN
cblr-5121	753	19	who	who	PRON
cblr-5121	753	20	has	have	AUX
cblr-5121	753	21	spent	spend	VERB
cblr-5121	753	22	most	most	ADJ
cblr-5121	753	23	of	of	ADP
cblr-5121	753	24	his	his	PRON
cblr-5121	753	25	career	career	NOUN
cblr-5121	753	26	at	at	ADP
cblr-5121	753	27	the	the	DET
cblr-5121	753	28	central	central	ADJ
cblr-5121	753	29	bank	bank	NOUN
cblr-5121	753	30	,	,	PUNCT
cblr-5121	753	31	does	do	AUX
cblr-5121	753	32	not	not	PART
cblr-5121	753	33	have	have	VERB
cblr-5121	753	34	enough	enough	ADJ
cblr-5121	753	35	experience	experience	NOUN
cblr-5121	753	36	with	with	ADP
cblr-5121	753	37	markets	market	NOUN
cblr-5121	753	38	.	.	PUNCT
cblr-5121	753	39	”	"	PUNCT
cblr-5121	753	40	)	)	PUNCT
cblr-5121	753	41	.	.	PUNCT
cblr-5121	754	1	189	189	NUM
cblr-5121	754	2	conti	conti	ADJ
cblr-5121	754	3	-	-	ADJ
cblr-5121	754	4	brown	brown	ADJ
cblr-5121	754	5	,	,	PUNCT
cblr-5121	754	6	supra	supra	PROPN
cblr-5121	754	7	note	note	NOUN
cblr-5121	754	8	13	13	NUM
cblr-5121	754	9	,	,	PUNCT
cblr-5121	754	10	at	at	ADP
cblr-5121	754	11	261	261	NUM
cblr-5121	754	12	.	.	PUNCT
cblr-5121	755	1	190	190	NUM
cblr-5121	755	2	see	see	VERB
cblr-5121	755	3	timiraos	timiraos	NOUN
cblr-5121	755	4	,	,	PUNCT
cblr-5121	755	5	supra	supra	PROPN
cblr-5121	755	6	note	note	NOUN
cblr-5121	755	7	5	5	NUM
cblr-5121	755	8	.	.	NOUN
cblr-5121	755	9	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	755	10	(	(	PUNCT
cblr-5121	755	11	do	do	AUX
cblr-5121	755	12	not	not	PART
cblr-5121	755	13	delte	delte	VERB
cblr-5121	755	14	)	)	PUNCT
cblr-5121	755	15	1/3/2020	1/3/2020	NUM
cblr-5121	756	1	4:04	4:04	NUM
cblr-5121	756	2	pm	pm	NOUN
cblr-5121	756	3	1168	1168	NUM
cblr-5121	756	4	columbia	columbia	PROPN
cblr-5121	756	5	business	business	NOUN
cblr-5121	756	6	law	law	PROPN
cblr-5121	756	7	review	review	NOUN
cblr-5121	756	8	[	[	X
cblr-5121	756	9	vol	vol	NOUN
cblr-5121	756	10	.	.	NOUN
cblr-5121	756	11	2019	2019	NUM
cblr-5121	756	12	governance	governance	NOUN
cblr-5121	756	13	and	and	CCONJ
cblr-5121	756	14	demands	demand	VERB
cblr-5121	756	15	an	an	DET
cblr-5121	756	16	alternative	alternative	ADJ
cblr-5121	756	17	solution	solution	NOUN
cblr-5121	756	18	.	.	PUNCT
cblr-5121	757	1	without	without	ADP
cblr-5121	757	2	more	more	ADJ
cblr-5121	757	3	systemic	systemic	ADJ
cblr-5121	757	4	transparency	transparency	NOUN
cblr-5121	757	5	in	in	ADP
cblr-5121	757	6	the	the	DET
cblr-5121	757	7	selection	selection	NOUN
cblr-5121	757	8	process	process	NOUN
cblr-5121	757	9	,	,	PUNCT
cblr-5121	757	10	efforts	effort	NOUN
cblr-5121	757	11	at	at	ADP
cblr-5121	757	12	public	public	ADJ
cblr-5121	757	13	engagement	engagement	NOUN
cblr-5121	757	14	,	,	PUNCT
cblr-5121	757	15	including	include	VERB
cblr-5121	757	16	the	the	DET
cblr-5121	757	17	new	new	PROPN
cblr-5121	757	18	york	york	PROPN
cblr-5121	757	19	fed	fed	PROPN
cblr-5121	757	20	’s	’s	PART
cblr-5121	757	21	recent	recent	ADJ
cblr-5121	757	22	attempt	attempt	NOUN
cblr-5121	757	23	to	to	PART
cblr-5121	757	24	“	"	PUNCT
cblr-5121	757	25	emphasize	emphasize	VERB
cblr-5121	757	26	[	[	X
cblr-5121	757	27	]	]	X
cblr-5121	757	28	an	an	DET
cblr-5121	757	29	unusual	unusual	ADJ
cblr-5121	757	30	amount	amount	NOUN
cblr-5121	757	31	of	of	ADP
cblr-5121	757	32	transparency	transparency	NOUN
cblr-5121	757	33	”	"	PUNCT
cblr-5121	757	34	in	in	ADP
cblr-5121	757	35	their	their	PRON
cblr-5121	757	36	selection	selection	NOUN
cblr-5121	757	37	process,191	process,191	NOUN
cblr-5121	757	38	may	may	AUX
cblr-5121	757	39	do	do	VERB
cblr-5121	757	40	little	little	ADJ
cblr-5121	757	41	to	to	PART
cblr-5121	757	42	counter	counter	VERB
cblr-5121	757	43	public	public	ADJ
cblr-5121	757	44	dissatisfaction	dissatisfaction	NOUN
cblr-5121	757	45	over	over	ADP
cblr-5121	757	46	the	the	DET
cblr-5121	757	47	legitimacy	legitimacy	NOUN
cblr-5121	757	48	of	of	ADP
cblr-5121	757	49	the	the	DET
cblr-5121	757	50	appointment	appointment	NOUN
cblr-5121	757	51	process	process	NOUN
cblr-5121	757	52	and	and	CCONJ
cblr-5121	757	53	insularity	insularity	NOUN
cblr-5121	757	54	of	of	ADP
cblr-5121	757	55	the	the	DET
cblr-5121	757	56	selection.192	selection.192	NOUN
cblr-5121	757	57	legislative	legislative	ADJ
cblr-5121	757	58	changes	change	NOUN
cblr-5121	757	59	suggested	suggest	VERB
cblr-5121	757	60	after	after	SCONJ
cblr-5121	757	61	the	the	DET
cblr-5121	757	62	most	most	ADV
cblr-5121	757	63	recent	recent	ADJ
cblr-5121	757	64	new	new	PROPN
cblr-5121	757	65	york	york	PROPN
cblr-5121	757	66	fed	fed	PROPN
cblr-5121	757	67	appointment	appointment	NOUN
cblr-5121	757	68	included	include	VERB
cblr-5121	757	69	requiring	require	VERB
cblr-5121	757	70	the	the	DET
cblr-5121	757	71	new	new	PROPN
cblr-5121	757	72	york	york	PROPN
cblr-5121	757	73	fed	fed	PROPN
cblr-5121	757	74	president	president	PROPN
cblr-5121	757	75	to	to	PART
cblr-5121	757	76	testify	testify	VERB
cblr-5121	757	77	before	before	ADP
cblr-5121	757	78	congress	congress	PROPN
cblr-5121	757	79	and	and	CCONJ
cblr-5121	757	80	making	make	VERB
cblr-5121	757	81	the	the	DET
cblr-5121	757	82	new	new	PROPN
cblr-5121	757	83	york	york	PROPN
cblr-5121	757	84	fed	fed	PROPN
cblr-5121	757	85	president	president	PROPN
cblr-5121	757	86	a	a	DET
cblr-5121	757	87	presidential	presidential	ADJ
cblr-5121	757	88	appointment.193	appointment.193	NOUN
cblr-5121	757	89	more	more	ADV
cblr-5121	757	90	ambitious	ambitious	ADJ
cblr-5121	757	91	and	and	CCONJ
cblr-5121	757	92	far	far	ADV
cblr-5121	757	93	-	-	PUNCT
cblr-5121	757	94	reaching	reach	VERB
cblr-5121	757	95	reforms	reform	NOUN
cblr-5121	757	96	remain	remain	VERB
cblr-5121	757	97	possible	possible	ADJ
cblr-5121	757	98	(	(	PUNCT
cblr-5121	757	99	if	if	SCONJ
cblr-5121	757	100	unlikely	unlikely	ADJ
cblr-5121	757	101	)	)	PUNCT
cblr-5121	757	102	,	,	PUNCT
cblr-5121	757	103	ranging	range	VERB
cblr-5121	757	104	from	from	ADP
cblr-5121	757	105	formally	formally	ADV
cblr-5121	757	106	vesting	vest	VERB
cblr-5121	757	107	appointment	appointment	NOUN
cblr-5121	757	108	and	and	CCONJ
cblr-5121	757	109	at	at	ADP
cblr-5121	757	110	-	-	PUNCT
cblr-5121	757	111	will	will	AUX
cblr-5121	757	112	removal	removal	VERB
cblr-5121	757	113	power	power	NOUN
cblr-5121	757	114	in	in	ADP
cblr-5121	757	115	the	the	DET
cblr-5121	757	116	board	board	NOUN
cblr-5121	757	117	of	of	ADP
cblr-5121	757	118	governors	governor	NOUN
cblr-5121	757	119	,	,	PUNCT
cblr-5121	757	120	to	to	ADP
cblr-5121	757	121	stripping	strip	VERB
cblr-5121	757	122	the	the	DET
cblr-5121	757	123	reserve	reserve	NOUN
cblr-5121	757	124	banks	bank	NOUN
cblr-5121	757	125	of	of	ADP
cblr-5121	757	126	their	their	PRON
cblr-5121	757	127	private	private	ADJ
cblr-5121	757	128	status	status	NOUN
cblr-5121	757	129	entirely.194	entirely.194	NOUN
cblr-5121	757	130	the	the	DET
cblr-5121	757	131	longstanding	longstanding	ADJ
cblr-5121	757	132	historical	historical	ADJ
cblr-5121	757	133	foundations	foundation	NOUN
cblr-5121	757	134	of	of	ADP
cblr-5121	757	135	the	the	DET
cblr-5121	757	136	quasiprivate	quasiprivate	ADJ
cblr-5121	757	137	federal	federal	PROPN
cblr-5121	757	138	reserve	reserve	PROPN
cblr-5121	757	139	and	and	CCONJ
cblr-5121	757	140	the	the	DET
cblr-5121	757	141	failure	failure	NOUN
cblr-5121	757	142	of	of	ADP
cblr-5121	757	143	similarly	similarly	ADV
cblr-5121	757	144	ambitious	ambitious	ADJ
cblr-5121	757	145	bills	bill	NOUN
cblr-5121	757	146	following	follow	VERB
cblr-5121	757	147	the	the	DET
cblr-5121	757	148	financial	financial	ADJ
cblr-5121	757	149	crisis	crisis	NOUN
cblr-5121	757	150	,	,	PUNCT
cblr-5121	757	151	however	however	ADV
cblr-5121	757	152	,	,	PUNCT
cblr-5121	757	153	suggest	suggest	VERB
cblr-5121	757	154	that	that	SCONJ
cblr-5121	757	155	systemic	systemic	ADJ
cblr-5121	757	156	reforms	reform	NOUN
cblr-5121	757	157	aimed	aim	VERB
cblr-5121	757	158	at	at	ADP
cblr-5121	757	159	federal	federal	PROPN
cblr-5121	757	160	reserve	reserve	PROPN
cblr-5121	757	161	bank	bank	PROPN
cblr-5121	757	162	governance	governance	NOUN
cblr-5121	757	163	are	be	AUX
cblr-5121	757	164	unlikely	unlikely	ADJ
cblr-5121	757	165	.	.	PUNCT
cblr-5121	758	1	instead	instead	ADV
cblr-5121	758	2	,	,	PUNCT
cblr-5121	758	3	reforms	reform	NOUN
cblr-5121	758	4	adopted	adopt	VERB
cblr-5121	758	5	by	by	ADP
cblr-5121	758	6	the	the	DET
cblr-5121	758	7	reserve	reserve	NOUN
cblr-5121	758	8	banks	bank	NOUN
cblr-5121	758	9	themselves	themselves	PRON
cblr-5121	758	10	are	be	AUX
cblr-5121	758	11	likely	likely	ADJ
cblr-5121	758	12	the	the	DET
cblr-5121	758	13	more	more	ADV
cblr-5121	758	14	promising	promising	ADJ
cblr-5121	758	15	avenue	avenue	NOUN
cblr-5121	758	16	for	for	ADP
cblr-5121	758	17	change	change	NOUN
cblr-5121	758	18	.	.	PUNCT
cblr-5121	759	1	the	the	DET
cblr-5121	759	2	new	new	PROPN
cblr-5121	759	3	york	york	PROPN
cblr-5121	759	4	fed	fed	PROPN
cblr-5121	759	5	’s	’s	PART
cblr-5121	759	6	recent	recent	ADJ
cblr-5121	759	7	commitment	commitment	NOUN
cblr-5121	759	8	to	to	ADP
cblr-5121	759	9	transparency	transparency	NOUN
cblr-5121	759	10	,	,	PUNCT
cblr-5121	759	11	though	though	SCONJ
cblr-5121	759	12	ultimately	ultimately	ADV
cblr-5121	759	13	leaving	leave	VERB
cblr-5121	759	14	many	many	ADJ
cblr-5121	759	15	unsatisfied	unsatisfied	ADJ
cblr-5121	759	16	,	,	PUNCT
cblr-5121	759	17	provides	provide	VERB
cblr-5121	759	18	a	a	DET
cblr-5121	759	19	roadmap	roadmap	NOUN
cblr-5121	759	20	for	for	ADP
cblr-5121	759	21	future	future	ADJ
cblr-5121	759	22	reforms	reform	NOUN
cblr-5121	759	23	that	that	PRON
cblr-5121	759	24	could	could	AUX
cblr-5121	759	25	be	be	AUX
cblr-5121	759	26	adopted	adopt	VERB
cblr-5121	759	27	and	and	CCONJ
cblr-5121	759	28	expanded	expand	VERB
cblr-5121	759	29	throughout	throughout	ADP
cblr-5121	759	30	the	the	DET
cblr-5121	759	31	federal	federal	PROPN
cblr-5121	759	32	reserve	reserve	PROPN
cblr-5121	759	33	system	system	NOUN
cblr-5121	759	34	.	.	PUNCT
cblr-5121	760	1	first	first	ADV
cblr-5121	760	2	,	,	PUNCT
cblr-5121	760	3	the	the	DET
cblr-5121	760	4	identification	identification	NOUN
cblr-5121	760	5	of	of	ADP
cblr-5121	760	6	consulted	consult	VERB
cblr-5121	760	7	“	"	PUNCT
cblr-5121	760	8	stakeholders	stakeholder	NOUN
cblr-5121	760	9	”	"	PUNCT
cblr-5121	760	10	in	in	ADP
cblr-5121	760	11	the	the	DET
cblr-5121	760	12	presidential	presidential	ADJ
cblr-5121	760	13	search	search	NOUN
cblr-5121	760	14	process	process	NOUN
cblr-5121	760	15	would	would	AUX
cblr-5121	760	16	better	well	ADV
cblr-5121	760	17	illuminate	illuminate	VERB
cblr-5121	760	18	the	the	DET
cblr-5121	760	19	relative	relative	ADJ
cblr-5121	760	20	influence	influence	NOUN
cblr-5121	760	21	of	of	ADP
cblr-5121	760	22	reserve	reserve	PROPN
cblr-5121	760	23	bank	bank	PROPN
cblr-5121	760	24	boards	board	NOUN
cblr-5121	760	25	of	of	ADP
cblr-5121	760	26	directors	director	NOUN
cblr-5121	760	27	and	and	CCONJ
cblr-5121	760	28	the	the	DET
cblr-5121	760	29	board	board	NOUN
cblr-5121	760	30	of	of	ADP
cblr-5121	760	31	governors	governor	NOUN
cblr-5121	760	32	,	,	PUNCT
cblr-5121	760	33	and	and	CCONJ
cblr-5121	760	34	clarify	clarify	VERB
cblr-5121	760	35	the	the	DET
cblr-5121	760	36	role	role	NOUN
cblr-5121	760	37	of	of	ADP
cblr-5121	760	38	the	the	DET
cblr-5121	760	39	board	board	NOUN
cblr-5121	760	40	of	of	ADP
cblr-5121	760	41	191	191	NUM
cblr-5121	760	42	see	see	NOUN
cblr-5121	760	43	smialek	smialek	PROPN
cblr-5121	760	44	&	&	CCONJ
cblr-5121	760	45	boesler	boesler	PROPN
cblr-5121	760	46	,	,	PUNCT
cblr-5121	760	47	supra	supra	PROPN
cblr-5121	760	48	note	note	PROPN
cblr-5121	760	49	8	8	NUM
cblr-5121	760	50	.	.	SYM
cblr-5121	760	51	192	192	NUM
cblr-5121	760	52	see	see	VERB
cblr-5121	760	53	timiraos	timiraos	NOUN
cblr-5121	760	54	,	,	PUNCT
cblr-5121	760	55	supra	supra	PROPN
cblr-5121	760	56	note	note	NOUN
cblr-5121	760	57	5	5	NUM
cblr-5121	760	58	(	(	PUNCT
cblr-5121	760	59	“	"	PUNCT
cblr-5121	760	60	those	those	DET
cblr-5121	760	61	frustrations	frustration	NOUN
cblr-5121	760	62	amplified	amplify	VERB
cblr-5121	760	63	objections	objection	NOUN
cblr-5121	760	64	over	over	ADP
cblr-5121	760	65	a	a	DET
cblr-5121	760	66	search	search	NOUN
cblr-5121	760	67	process	process	NOUN
cblr-5121	760	68	that	that	PRON
cblr-5121	760	69	happens	happen	VERB
cblr-5121	760	70	out	out	ADP
cblr-5121	760	71	of	of	ADP
cblr-5121	760	72	public	public	ADJ
cblr-5121	760	73	view	view	NOUN
cblr-5121	760	74	.	.	PUNCT
cblr-5121	760	75	.	.	PUNCT
cblr-5121	760	76	.	.	PUNCT
cblr-5121	761	1	‘	'	PUNCT
cblr-5121	761	2	[	[	X
cblr-5121	761	3	s]uch	s]uch	X
cblr-5121	761	4	an	an	DET
cblr-5121	761	5	opaque	opaque	ADJ
cblr-5121	761	6	process	process	NOUN
cblr-5121	761	7	harms	harm	VERB
cblr-5121	761	8	the	the	DET
cblr-5121	761	9	fed	fed	PROPN
cblr-5121	761	10	’s	’s	PART
cblr-5121	761	11	legitimacy	legitimacy	NOUN
cblr-5121	761	12	and	and	CCONJ
cblr-5121	761	13	undermines	undermine	VERB
cblr-5121	761	14	its	its	PRON
cblr-5121	761	15	credibility	credibility	NOUN
cblr-5121	761	16	and	and	CCONJ
cblr-5121	761	17	effectiveness	effectiveness	NOUN
cblr-5121	761	18	in	in	ADP
cblr-5121	761	19	serving	serve	VERB
cblr-5121	761	20	the	the	DET
cblr-5121	761	21	public	public	NOUN
cblr-5121	761	22	.	.	PUNCT
cblr-5121	761	23	.	.	PUNCT
cblr-5121	761	24	.	.	PUNCT
cblr-5121	761	25	.	.	PUNCT
cblr-5121	761	26	’	'	PUNCT
cblr-5121	761	27	”	"	PUNCT
cblr-5121	761	28	)	)	PUNCT
cblr-5121	761	29	.	.	PUNCT
cblr-5121	762	1	193	193	NUM
cblr-5121	762	2	see	see	VERB
cblr-5121	762	3	smialek	smialek	NOUN
cblr-5121	762	4	&	&	CCONJ
cblr-5121	762	5	boesler	boesler	PROPN
cblr-5121	762	6	,	,	PUNCT
cblr-5121	762	7	supra	supra	PROPN
cblr-5121	762	8	note	note	PROPN
cblr-5121	762	9	8	8	NUM
cblr-5121	762	10	.	.	SYM
cblr-5121	762	11	194	194	NUM
cblr-5121	762	12	see	see	VERB
cblr-5121	762	13	conti	conti	ADJ
cblr-5121	762	14	-	-	ADJ
cblr-5121	762	15	brown	brown	ADJ
cblr-5121	762	16	,	,	PUNCT
cblr-5121	762	17	supra	supra	PROPN
cblr-5121	762	18	note	note	NOUN
cblr-5121	762	19	13	13	NUM
cblr-5121	762	20	,	,	PUNCT
cblr-5121	762	21	at	at	ADP
cblr-5121	762	22	258	258	NUM
cblr-5121	762	23	;	;	PUNCT
cblr-5121	762	24	binyamin	binyamin	NOUN
cblr-5121	762	25	applebaum	applebaum	PROPN
cblr-5121	762	26	,	,	PUNCT
cblr-5121	762	27	two	two	NUM
cblr-5121	762	28	federal	federal	ADJ
cblr-5121	762	29	reserve	reserve	NOUN
cblr-5121	762	30	openings	opening	NOUN
cblr-5121	762	31	provide	provide	VERB
cblr-5121	762	32	one	one	NUM
cblr-5121	762	33	chance	chance	NOUN
cblr-5121	762	34	to	to	PART
cblr-5121	762	35	counter	counter	VERB
cblr-5121	762	36	trump	trump	PROPN
cblr-5121	762	37	,	,	PUNCT
cblr-5121	762	38	n.y	n.y	PROPN
cblr-5121	762	39	.	.	PROPN
cblr-5121	762	40	times	times	PROPN
cblr-5121	762	41	(	(	PUNCT
cblr-5121	762	42	jan	jan	PROPN
cblr-5121	762	43	.	.	PROPN
cblr-5121	762	44	18	18	NUM
cblr-5121	762	45	,	,	PUNCT
cblr-5121	762	46	2018	2018	NUM
cblr-5121	762	47	)	)	PUNCT
cblr-5121	762	48	,	,	PUNCT
cblr-5121	762	49	https://www.nytimes.com/2018/01/18/us/politics/federal-reservetrump.html	https://www.nytimes.com/2018/01/18/us/politics/federal-reservetrump.html	VERB
cblr-5121	763	1	[	[	X
cblr-5121	763	2	https://perma.cc/8rs4-xura	https://perma.cc/8rs4-xura	X
cblr-5121	763	3	]	]	X
cblr-5121	763	4	.	.	PUNCT
cblr-5121	764	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	764	2	(	(	PUNCT
cblr-5121	764	3	do	do	AUX
cblr-5121	764	4	not	not	PART
cblr-5121	764	5	delete	delete	VERB
cblr-5121	764	6	)	)	PUNCT
cblr-5121	764	7	1/3/2020	1/3/2020	NUM
cblr-5121	764	8	4:04	4:04	NUM
cblr-5121	764	9	pm	pm	NOUN
cblr-5121	764	10	no	no	NOUN
cblr-5121	764	11	.	.	PUNCT
cblr-5121	765	1	3:1123	3:1123	NUM
cblr-5121	765	2	]	]	PUNCT
cblr-5121	765	3	insider	insider	NOUN
cblr-5121	765	4	interest	interest	NOUN
cblr-5121	765	5	,	,	PUNCT
cblr-5121	765	6	not	not	PART
cblr-5121	765	7	industry	industry	NOUN
cblr-5121	765	8	influence	influence	NOUN
cblr-5121	765	9	1169	1169	NUM
cblr-5121	765	10	governors	governor	NOUN
cblr-5121	765	11	in	in	ADP
cblr-5121	765	12	selecting	select	VERB
cblr-5121	765	13	reserve	reserve	PROPN
cblr-5121	765	14	bank	bank	PROPN
cblr-5121	765	15	presidents.195	presidents.195	PROPN
cblr-5121	765	16	as	as	SCONJ
cblr-5121	765	17	argued	argue	VERB
cblr-5121	765	18	above	above	ADV
cblr-5121	765	19	,	,	PUNCT
cblr-5121	765	20	the	the	DET
cblr-5121	765	21	opacity	opacity	NOUN
cblr-5121	765	22	of	of	ADP
cblr-5121	765	23	reserve	reserve	PROPN
cblr-5121	765	24	bank	bank	PROPN
cblr-5121	765	25	governance	governance	NOUN
cblr-5121	765	26	does	do	AUX
cblr-5121	765	27	not	not	PART
cblr-5121	765	28	necessarily	necessarily	ADV
cblr-5121	765	29	privilege	privilege	VERB
cblr-5121	765	30	financial	financial	ADJ
cblr-5121	765	31	interests	interest	NOUN
cblr-5121	765	32	,	,	PUNCT
cblr-5121	765	33	but	but	CCONJ
cblr-5121	765	34	it	it	PRON
cblr-5121	765	35	can	can	AUX
cblr-5121	765	36	instead	instead	ADV
cblr-5121	765	37	mask	mask	VERB
cblr-5121	765	38	involvement	involvement	NOUN
cblr-5121	765	39	by	by	ADP
cblr-5121	765	40	the	the	DET
cblr-5121	765	41	board	board	NOUN
cblr-5121	765	42	of	of	ADP
cblr-5121	765	43	governors	governor	NOUN
cblr-5121	765	44	.	.	PUNCT
cblr-5121	766	1	formal	formal	ADJ
cblr-5121	766	2	identification	identification	NOUN
cblr-5121	766	3	of	of	ADP
cblr-5121	766	4	consulted	consult	VERB
cblr-5121	766	5	parties	party	NOUN
cblr-5121	766	6	in	in	ADP
cblr-5121	766	7	the	the	DET
cblr-5121	766	8	search	search	NOUN
cblr-5121	766	9	process	process	NOUN
cblr-5121	766	10	,	,	PUNCT
cblr-5121	766	11	as	as	ADV
cblr-5121	766	12	well	well	ADV
cblr-5121	766	13	as	as	ADP
cblr-5121	766	14	information	information	NOUN
cblr-5121	766	15	on	on	ADP
cblr-5121	766	16	the	the	DET
cblr-5121	766	17	frequency	frequency	NOUN
cblr-5121	766	18	and	and	CCONJ
cblr-5121	766	19	timing	timing	NOUN
cblr-5121	766	20	of	of	ADP
cblr-5121	766	21	consultation	consultation	NOUN
cblr-5121	766	22	(	(	PUNCT
cblr-5121	766	23	particularly	particularly	ADV
cblr-5121	766	24	with	with	ADP
cblr-5121	766	25	the	the	DET
cblr-5121	766	26	board	board	NOUN
cblr-5121	766	27	of	of	ADP
cblr-5121	766	28	governors	governor	NOUN
cblr-5121	766	29	)	)	PUNCT
cblr-5121	766	30	,	,	PUNCT
cblr-5121	766	31	would	would	AUX
cblr-5121	766	32	promote	promote	VERB
cblr-5121	766	33	greater	great	ADJ
cblr-5121	766	34	transparency	transparency	NOUN
cblr-5121	766	35	in	in	ADP
cblr-5121	766	36	appointments	appointment	NOUN
cblr-5121	766	37	.	.	PUNCT
cblr-5121	767	1	second	second	ADJ
cblr-5121	767	2	,	,	PUNCT
cblr-5121	767	3	allowing	allow	VERB
cblr-5121	767	4	a	a	DET
cblr-5121	767	5	formal	formal	ADJ
cblr-5121	767	6	window	window	NOUN
cblr-5121	767	7	for	for	ADP
cblr-5121	767	8	public	public	ADJ
cblr-5121	767	9	input	input	NOUN
cblr-5121	767	10	,	,	PUNCT
cblr-5121	767	11	and	and	CCONJ
cblr-5121	767	12	actively	actively	ADV
cblr-5121	767	13	soliciting	solicit	VERB
cblr-5121	767	14	public	public	ADJ
cblr-5121	767	15	involvement	involvement	NOUN
cblr-5121	767	16	within	within	ADP
cblr-5121	767	17	that	that	DET
cblr-5121	767	18	time	time	NOUN
cblr-5121	767	19	period	period	NOUN
cblr-5121	767	20	,	,	PUNCT
cblr-5121	767	21	would	would	AUX
cblr-5121	767	22	allow	allow	VERB
cblr-5121	767	23	for	for	ADP
cblr-5121	767	24	greater	great	ADJ
cblr-5121	767	25	and	and	CCONJ
cblr-5121	767	26	more	more	ADV
cblr-5121	767	27	focused	focused	ADJ
cblr-5121	767	28	participation	participation	NOUN
cblr-5121	767	29	in	in	ADP
cblr-5121	767	30	the	the	DET
cblr-5121	767	31	search	search	NOUN
cblr-5121	767	32	process	process	NOUN
cblr-5121	767	33	.	.	PUNCT
cblr-5121	768	1	the	the	DET
cblr-5121	768	2	new	new	PROPN
cblr-5121	768	3	york	york	PROPN
cblr-5121	768	4	fed	fed	PROPN
cblr-5121	768	5	,	,	PUNCT
cblr-5121	768	6	for	for	ADP
cblr-5121	768	7	example	example	NOUN
cblr-5121	768	8	,	,	PUNCT
cblr-5121	768	9	solicited	solicit	VERB
cblr-5121	768	10	only	only	ADV
cblr-5121	768	11	generalized	generalized	ADJ
cblr-5121	768	12	feedback	feedback	NOUN
cblr-5121	768	13	about	about	ADP
cblr-5121	768	14	the	the	DET
cblr-5121	768	15	search	search	NOUN
cblr-5121	768	16	process	process	NOUN
cblr-5121	768	17	online	online	ADV
cblr-5121	768	18	by	by	ADP
cblr-5121	768	19	requesting	request	VERB
cblr-5121	768	20	public	public	ADJ
cblr-5121	768	21	nominations	nomination	NOUN
cblr-5121	768	22	for	for	ADP
cblr-5121	768	23	potential	potential	ADJ
cblr-5121	768	24	candidates	candidate	NOUN
cblr-5121	768	25	and	and	CCONJ
cblr-5121	768	26	allowing	allow	VERB
cblr-5121	768	27	for	for	ADP
cblr-5121	768	28	the	the	DET
cblr-5121	768	29	opportunity	opportunity	NOUN
cblr-5121	768	30	for	for	ADP
cblr-5121	768	31	general	general	ADJ
cblr-5121	768	32	feedback	feedback	NOUN
cblr-5121	768	33	via	via	ADP
cblr-5121	768	34	email.196	email.196	PROPN
cblr-5121	768	35	although	although	SCONJ
cblr-5121	768	36	the	the	DET
cblr-5121	768	37	lack	lack	NOUN
cblr-5121	768	38	of	of	ADP
cblr-5121	768	39	general	general	ADJ
cblr-5121	768	40	transparency	transparency	NOUN
cblr-5121	768	41	surrounding	surround	VERB
cblr-5121	768	42	the	the	DET
cblr-5121	768	43	most	most	ADV
cblr-5121	768	44	recent	recent	ADJ
cblr-5121	768	45	new	new	PROPN
cblr-5121	768	46	york	york	PROPN
cblr-5121	768	47	fed	fed	PROPN
cblr-5121	768	48	president	president	PROPN
cblr-5121	768	49	selection	selection	NOUN
cblr-5121	768	50	makes	make	VERB
cblr-5121	768	51	any	any	DET
cblr-5121	768	52	effort	effort	NOUN
cblr-5121	768	53	to	to	PART
cblr-5121	768	54	discern	discern	VERB
cblr-5121	768	55	the	the	DET
cblr-5121	768	56	impact	impact	NOUN
cblr-5121	768	57	of	of	ADP
cblr-5121	768	58	public	public	ADJ
cblr-5121	768	59	participation	participation	NOUN
cblr-5121	768	60	difficult	difficult	ADJ
cblr-5121	768	61	,	,	PUNCT
cblr-5121	768	62	it	it	PRON
cblr-5121	768	63	is	be	AUX
cblr-5121	768	64	unlikely	unlikely	ADJ
cblr-5121	768	65	that	that	SCONJ
cblr-5121	768	66	these	these	DET
cblr-5121	768	67	minimal	minimal	ADJ
cblr-5121	768	68	measures	measure	NOUN
cblr-5121	768	69	provided	provide	VERB
cblr-5121	768	70	sufficient	sufficient	ADJ
cblr-5121	768	71	avenues	avenue	NOUN
cblr-5121	768	72	for	for	ADP
cblr-5121	768	73	public	public	ADJ
cblr-5121	768	74	engagement	engagement	NOUN
cblr-5121	768	75	in	in	ADP
cblr-5121	768	76	the	the	DET
cblr-5121	768	77	search	search	NOUN
cblr-5121	768	78	process	process	NOUN
cblr-5121	768	79	.	.	PUNCT
cblr-5121	769	1	while	while	SCONJ
cblr-5121	769	2	some	some	DET
cblr-5121	769	3	limitations	limitation	NOUN
cblr-5121	769	4	on	on	ADP
cblr-5121	769	5	public	public	ADJ
cblr-5121	769	6	feedback	feedback	NOUN
cblr-5121	769	7	are	be	AUX
cblr-5121	769	8	likely	likely	ADV
cblr-5121	769	9	necessary	necessary	ADJ
cblr-5121	769	10	to	to	PART
cblr-5121	769	11	preserve	preserve	VERB
cblr-5121	769	12	an	an	DET
cblr-5121	769	13	efficient	efficient	ADJ
cblr-5121	769	14	process	process	NOUN
cblr-5121	769	15	,	,	PUNCT
cblr-5121	769	16	a	a	DET
cblr-5121	769	17	greater	great	ADJ
cblr-5121	769	18	commitment	commitment	NOUN
cblr-5121	769	19	to	to	ADP
cblr-5121	769	20	meaningful	meaningful	ADJ
cblr-5121	769	21	public	public	ADJ
cblr-5121	769	22	comment	comment	NOUN
cblr-5121	769	23	would	would	AUX
cblr-5121	769	24	serve	serve	VERB
cblr-5121	769	25	to	to	ADP
cblr-5121	769	26	both	both	PRON
cblr-5121	769	27	heighten	heighten	VERB
cblr-5121	769	28	transparency	transparency	NOUN
cblr-5121	769	29	in	in	ADP
cblr-5121	769	30	the	the	DET
cblr-5121	769	31	appointments	appointment	NOUN
cblr-5121	769	32	procedure	procedure	NOUN
cblr-5121	769	33	and	and	CCONJ
cblr-5121	769	34	ensure	ensure	VERB
cblr-5121	769	35	that	that	SCONJ
cblr-5121	769	36	public	public	ADJ
cblr-5121	769	37	participation	participation	NOUN
cblr-5121	769	38	can	can	AUX
cblr-5121	769	39	be	be	AUX
cblr-5121	769	40	focused	focus	VERB
cblr-5121	769	41	towards	towards	ADP
cblr-5121	769	42	specific	specific	ADJ
cblr-5121	769	43	nominees	nominee	NOUN
cblr-5121	769	44	being	be	AUX
cblr-5121	769	45	seriously	seriously	ADV
cblr-5121	769	46	considered	consider	VERB
cblr-5121	769	47	for	for	ADP
cblr-5121	769	48	the	the	DET
cblr-5121	769	49	role	role	NOUN
cblr-5121	769	50	.	.	PUNCT
cblr-5121	770	1	finally	finally	ADV
cblr-5121	770	2	,	,	PUNCT
cblr-5121	770	3	identification	identification	NOUN
cblr-5121	770	4	of	of	ADP
cblr-5121	770	5	candidates	candidate	NOUN
cblr-5121	770	6	prior	prior	ADV
cblr-5121	770	7	to	to	ADP
cblr-5121	770	8	a	a	DET
cblr-5121	770	9	final	final	ADJ
cblr-5121	770	10	selection	selection	NOUN
cblr-5121	770	11	would	would	AUX
cblr-5121	770	12	further	far	ADV
cblr-5121	770	13	serve	serve	VERB
cblr-5121	770	14	to	to	PART
cblr-5121	770	15	elicit	elicit	VERB
cblr-5121	770	16	more	more	ADV
cblr-5121	770	17	fruitful	fruitful	ADJ
cblr-5121	770	18	public	public	ADJ
cblr-5121	770	19	comment	comment	NOUN
cblr-5121	770	20	during	during	ADP
cblr-5121	770	21	the	the	DET
cblr-5121	770	22	process	process	NOUN
cblr-5121	770	23	,	,	PUNCT
cblr-5121	770	24	rather	rather	ADV
cblr-5121	770	25	than	than	ADP
cblr-5121	770	26	limiting	limit	VERB
cblr-5121	770	27	involvement	involvement	NOUN
cblr-5121	770	28	to	to	ADP
cblr-5121	770	29	post	post	VERB
cblr-5121	770	30	-	-	ADJ
cblr-5121	770	31	hoc	hoc	ADJ
cblr-5121	770	32	criticism	criticism	NOUN
cblr-5121	770	33	.	.	PUNCT
cblr-5121	771	1	to	to	ADP
cblr-5121	771	2	the	the	DET
cblr-5121	771	3	extent	extent	NOUN
cblr-5121	771	4	that	that	PRON
cblr-5121	771	5	identified	identify	VERB
cblr-5121	771	6	candidates	candidate	NOUN
cblr-5121	771	7	remain	remain	VERB
cblr-5121	771	8	veterans	veteran	NOUN
cblr-5121	771	9	of	of	ADP
cblr-5121	771	10	the	the	DET
cblr-5121	771	11	federal	federal	PROPN
cblr-5121	771	12	reserve	reserve	PROPN
cblr-5121	771	13	system	system	NOUN
cblr-5121	771	14	,	,	PUNCT
cblr-5121	771	15	195	195	NUM
cblr-5121	771	16	see	see	VERB
cblr-5121	771	17	presidential	presidential	ADJ
cblr-5121	771	18	search	search	NOUN
cblr-5121	771	19	frequently	frequently	ADV
cblr-5121	771	20	asked	ask	VERB
cblr-5121	771	21	questions	question	NOUN
cblr-5121	771	22	,	,	PUNCT
cblr-5121	771	23	fed	fed	PROPN
cblr-5121	771	24	.	.	PUNCT
cblr-5121	772	1	res	res	PROPN
cblr-5121	772	2	.	.	PUNCT
cblr-5121	773	1	bank	bank	PROPN
cblr-5121	773	2	n.y	n.y	PROPN
cblr-5121	773	3	.	.	PROPN
cblr-5121	774	1	https://www.newyorkfed.org/medialibrary/media/aboutthefed/presidentialsearch/faqs.pdf	https://www.newyorkfed.org/medialibrary/media/aboutthefed/presidentialsearch/faqs.pdf	PROPN
cblr-5121	775	1	[	[	X
cblr-5121	775	2	https://perma.cc/xl67-emp8	https://perma.cc/xl67-emp8	X
cblr-5121	775	3	]	]	X
cblr-5121	775	4	(	(	PUNCT
cblr-5121	775	5	identifying	identify	VERB
cblr-5121	775	6	consulted	consult	VERB
cblr-5121	775	7	stakeholders	stakeholder	NOUN
cblr-5121	775	8	as	as	ADP
cblr-5121	775	9	“	"	PUNCT
cblr-5121	775	10	representatives	representative	NOUN
cblr-5121	775	11	from	from	ADP
cblr-5121	775	12	academia	academia	NOUN
cblr-5121	775	13	,	,	PUNCT
cblr-5121	775	14	community	community	NOUN
cblr-5121	775	15	and	and	CCONJ
cblr-5121	775	16	economic	economic	ADJ
cblr-5121	775	17	development	development	NOUN
cblr-5121	775	18	organizations	organization	NOUN
cblr-5121	775	19	,	,	PUNCT
cblr-5121	775	20	not	not	PART
cblr-5121	775	21	-	-	PUNCT
cblr-5121	775	22	for	for	ADP
cblr-5121	775	23	-	-	PUNCT
cblr-5121	775	24	profits	profit	NOUN
cblr-5121	775	25	,	,	PUNCT
cblr-5121	775	26	industry	industry	NOUN
cblr-5121	775	27	,	,	PUNCT
cblr-5121	775	28	small	small	ADJ
cblr-5121	775	29	businesses	business	NOUN
cblr-5121	775	30	,	,	PUNCT
cblr-5121	775	31	minority	minority	NOUN
cblr-5121	775	32	and	and	CCONJ
cblr-5121	775	33	women	woman	NOUN
cblr-5121	775	34	-	-	PUNCT
cblr-5121	775	35	owned	own	VERB
cblr-5121	775	36	businesses	business	NOUN
cblr-5121	775	37	,	,	PUNCT
cblr-5121	775	38	manufacturing	manufacturing	NOUN
cblr-5121	775	39	and	and	CCONJ
cblr-5121	775	40	labor	labor	NOUN
cblr-5121	775	41	”	"	PUNCT
cblr-5121	775	42	)	)	PUNCT
cblr-5121	775	43	.	.	PUNCT
cblr-5121	776	1	196	196	NUM
cblr-5121	776	2	presidential	presidential	ADJ
cblr-5121	776	3	search	search	NOUN
cblr-5121	776	4	frequently	frequently	ADV
cblr-5121	776	5	asked	ask	VERB
cblr-5121	776	6	questions	question	NOUN
cblr-5121	776	7	,	,	PUNCT
cblr-5121	776	8	supra	supra	PROPN
cblr-5121	776	9	note	note	NOUN
cblr-5121	776	10	198	198	NUM
cblr-5121	776	11	.	.	PUNCT
cblr-5121	777	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	777	2	(	(	PUNCT
cblr-5121	777	3	do	do	AUX
cblr-5121	777	4	not	not	PART
cblr-5121	777	5	delte	delte	VERB
cblr-5121	777	6	)	)	PUNCT
cblr-5121	777	7	1/3/2020	1/3/2020	NUM
cblr-5121	777	8	4:04	4:04	NUM
cblr-5121	777	9	pm	pm	NOUN
cblr-5121	777	10	1170	1170	NUM
cblr-5121	777	11	columbia	columbia	PROPN
cblr-5121	777	12	business	business	NOUN
cblr-5121	777	13	law	law	PROPN
cblr-5121	777	14	review	review	NOUN
cblr-5121	777	15	[	[	X
cblr-5121	777	16	vol	vol	NOUN
cblr-5121	777	17	.	.	NOUN
cblr-5121	778	1	2019	2019	NUM
cblr-5121	778	2	public	public	ADJ
cblr-5121	778	3	identification	identification	NOUN
cblr-5121	778	4	would	would	AUX
cblr-5121	778	5	provide	provide	VERB
cblr-5121	778	6	an	an	DET
cblr-5121	778	7	adequate	adequate	ADJ
cblr-5121	778	8	opportunity	opportunity	NOUN
cblr-5121	778	9	for	for	ADP
cblr-5121	778	10	criticism	criticism	NOUN
cblr-5121	778	11	at	at	ADP
cblr-5121	778	12	a	a	DET
cblr-5121	778	13	time	time	NOUN
cblr-5121	778	14	when	when	SCONJ
cblr-5121	778	15	it	it	PRON
cblr-5121	778	16	could	could	AUX
cblr-5121	778	17	prove	prove	VERB
cblr-5121	778	18	most	most	ADV
cblr-5121	778	19	effective	effective	ADJ
cblr-5121	778	20	.	.	PUNCT
cblr-5121	779	1	moreover	moreover	ADV
cblr-5121	779	2	,	,	PUNCT
cblr-5121	779	3	such	such	ADJ
cblr-5121	779	4	identification	identification	NOUN
cblr-5121	779	5	would	would	AUX
cblr-5121	779	6	also	also	ADV
cblr-5121	779	7	serve	serve	VERB
cblr-5121	779	8	to	to	PART
cblr-5121	779	9	increase	increase	VERB
cblr-5121	779	10	communications	communication	NOUN
cblr-5121	779	11	from	from	ADP
cblr-5121	779	12	reserve	reserve	NOUN
cblr-5121	779	13	banks	bank	NOUN
cblr-5121	779	14	throughout	throughout	ADP
cblr-5121	779	15	the	the	DET
cblr-5121	779	16	selection	selection	NOUN
cblr-5121	779	17	process	process	NOUN
cblr-5121	779	18	,	,	PUNCT
cblr-5121	779	19	offering	offer	VERB
cblr-5121	779	20	more	more	ADV
cblr-5121	779	21	meaningful	meaningful	ADJ
cblr-5121	779	22	transparency	transparency	NOUN
cblr-5121	779	23	prior	prior	ADV
cblr-5121	779	24	to	to	ADP
cblr-5121	779	25	an	an	DET
cblr-5121	779	26	appointment	appointment	NOUN
cblr-5121	779	27	.	.	PUNCT
cblr-5121	780	1	a	a	DET
cblr-5121	780	2	greater	great	ADJ
cblr-5121	780	3	commitment	commitment	NOUN
cblr-5121	780	4	to	to	ADP
cblr-5121	780	5	procedural	procedural	ADJ
cblr-5121	780	6	transparency	transparency	NOUN
cblr-5121	780	7	could	could	AUX
cblr-5121	780	8	satisfy	satisfy	VERB
cblr-5121	780	9	public	public	ADJ
cblr-5121	780	10	opinion	opinion	NOUN
cblr-5121	780	11	about	about	ADP
cblr-5121	780	12	the	the	DET
cblr-5121	780	13	ultimate	ultimate	ADJ
cblr-5121	780	14	selection	selection	NOUN
cblr-5121	780	15	,	,	PUNCT
cblr-5121	780	16	no	no	ADV
cblr-5121	780	17	matter	matter	ADV
cblr-5121	780	18	the	the	DET
cblr-5121	780	19	result	result	NOUN
cblr-5121	780	20	.	.	PUNCT
cblr-5121	781	1	of	of	ADP
cblr-5121	781	2	course	course	NOUN
cblr-5121	781	3	,	,	PUNCT
cblr-5121	781	4	the	the	DET
cblr-5121	781	5	aforementioned	aforementioned	ADJ
cblr-5121	781	6	solutions	solution	NOUN
cblr-5121	781	7	do	do	AUX
cblr-5121	781	8	not	not	PART
cblr-5121	781	9	guarantee	guarantee	VERB
cblr-5121	781	10	that	that	SCONJ
cblr-5121	781	11	future	future	ADJ
cblr-5121	781	12	selections	selection	NOUN
cblr-5121	781	13	will	will	AUX
cblr-5121	781	14	buck	buck	VERB
cblr-5121	781	15	the	the	DET
cblr-5121	781	16	trend	trend	NOUN
cblr-5121	781	17	of	of	ADP
cblr-5121	781	18	appointing	appoint	VERB
cblr-5121	781	19	federal	federal	ADJ
cblr-5121	781	20	reserve	reserve	NOUN
cblr-5121	781	21	system	system	NOUN
cblr-5121	781	22	veterans	veteran	NOUN
cblr-5121	781	23	.	.	PUNCT
cblr-5121	782	1	as	as	SCONJ
cblr-5121	782	2	previously	previously	ADV
cblr-5121	782	3	argued	argue	VERB
cblr-5121	782	4	,	,	PUNCT
cblr-5121	782	5	however	however	ADV
cblr-5121	782	6	,	,	PUNCT
cblr-5121	782	7	the	the	DET
cblr-5121	782	8	appointment	appointment	NOUN
cblr-5121	782	9	of	of	ADP
cblr-5121	782	10	insiders	insider	NOUN
cblr-5121	782	11	is	be	AUX
cblr-5121	782	12	less	less	ADV
cblr-5121	782	13	worrisome	worrisome	ADJ
cblr-5121	782	14	than	than	SCONJ
cblr-5121	782	15	fears	fear	NOUN
cblr-5121	782	16	of	of	ADP
cblr-5121	782	17	financial	financial	ADJ
cblr-5121	782	18	industry	industry	NOUN
cblr-5121	782	19	influence	influence	NOUN
cblr-5121	782	20	in	in	ADP
cblr-5121	782	21	reserve	reserve	PROPN
cblr-5121	782	22	bank	bank	PROPN
cblr-5121	782	23	governance.197	governance.197	PROPN
cblr-5121	782	24	transparency	transparency	NOUN
cblr-5121	782	25	reforms	reform	NOUN
cblr-5121	782	26	thus	thus	ADV
cblr-5121	782	27	may	may	AUX
cblr-5121	782	28	not	not	PART
cblr-5121	782	29	serve	serve	VERB
cblr-5121	782	30	to	to	PART
cblr-5121	782	31	change	change	VERB
cblr-5121	782	32	the	the	DET
cblr-5121	782	33	ultimate	ultimate	ADJ
cblr-5121	782	34	results	result	NOUN
cblr-5121	782	35	of	of	ADP
cblr-5121	782	36	the	the	DET
cblr-5121	782	37	process	process	NOUN
cblr-5121	782	38	,	,	PUNCT
cblr-5121	782	39	but	but	CCONJ
cblr-5121	782	40	could	could	AUX
cblr-5121	782	41	demonstrate	demonstrate	VERB
cblr-5121	782	42	to	to	ADP
cblr-5121	782	43	the	the	DET
cblr-5121	782	44	public	public	NOUN
cblr-5121	782	45	that	that	PRON
cblr-5121	782	46	,	,	PUNCT
cblr-5121	782	47	in	in	ADP
cblr-5121	782	48	the	the	DET
cblr-5121	782	49	words	word	NOUN
cblr-5121	782	50	of	of	ADP
cblr-5121	782	51	a	a	DET
cblr-5121	782	52	former	former	ADJ
cblr-5121	782	53	federal	federal	PROPN
cblr-5121	782	54	reserve	reserve	PROPN
cblr-5121	782	55	bank	bank	PROPN
cblr-5121	782	56	president	president	PROPN
cblr-5121	782	57	,	,	PUNCT
cblr-5121	782	58	future	future	ADJ
cblr-5121	782	59	search	search	NOUN
cblr-5121	782	60	committees	committee	NOUN
cblr-5121	782	61	and	and	CCONJ
cblr-5121	782	62	boards	board	NOUN
cblr-5121	782	63	of	of	ADP
cblr-5121	782	64	directors	director	NOUN
cblr-5121	782	65	“	"	PUNCT
cblr-5121	782	66	looked	look	VERB
cblr-5121	782	67	sufficiently	sufficiently	ADV
cblr-5121	782	68	outside	outside	ADP
cblr-5121	782	69	the	the	DET
cblr-5121	782	70	realm	realm	NOUN
cblr-5121	782	71	of	of	ADP
cblr-5121	782	72	people	people	NOUN
cblr-5121	782	73	they	they	PRON
cblr-5121	782	74	know	know	VERB
cblr-5121	782	75	”	"	PUNCT
cblr-5121	782	76	and	and	CCONJ
cblr-5121	782	77	fully	fully	ADV
cblr-5121	782	78	accounted	account	VERB
cblr-5121	782	79	for	for	ADP
cblr-5121	782	80	public	public	ADJ
cblr-5121	782	81	input	input	NOUN
cblr-5121	782	82	,	,	PUNCT
cblr-5121	782	83	even	even	ADV
cblr-5121	782	84	if	if	SCONJ
cblr-5121	782	85	the	the	DET
cblr-5121	782	86	process	process	NOUN
cblr-5121	782	87	ultimately	ultimately	ADV
cblr-5121	782	88	“	"	PUNCT
cblr-5121	782	89	le[d	le[d	PROPN
cblr-5121	782	90	]	]	PUNCT
cblr-5121	782	91	them	they	PRON
cblr-5121	782	92	back	back	ADV
cblr-5121	782	93	to	to	ADP
cblr-5121	782	94	a	a	DET
cblr-5121	782	95	fed	fed	PROPN
cblr-5121	782	96	insider	insider	NOUN
cblr-5121	782	97	.	.	PUNCT
cblr-5121	782	98	”198	”198	PROPN
cblr-5121	782	99	additionally	additionally	ADV
cblr-5121	782	100	,	,	PUNCT
cblr-5121	782	101	a	a	DET
cblr-5121	782	102	greater	great	ADJ
cblr-5121	782	103	commitment	commitment	NOUN
cblr-5121	782	104	to	to	ADP
cblr-5121	782	105	public	public	ADJ
cblr-5121	782	106	participation	participation	NOUN
cblr-5121	782	107	in	in	ADP
cblr-5121	782	108	the	the	DET
cblr-5121	782	109	appointments	appointment	NOUN
cblr-5121	782	110	process	process	NOUN
cblr-5121	782	111	could	could	AUX
cblr-5121	782	112	buttress	buttress	VERB
cblr-5121	782	113	the	the	DET
cblr-5121	782	114	federal	federal	PROPN
cblr-5121	782	115	reserve	reserve	PROPN
cblr-5121	782	116	’s	’s	PART
cblr-5121	782	117	legitimacy	legitimacy	NOUN
cblr-5121	782	118	in	in	ADP
cblr-5121	782	119	the	the	DET
cblr-5121	782	120	subsequent	subsequent	ADJ
cblr-5121	782	121	exercise	exercise	NOUN
cblr-5121	782	122	of	of	ADP
cblr-5121	782	123	its	its	PRON
cblr-5121	782	124	supervisory	supervisory	ADJ
cblr-5121	782	125	and	and	CCONJ
cblr-5121	782	126	monetary	monetary	ADJ
cblr-5121	782	127	policy	policy	NOUN
cblr-5121	782	128	functions	function	NOUN
cblr-5121	782	129	—	—	PUNCT
cblr-5121	782	130	responsibilities	responsibility	NOUN
cblr-5121	782	131	which	which	PRON
cblr-5121	782	132	,	,	PUNCT
cblr-5121	782	133	as	as	SCONJ
cblr-5121	782	134	argued	argue	VERB
cblr-5121	782	135	above	above	ADV
cblr-5121	782	136	,	,	PUNCT
cblr-5121	782	137	require	require	VERB
cblr-5121	782	138	some	some	DET
cblr-5121	782	139	opacity	opacity	NOUN
cblr-5121	782	140	and	and	CCONJ
cblr-5121	782	141	insulation	insulation	NOUN
cblr-5121	782	142	from	from	ADP
cblr-5121	782	143	the	the	DET
cblr-5121	782	144	public	public	ADJ
cblr-5121	782	145	eye	eye	NOUN
cblr-5121	782	146	.	.	PUNCT
cblr-5121	783	1	more	more	ADV
cblr-5121	783	2	drastic	drastic	ADJ
cblr-5121	783	3	solutions	solution	NOUN
cblr-5121	783	4	advanced	advance	VERB
cblr-5121	783	5	by	by	ADP
cblr-5121	783	6	those	those	PRON
cblr-5121	783	7	wary	wary	ADJ
cblr-5121	783	8	of	of	ADP
cblr-5121	783	9	the	the	DET
cblr-5121	783	10	role	role	NOUN
cblr-5121	783	11	of	of	ADP
cblr-5121	783	12	financial	financial	ADJ
cblr-5121	783	13	interests	interest	NOUN
cblr-5121	783	14	in	in	ADP
cblr-5121	783	15	reserve	reserve	PROPN
cblr-5121	783	16	bank	bank	PROPN
cblr-5121	783	17	governance	governance	NOUN
cblr-5121	783	18	fail	fail	VERB
cblr-5121	783	19	to	to	PART
cblr-5121	783	20	account	account	VERB
cblr-5121	783	21	for	for	ADP
cblr-5121	783	22	the	the	DET
cblr-5121	783	23	practical	practical	ADJ
cblr-5121	783	24	results	result	NOUN
cblr-5121	783	25	of	of	ADP
cblr-5121	783	26	reserve	reserve	PROPN
cblr-5121	783	27	bank	bank	PROPN
cblr-5121	783	28	appointments	appointment	NOUN
cblr-5121	783	29	and	and	CCONJ
cblr-5121	783	30	the	the	DET
cblr-5121	783	31	feasibility	feasibility	NOUN
cblr-5121	783	32	of	of	ADP
cblr-5121	783	33	large	large	ADJ
cblr-5121	783	34	-	-	PUNCT
cblr-5121	783	35	scale	scale	NOUN
cblr-5121	783	36	reform	reform	NOUN
cblr-5121	783	37	.	.	PUNCT
cblr-5121	784	1	recognizing	recognize	VERB
cblr-5121	784	2	the	the	DET
cblr-5121	784	3	actual	actual	ADJ
cblr-5121	784	4	nature	nature	NOUN
cblr-5121	784	5	of	of	ADP
cblr-5121	784	6	the	the	DET
cblr-5121	784	7	process	process	NOUN
cblr-5121	784	8	instead	instead	ADV
cblr-5121	784	9	indicates	indicate	VERB
cblr-5121	784	10	that	that	SCONJ
cblr-5121	784	11	any	any	DET
cblr-5121	784	12	future	future	ADJ
cblr-5121	784	13	solutions	solution	NOUN
cblr-5121	784	14	should	should	AUX
cblr-5121	784	15	be	be	AUX
cblr-5121	784	16	framed	frame	VERB
cblr-5121	784	17	around	around	ADP
cblr-5121	784	18	a	a	DET
cblr-5121	784	19	commitment	commitment	NOUN
cblr-5121	784	20	to	to	PART
cblr-5121	784	21	achieve	achieve	VERB
cblr-5121	784	22	greater	great	ADJ
cblr-5121	784	23	procedural	procedural	ADJ
cblr-5121	784	24	transparency	transparency	NOUN
cblr-5121	784	25	and	and	CCONJ
cblr-5121	784	26	increased	increase	VERB
cblr-5121	784	27	public	public	ADJ
cblr-5121	784	28	input	input	NOUN
cblr-5121	784	29	.	.	PUNCT
cblr-5121	785	1	although	although	SCONJ
cblr-5121	785	2	more	more	ADJ
cblr-5121	785	3	comprehensive	comprehensive	ADJ
cblr-5121	785	4	legislative	legislative	ADJ
cblr-5121	785	5	reforms	reform	NOUN
cblr-5121	785	6	aimed	aim	VERB
cblr-5121	785	7	at	at	ADP
cblr-5121	785	8	the	the	DET
cblr-5121	785	9	reserve	reserve	NOUN
cblr-5121	785	10	banks	bank	NOUN
cblr-5121	785	11	remain	remain	VERB
cblr-5121	785	12	possible	possible	ADJ
cblr-5121	785	13	—	—	PUNCT
cblr-5121	785	14	and	and	CCONJ
cblr-5121	785	15	,	,	PUNCT
cblr-5121	785	16	in	in	ADP
cblr-5121	785	17	light	light	NOUN
cblr-5121	785	18	of	of	ADP
cblr-5121	785	19	the	the	DET
cblr-5121	785	20	aforementioned	aforementioned	ADJ
cblr-5121	785	21	constitutional	constitutional	ADJ
cblr-5121	785	22	197	197	NUM
cblr-5121	785	23	see	see	NOUN
cblr-5121	785	24	supra	supra	PROPN
cblr-5121	785	25	section	section	PROPN
cblr-5121	785	26	v.a	v.a	PROPN
cblr-5121	785	27	.	.	PROPN
cblr-5121	785	28	198	198	NUM
cblr-5121	785	29	smialek	smialek	PROPN
cblr-5121	785	30	&	&	CCONJ
cblr-5121	785	31	boesler	boesler	PROPN
cblr-5121	785	32	,	,	PUNCT
cblr-5121	785	33	supra	supra	PROPN
cblr-5121	785	34	note	note	PROPN
cblr-5121	785	35	8	8	NUM
cblr-5121	785	36	.	.	NOUN
cblr-5121	786	1	8_2019.3_hayes	8_2019.3_hayes	NUM
cblr-5121	786	2	(	(	PUNCT
cblr-5121	786	3	do	do	AUX
cblr-5121	786	4	not	not	PART
cblr-5121	786	5	delete	delete	VERB
cblr-5121	786	6	)	)	PUNCT
cblr-5121	786	7	1/3/2020	1/3/2020	NUM
cblr-5121	786	8	4:04	4:04	NUM
cblr-5121	786	9	pm	pm	NOUN
cblr-5121	786	10	no	no	NOUN
cblr-5121	786	11	.	.	PUNCT
cblr-5121	787	1	3:1123	3:1123	NUM
cblr-5121	787	2	]	]	PUNCT
cblr-5121	787	3	insider	insider	NOUN
cblr-5121	787	4	interest	interest	NOUN
cblr-5121	787	5	,	,	PUNCT
cblr-5121	787	6	not	not	PART
cblr-5121	787	7	industry	industry	NOUN
cblr-5121	787	8	influence	influence	NOUN
cblr-5121	787	9	1171	1171	NUM
cblr-5121	787	10	infirmities	infirmity	NOUN
cblr-5121	787	11	of	of	ADP
cblr-5121	787	12	the	the	DET
cblr-5121	787	13	reserve	reserve	NOUN
cblr-5121	787	14	banks	bank	NOUN
cblr-5121	787	15	,	,	PUNCT
cblr-5121	787	16	worthwhile	worthwhile	ADJ
cblr-5121	787	17	—	—	PUNCT
cblr-5121	787	18	a	a	DET
cblr-5121	787	19	sustained	sustained	ADJ
cblr-5121	787	20	commitment	commitment	NOUN
cblr-5121	787	21	to	to	ADP
cblr-5121	787	22	transparency	transparency	NOUN
cblr-5121	787	23	could	could	AUX
cblr-5121	787	24	answer	answer	VERB
cblr-5121	787	25	many	many	ADJ
cblr-5121	787	26	of	of	ADP
cblr-5121	787	27	the	the	DET
cblr-5121	787	28	recurring	recur	VERB
cblr-5121	787	29	concerns	concern	NOUN
cblr-5121	787	30	in	in	ADP
cblr-5121	787	31	the	the	DET
cblr-5121	787	32	reserve	reserve	PROPN
cblr-5121	787	33	bank	bank	PROPN
cblr-5121	787	34	president	president	PROPN
cblr-5121	787	35	selection	selection	NOUN
cblr-5121	787	36	process	process	NOUN
cblr-5121	787	37	.	.	PUNCT
cblr-5121	788	1	vi	vi	X
cblr-5121	788	2	.	.	NOUN
cblr-5121	788	3	conclusion	conclusion	NOUN
cblr-5121	788	4	there	there	PRON
cblr-5121	788	5	is	be	VERB
cblr-5121	788	6	no	no	DET
cblr-5121	788	7	question	question	NOUN
cblr-5121	788	8	that	that	SCONJ
cblr-5121	788	9	the	the	DET
cblr-5121	788	10	federal	federal	PROPN
cblr-5121	788	11	reserve	reserve	PROPN
cblr-5121	788	12	banks	bank	NOUN
cblr-5121	788	13	are	be	AUX
cblr-5121	788	14	an	an	DET
cblr-5121	788	15	anomaly	anomaly	NOUN
cblr-5121	788	16	within	within	ADP
cblr-5121	788	17	the	the	DET
cblr-5121	788	18	federal	federal	ADJ
cblr-5121	788	19	government	government	NOUN
cblr-5121	788	20	.	.	PUNCT
cblr-5121	789	1	given	give	VERB
cblr-5121	789	2	the	the	DET
cblr-5121	789	3	unusual	unusual	ADJ
cblr-5121	789	4	features	feature	NOUN
cblr-5121	789	5	of	of	ADP
cblr-5121	789	6	their	their	PRON
cblr-5121	789	7	governance	governance	NOUN
cblr-5121	789	8	structure	structure	NOUN
cblr-5121	789	9	and	and	CCONJ
cblr-5121	789	10	the	the	DET
cblr-5121	789	11	role	role	NOUN
cblr-5121	789	12	that	that	PRON
cblr-5121	789	13	private	private	ADJ
cblr-5121	789	14	interests	interest	NOUN
cblr-5121	789	15	—	—	PUNCT
cblr-5121	789	16	including	include	VERB
cblr-5121	789	17	,	,	PUNCT
cblr-5121	789	18	until	until	ADP
cblr-5121	789	19	recently	recently	ADV
cblr-5121	789	20	,	,	PUNCT
cblr-5121	789	21	financial	financial	ADJ
cblr-5121	789	22	interests	interest	NOUN
cblr-5121	789	23	—	—	PUNCT
cblr-5121	789	24	play	play	VERB
cblr-5121	789	25	in	in	ADP
cblr-5121	789	26	the	the	DET
cblr-5121	789	27	selection	selection	NOUN
cblr-5121	789	28	of	of	ADP
cblr-5121	789	29	their	their	PRON
cblr-5121	789	30	presidents	president	NOUN
cblr-5121	789	31	,	,	PUNCT
cblr-5121	789	32	it	it	PRON
cblr-5121	789	33	is	be	AUX
cblr-5121	789	34	unsurprising	unsurprising	ADJ
cblr-5121	789	35	that	that	SCONJ
cblr-5121	789	36	their	their	PRON
cblr-5121	789	37	existence	existence	NOUN
cblr-5121	789	38	has	have	AUX
cblr-5121	789	39	sparked	spark	VERB
cblr-5121	789	40	concerns	concern	NOUN
cblr-5121	789	41	about	about	ADP
cblr-5121	789	42	the	the	DET
cblr-5121	789	43	influence	influence	NOUN
cblr-5121	789	44	of	of	ADP
cblr-5121	789	45	regulated	regulated	ADJ
cblr-5121	789	46	entities	entity	NOUN
cblr-5121	789	47	in	in	ADP
cblr-5121	789	48	financial	financial	ADJ
cblr-5121	789	49	supervision	supervision	NOUN
cblr-5121	789	50	and	and	CCONJ
cblr-5121	789	51	the	the	DET
cblr-5121	789	52	constitutional	constitutional	ADJ
cblr-5121	789	53	shortcomings	shortcoming	NOUN
cblr-5121	789	54	of	of	ADP
cblr-5121	789	55	the	the	DET
cblr-5121	789	56	reserve	reserve	NOUN
cblr-5121	789	57	banks	bank	NOUN
cblr-5121	789	58	’	’	PART
cblr-5121	789	59	institutional	institutional	ADJ
cblr-5121	789	60	design	design	NOUN
cblr-5121	789	61	.	.	PUNCT
cblr-5121	790	1	the	the	DET
cblr-5121	790	2	practice	practice	NOUN
cblr-5121	790	3	of	of	ADP
cblr-5121	790	4	federal	federal	PROPN
cblr-5121	790	5	reserve	reserve	PROPN
cblr-5121	790	6	bank	bank	PROPN
cblr-5121	790	7	president	president	PROPN
cblr-5121	790	8	appointments	appointment	NOUN
cblr-5121	790	9	,	,	PUNCT
cblr-5121	790	10	however	however	ADV
cblr-5121	790	11	,	,	PUNCT
cblr-5121	790	12	has	have	AUX
cblr-5121	790	13	recently	recently	ADV
cblr-5121	790	14	been	be	AUX
cblr-5121	790	15	marked	mark	VERB
cblr-5121	790	16	by	by	ADP
cblr-5121	790	17	the	the	DET
cblr-5121	790	18	involvement	involvement	NOUN
cblr-5121	790	19	of	of	ADP
cblr-5121	790	20	presidential	presidential	ADJ
cblr-5121	790	21	appointees	appointee	NOUN
cblr-5121	790	22	and	and	CCONJ
cblr-5121	790	23	widespread	widespread	ADJ
cblr-5121	790	24	elevation	elevation	NOUN
cblr-5121	790	25	of	of	ADP
cblr-5121	790	26	federal	federal	PROPN
cblr-5121	790	27	reserve	reserve	PROPN
cblr-5121	790	28	staff	staff	NOUN
cblr-5121	790	29	to	to	ADP
cblr-5121	790	30	president	president	PROPN
cblr-5121	790	31	posts	post	NOUN
cblr-5121	790	32	.	.	PUNCT
cblr-5121	791	1	as	as	ADP
cblr-5121	791	2	a	a	DET
cblr-5121	791	3	result	result	NOUN
cblr-5121	791	4	,	,	PUNCT
cblr-5121	791	5	any	any	DET
cblr-5121	791	6	reforms	reform	NOUN
cblr-5121	791	7	aimed	aim	VERB
cblr-5121	791	8	at	at	ADP
cblr-5121	791	9	the	the	DET
cblr-5121	791	10	appointment	appointment	NOUN
cblr-5121	791	11	process	process	NOUN
cblr-5121	791	12	for	for	ADP
cblr-5121	791	13	federal	federal	PROPN
cblr-5121	791	14	reserve	reserve	PROPN
cblr-5121	791	15	bank	bank	PROPN
cblr-5121	791	16	presidents	president	NOUN
cblr-5121	791	17	should	should	AUX
cblr-5121	791	18	account	account	VERB
cblr-5121	791	19	for	for	ADP
cblr-5121	791	20	the	the	DET
cblr-5121	791	21	current	current	ADJ
cblr-5121	791	22	reality	reality	NOUN
cblr-5121	791	23	of	of	ADP
cblr-5121	791	24	the	the	DET
cblr-5121	791	25	process	process	NOUN
cblr-5121	791	26	,	,	PUNCT
cblr-5121	791	27	which	which	PRON
cblr-5121	791	28	differs	differ	VERB
cblr-5121	791	29	markedly	markedly	ADV
cblr-5121	791	30	from	from	ADP
cblr-5121	791	31	the	the	DET
cblr-5121	791	32	popular	popular	ADJ
cblr-5121	791	33	account	account	NOUN
cblr-5121	791	34	that	that	SCONJ
cblr-5121	791	35	the	the	DET
cblr-5121	791	36	selection	selection	NOUN
cblr-5121	791	37	process	process	NOUN
cblr-5121	791	38	privileges	privilege	VERB
cblr-5121	791	39	financial	financial	ADJ
cblr-5121	791	40	interests	interest	NOUN
cblr-5121	791	41	.	.	PUNCT