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• •
Internal Memorandum,

Mey 19, 1955

In regard to the Legal Monograph projected by Mr* Howard-Hackley

I talked by telephone to Mr. Hackley in Washington. He has been doing
some rough outlining of a possible monograph, and the framework thus far developed
is as follows:
I. Legal &enesis of the System
A. Monetary Commission
B. Fujo Committee
C. Debates and Reports
D. Legal Questions
II.

Trace legally the development of the System from the functional point
of view
Developments of functions, legal interpretations
• a. General
b. Currency
c. Discounting

-, *

d. Supervisory
e. Collection
f. Fiscal
g. Credit controls
III. Trac^ structural development of System from legal point of view
I¥. Legal Status of System in the Governmental Framework
Mr. Hackley M i l be i n "Washington except for mid-July when he goes on
vacation.

I t i s probably t h a t conversation with him and Mr. Pdefler might develop

t h i s from t h i s point on.

MA:IB