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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