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THE WHITE HOUSE WASHINGTON February 9, 1951 MEMORANDUM FOR THE PRESIDENT 5 Elliott Thurston, Information Officer at the Federal Reserve ^oarcL, called with the following message: f,0n the letter that was sent over to the President from the Federal Open Market Committee there should have been a postscript to the effect that Governor Vard&man did not approve of the letter.1’ Governor Vardanian telephoned later that he had forced the Board to direct Thurston to make this telephone call to me. Governor Vardstman recommended that we not release the letter. JOSEPH SHORT V \A < -