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FILED IV
’
m . HOPiviNS

June 22, l$5l

Respectfully referred for the
files of the Board of Governors of the
Federal Seserve System*

WILLIAM J, HOPKINS
Executive Clerk
Transmitting copy of Honorable Marriner S. Eccles letter to
the President tendering his resignation as a Member, Board
of Governors, Federal Reserve System, to be effective July 1 $ 9
1951; copy of the President’ letter accepting his resignation
s
effective at the close of business July ll;, ,1951*




Jmm 22, 1 9 &

Respoetfull^r referred for the

f ile s of the Board of Governors of the
federal Steawve System*

WILLIAM J* HQPKEM5
Executive Clerk
Transmitting copy of Honorable Marriner 3* Eccles*letter to
the President tendering his resignation as a Menfcer, Board
of Governors, Federal Reserve System, to be effective July 1 $,
1951 1 copy of the Presidents letter accepting his resignation
effective at the close of business July Hi, 1951*







C>

A m 81, 1951

My daar Mr. Ecclest

Because of the considerations which you
urge:la your letter of June twentieth, 1 feel that
X have m recourse bat to aeqaiesee in your wishes.
Accordingly, I accept, effeotive at the olose of
business cm Saturday, «July fourteenth next, your
resignation as a Member of the Board of Governors
of the Federal Eeserve System#
I can understand how when you first eaae
ie Washington seventeen years ago you fully' in­
tended that yemr pablic service would be of @o®~
paratively brief duration* Incalculable forces
have extended that service. In consenting to the
relinquishnent of ytatr duties at this time cmy I
wish you happiness and sontinued success aa you
return te your hoae and private business affairs
in the ffest.
Itry sinaerely youra,

HARRY S. 1
Honorable Karriner S# Beclee,
Member,
Board of Governors,
Federal Eeserve System,
Washington 25, D. 0,

wslh-ewr

BliSDIATE RELEASE

JOKES 21, 1951

The President has sent the following letter to the Honorable
Uarriner S. Eccles, accepting his resignation as a Member of the Board
of Governors of the Federal Reserve System:
rlly dear Mr. Eccles:
t
Because of the considerations which you urge in your letter
of June twentieth, I feel that I have no recourse but to acquiesce in
your wishes. Accordingly, I accept, effective at the close of business
on Saturday, July fourteenth next, your resignation as a Meiaber of the
Board of Governors of the federal ^ s e r v e System.
I can understand how •when yon first came to Washington
seventeen years ago you fully intended that your public service would
be of comparatively brief duration. Incalculable forces have extended
that service. In consenting to the relinquishment of your duties at
this time may I wish you happiness and continued success as you return
to your home and private business affairs in the West.
Very sincerely yours,

/s/

HARRY S. TRUMAN"

Following is the text of Mr* Eccles* letter to the President:
,M y dear Mr. President:
!
It is now more than 17 years since I cam© to Washington
to engage in a public service that I fully intended and expected
would be of comparatively brief duration* A succession of events,
including the war period and the special problems of its aftermath,
led me to stay on. It has been a groat honor and privilege to servo
m y country for so many years, but I now feel the time has arrived when
I can and should return to m y home and private business affairs in the
West*
Accordingly, I am submitting herewith my resignation as a
Member of the Board o f Governors of the Federal Reserve System to be
effective as of July 15, 1951.




Respectfully,
/s/ JttRKDlER S. ECCIES"

B O A RD OF G O V E R N O R S
OF T H E

FEDERAL RESERVE SYSTEM
WASHINGTON

June 20, 1951<

My dear Mr. President:
It is now more than 17 years since I
caiae to Washington to engage in a public service
that I fully intended and expected would be of
comparatively brief duration. A succession of
events, including the war period and the special
problems of its aftermath, led me to stay on. It
has been a great honor and privilege to serve my
country for so many years, but I now feel the time
has arrived when I can and should return to my home
and private business affairs in the West.
Accordingly, I am submitting herewith
my resignation as a Member of the Board of Governors
of the Federal Reserve System to be effective as of
JuOy 15, 1951.

M. S. Eccles.

The President,
The White House.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102