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BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM H^ffice Correspondence To flhairman Ttacles From Date Jung 27, 1QJ|J| Subject: Overlapping Functions and Conflict JBetween Different Agencies of Government Walter Wyatt The following quotation from a report submitted to the Senate on June 12, 19^4- by Senator George on behalf of the Special Committee on Post-war Economic Policy and Planning (Senate Report &<>• 339 - Part 1 - Page 10) may interest you: + 1 1 ; (16) OVERLAPPING FUNCTIONS OP GOVERNMENT! - A careful study should be made of all the governmental bureaus and departments with a view to the elimination of those which do not perform a real and vital function and of the overlapping functions of others. Whatever steps are necessary should be taken to coordinate and unify the activities of all the departments, to be certain they do not pull in different directions.ff \ This is especially interesting in view of the recommendations contained in the Board1 s Annual Report for 1938 an(^ i*1 view of the present conflict between the Board and the Federal Deposit Insurance Corporation. Respectfully, Walter Wyatt General Couns