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JANUARY 15, 1940

L M GIANNINI
PRESIDENT BANK 0* AMERICA
NATIONAL TRUST AND SAVINGS ASSOCIATION
SAN FRANCISCO CALIFORNIA

ACKNOWLEDGMENT MADE YOUR TELEGRAM JANUARY TWELVE.

STOP.

RESPONDING TO YOUR INQUIRY THIS OFFICE HAS PRESCRIBED NO
FORMALITIES BY RULES OR REGULATIONS WHICH ARE NOT
PRESCRIBED BY STATUTE.




COMPTROLLER OP' THE CURRENCY

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BAM OF AMERICA
National Trust and Savings Association
San Francisco Headquarters

San Francisco, California
January 15, 1940
Honorable Marriner S. Eccles,
Chairman of the Board of Governors,
Federal Reserve System,
Washington, D. C.
Dear Governor Eccles:
At the request of Mr. A. P. Giannini, I am sending
to you the enclosed booklet carrying remarks of the President
of the Bank to the shareholders, which remarks Mr. Giannini
believes might be of interest to you.
There are also enclosed five additional copies of
each of these booklets which Mr. Giannini would appreciate
your having distributed among the other members of your Board,
i n case you believe that this i s the appropriate thing to do.
Yours very truly,

(signed) R. P. A. Everard
R. P. A. Everard,
Secretary.
Enclosures







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THE COMPIBGLLER Of THE CURRMCY
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January 17, 1940

Honorable Marriner S. Eccles,
Chairman, Board of Governors,
Federal Reserve System,
Washington, D. C„
Dear Mr. Eccles:
I enclose copy of recent exchange
of correspondence between this office and Mr. L.M.
Giannini, President of the Bank of America National
Trust and Savings Association.
Very sincerely yours,
(signed) Preston Delano
Preston Delano