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c 0 p Y 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 c o p y 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 c o p y THE COMPIBGLLER Of THE CURRMCY mskiwgtoi 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