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FEDERAL RESERVE BANK OF OFFICE OF THE FIRST VICE PRESIDENT January 14, 1944 Dear Governor: The newspapers carry the announcement that the President has nominated you for another term as Chairman of the Board of Governors. Now, more than at any time in its history, the Federal Reserve System needs the guidance of men who are capable of creative, independent thought and who have that background of experience which is so essential to sound judgment• Ever since the days of the Deposit Liquidation Board, I have held you in high esteem, and I am pleased to learn of your nomination. Very cordially yours, The Honorable Marriner S. Eccles, Chairman Board of Governors of the Federal Reserve System Washington, D. C. January 18, Dear hube: Many thanks for your note of January 14 with reference to my nomination for another term as Chairman. Your kind comments are most appreciated as is your thought fulness in v.riting to me. Vdth kind regards, Sincerely yours, Mr.tteubenHays, First Vice President, Federal lie serve &ank of Cleveland, Cleveland 1, Ohio.