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FEDERAL RESERVE BANK OF M. J. FLEMING, PRESIDENT January 14, 1944- Dear Marriner: I had not realized that your term on the Board of Governors was about to expire, I had looked on you as a permanent part of the Board, and when the newspapers carried news of your nomination for the long term, I was surprised to note that your present term was about to expire, I am pleased to know that you will continue as a member of the Board. It would be a serious mistake to have it otherwise. lour experience and background relating to policies, and your contact with the presidents and boards of directors of the Federal Reserve banks, are invaluable in times like these. INe need you in the System, and I am pleased beyond words that the President has again-appointed you to carry on, thereby assuring to the banking fraternity the benefit of your experience. With best wishes for good health and continued success, believe me, lours very sincerely, Hon. M. S. Eccles Board of Governors of the Federal Reserve System Washington, D, C. January 18, Dear Matt: This is to thank you for your note of January 1J+ in regard to my nomination for another term as Cnairman. It is expressions like those contained in your note that make me feel that perhaps my years as Chairman have been worthwhile. Your thoughtfulness in writing to me is very much appreciated. with kindest personal regards, Sincerely yours, Mr. M. J« Fleming, President, Federal Reserve Bank of Cleveland, Cleveland 1, Ohio. Office b JAN 17 J344
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