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CHEMICAL BANK & TRUST COMPANY
165

BROADWAY
JSTEW Y O R K

WILLIAM S. RENCHARD
ASSISTANT SECRETARY




February 14, 1940

Honorable Marriner S» Eccles
Federal Reserve Board
Washington, D. CU
Dear Governor:
I have your letter of February 12th and appreciate
your writing me so fully. With regard to the First National
Bank of Salt Lake City, I believe I understand your position
perfectly, and I hope' you will not feel that I was endeavoring
to impose upon your good friendship.
Hoping to see you in lashington before long, and
with kind regards,
Sincere!

W« S*