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November 6, 1947.

Dear Allan:
Before leaving the office &t a let© hour 1^ t
eTenlng the Chairmn aaked me to raise vith you the
• uesticn of whether you felt it voulrt he desirable to
send copies of tLi* correspondence to the other aesbers
of the Open Market Comittee. He would have mentioned
it to you himself, but he had to ie&v© at the crac« of
&%vn to keep his appointment vith Ai Vllli&as and Bill
Kurt* in Philadelphia.

.
As h© said triis corres , ndeace is b-etween you
himself, MMl co;ies do not lecesssrily need to be seat
to the QpMI ?l^rket Cosaittee, but thiit if you M M no objection to doing so he felt it :Ji£,ht be veil, so that
they aiicht have the benefit of the discussion.
Sincerely yours,

E l l i o t t Thuraton,
Assistant to the Chairman.

Mr, Ali.&n Sproul, President,

l siemrve Bank of Btm York:,
York. 45* if* lork*
P. S.

M. S. E. taentioaed only the 0. H. Committee, but \
as this is a discount matter I think it ought to go
to all the Presidents.