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January 15, 19S7 PEBS0B4L Hr. km P. Giaonini St. Regis Hotel Sew York, Sew York Dear Mr. Giannini: I was sorry not to hare sore than a moment of yo«r time when you ease by her* on your last visit* You indicated at the time that you might cose back within four or five days, but I pres use that whatever the appointment r&e, it did not materialise* If you have not yet gone sonfch would it be pos sible for you to stop over here on the way down even if only for an hour or two between trains so that I night take yon to lunch? If so, will you please advise as so I can plan accordingly* 1 suppose you have noticed the sweep ing progran of the President in the direction of consolidation of executive agencies. I doubt that the Reserve System is contemplated is these changes since the System is privately owned and obtains so appropriations or authori sations from Congress respecting annual expendi tures. The usual flock of bills have been in troduced by the self-styled banking experts on Capitol Bill, some of which I an sure you will be interested to hear about. With kindest regards, I am Yours sincerely, LC/fgr Lawrence Clayton
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