The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
B R O W N B R O T H E R S H A R R I M A N & 59 C o . BUSINESS ESTABLISHED 1818 PRIVATE WALL STREET, INVESTMENT ADVISORY DEPARTMENT 5 F N.Y CABLE ADDRESS "SHIPLEY-NE W YORK '' BANKERS March 7, 1947 Board of Governors Federal .Reserve System Washington, D. C. Gentlemen: Do you, by any chance, have a transcript of the remarks maae by Marriner S. Eccies before the Hous-e Banking Committee urging Congress to continue indefinitely the existing temporary authority for Federal Reserve banks to purchase up to $5,000,000,000 of government securities? If you C O I should appreciate it if L, you would send me a copy of Mr, Eccles1 testimony. If such a transcript will be available for circulation but has not yet been prepared, would you please place my name on the mailing list to receive a copy. Very truly yours, C. C. Bayard CCBigr NEW YORK March 10, 1947• Mr. C• C. Bayard, Brown Brothers Harriman & Go., 59 V*aii Street, New York New York. Dear Mr. Bayard: In accordance with your request of March 7, I am enclosing copies of two prepared statements which Chairman Eccles presented to the House Banking arid Currency Committee. The memorandum of March U was prepared in an effort to clarify the garbled press reports of his first dayis testimony. V»e do not have copies available of the complete testimony, but no doubt they may be obtained from the Committee when the hearings are printed. Sincerely yours, Elliott Thurston, Assistant to the Chairman. Enclosures 2