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THE OHIO STATE UNIVERSITY H o w a r d L. B e v is , President COLLEGE OF COMMERCE A N D A D M IN IS T R A T IO N COLUMBUS W . C. W e i d l e r , Dean C. W . R e e d e r , Junior Dean F e l ix E. H e l d , Secretary C l a ir e H a r m e y e r , Assistant to Dean J a n u a ry 7 , B a n k in g a n d M o n e y M arkets 1941 CHARLES A. DICE E. L. BOWERS VIRGIL W IL L IT The B o a rd o f G o v e rn o rs , Th e F e d e r a l R e s e r v e S y s te m , W a s h in g to n , D . 0 . G e n tle m e n : I h a v e b e e n r e a d in g G o v e rn o r E c c l e s * a d d r e s s o f N ovem ber 2 8 t h t o t h e N a t i o n a l I n d u s t r i a l C o n fe r e n c e B o a rd * I f i n d i t e x c e l l e n t a n d w a n t my c la s s e s i n M oney a n d B a n k in g t o s tu d y th e a rg u m e n t c a r e f u l l y . I s h a l l , t h e r e f o r e , b e h a p p y t o r e c e i v e a n y w h e re u p t o f i f t e e n c o p ie s , d e p e n d in g o n how m any y o u c a n s p a r e * I f t h e r e a r e a n y c h a r g e s , I s h a l l be g l a d t o p a y th e m . Y o u rs t r u l y , CA&JL.d.'Q. C h a r le s A . C A D -h k a ' J ' D ic e