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THE COMPTROLLER OF THE CURRENCY WASHINGTON March 30, 1938 My dear Mr. Chairman: I thought you might be interested in copy of letter I have written today to Secretary Morgenthau. Sincerely yours, J.^O' CONNOR mptroller Honorable Marriner S. Eccles Chairman, Board of Governors Federal Reserve Building Washington, D. C. March 30, 1938 My dear Mr. Secretary's I h'.ve rt i interact he letter of Honorable Jec.,re H« Joncr, Chalratn of the tecosftr QCi Cor;>or- tion, t you under date of March 17 • I p If-cufted with Mr, Jono;: t holding company bill, txc in the genera:.. d the Secretary's Committee Meeting, I have discussed it rlth Ch^iraan Ecelf-s 0 L Reserve ionrdg nsorn. Under the «.ct of 1933 i-935, Congress |*r« Juril to the Federal N f i n i Bo;-rci# Tiiile I i ficio • . -erve Bo^rd, irt gave c&ref ill [tM •XQfdlagXy i Le inforattion with reference to holdiiee* Hasy t of dollar? wtsr* spent Igr the Fee cfrrylng out the directions of Conuve; , in my opinion, If there ll to be further I i 9 IT$ It Should rob=. bly be pl*e«d it '' L Rtrerve Bo-^rd. I i B«nd»la4 O«pt«i of 1 tter to Chtir Sincerely y -u , J. F. •:. o«co Comptroller Honorable Henry Morgerr Sec et&ry of the Treasury xn, D. C.