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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.