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REE & C O M P A N Y LTD. Investment Securities 2 3 ! ST. J A M E S ST. W E S T M O N T R E A L 1. Q U E B E C June 1, 1946 Elliott Thurston, Esq., Board of/Governors, Federal Reserve System, Washington, D.C. Dear Mr. Thurston: Wewish to thank you very much for the copy of the prepared statement that Mr. Eccles presented to the House Banking and Currency Committee which we received May 31st, Yours very truly, CRABTKSS & COMPAHY LTD. AAMcLsCH