The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
February 19, Honorable Fred K. Vinson, Secretary of the Treasury, Washington 25« 0. 6« Dear Fred: I air; enclosing a copy of i l e t t e r which I fc-rote to the Reserve Ban* Presidents at the end of LMt asonth on the subject of the British loan and copies of the responses which I bars received from a number of the Presidents. I do not expect that you will hsvs time to read through this correspondence, but you slight pmm i t on to soff.e of the people in your Department who will be interested. The replies frois the Presidents indicate that the directors &n& officers in all of the Birttl are taking a keen interest in this Flatter and art doJjaf their part in s t i l l i l l f public discuesion of the issue. I h&d previously sent the Presidents a considerable aaOVAt of • i t f i l l relating to the British negotiations, including th« oriirinal agreements, MaWPaBdl i l i j T l n j their contents, coplsg of Lord Keyne»f speech, etc. I had also arranged for D & Acheson to speak on the British e n loan at • luncheon Bee-tin^ here at the Board which w * attended by rsprt *s sentatives frois the research divisions in the vmriotti federal Uvsorv* Banks. With this background tm& with the further coverage of this sub,j«ct *hieh has been given in the Federal Re serve Bulletin* I believe that the Federal Reserve Banks will be able to i l k i a largo contribu.tion to public understajidinf of the British problem.. Sincerely yours, (Signed) M. S. Eccles M. 5. Eccles, Enclosures JBK:irO.a c,
