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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 De&n Acheson to speak on the British loan at • luncheon Bee-tin^ here at the Board which w**s attended by rsprt 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,
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