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Dear Fred* The Presidents 1 Conference?, consisting of the Presidents of the twelve Federal Reserve Banks, has been seating in Yr&shington during the past few da^s and Has presented & report to th© Board of Governor® coneeniins: i t s proceeding** I &n sure /on will be interested to know that this report includes the following p&ssagei 11 Anglo-A^ericim loan Conference reviewed tfca prevailing s«iitiand attitudes of the pablic toward the AngloAmericon finaaciai agreenent* The members of th© Confarcnca are in favor of the e^roemeRt and are willing to cooperate in ©very «*&y possible to present th® subject to bankers, civic, business, ead other organisations, but they believe that their assistance would be E^ich sore effective if they could bs kept informed of the general national program for public ectecation u\d of the time schedule 11of this program of proposed legislative action. tejDM steps to a## that the President* 999 kept informed th*» prograsi for public ednc&tion and legislative consideration of the British l#em. (Signed) Marriner liU S* Kccles, Chal naan, Honorabl© Fred II Secretary of the ias-hington 25, D> C, JBK;mla U&rch U» 1946* Dear The Presidents* Conf*r«aee, consisting' of the Presidents of ih# twelr* Federal .Reserve tasks* has b*en meeting i» F&ahinjfton durin the p&&i few d*ys &nd has presented • report to the Soar;! of Governors concerning i t s proctedin^s* I ant MUrt -you will fo# Ist*rtt4«4 to know that this report incLodas the following •"The CqttfTSttOS r^vietrod UM pravaillm? M l i l and attitudes of tb« public toward th* Anglofinancial afr#fB«,fst« Th« MMriMMFt of the Conference are in favor of the &gr&eift«nt MHfl *^re billing' to cooperate in «r*ry ••f poj?sibl« to present the 4mbj«ct to b&nkars, eivic, businms, and other org^niR*tions9 but th^y (relieve that Uislr asslftitnce would b« mieh eaore *ff®ctive if they cmtM be kept informed of the ^«n*rsl national progrm. for public edueatioo and of tha tiite stiiediiie of this a»d of proposed legislative action.* I have taken steps to 0©© th*t the President® are vept informed concerning the profr&m for pvbftlt edtsc&tion Sttd lejri tl«fclv« consideration of the British loan. (Signed) Marriner *? W. L. Clayton, ssistant Mil>isiJf of S 2 $ , D, G. JBKiisla
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