The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
'7 COPY THE TODETB HOUSE Washington February 15, 1935. My dear Governor Secies: The President on February fourteenth signed a Proclamation extending for two years from March 3, 1935, the period m t h i n nhich the Federal Reserve Board may authorize the Federal Reserve banks to offer, and the Federal Reserve agents to accept, direct obligations of the United States as collateral security for Federal Reserve notes, as recommended in your letter of February 2, 1935• Very sincerely yours, (Signed) Louis McH. Howe LOUIS McH* HOWE Secretary to the President Honorable M* S« Eccles, Governor, Federal Reserve Board, Washington, D* C*
@FedFRASER