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GENERAL. COUNSEL
TREASURY DEPARTMENT
WASHINGTON

July 12, 1937
Dear Governor Eccles:
Confirming our telephone conversation of this morning, the
following is one item of a further request for information
which this Department has received from Miss LeHand:
n

3* A statement of the results, if any, of the
President's letter to Senator Pletch'er and Representative Steagall, dated March 19, 1934* with
respect to creating twelve credit banks for industry*M
lour offer to have this material prepared,and included with
the matter now being assembled in response to an earlier request, is very much appreciated.
Sincerely

Honorable Marriner S* Eccles
Chairman,
Board of Governors of the Federal Reserve System.