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FEDERAL RESERVE BANK OF BOSTON
3O PEARL STREET

RALPH

E.

FLANDERS
PRESIDENT

November 13,1945.

The Honorable Henry A. Tvallace,
The Secretary of Conneree,
Washington, D»C.
Dear Hr« Secretary:
The "Census Statistica
seems toraeto be excellent.
to make.

ogram For Business"
TO only two comments

The f i r s t i s t o emphas: e th
rtanee of inventory reporting*
The wh < spre u. knowledge of the
,
.rtant co ciodities will
accumulation of inventories jn
id Mn >&Jin~/entory specuig
do nuch to discourage t h e p
lation.
There rrny coine a t i n e within t h e immediate
years ahead -when t h i s w i l l be as^iiaportant as i t was after
th© l a s t war.
The second point relat
cooperation with the statis
Federal Reserve Board. Some1
lap.
I t should be coordinat
combined?

ability of close
I work of the
presumably overnot some of i t be

I am likewise enclosin
ppy of a talk which
rewi
I gave last night before th
uncil of Churches
yraen's
of Via. ssa chuset t s . It may siay not 2
rest you»
Sinooret

A.

Enc.