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July 3»
Dear Henry*
Before going oat of tovn f o r a visit at tit*
Federal fifteen* Bank at Boston* Z tried unsuocesefuXXy
to reach you by teXepiume Just to Xet you know how ouch
aXX of ue on the Board appreciated what you had done In
putting through the biXX which idXX enable us to adjust
reserve requirements in central reserve cities, i f
necessary, without hailing to sake changes at tits same
time f o r aXl the reserve oity banks* end likewise ironing out acne other defects in the present statute*
She steasure i s reaXXy necessary* as you know,
end X feel* as do the other members of the Board, that
you have been most heXpfuX in getting such proapt
action*
n t h best ragards.
Sincerely your*.

EonorsbXe Henry B* SteagaXl,
House of Sspresentatives*
fcashington, B« G»

ETsb