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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