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m i m n n - OFFICE of m
OFFICE OF mvmm
O f f i c e o f t&© D i r e c t o r
PR&idhit
wmuuxm
Msroii I I ,
1951
*ienor&bi<t faomis §» KoCsfee, Chair&sas
Board of Gummcr;* o f tho Fodoral
B*se rve Sy* torn
Washington
0 . C.
Dear Mr* NeGfcbo*
In accordance v i t k our <ii»ea«.sio» oa Friday* M&rch 9 ,
tho following t&sk forc®» to inplo?$#nt mr j o i n t
mm
ost&&iijme*i:
( 1 ) To t o v o l o p an m m i a i s t r m t i w and s u b » t a a t » t i f ^
pina f o r
t o r y c o n t r o l o f expaasioii o f primit*. c r t 4 i t s
j f ^ t t IU C l e r k , Cfaairma; «M*s«rs. j f e r b o r t Bergoon, Thorns Lyneh
srkfc George V e s t .
( 2 ) To develop cm © a s i i n i s i m i i w
fMbeteotiillve
ol*n f o r voluntary c o n t r o l o f expeafion o f p r i v a t e e r e a i t j Mr,
JqM, S. Gmhaw, A*eist&dt S e c r e t o r y o f the Treasury, C&aItbuoi}
end Wooers* Boy Blougfe, O l i v e r Powell and £i<i&ey Weinberg.
(3) To drav up & pisn f o r iegifel&tlcn to p e r n I t
e m s « o f beak r t g ^ r t t r*QWirojssertei M?• Salph Young, Cm%irmuj
G«ri»rd Colm sou fNorge Beo*«
{4} To prepare a report on etoj»s fcau** f a r teuton, wd
ifcept in contemplation., r e l a t i n g to e t a b i l i s t t l o n o f tfce Bmraet
tor pah l i e j a e c u r i t i e e i Mr, W i l l i e s H s r t i n , Cfeoirit&n; -«nd K r ,
V i n f i e l d Rift n o r *
(5) f o pr^por* & r e p o r t
mmmmm&tktbMik o& leieeolJUuftootte a s p e c t s o f o t e f c i l i * i » # ; t&e m^rk^t f o r p u b l i c f e e u r l ~
t i e ® and c o n t r o l l i n g i n f l a t i o n a r y p r i m t ® c r e d i t (3ue.i1 m
®
s e l e c t i v e c o n t r o l s , regui&iion of eowso'lity sartcot, e t c . j t
Mr, K* §• Sayaoook* .fearf of Q&rwmore o f toe I ^ e r s i l e o e r e e
jSyOtoift, Cfi&trJnen;
Meeere. Mmrcl f . £ * r t o l t , Ae«ieiasji
r t t & r y o f the Tre&eury, and Boy Bloufh*
The Cheirota of mm of t h e fors-.oin^ group® w i l l h#
expected to e t l l h i s group t o o t h e r promptly f o r 1b t e a t i r o
vork, t o sesd copies o f a complete
f a i r l y eosprehftafttv#
written r e p o r t to m m ig&mlmr o f
f e u r - m n e o j s s i t t e e &$>•
pointed hy the P r e s i d e n t by F r i d a y , Hu.rc.ti 1 6 , mi to 'm p r e p#re4 to m e t * i t h the four~.%&B coisstiitee f o r •Jisous^io.n a t
9*00
on HomUy, H&rch 1 9 .
I sis sending t h i * mm? l e t t e r t o ? r* g e y s e r n m
Mr. F o l e y . I assume fftat
oJt you v i l l
ypowpt eteoe
to impleta-sat each taok. f o r c e f o r v a i c s the Chairfreti f a l l s
u n t o r your j u r i s d i c t i o n .
Sincerely,
U ) CUAftLEc- e. VILKOS
»'. VLUon
