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Ti* Bofir;i hM b»en laJfeNtti % Mi Allan rr>^L tfeftt you f «eked him to && 2t & Q you ai your mfritmw on your forthcoming c 3 fp B r t r i p i« th# Bogota OlttfMNftft* ** have told Mr« %r#ul, iad I am • you, Ihit * I N h&» no objection I* hlfl serving in thfet c&j'Sci%-. Ti»a Bo«dNta r*a^v«r, h. -r^d this J meBt i : -l.ht of t t » d«9ir« for h E Mf M M M lM ffie tent tio» of the Mtetftl isM7V» Sjystas f»c veil & af th* %staa*s good « r»lationfc with oih&r dai«rt?fiei5ts •£ Ikt iVWifWMV%« 0 li^ctiBs our ¥i$vs am ti\%$: m»%%n vHk you I M B ^? ^ M iu tb^ a##.swhil© tht Bo&rd W & Ilk* lo brim to your m%% M4 -' nests- to "^-erim B&ok ©fflei#ls or 9%&ft jsMMdsar* to s«rwi M forfb •Jttfimi of the Ctawm&oat* I t l i our i'0»Xin,. ta .t :-Tioi tWMHbliKtiMi « ith MM il Wildl N avpropri*tt in viov of HM f(BMtl«M of , :e QtelfMN of Hw 1« rd, la Uu 1st ffcw i f the Board's rtiptwiHiilitlti for x t t y l t l — of tlto Fe^^ral B#t«rr« Baakfiy •t|)iilit1jf in Utlnwii •>*r«« It l i hoped th&t ^JOB toaiidtmLtlot you will igUM t ^ t ult&tlon aa cu©»ti«Bi of *hl© klad LSPtlviaj the f M M y M V H O s v-.-ntid be botb • mm U»k second to £.ec0M^t^r you to vitk tfeM Bofcrtl* fte B. -Uoacicm of rt i 4ml Bank* Ti . .:o^s ao>t eonaid^r tlNtt f it iss aj^r * ^ lapnptV for Baaerif* BMIB officl&I** &rticuimrl| tC ih& PMterfel r:@jsorr© K^nk of I M Xork^ to b I part o @ sort, butfcSMMWf« fr^.^enti^ a&tter* of p o r i t i e s - o& valcfe llM Poiai stimsld N &IT#E to «x.pr@ss i t s viawi bafor© ,z,t$- .mmh uppcAxttimtot %M Honorable John ¥. Snyd«r -2- I aa alio writing to the Secretary of State general question of the representation of the Federal at the Bogota Conference. A copy of asy letter to the State is enclosed for your information; you will note ing him a copy of my l©tt©r to you* regarding the BeBerre Systea Secretary of that I am send- Sincerely your*, (SiGNED) N. S, M« 8. Eccles, Chairman pro tern* Honorable John W. Snyder, Secretary of the freamxry, Washington 2$, D. C. Enclosure cc: Honorable George C. Marshall, Secretary of State Mr. Allan Sproul COPY The Secretary of the Treasury Washington April Thirteenth 1948. Honorable Marriner S. Eccles Board of Governors Federal Reserve System Washington, D. G. Dear Marriner: Your letter of April 9> in which you express the desire for harmonious and efficient operation of the Federal Reserve System as well as of the System's good relations with other departments of the Government, has been read with great interest. I am pleased that you have advised Mr. Sproul that you have no objection to his accompanying me to the Bogota Conference as an adviser in the event that I maKe the trip. I have found Mr. Sproul extremely helpful to me since I have been in Government service, both as friend and as counselor, and 1 have called upon him in many instances to assist me in deliberations. Unfortunately, I was unaware of the necessity of propriety of obtaining the Board of Governors1 approval of these discussions and consultations with ^r. Sproui. I quite naturally assumed that if there was any question in this reference that Mr. Sproul would clear the matter with the Board himself. I shall be happy to discuss with you and the Board on all occasions any questions which involve the policies of the Treasury and those of tne Federal Reserve System. My contemplated trip to Bogota will be made only upon the specific request of the Secretary of State, who is heading up the delegation, for I feel that the selection of the representatives from the various Government agencies to conferences such as that being held in Bogota rests solely with him. C Mr. ^proul was requested by me to go as my personal adviser, and not as a member of the Federal Reserve System. Now that you have stated the rules of the Board with reference to requests for Reserve Bank officials to serve as advisers, I shall be happy to take the matter up with tne Board in the event I find it appropriate and desirous for such consultations in the future. Again let me thank you for the fine cooperative spirit shown the Treasury Department by the Federal Reserve Board. Sincerely, (signed) Johnft.^nyder