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TOM B. FUGATE SECRETARY: 9TH DIST., VIRGINIA JULIA PEPPER ASSISTANT SECRETARIES: COMMITTEE: PEARL PEEL MERCHANT MARINE C o n g r e s s o f tfje W i n i t t b S t a t e s AND FISHERIES SUBCOMMITTEES: Housfe of &epre$entattbMi ALASKAN PROBLEMS FISHERIES AND Washington, 30. €• February j , WILDLIFE CONSERVATION PANAMA CANAL Honorable M* S. Eccles Board of Governors of the Federal Reserve System Washington Z$9 D* C. Dear Mr, Eccles: Thank you for your letter of February 5th in regard to inflationary expansion of credit. I appreciate your sending me a copy of the statement of the Department of Economics of the University of Chicago• With best -wishes, I am c THF/pp 1 JAMES O U N G E R
@FedFRASER