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T. ALAN GOLDSBOROUGH F ir s t D is t r ic t o f C O M M IT T E E ON BANKING AND C U R R EN CY M aryland HOUSE OF REPRESENTATIVES W A S H IN G T O N , D. C. May 23, 1938 Hon. M.S. ftccles, Chairman Board of Governors of the Federal Reserve System Washington, D.C. Dear Marriner: I thank you very much for sending me the full text of the address you gave before the New Jersey Bankers* Association. I haven’t yet had an opportunity to read it, but am going to return to the office this evening for the sole purpose of reading tnis address. I enjoyed so much my lunch with, ana meeting with, the hoard of Governors on last Monday. With kind regards, I am Very sincerely yours, T. Alan Goldsborough P