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PERSONAL ANT- CONFIDENTIAL April Ih. 19U7. Dear Maple: Quite by chance and much to ny surprise, I learned that a t the meeting arranged by the Federal Deposit Insurance Corporation with State Bank Supervisors, an opportunity %a3 given to Mr. Walter French, Deputy Kanager of the American Bankers Association, and Mr. Robert U. IIane3, former President of the American Bankers Association, to present their arguments against 3 . I4O8, which would continue and improve the authority of the Federal Reserve to render service to a l l commercial banks through guarantee in part of loans. I am advised both by Mr. John D. Hospelhorn and by Mr. E l l i o t t Bell that the arrangements f o r t h i s meeting were made not by the supervisors, but by someone at the FDIC. When I heard about t h i s , I got in touch with 3ome of the State Bank Supervisors, who said they would be glad to give me an opportunity to be heard on the other side. Accordingly, I spent about an hour on Friday afternoon discussing the b i l l with them from the Board's standpoint. While I do not know how French and Hanea managed to maneuver themselves into the meeting, i t was hardly in accordance with that s p i r i t of cooperation whioh you and I want to maintain. In the interest of continued good relations, I wanted to bring the matter to your attention because I f e l t confident that had you realised the one-sidedness of the arrangement you would not have permitted i t to take plaoe under tho auspices of the FDIC, and would want to do whatever i s appropriate to avoid ooourrences of t h i s sort in the future. With kindest personal regards. Sincerely yours. The Honorable Maple T. Harl, Chairman, Federal Deposit Insurance Corporation, Washington 2 5 , D. C. 1933 isggf FEDERAL D E P O S I T INSURANCE CORPORATION y&Êy WASHINGTON OFFICE OF THE CHAIRMAN April 19, 1947 PERSONAL AND CONFIDENTIAL Honorable Marriner S . Eccles, Chairman Board of Governors Federal Reserve System Washington, D . C . Desr Marriner: Replying to your personal and confidential letter of April 14, 1947» please be advised that in checking into this situation I am reliably informed that a representative of the American Bankers Association contacted M r . Richard Rapport, First Vice President, National Association of Supervisors of State Banks, regarding M r . Robert N . Hanes* appearance and that John D . Hospelhorn, Chairman of the Executive Committee of said organization, introduced M r . Hanes to the group at the conclusion of the scheduled program. I was not present, therefore, did not hear M r . Hanes and have not discussed the matter with any member of the National Association of Supervisors of State Banks. Cordially and sincerely, V I S I Maple T . Chai]
@FedFRASER