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THE SECRETARY OF THE TREASURY WASHINGTON December Twenty-second 1947 Pear Marriner: «• * ^ The fine understanding between e Federal Reserve System and the easury Department which has made possible such a splendid record of cooperation during the past year, is ajsource of much gratification to me. T^am indebted to you for setting the Tempo. "#1 ~" You have my best wishes for a Eappy and prosperous holiday season Cnd New Year. / ~~~ \ *"* Sincere]^ § Honorable Marriner S. Eccles Federal Reserve System Washington, D. C.