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C H IC A G O D IS T R IC T ILLINOIS BANKERS ASSOCIATION Group One P R E S ID E N T G E O R G E R. B O Y L E S , MERCHANTS NA TIONA L BOARD OF GOVERNORS H. S. F R E N C H , P R E S ID E N T B A N K IN C H I C A G O V IC E -P R E SID E N T EUGENE W . KASPAR, P R E S ID E N T F IR S T N A T IO N A L B A N K O F C IC E R O M IL W A UKE E CHICAGO T. H. GOLIGHTLY, P R E SID E N T 106 WEST MONROE STREET M A D IS O N -C R A W F O R D N A T IO N A L B A N K WILLIAM H. MILLER, V i c e - P r e s i d e n t C IT Y N A T I O N A L B A N K A N D T R U S T C O M P A N Y TREASU RER FRANK C . RATHJE, P R E SID E N T BARTHOLOM EW O’TOOLE, P R E S ID E N T C H IC A G O C IT Y B A N K A N D T R U S T C O M P A N Y P U L L M A N T R U S T A N D S A V IN G S B A N K EX ECU TIVE SE C R E T A R Y P A ST P R E SID E N T SUE E. DOW NING JOSEPH R. FREY, P R E SID E N T TELEPHONE CEN TRAL 2 4 0 5 P R E S ID E N T A V EN U E NA TIONA L BA NK L A K E S H O R E T R U S T A N D S A V IN G S B A N K October 21, 1941 Mr. Marriner S. Eccles, Chairman Board of Governors Federal Reserve System Washington, D. C. Dear Mr. Eccles: Our members, especially our Board of Governors, have repeatedly expressed their appreciation of your address last Wednesday night. We well realize that to take the time out of your busy and useful life to make a talk is a real sacri fice and we are sincerely grateful to you for your courtesy as well as to Mr. Szymezak for his intervention. I do believe, however, that talking face to face with these officials of the moderately sized banks with their numerous contacts, is very important, especially here in the Mid-West. Perhaps for that reason we can justify ourselves in so persistently urging you to be our guest in spite of your many responsibilities. As I promised, I am sending Mr. Clayton a copy of the transcript of your speech which has just been delivered to us. It was a real pleasure as well as an honor to have you with us. Cordially yours, SEDsS October k&, 1941. Dear Miss Downing: This is to acknowledge and thank you for your thoughtful letter of October 21 in which you ex pressed the appreciation of your Board of Governors and the members of the Chicago District Illinois Bankers asso ciation for my recent address before them, while it is no pleasure for me to deliver a talk of that kind, particular ly in these serious times, I enjoyed meeting the members of your Association and I appreciated the fine attention I was accorded during my address. May I add that I appreciated very much your invitation to join you and a small group of your mem bers following the dinner for a more informal visit. This would have been very pleasant except that I was quite tired from a rather heavy three-day schedule just ended. You will recall that I asked for a rain check at the time, and I trust that on some future occasion, I can avail my self of this deferred pleasure. Mr. Clayton has advised me of the receipt of the transcript of my talk for which also accept my thanks/ Yours sincerely, M. 3. Eccles, Chairman. Miss Sue £. Downing, Executive Secretary, Chicago District Illinois Bankers A s s o c i a t i o n Chic&go, Illinois. LC cm