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F e b r u a r y 1 3 , 1951. M r . Samuel W. L e v i n e , 295 Frances S t r e e t , Teaneck, New J e r s e y . Dear M r . L e v i n e s I a p p r e c i a t e y o u r t h o u g h t f u l n e s s i n w r i t i n g t o me on F e b r u a r y 7 , e x p r e s s i n g a d e s i r e t h a t I s t a y on t h e j o b as a member o f t h e Board. F o r y o u r i n f o r m a t i o n , P r e s i d e n t Truman had n o t h i n g w h a t e v e r t o do w i t h my appointment as a member o f t h e Board o f Governors o f t h e F e d e r a l Reserve System. Presid e n t R o o s e v e l t r e a p p o i n t e d me as a member o f t h e Board on F e b r u a r y 1 , 1944-* f o r a t e r m o f 1U y e a r s , and t h e r e f o r e my t e r m does n o t e x p i r e u n t i l F e b r u a r y 1 , 1958. The Chairmanship o f t h e Board runs f o r a f o u r - y e a r p e r i o d and my t e r m as Chairman e x p i r e d on F e b r u a r y 1 , 194-8, and a t t h a t t i m e P r e s i d e n t Truman a p p o i n t e d Mr. Thomas B. McCabe as a member o f t h e Board and d e s i g n a t e d him t o s e r v e as Chairman. T h i n k i n g t h a t y o u m i g h t be i n t e r e s t e d i n r e a d i n g t h e f u l l t e x t o f t h e statement I made b e f o r e t h e J o i n t Committee on t h e Economic Report on January 25 i n i t s h e a r i n g s on t h e P r e s i d e n t ' s Economic Program, I am enc l o s i n g a copy o f i t h e r e w i t h . Sincerely yours, M. S* E c c l e s Enclosure MSE:VE;dls F e b r u a r y 20, 1951. Mr. Samuel W. L e v i n e , 295 Frances S t r e e t , Teaneck, New J e r s e y . Dear Mr. L e v i n e : I n accordance w i t h t h e r e q u e s t i n y o u r l e t t e r o f F e b r u a i y 15, Mr. Eccles has asked me t o f o r w a r d t o y o u h e r e w i t h two c o p i e s o f h i s s t a t e ment o f January 25 b e f o r e t h e J o i n t Committee on t h e Economic Report i n i t s h e a r i n g s on t h e P r e s i d e n t ' s Economic Program. Very t r u l y y o u r s , Va L o i s E g b e r t , S e c r e t a r y t o Mr. M. S. E c c l e s . Enclosures VE:dls
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