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FEDERAL RESERVE BANK
OF BOSTON
RALPH E. FLANDERS




Honorable Marriaer 6* Eccles,
Board of Sovernors of the Federal Reserve System,
Washington 25, D» C*
Dear Marrinert
Thank: you for yours of the 2nd and its
enclosures, lrtiioh seen to be a sufficiently
clear exposition of the character, operation
and effects of the Wagner-Spence Bill*
Tour letter to Jules Bogen is most eon•ineing*
Sinoerply yours,

/let