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FEDERAL RESERVE BANK OF NEW YORK 7 September 15, 1%5* Hon. Marriner S. Secies, Chairman, Board of Governors of the Federal Reserve System, Washington 25> D»C« Bear Marriner: In this morning1 s TIMES there is a despatch from Washington stating that you have written to the chairmen of the committees of both houses of Congress, considering President Truman's program for reorganization of the executive branch of the government, to the effect that 1 1 the Federal Reserve Board wants to reorganise11 and that "the Board had not previously requested and does not now wish exemption from the opera* tion of such a measure.11 Inasmuch as this is a matter" of vital interest to the Federal Reserve Banks as well as to the Board, I hope that you can send me a copy of your letter, together with some background of the Board's thinking on the matter* lours sine
