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Mr* Stoddard wrote to Mr* Clayton requesting twelve copies of the Chairman’s address, which were mailed on 3/23/1x3 • meb • '' ¡ » t M T - M ic h ig a n Na t io n a l B a n k B a t t l e Cr e e k Ma r s h a l l F l in t Gr a n d R a p i d s P ort Hu r o n La n s in g Sa g i n a w Lansing ,M ichigan H . <J. S t o d d a r d P r e s id e n t September 22, 1943 Mr. Marriner S. Iccles Chairman, Board of Governors Federal Reserve Bank Washington, D. C. Dear Marriner: I read with considerable interest in the American Banker, tinder date of September 18, a summary of your views on the banking system, as given to the supervisors of State banks at their meeting in New York City. I wish to congratulate you upon the concise and courageous manner in which you have attacked this problem. It is one of the first straightforward talks on this subject by an important government official in many years, and I think will go further than you probably surmise in pioneering a change that is inevitable under modem economic conditions. With kindest personal regards, I remain urs HJS:M
@FedFRASER