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G
E
Y
E
R &

CO.

INCORPORATED

63 Wall Street, New York 5, NY.
BOSTON
CHICAGO
CLEVELAND
LOS

ANGELES

SAN

FRANCISCO




February 13, 1951

Honorable Marriner S. Eccles
Federal Reserve Board
Washington, D.C.
Dear S i r :
I f a copy can be made a v a i l a b l e t o u s , we
should l i k e very much t o read t h e statement you made before
the J o i n t Committee on t h e Economic Report, i n November 19^7,
when you advocated l e g i s l a t i o n designed t o require t h e banks
t o c a r r y a " s p e c i a l reserve" equivalent t o a percentage o f
t h e i r deposits.
/
Very t r u l y yours

GG:ED

F e b r u a r y 1 9 , 1951.

Mr* George Geyer,
Geyer & Company, I n c . ,
63 Wall S t r e e t ,
Mew York 5> New York.
Dear Mr. Geyer;
I n accordance w i t h the request i n your l e t t e r of
February 13, Mr. Eccles has asked me t o forward you the f o l lowing ;
Statement of Chairman Eccles before the
J o i n t Committee on the Economic Report
on December 10, 1947.
Statement of Chairman Eccles before the
J o i n t Committee on the Economic Report,
Special Session of Congress, Nov. 25,
194.7, e n t i t l e d , "The Current I n f l a t i o n
Problem—Causes and Controls"
Statement by Chairman Eccles on Housing
before the J o i n t Committee on the Economic
Report, November 25, 194-7.
Very t r u l y yours,

Va Lois Egbert,
Secretary t o Mr. M. S. Eccles.
Enclosures