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REPLYING PLEASE REFER TO

Department o f f i n a n c i a l
and BusizB ss Research

M r . M a r r i n e r S# E c c l e s ,
Board o f Governors
o f t h e F e d e r a l Reserve System,
Washington, D . C#
Dear M r . E c c l e s :
I would g r e a t l y a p p r e c i a t e i t
i f I m i g h t r e c e i v e a copy o f t h e t e s t i m o n y
g i v e n by y o u r e c e n t l y b e f o r e t h e Congress i o n a l Committees i n Washington.




Thank y o u v e i y much.
Sincerely yours,
B* H . B e c k h a r t
D i r e c t o r o f Research

AUgU&t Ik., 1948.

M r . B. H. B e c k h a r t ,
D i r e c t o r o f Research,
The Uiase N a t i o n a l Bank,
P i n e S t r e e t Corner o f Nassau,
New York 1 5 , New Y o r k .
Dear S i r :
T h i s i s t o acknowledge y o u r r e q u e s t
o f August 10 f o r a copy o f M r . E c c l e s 1 t e s t i m o n y
b e f o r e t h e C o n g r e s s i o n a l Committees.
M r . E c c l e s appeared b e f o r e b o t h t h e
Senate and House Banking and Currency Committees
b u t as he had no p r e p a r e d statement b e f o r e e i t h e r
committee, no c o p i e s o f h i s t e s t i m o n y w i l l be
a v a i l a b l e u n t i l t h e h e a r i n g s a r e p r i n t e d by t h e
committees.
Very t r u l y

yours,

S e c r e t a r y t o M r . M. S. E c c l e s .