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THE UNDER SECRETARY OF THE TREASURY
WASHINGTON

Dear Marriner:
I am enclosing drafts of four letters which the
Secretary proposes to send within the next few days to
the Federal Reserve Banks, the commercial "banks, the
insurance companies, and to a list of large corporations.
These letters cover policy matters relating to the Fourth
War Loan that the Secretary wishes to "bring to the attention of the institutions and corporations addressed, I
should appreciate it if you could give me your reaction
to these drafts at your earliest convenience.
Sincerely,

Honorable Marriner S. Eccles
Chairman, Board of Governors of the
Federal Reserve System
Washington, D. C.

Enclosures

SE
BUY
UNITED
STATES
SAVINGS
BONDS
AND STAMPS




BOARD DF GDVERNDRS DF THE FEDERAL RESERVE SYSTEM

I
December 27, 1943•

MEMORANDUM
The attached drafts of letters were discussed this morning at a meeting in Ronald
Ransom's office, at which Mr. Tickton of the
Treasury (who brought over the attached
correspondence), Mr. McKee, Mr. Morrill, Mr.
Piser and myself were present. One letter
is to be sent to all banks, another to from
800 to 1000 large corporations, and another
to insurance companies.
A number of suggestions were made for
purposes of clarification, and Mr. Tickton
said he would also clear them with Allan
Sproul and Bob Rouse, at whose suggestion
they were originally drafted. He will
furnish us with copies of the final revisions when and if the Secretary, who is
at his farm in New York, signs them.




Elliott JPhurston.

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