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TREASURY DEPARTMENT OFFICE OF COMPTROLLER OF THE CURRENCY BANK EXAMINER Post Office Box 1581 Waco, Texas October 5, 19h3 Mr# Marriner S. Eccles Chairman of the Board of Governors Federal Reserve Board Washington, D. C. Dear Mr# Eccles: In the American Banker of September 18, I read the detailed report of your address before that Nat ional Association of State Supervisors of State banks. Indeed, I like your long-range, clear, and practical ideas on banking, etc# It is regrettable that your ideas •were not incorporated in the laws enacted in 1933 and 193$, •while most all interested parties would have accepted themj now many m i l protest such changes in our banking system. "Necessity” is the greatest mother of invention. Too many of us wait for a "necessity" before acting. We close too many doors after the horse gets out#
@FedFRASER