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Biff § n m m m t A m m m f w m 488 MADISON NEW Y O R K BRUCE E. S H E P H E R D , EUGENE JAMES HENRY P I K E , JR., R.GLENN, Director o f Investment Research Actuary A s s o c i a t e General Counsel January 25, W A L L I N G F O R D , A s s i s t a n t G e n e r a l Counsel ROBERT 2 2 , N.V. Manaqer J O H N V. B L O Y S , A s s i s t a n t G e n e r a l C o u n s e l E L D ON AVENUE. M. T H O R E , General Counsel J.O'LEARY, ALBERT of Amrriot B. C R A N E , 1951 Secretary M r . M a r r i n e r S. E c c l e s , B o a r d of G o v e r n o r s of the F e d e r a l R e s e r v e W a s h i n g t o n 25, D . C . Dear M r , System, Eccles: If i t i s available, I would appreciate very much r e c e i v i n g a copy of the t e s t i m o n y y o u gave b e f o r e the J o i n t C o m m i t t e e on the E c o n o m i c R e p o r t on T h u r s d a y , J a n u a r y 25. Sincerely yours James J. O f L e a r y D i r e c t o r of I n v e s t m e n t JJO!L-IH » y/L* i - 4 Research J a n u a r y 2 9 , 19$X* M r . James J * 0 * L e a i y , D i r e c t o r o f Investment Research, L i f e Insurance Association o f America, 488 Madison Avenue, Sew l o r k 2 2 , l e w f o r k . Dear M r * G f L e & r y * I n accordance w i t h j o u r r e q u e s t o f J a n u a r y 2 5 , M r . E c c l e s faaa asked me t o send y o u h e r e w i t h a copy o f h i s S t a t e m e n t b e f o r e t h e J o i n t C o i m i t t e e o n t h e Economic R e p o r t o f J a n u a r y 2 5 , 1951* Very t r u l y yours, O f f i c e o f Governor M. S . Mm Eccles. M^t§mummt 488 MADISON NEW V O R K BRUCE E. S H E P H E R D , EUGENE JAMES AVENUE. 2 2 , N .V. Manaqer M . T H O R E , General Counsel J.O'LEARY, ALBERT HENRY nf Amrrtra A»Bmmtmn P I K E , JR., R.GLENN, Director of Investment Research Actuary A s s o c i a t e General Counsel J O H N V. B L O Y S , A s s i s t a n t G e n e r a l C o u n s e l E L D ON ROBERT W A L L I N G F O R D , A s s i s t a n t G e n e r a l Counsel B. C R A N E , S e c r e t a r y F e b r u a M r . M a r r i n e r S. E c c l e s , B o a r d o f G o v e r n o r s of the F e d e r a l R e s e r v e W a s h i n g t o n 25, D . C . Dear M r . r y 1 , 1 9 5 1 System, Eccles: If they are available, I would appreciate receiving f i f t e e n copies o fyour statement p r e s e n t e d on J a n u a r y 2 5 b e f o r e the J o i n t C o m m i t t e e o n the E c o n o m i c Sincerely Report. yours, les J . O ' L e a r y D i r e c t o r o fInvestment JJO'L-IH . Research