The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
NO.1553 THE FNT S T N A T I O N A L B A N K OF PORTLAND PORTLAND, OREGON March 12th 19 4 7 Mr# Marriner Eccles, Chairman Board of Governors The Federal Reserve System Washington, D* C# My dear Mr« Eccles: I have just completed a study of your statements before the House Banking and Currency Committee on March i|.ttu Your entire analysis from the "problem of debt monetization" to the discussion of long term bonds "in the form of a non-marketable obligation of the Series G type* is so sound that I am -writing to commend you on such a fine presentation» Also, there are many of us bankers -who trust you will stay on the Board, especially during this transition in our debt program* RMC*pb March 19, 1947. Dear Mr. Colwell: This is to thank you for your thoughtful note of March 12 with regard to my testimony before the House banking and Currency Committee. I very much appreciate your generous comments* Sincerely yours, Mr. hussell M. Colwell, Vice President, The First National ¿ank, Portland, Oregon. 3gP:b
@FedFRASER