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CABLE

ADDRESS—

BAMERICAL

SAN FRANCISCO HEADQUARTERS

SAN FRANCISCO, CALIFORNIA

September 1 5 , 1939

Honorable M a r r i n e r S* Eccles
Chairman o f t h e Board o f Governors
F e d e r a l Reserve System
Washington, D . C.
Dear Governor E c c l e s :
A t t h e r e q u e s t o f Mr. A . P . G i a n n i n i ,
I am sending t o you h e r e w i t h copy o f a l e t t e r
addressed by t h e Board o f D i r e c t o r s o f Bank o f
America H.T# & S . A . t o t h e C o m p t r o l l e r o f t h e
C u r r e n c y , under d a t e o f September 1 2 , 1939.
I am a l s o e n c l o s i n g f i v e a d d i t i o n a l
c o p i e s o f t h e l e t t e r , which Mr. G i a n n i n i would
a p p r e c i a t e your h a v i n g d i s t r i b u t e d among t h e
o t h e r members o f y o u r Board, i n case y o u b e l i e v e
t h a t t h i s i s the appropriate thing t o do.