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FISHER AND COMPANY IN C O R P O R A T E D FISH ER BUILDING DETROIT, MICHIGAN Fe b r u a r y 24, 1939« M r . M a r r i n e r S. E c c l e s , C h a i r m a n , Bo a r d o f G o v e r n o r s o f t h e Fe d e r a l Re s e r v e S y s t e m , Fe d e r a l R e s e r v e Bu i l d i n g , W a s h i n g t o n , D. C. Dear Mr . Ec clessWOULD YOU BE KIND ENOUGH TO FAVOR US WITH C OPIES OF THE ANNUAL REPORTS OF THE BOARD OF GOVERNORS of the Fe de ra l R eserve Sy s t e m for the 1537 years and 1938. I the other Detroit were had day and most I the pleasure given before want you of hearing Ad dress your T he Ec o n o m i c Cl u b to know that i n t e r e s t i n g , as well as your of comments instructive. t AM INCLINED TO THINK THAT THE CLUB AS A WHOLE GREATLY APPRECIATED THE VERY FIN E AND E F F E C T I V E MANNER IN WHICH YOU DISCUSSED PROBLEMS WHICH WERE TAKEN UP FOR CONSIDERATION BEFORE THE C L U B . W YOU ith my best personal Ve r y HSsLW regards IN ADVANCE FOR THE ABOVE FAVOR, truly and thanking I REMAIN yours, March 1, 1939* Mr. Harold E. Sweeney, Statistical Division, iisher and Company, *isher Building, Detroit, Michigan. Dear Mr. Sweeney: In accordance with the request in your letter of February ¿4, 1939» I enclosing copies of the Board’s Annual fteports for 1937 «»nd 1938. Your very kind comments on my recent talk before the Economic Club of Detroit are gratifying and I appreciate your courtesy in tell ing nie of the general reaction to this discussion of complex, and frequently highly controversial, economic problems. Sincerely yours, M. S. Eccles, Chairman. Enclosures 2 ET:b