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THE WHITE HOUSE WASHINGTON January 20, 1938 MEMORANDUM FOR: Honorable Marriner S, Eceles, Chairman, Board of Governors of the Federal Reserve System, My dear Mr, Chairman: In connection with the banking legislation which you expect to discuss at luncheon tomorrow with the President, I thought you would like to know that he has in mind doing much of what you have suggested under the Reorganisation Bill without new legislation. This is for your inforiaation before you talk with the President, Very sincerely yours, JAMES ROOSEVELT ecretary to the President
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