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J . F. KENNEDY, PRESIDENT NEW HAMPTON HARRY W. SCHALLER, RETIRING PRES. STORM LAKE C. K. CULLINGS, VICE PRES. AND TREAS. EXIRA FRANK WARNER, SECRETARY DES MOINES FOUNDED 1687 MEMBERSHIP APPROXIMATELY 660 IOWA BANKS DES MOINES 9 OFFICE OF THE SECRETARY 430 LIBERTY BUILDING PHONE 3-0179 August 3rd, 1950. Mr. Marriner S. Eccles, Member, Board of Governors, Federal Reserve System, Washington, D. C. My dear Mr. Eccles: We have read an excerpt of a statement made "by you with respect to "Pension Funds Held Undesirable", What we have read about i t seems to coincide with our own personal views and I would l i k e to get the f u l l statement as you may have made i t . We have checked a number of the Federal Reserve Bulletins, but have been unable to find any reference to your Pension Statement. If you have a copy that you could send us we would appreciate i t or i f you. can t e l l us where we can obtain a copy I w i l l be g r a t e f u l . If there i s any expense involved, please l e t u s know and we will remit promptly. With our sincere thanks and with kind regards always, we are Yours very cordially and sincerely, Secretary, FW Id via a i r mail August 7j 19>0. lir« FroxiK earner, Secretary* Io*a bwuikcrt Association| Office ox the Secretary t 4>j Liberty Building, lies Koines 9, Iowa. Dear Mr. «-arner: 1 urn pleased to note frosi your ieuter of August 3 that you approve of ray views on pension funas. Several nontas ago 1 auide an off-the—record speech before the uaio college £>rotip« it was not publi.6hed. I discussed social security ci.s one aspect of it. In replying to a letter from Senator Cain relative to social securityj I quoted froa that speech and lay reply appeared In the Congressional fi*cord. lir. Viilcox, who wrote an article appearing in The Hoosier Banker, oust have gotten his Information from that letter. I attg therefore, enclosing a copy of ay letterto Senator Cain. Very truij yours, U. 3. Kcclee. Enclosure
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