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PRESIDENT W . RANDOLPH BURGESS VICE C H A I R M A N OF BOARD THE N A T I O N A L CITY BANK N E W Y O R K 5, N . Y. V I C E PRESIDENT -RANK C. RATHJE, PRESIDENT C H I C A G O CITY BANK & TRUST C O . C H I C A G O 21, ILLINOIS TREASURER WILMER J. WALLER, PRESIDENT H A M I L T O N N A T I O N A L BANK W A S H I N G T O N 5.D.C. EXECUTIVE MANAGER HAROLD STONIER THE ECONOMIST W I L L I A M A. IRWIN AMERICAN BANKERS ASSOCIATION 3, ILL. W A S H I N G T O N OFFICE STREET, N . W . , W A S H I N G T O N 5, D.C. 719—15 ROBERT W . KNEEBONE C H I C A G O OFFICE EDGAR E. MOUNTJOY N A T I O N A L BANK DIVISION COMPTROLLER J. J. ROONEY J. E. DREW RATION COUPON BANKING COUNTRY BANK OPERATIONS COMMISSIO WALTER B. FRENCH STATE BANK DIVISION BANK MANAGEMENT C O M M I S S I O N CREDIT POLICIES C O M M I S S I O N POST WAR SMALL BUSINESS CREDIT C O M M I S S I O N GENERAL COUNSEL D. J. NEEDHAM SECRETARY A N D DEPUTY MANAGER MERLE E. SELECMAN A. G. BROWN AGRICULTURAL C O M M I S S I O N ERNEST M. FISHER SAVINGS DIVISION RESEARCH IN MORTGAGE A N D REAL ESTATE FINANCE 22 East 4O Street, New York \ 6,NY C H I C A G O OFFICE 105 W E S T A D A M S STREET, C H I C A G O DEPUTY MANAGERS JAMES E. BAUM INSURANCE A N D PROTECTIVE COMMITTEE W I L L I A M POWERS CUSTOMER A N D PERSONNEL RELATIONS February Z9 1945 Mr* Marriner S. Secies federal Reserve System Washington, D. C. Dear Mr* Socles: The Bretton Woods proposals will shortly come before Congress* Because they raise primarily banking problems, and as a contribution to their solution$ three major banking organizations in the United States have Joined in a thorough study of these proposals* In the attached report these groups make specific recommendations* They approve the objectives of Bretton Woods but suggest changes which they believe will make the plan more effective in achieving these objectives* Sincerely yours W* Rando P r e s i h Burgess d e n t
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