The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form P. R. 511
TO
FROM
REMARKS:
CHAIRMAN'S OFFICE
©
FILE
ADDRESS ' .TlCIAL COMMUNICATIONS TO
THE J'ECRETARY OF STATE
f
WASHINGTON S3, D; C J
DEPARTMENT OF STATE
WASHINGTON
January 5, 1948
In reply refer to
OA
Deer Mr. Eccles:
It gives me greet pleasure to forv/ard to you e.
communication from the Secretary General of the
United Nations, advising you of your appointment as
a member of the Investments Committee of the United
Nations. It is hoped that you will be able to serve
on this Committee, ?/hich our Government considers of
great importance.
Sincerely yours,
For the Secretary of State:
A-«
Dean Rusk
Director
Office of Special
Political Affairs
Enclosure:
c
Coaimunication from Secretary
General of the United Nations.
\ j. Burke K
Mr. Marriner S. Eccles, Chairman,
Board of Governors of the Federal Reserve System,
Washington 23, D.C.
iON
BOARD DF GDVERNDRS
OF THE
FEDERAL RESERVE SYSTEM
Office Correspondence
To_
Chairman Eccles
From.
J> Burke Knapp
I
Date
February 10, 1948
REC'D IN FILE S
TION
Subject:.
1348
The attached correspondence, which only reached my hands yesterday, seems to me to require a very early response and to involve some
troublesome questions. It relates to your nomination by the General Assem
bly of the United Nations as a member of the Investments Committee responsible for advising the Secretary General of the United Nations regarding
the investment of staff pension funds and other funds belonging to that
organization.
I hope to have an opportunity of talking to you about this
this afternoon.
Attachments
CA'y.E ADDRESS: UNATIONS NEW YORK
UNITED
ADRESSE TELEGRAPHIQUE: UNATIONS
N A T I O N S
N A T I O N S
LAKE SUCCESS, NEW YORK •
REFERENCE:
U N I E S
FIELDSTONE 7-1100
AF I 02
26 January 1948
Mr. liarriner S. Eccies
Chairman of the Board of Governors
Federal Reserve System of the United States of America
Washington 25, D. C.
Dear Mr. Eccies:
Your colleagues in the investment committee, LIr. Ivar
Rooth, President of the Bank of Sweden, and Ur« Jacques Rueff,
Honorary Governor of the Bank of France, have sent us their
suggestions as to the date of the meeting of the investment
committee. Mr. Rooth would be available as from 20 February,
but Mr. Rueff has stated that he cannot come to New York till
the second week in April when he is coming to the United Nations to attend the Conference on Economics and Employment.
It is my feeling that the discussion can wait till the
second week of April and I am, therefore, cabling Mr. Rooth
and writing to Mr. Rueff to ask them if such a date is convenient to them. Would you please let me know if this date would
also be convenient to you so that I can make arrangements for
the meeting accordingly./.
Sincerely yours,
y
ByroTi Price
Assistant Secretary-General
for Administrative and Financial Services
REC'D"
UNITED
;;:-T.,ri
N A T I O N S
N A T I O N S
U N I I S
LAKE SUCCESS, NEW YORK • FIELDSTONE 7-1100
REFERENCE:
A F : C2
6 February 192(8
Dear Mr. Eccles,
In reference to my l e t t e r of 26 January 1948 regarding
the choice of a date for the Investment Committee meetings,
I would like to inform you that Mr. Rooth has cabled me his
preference for a meeting on or about 19 April 1948•
I would therefore suggest that the date of your meeting
be set tentatively on 19 April 1948* I 8m seeking today the
approval of Mr, Rueff and Mr, Rooth.
Would you please l e t me know if the date of 19 April 1948
for the f i r s t meeting of the Committee would also be convenient
to you so that I can make arrangements accordingly./.
"Very truly yours,
Byron Price
Assistant Secretary-General
for Administrative and Financial Services.
Mr. Marriner S. itecles,
Vice Chairman,
Board of Governors
of the Federal Reserve System,
Washington 25, B.C.
-
TfLEGRAMME: UNATIONS NFW Y6Rfc
CABU ADDRESS: UNATIONS NEW YORK
BOARD OF GOVERNORS
DF THE
DERAL RESERVE SYSTEM
Office Correspondence
To
Mr. T hurst on
From
Mr. Knapp
Date February 18, 1948
Subject:
I have finally had an opportunity to discuss with Chairman Eccles the
question of his membership on the United Nation Advisory Investments Committee.
It appears that he did after all accept this nomination before it was
made (see attached correspondence which has been sent to me by Miss Egbert, and
which I suggest you return to her after perusal) •
After discussing the matter with me, however, the Chairman began to
feel some doubts. He is going to talk to Allan Sproul to see how he feels about
it and whether he (Mr. Sproul) would have any objection to Bob Rouse serving
as the Chairman^ alternate in this capacity.
Attachment
iEC'D IN FILES SECTION
FEDERAL RESERVE BANK
OF N E W YORK
NEW YORK 45, N. Y.
February 19, 194-8
Honorable M. S. Eccles
Board of Governors of the
Federal Reserve System
Washington 25, D. C.
Dear Marriner:
I have ascertained that Les Rounds will be glad to attend the
meeting of the Investment Committee of the United Nations on April 19,
194-8, as your alternate, if you wish him to do so. After he has found
out what is involved you will, as you said in our telephone conversation yesterday, be better able to determine whether you want to continue your connection with this body.
Yours faithfully,
f
TILES
Burke
REC'D IN F.itiE • S a TION
February 25, 1948,
Mr. Dean Rusk, Director,
Office of Special Political Affairs,
Department of State,
Washington 25, D. C.
Reference OA
Dear Mr, Husks
I have been in correspondence vith Mr. Byron
Priee concerning the first meeting of the United H&tions
Investments Cosssittee and I am enclosing for your information a letter vrdeh I ha^e today addressed to Mr. Price
suggesting that Mr* L. E. Boiuads, First Vice President of
the Federal Reserve Sank of Sew York, attend the meeting
as my alternate.
Very truly yours,
M« S. Ecelee,
Chairman pro tern.
closure
25, 1
Mr* I*. &« Bounds, first
President,
Federal Reserve Bank of Sew fork,
Hew York 45, Hev York.
Dear Mr.
Mr # Sproul informed ae in hla letter of February 19, 194-S that you would be glad to attend a seating
of the Uait#d Sa-tlotats- laT@gtm#nt« Coaiaitte© on April 19
as sy alternate, I would greatly appreciate it if you
would do this, and aa enclosing a letter which I addressed
today to Mr* Byron Price proposing thi# arrangement•
Sincerely yours,
. S. Secies,
l i m a pro tea*
Enclosure
FT
REC'D IN FILES SECTION
February 25, 1943*
Mr. Byron Price,
General for
Services*
United Sattons.
References
Secretary-
•at Financial
A?iC2
Many thanks for jmr l e t t e r s of January 26 and February 6, 1948 regarding arrangements for the f i r s t meeting of
tfe« faittd ff&tlsss laYeirtiJM8tt# Cemmlttee^ which
tentatively for ^pril 19, If4t*
I eji not gure vhether I ¥©uld b« available at th&t
, bat I hftTe &»c®rtain@4 that Mr» U E, £ouods» First Vie©
President e£ the F#i©ral Re»erre Bnisk of lew fork, eouid a t tend tii® meeting as wj alternate* Wtm Rounds i s highly
qualified to perform tlM aarriee vhich is expected of ussufoere
of tlae Cksaaltt«E«« §M would keep m® informed of developments.
If thie arr«sg;em®nt vould be sati#JTftctory to you, I suggest
that you get in touch with kiss to mak* definite
for the
yours.
M. S. Eceles,
:ala
FOE PILES
Knapp
FEDERAL RESERVE BANK
OF NEW
YORK
February 26, 194-8.
Mr. H« S. Eccles, Chairman pro tem
Board of Governors of the
Federal Reserve System
Washington 25, D. C.
Dear Mr. Eccles:
This will ackno?/ledge your letter of February 25, 194-8,
I shall be glad to attend the meeting of the United Nations
Investments Committee on April 19 as your alternate, and will
report to you thereafter.
With kindest regards,
Sincerely yours,
L. R. Rounds
First Vice President
ICTORY
BUY
UNITED
STATES
JVAR
DNDS
{STAMPS
AKD
UNITED NATIONS
-
NATIONS IJNIES
LAKE SUCCESS, HEW YOHK
26 February 19I+8
Reference:
201-2-7-2
Mr. Marriner S. Eccles
Vice-Chairman of t h e Board of Governors
Federal Reserve System of t h e
United S t a t e s of America
Washington 2 5 , D. C.
Dear Mr. E c c l e s :
In connection with t h e f i r s t meeting of t h e
Investments Committee t o be held in A p r i l n e x t , I enc l o s e , f o r your information, a statement covering
p a r t i c u l a r f e a t u r e s of the Provident and Pension Funds
and a p r e l i m i n a r y a n a l y s i s of t h e procedural and investments p o l i c y .
Statements as t o t h e purposes and p o s i t i o n of
various endowment funds, such as t h e Library Endowment
Fund, w i l l be forwarded t o you i n due c o u r s e .
Yours very t r u l y ,
(Signed)
Byron P r i c e
A s s i s t a n t Secretary-General
Administrative and F i n a n c i a l Services
P.S.
The f i r s t meeting of t h e Investments Committee w i l l
be held on Monday, 19 A p r i l , a t 10:00 A.M. a t Lake
Success. Could you l e t us know i f you wish a h o t e l
r e s e r v a t i o n made f o r you?
Enclosure
@FedFRASER