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THE UNDER SECRETARY OF TH E TREASURY mmi WASH INGTON FEB 3 1943 Dear Mr. Eccles: We are preparing the attached statement and furnishing it to you and Mr, Piser* It is all that remains from our old statement showing daily market quotations, and you end Mr. Piser are the only ones for whom it is now prepared. I "believe you get most of the data from sources in your Board. I would like to eliminate the preparation of this statement but will continue to furnish it to you if you have need for it* Will you let me know what your wishes are in the matter. Very truly yours, Under Secretary of the Treasury. Honorable Marriner S. Secies Chairman, Board of Governors of the Federa.1 Heserve System * Federal Heserve Building Washington, D, 0. Enclosure* CONFIDENTIAL )NF January 28, 1943 1. CALL MONEY: Opened . Renewalo High . . Low . . . . Closed . . X % Average . . all I % all day Loaned . . . . on floor - none Loaned .... Loaned outside cu .,vailatle at l Unloaned . . . in supply at 1 %• Condition of Stock Market at close: near Mjhfe Compared with previous day's olote: slightly higher* Trend of Stock Market: lrrogolar M\6 fairly active. Stock Market sales: 990,000 shares: Time Money: 30-60-90 cays 1; % noainal; 4-5-6 months ij % nominal* 2. DEPOSITS: In Federal Reserve Banks Free Gold in the Treasury Special Depositaries $ Total Jan. 27, 1943 . . . . Call of Jan. 23, eb. 1, l f M3 m 122f35*:,0U0 8,/»0,000 6*237.^3.000 (6,368,195.000 none GOLD IMPORTS AND EXPOBTS (NET) Jan, 27, 1943 Jan* 1 to 27, 1943 none s/ 40,577.000 Nvt a/ »'eekj 1/21 to 1/27/43 includes additional earmarks of 12,706,000 and additional releases of ;!2B1,GOO not previously reported* February h, 19U3- Honorable Daniel W. Bell, Under Secretary of the Treasury, Washington, D. C. Dear Dan: fhia is to acknowledge your letter of February 3 * n regard to the statement showing daily market quotations and stating that Mr. Piser and I are the only ones for whom this statement is now prepared. I have checked with Mr. Piser and find that he will be able to furnish me with the information given in this statement, so it will not be necessary in the future for you to send it to either one of us. Sincerely yours. M. S. Eoclea, Chairman.
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