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HARRY FLOOD BYRD, V A . , CHAIRMAN
JOSEPH
RC * INSON, A R K .
J O S E P H C . O1
'.HONEY, W Y O .

CHARLES L . MC NARY, ORE6.
JOHN G . T O W N S E N D , J R . , D E L .

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SELECT COMMITTEE ON INVESTIGATION OF
EXECUTIVE AGENCIES OF THE GOVERNMENT

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January 1 4 , 19 37 .b
Honorable Marriner S . Eccles, Chairman,
Board of Governors of the
Federal Reserve System,
Washington, D . C .
My dear M r . Eccles:
h part of the first chapter of the Brookings
Institution report to the Senate Select Committee on
Investigation of the Executive Agencies of the Government is enclosed. Part three of this chapter, embracing
recommendations relative to agencies termed as "supervisory" in this the financial field, as covered by the
report, is not yet available, but will be sent to you
immediately upon its receipt.
By action of the committee in its meeting
of January 14, hearings will be held on the entire
first chapter during the week beginning January 25.
The specific date has not yet been set, but we w i l l
be pleased to notify you upon indication t h a t you or
your representatives would like to appear for a discussion
of the recommendations at the beginning. We shall have
to confine appearances before the committee to persons
who have indicated before January 22 a desire to testify.
The committee would like to emphasize the
fact that this report is from the Brookings Institution
to the committee for its consideration, and is not to
be regarded as the sense of the committee.




With best wishes, I am
Cordially yours,