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BOARD OF TRUSTEES PAUL G. HOFFMAN, Chairman President, The Studebaker Corp. South tend, Indiana WILLIAM BENTON, Vice Chairman Chairman ofthe Board Encyclopaedia Britannica, Inc. New York City MARION B. FOLSOM, Vice Chairman Treasurer,Eastman Kodak Co. Rochester, New York W. GIBSON CARET, JR. FRANK A. CHRISTENSEN Vice President The Continental Insurance Co. and Fidelity & Casualty Co. New York City W. L. CLAYTON Anderson, Clayton & Co. Houston, Texas CHESTER C. DAVIS President, Federal Beserve Bank St. Louis, Missouri MILTON S. EISENHOWER President, Kansas State College of Agriculture and Applied Science Manhattan, Kansas RALPH E. FLANDERS President, Federal Beserve Bank Boston, Massachusetts CLARENCE FRANCIS Chairman of the Board General Foods Corp. New York City WALTER D. FULLER President, Curtis Publishing Co. Philadelphia, Pennsylvania LOU HOLLAND President, Holland Engraving Co. Kansas Oty, Missouri CHARLES R. HOOK President, The American Rolling Mitt Co. Middletown,Ohio JAY C. HORMEL President, Geo. A. Hormel&Co. Austin, Minnesota REAGAN HOUSTON Industrialist and Merchant San Antonio, Texas SIC A. JOHNSTON President, Brown-Johnston Company c/o Chamber of Commerce of U. S. Washington,!). C. HARRISON JONES Chairman of the Board The Coca-Cola Company AHanta, Georgia FRED LAZARUS, JR. President, Federated Department Stores, Inc., and Vice President F. & JR. Lazarus Co. Columbus, Ohio THOMAS B. MCCABB President, Scott Paper Company Chester, Pennsylvania REUBEN B. ROBERTSON Executive Vice President The Champion Paper and Fibre Co. Canton, North Carolina HARRY SCHERMAN President, Book-of-the-Month Club New York City ROBERT GORDON SPROUL President, University of California Berkeley, California ELMER T. STEVENS President, Charles A. Stevens Co. Chicago, Illinois JOHN STUART Chairman of the Board The Quaker Oats Company Chicago, Illinois WAYNE C. TAYLOR President Vashington,D.C. SIDNEY J. WEINBERG Partner,Goldman, Sachs & Company New York City CHARLES E. WILSON President, General Electric Co. Schenectady, New York u. SCOTT FLETCHER Executive Director, New York City HENRY R. JOHNSTON Treasurer, New York CUy ELIZABETH H. WALKER Secretary,New York Oty HOWARD B. MYERS Associate Research Director Washington, D. C http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Committee for Economic Development 265 A£AJ>18 O2T AV£NUJ3 • Jt/JBW YORK 17, <M K April 8 f 1946 Mr* Marriner C. Bodes f Ctam. of Board of Governors, Fed* Res. System Boom 2046 Federal Reserve Bldg« Washington 25, D. 0* Dear Mr* Socles: Or. Harold D. Lassiell has recently completed a study, World Politics Faces Economics, for the GED Research damlttee. In this monograph Dr. Lassnell analyzes the impact of economics on political policies with particular reference to the future relations of the United States and Russia. Dr. Lassmll v s report is particularly timely. He sees the United States and Russia emerging as the world vs two major powers — the "bi-polar" powers — into whose orbits other nations will he drawn in their efforts to achieve security. He discusses the national aims of both countries and the significance for Russia of economic policies we may adopt in this country as we endeavor to maintain high level employment. You will, I believe, find this book of nnnsual interest. A complimentary copy is going forward to you under separate Sincerely yours, 6 Ru.ph E. Flanders CBairman, Research Committee
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