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Sears,Roebuck and CoExecutive Offices
Chicago
R.E.Wood
President




February 16, 1937«

Hon. If* S* Eccles, Chairman,
Board of Governors of the
Federal Reserve System,
Washington, D. C*
Dear Mr
This will acknowledge, in
General Woodfs absence, the receipt of
your letter of February 15th. He will
be back the beginning of next week and
it will be held for his attention at that
time.
Very truly yours,

Secretary to R* E. Wood.