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NATIONAL ASSOCIATION or REAL ESTATE BOARDS COMMITTEE O N REAL ESTATE FINANCE CHAIRMAN: E D W A R D A . M A C D O U G A L L CARK: THE QUEENSBOROUGH CORPORATION 2STH STREET AND POLK AVENUE JACKSON HEIGHTS, NEW YORK CITY TOWNLEY CULBERTSON . . . KANSAS CITY ROBERT G. MERRICK, BALTIMORE LOUIS G. PALMER DETROIT ALFRED H. WAGG . PALM BEACH . ELIZABETH, N . J . WM, M. WEST . . . PHILADELPHIA J. KINGSLEY POWELL December 10th, 1935. Mr. Marriner 8. Eccles, Federal Reserve Board, Washington, D. 0 # Dear Mr. Eccles: There is enclosed herewith a copy of a letter addressed to Mr. Stewart McDonald, Federal Housing Administrator, which I have written at his request to him and which expresses the views of the National Association of Real Estate Boards with respect to a Federal Mortgage Bank. I hope you will be good enough to read this and give consideration to our point of view in any plans that are developed by the Administration on this subject. S ince re EAMacD:R (Enclosure) our s Chairman / Committee on Real Estate Finance, National Association of Real Estate Boards