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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