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February 1 1 , 1946* Honorable J. William Fulbright, United States Senate, Washington, D. C* Dear B i l l : I have found upon checking v&th the staff here that you have not yet been sent the ©aterial #hich I projsisad you on the British loan* I : am very sorry for this delay. I && enclosing (1) & copy of & speech *«shich X snede last Saturday on this subject} (2) a copy of & confidential mmorBXidxm which I ©ent out last month to the Presidents of the Reserve Banks, md (3) a copy of an article which appeared i n the January issue of the Federal Reserve Btilletin» I hope that this is&terial will be helpful to you when this matter comes before your Coss&ttee* Sincerely yours, (Signed) M. S. Eccles U* S. Eccles, Chairaan. Enclosures 3 JBStttl* JAMES E . MURRAY, DAVFD I. W A L S H , MASS. A L B E R T D . THOMAS, UTAH CLAUDE P E P P E R . F L A . A L L E N J. ELLENDER, L A . LISTER H I L L , A L A . MONT,, CHAIRMAN ROBERT M . L A FOLLETTE, JR., W I S . ROBERT A . T A F T , OHIO GEORGE D. AIKEN, VT. JOSEPH H . B A L L . MINN. H. ALEXANDER SMITH, N. J. WAYNE L . MORSE, OREG. FORREST C. DONNELL, MO. 1ilCnU«b OLIN D. JOHNSTON, S. C. J. W . FULBRIGHT, A R K . ^cnaie COMMITTEE ON EDUCATION A N D LABOR CHARLES A . MURRAY, CLERK PAUL S A M P L E . A S S T . CLERK February 14th, 1946 Mr.Marriner S. Eccles, Chairman. Board of Governors, Federal Eeserve System, Washington, D, C* Bear Marriner: Thanks so much f o r sending me the material on the British loan. As soon as I finish the speech I am working on at the moment, I am going to get into this and try to work up a statement f o r the f l o o r of the Senate. Many thanks JOTspn