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CABLE ADDRESS— BAMERICAL 13044 U S m t k NATIONAL a f S ^ H A W CFS Knttxxtvi ASSOCIATION SAN FRANCISCO HEADQUARTERS SAN FRANCISCO, CALIFORNIA A p r i l 3 , 1943• Mr. Laurence Clayton, A s s i s t a n t t o the Chairman, Board o f Governors, Federal Reserve System, Washington, D. C. Dear Mr. C l a y t o n : Please f i n d enclosed our expense check #12487 i n the amount o f #25.00 made payable t o your good s e l f f o r the p u r chase o f f l o w e r s f o r Mr* A. P. and Mr. L . M. G i a n n i n i . Thank you very much f o r t a k i n g care o f t h i s m a t t e r . I s i n c e r e l y hope t h a t you and the f a m i l y are i n the very b e s t o f h e a l t h . Kindest personal regards ! Very t r u l y ^ y o u r s . . Enclosure JMF:BP Fischer, Vice P r e s i d e n t ,