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GHEMICAL BANK & TRUST COMPANY 165 B K O A D W A Y JSCETW YORK: N.BAXTER JACKSON CHAIRMAN February 13, 1951 Mr. Marriner S. Eccles Board of Governors Federal Reserve System Washington, D. C* Dear Mr. Eccles: In Mr. Jackson's absence from the bank, this will acknowledge your letter of February 7th enclosing statement by the Department of Economics of the University of Chicago. Mr. Jackson is expected to return to his office shortly and your letter and enclosure will be brought to his attention at that time. Very truly yours, Secretary to Mr. Jackson