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THE INTER-STATE NATIONAL B A N K cJ&mjoj /£, (Eg® CAPITAL SURPLUS U N D I V I D E D PROFITS RESERVE - $ $ $ $ 1,250,000.00 1,250,000.00 1,250,000.00 400,000.00 February 17, 1951 DAVID T. BEALS Mr. Marriner S. Sccles Board of Governors of the Federal Reserve System Washington, D. G. My dear Mr- Eccles: I wish to thank you very much for your letter of the 7th, enclosing copy of statement by the Department of Economics of the Universily of Chicago which I will read with interestWith kind regards, I remain Very sincerely, KEBiBH
@FedFRASER