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^•aoo^ BOARD OF GOVERNORS or THE FEDERAL RESERVE SYSTEM WASHINGTON June 20, 1951- ^Ofl^oi** My dear Mr. President: It is now more than 17 years since I came to Washington to engage in a public service that I fully intended and expected would be of comparatively brief duration. A succession of events, including the war period and the special problems of its aftermath, led me to stay on. It has been a great honor and privilege to serve my country for so many years, but I now feel the time has arrived when I can and should return to my home and private business affairs in the West. Accordingly, I am submitting herewith my resignation as a Member of the Board of Governors of the Federal Reserve System to be effective as of July 15, 1951. Respectfully, M. S. Eccles. The President, The White House.