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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.