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June 28, 1935- Mr* Horace &ussell, General Counsel, Federal Home Loan Bank Board, Washington, D. C. Dear Mr. Russell: I appreciated receiving your letter of June 13th. I am glad to know that you have taken time to read the summary of my statements on the banking Bill of 1935• I assure you that I value your favorable reaction to the banking bill, even though you and I may have some differences of opinion regarding real estate loans. I beliey^ tnat even on. tnat subject you and I would not be far apart if I could discuss with you my whole conception of the problem. Sometime when the^pressure is taken off of me I hope that we will have an opportunity to fully discuss it. Sincerely yours, M. S. Eccles, Governor. MSE:VE:meb
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