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THE WHITE HOUSE WASH INGTON THE ASSISTANT TO THE PRESIDENT December 2, 1947 Dear Mr* Thurston: Thank you for your thoughtfulness in writing to me and enclosing Mr. Eccles1 statement on housing and the statements regarding the relation of bank credit and inflation. Sincerely, Mr. Elliott Thurston Assistant to the Chairman Board of Governors of the Federal Reserve System Washington 25, D. C*