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VALLEY NATIONAL BAN Hi
M E M B E R

F E D E R A L

R ESE RV E

S Y S T E M

HOME O FFICE

PHOENIX
ARIZONA
W A LT ER

R. BI MSON,
PRESI DENT




August 28th, 1950

Mr. M.S. Eccles
Board of Governors
Federal Reserve System
Washington, D.C.
Dear Marriner:
I am personally greatly delighted
that you have accepted the Arizona
Bankers Association invitation to
speak here in November. M r . Zepeda
told me as soon as your reply
arrived, but I have been away until
today and am just getting around to
letting you know that I shall look
forward with real pleasure to your
visit.

WRB/pjp