Full text of Marriner S. Eccles Papers : Memo for the Secretary of the Treasury, Box 2, Folder 10, Item 3

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THE WHITE HOUSE
WASHINGTON

November 5, 1934,

MEMO FOR THE SECRETARY OF THE TREASURY:
It has been suggested that we
conduct a "post-mortem*1 on dead banks i.e.
those which will never reopen, in order to
show to what extent bad practices, such as
loans to directors, etc. etc. were responsible
for their death.




F.D.R,