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October 8 , 1948
Board Members
mr. E c c l e s .

Tae attached i s a very i n t e r e s t i n g f i l e p o i n t i n g out
how t h e C o m p t r o l l e r ' s o i l ice d i s c r i m i n a t e s against smaller bank*
i n C a l i f o r n i a i n f a v o r of Tronsamerica.
T h i s case i s s i m i l a r t o other s i t u a t i o n s which h^ve
coiue t o our a t t e n t i o n , and only i n d i c a t e s f u r t h e r com l e t e ld.ck
of sympathy and cooperation on t h e p a r t of t h e Treasury w i t h the
Board's p o s i t i o n toward Transamerica. sased upon t h i s and other
correspondence u.nd s i m i l a r f a c t s which have been brought t o our
a t t e n t i o n , i t i s apparent t h a t u n t i l a chemge i n heart or personnel
i s brought aoout i n t h e Treasury t h e ooard can l o o k f o r k i t t l e
h e l p or cooperation i n i t s e f f o r t s t o curb t h e f u r t h e r growth of
t h e Transamerica empire.