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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Office Correspondence To Chairman Eccles p a te March 17,1948 Subject: Mir * KnaDD You will recall that at the final National Advisory Council meeting on the subject of the French exchange rate you gave to the Secretary of the Council a statement which you had prepared on this subject with the request that its substance be included in the minutes. The minutes, which have now baen received, contain your statement almost verbatim, except that instead of being introduced as a statement of your personal views, it is presented as a summary of the progress of the discussions in the Council* In fact, it constitutes almost the entire record of the Councilfs discussion at this meeting.
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