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BOARD OF GOVERNORS or THE FEDERAL RESERVE SYSTEM Office Correspondence Xo Chairman Eoolea From Richard A» Musgraw Date- JUM is, 1&7 Subject! y4 ^y Mr# Bartelt called this morning and reported that the Treasury was planning to pay off 200 million dollars of bills maturing June 26* He asked me whether this iras in agreement with your ideas and I told him that I was sure that you would favor this action which is entirely within the recommendations made at the last meeting of the Open Market Committee*
