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Form No.

1^1

Office Correspondence
TQ

Chairman Eccles

FEDERAL RESERVE
BOARD

Subject:

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I should appreciate it very much if you would call Senator
Wagner and tell him that, on your return here today, you were glad
to learn from me that his housing bill had been reported to the
Senate last week. You might also say that I thought that the bill
was considerably strengthened in several particulars and that I
hoped there would be no difficulty in obtaining its passage at this
session of Congress.
The bill as reported follows in general the pattern of the
bill as originally introduced. It does not, however, touch either the
coordination proposal or the privately-financed program provided for in
the bill that I had drafted.
A fairly complete outline of the amended bill is given in
the memorandum to Dan Bell, of which I sent a copy to you last week.