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BOARD DF GDVERNDRS • F THE FEDERAL RESERVE SYSTEM orrespondence hai rman Eccles From. Date September 26, 1915. Subject:. Mr. Thurston You may recall Point k of the Six-Point Program announced September 18 by John Snyder states that Federal credit agencies will do everything possible to discourage excessive and unsound lending on mortgages and that, "They will enlist voluntary cooperation of banks and other lending institutions to minimize the danger of inflated prices due to excessive demand." Query: Should any initiative be taken, possibly in cooperation with the FDIC and the Comptroller of the Currency to put out some kind of statement to the banks or to bank examiners?