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BOARD OF GOVERNORS

DF THE

FEDERAL RESERVE SYSTEM

Correspondence
To

Chairman Eccles

Frnm

Mr. Knapp

Date November 13, 1947
Subject:

As you may have noted from newspaper accounts, the
final interim aid program as presented to the Congress was reduced from 675 siillion dollars (the maximum figure approved
by the National Advisory Council) to approximately 600 million
dollars. The figures by countries as presented to the National
Advisory Council, and as finally presented to the Congress following the Budget Bureau hearings, are as follows:




(in millions of dollars)
N.A.C.
Final
figures
figures
France
Italy
Austria
Total

315-360
197-285
30

328
227
£2

5A3-675

597