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F o r m N o . 12
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FEDERAL RESERVE
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4)rnce Correspondence
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Governor Ecclea.

From

Lauchlin Currie
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D ate_

Subject:

August

6 1935

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Letter to Mr. E. M. Stevens, on
Distribution of deposits study.

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Attached is a routine letter for your signature.

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16—853

August 6, 1M§,

•r. E. M. Stevens,
Ch£L±rm?n$ Federal hesirve
B&nk of Chicago,
250 South La Stile Street,
Chic£»; o, Illinois.
Dear Mr. Stevenst
Thank; you Tery aucji for the copy of a letter froj
Mr. ilcGaughey, of the Millikin Nationfil Bank.
I aa enclosing a suggested fora of reply,
loure sincerely,

Marriner S. Eccles
^ rnor

LC.em







• r . If. R, McGaughey, Pr ~i ent f
The Minikin Metiomd Bmk,
Dec&tur, I l l i n o i s .
Dear Mr. McGftu>h?:yt
Govern r Kccles wiih s me to thank you moot
heartily for your willingness to cooperate ia the
proposed stiiciy of the distribution of depoiiitc,
H ini o T: ae that the project her. not M yet beim
Wlfcmitt a to the Worke Relief Aa»i i l s t r a ' i o:n , but
that If i t i s , and if i t I s approved, i t i. hoped
to get the project under w&y by Octolxr l r t #
I shell be pleased to kee? you informed as to
v lopments,
very t r u l y ,