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F o r m N o . 131 - ^ O r r i c e -n FEDERAL RESERVE C o r r e s p o n d e n c e To Governor Ecoles . r rom Walter Wyattf General Counsel B0ARD Date juiy 10,1935 Subject; Material for Senator LaFollatta In order that you may comply with Senator LaFollette*® request for material regarding the open market committee and the underwriting amendment, I am handing you herewith the following: I. II. Open Market e (1) Mimeograph L-82 containing quotations from Glass, Wilson, etc* (2) Quotation from Mr. Ray burn. (3) Mimeograph L-93 containing arguments against the Senate draft. The Underwriting Amendment. (1) Analysis of the amendment (Wyatt). (2) Short argument against the proposed amendment (Owens). (3) Underwriting by commercial banks (Parry). (4) Another argument against the amendment (Bradley). (5) Arguments for and against the amendment (Benedict). (6) Extracts from speeches and committee reports on the Banking Act of 1933). (7) Pamphlet re relations of the banks with the securities markets (appendix to report of hearings on the Banking Act of 1933). I believe that Doctor Goldenweiser is to send you some further material on the open market committee. Respectfully, Walter Wya General Cdtfosel. Attachments. July IZ, 1955. In compliance with request of Senator LaFollette, the following raaterial was furnished regarding the open market committee and the underwriting amendment as contained in Senate Banking Bills I. XI* Open Market* (1) Mimeograph £r»3£ containing quotation® from Glass* Wilson, etc* (2) Quotation from Mr* Rayburn* (5) Mimeograph containing arguments against the Senate draft* The Underwriting Amendment* (1) Analysis of the amendment* (£) Short argument against the proposed amendment* (5) Underwriting by commercial banks* (4) Another argument against the amendment* (5) Argument* for and against the amendment* (6) Extracts from speeches and committee reports on the Banking Aet of 1953* (?) Pamphlet r© relations of the banks with the securities markets (appendix to report of heaiw lags on the Banking Act of 198$)* * X
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