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Ffcrm No. 131
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1

Orrice C o r r e s p o n d e n c e
To

Governor Eccles

FEDERAL RESERVE

B0ARD

Subject:

Date Aprij.^ 1935
Mendment to Relief

From J- M. .Daiger

Since my earlier memorandum this morning about the
status of the relief bill, Mr* Vest has had the conference report gone over to find out if there is any part of the bill that
would require amendment (for the purpose you have in mind) other
than the one line on Page 5 tnat 1 referred to.
Mr* Vest has just called me to say that the amendment of
that one line would, in his opinion, be sufficient• He suggests,
however, that instead of having the amended line 20 read "loans
or grants for housing", it read "housing, including loans or
grants therefor". Tnis would remove any question as to whether
the wora f!grants" would include direct housing operations by
the Government.