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r&CFO FOR PUBLICATION

Washington, D. C.

M0RNIN6 PAPERS
MUltWW

February 16, 1951.

FEB 19 1951
Memorandum from J* K, Vardanan, Mentor of tho Board of Governors,
fodopal Reserve Syston.
On tho 12th instant I received fron United States
Senator John W. Brickor of Ohio a letter dated the ?th in which
ho connents on ny public statenent of February 5th«

Inasmuch

as Senator Brickor1s letter was official and published in the
Congressional Record, I an writing an open letter in answer
rather than a private letter in order to reply to certain
inferences in the Senator's letter*
Attached is a copy of Senator Brickorrs letter to no
and a copy of ny reply dated February 15ttu

J. K. T.
Jttta.chnonts*