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BOARD DF GDVERNDRS
DF THE

FEDERAL RESERVE SYSTEM

Office Correspondence
xo

Frnm

Mr. Eccles
J. M. Daiger




,1957
Subject: Status of Housing Matters in
Treasury and Budget Bureau.

One of Mr. Bell's assistants, Mr. Ahern, called me
today and said that Mr. Bell wanted to know if I would go over
the FHA legislative proposals as well as the HOLC proposals.
He told me that Mr. Bell had turned both sets of proposals
over to the Treasury people, with a request for their comments
and recommendations, but that Mr┬╗ Bell wished to go over them
with me before any final action was taken.
Mr. McReynolds, who is handling the Wagner bill
matters for the Secretary, expects to take these up again some
time around the middle of next week. He has asked me if I would
sit in again on these meetings when they are resumed by the
Treasury and Budget Bureau people.
I am attaching herewith a copy of a letter that you
may be interested in seeing in connection with the HOLC proposals.

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HOME OWNERS1 LOAN CORPORATION
WASHINGTON

Office of
HORACE RUSSELL
General Counsel




March 30, 1937.

Mr. J. M. Daiger,
Federal Reserve Board,
Washington, D. C.
Dear Mr. Daiger:
I find that Mr. Webb thought he had made arrangements to get to you a copy of our legislation as he agreed
with me to do, but that copies appear not to have reached
you, and I am therefore handing you two copies by special
messenger, and I hope that our delay has not unduly inconvenienced you. I attach also a short analysis which may be
convenient to you.
We shall be glad to discuss these problems with
you at any time, if you wish.
Very truly yours,
/S/ HORACE RUSSELL
General Counsel.
Enc. (2)