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February 27, FflOM - 19^. Mr. P i a e r Mr. Thurston At Monday's h e a r i n g b e f o r e t h e House Banking and Currency Committee, R e p r e s e n t a t i v e F r e d e r i c k C. Smith, of Ohio, q u e s t i o n e d t h e Chairman on t h e e x t e n t t o which t h e p r e s e n t bank h o l d i n g s of Government s e c u r i t i e s had been d e r i v e d through p u r c h a s e s i n t h e market f r o m o t h e r h o l d e r s o r through d i r e c t purohases from t h e T r e a s u r y . Can you supply t h i s i n f o r m a t i o n ? E.T.
@FedFRASER