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T l L f i ^ B A M BoaM o f G o v e r n o r s of the ^edera' Reserve 1947 MAY 2 8 AM 10 4 1 WA20GC03WASH GX4 CGO 2 8 - 9 1 7 BOARD THURSTON PLEASE SEND US I F AVAILABLE FIFTEEN COPIES OF CHAIRMAN ECCLES STATEMENT BEFORE THE SENATE BANKING AND CURRENCY COMMITTEE ON S 829 YOUNG. May 28, 19U7- Dear Hap: In accordance with your telegraphic request, I am sending fifteen copies of the Chairmanfs statement before the Senate Banking and Currency Committee on the Bank Holding Company B i l l . Except for the Morris Plan Banks, we hare been unable to discover any open opposition. I have no doubt there is some undercover opposition, however. With best regards, Sincerely yours. Mr. C. S. Young, President, Federal Reserve Bank of Chicago, Chicago, Illinois. Enclosures 15 ET:b