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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