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STANDARD TIME INDICATED
T H IS IS A F U U . R A TE TELEG RAM . CABLE­

RECEIVED AT

GRAM OR RADIOGRAM UNLESS OTHERW ISE
IN D ICATED B Y SYM BOL IN T H E PREAMBLE
OR IN T H E ADDRESS O F T H E MESSAGE.
SYM BOLS D ESIGN ATING SERVICE SELECTED
ARE O U TLIN ED IN T H E COM PANY’S TA RIFFS
ON HAND A T EACH O FFICE AND ON F IL E W ITH

TELEPHONE YO U R TELEGRAMS
TO PO ST AL TE LE G R A PH

R EG U LA TO R Y A U TH O R ITIES .

LC438

W.CC351
C.SC265
LC297S ( F I V E ) 9 SER=PBA LOS ANGEL ES C A L I F 9 4 2 2 P

LAWRENCE CLAYTON =

IS* FEB 9 PM 8

A S S I S T A N T TO THE CHAIRMAN BOARD OF GOVERNORS
FE D ER AL RESERVE SYSTEM (WASHINGTON DC)=^
S E VE N T E E N T H AT 1 0 : JO E N T I R E L Y AGREEABLE THANK YOU WARMEST REGARDS5
A P GI ANN IN I .

1 0 : 30.