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F E D E R A L R E S E R V E B O A R D WASHINGTON X-7920 address official correspondence t o the federal reserve board June 18, 1934. Dear Sir: There are being forwarded to you today, under separate cover, twenty-five copies of the conference report, dated June 16, 1934, on bill S, 3487, relating to direct loans for industrial purposes by Federal reserve banks, and for other purposes. The conference report has been agreed to by the Senate and House of Representatives but has not yet been signed by the President, Very truly yours, S. R. Carpenter, Assistant Secretary. TO ALL F. R. AGENTS (No copies to governors arid no extra copies to banks, one copy to Mr, Kitzmiller»)
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