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589 FEDERAL RESERVE B O A R D WASHINGTON January 17, 1935 ADDRESS OFFICIALCORRESPONDENCETO THEFEDERALRESERVEBOARD B-1062. SUBJECT: Pamphlet on In d u s t r i a l Loans. Dear S i r : A t the m eeting o f the In d u s t r i a l A d v iso ry Committee chairmen, h e ld in W ashington on December I S , 193^ reference was made to the pamphlet on i n d u s t r ia l lo a n s prepared by Mr, C reighton and d is t r ib u t e d in the F i r s t Fed e r a l Reserve d i s t r i c t , and you were ad vise d th at m a te ria l fo r a pamphlet was b e in g prepared by the Board which would be sent to you in the course o f a few weeks. W hile i t i s f e l t th at the pamphlet d is t r ib u t e d in the F i r s t F e d e ra l Reserve d i s t r i c t i s adm irable and has been o f m a te ria l h e lp , i t i s thought th at perhaps i t m ight be d e sira b le to la y somewhat more s t r e s s in the fu tu re on advances through member banks and other fin a n c in g i n s t i t u t i o n s . The m a te r ia l in c lo se d herew ith has been d ra fte d w ith th a t id e a in mind. I f you sh ould decide to use the m a te ria l i n connection w ith a pam phlet o r otherw ise, i t i s assumed, o f course, th a t you w i l l o b ta in the app roval o f the F e d e ra l Reserve bank before r e le a s in g i t fo r p u b lic a t io n . Very t r u ly you rs Chester M o r r i l l , S e c re ta ry . In c lo s u r e . TO ALL INDUSTRIAL ADVISORY COMMITTEE CHAIRMAN.
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