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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD X-7333 January 24, 1933, SUBJECT: Proposed Amendment t o the Bankruptcy Laws, Dear S i r : The Committee on the J u d i c i a r y of the House of Representatives on January 23, 1933 reported favorably H.R. 14359, a "bill to amend the Federal bankruptcy s t a t u t e s so a s t o provide a procedure whereby, under c e r t a i n c o n d i t i o n s , an i n d i v i d u a l debtor may obtain a composition or extension of the time of payment of h i s debts and a corporate debtor may e f f e c t a p l a n of r e organization. A copy of t h i s b i l l i n the form as reported by the Committee and a copy of the Committee's report are transmitted herewith f o r your information i n view of the f a c t that the r i g h t s of Federal r e s e r v e banks as c r e d i t o r s may be a f f e c t e d i f the b i l l i s enacted i n t o law. Very t r u l y yours, Chester M o r r i l l , Secretary. Inclosures, TO GOVERNORS OF ALL F. R. BAMS.
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