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C O O P E R A T IN G C O M M IT T E E ON N A T IO N A L DEFENSE PROGRAM IN T H E ELEVENTH FEDERAL RESERVE DISTRICT DALLAS, TEXAS December 18,1940 F R E D F. F L O R E N C E E. B. S T R O U D MEMBER N A TIO N A L D EFEN SE LOANS CO M M ITTE E OF T H E FIELD REP R ESENTA TIV E O F T H E AM ERICAN BAN KERS A S SO C IA TIO N N A T IO N A L D E F E N SE A D VISO R Y C O M M ISSIO N P R E SID E N T, R EP UBLIC N A TIO N A L BAN K O F D A LLA S FIR ST VICE P R E SID E N T. FED ER AL RESERVE BAN K O F D A LLA S To the Bank Addressed: A meeting of bankers was held in Dallas on December 11 for the purpose of discussing the national defense program. This meeting was attended by officers of banks in the Eleventh Federal Reserve District located in cities of 25,000 and over and by members of the Executive Committee of the Texas Bankers Association. At the conclusion of the meeting, after full dis cussion, certain resolutions were adopted, copy of which is enclosed for your information. It was impossible in the short time available to arrange a more general meeting, yet we know that every bank in this district, had it been represented, would have heartily supported the resolutions passed by the bankers in attendance. The purpose of this letter is to acquaint you with the action taken and to solicit your cooperation in carrying out the program, as set forth in the resolutions. We especially urge your cooperation in submitting information regard ing any of your customers who may have facilities for furnishing defense supplies. Forms for that purpose are enclosed, and an additional supply will be sent you by the Federal Reserve Bank of Dallas upon request. It is also important that some officer in every bank keep himself fully informed with respect to the part banks are taking in the defense program. Your corre spondent bank or the Federal Reserve Bank will endeavor to obtain any additional information that may be requested. As pointed out in the letter which the Federal Reserve Bank of Dallas forwarded to you under date of November 19, the National Defense Advisory Commission is endeavoring to spread orders for defense needs among the smaller business concerns of the country, and the information submitted by you regarding those concerns which are in position to furnish needed supplies will be promptly forwarded to Washington. We solicit your cooperation in making the defense program effective in this district. Yours very truly, FRED F. FLORENCE Member National Defense Loans Committee American Bankers Association E. B. STROUD Field Representative National Defense Advisory Commission This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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