550.S1 Monetary Commission/20: Telegram
The Acting Secretary of State to the Chairman of the American Delegation (Hull)
138. Your No. 124, July 12, 4 p.m., No. 125, July 12, 5 p.m.67 and Department’s No. 133, July 11, 7 p.m. The following is a letter addressed to the Treasury Department by the Governor of the Federal Reserve Board:
“Following our conference relative to the letter to Secretary Acheson, of date July 11, 1933, outlining the position of this Board relative to Section 4 of the letter from the Governor of the Bank for International Settlements, dated May 7, 1933, I beg to advise that the Federal Reserve Board has again reviewed this matter and it sees no reason for any change in its position as outlined in that letter to Secretary Acheson, but the Federal Reserve Board desires it to be fully understood that the Federal Reserve banks of this country will be glad, at opportune time, to confer with other central banks on pertinent questions which are in line with national policies.”
The letter to Acheson, dated July 11, 1933, referred to above was incorporated in full in the Department’s No. 133.
- Latter not printed.↩