The Acting Secretary of State to the Secretary of the Treasury (Morgenthau)

My Dear Mr. Secretary: I have studied your letter of January 1 to the President relating to the Treasury’s plan for comprehensive financial aid to the U.S.S.R. during her reconstruction period. In this connection you will have received paraphrases of Ambassador Harriman’s two telegrams regarding the recent Soviet request for a large post-war reconstruction credit.

We have been considering these matters and would be very pleased to sit down with you and members of the Treasury staff to discuss your plan and the Soviet request.

Sincerely yours,

Joseph C. Grew