73-1

October 4,1973

Dear Mr. ________:

Pursuant to your request of September 12, 1973, we wish to confirm that we would have no objection to the debiting of your depositor’s account and sales of Federal Funds in the open market on his behalf.

Very truly yours,

DONALD E. PEARSON
Superintendent of Banks

By

J. A. BROLLIER
Chief Bank Examiner