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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CHAIRMAN ECCLES' OFFICE

(kur. Dav i s Gov. Ransom -rov. McKee^- Gov. Szymczak v

Gov. Draper

Mr . Bethea Mr . Carpen te r Mrs . C o t t e n D r . C u r r i e Mr . D r e i b e l b i s Mrs . F i t z g e r a l d M r . Gardner D r . Go ldenwe iser Mr . M o r r i l l M r . N o e l l M r . P a r r y Mr . P a u l g e r M iss P i p e r M iss Racks t raw Miss Rauber Mr . Smead Mr . Thomas Mr . W a l t e r s Mr . IVyatt

REMARKS;

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Mr. L . M. r ece i ved a soine-vhr( ^ i n i i l - i r l e t t e r f r om M r . Brooke and i n h i s r e p l y acknowledged t h i s l e t t e r , s tc .^ ;

c &\ V + y o u were i n F l o r i d a and t h e l e t t e r wou ld be s e n - ^ fly

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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

LAW O F F I C E S

F. O. CRUICKSHANK LLOYD W. BROOKE ROBERT K DUNLAP

C R U I C K S H A N K , B R O O K E & D U N L A P G O O F I R S T T R U S T B U I L D I N G

PASADENA, CALIFORNIA MARGARET WOODSON EMRY3 J. ROSS December 30 , 1942

Mr. A. P . G i a n n i n i Chairman o f t he Board o f D i r e c t o r s Bank o f America San F r a n c i s c o , C a l i f o r n i a

Dear Mr . G i a n n i n i :

I t has been a l i t t l e over a yea r now s i n c e Transamer ica a c q u i r e d the m a j o r i t y o f t he s t o c k o f F i r s t T r u s t and Savings Bank o f Pasadena, w i t h wh i ch my p a r t n e r , Mr . C ru i ckshank , and myse l f had been so c l o s e l y i d e n t i f i e d f o r a l o n g p e r i o d o f t i m e .

Dur ing t h i s pas t yea r we have been o p e r a t i n g under t he r e t a i n e r arrangement made w i t h y o u , and have had c o n s i s t e n t l y s a t i s f a c t o r y r e l a t i o n s h i p s w i t h y o u r M r . Be ise and Mr . Ne lson , i n p a r t i c u l a r , and I c o u l d n o t l e t t h e year go by w i t h o u t e x -p r e s s i n g t o you my p e r s o n a l s a t i s f a c t i o n i n t he metamorphosis o f our F i r s t T r u s t and Savings Bank o f Pasadena, as an i n s t i t u -t i o n , r e s u l t i n g f r o m t h e p r o g r e s s i v e , f o r w a r d l o o k i n g methods wh i ch we have imb ibed f r o m the s p l e n d i d o r g a n i z a t i o n s o f T rans -amer ica and Bank o f Amer ica .

We a l l know how much you have had t o do p e r s o n a l l y w i t h the g rowth o f these i n s t i t u t i o n s , w h i c h a re r e n d e r i n g such a g r e a t s e r v i c e t o t h i s whole wes te rn c o u n t r y . We o n l y t r u s t t h a t a l l o f our r e l a t i o n s h i p s i n t he f u t u r e w i l l be as p leasan t and c o n s t r u c t i v e as those o f the p a s t yea r have been.

May I v e n t u r e t o express the hope t h a t you w i l l be ab le t o devote many, many yea rs o f con t i nued s e r v i c e t o the f u r t h e r -ance o f our mutua l i n t e r e s t s .

C o r d i a l l y y o u r s ,

LWBmp

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis