Scope and Contents April - July, Federal Reserve System, memorandum from Hubert H. Humphrey on nation's financial condition, refinancing of government bonds, statement by Kerr, debt reduction, inflation, taxation, fiscal policies of the administration, information concerning the Senate Finance Committee's investigation of the nation's financial condition, correspondents include Harry F. Byrd, J. G. Puterbaugh, Bernard J. Boyle, Frederick G. Payne, Strom Thurmond, and Harry S. Truman.