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Nov. 5--There will be no serious attempt in the 74th Congress to establish a Central Bank in the United States, replacing the Federal Reserve System, Senator Duncan U. Fletcher, chairman of the Senate Banking and Currency Committee predicted today.
Returning to Washington to prepare for the opening of Congress in January, Fletcher said he did not anticipate any drastic bank reform measures.
He doubted that there would be any movement to "do away with private banking or give the government jurisdiction and control over all banking methods." Any such reforms proposed, he said, would need considerable study before any definite plan is adopted.
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