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The Bank for Savings
IN THE CITY OF NEW YORK
Chartered 1819

280 Fourth Avenue 
New York 10, N.Y.
ALgonquin 4-1000

April 20, 1954


RE:  No. 55445


Mr. Michael Gitt
94 Kings Point Road
Great Neck, New York

Dear Mr. Gitt:

This is to advise that if you will forward us a policy stamped "paid" by the agent of the company, we will be willing to waive insurance accruals until further notice.

Will you please be good enough to sign and return the enclosed copy of this letter if the proposed arrangements meets with your approval. 


Very truly yours, 



J. B. Dunlaevy
Insurance Division

JBD:js

NEW YORK'S FIRST SAVINGS BANK