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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