The American Ambassador, Mr. Steinhardt, through Mr. Vyshinski, presented to me on November 2, 1941, an aide-mémoire containing the contents of your message, the exact text of which I have not yet received.

First of all I would like to express my sincere thanks for your appreciative remarks regarding the expeditious manner in which the conference was handled. Your assurance that the decisions of the conference will be carried out to the limit is deeply appreciated by the Soviet Government.

Your decision, Mr. President, to grant to the Soviet Union a loan in the amount of one billion dollars subject to no interest charges and for the purpose of paying for armaments and raw materials for the Soviet Union is accepted with sincere gratitude by the Soviet Government as unusually substantial aid in its difficult and great struggle against our common enemy, bloodthirsty Hitlerism.

I agree completely, on behalf of the Government of the Soviet Union, with the conditions which you outlined for this loan to the Soviet Union, namely, that payments for this loan to the Soviet Union, namely that payments on the loan shall begin five years after the end of the war and shall be completed during the following ten-year period.

The Government of the U.S.S.R. stands ready to expedite in every possible way the supplying of available raw materials and goods required by the United States.

I am heartily in accord with your proposal, Mr. President, that we establish direct personal contact whenever circumstances warrant.

Sources: ibiblio

Franklin Roosevelt Administration: Stalin Replies to Roosevelt Letter of October 30, 1941