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CIRCULAR NO. 134. FEDERAL RESERVE BANK OF N E W YORK December 31, 1918- "THE A B C OF THE FEDERAL RESERVE SYSTEM" To THE CASHIER : We are sending you today, under separate cover, copy of a book just published, entitled "The A B C of the Federal Reserve System" by Professor E. W. Kemmerer. This outlines in a general way the operation of the Federal reserve banks and gives much information of value and interest to all bankers, especially those connected with the Federal Reserve System. We trust that you may find it helpful and that you will deem it advisable to have it circulated among the officers of your institution. May we extend through you to the directors and officers of your institution, our very best wishes for a most prosperous and successful New Year. Very truly yours, R. H. TREMAN, Deputy Governor.
@FedFRASER