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113
FEDERAL RESERVE BOARD
WASHINGTON
Fabruar~
2,
X-3v29
SUBJECT:
Open Marl:et Purchase:;; b:,.ยท Federal Reser:e :Ban..l{s.
Dear Sir:
As the open market purchases of Federal Reserve
Banks are likely to be discussed at the next meeting of the
Federal Advisory Council, the Board would like to have infor~ation
from each Federal Reserve Bank as to ita policy
in rr.aking open rrarket purchases whether of bankers acceptances or of Government securities.
Yours vecy truly,
Acting Governor.
To all Chainr.en of Feder&l Reserve Ec:.nl's.
19~3.
@FedFRASER