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. FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD Juno / 2-^ 1930 st. 6623 SUBJECT: Operating Efficiency at the Federal Reserve Banks. Dear Sir; For your information there is enclosed herewith a copy of the Board's statement, St. 6231, sent you underdate of June 27, 1929, to which have now "been added figures for the year 1929. This statement indicates fbr the head offices of the Federal reserve "banks the output per employee and per unit of doat in those departments for which a measured service is shown in the functional expense reports, form E. Very truly yours, E, M. McClelland, Assistant Secretary. Enclosure TO GOVERNORS AND CHAIRMEN OF ALL FEDERAL RESERVE BANKS*
@FedFRASER