Full text of Mimeograph Letters and Statements of the Board : Letter From the Chairman of the Committee on Economy and Efficiency to Chairmen of Federal Reserve Banks re Economy and Efficiency in Federal Reserve Banks, Number X-3490, Volume 17, Page 937

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FEDERAL RESERVE BOARD
WASHINGTON

August 1, 1922-

X-3490
Subject:

My

Econorrw and Efficiency in Federal Reserve Banks.

dear Mr.

I am enclosing herewith copy of a letter on the subject
of economy and efficiency addressed to the Governor of your Bank.
An identical letter is being sent to the Governors of all other
Reserve Banks, and copies to the respective Chairmen.
~7ill you
please bring this letter to the attention of your Board of
Directors at its next meeting, with a supplementary statement
by yourself regarding the interest of the Federal Reserve Board
in this subject and the desire of the Board to have the cooperation, not only of the officers, but of the directors of the
Federal Reserve Banks, in bringin3 the operating efficiency of
their respective banks to the hi$hest level.
Believe me,
Very sincerely yours,

Chairman of the Committee
on Economy and Efficiency.
(Enclosure)

To the Chairmen of 311 Federal Reserve Banks.