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FEDERAL RESERVE BOARD
WASHINGTON

X-32o6
September

20~

1921

Dear Sir:

There is enclosed herewith, for your

~nformation,

advance copy of an address - "The Federal Reserve
System - What It Is And What It Is Not" - which I shall
deliver on Thursday, the 22nd instant, at the "MadeIn-Carolinas" Exposition1 at Charlotte, North, -9arolina.
Very truly yours,

Enol. X-3202

GOVERNORS OF JLL F.R.BKS.




G o v e r n o r.