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FEDERAL RESERVE BOARD
WASHINGTON

December 7.1920,

"

X-2081

Dear S i r :
The Federal Reserve Board has made arrangements to i s s u e the
""brief e d i t i o n " of the Federal Reserve B u l l e t i n on or about the f i r s t
of each month. Accordingly, the mimeograched statement of "business
c o n d i t i o n s " as published i n the B u l l e t i n , ' w h i c h t h e Board has been
forwarding to you monthly, w i l l be d i s c o n t i n u e d .
The " "brief e d i t i o n " of the Federal Reserve B u l l e t i n (sample
copy enclosed herewith) c o n t a i n s , in a d d i t i o n t o t h e review of b u s i n e s s
c o n d i t i o n s , t h e r e g u l a r o f f i c i a l announcements, r u l i n g s of the Board,
e t c . The " b r i e f e d i t i o n " of the B u l l e t i n i s issued at a s u b s c r i p t i o n
p r i c e of $1.50 p e r annum to cover the c o s t of paper and p r i n t i n g .
In a d d i t i o n to the " b r i e f e d i t i o n " of the Federal Reserve
B u l l e t i n the Federal Reserve Board issues about the twentieth of each
month the complete Federal Reserve B u l l e t i n which c o n t a i n s a l l of the
information published i n the " b r i e f e d i t i o n " , a l s o important banking
s t a t i s t i c s and s p e c i a l a r t i c l e s i n connection with research work conducted by the Board, e t c . The s u b s c r i p t i o n p r i c e of the complete e d i t i o n
i s *4.00 p e r annum.
If you d e s i r e t o receive e i t h e r the b r i e f or complete e d i t i o n
of the B u l l e t i n kindly forward your remittance t o the Federal Reserve
Board, using the enclosed form.
Enclosure.




Very t r u l y yours,

R. G. Eme rs on.
A s s i s t a n t to Governor.