Full text of Mimeograph Letters and Statements of the Board : Letter From Secretary Eddy re Cost of Producing Federal Reserve Notes, Number X-3958, Volume 20, Page 86

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FEDERAL RESERVE BOARD
WASHINGTON

X-395S
January 25, 1924,

SUBJECT: Cost of producing Federal reserve notes.

Dear Sir:
For your information, I would state that on
January-1, 1924, the cost of producing 1,000 sheets of
Federal reserve notes (4,000 notes) at the Bureau 6f Engraving and Printing, was lowered from $42.50 to $39*00.
Very truly yours,

Walter L. Eddy,
Secretary.

TO ALL FEDERAL RESERVE AGENTS.
COPY TO THE GOVERNORS.