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268 W. P. G. HARDING. GoVERNOR ALBERT STRAUSS. VICE GoV!:RNOR CARTER GLASS ADOLPH C. MILLER CHARLES S. HAMLIN SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS FEDERAL RESERVE BOARD COMPTROLLER OF THE CURRENCY J. A. BRODERICK, SECRETARY W. T. CHAPMAN, ASSISTANT SECRETARY W. M. IMLAY, FISCAL AGENT ADDRESS REPLY TO WASHINGTON FEDERAL RESERVE SOARD May 7,1919. Subject: X-1518 Publicity. Dear Sir: The Board is desirous of ascertaining the practice of local newspapers regard~ the use of matter appearing in the Federal Reserve Bulletin. As y~ know, the present practice of the Board is to issue first a preliminary press bulletin stating what the forthcoming ~ulletin will say on business conditions, which statement is followed within. a few days by a statement of the contents of the Bulletin, under the head~ing "Review of the Month", and then, when the Bulletin itself corres from the printer it is given to the newspaper men in order that they may piCk out such special features for publication as they may see fit. It is believed that this method has resulted in giving to the Bulletin better publicity than prevailed prior to the adoption of the present syst~• Will ~ou be good enough, thereforet to send to the Board clippings from the leading newspapers of your District, containing either editorials or news matte~ based on the contents of the Federal Reserve Bulle tin• . In this connection, will you please instruct that greater care be exercised in the selection of newspaper clippings for transmission to the Federal Reserve ibard. Xn some instahQes, we receive clippings from Federal Reserve Banks in the original ertvel~es in which they are transmitted to the B~nks by the clipping bureaus. lt is not the desire of the B6ard to receive all clippings merely mentioning the Federal Reserve System. What it does desire is, as above, all clippings bearing upon the Federal Reserve Bulletin and all editorial and~~rtinent news bearing on the Federal Reserve System as such, or, of oourse, particular Federal Reserve Banks .. We ·receive ma:qy Clippings in connection with the Liberty Loan Campaigns, in which the only reference made to the Federal Reserve System is that "Banks in the - - - District have subscribed,"etc. · Very truly yours, Secretary. 269 W. P. G. HARDING, GovERNOR ALBERT STRAUSS. VICE GOVERNOR EX-OFFICIO MEMBERS ADOLPH C. MILLER CHARLES S. HAMLIN CARTER GLASS SECRETARY OF THE TREASURY CHAIRMAN JOHN SKELTON WILLIAMS COMPTROLLER OF THE CURRENCY J. A. BRODERICK, SECRETARY FEDERAL RESERVE BOARD W. T. CHAPMAN, ASSISTANT S'ECRETARY W. M. IMLAY, FISCAL AGENT ADDRESS REPL V TO WASHINGTON FEDERAL RESERVE BOARD IVay 7 t 1919. X-15J.9a Subject:Campaign for New Par Points. Dear Sir: There is enclosed herewith prepa.reu fru:n replies received from ~ :::~.ll copy of report Federal Reserve Banks in response to our telegram of April }Oth, ~sking for information regarding the progress of the campaign being conducted for the establishment of new par points. Very truly yours, Secretary. Enclosure.