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May 13, 1987
To the Addressee:
Your institution has a complimentary set of Board regulations and
operating circulars of this Bank; you receive updates for this service through
a special mailing list (Code FB).

Additionally, the head office of your

institution receives on a regular basis most of the circulars mailed by this
Bank over the name of our President, including updates to the regulations and
operating circulars.
We have found that this procedure generates a certain amount of
duplication in our mailing as the copy mailed to the head office often is the
one used to update the institutions' binders.

Therefore, we now plan to

discontinue the specialized mailing addressed to the "Holder of Federal
Reserve Binders" (Code FB); we will of course continue to mail these materials
to the head office of your institution.
If, however, you have found it more convenient to receive the updates
to the Board's regulations or our operating circulars directly, we will be
more than happy to reinstate your mailing label on one of our other mailing
lists if you will advise us of your preference by letter.

Circulars Division
FEDERAL RESERVE BANK OF NEW YORK

1405C