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f i r 63*1 Federal R eserve Ba n k of N ew Y o r k N E W Y O R K 4 5 . N. Y . RECTOR 2-5700 September 17, 19^3 To the Chief Executive Officer of Each Member Bank in the Second Federal Reserve District: The Federal Reserve System has just released a new l6-mm. color and sound film entitled Money on the Move--The Federal Reserve Today. The film, which runs 27 minutes, is intended to inform the general public and students of the purposes, organization and operations of the 12 Reserve Banks, the Board of Governors, and the Federal Open Market Committee. It shows scenes taken in each of the Federal Reserve Banks and at the Board offices in Washington. The enclosed folder gives additional details about the film. You may wish to call the information to the attention of your staff, local high schools, and civic or other organizations in your area. The enclosed folder also contains an order form for your use should you desire to borrow a print of the new film. Banks in the Branch territory should address their requests to our Branch in Buffalo. ALFRED HAYES, President. Enclosure federal reserve map of the united states The Federal Reserve and its member banks serve the nation through a network of twelve districts covering all states. the federal reserve today m o n ey on the m o v e — an informative new color film —takes you behind the imposing walls of the nation’s Fed eral Reserve Banks to see how the cash you use comes into circulation . . . and is eventually withdrawn for flaming destruction when worn out; how your personal checks are pro cessed by the millions each day . . . how widely diversified information is collected for use in money and credit decisions which affect us all. through the cam era’s eye you witness a rare view of the Federal Open Market Committee in Washington where vital monetary policy for the nation is re viewed every three weeks, and the Securities Trading Room in New York where some of the w orld’s most fas cinating finance is brought into play. Jfou’ll visit the headquarters of the vast nationwide Federal Reserve tel egraphic network used for confiden tial communication and quick trans fer of large sums of money by the 12 District Banks, the 24 Branch Banks, and the Board of Governors in W ash ington. ITIore than a million gov ernment checks every day . . . more than a 100 billion dollars’ worth every year are handled by the Federal Re serve Banks, acting as fiscal agents for the Federal Government . . . pro cessing savings bonds . . . helping the Government issue and redeem its securities. move S ee m o ney on th e for a close look at how the Federal Reserve harmonizes con flicting interests of a free economy to help maintain the nation’s eco nomic health and world leadership. J
@FedFRASER