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New York—The Federal Reserve Bank of New York today announced the publication of a new cartoon-style booklet titled, "The Story of the Federal Reserve System."

The 24-page booklet uses everyday language and lively illustrations to describe the major functions of the Federal Reserve and the role played by each of the various components of the Fed. Several pages are devoted to an explanation of the major tools of monetary policy and how they work.

The Federal Reserve Bank of New York has been publishing educational cartoon-style booklets since the 1950s. "The Story of the Federal Reserve System" is one of ten titles currently available.

The comic book is intended for the general public, especially students in high school and introductory-level college economic courses.

Other titles in the comic book series include:

• "The Story of Banks;"
• "The Story of Checks and Electronic Payments;"
• "The Story of Monetary Policy;"
• "The Story of Money;"
• "Too Much, Too Little," (on the origins of the Federal Reserve System);
• "A Penny Saved;"
• "Once Upon A Dime;" and
• "The Story of Foreign Trade and Exchange."