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The article presents the sixty-sixth annual business meeting of the American Economic Association which was held in Hotel Statler, on December 30, 1953. In his introductory remarks, president Calvin B. Hoover said that his service in office in the past year was a pleasant and gratifying experience and that he considered it a privilege to work with such a capable and stimulating group of collaborators. A review of the year's activities, financial operations, investment holdings, and present status of the association's assets, liabilities, and surplus was presented by the secretary-treasurer James Washington Bell, and his report was accepted. The managing editor of the periodical American Economic Review, Bernard F. Haley, described the functioning of the editorial office, the activities of the editorial board, and gave a brief summary of the size and contents of the review. He referred to the useful service rendered by a panel of advisors which he called upon to supplement the work of the editorial board in order to even out the increasing load of editorial work which has to be done.