This report describes the efforts of the Council on Library Resources to enhance the effectiveness, efficiency, and economy of operations in libraries during 1972-73. It covers 9 major areas: national library services, automation and networks, the academic library, the public library, microform and nonprint media, preservation and library technology, international cooperation, archives and special collections, and fellowship programs. For each area, detailed information is given about the works of the Council conducted through directly administered programs as well as grants and contracts with other organizations and individuals. Brief descriptions of the projects and the amounts of grants and contracts are listed in each section of the area. In addition, the report presents the background, membership, and financial statements of the Council. (CH)