Full text of Federal Reserve Bank of New York Circulars : 18. Rates of Discount

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CIRCULAR N O . 18.

FEDERAL RESERVE BANK O F NEW YORK
6 2 CEDAR STREET

FEBRUARY 18,

1915.

To THE CASHIER:

You are advised that until further notice this bank has established the following rates of
discount:—
For notes, drafts and bills of exchange having maturity at time of discount of not more than ninety days

4%

For agricultural paper maturing in over ninety days but not over six
months




5%

Respectfully,
B E N j . STRONG, JR.,

Governor.