Full text of Federal Reserve Bank of New York Circulars : 8. Rates of Discount

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CIRCULAR N O . 8.

(C
FEDERAL RESERVE BANK OF NEW YORK
62 CEDAR STREET

N E W YORK, November 14,

1914.

To T H E C A S H I E R :
SIR:

You are advised that until further notice this bank has established the following rates of
discount:
A. For notes, drafts and bills of exchange having a maturity at time of discount of not
more than thirty days, 53^%B. F o r notes, drafts and bills of exchange having a maturity at time of discount of
more than thirty days and not more than ninety days, 6%.
These rates have been approved by the Federal Reserve Board.




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

Governor.