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' 807
At a meeting of the Federal Reserve Board, held in
the office of tna Board an Thursday, Novemoer 6, 1919, at
4-07
PR.c.;.ZNT: The
Mr.
Mr.
Mr.
Mr.

Governor
Jtrauss
Tqller
Hamlin
Chapman,

ocrotary.

Business was presented aild disposed of as follows:
Te1e3Tam dated rovember 6th from the Federal Rezerve
Bank of Ltlanta, reluesting approval of the establishment
of the follcaing discount rates, effective Yovember 10th;
Commercial paper, 15 to 90 days
Agricultural and live stock paper, 15 to 90 days 4-0/45
5-1/270
Over 90 days to six months
Commodity paper, 15 to 90 days

4-3P4

Trade acceptz;nces 15 to 90 days

4-1/2%

Customers notes discounted by member banks when
secured by Liberty bonds or U.L;.Certificates
of Indebtedness, 15 to 90 days
4-0%
;ZCL2T on 4-0% certificates
Member banks direct notes secured by paper.
eligible for rediscount, 15 days or less..

4-Z/40

Member bnrk directnotes secured by Liberty.
bonds or U.Z.Certificates of indebtedness,
4-1/q3
15 days or less
4-1/4%
es
certificat
4-1A%
on
Appromsd.
Teleram dated rovember 6th from the Chairman, Fed.erai Reserve Bank of Richmond, reuesting approval of the




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