View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
Statement for the Press

For immediate release

August 21, 1950«

The Board of Governors of the Federal Reserve
System today approved the action of the Federal Reserve
Bank of Boston in increasing its discount rate from 1-1/2 per
cent to 1-3/4- P ^ cent, effective immediately.