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FEDERAL RESERVE BOARD WASHINGTON X-6038 ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD May 16, 1928 SUBJECT: Holidays during June, 1938. Dear S i r : The F e d e r a l Reserve Banks and Branches l i s t e d below w i l l he closed on Monday, June 4 t h , i n obs e r v a n c e of the "birthday of J e f f e r s o n D a v i s , and t h e r e f o r e w i l l not p a r t i c i p a t e i n e i t h e r the Gold Fund C l e a r i n g or the F e d e r a l Reserve n o t e c l e a r i n g : Ri chmond Memohis Atlanta Birmingham Mashville Jacksonville Dallas El Paso Hous ton San Antonio P l e a s e i n c l u d e c r e d i t s of June 4 t h i n the Gold Fund C l e a r i n g with your c r e d i t s f o r June 5 t h f o r the o f f i c e s a f f e c t e d , and make no shipments of Fede r a l Reserve n o t e s , f i t or u n f i t , on June 4 t h , f o r a c c o u n t of the head o f f i c e s mentioned. Please n o t i f y branches. Very t r u l y y o u r s , J . C. N o e l l , Assistant Secretary. TO GOVERNORS OF ALL FEDERAL EESEFVZ B,,NKS. F E D E R A L R E S E R V E B O A R D STATEMENT FOR THE PRESS- F o r immediate r e l e a s e . May 17, 1928. The F e d e r a l Reserve Board announces t h a t t h e F e d e r a l Reserve Bank of Mew York h a s e s t a b l i s h e d a r e d i s c o u n t r a t e of 4 - 1 / 2 p e r cent on a l l c l a s s e s of p a p e r of a l l m a t u r i t i e s , e f f e c t i v e May I S , 1928.
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