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FEDERAL RESERVE BOARD
WASHINGTON

M a r c h 13, 1922.
st.2639.

SUBJECT:

R e c o r d of F e d e r a l R e s e r v e B a n k
Discount Rates 1914 - 1$21.

Dear Sir:
The B o a r d has recently u n d e r t a k e n the preparation
of a comprehensive report covering a l l changes in F e d e r a l
R e s e r v e B a n k d i s c o u n t r a t e s , f r o m the o p e n i n g of the b a n k s
to the e n d of the year 1921. A c o p y of the g a l l e y p r o o f
o f t h a t p a r t o f the r e p o r t w h i c h r e f e r s to y o u r h a n k is
enclosed herewith.
It w i l l h e a p p r e c i a t e d if y o u w i l l kindly- h a v e the
changes in rates c a r s f u l l y c h e c k e d a g a i n s t the r e c o r d s of
your hank, indicating any errors which m a y he found either
i n r a t e s o r d a t e s , a n d r e t u r n t h e p r o o f t o the B o a r d a t
y o u r e a r l y c o n v e n i e n c e . I n the e v e n t c h a n g e s are f o u n d
n e c e s s a r y , it w i l l b e a p p r e c i a t e d if y o u w i l l k i n d l y f u r n i s h t h e B o a r d , if p r a c t i c a b l e , w i t h c o p i e s o f d i s c o u n t
r a t e s c h e d u l e s i s s u e d b y the b a n k a t the t i m e t h e r a t e s
q u e s t i o n e d were put into e f f e c t . E x c e p t for the year 1921,
p r a c t i c a l l y a l l t h e i n f o r m a t i o n s h o w n is b a s e d o n t a b l e s
r e l a t i n g to d i s c o u n t r a t e s a s p u b l i s h e d i n t h e B o a r d ' s
annual reports.
Very truly yours,

W. Hoxton,
Secretary.

Enclosure.

L e t t e r to a l l F . R . A g e n t s .