The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BOARD WASHINGTON A D D R E S S O F F I C I A L C O R R E S P O N D E N C E TO THE FEDERAL RESERVE BOARD a— (OG y v >V' SUBJECT: • January 33, 1933. Discounts f o r I n d i v i d u a i § S P a r t n e r s h i p s and Corporations Dear Sir: , The a u t h o r i t y granted.by the Fedet^#^^j»w£^?foard to a l l Federal reserve banks i n i t g ' c i i S W a r . ^ r July 2 6 S & ' " 1 S t ^ 7 5 6 1 a ) to discount e l i g i b l e n o t e s , d r a f t s and b i l l s of e x c h a c g f i - o a ^ ^ d i T t i t a a l s , partnerships and corporations, subject to the p r o v i s i o n s of the law/* the Board's regu~ l a t i o n s , and that c i r c u l a r , w i l l expire a t the c l o s e of business on January 31, 1933, and the Board has decided to extend such a u t h o r i z a t i o n f o r an a d d i t i o n a l s i x months. Section I I of the Board's c i r c u l a r of J u l y 26, 1932, en the subject of "Discounts f o r I n d i v i d u a l s , Partnerships and Corporations" has been amended, t h e r e f o r e , to read as f o l l o w s : y "AUTHORIZATION BY THE RESERVE BOARD.'•» • " • ' FEDERAL " •*"** H The Federal Reserve Board, pursuant to the power conf e r r e d upon i t "by the amendment hereinbefore quoted, hereby a u t h o r i z e s a l l Federal reserve banks, f o r a period ending a t the c l o s e of b u s i n e s s on July 31, 1933, to discount e l i g i b l e n o t e s , d r a f t s and b i l l s of exchange f o r i n d i v i d u a l s , partnerships and corporations, subject t e the p r o v i s i o n s of the law, the Board's r e g u l a t i o n s , anc. t h i s circular, 1 1 Very truly yours, # Chester M o r r i l l Secretary TO ALL CHAIBMEU AND GOVEBITORS.
@FedFRASER