Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Federal Reserve Banks Prepared to Make Advances to Member and Nonmember Banks on Government Obligations at Par, Number R-529, Volume 51, Page 85

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

R-529

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

STATEMENT FOR THE PRESS

For immediate release.

September 1, 19

The Board of Governors of the Federal Reserve
System announces that in view of current developments in
the international situation, the Federal Reserve banks
are prepared at this time to make advances to member and
non-member banks on Government obligations at par at the
rates prevailing for member banks.