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222 X-4446 F:EDER.lL RESERVE :JOJ.ED ST.Ar:':"~~GNT FO:i TEE P:aESS For immediate release The Federal Reserve ]oard announces 4.00 o'clock p.m., November 9, 1S25 t~~t the Federal Reserve :Bank of J3oston hn::> established a rediscount rate of 4 per cent on all clanl;es of paper of all maturities, effective November 10, 1925.