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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.