Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Rediscount Rate of Federal Reserve Bank of Boston, Number X-6983, Volume 35, Page 454

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454
X-6983

FEDERAL

B E SI E VE BOARD

STATEME1® FOE THE PRESS

For release a t 3:00 p.m.

•

October 9, 1931.:.

The Federal Reserve Board announces that the Federal
Eeserve Bank of Boston has established a rediscount r a t e of
2 l / 2 per cent on a l l classes of paper of a l l m a t u r i t i e s , e f f e c t i v e
October 10, 1931..