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X-7446

FEDERAL

RESERVE

BOARD

STATEMENT FOR THE PRESS

For r e l e a s e a t 2:00 p . m.

May 31, 1933.

The Federal Reserve Board announces t h a t t h e Federal
Reserve Bank of Boston has e s t a b l i s h e d a r e d i s c o u n t r a t e of
3 p e r c e n t , e f f e c t i v e June 1, 1933.