Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Rediscount Rate of Federal Reserve Bank of Chicago, Number X-6989, Volume 35, Page 461

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

461
X-6989

FEDERAL

RESERVE

BOARD

STATEMENT FOR THE PRESS

For r e l e a s e at 3:00 p. m.

October 16, 1931.

The Federal Reserve Board announces that the Federal
Reserve Bank of Chicago has established a rediscount r a t e of
3 l / 2 per cent on a l l classes of
f e c t i v e October 17, 1931.




paper of a l l m a t u r i t i e s , e f -