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X-7354

FEDERAL

RESERVE

BOARD

STATEMENT FOR THE PRESS

For r e l e a s e a t 3 : 0 0 p.m.

March 3 , 1933.

The Federal Reserve Board announces that t h e Federal
Reserve Bank of Chicago has e s t a b l i s h e d a rediscount r a t e of
3 l / 2 per cent on a l l c l a s s e s 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 March 4 , 1933.