Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Rediscount Rate of Federal Reserve Bank of Cleveland, Number X-6982, Volume 35, Page 453

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X-6982

F E D E R A L R E S E R V E BOARD
STATEMBHT FOR THE PRESS

For release at 3:00 p.m.

October 9, 1931

The Federal Reserve Board announces that the Federal
Reserve Bank of Cleveland has established a rediscount r a t e of
3 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.