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FEDERAL

RESERVE

BOARD

STATEMENT FOR THE PRESS
For Immediate Release.
4:30 o ' c l o c k . p . m .

,

J u l y 1|), 1924.
X-4114

The Federal Reserve Board announces t h a t t h e
Federal Reserve Bank of Dallas has reduced i t s rediscount
r a t e froip 4g^ t o 4£ on a l l c l a s s e s of paper of a l l mat u r i t i e s , e f f e c t i v e immediately.