Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Rediscount Rate of Federal Reserve Bank of Dallas, Number X-4924, Volume 27, Page 133

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X-4924~

FEDERAL

RESERVE

EOARD

STATEMENT FOR THE PRESS

August 11, 1927.
4:00 o'clock p. m.

For immediate release.

/

The Federal Reserve

~oard

announces that it has

approved an application of the Federal Reserve

~ank

of Dallas

for permission to establish a rediscount rate of 3 1/2 per cent
on all classes of paper of all maturities, effective August 12,
1927.