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-6255, Volume 30, Page 205

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'205·
X-6255
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STATEMENT FOR THE PRESS

For Release at 3:00 p. m.

The Federal Reserve

March 1, 1929.

~oard

announces that the

Federal Reserve ~ank of Dallas has established a rediscount rate Of 5 per cent on all classes of paper
of all maturities, effective March 2, 1929.