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X-7076 1 1 2 1 2 1 1 R E S1B i 1 b o a r d STATEMENT FOR THE PRESS For r e l e a s e a t 4:00 p.m. January 27, 1932. The Federal Reserve Board, announces t h a t the Federal Reserve Bank of Dallas has e s t a b l i s h e d a rediscount r a t e of 3^r p e r 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 January 28, 1932.