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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.