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X-6303

FEDERAL RESERVE

BOARD

statement for the press

Washingten, D* 0 .
For r e l e a s e a t 2*00 p« m.

May 4, 1929.

The Federal Reserve Board announces t h a t the
Federal Reserve Bank of Kansas City has e s t a b l i s h e d a
r e d i s c o u n t r a t e of 5$ 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 May 6, 1929.