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X-9055 LE.R.I 2. A l l IE I E ®£.££.£. STATElvGNT FOR TliE PRESS For r e l e a s e a t 5:00 p# m» December 20, 1954# The F e d e r a l Reserve Board announces t h a t t h e F e d e r a l Reserve Bank of Kansas C i t y 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 2 l / 2 per c e n t , e f f e c t i v e December 21, 1934 •