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1 5 1 X-6704 FEDERAL EES E R VE BOARD STATEMENT FOR -THE PRESS For r e l e a s e a t 4:00 p.m. September 11, 1930. The Federal Reserve Board announces t h a t the Federal Reserve Bank of Minneapolis 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 3 per 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 September 12, 1930.