Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Rediscount Rate of Federal Reserve Bank of Minneapolis, Number X-9079, Volume 42, Page 11

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X -9079

STATBLISHT FOR THE PRESS

For immediate release

January 7, 1935.

The Federal Reserve Board announces that the Federal
Reserve Bank of Minneapolis has established a rediscount rate
of 2 l/2 per cent, effective January 8, 1935.