Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Rediscount Rate of the Federal Reserve Bank of New York, Number X-4592, Volume 24, Page 297

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297
FEDERAL PV,,S .BYE BOARD
STAT^MEliT 7QR THE PRESS.
For Immediate r e l e a s e .

X-4592
A p r i l 22, 1926.
4 : 0 0 b 1 c l o c k p.m.

The F e d e r a l Reserve Board announces t h a t i t has approved
an a p p l i c a t i o n

'of t h e F e d e r a l Reserve Bank of New York f o r p e r -

m i s s i o n to e s t a b l i s h a r e d i s c o u n t r a t e of 3 1/2 p e r cent on a l l
c l a s s e s of p a p e r of a%l m a t u r i t i e s , e f f e c t i v e A p r i l 23, 1926.