Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Rediscount Rate of Federal Reserve Bank of New York, Number X-4651, Volume 25, Page 64

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64.
X-4651

STl~.T.EMZ!JT

F03 THE PP.ESS.

August 12, 1926.
3:30 olcloek p• m.

For tmmodiate release.

The FedElrc.l Reserve Boord o.nnounces thAt it ha.s o.pprovod
c.n opplication of. tho Fodorn.l

~esorvc

Bo.nk of Ne'fl: York for ponnis-

siou to establish a. rediscount rate of 4 per cent on__ t;Lll classes
. of po.pcr of all maturities, effective August 13, 1926 •.