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-5065, Volume 28, Page 282

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I
1.

X-5065

FEDERAL RESERVE BOARD
STATEkENT FOR THE PRESS

February 2, 1928

For immediate release.

The Federal Reserve Board announces that the Federal
Reserve Bank of New York has established a rediscount rate
of 4 per cent on all classes of paper of all maturities,
effective




Febnk~ry

3, 1928.