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-6418, Volume 31, Page 213

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X-6418

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RESERVE

BOARD

STATEMENT FOR THE PRESS

For release 3:30 P. M.

November 14, 1929.

The Federal Reserve Board announces that the Federal
Reserve Bank of New York has established a rediscount rate of
4 l / 2 per cent on a l l classes of paper of a l l maturities,
e f f e c t i v e November 15, 1929.