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-6534, Volume 32, Page 335

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X-6534

F E D E R A L

R E S E R V E

B O A R D

s n A m m m f o r the prbss

For immediate r e l e a s e .

March 13, 1930.

The F e d e r a l Reserve Board announces t h a t t h e F e d e r a l Reserve
Bank of New York has e s t a b l i s h e d a r e d i s c o u n t r a t e of 3 l / 2 p e r c e n t
on a l l c l a s s e s of p a p e r of a l l m a t u r i t i e s , e f f e c t i v e March 14, 1930.