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X-6883 FEDERAL H I S H V E BOARD statement f o r t h e p r e s s For r e l e a s e a t 2:30 p.m. May 7, 1931. 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 1 | p e r c e n t on a l l c l a s s e s of paper of a l l m a t u r i t i e s , e f f e c t i v e May 8, 1931.
@FedFRASER