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-6981, Volume 35, Page 452

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X-6981

Z i D BH AL l l S l i n

BOARD

STATEMENT FOR THE PRESS

For immediate release

October 8, 1931,

The Federal Reserve Board announces that the Federal
Reserve Bank of New York has established a rediscount r a t e of
3jk per cent on a l l classes 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
October 9, 1931;