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X-7443

FEDERAL

RESERVE

BOARD

STATEMENT FOR THE PRESS
• ;•
For immediate r e l e a s e .

May 25, 1933,

The Federal Reserve Board announces t h a t t h e Federal
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
2 3/2 p e r cent e f f e c t i v e May 26, 1933.