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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.