Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Rediscount Rate of Federal Reserve Bank of Philadelphia, Number X-5079, Volume 28, Page 307

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X-5079

FEDti.RAt RESERVE J30.ARD

ST.A':EMENT FOR THE PRESS
\

For immediate release.

February 15, 1928.
3 o'clock p.m.

•

The Federal Reserve :Board announces
that the Federal Reserve Barik of Philadelphia has
established a rediscount rate of 4 per cent on
all classes
February 16,




of

paper of all maturities, effective

1928~