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X-6477 FEDERAL RESERVE BOARD SIATElffiHT FOR THE PRESS Washington, D. C. For r e l e a s e a t 3 : 0 0 P.M. J a n u a r y 15, 1930. 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 P h i l a d e l p h i a h a s 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 4 l / 2 $ on a l l c l a s s e s of p a p e r of a l l m a t u r i t i e s , e f f e c t i v e J a n u a r y 16, 1930.