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X-7679

FEDERAL

RESERVE

BOARD

STATEMENT FOR THE PRESS

For r e l e a s e a t 3:00 P. M.

November 15, 1933*

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 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 l/2% e f f e c t i v e November 16,
1933.