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-9092, Volume 42, Page 33

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2 -9 0 9 2

F E D E R A L

R E S E R V E

B O A R D

STATEMENT FOR THE PRESS

For release at 3s00 P. M«

January 16, 1935.

The Federal Reserve Board announces that the
Federal Reserve Bank of Philadelphia has established
a rediscount rate of 2% effective January 17, 1935.