Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Rediscount Rate of Federal Reserve Bank of Richmond, Number X-5054, Volume 28, Page 219

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X-5054

FEDERAL RESERVE

J30ARD

STATEMEHT FOR THE PRESS

For im@ed&Gte release

4:30 o•clock p.n.
January 26, 1928.

The Federal Reserve Board announces that the Federal
Reserve Barik of Richmond has established a rediscount rate
of 4 per cent on all classes of paper of all maturities,
effective January 27, 1928 •

•