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FEDERAL RESERVE BOARD STATEMENT FOR THE PRESS X-6023 For immediate r e l e a s e . A p r i l 23, 1928. 3 o ' c l o c k p . m. The F e d e r a l Reserve Board announces t h a t the Fede r a l Reserve Bank of Richmond h a s e s t a b l i s h e d a r e d i s count r a t e of 4 l / 2 p e r c e n t 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 A p r i l 24, 1938.
@FedFRASER