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-9203, Volume 42, Page 401

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X-9203

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STATEMENT FOR THE PRESS

For relep.se at 3:00 p. m«

May 8, 1935

The Federal Reserve Board announces that the Federal
Reserve Bank of Richmond has established a rediscount rate
of 2 per cent, effective May 9, 1935.