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X-4i42 FEDERAL RESERVE BOARD STATEMEHtfT FOR THE PRESS Forbilirmediats Eel ease, 3:00 o ' c l o c k , p.m. August 23, 1924. The Federal Reserve Board announces t h a t t h e Federal Reserve Bank of San Francisco has reduced i t s r e d i s count r a t e from 4f t o 33$ a l l c l a s s e s of paper of a l l ma- t u r i t i e s , e f f e c t i v e Monday, August, 25th.