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X-6898 I 1 2 I I 4 L 1 I S B R VB 1 o A I S STATEMENT FOB THE PRESS For r e l e a s e a t 6:00 p.m. May 21, 1931.. The F e d e r a l Reserve Board announces t h a t the Fede r a l Reserve Bank of San F r a n c i s c o has e s t a b l i s h e d a r e d i s count r a t e of 2 $ 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 May 22\ 1931,
@FedFRASER