Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Rediscount Rate of Federal Reserve Bank of San Francisco, Number R-68, Volume 47, Page 137

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137
R-68

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

STATEMENT FOR THE PRESS
For release at 4:00 p.m.

September 2, 1937.

The Board of Governors of the Federal Reserve System today approved the action of the directors of the Federal Reserve
Bank of San Francisco in reducing the discount rate from ?.% to
1ยง56, effective September S, 1937.