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FEDERAL RESERVE .BOAW
STATEMENT FOR THE PRESS
For Immediate Release

X-U0Q5
June IS, 1S?M.

4:30 o'clock p» nu
The Federal Reserve Board, announces that
the Federal Reserve Bank of St. Louis has reduced
i t s rediscount rate from 4g per cent to 4 per cent
on a l l c l a s s e s of paper of a l l maturities, e f f e c t i v e
June 19, 1924.