Full text of Mimeograph Letters and Statements of the Board : Statement for the Press Announcing Rediscount Rate of Federal Reserve Bank of St. Louis, Number X-6096, Volume 29, Page 96

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FEDERAL RESERVE BOARD
STATEMENT FOR THE PRESS

X-6096
F o r immediate r e l e a s e .

J u l y 1 8 , 1928.

The F e d e r a l R e s e r v e Board announces t h a t the F e d e r a l
R e s e r v e Bank of S t . L o u i s h a s e s t a b l i s h e d a r e d i s c o u n t
r a t e of 5 p e r c e n t 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 J u l y 1 9 , 1928.