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X-7451 FEDERAL RESERVE BOARD STATEMENT FOR THE PRESS For immediate r e l e a s e , June 7, 1933. The Federal Reserve Board announces t h a t t h e Federal Reserve Bank of S t . Louis has 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 Z%, e f f e c t i v e June 8, 1933.