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FEDERAL RESERVE BOARD
STATEMENT FOE THE PRESS
For Immediate Release
3:00 o'clock p.m.

X-%091
June 17# 1924.

The Federal Reserve Board announces that
the Federal Reserve Bank of Atlanta has reduced i t s
rediscount rate from 4| per cent to 4 per cent on
all classes of paper of all iraturities, effective
June 18, 1924.