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G E N E R FILE A L - RXTUBN TO Reproduced from the Unclassified / Declassified Holdings of the National Archives Reproduced from the Unclassified / Declassified Holdings of the National Archives k £C S A M U E L M O N T A G U & CO. L B R O A D S T R/E E T , 2/ E. L. FRANKLIN. HON. L. S. MONTAGU, D. S OS. E. FRANKLIN. LORD SWAYTHLING. C M. E. FRANKLIN. D KESWICK. L . F R A N C K (BELGIAN) 114, O L D Z U L J & iM TE LE P H O N E : LO N D O N WALL 6 4 -6 4 . JCM CABLE ADDRESS MONTAGU, LONDON. // L O N D O N , E.C.2 14th July, 1939. The Board of Governors of The Federal Reserve System, Washington, D.C. U. S. A. Dear Sirs, Replying to your letter of the 6th Instant regarding the discount rate of the Bank of Spain as shown in our Weekly Review of Foreign Exchanges, we would inform you that on 27th November 1938 Reuter reported from Burgos that the commercial discount rate of the Bank of Nationalist Spain was to be lowered from 4i per cent, to 4 per cent, with effect from 1st December 1938* Thereafter, we learned on 27th April this year that the rate had become the official discount rate of the Bank of Spain, and we have confirmed this information with the London Agency of that institution. The official discount rate of 5 per cent, applied to the Bank of Spain under the old regime, and to the best of our knowledge was in force in the territory controlled by Republican Spain up to the end of the civil war. Yours faithfully, Reproduced from the Unclassified / Declassified Holdings of the National Archives | REC'D IN FILES SECTION^ I JUL 7 1P3P ^ j <£ 1I f■ •C. / 'f< " T k±4 .Z < $M & !*.+4*3 * Zx " ka Z c d ^, ( M ■h~\ %\ o - deti July 6, 1959 Messrs. Samuel-Montagu and Co., 114 Old Broad street, London, E. C. 2, England. Gentlemen* In the April 27 issue of your wWeekly Review of Foreign Exchanges” it is stated that the official discount rate of the Bank of Soaln is now 4 percent, t We have received no notice of a change since that of July IS, 1935, when the rate became 5 percent* We should appreciate it if you would inform us as to the source of your information. Very truly yours, (Signed) E. A. GOLDFNW£Ig$ti E. i. Goldenweiser, Director, Division of Research and Statistics, EGP/lgf F O R FILES EE x-f Zi 7 / V/3f E - A . G o Jd e c w r is e r Reproduced from the Unclassified / Declassified Holdings of the National Archives Bank of New York telephoned this morning that the New York News Bureau ticker had an item show ing that the Bank of France had increased its rate of discount from Z % to 5%. > The of this year rate has been in effect since July 9 Reproduced from the Unclassified / Declassified Holdings of the National Archives BEG1D I I FIT ^ c:m ' .'X OB i; A P R % S 1944 f' / * 1i X " June 4, 1956 <lf ? . Kr, Carpenter Change in discount rate of Mr, Goldenweleer the Netherlands Bank The discount rate of the Netherlands Bank has been raised froe 5 1/2 Percent to 4 l/2 percent, effective June 4, 1956, rate of 5 1/2 percent went Into effect on May 50, 1956, j ' The previous , r., £ - Keproduced from the Unclassified / Declassified Holdings of the National Archives Form F. R. 131 BOARD OF GOVERNORS FEDERAL RESERVE SYSTEM Office Correspondence Mr. Carpenter F rom Mr. Goldenweiser D a te S u b je c t : Change in discount rate of the Bank of Italy A The discount rate of the Bank of Italy has been reduced from 5 percent to 4 l/2 percent, effective May 18, 1956. The previous ^ rate of 5 percent went into effect on September 9, 1955. D Keproduced from the Unclassified / Declassified Holdings of the National Archives BOARD OF GOVERNORS r im OF THE FED ER A L RESERVE SYSTEM Office Correspondence T o ________M r . Carpenter______________ F ro m Mr. Goldenweise: /)„ ' ' D atic April 7j 1956 _Change i n discs S u b je c t : the Bank of Jaoan The discount rate of the Bank of Japan has been reduced from 5.65 percent to 5.285 percent, effective April 7, 1956. rate of 5.65 percent went into effect on July 5, 1935* The previous Reproduced from the Unclassified / Declassified Holdings of the National Archives \ vX F o r m N o . 1 81 O ffice Correspondence To. Mr. Carpenter From. tiOv" •• • FEDERAL RESERVE BOARD Date__ February 5, 1956 M r . Gold enwei s e Subject: Change in\ disco' FOR CIRCULATION First to Mr, J \ ^ cP jt ) \ A .... ... Qy M, M r r, 'A 1—82 6 5 ^/) - The discount rate of the Netherlands Bank has been reduced from / Mr. Rro<jerick^j!^f_„_ M . S’ m c z a t o r y A ‘r eo /y 2 l/2 percent, effective February 4, 1956. c K -/"a percent went into effect January 16, 1956. ................ M r , Ransom T i t . 7 ? — * - . M r . M orrison ) The previous rate of ^ / y Reproduced from the Unclassified / Declassified Holdings of the National Archives F o r m N o . 131 Urrice lorresponaence FEDERAL RESERVE BR 0D A To_________ Mr. Carpenter______________ From_______ Mr. _GQlclenvr eiser( , A/ ] ( 2 ___ 2 ?• '" “ r .w w is. ^ Subject: Change in Discoi \ ____ ___N eth erlands Bank_____ ________ __ 1 ^ 5 w +, aU - The discount rate of the Netherlands Bank has been reduced L l/2 to 3 percent, effective January 16, 1956. f m C .9 T V X C * *' J* ■ ' u,x K R Mi C Mr. Hamlin. rate of 3 l / 2 ....................................... Mr. M i l t e r . .. ^ ... . . . . . . . . . . . . Mr. James Mr. Thomas f Mr. S z y - r s k ................ . ................ * M r. ’ r The previous^ percent went into effect November 15, 1955. ^ "* y
