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CIRCULAR NO. 1 . 6 FEDERAL RESERVE BANK OF N E W YORK 62 CEDAR STREET FEBRUARY 3, 1915. To THE CASHIER: You are advised that until further notice this bank has established the following rates of discount:— For notes, drafts and bills of exchange having maturity at time of discount of not more than thirty days 4% For notes, drafts and bills of exchange having maturity at time of disAlAJo count of more than thirty days and not more than ninety days For agricultural paper maturing in over ninety days but not over six months 5% Respectfully, B E N J . STRONG, JR., Governor.