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F E D E R A L RESERVE BANK O F N E W YORK ~ [Circular Uepartment [superseding Circular No. 369, dated May 4, 1921.J N o . 381, June 15, 192ll Rates of Discount To all Member Banks in the Second Federal Reserve District: You are advised that, effective from the opening of business on Thursday, June 16, 1921, until further notice and superseding all existing rates, this bank has established a rate of 6 per cent, for all rediscounts and advances. Very truly yours, B E N J . STRONG Governor