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Circular No, 6
Series of 1920
FEDERAL RESERVE BANK
O F DALLAS
February 26th, 1920.
CHANGE IN RATES
TO ALL MEMBER BANKS:
In con form ity w ith telegram ju s t r e ce iv e d from
the Federal Reserve Board, you are hereby advised that
the d iscou n t ra te on member banks’ c o l l a t e r a l n o te s , s e
cured by United S tates C e r t if ic a t e s o f Indebtedness from
one to f i f t e e n days in c lu s iv e , has been in crea sed from
4 f$ to 5/£{ and the re d isco u n t ra te on custom ers' notes
secured by United States C e r t if ic a t e s o f Indebtedness on
a l l m a tu rities from one to n in ety days in c lu s iv e , has
been in crea sed from 4 f % to b%% th ese ra te s e f f e c t i v e today
and s u b je c t t® change w ithout n o t ic e .
You w i l l , t h e r e fo r e , k in d ly change, on your pink
rate card dated February 2nd, the rata shown in the f i r s t
l i n e (Member Banks’ C o lla te r a l N otes--S ecu red by U. S.
C e r t if ic a t e s o f In debtedn ess) from 4f% to 5%, making a
s im ila r change in both columns on the f i f t h lin e (R e d is c o u n ts -Customers* N otes--SecurQ d by U. S. C e r t if ic a t e s of In debted
ness) .
Yours very t r u ly ,
w
Governor
This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
@FedFRASER