Full text of District Notices (Federal Reserve Bank of Dallas) : Discount Rates, Circular No. 70-42

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federal

Reser v e

bank

of

Dallas

DALLAS, TEXAS 7 5 2 2 2

Circular No. 70-42
February 18, 1970

DISCOUNT RATES

To All Member Banks in the
Eleventh Federal Reserve District:

Effective February 18, 1970, this Bank has increased its rate to
7j"2% from 7% on advances to individuals, partnerships and corpo­
rations other than member banks, under the last paragraph of Sec­
tion 13 of the Federal Reserve Act, secured by direct obligations of
the United States or by any obligation which is a direct obligation of,
or fully guaranteed as to principal and interest by, any agency of the
United States. No change has been made on advances to and dis­
counts for member banks.
There is printed on the reverse side hereof a copy of revised
Bulletin No. 1, dated February 18, 1970, which sets forth all of the
rates in effect at this Bank with respect to discounts and advances.
This bulletin should be inserted in the ring binder previously fur­
nished your bank in place of Bulletin No. 1, dated April 4, 1969.
Please acknowledge receipt of the bulletin on the enclosed postal
card.
Yours very truly,
P. E. Coldwell

President

(over)

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

BULLETIN NO. 1

FEDERAL RESERVE BANK
OF DALLAS

February 18, 1970
(Superseding Bulletin No. 1,
dated April 4, 1969)

RATES FOR DISCOUNTS AND ADVANCES
Under Sections 13, 13a, and 10(b) of the Federal Reserve Act

To All Member Banks in the
Eleventh Federal Reserve District:

The following rates with respect to discounts and advances under the Federal
Reserve Act are now in effect at this bank:

Per Annum

Discounts for and advances to member banks:

(a) Discounts and advances under Section 13 and 13a.........................

6%

(b) Advances under Section 1 0 (b ).......................................................... 6%%

,

Advances ( up to 90 days) to individuals partnerships and corporations:
Advances under the last paragraph of Section 13 secured by direct
obligations of the United States.............................................................. 7%%
Yours very truly,
P. E. Coldwell
President

(over)