The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE BANK OF DALLAS DALLAS, TEXAS Circular No. 67-73 April 6, 1967 DISCOUNT RATES To all Member Banks in the Eleventh Federal Reserve District: Effective April 7, 1967, this bank will decrease its rates on dis counts and advances as follows: The rate on discounts for, and advances to, member banks under the provisions of Section 13 and 13a of the Federal Reserve Act will be decreased from 4j4% per annum to 4% per annum. The rate on advances to member banks under the provisions of Section 10(b) of the Federal Reserve Act will be decreased from 5% per annum to 4 per annum. The rate on advances to individuals, partnerships, and corpora tions, under the last paragraph of Section 13, secured by direct obliga tions of the United States, will be decreased from 5 to 5% per annum. There is printed on the reverse side hereof a copy of revised Bulletin No. 1, dated April 7, 1967, 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 furnished your bank, in place of Bulletin No. 1, dated December 10, 1965. Please acknowledge receipt of the bulletin on the enclosed postal card. Yours very truly, Watrous H. Irons President (over) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) FEDERAL RESERVE BANK OF DALLAS BULLETIN NO. 1 April 7, 1967 (Superseding Bulletin No. 1, dated December 10, 1965) RATES FOR DISCOUNTS AND ADVANCES Under Sections 13, 13a, and 10 (b) o f the Federal Reserve Act To the Member Banks of 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: Discounts fo r and advances to m e m b er banks: P er A nnum (a) Discounts and advances under Sections 13 and 13a..................... 4% (b) Advances under Section 1 0 (b )......................................................... 4^% Advances ( u p to 9 0 d a y s) to individuals, partnerships and corporations: Advances under the last paragraph of Section 13 secured by direct obligations of the United States.......................................................... 5% Rebates of unearned discount on member bank notes and rediscounts anticipated before maturity will, as heretofore, until further notice, be made at the discount rate in effect at the time such paper is rebated, but in no case at a rate greater than that at which the paper was originally discounted. Yours very truly, Watrous H. Irons President (over)
@FedFRASER