Full text of District Notices (Federal Reserve Bank of Dallas) : Discount Rates, Circular No. 68-104

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Federal Reser ve Bank
DALLAS, TEXAS

of

Da l l a s

75222

Circular No. 68-104
April 26, 1968

DISCOUNT RATES
To All Member Banks in the
Eleventh Federal Reserve District:
Effective April 26, 1968, this bank will increase its rates on dis­
counts and advances as follows :
The rate on discounts for, and advances to, member banks under
the provisions of Sections 13 and 13a of the Federal Reserve Act will
be increased from 5% per annum to
per annum.
The rate on advances to member banks under the provisions of
Section 10(b) of the Federal Reserve Act will be increased from
5y!>% per annum to 6% 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 increased from 6fo to 6 J 2 co per
/ f
annum.
There is printed on the reverse side hereof a copy of revised
Bulletin No. 1, dated April 26, 1968, 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 March 15, 1968.
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)

FEDERAL RESERVE BANK
OF DALLAS

BULLETIN NO. 1
April 26, 1968
(Superseding Bulletin No. 1,
dated March 15, 1968)

RATES FOR DISCOUNTS AND ADVANCES
Under Sections 13, 13a, and 10(b ) o f 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:
Discounts for and advances to m em ber banks:

Per Annum

(a) Discounts and advances under Sections 13 and 13a........................ 5^2%
(b) Advances under Section 1 0 (b ).............................................................. 6%
Advances (u p to 90 days) to individuals, partnerships and corporations :
Advances under the last paragraph of Section 13 secured by direct
obligations of the United States...................................................................6yi%
Yours very truly,
P. E. Coldwell

(over)

President