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FEDERAL RESERVE BANK O F DALLAS DALLAS, TEXAS 75222 Circular No. 68-189 August 27, 1968 DISCOUNT RATES To All Member Banks in the Eleventh Federal Reserve D istrict: Effective August 28, 1968, this bank will decrease its rates on discounts 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 decreased from 5)4% per annum to 5% % 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 6% per annum to 5% % 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 6)4% to 6)4% Per annum. There is printed on the reverse side hereof a copy of revised Bulletin No. 1, dated August 28, 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 April 26, 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 August 28, 1968 (Superseding Bulletin No. 1, dated April 26, 1968) RATES FOR DISCOUNTS AND ADVANCES Under Sections 13, 13a, and 1 0 (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.........................554% (b) Advances under Section 1 0 (b )...............................................................5)4% 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...................................................................654% Yours very truly, P. E. Coldwell President (over)
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