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federal reserv e Bank of Dallas DALLAS, TEXAS 7 5 2 2 2 Circular No. 68-271 December 18, 1968 DISCOUNT RATES To All Member Banks in the Eleventh Federal Reserve District: Effective December 18, 1968, this bank will increase 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 increased from per annum to Sy2% 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 5% % 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 6% % to Per annum. There is printed on the reverse side hereof a copy of revised Bulletin No. 1, dated December 18, 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 August 28, 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) F E D E R A L R E SE R V E B A N K O F DALLAS BU L L E T IN NO . 1 D e c em b e r 1 8 , 1 9 6 8 (Superseding Bulletin No. 1, dated August 28, 1968) R A T E S F O R D ISC O U N T S A N D AD VAN CES U n d er S ection s 1 3 , 1 3 a , a n d 1 0 ( b ) o f llie F ed era l R eserv e 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: D iscounts fo r and advances to m e m b e r b a n k s: P er A nnum (a) Discounts and advances under Sections 13 and 13a...................... 5j4% (b) Advances under Section 10(b )........................................................... 6% Advances ( u p to 9 0 d a y s) to individuals, pa rtn e rsh ip s a n d corporations: Advances under the last paragraph of Section 13 secured by direct obligations of the United States............................................................... 6% % Yours very truly, P. E. Coldwell President (over)
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