The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Circular No. 29 Series of 1919 FEDERAL RESERVE BA NK OF DALLAS DALLAS, TEXAS, December 15, 1919. DISCOUNT RATES Superseding All Previous Rates TO TH E MEMBER BANKS OF D ISTRICT No. 11: Effective immediately, and subject to change without notice, the Board of Directors of the Fed eral Reserve Bank of Dallas has adopted, and the Federal Reserve Board has approved, rates of dis count as follows: 16 to 90 Days 15 Days and less 91 Days to Six Months Member Bank Collateral Notes— Secured Secured Secured Secured by by by by Treasury Certificates of Indebtedness Liberty Bonds or Victory Notes......... Eligible Paper........................................ War Finance Corporation Bonds....... Rediscounts— Secured by Treasury Certificates of Indebtedness... Secured by Liberty Bonds or Victory Notes......... Rediscounts— Secured by War Finance Corporation Bonds ................................................................. Rediscounts— Commercial Paper................................ Rediscounts—Agricultural or Live Stock Paper....... Rediscounts— Trade Acceptances .............................. 4>4% 5% 5% 6% 4>4% 5% 4>4% 5% 6% 5% 5% 5% 6% 5% 5% 5% 5% % M ATU RITIES NOT ELIG IB LE W H E R E RATES NOT QU OTED Notes secured by mixed Government securities issued after April 24, 1917, including Liberty Loan Bonds, Victory Notes, and Treasury Certificates, will take the highest rate carried by either of those se curities. Bankers’ acceptances purchased at market rates subject to agreement. The interest rate on eligible outstanding Bill of Lading drafts for which immediate credit is given will, until further notice, be 5%. Attention is called to stamp tax requirements as explained in our Circular No. 4, Series of 1919. Respectfully, Acting Governor. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
@FedFRASER