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Fe d e r a l reserve bank of Da l l a s DALLAS. TEXAS February 11,1954 DISCOUNT RATES To the Member Banks of the Eleventh Federal Reserve District: Effective February 15, 1954, this bank will reduce its rates on discounts 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 reduced from 2% per annum to 1%% per annum. The rate on advances to member banks under the provisions of Section 10(b) of the Federal Reserve Act will be reduced from 2j4% per annum to 2j^% per annum. There is printed on the reverse side hereof a copy of revised Bul letin No. 1, dated February 15, 1954, which sets forth all of the rates in effect at this bank with respect to discounts, advances, and com mitments. This bulletin should be inserted in the ring binder previously furnished your bank in place of Bulletin No. 1, dated January 23, 1953. Please acknowledge receipt of the bulletin on the enclosed postal card. Yours very truly, W. D. Gentry First Vice President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
@FedFRASER