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Fe d e r a l Re se r v e bank of Da l l a s D ALLAS, TEXAS July 16, 1963 DISCOUNT R A T E S T o the Member Banks of the Eleventh Federal Reserve District: Effective July 17, 1963, this bank will increase its rates on discounts and advances as follow s: 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 increased from 3% per annum to 3^2 °/o per annum. The rate on advances to member banks under the provisions of Section 10(b) o f the Federal Reserve Act will be increased from 3^2°/o per annum to 4% 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 remain at 4^2 % per annum. There is printed on the reverse side hereof a copy of revised Bulletin No. 1, dated July 17, 1963, 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 September 9, 1960. Please acknowledge receipt of the bulletin on the enclosed postal card. Yours very truly, Watrous H. Irons President (over) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) BULLETIN NO. 1 July 17, 1 9 63 (Superseding Bulletin No. 1, dated September 9, 1960) FEDERAL RESERVE BANK OF DALLAS RATES FO R DISCOUNTS AND ADVANCES Under Sections 13, 13a, and 1 0 ( b ) o f the Federal Reserve Act T o the Member Banks of 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 fo r and advances to m em ber banks: P er Annum (a) Discounts and advances under Sections 13 and 13a.................... 3J4% (b) Advances under Section 1 0 ( b ) ......................................................... 4% Advances (u p to 9 0 days) to individuals, partnerships and corporations: Advances under the last paragraph of Section 13 secured by direct obligations of the United States......................................................... 4y2% Rebates of unearned discount on member bank notes and rediscounts anticipated before maturity will, as heretofore, until further notice, be made at the discount rate in effect at the time such paper is rebated, but in no case at a rate greater than that at which the paper was originally discounted. Yours very truly, Watrous H . Irons President Cover)
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