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FEDERAL RESERVE BANK OF CHICAGO 79 WEST MONROE STREET Bulletin No . 52. August 31 , 1916 . DISCOUNT RATES TO THE MEMBER BANKS OF DISTRICT NUMBER SEVEN : The discount rate applying to maturitie from 31 to 60 days has been reduced 1/2 of 11" , effective this date . The current rates are as follows: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3½1o for maturities : Within 10 days maturities: From 11 to 60 day s 4½fo for maturities: From 61 to 90 days 41" for 51" for maturities: From 91 days to 6 months Respectfully , JAMES B. McDOUGAL Governor .