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FEDERAL RESERVE BANK OF CHICAGO
78

WEST

MON R O E

STREET

DIRECTORS

OFFICERS

W.F. MgLALLEN

W.A.HEATH
JAM ES B. M ~DOUGAL GOVERNOR
C ~ R . Mc;KAY

DEPUTY GOV ERNOR

W.F. Mc;LALLEN SECRETARY
B . G. M~CLOUD CAS HIER

S. B . CRAM ER

ASST.

CHAIRMAN ANO FEDERAL RESERVE AGENT ·

DEPUTY FEDERAL RESERVE AGENT

J. W. BLODGETT GRAND RAPIDS. MICH .

E. L.JOHNSON WATERLOO, IOW A

J. 8. FORGAN CHICAGO,ILLINOIS

E.T. MEREDITH DES MOINE S, IOWA

M . 8 . HUTCH ISON OTTUMWA,IOWA

G. M . REYNOLDS CHICAGO,ILLINOIS

CAS H IE R

A . H . VQG EL MI LWAUKEE.W I SCONSIN

November 30, 1917.
Bulletin No. 89.

DISCOUNT RATES.

-------------

TO THE MEMBER BANKS OF DISTRICT NUMBER SEVEN:
Discount rates effective as of today are as follows:

MEMBER BANKS' P~OMISSORY NOTES

s½t

for· maturities: within 15 days (when secured by U. S.

Government Bonds or Ce r tificates or Indebtedness)
4

'!,.

f or maturities: within 15 days (when secured by
eligible paper)

REDISCOUNTS
SECURED BY LIBERTY LO AN BONDS OR U. S. TREAS URY CERTIFICATES


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

3½t for maturities : within 15 days
4 1o for maturities : from 16 to 90 days

OTaER REDlSCOUNTS
4 t
4½1o
5 i
5tfo

for
for
for
for

maturities :
maturities:
maturities:
maturities:

within 15 days
from 16 to 60 days
from 61 to 90 days
from 91 days to 6 months.

TRADE ACCEPTANCES
3¼fo for maturities: within 60 days
4 %for maturities: from 61 to 90 days
Respectfully,

JAMES B. McDOUGAL
Governor.