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Bulletin No. 135.

FEDERAL RESERVE BANK OF CHICAGO
79 WEST

MONROE

STREET

April 2, 1919.

DISCOUNT RATES
TO THE MEMBER BANKS OF DISTRICT NUMBER SEVEN:

Discount rates effective as of April 3rd are as follows:
MEMBER BANKS' P ROMISSORY NOTES

4% for maturities within 15 days (when secured by U. S. Government Bonds
or Certificates of Indebtedness).
4% for maturities within 15 days (when secured by eligible paper).
5% for maturities within 15 days (when secured by War Finance Corporation
Bonds).
REDISCOUNTS

SECURED BY LIBERTY LOAN BONDS OR U. S. TREASURY CERTIFICATES.
4% for maturities within 15 days.
4¼ % for maturities from 16 to 90 days.
SECURED BY 4TH LIBERTY LOAN BONDS PROVIDED THE PAPER OFFERED HAS BEEN DISCOUNTED BY MEMBER BANK AT
RATE NOT EXCEEDING 4¼ %, •
4% for maturities within 90 days.
SECURED BY WAR FINANCE CORPORATION BONDS.
5% for maturities within 15 days.
5¾ % for maturities from 16 to 90 days.
OTHER REDISCOUNTS

4% for maturities within 15 days.
4¾ % for maturities from 16 to 90 days.
5½ % for maturities from 91 days to 6 months.
TRADE ACCEPTA.NOES.

4% for maturities within 15 days.
4½ % for maturities from 16 to 90 days.


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

Respectfully,
JAMES B. McDOUGAL,
Governor.