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FEDERAL RESERVE BANK OF CHICAGO 79 WEST MONROE STREET OFFICERS DIRECTORS C . H . BOSWORTH .JAMES B.M1:DOUGAL GOVERNOR C.R . Mc;;KAY DEPUTY GOVERNOR W . F. M ':= LALLEN SECRETARY B . G. M1:CLOUO CASHIER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis W . F'". M~LALLEN CHAIRMAN ANO FE'OERAL RESERVE AGENT DEPUTY FEDERAL RESERVE AGENT J . B . FORGAN , CHICAGO, ILLIN0IS E. . T . MEREOITH , DES MOINES , IOWA M . B. HUTCH ISON , OTTUMWA,IOWA G . M . REYNO L0S,CH1CAG0, ILLL N0 JS E . L . JOHNSON, WATERLOO, IOWA A . H . VOGEL , MILWAUKEE , WISCONSIN H . B . .JOY, DETROtT, MICHIGAN Dullotin No. 40 December 11, 1915 . ,lUTES FO:a ~::JISCOUN'.1.1 TO THE 1!EMDER BA~JKS OF DIS'.l:P.ICT NUNiBER SEVEN: ·.rne Feu.era.1 Reserve Bank of Chicago has established this date a ~ discount rc..t e on paper maturing within ten days. The c·c1rrent rates ar3 as folloY, s : - ;,-t-% for matur.i. ties: Within 1% fo:r m,q,turitios: 10 days F,:om 11 to 60 days t.:-Mb fo:::· maturities: From 61 to 90 days 5% From 91 days to 6 months for matu:rities: Very respectfully, J &IBS B. McDOUGAL Governor