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FEDERAL RESERVE BANK
OF NEW YORK

L

Circular No. 1061, October 8. 1931 I
Superseding; Circular No. 1035
Dated May 7, 1931

Rate of Discount
To all Member Banks in the Second Federal Reserve District:

You are advised that, effective from the opening of business Friday, October 9,
1931, until further notice and superseding the existing rate, this bank has established
a rate of 2M> per cent for all rediscounts and advances.




GEORGE L. HARRISON,

Governor,