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FEDERAL RESERVE BANK
OF NEW YORK

PCircular No. 1092, February 25, 1932H
Superseding Circular No. 1062
Dated October 15, 1931
J

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

District:

You are advised that, effective from the opening of business Friday, February 26,
1932, until further notice and superseding the existing rate, this bank has established
a rate of 3 per cent for all rediscounts and advances.




GEORGE L. HARRISON,

Governor.