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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.