Full text of Federal Reserve Bank of New York Circulars : 11. Rates of Discount

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CIRCULAR NO.

II.

FEDERAL RESERVE BANK OF NEW YORK
6 2 CEDAR STREET

NEW YORK, December 18th, 1914.

To THE CASHIER:
SIR:

You are advised that until further notice this bank has established the following rates of
discount:
For notes, drafts and bills of exchange having a maturity at time of discount of
not more than thirty days, 5%.
For notes, drafts and bills of exchange having a maturity at time of discount of
more than thirty days but not more than sixty days, 5^4%.
For notes, drafts and bills of exchange having a maturity at time of discount of
more than sixty days but not more than ninety days, 6%.




Respectfully,
BENJ. STRONG, JR.,

Governor.