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V F E D E R A L RESERVE BANK O F N E W YORK [Circular n Loan Department No. 369, May 4, 192ll [ s u p e r s e d i n g Circular No. 342, dated F e b r u a r y 4,1921J Rates of Discount To all Member Banks in the Second Federal Reserve District: You are advised t h a t this bank has established the following rates of discount effective from the opening of business on Thursday, May 5, 1921, until further notice and superseding all existing rates: Commercial Paper For advances not exceeding 15 days secured by all classes of eligible commercial paper, excepting bankers acceptances, and for rediscounts of such paper 6 ^ % United States Government Securities For advances not exceeding 15 days on Liberty Loan bonds, Victory notes or United States Treasury certificates of indebtedness and customers notes secured by any of the foregoing, and for rediscounts of customers notes, so secured, for periods not exceeding 90 days 6% Bankers Acceptances For advances not exceeding 15 days secured by bankers acceptances, and for rediscounts of same not exceeding 90 days 6% Very truly yours, B E N J . STRONG Governor
@FedFRASER