View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

F E D E R A L RESERVE B A N K
O F N E W YORK

Loan Department

[Circular No. 414, November 2, 19211

^vi* •

LSnpereedlng Circular No. 402, dated Sept. 21,1921. J

c^«. "'"""

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

You are advised that, effective from the opening of business on Thursday,
November 3, 1921, until further notice and superseding all existing rates, this bank
has established a rate of 4/4 per cent, for all rediscounts and advances.




Very truly yours,
B E N J . STRONG,

Governor