Full text of Federal Reserve Bank of New York Circulars : 531. Rates of Discount

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FEDERAL RESERVE BANK
OF NEW YORK

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DlSCOUnt Department

Circular

No

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531

ยป February 21, 1923 1

(.Superseding Circular No. 469, dated June 21, 1922J

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

You are advised that, effective from the opening of business on Friday, February 23, 1923, until further notice and superseding all existing rates, this bank
has established a rate of 4 ^ per cent, for all rediscounts and advances.




Very truly yours,
BENJ. STRONG,

Governor