Full text of Federal Reserve Bank of New York Circulars : 622. Rates of Discount

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FEDERAL RESERVE BANK
OF NEW YORK

\

I" Circular No. 622, August 7, 1924
I Superseding
Circular
No. 613,
L
Dated June 11, 1924

Discount Department

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, August 8,
1924, until further notice and superseding all existing rates, this bank has established
a rate of 3 per cent, for all rediscounts and advances.




Very truly yours,
BENJ. STRONG,

Governor.