Full text of Federal Reserve Bank of New York Circulars : 656. Rates of Discount

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FEDERAL RESERVE BANK
OF NEW YORK
rCircular No. 656, February 26, 1925

Credit and Discount
Department

I
L

Superseding Circular No. 622,
Dated August 7, 1924

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
27,1925, 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. STBONG,

Governor.