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FEDERAL RESERVE BANK OF NEW YORK Loan and Discount ["Circular No 833 February 2 1928"! n«n«,im»n# Superseding Circular No. 799, Department [_ Dated August 4, 1927 Rate 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 3, 1928, 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. STEONG, Governor. \ J