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FEDERAL RESERVE BANK OF NEW YORK •Circular No. 847, May 17, 1928") Superseding: Circular No. 833 Dated February 2, 1928 J Loan and Discount Department 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, May 18, 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. STRONG, Governor.
@FedFRASER