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FEDERAL RESERVE BANK OF NEW YORK "Circular No. 942, November 14, 1929") Superseding Circular No. 938 Dated October 31, 1929 J Rate of Discount To all Member Banks in the Second Federal Reserve District: You are advised that, effective from the opening of business Friday, November 15, 1929, until further notice and superseding the existing rate, this bank has established a rate of 4% per cent for all rediscounts and advances. GEORGE L. HARRISON, Governor. •