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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.

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