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40.1 A meeting of the Federal Reserve Board was held in Washington on Thursday, October 19, 1933, at 4:15 p.m. PRESENT: Er. Er. Er. Er. Mr. Er. Black, Governor Hamlin Miller James Thomas Szymczak hr. Morrill, Secretary Er. Carpenter, Assistant Secretary Governor Black stated that Governer 'RAJ-risen of the Federal Reserve Bank of New York had just advised him over the telephone that the board of directors of the bank, at its sleeting today, had voted, Subject to review and determination of the Federal Reserve Board, to establish a rate of discount of 2% per annum for rediscounts of eligib10 Paper for member banks and advances to member banks linaer the tenne of sections 13 and 13(a) of the Federal Reserve Act, effective tram the opening of business October 20, 1933. The rate of 2% established by the directors of the New York bank was approved, effective October 20, 1933. Thereupon the meeting adjourned. eog, Approved: • 6-1/Li c decretary.
@FedFRASER