Salt Lake Tribune | 1915-01-14 | Page 5 | New Rules Field by Reserve Board

HEW MILES FILED BY RESERVE BOARD Early Regulations Found to Be Too Stringent for Operation VTASnTno Jan 13 Tb fed al riser e boa 1 tonight made public r cu u t n oir ertlfleation of mm al acr presented Jor reals unt at f 1 al rerre banks The lar s 1 t al k 111 a pro I out, one n tb s bj excel t that It provide hat aw cu .late nent of an officer of the 1 snk applvln(r for a rediscount 1 at tb o K al loan by the d (count nc a k was na le for purposes with n r w of the act ahall be nufli t u I July 1j Januar, 13 was the irtna t tne lira t set by the board 1 1 e board announced also that other r lars nu era,) ing thosi pre ious asuod anl LotermnR the informal on 1 0 I e g c V a member bank seek ag j ed b ou t i Id be sent out shortlv j rig nail Iruwn these regulationa t lounl to be too etr ct and n he ii w form tl ey are expected to j c m etut to red scounting opera , 1 on 1 K discount rates were approved by th I oard toda as follows B chmond lour and one half per cent matur t es to thlrtv da , 5 per cent th rt to s xty davs and 5 per c t f r lu ger maturit es, Cle eland Four and one half per ent maturit es to thlit dara S per ent thirty to n nty cays and 6 per ent for longer Dallas Four and one half per cent to thirty days, 5 per cent th rtv to tlxtv days, ana 6 per cent for longer