Salt Lake Telegram | 1931-05-14 | Page 18 | Richmond Reserve Bank Makes Cut in Rediscount Rate

Richmond Reserve Bank Makes Cut i Rediscount WASHINGTON May 14 federal reserve board anno day that the Federal Richmond has 11 i 3 1 2 to 3 PeL ce o classes of paper on aU tomorrow The Richmond bank w vas th of the federal 2 banks to reduce rediscount ut raK res ir Tate the last ten days e ti tiThe The other banks and the rates are Boston 2 per cen cent v York 1 12 1 per cent S per cent ent Cleveland 2 1 2 1 p Chicago 2 2 1 per cent and per cent The banks which h have e uc not reductions and the HI are Atlanta 3 per per cent cent St St. Loui per cent Minneapolis 3 2 1 Kansas City 3 2 1 per cent a Francisco 3 per cent