Show GROUPS AGREE ON CREDIT Bill Rediscounting Extended to All Banks of Less Than Capital c I iy t W WASHINGTON Fe Feb 24 4 Senate Senale and house houge conferees tn reachel-tn agreement agreement agreement agree agree- ment today d y on the final terms of oC the Glass credit expansion bill A compromise was WilS reached whereby whereby where where- by the emergency rediscounting privilege privilege privilege lege allowed by the bill would be extended ex cx- tended to all banks of less than 5 capitalization It also was agreed to make the emergency provisions for one year rather than for or two as provided by bythe bythe bythe the senate The provision allowing banks in groups of five to obtain special rediscounting rediscounting redis redis- counting privileges from the federal reserve system was made permanent rather than for fOI one year as provided by the house In allowing banks o of less than 5 5 5 capitalization to obtain special special cial rediscounting privileges for one year at the federal reserve the legislation legislation legis legis- lation laUon excludes only 62 of the member banks o of the federal reserve reser s system Conferees were unanimous in their decision and the compromise bill will be taken laken before the senate and house for Cor final action immediately |