Business: 3 1/2% Money

The Federal Reserve Banks which last week offered a 3½% re-discount rate, in line with the pre-arranged 3½% rate recently set by the Kansas City bank (TlME, Aug. 8; Aug. 15) were:

New York Kansas City

Boston Atlanta

Cleveland St. Louis

Richmond Dallas

Those continuing with the 4% rate were:

Chicago Minneapolis

Philadelphia San Francisco


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