New York, Sept. 12.
In order to maintain low interest rates, the United States Federal Reserve Board to-day announced a two-point programme providing for the liberation of $300,000,000 sterilized gold and the purchase of Government securities on the open market by the Reserve Board. Announcement of the Board's plan followed a two-day session of the Board's open market committee The effect of the programme will be to raise the supply of bank funds available for loan by $30,000,000, plus Whatever sum the Board expends on Government securities—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.