FRB approves action by the Board of Directors of the Federal Reserve Bank of Minneapolis
December 16, 2016 / Source: FRB
Release Date: December 15, 2016
For release at 1:15 p.m. EST
The Federal Reserve Board has approved action on Thursday by the Board of Directors of the Federal Reserve Bank of Minneapolis, increasing the discount rate (the primary credit rate) at the Bank from 1 percent to 1-1/4 percent, effective immediately.