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FRB approves action by the Board of Directors of the Federal Reserve Bank of Minneapolis

December 16, 2016 / Source: FRB

Press Release

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.

2016 Monetary Policy Releases