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FRB approves action by the Boards of Directors of Federal Reserve Banks of New York and St. Louis

March 15, 2017 / Source: FRB

Press Release

Release Date: March 15, 2017

For release at 4:15 p.m. EDT

The Federal Reserve Board has approved actions on Wednesday by the Boards of Directors of the Federal Reserve Banks of New York and St. Louis, increasing the discount rate (the primary credit rate) at the Banks from 1-1/4 percent to 1-1/2 percent, effective March 16, 2017.

2017 Monetary Policy Releases