Federal Reserve Board approves action by the Board of Directors of the Federal Reserve Bank of New York

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 16, 2015. It is reproduced in full below.

The Federal Reserve Board on Wednesday approved action by the Board of Directors of the Federal Reserve Bank of New York, increasing the discount rate (the primary credit rate) at the Bank from 3/4 percent to 1 percent, effective Dec. 17, 2015.

Source: Board of Governors of the Federal Reserve System