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

The following press release was published by the Board of Governors of the Federal Reserve System on March 15, 2017. It is reproduced in full below.

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.

Source: Board of Governors of the Federal Reserve System