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

The following press release was published by the Board of Governors of the Federal Reserve System on Sept. 27, 2018. It is reproduced in full below.

The Federal Reserve Board has approved actions on Thursday by the Boards of Directors of the Federal Reserve Banks of New York and Minneapolis, increasing the discount rate (the primary credit rate) at the Banks from 2-1/2 percent to 2-3/4 percent, effective immediately.

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Source: Board of Governors of the Federal Reserve System