Federal Reserve Board approves actions by the Boards of Directors of the Federal Reserve Banks of New York, Philadelphia, St. Louis, Minneapolis, and Dallas

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 20, 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, Philadelphia, St. Louis, Minneapolis, and Dallas, increasing the discount rate (the primary credit rate) at the Banks from 2-3/4 percent to 3 percent, effective immediately.

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Source: Board of Governors of the Federal Reserve System