Federal Reserve Board approves action by the Board of Directors of the Federal Reserve Bank of Philadelphia

The following press release was published by the Board of Governors of the Federal Reserve System on Sept. 20, 2019. It is reproduced in full below.

The Federal Reserve Board has approved an action by the Board of Directors of the Federal Reserve Bank of Philadelphia decreasing the discount rate (the primary credit rate) at the Bank from 2‑3/4 percent to 2-1/2 percent, effective immediately.

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Source: Board of Governors of the Federal Reserve System