Federal Reserve Board approves actions by the Boards of Directors of the Federal Reserve Banks of Dallas and New York

The following press release was published by the Board of Governors of the Federal Reserve System on March 17. It is reproduced in full below.

The Federal Reserve Board has approved action on Wednesday by the Board of directors of the Federal Reserve Bank Dallas and action on Thursday by the Board of Directors of the Federal Reserve Bank of New York, increasing the discount rate (the primary credit rate) at the Banks from 1/4 percent to 1/2 percent, effective immediately.

For media inquiries, please e-mail media@frb.gov or call 202-452-2955.

Source: Board of Governors of the Federal Reserve System