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Federal Reserve Board approves action by the Boards of Directors of the Federal Reserve Banks of Chicago, St. Louis, and Minneapolis

December 14, 2017

Federal Reserve Board approves action by the Boards of Directors of the Federal Reserve Banks of Chicago, St. Louis, and Minneapolis

For release at 4:45 p.m. EST

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

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