Federal Reserve Board approves discount rate action by the Boards of Directors of the Federal Reserve Banks of New York,…

September 22, 2022

Federal Reserve Board approves discount rate action by the Boards of Directors of the Federal Reserve Banks of New York, Minneapolis, and San Francisco

For release at 4:45 p.m. EDT

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

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