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

    Federal Reserve
    22 September 2022
    Published byFederal Reserve

    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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    Last Update: September 22, 2022