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Federal Reserve Board approves action by the Board of Directors of the Federal Reserve Bank of New York

June 14, 2018

Federal Reserve Board approves action by the Board of Directors of the Federal Reserve Bank of New York

For release at 1:30 p.m. EDT

The Federal Reserve Board has approved 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 Bank from 2-1/4 percent to 2-1/2 percent, effective immediately.

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