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

July 28, 2022

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

For release at 3:30 p.m. EDT

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

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