| For immediate release |
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The Federal Reserve Board today approved actions by the Boards of Directors of the Federal Reserve Banks of Cleveland, Richmond, Minneapolis and Kansas City, decreasing the discount rate at those banks from 3-1/2 percent to 3-1/4 percent, effective immediately. The Federal Reserve Board today also approved action by the Board of Directors of the Federal Reserve Bank of St. Louis, decreasing the discount rate at that bank from 3-1/2 percent to 3-1/4 percent, effective Friday June 29, 2001. |