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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: September 20, 2007

For immediate release

The Federal Reserve Board on Thursday approved actions by the Boards of Directors of the Federal Reserve Banks of Philadelphia and Chicago, decreasing the discount rate at the Banks from 5-3/4 percent to 5-1/4 percent, effective immediately.

Last update: September 20, 2007