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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: May 1, 2008

For immediate release

The Federal Reserve Board on Thursday approved actions by the Boards of Directors of the Federal Reserve Banks of Boston, Philadelphia, Richmond, Minneapolis, and Dallas, decreasing the discount rate at the Banks from 2-1/2 percent to 2-1/4 percent, effective immediately.

Last update: May 1, 2008