Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: May 17, 2001


For immediate release

The Federal Reserve Board today approved actions by the Boards of Directors of the Federal Reserve Banks of Philadelphia, Cleveland and Minneapolis, decreasing the discount rate at those banks from 4 percent to 3-1/2 percent, effective immediately.

2001 Monetary policy


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Last update: May 17, 2001