Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: November 7, 2002

For immediate release

The Federal Reserve Board on Thursday approved actions by the Boards of Directors of the Federal Reserve Banks of Boston, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, Minneapolis, and Kansas City, decreasing the discount rate at the banks from 1-1/4 percent to 3/4 percent, effective immediately.

2002 Monetary policy

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Last update: November 7, 2002