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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: December 16, 2015

For release at 4:15 p.m. EST

The Federal Reserve Board on Wednesday approved action by the Board of Directors of the Federal Reserve Bank of New York, increasing the discount rate (the primary credit rate) at the Bank from 3/4 percent to 1 percent, effective December 17, 2015.

Last update: December 16, 2015