December 16, 2015
Federal Reserve Board approves action by the Board of Directors of the Federal Reserve Bank of New York
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.