March 15, 2017
Federal Reserve Board approves action by the Boards of Directors of the Federal Reserve Banks of New York and St. Louis
For release at 4:15 p.m. EDT
The Federal Reserve Board has approved actions on Wednesday by the Boards of Directors of the Federal Reserve Banks of New York and St. Louis, increasing the discount rate (the primary credit rate) at the Banks from 1-1/4 percent to 1-1/2 percent, effective March 16, 2017.