November 01, 2007
Approval of the discount rate action of the Federal Reserve Banks of Boston, Philadelphia, Cleveland, Minneapolis, Kansas City, and Dallas
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, Minneapolis, Kansas City, and Dallas, decreasing the discount rate at the Banks from 5-1/4 percent to 5 percent, effective immediately.