skip to main navigation skip to secondary navigation skip to content
Board of Governors of the Federal Reserve System
skip to content

Press Release

Federal Reserve Press Release

Release Date: December 16, 2008

For immediate release

The Federal Reserve Board on Tuesday approved actions by the Boards of Directors of the Federal Reserve Banks of Chicago and Kansas City, decreasing the discount rate at the Banks from 1-1/4 percent to 1/2 percent, effective immediately.

The Board also approved an action by the Board of Directors of the Federal Reserve Bank of St. Louis, decreasing the discount rate at the Bank from 1-1/4 percent to 1/2 percent, effective December 17, 2008.

 
Last update: December 16, 2008