| For immediate release |
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The Federal Reserve Board today approved actions by the Boards of Directors of the Federal Reserve Banks of Atlanta, Chicago, Kansas City, and Dallas increasing the discount rate at those banks from 5-1/2 percent to 6 percent effective immediately. The Federal Reserve Board also today approved action by the Board of Directors of the Federal Reserve Bank of St. Louis increasing the discount rate at that bank from 5-1/2 to 6 percent effective Thursday, May 18, 2000. |