| 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 Boston, Richmond, Atlanta and Kansas City reducing the discount at those banks from 4-3/4 percent to 4-1/2 percent effective immediately. The Federal Reserve Board also today approved action by the Board of Directors of the Federal Reserve Bank of St. Louis reducing the discount rate at that bank from 4-3/4 percent to 4-1/2 percent effective Thursday, November 19, 1998. |