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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: March 20, 2008

For immediate release

The Federal Reserve Board on Thursday approved action by the Board of Directors of the Federal Reserve Bank of Philadelphia, decreasing the discount rate at the Banks from 3-1/2 percent to 2-1/2 percent, effective immediately.

 
Last update: March 20, 2008