Press Release
![Federal Reserve Press Release](https://webarchive.library.unt.edu/eot2008/20090117091716im_/https://www.federalreserve.gov/gifjpg/PRimage.gif)
Release Date: December 17, 2008
For immediate release
The Federal Reserve Board on Wednesday approved actions by the Boards of Directors of the Federal Reserve Banks of Boston and Dallas, decreasing the discount rate at the Banks from 1-1/4 percent to 1/2 percent, effective immediately.
Last update:
December 17, 2008