Friday, June 30, 2006
WASHINGTON, June 29 (Reuters) - The U.S. Federal Reserve said on Thursday to accept a decision by the San Francisco Fed Bank to raise its discount rate to 6.25 percent from 6 percent, successful immediately.
Earlier in the day, the Fed permitted discount rate increases by 10 other Fed banks to 6.25 percent. Only the Kansas City Fed Bank has not raised its discount rate.
Earlier in the day, the Fed permitted discount rate increases by 10 other Fed banks to 6.25 percent. Only the Kansas City Fed Bank has not raised its discount rate.
posted by wilson @ 2:42 AM
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