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Final rule — earlier rate action codified

Fed publishes discount-rate rule reflecting September 17 increases

The September 30 Regulation A final rule sets primary credit at 4.00% and secondary credit at 4.50%, reflecting the Federal Reserve’s September 16 approval and rates applicable since September 17.

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Analysis

The codifying amendments take effect September 30. Analysis: funding dashboards should distinguish the earlier rate-applicability date from the legal publication date; this is not another rate increase on September 30.

What remains uncertain

Discount-window rates are distinct from , and the federal-funds target range. This publication does not establish a new FOMC decision.

Sources

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