Increase in discount rate.The Federal Reserve Board approved on September September: see month. 20, 2005, an action by the Board of Directors of the Federal Reserve Bank of San Francisco The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, , increasing the discount rate at the Bank from 4 1/2 percent to 4 3/4 percent. The Board also approved an action by the Board of Directors of the Federal Reserve Bank of St. Louis Louis, titular duke of Burgundy Louis, 1682–1712, titular duke of Burgundy; grandson of King Louis XIV of France. He became heir to the throne on the death (1711) of his father, Louis the Great Dauphin. , increasing the discount rate at the Bank from 4 1/2 percent to 4 3/4 percent, effective September 21, 2005. On September 22, 2005, the Federal Reserve Board approved actions by the Boards of Directors of the Federal Reserve Banks of Cleveland Cleveland, former county, England Cleveland, former county, NE England, created under the Local Government Act of 1972 (effective 1974). It was composed of the county boroughs of Hartlepool and Teeside and parts of the former counties of Durham and , Atlanta, and Dallas, increasing the discount rate at the Banks from 4 1/2 percent to 4 3/4 percent. |
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