August 31, 2026

Budget, Personal Loans

Four Reserve Banks Sought a 4% Discount Rate in July, Fed Minutes Show

Tall stone columns and the white marble facade of a neoclassical American central bank headquarters building photographed at golden hour under a deep blue late summer sky, with empty granite steps in the foreground

The Federal Reserve Board disclosed that four Reserve Bank boards asked for a 4 percent discount rate on July 29, double the number that made the request nine days earlier.

Mitch Strohm
August 31, 2026