Fed Increases Bank Discount Rate to 11%

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Fed Increases Bank Discount Rate to 11%
Rare Split Vote by Board Ups Level to Record High Fed Increases Bank Discount Rate to 11%



Los Angeles Times (1923-Current File) - Los Angeles, Calif.
Date:	Sep 19, 1979
Start Page:	F14
Pages:	2
Section:	PART III
Text Word Count:	949



Abstract (Document Summary)



The Federal Reserve Board raised its bank lending rate to a record 11% Tuesday, continuing the trend toward higher interest rates that are driving up borrowing costs for businesses and consumers, including homeowners. Reproduced with permission of the copyright owner. Further reproduction or distribution is prohibited without permission.



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