October 07, 1979 (vol. 90, iss. 28) • Page Image 3
… The Michigan Daily-Sunday, October 7, 1979-Pae 3 Federal Reserve ups lending rate to 12% BILLIARDS at Reduced Rates every day to 6 pm atthe UNION Open 10 am Monday thru Friday 1 pm Saturday & Sunday From AP and Reuter WASHINGTON - The Federal Reserve Board, mounting a major anti- inflation campaign, announced last night a dramatic one per cent increase in the interest rate charged member banks. p 0The Fed's so-called "discount" len- ding ra...…