Discount rate minutes released Tuesday revealed that directors at four Federal Reserve regional banks (Cleveland, Minneapolis, Kansas City, and Dallas) voted to increase the primary credit rate by a quarter-percentage-point to 4% in the days leading up to the Fed's July meeting. The Board of Governors, however, did not act on these requests and maintained the rate at 3.75%. At the July 28-29 joint meeting, policymakers voted to keep the federal funds target range at 3.5%-3.75%, with Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan dissenting in favor of a rate increase.