Federal Reserve Board governors met Monday to discuss the interest rate it charges banks on emergency loans, but the central bank made no announcement of a discount-rate increase.

The Fed said on its Web site that Chairman Ben Bernanke and Governors Kevin Warsh, Elizabeth Duke and Daniel Tarullo had met to review the discount rate.

When the Fed at the end of last week said its board would discuss the discount rate at the regular meeting, some analysts speculated that an increase would be announced Monday.

But the meeting likely wasn't indicative of that, as the Fed holds many routine meetings to formally review the discount rate.

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