12:55 a.m. CDT

Tropical Storm Bill has lost strength and been downgraded to a depression as it dumps rain on Central Texas.

Just before 1 a.m. Wednesday, the National Hurricane Center said the center of the depression was located about 40 miles east of Austin.

Bill was moving northward at 13 mph and was expected to continue in that direction later Wednesday with a turn to the northeast on Thursday.

The center says maximum sustained winds have decreased to about 35 mph.

The system was expected to weaken further over the next 48 hours, though it was still likely to bring 4 to 8 inches of rain to eastern Texas and Oklahoma. Western Arkansas and southern Missouri could see 3 to 6 inches.

The tropical storm warning along the Texas Gulf Coast has been canceled.