FRB: December 2008 Statistical Supplement--Federal Reserve Bank Interest Rates

Statistical Supplement | December 2008

Statistical Supplement to the Federal Reserve Bulletin, December 2008

1.14 Federal Reserve Bank Interest Rates

Percent per year

Current and previous levels | Range of rates for primary credit | Range of rates for adjustment credit in recent years

Current and previous levels
Federal Reserve Bank	Primary credit¹			Secondary credit²			Seasonal credit³
Federal Reserve Bank	On 12/12/08	Effective date	Previous rate	On 12/12/08	Effective date	Previous rate	On 12/12/08	Effective date	Previous rate
Boston	1.25	10/29/08	1.75	1.75	10/29/08	2.25	1.40	12/4/08	1.30
New York	1.25	10/29/08	1.75	1.75	10/29/08	2.25	1.40	12/4/08	1.30
Philadelphia	1.25	10/30/08	1.75	1.75	10/30/08	2.25	1.40	12/4/08	1.30
Cleveland	1.25	10/29/08	1.75	1.75	10/29/08	2.25	1.40	12/4/08	1.30
Richmond	1.25	10/30/08	1.75	1.75	10/30/08	2.25	1.40	12/4/08	1.30
Atlanta	1.25	10/31/08	1.75	1.75	10/31/08	2.25	1.40	12/4/08	1.30

Chicago	1.25	10/29/08	1.75	1.75	10/29/08	2.25	1.40	12/4/08	1.30
St. Louis	1.25	10/30/08	1.75	1.75	10/30/08	2.25	1.40	12/4/08	1.30
Minneapolis	1.25	10/30/08	1.75	1.75	10/30/08	2.25	1.40	12/4/08	1.30
Kansas City	1.25	10/29/08	1.75	1.75	10/29/08	2.25	1.40	12/4/08	1.30
Dallas	1.25	10/30/08	1.75	1.75	10/30/08	2.25	1.40	12/4/08	1.30
San Francisco	1.25	10/29/08	1.75	1.75	10/29/08	2.25	1.40	12/4/08	1.30
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Range of rates for primary credit
Effective date	Range (or level)-- All F.R. Banks	F.R. Bank of N.Y.
In effect Jan. 9, 2003 (beginning of program)	2.25	2.25
2003--June 25	2.00-2.25	2.00
2003--June 26	2.00	2.00
2004--June 30	2.00-2.25	2.25
2004--July 1	2.25	2.25
2004--Aug. 10	2.25-2.50	2.50
2004--Aug. 11	2.50	2.50
2004--Sept. 21	2.50-2.75	2.75
2004--Sept. 22	2.75	2.75
2004--Nov. 10	2.75-3.00	3.00
2004--Nov. 12	3.00	3.00
2004--Dec. 14	3.00-3.25	3.25
2004--Dec. 15	3.25	3.25
2005--Feb. 2	3.25-3.50	3.50
2005--Feb. 3	3.50	3.50
2005--Mar. 22	3.50-3.75	3.75
2005--Mar. 24	3.75	3.75
2005--May 3	3.75-4.00	4.00
2005--May 4	4.00	4.00
2005--June 30	4.00-4.25	4.25
2005--July 1	4.25	4.25
2005--Aug. 9	4.25-4.50	4.50
2005--Aug. 10	4.50	4.50
2005--Sept. 20	4.50-4.75	4.75
2005--Sept. 22	4.75	4.75
2005--Nov. 1	4.75-5.00	5.00
2005--Nov. 2	5.00	5.00
2005--Dec. 13	5.00-5.25	5.25
2005--Dec. 14	5.25	5.25
2006--Jan. 31	5.25-5.50	5.50
2006--Feb. 2	5.50	5.50
2006--Mar. 28	5.50-5.75	5.75
2006--Mar. 30	5.75	5.75
2006--May 10	5.75-6.00	6.00
2006--May 11	6.00	6.00
2006--June 29	6.00-6.25	6.25
2006--July 6	6.25	6.25
2007--Aug. 17	5.75-6.25	5.75
2007--Aug. 20	5.75	5.75
2007--Sept. 18	5.25-5.75	5.25
2007--Sept. 20	5.25	5.25
2007--Oct. 31	5.00-5.25	5.00
2007--Nov. 1	5.00	5.00
2007--Dec. 11	4.75-5.00	4.75
2007--Dec. 13	4.75	4.75
2008--Jan. 22	4.00-4.75	4.00
2008--Jan. 24	4.00	4.00
2008--Jan. 30	3.50-4.00	3.50
2008--Jan. 31	3.50	3.50
2008--Mar. 17	3.25-3.50	3.25
2008--Mar. 18	2.50-3.50	2.50
2008--Mar. 20	2.50	2.50
2008--Apr. 30	2.25-2.50	2.25
2008--May 1	2.25	2.25
2008--Oct. 8	1.75-2.25	1.75
2008--Oct. 9	1.75	1.75
2008--Oct. 29	1.25-1.75	1.25
2008--Oct. 31	1.25	1.25

In effect December 12, 2008	1.25	1.25
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Range of rates for adjustment credit in recent years⁴
Effective date	Range (or level)-- All F.R. Banks	F.R. Bank of N.Y.
In effect Dec. 31, 1995	5.25	5.25

1996--Jan. 31	5.00-5.25	5.00
1996--Feb. 3	5.00	5.00

1998--Oct. 15	4.75-5.00	4.75
1998--Oct. 16	4.75	4.75
1998--Nov. 17	4.50-4.75	4.50
1998--Nov. 19	4.50	4.50

1999--Aug. 24	4.50-4.75	4.75
1999--Aug. 26	4.75	4.75
1999--Nov. 16	4.75-5.00	4.75
1999--Nov. 18	5.00	5.00

2000--Feb. 2	5.00-5.25	5.25
2000--Feb. 4	5.25	5.25
2000--Mar. 21	5.25-5.50	5.50
2000--Mar. 23	5.50	5.50
2000--May 16	5.50-6.00	5.50
2000--May 19	6.00	6.00

2001--Jan. 3	5.75-6.00	5.75
2001--Jan. 4	5.50-5.75	5.50
2001--Jan. 5	5.50	5.50
2001--Jan. 31	5.00-5.50	5.00
2001--Feb. 1	5.00	5.00
2001--Mar. 20	4.50-5.00	4.50
2001--Mar. 21	4.50	4.50
2001--Apr. 18	4.00-4.50	4.00
2001--Apr. 20	4.00	4.00
2001--May 15	3.50-4.00	3.50
2001--May 17	3.50	3.50
2001--June 27	3.25-3.50	3.25
2001--June 29	3.25	3.25
2001--Aug. 21	3.00-3.25	3.00
2001--Aug. 23	3.00	3.00
2001--Sept. 17	2.50-3.00	2.50
2001--Sept. 18	2.50	2.50
2001--Oct. 2	2.00-2.50	2.00
2001--Oct. 4	2.00	2.00
2001--Nov. 6	1.50-2.00	1.50
2001--Nov. 8	1.50	1.50
2001--Dec. 11	1.25-1.50	1.25
2001--Dec. 13	1.25	1.25

2002--Nov. 6	0.75-1.25	0.75
2002--Nov. 7	0.75	0.75

In effect Jan. 8, 2003 (end of program)	0.75	0.75
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1. Available for very short terms as a backup source of liquidity to depository institutions that are in generally sound financial condition in the judgment of the lending Federal Reserve Bank. Return to table

2. Available in appropriate circumstances to depository institutions that do not qualify for primary credit. Return to table

3. Available to help relatively small depository institutions meet regular seasonal needs for funds that arise from a clear pattern of intrayearly movements in their deposits and loans. The discount rate on seasonal credit takes into account rates charged on market sources of funds and ordinarily is reestablished on the first business day of each two-week reserve maintenance period. Return to table

4. Was available until January 8, 2003, to help depository institutions meet temporary needs for funds that could not be met through reasonable alternative sources. For earlier data, see the following publications of the Board of Governors: Banking and Monetary Statistics, 1914-1941, and 1941-1970; the Annual Statistical Digest, 1970-1979, 1980-1989, and 1990-1995; and the Statistical Digest, 1996-2000. See also the Board's Statistics: Releases and Historical Data. Return to table

Statistical Supplement | December 2008 | Tips for printing wide tables | Symbols and Abbreviations

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Last update: January 9, 2009