Archive - 2003

FOMC Statement link off site
Source: The Federal Reserve Board

December 9, 2003

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 1 percent

FOMC Statement link off site
Source: The Federal Reserve Board

October 28, 2003

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 1 percent

FOMC Statement link off site
Source: The Federal Reserve Board

September 16, 2003

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 1 percent

FOMC Statement link off site
Source: The Federal Reserve Board

August 12, 2003

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 1 percent

Agencies Issue Guidance on Appropriate Use of Discount Window link off site
Source: The Federal Reserve Board

July 23, 2003

The federal banking, thrift, and credit union regulatory agencies today issued guidance on the appropriate use of the Federal Reserve's new primary credit discount window program in depository institutions' liquidity risk management and contingency planning.

FOMC Statement link off site
Source: The Federal Reserve Board

June 25, 2003

The Federal Open Market Committee decided today to lower its target for the federal funds rate by 25 basis points to 1 percent

FOMC Statement link off site
Source: The Federal Reserve Board

May 6, 2003

The Federal Open Market Committee decided to keep its target for the federal funds rate unchanged at 1.25 percent

FOMC Statement link off site
Source: The Federal Reserve Board

January 29, 2003

The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1.25 percent

Federal Reserve Board Press Release link off site
Source: The Federal Reserve Board

January 6, 2003

The Federal Reserve Board announced Monday it has approved requests by the twelve Federal Reserve Banks to establish primary and secondary credit rates of 2.25 percent and 2.75 percent, respectively, effective January 9, 2003

Current Interest Rates
Primary Credit 0.75%
Secondary Credit 1.25%
Seasonal Credit 0.25%
Fed Funds Target 0 - 0.25%