Archive - 2005

Changes to Discount Window & PSR Margins
December 16, 2005

The margin for group deposited Commercial and Agricultural Loans that are Normal Risk Rated changed from 80% to 75%

FOMC Statement link off site
Source: The Federal Reserve Board

December 13, 2005

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 4.25 percent

Discount and PSR Margins Table Change
December 12, 2005

Effective 12/16/2005, the margin for group deposited Commercial and Agricultural Loans that are Normal Risk Rated is changing from 80% to 75%.

FOMC Statement link off site
Source: The Federal Reserve Board

November 1, 2005

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 4 percent

FOMC Statement link off site
Source: The Federal Reserve Board

September 20, 2005

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 3.75 percent

Withdrawal from the Noncash Collection Service
September 19, 2005

Effective December 31, 2005, depository institutions wishing to pledge definitive municipal securities to a Federal Reserve Bank for Discount Window or Payments System Risk purposes must do so through an approved third-party custodian. . .

FOMC Statement link off site
Source: The Federal Reserve Board

August 9, 2005

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 3.50 percent

National Collateral Administration Survey Results [PDF; 573K]
July 28, 2005

The Federal Reserve initiated the 2004 National Collateral Administration Satisfaction Survey as a formal means to gather input on the quality and effectiveness of the staff and processes supporting the pledge of collateral for the Discount Window.

FOMC Statement link off site
Source: The Federal Reserve Board

June 30, 2005

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 3.25 percent

FOMC Statement link off site
Source: The Federal Reserve Board

May 3, 2005

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 3 percent

Effective May 2, 2005: New Discount and PSR Collateral Margins
March 31, 2005

The Federal Reserve announces new collateral margins which will be come effective on May 2, 2005

FOMC Statement link off site
Source: The Federal Reserve Board

March 22, 2005

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 2.75

FOMC Statement link off site
Source: The Federal Reserve Board

February 2, 2005

The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 2.50 percent

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