Current Interest Rates

Primary Credit

5.00%

Secondary Credit

5.50%

Seasonal Credit

4.75%

Fed Funds Target

4.75 - 5.00%

Press Releases & Announcements

Announcing the Discount Window Direct application

June 24, 2024

The Federal Reserve Banks announce the rollout of Discount Window Direct (DWD), an online application for the Discount Window that enables users to conduct FRB Discount Window activities in a new, modernized and convenient way.

FOMC Statements

FOMC Statement

September 18, 2024

The Federal Open Market Committee decided to decrease the target range for the federal funds rate at 4.75 to 5.00 percent.

FOMC Statement

July 31, 2024

The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 5.25 to 5.50 percent.

FOMC Statement

June 12, 2024

The Federal Open Market Committee decided to maintain the target range for the federal funds date at 5.25 to 5.50 percent.