Current Interest Rates

Primary Credit

5.25%

Secondary Credit

5.75%

Seasonal Credit

5.25%

Fed Funds Target

5.00 - 5.25%

Bank Term Funding Program

5.24%

June 5, 2023

Press Releases & Announcements

Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors

March 12, 2023

To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions  to help assure banks have the ability to meet the needs of all their depositors.  This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.

Announcing Updates to Loan Data Element Definitions Applicable to In-Scope Automated Loan Deposit (ALD) Collateral Submissions for Discount Window and Payment System Risk Purposes

August 01, 2022

The Federal Reserve announces changes to loan data elements affecting in-scope institutions’ ALD collateral submissions for Discount Window and Payment System Risk purposes, including an expanded range of acceptable credit scores, a new value for interest / principal payment frequency, and additional interest rate indices.

FOMC Statements

FOMC Statement

May 03, 2023

The Federal Open Market Committee has increased the target range for the federal funds rate to 5.00 to 5.25 percent.

FOMC Statement

March 22, 2023

The Federal Open Market Committee has increased the target range for the federal funds rate to 4.75 to 5.00 percent.

FOMC Statement

February 01, 2023

The Federal Open Market Committee has increased the target range for the federal funds rate to 4.50 to 4.75 percent.