Current Interest Rates

Primary Credit

3.25%

Secondary Credit

3.75%

Seasonal Credit

3.30%

Fed Funds Target

3.00-3.25%

Press Releases & Announcements

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.

USD LIBOR-Linked Collateral

January 12, 2022

As the one-week and two-month USD LIBOR settings are no longer published, financial institutions are reminded that it is important to ensure loans and securities pledged as collateral to their Reserve Banks for Discount Window and Payment System Risk purposes continue to comply with all usual eligibility requirements. 

FOMC Statements

FOMC Statement

September 21, 2022

The Federal Open Market Committee decided to increase the target range for the federal funds rate to 3.00 to 3.25 percent.

FOMC Statement

July 27, 2022

The Federal Open Market Committee has increased the target range for the federal funds rate to 2.25 to 2.50 percent.

FOMC Statement

June 15, 2022

The Federal Open Market Committee has increased the target range for the federal funds rate to 1.50 to 1.75 percent.