Current Interest Rates

Primary Credit

3.00%

Secondary Credit

3.50%

Seasonal Credit

2.45%

Fed Funds Target

2.25-2.50%

Press Releases & Announcements

“In-scope” institutions can now submit their newly formatted Automated Loan Deposit (ALD) collateral reports

October 10, 2018

The Federal Reserve is announcing that previously identified “in-scope” institutions that are required to submit newly formatted ALD collateral reports can now submit them to their local Reserve Bank ahead of the May 2019 deadline. Affected institutions are encouraged to submit the new ALD collateral reports prior to the deadline to ensure they comply with Federal Reserve System requirements.

FOMC Statements

FOMC Statement

May 01, 2019

The Federal Open Market Committee decided to maintain the target range for the federal funds rate from 2.25 to 2.50 percent.

FOMC Statement

March 20, 2019

The Federal Open Market Committee decided to maintain the target range for the federal funds rate from 2.25 to 2.50 percent.