Federal Reserve Bank of Chicago Discount Window

Current Interest Rates

Primary Credit

1.75%

Secondary Credit

2.25%

Seasonal Credit 1.30%
Fed Funds Target 1.00-1.25%
November 28, 2017
The Federal Reserve is announcing New Automated Loan Deposit (ALD) collateral report submission requirements affecting certain identified institutions for Discount Window lending and Payment System Risk purposes, effective in 2019. These changes are part of an initiative to ensure that institutions continue to receive precise fair market estimates for collateral pledged to the Federal Reserve.
November 1, 2017

The Federal Open Market Committee decided to maintain the current target range for the federal funds rate at 1.00 to 1.25 percent.

July 3, 2017

The Federal Reserve is implementing new collateral margins for discount window lending and payment system risk purposes, effective July 3, 2017.

December 1, 2014
The Federal Reserve Board announced changes to the Federal Reserve Policy on Payment System Risk (PSR policy), effective July 23, 2015. These changes are designed to enhance the efficiency of the payment system by aligning the PSR posting rules more closely with current operations for automated clearing house (ACH) debit transactions and commercial check transactions.