Current Interest Rates

Primary Credit

1.75%

Secondary Credit

2.25%

Seasonal Credit

1.85%

Fed Funds Target

1.50-1.75%

Press Releases & Announcements

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

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.

FOMC Statement

May 04, 2022

The Federal Open Market Committee has increased the target range for the federal funds rate to .75 to 1.00 percent.

FOMC Statement

March 16, 2022

The Federal Open Market Committee has increased the target range for the federal funds rate to .25 to .50 percent.