Current Interest Rates

Primary Credit

2.25%

Secondary Credit

2.75%

Seasonal Credit

1.70%

Fed Funds Target

1.50-1.75%

Press Releases & Announcements

Updated Collateral Margins Table

July 01, 2019

The Federal Reserve is implementing updated collateral margins for discount window lending and payment system risk purposes, effective July 1, 2019.

FOMC Statements

FOMC Statement

October 30, 2019

The Federal Open Market Committee decided to lower the target range for the federal funds rate to 1.5 to 1.75 percent.

FOMC Statement

September 18, 2019

The Federal Open Market Committee decided to lower the target range for the federal funds rate to 1.75 to 2.00 percent.