Federal Reserve Bank of Chicago Discount Window

Current Interest Rates

Primary Credit

2.00%

Secondary Credit

2.50%

Seasonal Credit 1.60%
Fed Funds Target 1.25-1.50%
February 6, 2018

The Federal Reserve is providing updates to previously announced new Automated Loan Deposit (ALD) collateral report submission requirements affecting select institutions for Discount Window lending and Payment System Risk purposes, beginning in 2019 and targeted to take effect by year-end 2020.

January 31, 2018

The Federal Open Market Committee decided to maintain the current target range for the federal funds rate at 1.25 to 1.50 percent.

December 13, 2017

The Federal Open Market Committee decided to raise the current target range for the federal funds rate to 1.25 to 1.50 percent from 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.