Federal Reserve Bank of Chicago Discount Window

Current Interest Rates

Primary Credit

1.75%

Secondary Credit

2.25%

Seasonal Credit 1.25%
Fed Funds Target 1.00-1.25%
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.

September 20, 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.