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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who started this subject8/10/2004 7:02:20 AM
From: Elroy Jetson  Read Replies (1) of 110194
 
What does it mean that the Fed Funds rate is at 1.25%?

Nothing of any substance beyond public relations.

The real rate is the Discount Rate, currently at 2.25%. This is the rate banks pay to borrow from the Fed.

On February 9, 2003 the Fed created two Discount Rates. A Primary rate for short-term borrowing by "sound banks" and a Secondary rate for others.

__________________ Primary _ Secondary
06/31/04 - 08/10/04 __ 2.25% ___ 2.75%
06/26/03 - 06/30/04 __ 2.00% ___ n/a
01/09/03 - 06/25/03 __ 2.25% ___ n/a
11/07/02 - 01/08/03 __ 0.75% ___ n/a
12/13/01 - 11/06/02 __ 1.25% ___ n/a
11/07/01 - 12/12/01 __ 1.50% ___ n/a
10/03/01 - 11/06/01 __ 2.00% ___ n/a
09/17/01 - 10/02/01 __ 2.50% ___ n/a
08/22/01 - 09/16/01 __ 3.00% ___ n/a
06/28/01 - 08/21/01 __ 3.25% ___ n/a
05/17/01 - 06/27/01 __ 3.50% ___ n/a
04/18/01 - 05/16/01 __ 4.00% ___ n/a
03/20/01 - 04/17/01 __ 4.50% ___ n/a
01/31/01 - 03/19/01 __ 5.00% ___ n/a
01/04/01 - 01/30/01 __ 5.50% ___ n/a
05/18/00 - 01/03/01 __ 6.00% ___ n/a
03/21/00 - 05/17/00 __ 5.50% ___ n/a
02/03/00 - 03/20/00 __ 5.25% ___ n/a
11/18/99 - 02/02/00 __ 5.00% ___ n/a

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