Fed Funds Rate History
Filed at 5:38 p.m. EST
By The Associated Press
Changes in benchmark interest rates by the Federal
Reserve, since 1989:
FEDERAL FUNDS RATE
Nov. 17, 1998: 4.75 percent
Oct. 15, 1998: 5 percent
Sept. 29, 1998: 5.25 percent
March 25, 1997: 5.5 percent
Jan. 31, 1996: 5.25 percent
Dec. 19, 1995: 5.5 percent
July 6, 1995: 5.75 percent
Feb. 1, 1995: 6 percent
Nov. 15, 1994: 5.5 percent
Aug. 16, 1994: 4.75 percent
May 17, 1994: 4.25 percent
April 18, 1994: 3.75 percent
March 22, 1994: 3.5 percent
Feb. 4, 1994: 3.25 percent
Sept. 4, 1992: 3 percent
July 2, 1992: 3.25 percent
April 9, 1992: 3.75 percent
Dec. 20, 1991: 4 percent
Dec. 6, 1991: 4.5 percent
Nov. 6, 1991: 4.75 percent
Oct. 30, 1991: 5 percent
Sept. 13, 1991: 5.25 percent
Aug. 6, 1991: 5.5 percent
April 30, 1991: 5.75 percent
March 8, 1991: 6 percent
Feb. 1, 1991: 6.25 percent
Jan. 8, 1991: 6.75 percent
Dec. 19, 1990: 7 percent
Dec. 7, 1990: 7.25 percent
Nov. 16, 1990: 7.5 percent
Oct. 29, 1990: 7.75 percent
July 13, 1990: 8 percent
Dec. 20, 1989: 8.25 percent
Nov. 6, 1989: 8.5 percent
Oct. 16, 1989: 8.75 percent
July 27, 1989: 9 percent
July 7, 1989: 9.25 percent
June 6, 1989: 9.5 percent
Feb. 23, 1989: 9.75 percent
Feb. 3, 1989: 9.25 percent
DISCOUNT RATE
Nov. 17, 1998: 4.5 percent
Oct. 15, 1998: 4.75 percent
Jan. 31, 1996: 5 percent
Feb. 1, l995: 5.25 percent
Nov. 15, 1994: 4.75 percent
Aug. 16, 1994: 4 percent
May 17, 1994: 3.5 percent
July 2, 1992: 3 percent
Dec. 20, 1991: 3.5 percent
Nov. 6, 1991: 4.5 percent
Sept. 13, 1991: 5 percent
April 30, 1991: 5.5 percent
Feb. 1, 1991: 6 percent
Dec. 18, 1990: 6.5 percent
Feb. 24, 1989: 7 percent
Aug. 9, 1988: 6.5 percent
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