Changes To The Fed Funds And Discount Rates

January 1, 1990 - August 5, 2008

Latest FOMC: August 5 - Fed leaves Fed Funds and Discount Rates unchanged.

DATE   FED FUNDS RATE   DISCOUNT RATE January 1, 1990   8.25%   7.00% July 13, 1990 0.25% 8.00%   October 29, 1990 0.25% 7.75%   November 14, 1990 0.25% 7.50%   December 7, 1990 0.25% 7.25%   December 19, 1990 0.25% 7.00% 0.50% 6.50% January 8, 1991 0.25% 6.75%   February 1, 1991 0.50% 6.25% 0.50% 6.00% March 8, 1991 0.25% 6.00%   April 30, 1991 0.25% 5.75% 0.50% 5.50% August 6, 1991 0.25% 5.50%   September 13, 1991 0.25% 5.25% 0.50% 5.00% October 10, 1991 0.25% 5.00%   November 6, 1991 0.25% 4.75% 0.50% 4.50% December 11, 1991 0.25% 4.50%   December 20, 1991 0.50% 4.00% 1.00% 3.50% April 9, 1992 0.25% 3.75%   July 2, 1992 0.50% 3.25% 0.50% 3.00% September 4, 1992 0.25% 3.00%   February 4, 1994 0.25% 3.25%   March 22, 1994 0.25% 3.50%   April 18,1994 0.25% 3.75%   May 17, 1994 0.50% 4.25% 0.50% 3.50% August 16, 1994 0.50% 4.75% 0.50% 4.00% November 15, 1994 0.75% 5.50% 0.75% 4.75% February 1, 1995 0.50% 6.00% 0.50% 5.25% July 6, 1995 0.25% 5.75%   December 19, 1995 0.25% 5.50%   January 31, 1996 0.25% 5.25% 0.25% 5.00% March 25, 1997 0.25% 5.50%   September 29, 1998 0.25% 5.25%   October 15, 1998 0.25% 5.00% 0.25% 4.75% November 17, 1998 0.25% 4.75% 0.25% 4.50% June 30, 1999 0.25% 5.00%   August 24, 1999 0.25% 5.25% 0.25% 4.75% November 16, 1999 0.25% 5.50% 0.25% 5.00% February 2, 2000 0.25% 5.75% 0.25% 5.25% March 21, 2000 0.25% 6.00% 0.25% 5.50% May 16, 2000 0.50% 6.50% 0.50% 6.00% January 3, 2001 0.50% 6.00% 0.25% 5.75% January 4, 2001       0.25% 5.50% January 31, 2001 0.50% 5.50% 0.50% 5.00% March 20, 2001 0.50% 5.00% 0.50% 4.50% April 18, 2001 0.50% 4.50% 0.50% 4.00% May 15, 2001 0.50% 4.00% 0.50% 3.50% June 27, 2001 0.25% 3.75% 0.25% 3.25% August 21, 2001 0.25% 3.50% 0.25% 3.00% September 17, 2001 0.50% 3.00% 0.50% 2.50% October 2, 2001 0.50% 2.50% 0.50% 2.00% November 6, 2001 0.50% 2.00% 0.50% 1.50% December 11, 2001 0.25% 1.75% 0.25% 1.25% November 6, 2002 0.50% 1.25% 0.50% 0.75%

January 2003 -- Change to "primary - secondary" discount rates.

June 25, 2003   0.25% 1.00%   0.25% 2.00% June 30, 2004   0.25% 1.25%   0.25% 2.25% August 10, 2004   0.25% 1.50%   0.25% 2.50% September 21, 2004   0.25% 1.75%   0.25% 2.75% November 10, 2004   0.25% 2.00%   0.25% 3.00% December 14, 2004   0.25% 2.25%   0.25% 3.25% February 2, 2005   0.25% 2.50%   0.25% 3.50% March 22, 2005   0.25% 2.75%   0.25% 3.75% May 3, 2005   0.25% 3.00%   0.25% 4.00% June 30, 2005   0.25% 3.25%   0.25% 4.25% August 9, 2005   0.25% 3.50%   0.25% 4.50% September 20, 2005   0.25% 3.75%   0.25% 4.75% November 1, 2005   0.25% 4.00%   0.25% 5.00% December 13, 2005   0.25% 4.25%   0.25% 5.25% January 31, 2006   0.25% 4.50%   0.25% 5.50% March 28, 2006   0.25% 4.75%   0.25% 5.75% May 10, 2006   0.25% 5.00%   0.25% 6.00% June 29, 2006   0.25% 5.25%   0.25% 6.25% August 17, 2007     5.25%   0.50% 5.75% September 18, 2007   0.50% 4.75%   0.50% 5.25% October 31, 2007   0.25% 4.50%   0.25% 5.00% December 11, 2007   0.25% 4.25%   0.25% 4.75% January 22, 2008   0.75% 3.50%   0.75% 4.00% January 30, 2008   0.50% 3.00%   0.50% 3.50% March 16, 2008       3.00%   0.25% 3.25% March 18, 2008   0.75% 2.25%   0.75% 2.50% April 30, 2008   0.25% 2.00%   0.25% 2.25%

FOMC Meeting calendar for 2008.

January 29-30 Rate Cut: 0.50%	March 18 Rate Cut: 0.75%	April 29-30 Rate Cut: 0.25%	June 24-25 NO CHANGE
August 5 NO CHANGE	September 16	October 28-29	December 16

FOMC meeting calendars for 2001 - 2007

Latest FOMC Press Release - August 5, 2008 meeting