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Federal Reserve Bulletin, August, 1999
1.14 FEDERAL RESERVE BANK INTEREST RATES
Percent per year
Current and previous levels
Adjustment credit(1)
Federal Reserve On
Bank 7/9/99 Effective date Previous rate
Boston 4.50 11/18/98 4.75
New York 4.50 11/17/98 4.75
Philadelphia 4.50 11/17/98 4.75
Cleveland 4.50 11/19/98 4.75
Richmond 4.50 11/18/98 4.75
Atlanta 4.50 11/18/98 4.75
Chicago 4.50 11/19/98 4.75
St. Louis 4.50 11/19/98 4.75
Minneapolis 4.50 11/19/98 4.75
Kansas City 4.50 11/18/98 4.75
Dallas 4.50 11/17/98 4.75
San Francisco 4.50 11/17/98 4.75
Current and previous levels
Seasonal credit(2)
Federal Reserve On
Bank 7/9/99 Effective date Previous rate
Boston 5.00 7/1/99 4.90
New York 5.00 7/1/99 4.90
Philadelphia 5.00 7/1/99 4.90
Cleveland 5.00 7/1/99 4.90
Richmond 5.00 7/1/99 4.90
Atlanta 5.00 7/1/99 4.90
Chicago 5.00 7/1/99 4.90
St. Louis 5.00 7/1/99 4.90
Minneapolis 5.00 7/1/99 4.90
Kansas City 5.00 7/1/99 4.90
Dallas 5.00 7/1/99 4.90
San Francisco 5.00 7/1/99 4.90
Current and previous levels
Extended credit(3)
Federal Reserve On
Bank 7/9/99 Effective date Previous rate
Boston 5.50 7/1/99 5.40
New York 5.50 7/1/99 5.40
Philadelphia 5.50 7/1/99 5.40
Cleveland 5.50 7/1/99 5.40
Richmond 5.50 7/1/99 5.40
Atlanta 5.50 7/1/99 5.40
Chicago 5.50 7/1/99 5.40
St. Louis 5.50 7/1/99 5.40
Minneapolis 5.50 7/1/99 5.40
Kansas City 5.50 7/1/99 5.40
Dallas 5.50 7/1/99 5.40
San Francisco 5.50 7/1/99 5.40
Range of rates for adjustment credit in recent years(4)
Range (or F.R. Bank
Effective date level)--All of
F.R. Banks N.Y.
In effect Dec 31, 1977 6 6
1978--Jan. 9 6-6.5 6.5
20 6.5 6.5
May 11 6.5-7 7
12 7 7
July 3 7-7.25 7.25
10 7.25 7.25
Aug. 21 7.75 7.75
Sep. 22 8 8
Oct. 16 8-8.5 8.5
20 8.5 8.5
Nov. 1 8.5-9.5 9.5
3 9.5 9.5
1979--July 20 10 10
Aug. 17 10-10.5 10.5
20 10.5 10.5
Sep. 19 10.5-11 11
21 11 11
Oct. 8 11-12 12
10 12 12
1980--Feb .15 12-13 13
19 13 13
May 29 12-13 13
30 12 12
June 13 11-12 11
16 11 11
July 28 10-11 10
29 10 10
Sep. 26 11 11
Nov. 17 12 12
Dec. 5 12-13 13
8 13 13
1981--May 5 13-14 14
8 14 14
Nov. 2 13-14 13
6 13 13
Dec. 4 12 12
1982--July 20 11.5-12 11.5
23 11.5 11.5
Aug. 2 11-11.5 11
3 11 11
16 10.5 10.5
27 10-10.5 10
30 10 10
Oct. 12 9.5-10 9.5
13 9.5 9.5
Nov. 22 9-9.5 9
26 9 9
Dec. 14 8.5-9 9
15 8.5-9 8.5
17 8.5 8.5
1984--Apr. 9 8.5-9 9
13 9 9
Nov. 21 8.5-9 8.5
26 8.5 8.5
Dec. 24 8 8
1985--May 20 7.5-8 7.5
24 7.5 7.5
1986--Mar. 7 7-7.5 7
10 7 7
Apr. 21 6.5-7 6.5
23 6.5 6.5
July 11 6 6
Aug. 21 5.5-6 5.5
22 5.5 5.5
1987--Sept. 4 5.5-6 6
11 6 6
1988--Aug. 9 6-6.5 6.5
11 6.5 6.5
1989--Feb. 24 6.5-7 7
27 7 7
1990--Dec. 19 6.5 6.5
1991--Feb. 1 6-6.5 6
4 6 6
Apr. 30 5.5-6 5.5
May 2 5.5 5.5
Sept. 13 5-5.5 5
17 5 5
Nov. 6 4.5-5 4.5
7 4.5 4.5
Dec. 20 3.5-4.5 3.5
24 3.5 3.5
1992--July 2 3-3.5 3
7 3 3
1994--May 17 3-3.5 3.5
18 3.5 3.5
Aug. 16 3.5-4 4
18 4 4
Nov. 15 4-4.75 4.75
17 4.75 4.75
1995--Feb. 1 4.75-5.25 5.25
9 5.25 5.25
1996--Jan. 31 5.00-5.25 5.00
Feb. 5 5.00 5.00
1998--Oct. 15 4.75-5.00 4.75
Oct. 16 4.75 4.75
1998--Nov. 17 4.50-4.75 4.50
Nov. 19 4.50 4.50
In effect July 9, 1999 4.50 4.50
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