4.00
0.00
1.00
2.00
3.00
5.00
6.00
7.00
Jan-95
Jan-96
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Date
Jan-02
Jan-03
Federal Funds Rate
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Title: Effective Federal Funds Rate
Series ID: FEDFUNDS
Source: Board of Governors of the Federal Reserve System
Release: H.15 Selected Interest Rates
Seasonal Adjustment: Not Applicable
Frequency: Monthly
Units: Percent
Date Range: 1954-07-01 to 2008-09-01
Last Updated: 2008-10-07 8:35 AM CDT
Notes: Averages of Daily Figures
DATE VALUE
1954-07-01 0.80
1954-08-01 1.22
1954-09-01 1.06
1954-10-01 0.85
1954-11-01 0.83
1954-12-01 1.28
1955-01-01 1.39
1955-02-01 1.29
1955-03-01 1.35
1955-04-01 1.43
1955-05-01 1.43
1955-06-01 1.64
1955-07-01 1.68
1955-08-01 1.96
1955-09-01 2.18
1955-10-01 2.24
1955-11-01 2.35
1955-12-01 2.48
1956-01-01 2.45
1956-02-01 2.50
1956-03-01 2.50
1956-04-01 2.62
1956-05-01 2.75
1956-06-01 2.71
1956-07-01 2.75
1956-08-01 2.73
1956-09-01 2.95
1956-10-01 2.96
1956-11-01 2.88
1956-12-01 2.94
1957-01-01 2.84
1957-02-01 3.00
1957-03-01 2.96
1957-04-01 3.00
1957-05-01 3.00
1957-06-01 3.00
1957-07-01 2.99
1957-08-01 3.24
1957-09-01 3.47
1957-10-01 3.50
1957-11-01 3.28
1957-12-01 2.98
1958-01-01 2.72
1958-02-01 1.67
1958-03-01 1.20
1958-04-01 1.26
1958-05-01 0.63
1958-06-01 0.93
1958-07-01 0.68
1958-08-01 1.53
1958-09-01 1.76
1958-10-01 1.80
1958-11-01 2.27
1958-12-01 2.42
1959-01-01 2.48
1959-02-01 2.43
1959-03-01 2.80
1959-04-01 2.96
1959-05-01 2.90
1959-06-01 3.39
1959-07-01 3.47
1959-08-01 3.50
1959-09-01 3.76
1959-10-01 3.98
1959-11-01 4.00
1959-12-01 3.99
1960-01-01 3.99
1960-02-01 3.97
1960-03-01 3.84
1960-04-01 3.92
1960-05-01 3.85
1960-06-01 3.32
1960-07-01 3.23
1960-08-01 2.98
1960-09-01 2.60
1960-10-01 2.47
1960-11-01 2.44
1960-12-01 1.98
1961-01-01 1.45
1961-02-01 2.54
1961-03-01 2.02
1961-04-01 1.49
1961-05-01 1.98
1961-06-01 1.73
1961-07-01 1.17
1961-08-01 2.00
1961-09-01 1.88
1961-10-01 2.26
1961-11-01 2.61
1961-12-01 2.33
1962-01-01 2.15
1962-02-01 2.37
1962-03-01 2.85
1962-04-01 2.78
1962-05-01 2.36
1962-06-01 2.68
1962-07-01 2.71
1962-08-01 2.93
1962-09-01 2.90
1962-10-01 2.90
1962-11-01 2.94
1962-12-01 2.93
1963-01-01 2.92
1963-02-01 3.00
1963-03-01 2.98
1963-04-01 2.90
1963-05-01 3.00
1963-06-01 2.99
1963-07-01 3.02
1963-08-01 3.49
1963-09-01 3.48
1963-10-01 3.50
1963-11-01 3.48
1963-12-01 3.38
1964-01-01 3.48
1964-02-01 3.48
1964-03-01 3.43
1964-04-01 3.47
1964-05-01 3.50
1964-06-01 3.50
1964-07-01 3.42
1964-08-01 3.50
1964-09-01 3.45
1964-10-01 3.36
1964-11-01 3.52
1964-12-01 3.85
1965-01-01 3.90
1965-02-01 3.98
1965-03-01 4.04
1965-04-01 4.09
1965-05-01 4.10
1965-06-01 4.04
1965-07-01 4.09
1965-08-01 4.12
1965-09-01 4.01
1965-10-01 4.08
1965-11-01 4.10
1965-12-01 4.32
1966-01-01 4.42
1966-02-01 4.60
1966-03-01 4.65
1966-04-01 4.67
1966-05-01 4.90
1966-06-01 5.17
1966-07-01 5.30
1966-08-01 5.53
1966-09-01 5.40
1966-10-01 5.53
1966-11-01 5.76
1966-12-01 5.40
1967-01-01 4.94
1967-02-01 5.00
1967-03-01 4.53
1967-04-01 4.05
1967-05-01 3.94
1967-06-01 3.98
1967-07-01 3.79
1967-08-01 3.90
1967-09-01 3.99
1967-10-01 3.88
1967-11-01 4.13
1967-12-01 4.51
1968-01-01 4.60
1968-02-01 4.71
1968-03-01 5.05
1968-04-01 5.76
1968-05-01 6.11
1968-06-01 6.07
1968-07-01 6.02
1968-08-01 6.03
1968-09-01 5.78
1968-10-01 5.91
1968-11-01 5.82
1968-12-01 6.02
1969-01-01 6.30
1969-02-01 6.61
1969-03-01 6.79
1969-04-01 7.41
1969-05-01 8.67
1969-06-01 8.90
1969-07-01 8.61
1969-08-01 9.19
1969-09-01 9.15
1969-10-01 9.00
1969-11-01 8.85
1969-12-01 8.97
1970-01-01 8.98
1970-02-01 8.98
1970-03-01 7.76
1970-04-01 8.10
1970-05-01 7.94
1970-06-01 7.60
1970-07-01 7.21
1970-08-01 6.61
1970-09-01 6.29
1970-10-01 6.20
1970-11-01 5.60
1970-12-01 4.90
1971-01-01 4.14
1971-02-01 3.72
1971-03-01 3.71
1971-04-01 4.15
1971-05-01 4.63
1971-06-01 4.91
1971-07-01 5.31
1971-08-01 5.56
1971-09-01 5.55
1971-10-01 5.20
1971-11-01 4.91
1971-12-01 4.14
1972-01-01 3.50
1972-02-01 3.29
1972-03-01 3.83
1972-04-01 4.17
1972-05-01 4.27
1972-06-01 4.46
1972-07-01 4.55
1972-08-01 4.80
1972-09-01 4.87
1972-10-01 5.04
1972-11-01 5.06
1972-12-01 5.33
1973-01-01 5.94
1973-02-01 6.58
1973-03-01 7.09
1973-04-01 7.12
1973-05-01 7.84
1973-06-01 8.49
1973-07-01 10.40
1973-08-01 10.50
1973-09-01 10.78
1973-10-01 10.01
1973-11-01 10.03
1973-12-01 9.95
1974-01-01 9.65
1974-02-01 8.97
1974-03-01 9.35
1974-04-01 10.51
1974-05-01 11.31
1974-06-01 11.93
1974-07-01 12.92
1974-08-01 12.01
1974-09-01 11.34
1974-10-01 10.06
1974-11-01 9.45
1974-12-01 8.53
1975-01-01 7.13
1975-02-01 6.24
1975-03-01 5.54
1975-04-01 5.49
1975-05-01 5.22
1975-06-01 5.55
1975-07-01 6.10
1975-08-01 6.14
1975-09-01 6.24
1975-10-01 5.82
1975-11-01 5.22
1975-12-01 5.20
1976-01-01 4.87
1976-02-01 4.77
1976-03-01 4.84
1976-04-01 4.82
1976-05-01 5.29
1976-06-01 5.48
1976-07-01 5.31
1976-08-01 5.29
1976-09-01 5.25
1976-10-01 5.02
1976-11-01 4.95
1976-12-01 4.65
1977-01-01 4.61
1977-02-01 4.68
1977-03-01 4.69
1977-04-01 4.73
1977-05-01 5.35
1977-06-01 5.39
1977-07-01 5.42
1977-08-01 5.90
1977-09-01 6.14
1977-10-01 6.47
1977-11-01 6.51
1977-12-01 6.56
1978-01-01 6.70
1978-02-01 6.78
1978-03-01 6.79
1978-04-01 6.89
1978-05-01 7.36
1978-06-01 7.60
1978-07-01 7.81
1978-08-01 8.04
1978-09-01 8.45
1978-10-01 8.96
1978-11-01 9.76
1978-12-01 10.03
1979-01-01 10.07
1979-02-01 10.06
1979-03-01 10.09
1979-04-01 10.01
1979-05-01 10.24
1979-06-01 10.29
1979-07-01 10.47
1979-08-01 10.94
1979-09-01 11.43
1979-10-01 13.77
1979-11-01 13.18
1979-12-01 13.78
1980-01-01 13.82
1980-02-01 14.13
1980-03-01 17.19
1980-04-01 17.61
1980-05-01 10.98
1980-06-01 9.47
1980-07-01 9.03
1980-08-01 9.61
1980-09-01 10.87
1980-10-01 12.81
1980-11-01 15.85
1980-12-01 18.90
1981-01-01 19.08
1981-02-01 15.93
1981-03-01 14.70
1981-04-01 15.72
1981-05-01 18.52
1981-06-01 19.10
1981-07-01 19.04
1981-08-01 17.82
1981-09-01 15.87
1981-10-01 15.08
1981-11-01 13.31
1981-12-01 12.37
1982-01-01 13.22
1982-02-01 14.78
1982-03-01 14.68
1982-04-01 14.94
1982-05-01 14.45
1982-06-01 14.15
1982-07-01 12.59
1982-08-01 10.12
1982-09-01 10.31
1982-10-01 9.71
1982-11-01 9.20
1982-12-01 8.95
1983-01-01 8.68
1983-02-01 8.51
1983-03-01 8.77
1983-04-01 8.80
1983-05-01 8.63
1983-06-01 8.98
1983-07-01 9.37
1983-08-01 9.56
1983-09-01 9.45
1983-10-01 9.48
1983-11-01 9.34
1983-12-01 9.47
1984-01-01 9.56
1984-02-01 9.59
1984-03-01 9.91
1984-04-01 10.29
1984-05-01 10.32
1984-06-01 11.06
1984-07-01 11.23
1984-08-01 11.64
1984-09-01 11.30
1984-10-01 9.99
1984-11-01 9.43
1984-12-01 8.38
1985-01-01 8.35
1985-02-01 8.50
1985-03-01 8.58
1985-04-01 8.27
1985-05-01 7.97
1985-06-01 7.53
1985-07-01 7.88
1985-08-01 7.90
1985-09-01 7.92
1985-10-01 7.99
1985-11-01 8.05
1985-12-01 8.27
1986-01-01 8.14
1986-02-01 7.86
1986-03-01 7.48
1986-04-01 6.99
1986-05-01 6.85
1986-06-01 6.92
1986-07-01 6.56
1986-08-01 6.17
1986-09-01 5.89
1986-10-01 5.85
1986-11-01 6.04
1986-12-01 6.91
1987-01-01 6.43
1987-02-01 6.10
1987-03-01 6.13
1987-04-01 6.37
1987-05-01 6.85
1987-06-01 6.73
1987-07-01 6.58
1987-08-01 6.73
1987-09-01 7.22
1987-10-01 7.29
1987-11-01 6.69
1987-12-01 6.77
1988-01-01 6.83
1988-02-01 6.58
1988-03-01 6.58
1988-04-01 6.87
1988-05-01 7.09
1988-06-01 7.51
1988-07-01 7.75
1988-08-01 8.01
1988-09-01 8.19
1988-10-01 8.30
1988-11-01 8.35
1988-12-01 8.76
1989-01-01 9.12
1989-02-01 9.36
1989-03-01 9.85
1989-04-01 9.84
1989-05-01 9.81
1989-06-01 9.53
1989-07-01 9.24
1989-08-01 8.99
1989-09-01 9.02
1989-10-01 8.84
1989-11-01 8.55
1989-12-01 8.45
1990-01-01 8.23
1990-02-01 8.24
1990-03-01 8.28
1990-04-01 8.26
1990-05-01 8.18
1990-06-01 8.29
1990-07-01 8.15
1990-08-01 8.13
1990-09-01 8.20
1990-10-01 8.11
1990-11-01 7.81
1990-12-01 7.31
1991-01-01 6.91
1991-02-01 6.25
1991-03-01 6.12
1991-04-01 5.91
1991-05-01 5.78
1991-06-01 5.90
1991-07-01 5.82
1991-08-01 5.66
1991-09-01 5.45
1991-10-01 5.21
1991-11-01 4.81
1991-12-01 4.43
1992-01-01 4.03
1992-02-01 4.06
1992-03-01 3.98
1992-04-01 3.73
1992-05-01 3.82
1992-06-01 3.76
1992-07-01 3.25
1992-08-01 3.30
1992-09-01 3.22
1992-10-01 3.10
1992-11-01 3.09
1992-12-01 2.92
1993-01-01 3.02
1993-02-01 3.03
1993-03-01 3.07
1993-04-01 2.96
1993-05-01 3.00
1993-06-01 3.04
1993-07-01 3.06
1993-08-01 3.03
1993-09-01 3.09
1993-10-01 2.99
1993-11-01 3.02
1993-12-01 2.96
1994-01-01 3.05
1994-02-01 3.25
1994-03-01 3.34
1994-04-01 3.56
1994-05-01 4.01
1994-06-01 4.25
1994-07-01 4.26
1994-08-01 4.47
1994-09-01 4.73
1994-10-01 4.76
1994-11-01 5.29
1994-12-01 5.45
1995-01-01 5.53
1995-02-01 5.92
1995-03-01 5.98
1995-04-01 6.05
1995-05-01 6.01
1995-06-01 6.00
1995-07-01 5.85
1995-08-01 5.74
1995-09-01 5.80
1995-10-01 5.76
1995-11-01 5.80
1995-12-01 5.60
1996-01-01 5.56
1996-02-01 5.22
1996-03-01 5.31
1996-04-01 5.22
1996-05-01 5.24
1996-06-01 5.27
1996-07-01 5.40
1996-08-01 5.22
1996-09-01 5.30
1996-10-01 5.24
1996-11-01 5.31
1996-12-01 5.29
1997-01-01 5.25
1997-02-01 5.19
1997-03-01 5.39
1997-04-01 5.51
1997-05-01 5.50
1997-06-01 5.56
1997-07-01 5.52
1997-08-01 5.54
1997-09-01 5.54
1997-10-01 5.50
1997-11-01 5.52
1997-12-01 5.50
1998-01-01 5.56
1998-02-01 5.51
1998-03-01 5.49
1998-04-01 5.45
1998-05-01 5.49
1998-06-01 5.56
1998-07-01 5.54
1998-08-01 5.55
1998-09-01 5.51
1998-10-01 5.07
1998-11-01 4.83
1998-12-01 4.68
1999-01-01 4.63
1999-02-01 4.76
1999-03-01 4.81
1999-04-01 4.74
1999-05-01 4.74
1999-06-01 4.76
1999-07-01 4.99
1999-08-01 5.07
1999-09-01 5.22
1999-10-01 5.20
1999-11-01 5.42
1999-12-01 5.30
2000-01-01 5.45
2000-02-01 5.73
2000-03-01 5.85
2000-04-01 6.02
2000-05-01 6.27
2000-06-01 6.53
2000-07-01 6.54
2000-08-01 6.50
2000-09-01 6.52
2000-10-01 6.51
2000-11-01 6.51
2000-12-01 6.40
2001-01-01 5.98
2001-02-01 5.49
2001-03-01 5.31
2001-04-01 4.80
2001-05-01 4.21
2001-06-01 3.97
2001-07-01 3.77
2001-08-01 3.65
2001-09-01 3.07
2001-10-01 2.49
2001-11-01 2.09
2001-12-01 1.82
2002-01-01 1.73
2002-02-01 1.74
2002-03-01 1.73
2002-04-01 1.75
2002-05-01 1.75
2002-06-01 1.75
2002-07-01 1.73
2002-08-01 1.74
2002-09-01 1.75
2002-10-01 1.75
2002-11-01 1.34
2002-12-01 1.24
2003-01-01 1.24
2003-02-01 1.26
2003-03-01 1.25
2003-04-01 1.26
2003-05-01 1.26
2003-06-01 1.22
2003-07-01 1.01
2003-08-01 1.03
2003-09-01 1.01
2003-10-01 1.01
2003-11-01 1.00
2003-12-01 0.98
2004-01-01 1.00
2004-02-01 1.01
2004-03-01 1.00
2004-04-01 1.00
2004-05-01 1.00
2004-06-01 1.03
2004-07-01 1.26
2004-08-01 1.43
2004-09-01 1.61
2004-10-01 1.76
2004-11-01 1.93
2004-12-01 2.16
2005-01-01 2.28
2005-02-01 2.50
2005-03-01 2.63
2005-04-01 2.79
2005-05-01 3.00
2005-06-01 3.04
2005-07-01 3.26
2005-08-01 3.50
2005-09-01 3.62
2005-10-01 3.78
2005-11-01 4.00
2005-12-01 4.16
2006-01-01 4.29
2006-02-01 4.49
2006-03-01 4.59
2006-04-01 4.79
2006-05-01 4.94
2006-06-01 4.99
2006-07-01 5.24
2006-08-01 5.25
2006-09-01 5.25
2006-10-01 5.25
2006-11-01 5.25
2006-12-01 5.24
2007-01-01 5.25
2007-02-01 5.26
2007-03-01 5.26
2007-04-01 5.25
2007-05-01 5.25
2007-06-01 5.25
2007-07-01 5.26
2007-08-01 5.02
2007-09-01 4.94
2007-10-01 4.76
2007-11-01 4.49
2007-12-01 4.24
2008-01-01 3.94
2008-02-01 2.98
2008-03-01 2.61
2008-04-01 2.28
2008-05-01 1.98
2008-06-01 2.00
2008-07-01 2.01
2008-08-01 2.00
2008-09-01 1.81