September 13, 2012 / 4:36 PM / 5 years ago

CHRONOLOGY-Fed funds rate changes since 1994

Sept 13 (Reuters) - The U.S. Federal Reserve on Thursday left its target
range on the federal funds rate steady at zero to 0.25 percent. 
    The following is a chronology of the Federal Reserve's changes in the
overnight federal funds rate since 1994. Moves are measured in basis points
(bps), each of which equals one-hundredth of a percentage point. 
   An asterisk (*) next to the date indicates an intermeeting move.
             FED FUNDS                          DISCOUNT RATE
2012
Sept 13      no change, held at 0.00-0.25 pct    no change, held at 0.75 pct
June 20      no change, held at 0.00-0.25 pct    no change, held at 0.75 pct
April 25     no change, held at 0.00-0.25 pct    no change, held at 0.75 pct
March 13     no change, held at 0.00-0.25 pct    no change, held at 0.75 pct
Jan 25       no change, held at 0.00-0.25 pct    no change, held at 0.75 pct 

2011
Dec 13       no change, held at 0.00-0.25 pct    no change, held at 0.75 pct 
Nov 2        no change, held at 0.00-0.25 pct    no change, held at 0.75 pct 
Sept 21      no change, held at 0.00-0.25 pct    no change, held at 0.75 pct    
                                      
Aug 9        no change, held at 0.00-0.25 pct    no change, held at 0.75 pct
June  22     no change, held at 0.00-0.25 pct    no change, held at 0.75 pct
April 27     no change, held at 0.00-0.25 pct    no change, held at 0.75 pct
March 15     no change, held at 0.00-0.25 pct    no change, held at 0.75 pct 
Jan 26       no change, held at 0.00-0.25 pct    no change, held at 0.75 pct 

2010 
Dec 14       no change, held at 0.00-0.25 pct    no change, held at 0.75 pct 
Nov 3        no change, held at 0.00-0.25 pct    no change, held at 0.75 pct
Sept 21      no change, held at 0.00-0.25 pct    no change, held at 0.75 pct 
Aug 10       no change, held at 0.00-0.25 pct    no change, held at 0.75 pct
June 23      no change, held at 0.00-0.25 pct    no change, held at 0.75 pct
April 28     no change, held at 0.00-0.25 pct    no change, held at 0.75 pct
March 16     no change, held at 0.00-0.25 pct    no change, held at 0.75 pct 
Feb 18*            ---                           raised 25 bps to 0.75 pct 
Jan 27       no change, held at 0.00-0.25 pct    no change, held at 0.50 pct 
    
2009 
Dec 16       no change, held at 0.00-0.25 pct    no change, held at 0.50 pct 
Nov 4        no change, held at 0.00-0.25 pct    no change, held at 0.50 pct
Sept 23      no change, held at 0.00-0.25 pct    no change, held at 0.50 pct 
Aug 12       no change, held at 0.00-0.25 pct    no change, held at 0.50 pct
June 24      no change, held at 0.00-0.25 pct    no change, held at 0.50 pct 
Apr 29       no change, held at 0.00-0.25 pct    no change, held at 0.50 pct 
Mar 18       no change, held at 0.00-0.25 pct    no change, held at 0.50 pct 
Jan 28       no change, held at 0.00-0.25 pct    no change, held at 0.50 pct 
    
2008
Dec 16       Cut 75 to 100 bps to 0.00-0.25 pct  Cut 75 bps to 0.50 pct 
Oct 29       Cut 50 bps  to  1 pct               Cut 50 bps to 1.25 pct 
Oct 8*       Cut 50 bps  to  1.50 pct            Cut 50 bps to 1.75 pct 
Apr 30       Cut 25 bps  to  2.00 pct            Cut 25 bps to 2.25 pct
Mar 18       Cut 75 bps  to  2.25 pct            Cut 75 bps to 2.50 pct 
Mar 16*                                          Cut 25 bps to 3.25 pct
Jan 30       Cut 50 bps  to  3.00 pct            Cut 50 bps to 3.50 pct
Jan 22*      Cut 75 bps  to  3.50 pct            Cut 75 bps to 4.00 pct 

2007
Dec 11       Cut 25 bps  to  4.25 pct            Cut 25 bps to 4.75 pct 
Oct 31       Cut 25 bps  to  4.50 pct            Cut 25 bps to 5.00 pct
Sept 18      Cut 50 bps  to  4.75 pct            Cut 50 bps to 5.25 pct 
Aug 17*                                          Cut 50 bps to 5.75 pct 

2006 
June 29      Raised 25 bps  to  5.25 pct         Raised 25 bps to 6.25 pct 
May 10       Raised 25 bps  to  5.00 pct         Raised 25 bps to 6.00 pct 
March 28     Raised 25 bps  to  4.75 pct         Raised 25 bps to 5.75 pct 
Jan 31       Raised 25 bps  to  4.50 pct         Raised 25 bps to 5.50 pct 

2005 
Dec 13       Raised 25 bps  to  4.25 pct         Raised 25 bps to 5.25 pct 
Nov 1        Raised 25 bps  to  4.00 pct         Raised 25 bps to 5.00 pct 
Sept 20      Raised 25 bps  to  3.75 pct         Raised 25 bps to 4.75 pct 
Aug 9        Raised 25 bps  to  3.50 pct         Raised 25 bps to 4.50 pct 
June 30      Raised 25 bps  to  3.25 pct         Raised 25 bps to 4.25 pct 
May 3        Raised 25 bps  to  3.00 pct         Raised 25 bps to 4.00 pct 
March 22     Raised 25 bps  to  2.75 pct         Raised 25 bps to 3.75 pct 
Feb 2        Raised 25 bps  to  2.50 pct         Raised 25 bps to 3.50 pct 

2004 
Dec 14       Raised 25 bps  to  2.25 pct         Raised 25 bps to 3.25 pct 
Nov 10       Raised 25 bps  to  2.00 pct         Raised 25 bps to 3.00 pct
Sept 21      Raised 25 bps  to  1.75 pct         Raised 25 bps to 2.75 pct 
Aug 10       Raised 25 bps  to  1.50 pct         Raised 25 bps to 2.50 pct 
June 30      Raised 25 bps  to  1.25 pct         Raised 25 bps to 2.25 pct 

2003 
June 25      Cut 25 bps  to  1.00 pct            Cut 25 bps to 2.00 pct
Jan 6        none            1.25 pct            Raised 150 bps to 2.25 pct

2002 
Nov 6        Cut 50 bps  to  1.25 pct            Cut 50 bps to 0.75 pct
    
2001 
Dec 11       Cut 25 bps  to  1.75 pct            Cut 25 bps to 1.25 pct 
Nov 6        Cut 50 bps  to  2.00 pct            Cut 50 bps to 1.50 pct 
Oct 2        Cut 50 bps  to  2.50 pct            Cut 50 bps to 2.00 pct 
Sept 17*     Cut 50 bps  to  3.00 pct            Cut 50 bps to 2.50 pct 
Aug 21       Cut 25 bps  to  3.50 pct            Cut 25 bps to 3.00 pct 
June 27      Cut 25 bps  to  3.75 pct            Cut 25 bps to 3.25 pct 
May 15       Cut 50 bps  to  4.00 pct            Cut 50 bps to 3.50 pct
April 18*    Cut 50 bps  to  4.50 pct            Cut 50 bps to 4.00 pct 
March 20     Cut 50 bps  to  5.00 pct            Cut 50 bps to 4.50 pct 
Jan 31       Cut 50 bps  to  5.50 pct            Cut 50 bps to 5.00 pct 
Jan 4*                                           Cut 25 bps to 5.50 pct
Jan 3*       Cut 50 bps  to  6.00 pct            Cut 25 bps to 5.75 pct 

2000 
May 16       Raised 50 bps  to  6.50 pct         Raised 50 bps to 6.00 pct 
March 21     Raised 25 bps  to  6.00 pct         Raised 25 bps to 5.50 pct 
Feb 2        Raised 25 bps  to  5.75 pct         Raised 25 bps to 5.25 pct 

1999
Nov 16       Raised 25 bps  to  5.50 pct         Raised 25 bps to 5.00 pct 
Aug 24       Raised 25 bps  to  5.25 pct         Raised 25 bps to 4.75 pct 
June 30      Raised 25 bps  to  5.00 pct
    
1998 
Nov 17       Cut 25 bps  to  4.75 pct            Cut 25 bps to 4.50 pct 
Oct 15*      Cut 25 bps  to  5.00 pct            Cut 25 bps to 4.75 pct 
Sept 29      Cut 25 bps  to  5.25 pct 

1997 
March 25     Raised 25 bps  to  5.50 pct 

1996 
Jan 31       Cut 25 bps  to  5.25 pct            Cut 25 bps to 5.00 pct 

1995 
Dec 19       Cut 25 bps  to  5.50 pct 
July 6       Cut 25 bps  to  5.75 pct 
Feb 1        Raised 50 bps  to  6.00 pct         Raised 50 bps to 5.25 pct 

1994 
Nov 15       Raised 75 bps  to  5.50 pct         Raised 75 bps to 4.75 pct 
Aug 16       Raised 50 bps  to  4.75 pct         Raised 50 bps to 4.00 pct 
May 17       Raised 50 bps  to  4.25 pct         Raised 50 bps to 3.50 pct 
April 18*    Raised 25 bps  to  3.75 pct 
March 22     Raised 25 bps  to  3.50 pct 
Feb 4        Raised 25 bps  to  3.25 pct

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