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What it means: The interest rate at which an eligible financial institution may borrow funds directly from a Federal Reserve bank. Banks whose reserves dip below the reserve requirement set by...
District Primary Credit Rate Secondary Credit Rate Effective Date; Boston: 5.00%: 5.50%: 09-19-2024
Graph and download economic data for Interest Rates, Discount Rate for United States from Jan 1950 to Aug 2024 about discount, interest rate, interest, rate, USA, and federal.
US Discount Rate is at 5.00%, compared to 5.00% the previous market day and 5.50% last year. This is higher than the long term average of 2.19%.
Discount Rates. The Federal Reserve. Discount Window | Payment System Risk. Learn about the Account Management Information System.
Daily Treasury Bill Rates: These rates are the daily secondary market quotations on the most recently auctioned Treasury Bills for each maturity tranche (4-week, 8-week, 13-week, 17-week, 26-week, and 52-week) for which Treasury currently issues new bills.
Rate: Since March 2020 the primary credit rate has been set at the top of the target range that the FOMC has set for the federal funds rate. The rate is established by each Reserve Bank's board of directors, subject to the review and determination of the Board of Governors of the Federal Reserve System.
The discount rate is the lending rate at the Federal Reserve's discount window, where banks can get a loan if they can't secure funding from another bank on the market.
Key Takeaways. The federal discount rate is the interest rate the Federal Reserve (Fed) charges banks to borrow funds from a Federal Reserve bank from the discount window....
The rate charged for discounts made and advances extended under the Federal Reserve's primary credit discount window program, which became effective January 9, 2003. This rate replaces that for adjustment credit, which was discontinued after January 8, 2003.