The FED raises interest rates when they believe this is good for the economy.
In the past months green span has raised rates several times. This appears to be one of the reasons that the dow has taken a large dip. According to general economic philosphy when interest rates increase stocks and bonds go down. This is not always true for all securities however.
| DATE | DISCOUNT RATE | DATE | FEDERAL FUNDS | DATE PRIME | |
| 02/02/2000 | 5.25 | 02/02/1999 | 5.25 | ||
| Current Discount Rate | Period in Effect | Percent Per Annum |
Percent Surcharge |
|---|---|---|
| 05/18/00 to present | 6 | 0 |
| Period in Effect | Percent Per Annum |
Percent Surcharge |
|---|---|---|
| 1. 11/16/14 to 12/15/14 | 6-1/2 | 0 |
| 2. 12/16/14 to 12/23/14 | 6 | 0 |
| 3. 12/24/14 to 01/08/15 | 5-1/2 | 0 |
| 4. 01/09/15 to 02/19/15 | 5 | 0 |
| 5. 02/20/15 to 05/21/15 | 4-1/2 | 0 |
| 6. 05/22/15 to 09/09/18 | 4 | 0 |
| 7. 09/10/18 to 12/12/19 | 4-1/2 | 0 |
| 8. 12/13/19 to 01/25/20 | 4-3/4 | 0 |
| 9. 01/26/20 to 05/31/20 | 6 | 0 |
| 10. 06/01/20 to 05/09/21 | 7 | 0 |
| 11. 05/10/21 to 10/04/21 | 6-1/2 | 0 |
| 12. 10/05/21 to 11/06/2 | 6 | 0 |
| 13. 11/07/21 to 01/10/22 | 5-1/2 | 0 |
| 14. 01/11/22 to 08/14/22 | 5 | 0 |
| 15. 08/15/22 to 10/14/24 | 4-1/2 | 0 |
| 16. 10/15/24 to 09/12/27 | 4 | 0 |
| 17. 09/13/27 to 02/06/28 | 3-1/2 | 0 |
| 18. 02/07/28 to 04/24/28 | 4 | 0 |
| 19. 04/25/28 to 05/13/29 | 4-1/2 | 0 |
| 20. 05/14/29 to 02/07/30 | 5 | 0 |
| 21. 02/08/30 to 04/14/30 | 4-1/2 | 0 |
| 22. 04/15/30 to 09/11/30 | 4 | 0 |
| 23. 09/12/30 to 03/15/34 | 3-1/2 | 0 |
| 24. 03/16/34 to 01/07/35 | 3 | 0 |
| 25. 01/08/35 to 05/13/35 | 2-1/2 | 0 |
| 26. 05/14/35 to 08/23/37 | 2 | 0 |
| 27. 08/24/37 to 03/27/42 | 1-1/2 | 0 |
| 28. 03/28/42 to 01/11/48* | 1 | 0 |
| 29. 01/12/48 to 08/12/48 | 1-1/4 | 0 |
| 30. 08/13/48 to 08/21/50 | 1-1/2 | 0 |
| 31. 08/22/50 to 01/15/53 | 1-3/4 | 0 |
| 32. 01/16/53 to 02/04/54 | 2 | 0 |
| 33. 02/05/54 to 04/28/54 | 1-3/4 | 0 |
| 34. 04/29/54 to 04/14/55 | 1-1/2 | 0 |
| 35. 04/15/55 to 08/05/55 | 1-3/4 | 0 |
| 36. 08/06/55 to 09/11/55 | 2 | 0 |
| 37. 09/12/55 to 11/20/55 | 2-1/4 | 0 |
| 38. 11/21/55 to 04/12/56 | 2-1/2 | 0 |
| 39. 04/13/56 to 08/08/57 | 3 | 0 |
| 40. 08/09/57 to 11/21/57 | 3-1/2 | 0 |
| 41. 11/22/57 to 02/06/58 | 3 | 0 |
| 42. 02/07/58 to 03/20/58 | 2-3/4 | 0 |
| 43. 03/21/58 to 04/17/58 | 2-1/4 | 0 |
| 44. 04/18/58 to 09/04/58 | 1-3/4 | 0 |
| 45. 09/05/58 to 10/23/58 | 2 | 0 |
| 46. 10/24/58 to 03/15/59 | 2-1/2 | 0 |
| 47. 03/16/59 to 05/28/59 | 3 | 0 |
| 48. 05/29/59 to 09/13/59 | 3-1/2 | 0 |
| 49. 09/14/59 to 06/09/60 | 4 | 0 |
| 50. 06/10/60 to 08/14/60 | 3-1/2 | 0 |
| 51. 08/15/60 to 07/16/63 | 3 | 0 |
| 52. 07/17/63 to 11/29/64 | 3-1/2 | 0 |
| 53. 11/30/64 to 12/09/65 | 4 | 0 |
| 54. 12/10/65 to 04/06/67 | 4-1/2 | 0 |
| 55. 04/07/67 to 11/19/67 | 4 | 0 |
| 56. 11/20/67 to 03/14/68 | 4-1/2 | 0 |
| 57. 03/15/68 to 04/18/68 | 5 | 0 |
| 58. 04/19/68 to 08/15/68 | 5-1/2 | 0 |
| 59. 08/16/68 to 12/17/68 | 5-1/4 | 0 |
| 60. 12/18/68 to 04/03/69 | 5-1/2 | 0 |
| 61. 04/04/69 to 11/10/70 | 6 | 0 |
| 62. 11/11/70 to 11/30/70 | 5-3/4 | 0 |
| 63. 12/01/70 to 01/07/71 | 5-1/2 | 0 |
| 64. 01/08/71 to 01/18/71 | 5-1/4 | 0 |
| 65. 01/19/71 to 02/12/71 | 5 | 0 |
| 66. 02/13/71 to 07/18/71 | 4-3/4 | 0 |
| 67. 07/19/71 to 11/10/71 | 5 | 0 |
| 68. 11/11/71 to 12/22/71 | 4-3/4 | 0 |
| 69. 12/23/71 to 01/14/73 | 4-1/2 | 0 |
| 70. 01/15/73 to 02/26/73 | 5 | 0 |
| 71. 02/27/73 to 04/22/73 | 5-1/2 | 0 |
| 72. 04/23/73 to 05/10/73 | 5-3/4 | 0 |
| 73. 05/11/73 to 06/10/73 | 6 | 0 |
| 74. 06/11/73 to 07/01/73 | 6-1/2 | 0 |
| 75. 07/02/73 to 08/13/73 | 7 | 0 |
| 76. 08/14/73 to 04/25/74 | 7-1/2 | 0 |
| 77. 04/26/74 to 12/12/74 | 8 | 0 |
| 78. 12/13/74 to 01/09/75 | 7-3/4 | 0 |
| 79. 01/10/75 to 02/04/75 | 7-1/4 | 0 |
| 80. 02/05/75 to 03/09/75 | 6-3/4 | 0 |
| 81. 03/10/75 to 05/22/75 | 6-1/4 | 0 |
| 82. 05/23/75 to 01/18/76 | 6 | 0 |
| 83. 01/19/76 to 11/21/76 | 5-1/2 | 0 |
| 84. 11/22/76 to 08/29/77 | 5-1/4 | 0 |
| 85. 08/30/77 to 10/25/77 | 5-3/4 | 0 |
| 86. 10/26/77 to 01/09/78 | 6 | 0 |
| 87. 01/10/78 to 05/10/78 | 6-1/2 | 0 |
| 88. 05/11/78 to 07/02/78 | 7 | 0 |
| 89. 07/03/78 to 08/20/78 | 7-1/4 | 0 |
| 90. 08/21/78 to 09/21/78 | 7-3/4 | 0 |
| 91. 09/22/78 to 10/15/78 | 8 | 0 |
| 92. 10/16/78 to 10/31/78 | 8-1/2 | 0 |
| 93. 11/01/78 to 07/19/79 | 9-1/2 | 0 |
| 94. 07/20/79 to 08/16/79 | 10 | 0 |
| 95. 08/17/79 to 09/18/79 | 10-1/2 | 0 |
| 96. 09/19/79 to 10/07/79 | 11 | 0 |
| 97. 10/08/79 to 02/14/80 | 12 | 0 |
| 98. 02/15/80 to 03/16/80 | 13 | 0 |
| 99. 03/17/80 to 05/06/80 | 13 | 3 |
| 100. 05/07/80 to 05/28/80 | 13 | 0 |
| 101. 05/29/80 to 06/12/80 | 12 | 0 |
| 102. 06/13/80 to 07/27/80 | 11 | 0 |
| 103. 07/28/80 to 09/25/80 | 10 | 0 |
| 104. 09/26/80 to 11/16/80 | 11 | 0 |
| 105. 11/17/80 to 12/04/80 | 12 | 2 |
| 106. 12/05/80 to 05/04/81 | 13 | 3 |
| 107. 05/05/81 to 09/21/81 | 14 | 4 |
| 09/22/81 to 10/12/81 | 14 | 3 |
| 10/13/81 to 11/01/81 | 14 | 2 |
| 11/02/81 to 11/16/81 | 13 | 2 |
| 11/17/81 to 12/03/81 | 13 | 0 |
| 12/04/81 to 07/20/82 | 12 | 0 |
| 07/21/82 to 08/01/82 | 11-1/2 | 0 |
| 08/02/82 to 08/15/82 | 11 | 0 |
| 08/16/82 to 08/26/82 | 10-1/2 | 0 |
| 08/27/82 to 10/11/82 | 10 | 0 |
| 10/12/82 to 11/21/82 | 9-1/2 | 0 |
| 11/22/82 to 12/13/82 | 9 | 0 |
| 12/14/82 to 04/08/84 | 8-1/2 | 0 |
| 04/09/84 to 11/20/84 | 9 | 0 |
| 11/21/84 to 12/23/84 | 8-1/2 | 0 |
| 12/24/84 to 05/19/85 | 8 | 0 |
| 05/20/85 to 03/06/86 | 7-1/2 | 0 |
| 03/07/86 to 04/20/86 | 7 | 0 |
| 04/21/86 to 07/10/86 | 6-1/2 | 0 |
| 07/11/86 to 08/20/86 | 6 | 0 |
| 08/21/86 to 09/07/87 | 5-1/2 | 0 |
| 09/08/87 to 08/08/88 | 6 | 0 |
| 08/09/88 to 02/23/89 | 6-1/2 | 0 |
| 02/24/89 to 12/18/90 | 7 | 0 |
| 12/19/90 to 01/31/91 | 6-1/2 | 0 |
| 02/01/91 to 04/29/91 | 6 | 0 |
| 04/30/91 to 09/12/91 | 5-1/2 | 0 |
| 09/13/91 to 11/05/91 | 5 | 0 |
| 11/06/91 to 12/22/91 | 4-1/2 | 0 |
| 12/23/91 to 07/01/92 | 3-1/2 | 0 |
| 07/02/92 to 05/16/94 | 3 | 0 | 05/17/94 to 08/17/94 | 3-1/2 | 0 |
| 08/18/94 to 11/15/94 | 4 | 0 |
| 11/16/94 to 02/01/95 | 4-3/4 | 0 |
| 02/02/95 to 01/30/96 | 5-1/4 | 0 | 01/31/96 to 10/14/98 | 5 | 0 |
| 10/15/98 to 11/18/98 | 4-3/4 | 0 |
| 11/19/98 to 08/24/99 | 4-1/2 | 0 |
| 08/25/99 to 11/17/99 | 4-3/4 | 0 |
| 11/18/99 to 02/02/00 | 5 | 0 |
| 02/03/00 to 03/20/00 | 5-1/4 | 0 |
| 03/21/00 to 05/17/00 | 5-1/2 | 0 |
| 05/18/00 to present | 6 | 0 |