Discount window
Alterations during 2007–2009 'credit crunch'

Discount window

Section Title: Alterations during 2007–2009 'credit crunch'
Table Section Text: None

Date	Discount rate (change)	Fed funds target rate/range (change)

Jan - July, 2007	6.25%	5.25%

August 17, 2007	5.75% (−50 bp)	5.25% (no change)

September 18, 2007	5.25% (−50 bp)	4.75% (−50 bp)

October 31, 2007	5.00% (−25 bp)	4.50% (−25 bp)

December 11, 2007	4.75% (−25 bp)	4.25% (−25 bp)

January 22, 2008	4.00% (−75 bp)	3.50% (−75 bp)

January 30, 2008	3.50% (−50 bp)	3.00% (−50 bp)

March 16, 2008	3.25% (−25 bp)	3.00% (no change)

March 18, 2008	2.50% (−75 bp)	2.25% (−75 bp)

April 30, 2008	2.25% (−25 bp)	2.00% (−25 bp)

October 8, 2008	1.75% (−50 bp)	1.50% (−50 bp)

October 29, 2008	1.25% (−50 bp)	1.00% (−50 bp)

December 16, 2008	0.50% (−75 bp)	0–0.25% (−75 bp)

January 16, 2009	0.50% (no change)	0-0.25% (no change)

February 18, 2010	0.75% (+25bp)	0−0.25% (no change)

Sentence(s)

The credit rate was reduced to 3.25% from 3.50% and the funds rate to 25 basis points from 50 basis points.

final_sentence: The credit rate was reduced to 3.25% from 3.50% and the funds rate to 25 basis points from 50 basis points.