Discount Rate

“Discount Rate” on Advances to Member Banks under Sections 13 and 13a of the Federal Reserve Act in Effect at the Federal Reserve Bank of San Francisco

Visit the Federal Reserve Discount Window for more information.

The following is a list of rates of interest on our advances to, and discounts for, member banks and other depository institutions under Sections 13 and 13a of the Federal Reserve Act. Each rate (also referred to as the “discount rate”) was in effect until the next date indicated.

Effective Date Rate
(% per annum)
2010 February 19 0.75*

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1996

1995

1994

1992

1991

1990

1989

1988

1987

1986

1985

1984

1982

1981

1980

*current rate

The Federal Reserve Bank expresses no opinion on the applicability of the basic discount rate or surcharge to any transaction governed by a Federal or state usury or usury preemption statute.

1. On January 9, 2003, Regulation A (Extensions of Credit by Reserve Banks) was amended to restructure Federal Reserve credit programs that resulted in a new method of establishing the discount rate. The rate change on January 9, 2003, did not reflect a change in the stance of monetary policy. See more information about the Discount Window.

2. The Federal Reserve Board established a Century Date Change Special Liquidity Facility (SLF), a program for lending to depository institutions from October 1, 1999 through April 7, 2000. The interest rate charged on loans from the SLF is 150 basis points higher than the Federal Open Market Committee’s intended federal funds rate.

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