Federal Funds Rate - 62 Year Historical Chart

Shows the daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate. The current federal funds rate as of October 19, 2018 is 2.19%.

Federal Funds Rate - Historical Annual Yield Data
Year Average Yield Year Open Year High Year Low Year Close Annual
% Change
2018 1.71% 1.42% 2.19% 1.34% 2.19% 64.66%
2017 1.00% 0.55% 1.42% 0.55% 1.33% 141.82%
2016 0.39% 0.20% 0.66% 0.20% 0.55% 175.00%
2015 0.13% 0.06% 0.37% 0.06% 0.20% 233.33%
2014 0.09% 0.07% 0.13% 0.06% 0.06% -14.29%
2013 0.11% 0.09% 0.17% 0.06% 0.07% -22.22%
2012 0.14% 0.04% 0.19% 0.04% 0.09% 125.00%
2011 0.10% 0.13% 0.19% 0.04% 0.04% -69.23%
2010 0.18% 0.05% 0.22% 0.05% 0.13% 160.00%
2009 0.16% 0.14% 0.25% 0.05% 0.05% -64.29%
2008 1.92% 3.06% 4.27% 0.09% 0.14% -95.42%
2007 5.02% 5.17% 5.41% 3.06% 3.06% -40.81%
2006 4.97% 4.09% 5.34% 4.09% 5.17% 26.41%
2005 3.22% 1.97% 4.30% 1.97% 4.09% 107.61%
2004 1.35% 0.94% 2.34% 0.92% 1.97% 109.57%
2003 1.13% 1.16% 1.45% 0.86% 0.94% -18.97%
2002 1.67% 1.52% 1.92% 1.15% 1.16% -23.68%
2001 3.88% 5.41% 6.67% 1.19% 1.52% -71.90%
2000 6.24% 3.99% 7.03% 3.99% 5.41% 35.59%
1999 4.97% 4.07% 5.76% 3.99% 3.99% -1.97%
1998 5.35% 5.84% 7.06% 4.07% 4.07% -30.31%
1997 5.46% 6.26% 7.07% 4.63% 5.84% -6.71%
1996 5.30% 4.73% 7.80% 4.73% 6.26% 32.35%
1995 5.83% 4.94% 7.41% 4.73% 4.73% -4.25%
1994 4.21% 2.85% 6.56% 2.85% 4.94% 73.33%
1993 3.02% 2.66% 3.99% 2.66% 2.85% 7.14%
1992 3.52% 4.09% 4.98% 2.58% 2.66% -34.96%
1991 5.69% 5.53% 10.39% 4.09% 4.09% -26.04%
1990 8.10% 7.97% 9.53% 5.53% 5.53% -30.61%
1989 9.21% 9.04% 10.71% 7.97% 7.97% -11.84%
1988 7.57% 6.89% 9.64% 5.72% 9.04% 31.20%
1987 6.66% 14.35% 14.35% 5.52% 6.89% -51.99%
1986 6.80% 13.46% 16.17% 5.56% 14.35% 6.61%
1985 8.10% 8.74% 13.46% 6.73% 13.46% 54.00%
1984 10.23% 9.92% 12.31% 6.93% 8.74% -11.90%
1983 9.09% 11.20% 11.20% 8.22% 9.92% -11.43%
1982 12.24% 13.13% 16.80% 8.36% 11.20% -14.70%
1981 16.39% 22.00% 22.36% 11.83% 13.13% -40.32%
1980 13.35% 14.77% 22.00% 7.65% 22.00% 48.95%
1979 11.20% 10.84% 17.60% 8.34% 14.77% 36.25%
1978 7.94% 6.53% 10.89% 6.50% 10.84% 66.00%
1977 5.54% 4.17% 7.10% 4.07% 6.53% 56.59%
1976 5.05% 5.37% 5.71% 4.12% 4.17% -22.35%
1975 5.82% 3.87% 8.55% 2.99% 5.37% 38.76%
1974 10.51% 9.83% 14.33% 3.87% 3.87% -60.63%
1973 8.74% 5.50% 13.00% 5.25% 9.83% 78.73%
1972 4.44% 3.00% 6.00% 3.00% 5.50% 83.33%
1971 4.67% 3.00% 5.75% 2.25% 3.00% 0.00%
1970 7.17% 5.00% 9.75% 3.00% 3.00% -40.00%
1969 8.21% 4.00% 10.50% 4.00% 5.00% 25.00%
1968 5.66% 4.50% 6.88% 2.50% 4.00% -11.11%
1967 4.22% 5.00% 5.75% 2.00% 4.50% -10.00%
1966 5.11% 4.63% 6.25% 1.50% 5.00% 7.99%
1965 4.08% 4.00% 4.63% 1.00% 4.63% 15.75%
1964 3.50% 3.25% 4.00% 1.00% 4.00% 23.08%
1963 3.18% 3.00% 3.50% 0.75% 3.25% 8.33%
1962 2.71% 2.50% 3.00% 0.25% 3.00% 20.00%
1961 1.95% 3.00% 3.00% 0.13% 2.50% -16.67%
1960 3.21% 4.00% 4.00% 0.25% 3.00% -25.00%
1959 3.31% 2.38% 4.00% 1.50% 4.00% 68.07%
1958 1.57% 3.00% 3.00% 0.13% 2.38% -20.67%
1957 3.11% 3.00% 3.50% 1.00% 3.00% 0.00%
1956 2.73% 2.50% 3.00% 1.00% 3.00% 20.00%
1955 1.79% 1.44% 2.50% 0.50% 2.50% 73.61%