Skip to main content

Home > Releases > H.15 Selected Interest Rates > Discount Window Primary Credit Rate

Discount Window Primary Credit Rate (WPCREDIT)

Observations

2025-06-11: 4.50
Updated: Jun 12, 2025 3:16 PM CDT
2025-06-11:  4.50  
2025-06-04:  4.50  
2025-05-28:  4.50  
2025-05-21:  4.50  
2025-05-14:  4.50  

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Weekly,
Ending Wednesday

Fullscreen

Notes

Title Release Dates
Discount Window Primary Credit Rate 2003-01-21 2025-06-12
 
Source    
Board of Governors of the Federal Reserve System (US) 2003-01-21 2025-06-12
 
Release    
H.15 Selected Interest Rates 2003-01-21 2025-06-12
 
Units    
Percent 2003-01-21 2025-06-12
 
Frequency    
Weekly, Ending Wednesday 2003-01-21 2025-06-12
 
Seasonal Adjustment    
Not Seasonally Adjusted 2003-01-21 2025-06-12
 
Notes    
This data represent rate charged for discounts made and advances extended under the Federal Reserve's primary credit discount window program (https://www.frbdiscountwindow.org/), which became effective January 9, 2003.

Primary credit is available to generally sound depository institutions at a rate set relative to the Federal Open Market Committee's (FOMC) target range for the federal funds rate. Depository institutions are not required to seek alternative sources of funds before requesting advances of primary credit. Primary credit may be used for any purpose, including financing the sale of federal funds. By making funds readily available at the primary credit rate the primary credit program complements open market operations in the implementation of monetary policy.
Reserve Banks ordinarily do not require depository institutions to provide reasons for requesting very short-term primary credit. Rather, borrowers are asked to provide only the minimum information necessary to process a loan, usually the amount and term of the loan.

This rate replaces that for adjustment credit, which was discontinued after January 8, 2003. For further information, see Board of Governor's announcement (https://www.federalreserve.gov/boarddocs/press/bcreg/2002/200210312/). The rate reported is that for the Federal Reserve Bank of New York.

2003-01-21 2025-01-06
discount window program (https://www.frbdiscountwindow.org/), which became effective January 9, 2003.

Primary credit is available to generally sound depository institutions at a rate set relative to the Federal Open Market Committee's (FOMC) target range for the federal funds rate. Depository institutions are not required to seek alternative sources of funds before requesting advances of primary credit. Primary credit may be used for any purpose, including financing the sale of federal funds. By making funds readily available at the primary credit rate the primary credit program complements open market operations in the implementation of monetary policy.
Reserve Banks ordinarily do not require depository institutions to provide reasons for requesting very short-term primary credit. Rather, borrowers are asked to provide only the minimum information necessary to process a loan, usually the amount and term of the loan.

This rate replaces that for adjustment credit, which was discontinued after January 8, 2003. For further information, see Board of Governor's announcement (https://www.federalreserve.gov/boarddocs/press/bcreg/2002/200210312/). The rate reported is that for the Federal Reserve Bank of New York.

For questions on the data, please contact the data source (https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/releases/h15/%). For questions on FRED functionality, please contact us here (https://fred.stlouisfed.org/contactus/).

2025-01-07 2025-06-12

Release Tables

H.15 Selected Interest Rates

Related Data and Content

Data Suggestions Based On Your Search

Content Suggestions

Other Formats

Annual, Not Seasonally Adjusted Daily, Not Seasonally Adjusted Daily, Not Seasonally Adjusted Monthly, Not Seasonally Adjusted

Related Categories

FRB Rates - discount, fed funds, primary credit Interest Rates Money, Banking, & Finance

Releases

More Series from H.15 Selected Interest Rates

Tags

Primary Credits H.15 Selected Interest Rates Weekly Interest Rate Interest Board of Governors Rate Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America