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Title:               Effective Federal Funds Rate
Series ID:           FEDFUNDS
Source:              Board of Governors of the Federal Reserve System
Release:             H.15 Selected Interest Rates
Seasonal Adjustment: Not Applicable
Frequency:           Monthly
Units:               Percent
Date Range:          1954-07-01 to 2007-03-01
Last Updated:        2007-04-03 8:41 AM CT
Notes:               Averages of Daily Figures

DATE        VALUE
1954-07-01   0.80
1954-08-01   1.22
1954-09-01   1.06
1954-10-01   0.85
1954-11-01   0.83
1954-12-01   1.28
1955-01-01   1.39
1955-02-01   1.29
1955-03-01   1.35
1955-04-01   1.43
1955-05-01   1.43
1955-06-01   1.64
1955-07-01   1.68
1955-08-01   1.96
1955-09-01   2.18
1955-10-01   2.24
1955-11-01   2.35
1955-12-01   2.48
1956-01-01   2.45
1956-02-01   2.50
1956-03-01   2.50
1956-04-01   2.62
1956-05-01   2.75
1956-06-01   2.71
1956-07-01   2.75
1956-08-01   2.73
1956-09-01   2.95
1956-10-01   2.96
1956-11-01   2.88
1956-12-01   2.94
1957-01-01   2.84
1957-02-01   3.00
1957-03-01   2.96
1957-04-01   3.00
1957-05-01   3.00
1957-06-01   3.00
1957-07-01   2.99
1957-08-01   3.24
1957-09-01   3.47
1957-10-01   3.50
1957-11-01   3.28
1957-12-01   2.98
1958-01-01   2.72
1958-02-01   1.67
1958-03-01   1.20
1958-04-01   1.26
1958-05-01   0.63
1958-06-01   0.93
1958-07-01   0.68
1958-08-01   1.53
1958-09-01   1.76
1958-10-01   1.80
1958-11-01   2.27
1958-12-01   2.42
1959-01-01   2.48
1959-02-01   2.43
1959-03-01   2.80
1959-04-01   2.96
1959-05-01   2.90
1959-06-01   3.39
1959-07-01   3.47
1959-08-01   3.50
1959-09-01   3.76
1959-10-01   3.98
1959-11-01   4.00
1959-12-01   3.99
1960-01-01   3.99
1960-02-01   3.97
1960-03-01   3.84
1960-04-01   3.92
1960-05-01   3.85
1960-06-01   3.32
1960-07-01   3.23
1960-08-01   2.98
1960-09-01   2.60
1960-10-01   2.47
1960-11-01   2.44
1960-12-01   1.98
1961-01-01   1.45
1961-02-01   2.54
1961-03-01   2.02
1961-04-01   1.49
1961-05-01   1.98
1961-06-01   1.73
1961-07-01   1.17
1961-08-01   2.00
1961-09-01   1.88
1961-10-01   2.26
1961-11-01   2.61
1961-12-01   2.33
1962-01-01   2.15
1962-02-01   2.37
1962-03-01   2.85
1962-04-01   2.78
1962-05-01   2.36
1962-06-01   2.68
1962-07-01   2.71
1962-08-01   2.93
1962-09-01   2.90
1962-10-01   2.90
1962-11-01   2.94
1962-12-01   2.93
1963-01-01   2.92
1963-02-01   3.00
1963-03-01   2.98
1963-04-01   2.90
1963-05-01   3.00
1963-06-01   2.99
1963-07-01   3.02
1963-08-01   3.49
1963-09-01   3.48
1963-10-01   3.50
1963-11-01   3.48
1963-12-01   3.38
1964-01-01   3.48
1964-02-01   3.48
1964-03-01   3.43
1964-04-01   3.47
1964-05-01   3.50
1964-06-01   3.50
1964-07-01   3.42
1964-08-01   3.50
1964-09-01   3.45
1964-10-01   3.36
1964-11-01   3.52
1964-12-01   3.85
1965-01-01   3.90
1965-02-01   3.98
1965-03-01   4.04
1965-04-01   4.09
1965-05-01   4.10
1965-06-01   4.04
1965-07-01   4.09
1965-08-01   4.12
1965-09-01   4.01
1965-10-01   4.08
1965-11-01   4.10
1965-12-01   4.32
1966-01-01   4.42
1966-02-01   4.60
1966-03-01   4.65
1966-04-01   4.67
1966-05-01   4.90
1966-06-01   5.17
1966-07-01   5.30
1966-08-01   5.53
1966-09-01   5.40
1966-10-01   5.53
1966-11-01   5.76
1966-12-01   5.40
1967-01-01   4.94
1967-02-01   5.00
1967-03-01   4.53
1967-04-01   4.05
1967-05-01   3.94
1967-06-01   3.98
1967-07-01   3.79
1967-08-01   3.90
1967-09-01   3.99
1967-10-01   3.88
1967-11-01   4.13
1967-12-01   4.51
1968-01-01   4.60
1968-02-01   4.71
1968-03-01   5.05
1968-04-01   5.76
1968-05-01   6.11
1968-06-01   6.07
1968-07-01   6.02
1968-08-01   6.03
1968-09-01   5.78
1968-10-01   5.91
1968-11-01   5.82
1968-12-01   6.02
1969-01-01   6.30
1969-02-01   6.61
1969-03-01   6.79
1969-04-01   7.41
1969-05-01   8.67
1969-06-01   8.90
1969-07-01   8.61
1969-08-01   9.19
1969-09-01   9.15
1969-10-01   9.00
1969-11-01   8.85
1969-12-01   8.97
1970-01-01   8.98
1970-02-01   8.98
1970-03-01   7.76
1970-04-01   8.10
1970-05-01   7.94
1970-06-01   7.60
1970-07-01   7.21
1970-08-01   6.61
1970-09-01   6.29
1970-10-01   6.20
1970-11-01   5.60
1970-12-01   4.90
1971-01-01   4.14
1971-02-01   3.72
1971-03-01   3.71
1971-04-01   4.15
1971-05-01   4.63
1971-06-01   4.91
1971-07-01   5.31
1971-08-01   5.56
1971-09-01   5.55
1971-10-01   5.20
1971-11-01   4.91
1971-12-01   4.14
1972-01-01   3.50
1972-02-01   3.29
1972-03-01   3.83
1972-04-01   4.17
1972-05-01   4.27
1972-06-01   4.46
1972-07-01   4.55
1972-08-01   4.80
1972-09-01   4.87
1972-10-01   5.04
1972-11-01   5.06
1972-12-01   5.33
1973-01-01   5.94
1973-02-01   6.58
1973-03-01   7.09
1973-04-01   7.12
1973-05-01   7.84
1973-06-01   8.49
1973-07-01  10.40
1973-08-01  10.50
1973-09-01  10.78
1973-10-01  10.01
1973-11-01  10.03
1973-12-01   9.95
1974-01-01   9.65
1974-02-01   8.97
1974-03-01   9.35
1974-04-01  10.51
1974-05-01  11.31
1974-06-01  11.93
1974-07-01  12.92
1974-08-01  12.01
1974-09-01  11.34
1974-10-01  10.06
1974-11-01   9.45
1974-12-01   8.53
1975-01-01   7.13
1975-02-01   6.24
1975-03-01   5.54
1975-04-01   5.49
1975-05-01   5.22
1975-06-01   5.55
1975-07-01   6.10
1975-08-01   6.14
1975-09-01   6.24
1975-10-01   5.82
1975-11-01   5.22
1975-12-01   5.20
1976-01-01   4.87
1976-02-01   4.77
1976-03-01   4.84
1976-04-01   4.82
1976-05-01   5.29
1976-06-01   5.48
1976-07-01   5.31
1976-08-01   5.29
1976-09-01   5.25
1976-10-01   5.02
1976-11-01   4.95
1976-12-01   4.65
1977-01-01   4.61
1977-02-01   4.68
1977-03-01   4.69
1977-04-01   4.73
1977-05-01   5.35
1977-06-01   5.39
1977-07-01   5.42
1977-08-01   5.90
1977-09-01   6.14
1977-10-01   6.47
1977-11-01   6.51
1977-12-01   6.56
1978-01-01   6.70
1978-02-01   6.78
1978-03-01   6.79
1978-04-01   6.89
1978-05-01   7.36
1978-06-01   7.60
1978-07-01   7.81
1978-08-01   8.04
1978-09-01   8.45
1978-10-01   8.96
1978-11-01   9.76
1978-12-01  10.03
1979-01-01  10.07
1979-02-01  10.06
1979-03-01  10.09
1979-04-01  10.01
1979-05-01  10.24
1979-06-01  10.29
1979-07-01  10.47
1979-08-01  10.94
1979-09-01  11.43
1979-10-01  13.77
1979-11-01  13.18
1979-12-01  13.78
1980-01-01  13.82
1980-02-01  14.13
1980-03-01  17.19
1980-04-01  17.61
1980-05-01  10.98
1980-06-01   9.47
1980-07-01   9.03
1980-08-01   9.61
1980-09-01  10.87
1980-10-01  12.81
1980-11-01  15.85
1980-12-01  18.90
1981-01-01  19.08
1981-02-01  15.93
1981-03-01  14.70
1981-04-01  15.72
1981-05-01  18.52
1981-06-01  19.10
1981-07-01  19.04
1981-08-01  17.82
1981-09-01  15.87
1981-10-01  15.08
1981-11-01  13.31
1981-12-01  12.37
1982-01-01  13.22
1982-02-01  14.78
1982-03-01  14.68
1982-04-01  14.94
1982-05-01  14.45
1982-06-01  14.15
1982-07-01  12.59
1982-08-01  10.12
1982-09-01  10.31
1982-10-01   9.71
1982-11-01   9.20
1982-12-01   8.95
1983-01-01   8.68
1983-02-01   8.51
1983-03-01   8.77
1983-04-01   8.80
1983-05-01   8.63
1983-06-01   8.98
1983-07-01   9.37
1983-08-01   9.56
1983-09-01   9.45
1983-10-01   9.48
1983-11-01   9.34
1983-12-01   9.47
1984-01-01   9.56
1984-02-01   9.59
1984-03-01   9.91
1984-04-01  10.29
1984-05-01  10.32
1984-06-01  11.06
1984-07-01  11.23
1984-08-01  11.64
1984-09-01  11.30
1984-10-01   9.99
1984-11-01   9.43
1984-12-01   8.38
1985-01-01   8.35
1985-02-01   8.50
1985-03-01   8.58
1985-04-01   8.27
1985-05-01   7.97
1985-06-01   7.53
1985-07-01   7.88
1985-08-01   7.90
1985-09-01   7.92
1985-10-01   7.99
1985-11-01   8.05
1985-12-01   8.27
1986-01-01   8.14
1986-02-01   7.86
1986-03-01   7.48
1986-04-01   6.99
1986-05-01   6.85
1986-06-01   6.92
1986-07-01   6.56
1986-08-01   6.17
1986-09-01   5.89
1986-10-01   5.85
1986-11-01   6.04
1986-12-01   6.91
1987-01-01   6.43
1987-02-01   6.10
1987-03-01   6.13
1987-04-01   6.37
1987-05-01   6.85
1987-06-01   6.73
1987-07-01   6.58
1987-08-01   6.73
1987-09-01   7.22
1987-10-01   7.29
1987-11-01   6.69
1987-12-01   6.77
1988-01-01   6.83
1988-02-01   6.58
1988-03-01   6.58
1988-04-01   6.87
1988-05-01   7.09
1988-06-01   7.51
1988-07-01   7.75
1988-08-01   8.01
1988-09-01   8.19
1988-10-01   8.30
1988-11-01   8.35
1988-12-01   8.76
1989-01-01   9.12
1989-02-01   9.36
1989-03-01   9.85
1989-04-01   9.84
1989-05-01   9.81
1989-06-01   9.53
1989-07-01   9.24
1989-08-01   8.99
1989-09-01   9.02
1989-10-01   8.84
1989-11-01   8.55
1989-12-01   8.45
1990-01-01   8.23
1990-02-01   8.24
1990-03-01   8.28
1990-04-01   8.26
1990-05-01   8.18
1990-06-01   8.29
1990-07-01   8.15
1990-08-01   8.13
1990-09-01   8.20
1990-10-01   8.11
1990-11-01   7.81
1990-12-01   7.31
1991-01-01   6.91
1991-02-01   6.25
1991-03-01   6.12
1991-04-01   5.91
1991-05-01   5.78
1991-06-01   5.90
1991-07-01   5.82
1991-08-01   5.66
1991-09-01   5.45
1991-10-01   5.21
1991-11-01   4.81
1991-12-01   4.43
1992-01-01   4.03
1992-02-01   4.06
1992-03-01   3.98
1992-04-01   3.73
1992-05-01   3.82
1992-06-01   3.76
1992-07-01   3.25
1992-08-01   3.30
1992-09-01   3.22
1992-10-01   3.10
1992-11-01   3.09
1992-12-01   2.92
1993-01-01   3.02
1993-02-01   3.03
1993-03-01   3.07
1993-04-01   2.96
1993-05-01   3.00
1993-06-01   3.04
1993-07-01   3.06
1993-08-01   3.03
1993-09-01   3.09
1993-10-01   2.99
1993-11-01   3.02
1993-12-01   2.96
1994-01-01   3.05
1994-02-01   3.25
1994-03-01   3.34
1994-04-01   3.56
1994-05-01   4.01
1994-06-01   4.25
1994-07-01   4.26
1994-08-01   4.47
1994-09-01   4.73
1994-10-01   4.76
1994-11-01   5.29
1994-12-01   5.45
1995-01-01   5.53
1995-02-01   5.92
1995-03-01   5.98
1995-04-01   6.05
1995-05-01   6.01
1995-06-01   6.00
1995-07-01   5.85
1995-08-01   5.74
1995-09-01   5.80
1995-10-01   5.76
1995-11-01   5.80
1995-12-01   5.60
1996-01-01   5.56
1996-02-01   5.22
1996-03-01   5.31
1996-04-01   5.22
1996-05-01   5.24
1996-06-01   5.27
1996-07-01   5.40
1996-08-01   5.22
1996-09-01   5.30
1996-10-01   5.24
1996-11-01   5.31
1996-12-01   5.29
1997-01-01   5.25
1997-02-01   5.19
1997-03-01   5.39
1997-04-01   5.51
1997-05-01   5.50
1997-06-01   5.56
1997-07-01   5.52
1997-08-01   5.54
1997-09-01   5.54
1997-10-01   5.50
1997-11-01   5.52
1997-12-01   5.50
1998-01-01   5.56
1998-02-01   5.51
1998-03-01   5.49
1998-04-01   5.45
1998-05-01   5.49
1998-06-01   5.56
1998-07-01   5.54
1998-08-01   5.55
1998-09-01   5.51
1998-10-01   5.07
1998-11-01   4.83
1998-12-01   4.68
1999-01-01   4.63
1999-02-01   4.76
1999-03-01   4.81
1999-04-01   4.74
1999-05-01   4.74
1999-06-01   4.76
1999-07-01   4.99
1999-08-01   5.07
1999-09-01   5.22
1999-10-01   5.20
1999-11-01   5.42
1999-12-01   5.30
2000-01-01   5.45
2000-02-01   5.73
2000-03-01   5.85
2000-04-01   6.02
2000-05-01   6.27
2000-06-01   6.53
2000-07-01   6.54
2000-08-01   6.50
2000-09-01   6.52
2000-10-01   6.51
2000-11-01   6.51
2000-12-01   6.40
2001-01-01   5.98
2001-02-01   5.49
2001-03-01   5.31
2001-04-01   4.80
2001-05-01   4.21
2001-06-01   3.97
2001-07-01   3.77
2001-08-01   3.65
2001-09-01   3.07
2001-10-01   2.49
2001-11-01   2.09
2001-12-01   1.82
2002-01-01   1.73
2002-02-01   1.74
2002-03-01   1.73
2002-04-01   1.75
2002-05-01   1.75
2002-06-01   1.75
2002-07-01   1.73
2002-08-01   1.74
2002-09-01   1.75
2002-10-01   1.75
2002-11-01   1.34
2002-12-01   1.24
2003-01-01   1.24
2003-02-01   1.26
2003-03-01   1.25
2003-04-01   1.26
2003-05-01   1.26
2003-06-01   1.22
2003-07-01   1.01
2003-08-01   1.03
2003-09-01   1.01
2003-10-01   1.01
2003-11-01   1.00
2003-12-01   0.98
2004-01-01   1.00
2004-02-01   1.01
2004-03-01   1.00
2004-04-01   1.00
2004-05-01   1.00
2004-06-01   1.03
2004-07-01   1.26
2004-08-01   1.43
2004-09-01   1.61
2004-10-01   1.76
2004-11-01   1.93
2004-12-01   2.16
2005-01-01   2.28
2005-02-01   2.50
2005-03-01   2.63
2005-04-01   2.79
2005-05-01   3.00
2005-06-01   3.04
2005-07-01   3.26
2005-08-01   3.50
2005-09-01   3.62
2005-10-01   3.78
2005-11-01   4.00
2005-12-01   4.16
2006-01-01   4.29
2006-02-01   4.49
2006-03-01   4.59
2006-04-01   4.79
2006-05-01   4.94
2006-06-01   4.99
2006-07-01   5.24
2006-08-01   5.25
2006-09-01   5.25
2006-10-01   5.25
2006-11-01   5.25
2006-12-01   5.24
2007-01-01   5.25
2007-02-01   5.26
2007-03-01   5.26

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