Federal Discount Rate
The federal discount rate is the interest rate charged on Federal Reserve Discount Window credit, with distinct rates for primary, secondary, and seasonal programs.
Central-bank policy rates, lending facilities, and targeted credit controls used to interpret monetary conditions.
Policy rates, central-bank lending facilities, and credit controls influence short-term market rates and the availability of credit through different channels. A policy target is not the same as an observed market rate, and neither is automatically the rate paid by a household or business.
The Fed Funds Rate page separates the FOMC target range from actual overnight reserve transactions and the effective rate. Federal Discount Rate explains the distinct rates charged on primary, secondary, and seasonal Discount Window credit. Selective Credit Controls covers targeted rules for a particular borrower, asset, sector, or use rather than broad interest-rate policy. For policy communication, use Forward Guidance.
Record the source, observation date, jurisdiction, rate type, and transmission channel before using a policy signal in valuation, funding, or economic analysis.
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The federal discount rate is the interest rate charged on Federal Reserve Discount Window credit, with distinct rates for primary, secondary, and seasonal programs.
The federal funds rate prices overnight unsecured reserve-balance borrowing and anchors the Federal Reserve's short-term policy-rate framework.
Selective credit controls target the amount, terms, or availability of credit for a specific borrower, asset, sector, or use rather than the economy as a whole.