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Detailed Report
Key Fed Facts
Federal Reserve System
Federal Reserve Policy Actions
Key FOMC Dates For 1999
Federal Reserve Policy Actions, 1990 - present
1990 1991 1992
1993 1994 1995
1996 1997 1998
1999
1992 |
FOMC Meeting |
Directive |
Bias |
Vote |
Policy Change |
Fed Funds Target |
Change |
Discount Rate |
Change |
2/4 & 2/5 |
Maintain |
Easier |
12 to 0 |
|
4.00 |
|
3.50 |
|
3/31 |
Maintain |
Easier |
12 to 0 |
|
4.00 |
|
3.50 |
|
|
|
|
|
4/9 |
3.75 |
-0.25 |
|
|
5/19 |
Maintain |
Symmetrical |
12 to 0 |
|
3.75 |
|
3.50 |
|
6/30 & 7/1 |
Maintain |
Easier |
10 to 2 |
|
3.75 |
|
3.50 |
|
|
|
|
|
7/2 |
3.25 |
-0.50 |
3.00 |
-0.50 |
8/18 |
Maintain |
Easier |
10 to 2 |
|
3.25 |
|
3.00 |
|
|
|
|
|
9/4 |
3.00 |
-0.25 |
|
|
10/6 |
Maintain |
Easier |
8 to 4 |
|
3.00 |
|
3.00 |
|
11/17 |
Maintain |
Easier |
9 to 3 |
|
3.00 |
|
3.00 |
|
12/22 |
Maintain |
Symmetrical |
12 to 0 |
|
3.00 |
|
3.00 |
|
1993 |
FOMC Meeting |
Directive |
Bias |
Vote |
Policy Change |
Fed Funds Target |
Change |
Discount Rate |
Change |
2/2 & 2/3 |
Maintain |
Symmetrical |
12 to 0 |
|
3.00 |
|
3.00 |
|
3/23 |
Maintain |
Symmetrical |
10 to 2 |
|
3.00 |
|
3.00 |
|
5/18 |
Maintain |
Tighter |
10 to 2 |
|
3.00 |
|
3.00 |
|
7/6 & 7/7 |
Maintain |
Tighter |
11 to 1 |
|
3.00 |
|
3.00 |
|
8/17 |
Maintain |
Symmetrical |
12 to 0 |
|
3.00 |
|
3.00 |
|
9/21 |
Maintain |
Symmetrical |
12 to 0 |
|
3.00 |
|
3.00 |
|
11/16 |
Maintain |
Symmetrical |
12 to 0 |
|
3.00 |
|
3.00 |
|
12/21 |
Maintain |
Symmetrical |
10 to 2 |
|
3.00 |
|
3.00 |
|
1994 |
FOMC Meeting |
Directive |
Bias |
Vote |
Policy Change |
Fed Funds Target |
Change |
Discount Rate |
Change |
2/3 & 2/4 |
Increase slightly |
Symmetrical |
10 to 0 |
2/4 |
3.25 |
+0.25 |
3.00 |
|
3/22 |
Increase slightly |
Symmetrical |
8 to 2 |
3/22 |
3.50 |
+0.25 |
3.00 |
|
|
|
|
|
4/18 |
3.75 |
+0.25 |
3.00 |
|
5/17 |
Increase somewhat |
Symmetrical |
10 to 0 |
5/17 |
4.25 |
+0.50 |
3.50 |
+0.50 |
7/5 & 7/6 |
Maintain |
Tighter |
10 to 1 |
|
4.25 |
|
3.50 |
|
8/16 |
Increase somewhat |
Symmetrical |
12 to 0 |
8/16 |
4.75 |
+0.50 |
4.00 |
+0.50 |
9/27 |
Maintain |
Tighter |
11 to 1 |
|
4.75 |
|
4.00 |
|
11/15 |
Increase significantly |
Symmetrical |
12 to 0 |
11/15 |
5.50 |
+0.75 |
4.75 |
+0.75 |
12/20 |
Maintain |
Tighter |
11 to 1 |
|
5.50 |
|
4.75 |
|
1995 |
FOMC Meeting |
Directive |
Bias |
Vote |
Policy Change |
Fed Funds Target |
Change |
Discount Rate |
Change |
1/31 & 2/1 |
Increase somewhat |
Symetrical |
12 to 0 |
2/1 |
6.00 |
+0.50 |
5.25 |
+0.50 |
3/28 |
Maintain |
Tighter |
11 to 0 |
|
6.00 |
|
5.25 |
|
5/23 |
Maintain |
Symmetrical |
11 to 0 |
|
6.00 |
|
5.25 |
|
7/5 & 7/6 |
Decrease slightly |
Easier |
10 to 1 |
7/6 |
5.75 |
-0.25 |
5.25 |
|
8/22 |
Maintain |
Symmetrical |
11 to 0 |
|
5.75 |
|
5.25 |
|
9/26 |
Maintain |
Symmetrical |
11 to 0 |
|
5.75 |
|
5.25 |
|
11/15 |
Maintain |
Symmetrical |
10 to 1 |
|
5.75 |
|
5.25 |
|
12/19 |
Decrease slightly |
Symmetrical |
11 to 0 |
12/19 |
5.50 |
-0.25 |
5.25 |
|
1996 |
FOMC Meeting |
Directive |
Bias |
Vote |
Policy Change |
Fed Funds Target |
Change |
Discount Rate |
Change |
1/30 & 1/31 |
Decrease slightly |
Symmetical |
10 to 0 |
1/31 |
5.25 |
-0.25 |
5.00 |
-0.25 |
3/26 |
Maintain |
Symmetical |
10 to 0 |
|
5.25 |
|
5.00 |
|
5/21 |
Maintain |
Symmetrical |
10 to 0 |
|
5.25 |
|
5.00 |
|
7/2 & 7/3 |
Maintain |
Tighter |
11 to 1 |
|
5.25 |
|
5.00 |
|
8/20 |
Maintain |
Tighter |
11 to 1 |
|
5.25 |
|
5.00 |
|
9/24 |
Maintain |
Tighter |
11 to 1 |
|
5.25 |
|
5.00 |
|
11/13 |
Maintain |
Tighter |
12 to 0 |
|
5.25 |
|
5.00 |
|
12/17 |
Maintain |
Tighter |
12 to 0 |
|
5.25 |
|
5.00 |
|
1997 |
FOMC Meeting |
Directive |
Bias |
Vote |
Policy Change |
Fed Funds Target |
Change |
Discount Rate |
Change |
2/4 & 2/5 |
Maintain |
Tighter |
10 to 0 |
|
5.25 |
|
5.00 |
|
3/25
| Increase slightly |
Symmetrical |
10 to 0 |
|
5.50 |
+0.25 |
5.00 |
|
5/20
| Maintain |
Tighter |
9 to 1 |
|
5.50 |
|
5.00 |
|
7/1 & 7/2
| Maintain |
Tighter |
10 to 0 |
|
5.50 |
|
5.00 |
|
8/19
| Maintain |
Tighter |
10 to 0 |
|
5.50 |
|
5.00 |
|
9/30
| Maintain |
Tighter |
10 to 0 |
|
5.50 |
|
5.00 |
|
11/12
| Maintain |
Tighter |
11 to 1 |
|
5.50 |
|
5.00 |
|
12/16
| Maintain |
Symmetrical |
11 to 1 |
|
5.50 |
|
5.00 |
|
1998 |
FOMC Meeting |
Directive |
Bias |
Vote |
Policy Change |
Fed Funds Target |
Change |
Discount Rate |
Change |
2/3 & 2/4 |
Maintain |
Symmetrical |
12 to 0 |
|
5.50 |
|
5.00 |
|
3/31 |
Maintain |
Tighter |
11 to 1 |
|
5.50 |
|
5.00 |
|
5/19 |
Maintain |
Tighter |
10 to 2 |
|
5.50 |
|
5.00 |
|
6/30 & 7/1 |
Maintain |
Tighter |
10 to 1 |
|
5.50 |
|
5.00 |
|
8/18 |
Maintain |
Symmetrical |
10 to 1 |
|
5.50 |
|
5.00 |
|
9/29 |
Decrease slightly |
Easier |
11 to 0 |
9/29 |
5.25 |
-0.25 |
5.00 |
|
|
|
|
|
10/15 |
5.00 |
-0.25 |
4.75 |
-0.25 |
11/17 |
Decrease slightly |
Symmetrical |
10 to1 |
11/17 |
4.75 |
-0.25 |
4.50 |
-0.25 |
12/22 |
Maintain |
Symmetrical |
11 to 0 |
|
4.75 |
|
4.50 |
|
1999 |
FOMC Meeting |
Directive |
Bias |
Vote |
Policy Change |
Fed Funds Target |
Change |
Discount Rate |
Change |
2/2 & 2/3 |
Maintain |
Symmetrical |
11 to 0 |
|
4.75 |
|
4.50 |
|
3/30 |
Maintain |
Symmetrical |
11 to 0 |
|
4.75 |
|
4.50 |
|
5/18 |
Maintain |
Tighter |
11 to 0 |
|
4.75 |
|
4.50 |
|
6/29 & 6/30 |
Increase slightly |
Symmetrical |
|
6/30 |
5.00 |
+ 0.25 |
4.50 |
|
8/24 |
Increase slightly |
Symmetrical |
|
8/24 |
5.25 |
+ 0.25 |
4.75 |
+0.25 |
10/5 |
|
11/16 |
|
12/21 |
|
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