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Dates for:  1999   |  1998   |  1997   |  1996   |  1995   |  1994   |  1993   |  1992   |  1991   |  1990 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   3/23 Maintain   Easier   12 to 0     4/9 4.00 3.75   - 0.25 3.50     5/19 Maintain Symmetrical 12 to 0   3.75   3.50   6/30 & 7/1 Maintain   Easier   10 to 2     7/2 3.75 3.25   - 0.50 3.50 3.00   - 0.50 8/18 Maintain   Easier   10 to 2     9/4 3.25 3.00   - 0.25 3.50       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

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