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   |  
|  |  Dates for:   1999    |  1998    |  1997    |  1996    |  1995    |  1994    |  1993    |  1992    |  1991    |  1990
 
 
| 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 4/18
 | 3.50 3.75
 | + 0.25 + 0.25
 | 3.00 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 |  |  
 
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