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Dates for:  1999   |  1998   |  1997   |  1996   |  1995   |  1994   |  1993   |  1992   |  1991   |  1990 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 0   5.50   5.00   12/16 Maintain Symmetrical 11 to 0   5.50   5.00

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