Month

Year

Fed Funds
Rate

Discount
Rate

3-Mo.

6-Mo.

1-Year

2-Year

5-Year

10-Year

30-Year

January

1995

5.53

4.75

5.90

6.51

7.05

7.51

7.76

7.78

7.85

February

1995

5.92

5.25

5.94

6.31

6.70

7.11

7.37

7.47

7.61

March

1995

5.98

5.25

5.91

6.17

6.43

6.78

7.05

7.20

7.45

April

1995

6.05

5.25

5.84

6.05

6.27

6.57

6.86

7.06

7.36

May

1995

6.01

5.25

5.85

5.93

6.00

6.17

6.41

6.63

6.95

June

1995

6.00

5.25

5.64

5.66

5.64

5.72

5.93

6.17

6.57

July

1995

5.85

5.25

5.59

5.62

5.59

5.78

6.01

6.28

6.72

August

1995

5.74

5.25

5.57

5.65

5.75

5.98

6.24

6.49

6.86

September

1995

5.80

5.25

5.43

5.54

5.62

5.81

6.00

6.20

6.55

October

1995

5.76

5.25

5.44

5.56

5.59

5.70

5.86

6.04

6.37

November

1995

5.80

5.25

5.52

5.51

5.43

5.48

5.69

5.93

6.26

December

1995

5.60

5.25

5.29

5.35

5.31

5.32

5.51

5.71

6.06

January

1996

5.56

5.24

5.15

5.13

5.09

5.11

5.36

5.65

6.05

February

1996

5.22

5.00

4.96

4.97

4.94

5.03

5.38

5.81

6.24

March

1996

5.31

5.00

5.10

5.16

5.34

5.66

5.97

6.27

6.60

April

1996

5.22

5.00

5.09

5.27

5.54

5.96

6.30

6.51

6.79

May

1996

5.24

5.00

5.15

5.33

5.64

6.10

6.48

6.74

6.93

June

1996

5.27

5.00

5.23

5.46

5.81

6.30

6.69

6.91

7.06

July

1996

5.40

5.00

5.30

5.52

5.85

6.27

6.64

6.87

7.03

August

1996

5.22

5.00

5.19

5.34

5.67

6.03

6.39

6.64

6.84

September

1996

5.30

5.00

5.24

5.45

5.83

6.23

6.60

6.83

7.03

October

1996

5.24

5.00

5.12

5.32

5.55

5.91

6.27

6.53

6.81

November

1996

5.31

5.00

5.17

5.27

5.42

5.70

5.97

6.20

6.48

December

1996

5.29

5.00

5.04

5.24

5.47

5.78

6.07

6.30

6.55

January

1997

5.25

5.00

5.17

5.31

5.61

6.01

6.33

6.58

6.83

February

1997

5.19

5.00

5.14

5.27

5.53

5.90

6.20

6.42

6.69

March

1997

5.39

5.00

5.28

5.48

5.80

6.22

6.54

6.69

6.93

April

1997

5.51

5.00

5.30

5.60

5.99

6.45

6.76

6.89

7.09

May

1997

5.50

5.00

5.20

5.53

5.87

6.28

6.57

6.71

6.94

June

1997

5.56

5.00

5.07

5.34

5.69

6.09

6.38

6.49

6.77

July

1997

5.52

5.00

5.19

5.33

5.54

5.89

6.12

6.22

6.51

August

1997

5.54

5.00

5.28

5.40

5.56

5.94

6.16

6.30

6.58

September

1997

5.54

5.00

5.08

5.30

5.52

5.88

6.11

6.21

6.50

October

1997

5.50

5.00

5.11

5.30

5.46

5.77

5.93

6.03

6.33

November

1997

5.52

5.00

5.28

5.38

5.46

5.71

5.80

5.88

6.11

December

1997

5.50

5.00

5.30

5.45

5.53

5.72

5.77

5.81

5.99

January

1998

5.56

5.00

5.18

5.23

5.24

5.36

5.42

5.54

5.81

February

1998

5.51

5.00

5.23

5.27

5.31

5.42

5.49

5.57

5.89

March

1998

5.49

5.00

5.16

5.25

5.39

5.56

5.61

5.65

5.95

April

1998

5.45

5.00

5.08

5.26

5.38

5.56

5.61

5.64

5.92

May

1998

5.49

5.00

5.14

5.36

5.44

5.59

5.63

5.65

5.93

June

1998

5.56

5.00

5.12

5.32

5.41

5.52

5.52

5.50

5.70

July

1998

5.54

5.00

5.09

5.23

5.36

5.46

5.46

5.46

5.68

August

1998

5.55

5.00

5.04

5.15

5.21

5.27

5.27

5.34

5.54

September

1998

5.51

5.00

4.74

4.81

4.71

4.67

4.62

4.81

5.20

October

1998

5.07

4.86

4.07

4.20

4.12

4.09

4.18

4.53

5.01

November

1998

4.83

4.63

4.53

4.59

4.53

4.54

4.54

4.83

5.25

December

1998

4.68

4.50

4.50

4.57

4.52

4.51

4.45

4.65

5.06

January

1999

4.63

4.50

4.45

4.49

4.51

4.62

4.60

4.72

5.16

February

1999

4.76

4.50

4.56

4.61

4.70

4.88

4.91

5.00

5.37

March

1999

4.81

4.50

4.57

4.65

4.78

5.05

5.14

5.23

5.58

April

1999

4.74

4.50

4.41

4.54

4.69

4.98

5.08

5.18

5.55

May

1999

4.74

4.50

4.63

4.75

4.85

5.25

5.44

5.54

5.81

June

1999

4.76

4.50

4.72

5.03

5.10

5.62

5.81

5.90

6.04

July

1999

4.99

4.50

4.69

4.75

5.03

5.55

5.68

5.79

5.98

August

1999

5.07

4.56

4.87

5.09

5.20

5.68

5.84

5.94

6.07

September

1999

5.22

4.75

4.82

5.08

5.25

5.66

5.80

5.92

6.07

October

1999

5.20

4.75

5.02

5.20

5.43

5.86

6.03

6.11

6.26

November

1999

5.42

4.86

5.23

5.43

5.55

5.86

5.97

6.03

6.15

December

1999

5.30

5.00

5.36

5.68

5.84

6.10

6.19

6.28

6.35