Changes made by the Federal Reserve in its target for the federal funds rate, the interest banks charge each other on overnight loans, and in its discount rate, the interest the Fed charges in direct loans to banks.

FEDERAL FUNDS RATE

Aug. 24, 1999: 5.25 percent

June 30, 1999: 5 percent

Nov. 17, 1998: 4.75 percent

Oct. 15, 1998: 5 percent

Sept. 29, 1998: 5.25 percent

March 25, 1997: 5.5 percent

Jan. 31, 1996: 5.25 percent

Dec. 19, 1995: 5.5 percent

July 6, 1995: 5.75 percent

Feb. 1, 1995: 6 percent

Nov. 15, 1994: 5.5 percent

Aug. 16, 1994: 4.75 percent

May 17, 1994: 4.25 percent

April 18, 1994: 3.75 percent

March 22, 1994: 3.5 percent

Feb. 4, 1994: 3.25 percent

Sept. 4, 1992: 3 percent (lowest since 1972)

July 2, 1992: 3.25 percent

April 9, 1992: 3.75 percent

Dec. 20, 1991: 4 percent

Dec. 6, 1991: 4.5 percent

Nov. 6, 1991: 4.75 percent

Oct. 30, 1991: 5 percent

Sept. 13, 1991: 5.25 percent

Aug. 6, 1991: 5.5 percent

April 30, 1991: 5.75 percent

March 8, 1991: 6 percent

Feb. 1, 1991: 6.25 percent

Jan. 8, 1991: 6.75 percent

Dec. 19, 1990: 7 percent

Dec. 7, 1990: 7.25 percent

Nov. 16, 1990: 7.5 percent

Oct. 29, 1990: 7.75 percent

July 13, 1990: 8 percent

Dec. 20, 1989: 8.25 percent

Nov. 6, 1989: 8.5 percent

Oct. 16, 1989: 8.75 percent

July 27, 1989: 9 percent

July 7, 1989: 9.25 percent

June 6, 1989: 9.5 percent

Feb. 23, 1989: 9.75 percent

Feb. 3, 1989: 9.25 percent

DISCOUNT RATE

Aug. 24, 1999: 4.75 percent

Nov. 17, 1998: 4.5 percent

Oct. 15, 1998: 4.75 percent

Jan. 31, 1996: 5 percent

Feb. 1, l995: 5.25 percent

Nov. 15, 1994: 4.75 percent

Aug. 16, 1994: 4 percent

May 17, 1994: 3.5 percent

July 2, 1992: 3 percent

Dec. 20, 1991: 3.5 percent

Nov. 6, 1991: 4.5 percent

Sept. 13, 1991: 5 percent

April 30, 1991: 5.5 percent

Feb. 1, 1991: 6 percent

Dec. 18, 1990: 6.5 percent

Feb. 24, 1989: 7 percent

Aug. 9, 1988: 6.5 percent