Interest Rates Applicable to Credit Extended by Federal Reserve Banks

The Board of Governors of the Federal Reserve System (“Board”) adopted final amendments to Regulation A to reflect the Board’s approval of an increase in the rate for primary credit at each Federal Reserve Bank. The secondary credit rate at each Federal Reserve Bank automatically increased by formula as a result of the Board’s primary credit rate action. The following changes were made to primary and secondary credit: 

• Primary credit. The interest rate at each Federal Reserve Bank for primary credit provided to depository institutions under § 201.4(a) is 4.75 percent. The Board voted to approve a 0.25 percentage point increase in the primary credit rate, thereby increasing the primary credit rate from 4.50 percent to 4.75 percent. 
• Secondary credit. The interest rate at each Federal Reserve Bank for secondary credit provided to depository institutions under § 201.4(b) is 5.25 percent. The secondary credit rate increased by 0.25 percentage points because of the Board’s primary credit rate action, thereby increasing the secondary credit rate from 5.00 percent to 5.25 percent. 

The rate changes for primary and secondary credit were applicable on February 2, 2023. To view the final rule in its entirety, please visit this link.