Month

Year

Fed Funds
Rate

Discount
Rate

3-Mo.

6-Mo.

1-Year

2-Year

5-Year

10-Year

30-Year

January

1985

8.35

8.00

8.02

8.45

9.02

9.93

10.93

11.38

11.45

February

1985

8.50

8.00

8.56

8.87

9.29

10.17

11.13

11.51

11.47

March

1985

8.58

8.00

8.83

9.45

9.86

10.71

11.52

11.86

11.81

April

1985

8.27

8.00

8.22

8.71

9.14

10.09

11.01

11.43

11.47

May

1985

7.97

7.81

7.73

8.07

8.46

9.39

10.34

10.85

11.05

June

1985

7.53

7.50

7.18

7.46

7.80

8.69

9.60

10.16

10.45

July

1985

7.88

7.50

7.32

7.57

7.86

8.77

9.70

10.31

10.50

August

1985

7.90

7.50

7.37

7.71

8.05

8.94

9.81

10.33

10.56

September

1985

7.92

7.50

7.33

7.64

8.07

8.98

9.81

10.37

10.61

October

1985

7.99

7.50

7.40

7.71

8.01

8.86

9.69

10.24

10.50

November

1985

8.05

7.50

7.48

7.68

7.88

8.58

9.28

9.78

10.06

December

1985

8.27

7.50

7.33

7.50

7.67

8.15

8.73

9.26

9.54

January

1986

8.14

7.50

7.30

7.53

7.73

8.14

8.68

9.19

9.40

February

1986

7.86

7.50

7.29

7.47

7.61

7.97

8.34

8.70

8.93

March

1986

7.48

7.10

6.76

6.89

7.03

7.21

7.46

7.78

7.96

April

1986

6.99

6.83

6.24

6.36

6.44

6.70

7.05

7.30

7.39

May

1986

6.85

6.50

6.33

6.47

6.65

7.07

7.52

7.71

7.52

June

1986

6.92

6.50

6.40

6.56

6.73

7.18

7.64

7.80

7.57

July

1986

6.56

6.16

6.00

6.12

6.27

6.67

7.06

7.30

7.27

August

1986

6.17

5.82

5.69

5.79

5.93

6.33

6.80

7.17

7.33

September

1986

5.89

5.50

5.35

5.57

5.77

6.35

6.92

7.45

7.62

October

1986

5.85

5.50

5.32

5.48

5.72

6.28

6.83

7.43

7.70

November

1986

6.04

5.50

5.50

5.64

5.80

6.28

6.76

7.25

7.52

December

1986

6.91

5.50

5.68

5.78

5.87

6.27

6.67

7.11

7.37

January

1987

6.43

5.50

5.58

5.67

5.78

6.23

6.64

7.08

7.39

February

1987

6.10

5.50

5.75

5.83

5.96

6.40

6.79

7.25

7.54

March

1987

6.13

5.50

5.77

5.86

6.03

6.42

6.79

7.25

7.55

April

1987

6.37

5.50

5.82

6.19

6.50

7.02

7.57

8.02

8.25

May

1987

6.85

5.50

5.85

6.35

7.00

7.76

8.26

8.61

8.78

June

1987

6.73

5.50

5.85

6.28

6.80

7.57

8.02

8.40

8.57

July

1987

6.58

5.50

5.88

6.05

6.68

7.44

8.01

8.45

8.64

August

1987

6.73

5.50

6.23

6.46

7.03

7.75

8.32

8.76

8.97

September

1987

7.22

5.95

6.62

6.99

7.67

8.34

8.94

9.42

9.59

October

1987

7.29

6.00

6.35

7.04

7.59

8.40

9.08

9.52

9.61

November

1987

6.69

6.00

5.89

6.50

6.96

7.69

8.35

8.86

8.95

December

1987

6.77

6.00

5.96

6.68

7.17

7.86

8.45

8.99

9.12

January

1988

6.83

6.00

6.00

6.56

6.99

7.63

8.18

8.67

8.83

February

1988

6.58

6.00

5.84

6.21

6.64

7.18

7.71

8.21

8.43

March

1988

6.58

6.00

5.87

6.18

6.71

7.27

7.83

8.37

8.63

April

1988

6.87

6.00

6.08

6.50

7.01

7.59

8.19

8.72

8.95

May

1988

7.09

6.00

6.45

6.89

7.40

8.00

8.58

9.09

9.23

June

1988

7.51

6.00

6.66

7.04

7.49

8.03

8.49

8.92

9.00

July

1988

7.75

6.00

6.95

7.35

7.75

8.28

8.66

9.06

9.14

August

1988

8.01

6.37

7.30

7.79

8.17

8.63

8.94

9.26

9.32

September

1988

8.19

6.50

7.48

7.82

8.09

8.46

8.69

8.98

9.06

October

1988

8.30

6.50

7.60

7.90

8.11

8.35

8.51

8.80

8.89

November

1988

8.35

6.50

8.03

8.30

8.48

8.67

8.79

8.96

9.02

December

1988

8.76

6.50

8.35

8.70

8.99

9.09

9.09

9.11

9.01

January

1989

9.12

6.50

8.56

8.85

9.05

9.18

9.15

9.09

8.93

February

1989

9.36

6.59

8.84

9.05

9.25

9.37

9.27

9.17

9.01

March

1989

9.85

7.00

9.14

9.39

9.57

9.68

9.51

9.36

9.17

April

1989

9.84

7.00

8.96

9.17

9.36

9.45

9.30

9.18

9.03

May

1989

9.81

7.00

8.74

8.91

8.98

9.02

8.91

8.86

8.83

June

1989

9.53

7.00

8.43

8.38

8.44

8.41

8.29

8.28

8.27

July

1989

9.24

7.00

8.15

8.01

7.89

7.82

7.83

8.02

8.08

August

1989

8.99

7.00

8.17

8.17

8.18

8.14

8.09

8.11

8.12

September

1989

9.02

7.00

8.01

8.16

8.22

8.28

8.17

8.19

8.15

October

1989

8.84

7.00

7.90

8.03

7.99

7.98

7.97

8.01

8.00

November

1989

8.55

7.00

7.94

7.89

7.77

7.80

7.81

7.87

7.90

December

1989

8.45

7.00

7.88

7.81

7.72

7.78

7.75

7.84

7.90