A chronology of changes in the Federal Reserve's discount rate since 1958.

1958

2 percent (from 1.75 percent) — Aug. 26

2.5 percent — Oct. 24

1959

3.0 percent — March 6

3.5 percent — May 29

4.0 percent — Sept. 11

1960

3.5 percent — June 3

3 percent — Aug. 12

1963

3.5 percent — July 17

1964

4.0 percent — Nov. 24

1965

4.5 percent — Dec. 8

1967

4.0 percent — April 7

1971

4.5 percent — Dec. 13

1973

5 percent — Jan. 15

5.5 percent — Feb. 26

5.75 percent — April 23

6 percent — May 11

6.5 percent — June 11

7 percent — July 2

7.5 percent — Aug. 14

1974

8 percent — April 30

7.75 percent — Dec. 9

1975

7.25 percent — Jan. 10

6.75 percent — Feb. 4

6.25 percent — March 10

6 percent — May 16

1976

5.25 percent — Nov. 22

1977

5.75 percent — Aug. 30

6 percent — Oct. 25

1978

6.5 percent — Jan. 6

7 percent — May 11

7.25 percent — June 30

7.75 percent — Aug. 18

8 percent — Sept. 22

8.5 percent — Oct. 13

9.5 percent — Nov. 1

1979

10 percent — July 20

10.5 percent — Aug. 16

11 percent — Sept. 18

12 percent — Oct. 8

1980

13 percent — Feb. 15

12 percent — May 28

11 percent — June 12

10 percent — July 25

11 percent — Sept. 25

12 percent — Nov. 14

13 percent — Dec. 4

1981

14 percent — May 5

13 percent — Nov. 2

12 percent — Dec. 4

1982

11.5 percent — July 20

11 percent — Aug. 2

10.5 percent — Aug. 16

10 percent — Aug. 27

9.5 percent — Oct. 12

9 percent — Nov. 22

8.5 percent — Dec. 14

1984

9 percent — April 9

8.5 percent — Nov. 21

8 percent — Dec. 24

1985

7.5 percent — May 20

1986

7 percent — March 7

6.5 percent — April 21

6 percent — July 11

5.5 percent — Aug. 12

1987

6 percent — Sept. 4

1988

6.5 percent — Aug. 9

1989

7 percent — Feb. 24

1990

6.5 percent — Dec. 18

1991

6 percent — Feb. 1

5.5 percent — April 30

5 percent — Sept. 13

4.5 percent — Nov. 6

3.5 percent — Dec. 20

1992

3 percent — July 2

1994

3.5 percent — May 17

4 percent — Aug. 16

4.75 percent — Nov. 15

1995

5.25 percent — Feb. 1

1996

5 percent — Jan. 31

1998

4.75 percent — Oct. 15

4.50 percent — Nov. 17

1999

4.75 percent - Aug. 24

5.00 percent - Nov. 16

2000

5.25 percent — Feb. 2

5.50 percent — March 21

6.00 percent — May 16

2001

5.75 percent — Jan. 3