Primary Credit Rate - Historical Dates of Changes and Rates for Federal Reserve District 8: St. Louis
PCREDIT8 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
350.00%
Date Range
1/9/2003 - 12/19/2024
Summary
The Primary Credit Rate for Federal Reserve District 8 (St. Louis) represents the interest rate charged by the Federal Reserve to banks seeking short-term lending. This rate is a critical indicator of the financial system's liquidity and the central bank's monetary policy stance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator reflects the cost of emergency lending to financial institutions through the Federal Reserve's primary credit discount window. Economists closely monitor these rates as a signal of banking system health and potential financial stress.
Methodology
The rate is set by the Federal Reserve Bank of St. Louis and is adjusted periodically based on economic conditions and monetary policy objectives.
Historical Context
Policymakers and financial analysts use this rate to assess banking sector stability and potential interventions in the financial system.
Key Facts
- Represents emergency lending rate for banks in District 8
- Updated periodically based on economic conditions
- Provides insight into financial system liquidity
FAQs
Q: What is the primary credit rate?
A: The primary credit rate is the interest rate charged by the Federal Reserve to financially sound banks for short-term lending through the discount window.
Q: How often is the primary credit rate updated?
A: The rate can be adjusted as needed, typically in response to significant changes in economic conditions or monetary policy objectives.
Q: Why is the primary credit rate important?
A: It serves as a key indicator of banking system health and provides insights into the Federal Reserve's monetary policy approach.
Q: How does the primary credit rate impact banks?
A: It determines the cost of emergency borrowing for banks and can influence overall lending practices and financial system stability.
Q: Are there limitations to this economic indicator?
A: The rate represents a specific lending mechanism and should be considered alongside other economic indicators for a comprehensive analysis.
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Citation
U.S. Federal Reserve, Primary Credit Rate - Historical Dates of Changes and Rates for Federal Reserve District 8: St. Louis [PCREDIT8], retrieved from FRED.
Last Checked: 8/1/2025