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October 14, 2025
Minutes of the Board's discount rate meetings on August 18 and September 17, 2025
For release at 2:00 p.m. EDT
The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. Today's minutes cover the Board meetings that occurred on August 18 and September 17, 2025.
The Board's process for setting the discount rate is distinct from the process the Federal Open Market Committee follows in setting the target range for the federal funds rate.
For media inquiries, please email [email protected] or call 202-452-2955.
Last Update:
October 14, 2025
