Fed Funds Rate

• 4/30/08: CUT of ¼% to 2%

• 3/18/08: CUT of ¾% to 2.25%

• 1/30/08: CUT of ½% to 3%

• 1/22/08: EMERGENCY CUT of ¾% to 3.5%

• 12/11/07: CUT ¼% to 4.25%

• 10/31/07: CUT ¼% to 4.5%

• 9/18/07: CUT ½% to 4.75%

• 6/29/06: UP ¼% to 5.25%

• 5/10/06: UP ¼% to 5%

• 3/28/06: UP ¼% to 4.75%

• 1/31/06: UP ¼% to 4.5%

• 12/13/05: UP ¼% to 4.25%

• 11/1/05: UP ¼% to 4%

• 9/20/05: UP ¼% to 3.75%

• 8/9/05: UP ¼% to 3.5%