TIMELINE: Fed funds rate changes since 1994

NEW YORK (Reuters) - The U.S. Federal Reserve on Tuesday cut its

target for overnight interest rates to a range of zero to 0.25 percent.

It also cut the discount rate by 75 basis points to 0.5 percent.

The following is a chronology of the Federal Reserve's changes in the

overnight federal funds rate since 1994. Moves are measured in basis points

(bps), each of which equals one-hundredth of a percentage point.

An asterisk (*) next to the date indicates an intermeeting move.

FED FUNDS DISCOUNT RATE

2008

Dec 16 Cut to zero to 0.25 pct range Cut 75 bps to 0.5 pct

Oct 29 Cut 50 bps to 1 pct Cut 50 bps to 1.25 pct

Oct 8* Cut 50 bps to 1.50 pct Cut 50 bps to 1.75 pct

Apr 30 Cut 25 bps to 2.00 pct Cut 25 bps to 2.25 pct

Mar 18 Cut 75 bps to 2.25 pct Cut 75 bps to 2.50 pct

Mar 16* Cut 25 bps to 3.25 pct

Jan 30 Cut 50 bps to 3.00 pct Cut 50 bps to 3.50 pct