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It has left the rate unchanged since then.
After a defeat on a budget resolution in December 1993, the government backtracked and left the rate at 8%.
Policy makers left the rate unchanged in June but warned that it might be raised again if the economy did not slow more.
The Fed left the rate on overnight loans among banks unchanged at 6.5percentt on Wednesday after raising it six times since last June.
The bank, which cut rates half a percentage point last month, left the rate it charges commercial lenders for overnight loans at 10percentt and the rate at which it borrows from banks at 7.75percentt.
The citywide increase to 20.9percentt from 20.1percentt was slightly higher than the national increase, but still left the rate in New York below that of many other big cities.
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Moody's Investors Service and Fitch, the two other leading agencies, have left the rating alone.
The consensus among Wall Street experts, however, is that the Fed will leave the rate unchanged.
Romney wants to eliminate capital-gains taxes for the typical investor and leave the rate at 15 percent for higher earners.
The bank said it would reduce its standard variable rate for home loans by 20 basis points leaving the rate at 5.45%.
China is reducing its tax on vehicles with engines of 1 to 1.5 liters to 3percentt from 5percentt, while leaving the rate unchanged for slightly more powerful engines.
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