CBOT Fed Funds September Settlement

The CBOT^® 30-Day Federal Funds futures contract for September 2004 will be cash settled this morning at a final settlement price of 98.395, for an average daily effective federal funds rate of 1.605 percent during the delivery month. Please refer to the attached spreadsheet for more information regarding the calculation of this settlement.

For more information about CBOT Fed Fund futures, contact Fed Funds or call 312-341-7955.

The information in this document, although taken from sources believed to be reliable, does not constitute investment advice and is not guaranteed by the Chicago Board of Trade as to its accuracy or completeness, nor any trading result, and is intended for purposes of information and education only. The Rules and Regulations of the Chicago Board of Trade should be consulted as the authoritative source of all current contract specifications and regulations.