The Federal Reserve Board eagle logo links to home page


Statistical Supplement | April 2004

Statistical Supplement to the Federal Reserve Bulletin, April 2004

1.33  Prime Rate Charged by Banks, Short-Term Business Loans1
Percent per year

Date of change

Average rate per year

Average rate by month,
2001
| 2002 | 2003 | 2004

Date of
change
Rate
2001--January 4 9.00
2001--February 1 8.50
2001--March 21 8.00
2001--April 19 7.50
2001--May 16 7.00
2001--June 28 6.75
2001--August 22 6.50
2001--September 18 6.00
2001--October 3 5.50
2001--November 7 5.00
2001--December 12 4.75
   
2002--November 7 4.25
   
2003--June 27 4.00
Return to top 
Year Average
rate
2001 6.91
2002 4.67
2003 4.12
Return to top 
 
2001 Average
rate
January 9.05
February 8.50
March 8.32
April 7.80
May 7.24
June 6.98
July 6.75
August 6.67
September 6.28
October 5.53
November 5.10
December 4.84
Return to top 
2002 Average
rate
January 4.75
February 4.75
March 4.75
April 4.75
May 4.75
June 4.75
July 4.75
August 4.75
September 4.75
October 4.75
November 4.35
December 4.25
Return to top 
2003 Average
rate
January 4.25
February 4.25
March 4.25
April 4.25
May 4.25
June 4.22
July 4.00
August 4.00
September 4.00
October 4.00
November 4.00
December 4.00
Return to top 
2004 Average
rate
January 4.00
February 4.00
Return to top 

1. The prime rate is one of several base rates that banks use to price short-term business loans. The table shows the date on which a new rate came to be the predominant one quoted by a majority of the twenty-five largest banks by asset size, based on the most recent Call Report. Data in this table also appear in the Board's H.15 (519) weekly and G.13 (415) monthly statistical releases.   Return to table

Statistical Supplement | April 2004 | Tips for printing wide tables | Symbols and Abbreviations


Accessibility | Contact us
Last update: May 17, 2005