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Statistical Supplement | November 2008

Statistical Supplement to the Federal Reserve Bulletin, November 2008

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,
2005
| 2006 | 2007 | 2008

Date of
change
Rate
0-- 1 4.75
0--November 7 4.25
   
2003--June 27 4.00
   
2004--June 30 4.25
2004--August 10 4.50
2004--September 21 4.75
2004--November 10 5.00
2004--December 14 5.25
   
2005--February 2 5.50
2005--March 22 5.75
2005--May 3 6.00
2005--June 30 6.25
2005--August 9 6.50
2005--September 20 6.75
2005--November 1 7.00
2005--December 13 7.25
   
2006--January 31 7.50
2006--March 28 7.75
2006--May 10 8.00
2006--June 29 8.25
   
2007--September 18 7.75
2007--October 31 7.50
2007--December 11 7.25
   
2008--January 22 6.50
2008-- 30 6.00
2008--March 18 5.25
2008--April 30 5.00
Return to top 
Year Average
rate
2004 4.34
2005 6.19
2006 7.96
2007 8.05
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2005 Average
rate
January 5.25
February 5.49
March 5.58
April 5.75
May 5.98
June 6.01
July 6.25
August 6.44
September 6.59
October 6.75
November 7.00
December 7.15
Return to top 
2006 Average
rate
January 7.26
February 7.50
March 7.53
April 7.75
May 7.93
June 8.02
July 8.25
August 8.25
September 8.25
October 8.25
November 8.25
December 8.25
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2007 Average
rate
January 8.25
February 8.25
March 8.25
April 8.25
May 8.25
June 8.25
July 8.25
August 8.25
September 8.03
October 7.74
November 7.50
December 7.33
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2008 Average
rate
January 6.98
February 6.00
March 5.66
April 5.24
May 5.00
June 5.00
July 5.00
August 5.00
September 5.00
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 statistical release.   Return to table

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Last update: November 26, 2008