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Report to the Congress on the Profitability of Credit Card Operations of Depository Institutions - June 2017

Figure 1. Average interest rates on credit card accounts

Percent

Year Quarter Interest rate, all card accounts Interest rate, card accounts assessed interest Two-year Treasury rate
1995 1 16.10 15.28 7.11
  2 16.14 16.26 6.17
  3 15.92 15.90 5.98
  4 15.81 15.74 5.48
1996 1 15.80 15.42 5.03
  2 15.44 15.33 6.10
  3 15.66 15.66 6.03
  4 15.62 15.52 5.70
1997 1 15.88 15.15 5.90
  2 15.74 15.72 6.28
  3 15.80 15.79 5.94
  4 15.76 15.74 5.71
1998 1 15.68 15.34 5.42
  2 15.65 15.70 5.59
  3 15.82 15.84 5.27
  4 15.67 15.73 4.54
1999 1 15.39 14.73 4.88
  2 15.19 14.94 5.25
  3 15.07 14.80 5.68
  4 15.12 14.78 5.86
2000 1 15.55 14.30 6.61
  2 15.60 14.76 6.81
  3 15.98 15.37 6.23
  4 15.99 15.26 5.88
2001 1 15.63 14.63 4.66
  2 15.06 14.65 4.26
  3 14.59 14.67 3.76
  4 14.21 13.90 2.78
2002 1 13.62 13.00 3.02
  2 13.53 13.36 3.26
  3 13.36 13.29 2.13
  4 13.11 12.78 1.92
2003 1 12.26 11.96 1.63
  2 12.12 12.89 1.42
  3 12.47 13.13 1.86
  4 12.35 12.93 1.93
2004 1 12.67 12.42 1.74
  2 12.69 12.93 2.53
  3 13.02 13.60 2.51
  4 12.51 13.92 2.85
2005 1 12.21 14.13 3.38
  2 12.77 14.81 3.64
  3 12.48 14.75 4.04
  4 12.58 14.49 4.42
2006 1 13.30 14.38 4.67
  2 13.16 14.77 4.97
  3 13.06 14.67 4.90
  4 13.31 15.09 4.74
2007 1 13.41 14.64 4.85
  2 13.46 14.47 4.77
  3 13.59 15.24 4.31
  4 12.75 14.38 3.34
2008 1 12.47 13.77 1.97
  2 11.88 13.51 2.45
  3 11.94 13.64 2.42
  4 12.03 13.36 1.21
2009 1 12.97 13.54 0.98
  2 13.32 14.43 0.93
  3 13.71 14.90 1.12
  4 13.60 14.37 0.80
2010 1 14.26 14.67 0.86
  2 13.84 14.48 0.83
  3 13.59 14.22 0.52
  4 13.44 13.67 0.45
2011 1 13.44 13.44 0.77
  2 12.89 13.06 0.56
  3 12.28 13.08 0.23
  4 12.36 12.78 0.25
2012 1 12.34 13.04 0.28
  2 12.06 12.76 0.29
  3 11.95 13.21 0.27
  4 11.88 12.81 0.27
2013 1 11.94 13.02 0.27
  2 11.95 12.76 0.25
  3 11.88 13.11 0.36
  4 11.85 12.89 0.30
2014 1 11.83 13.14 0.33
  2 11.83 12.74 0.39
  3 11.82 13.18 0.47
  4 11.99 13.68 0.53
2015 1 11.98 13.53 0.60
  2 12.04 13.49 0.61
  3 12.10 13.93 0.69
  4 12.22 13.70 0.84
2016 1 12.31 13.51 0.84
  2 12.16 13.35 0.77
  3 12.51 13.76 0.73
  4 12.41 13.61 1.01

Source:  Federal Reserve Board, Form FR 2835a, Quarterly Report of Credit Card Plans.

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Last Update: July 19, 2017