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Statistical Supplement | November 2004

Statistical Supplement to the Federal Reserve Bulletin, November 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
   
2004--June 30 4.25
2004--August 10 4.50
2004--September 21 4.75
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Year Average
rate
2001 6.91
2002 4.67
2003 4.12
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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
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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
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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
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2004 Average
rate
January 4.00
February 4.00
March 4.00
April 4.00
May 4.00
June 4.01
July 4.25
August 4.43
September 4.58
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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: April 20, 2005