FRB: May 2007 Statistical Supplement--Prime Rate Charged by Banks, Short-Term Business Loans

Statistical Supplement | May 2007

Statistical Supplement to the Federal Reserve Bulletin, May 2007

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

Percent per year

Average rate by month,
2004 | 2005 | 2006 | 2007

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
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
Return to top

Year	Average rate
2003	4.12
2004	4.34
2005	6.19
2006	7.96
Return to top

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
October	4.75
November	4.93
December	5.15
Return to top

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
Return to top

2007	Average rate
January	8.25
February	8.25
March	8.25
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

Statistical Supplement | May 2007 | Tips for printing wide tables | Symbols and Abbreviations

Accessibility | Contact us
Last update: June 4, 2007