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Statistical Supplement | March 2008

Statistical Supplement to the Federal Reserve Bulletin, March 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
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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
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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
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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 11, 2008