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Statistical Supplement | November 2007

Statistical Supplement to the Federal Reserve Bulletin, November 2007

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,
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
   
2007--September 18 7.75
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Year Average
rate
2003 4.12
2004 4.34
2005 6.19
2006 7.96
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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
October 4.75
November 4.93
December 5.15
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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
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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: December 27, 2007