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30667_1975-1979

30667_1975-1979

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A 28 F .R .

B AN K IN TER EST R ATES • J AN UAR Y 1975
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date
1974—J an. 7 9y
2
~9y
4
m-
99/io
14.
29.
Feb.
19.
25.
26.
Mar. 4.
19.
21.
22. ,
26.
28.
29.
Apr.
Rate
9i/
2
-93/
4
._
98/io
914-91/2.-
97/io
9-914 "93/10
9m- 9V4
8V i 0-8 % .-9
8710-834 •
8 Vi-8 7/io-
81^-8
6
/10-
83/4-
834«-88/
10
8%h- 8
8
/i o- 9
8 8/10-9 b
9 a
9 «-914
9-91/4.-91/2
914.-94/ K)-
91/2
9
1
/
4-9
4
/io-
91/2-
94/10-91/2.-
934
9
4
/i o- 9i ^-
934.
934.-98A0-
10
Effective date
1974- -Apr. 11
15
19
Apr. 23.
24.
25.
26.
30.
May 2.
3.
6.
7.
10,
13.
17.
20,
Rate
11.
11.
11-1114-
1114-ll-4/
10
-111/ 2.
l l l /
2
. -113/
4
Effective date
934_98/
10
_
1974—J une 3.
10.
10.-10Vio- 7,
1014
IO-IO1/10- 10
IOI/4. 21
24.
1014 .-104/10
101/4.- 25
104/10-
ioy
2 26.
1014-104/10-
101/2-
28
104/10-
101/2.- J uly 3,
103/4-11
l 01/
2
.- 5
IO6/1O- 9
1034-11 23
101/ 2- 106/ l f r -
1034 .- 11 Aug. 20,
106/10-1034.
Aug. 20,
-11 Sept. 26.
106/10-1034-
Sept. 26.
15.
21.
Rate
111/2 .-116/lfr-
II34
LLI ^-LLI / Z.-
IH/10
in/2-
111/4-1114..
1 lVi"-l 134
1114 . - 1134-
11 s/io
iiu-im . -
118/10
1134.-118/
K
1134.-118/
10
.
12
118/
10
-12.
12.-1214
1034-12.-
121/4
1034-12.
103/4-111/2-
1134-12.
IO34-IH/2-
1134.-12
1034-1114-
111/2-
1134.
1034-1114-
ii!/2"
1134
Effective date
1974—Oct. 28,
Nov. 4
11
14
18,
19
25,
Dec. 2,
Rate
1034-11-
IH/4.-
IH/2
1034-11.-
IH/4
ioi/i-1034-
1 1 .
101/2-1034.-
10-101/i-
103/4.
10-1014-
101/2-
1034.
10-1014-
101/2.
934-10-1014
-101/2.
NOTE.—Beginning Nov. 1971, several banks adopted a floating prime
rate keyed to money market variables. . denotes the predominant prime
rate quoted by commercial banks to large businesses.
Effective Apr. 16, 1973, with the adoption of a two tier or "dual prime
rate," this table shows only the "large-business prime rate," which is the
range of rates charged by commercial banks on short-termloans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Center
35 centers
New Y ork Ci ty..
7 Other Northeast
8 North Central ..
7 Southeast
8 Southwest
4 West Coast
35 centers
New Y ork Ci ty...
7 Other Northeast
8 North Central ..
7 Southeast
8 Southwest
4 West Coast
35 centers
New Y ork Ci ty...
7 Other Northeast
8 North Central ..
7 Southeast
8 Southwest
4 West Coast
All sizes
Nov.
1974
Aug.
1974
Size of loan (in thousands of dollars)
1-9
Nov.
1974
Aug.
1974
10-99
Nov.
1974
Aug.
1974
100-499
Nov.
1974
Aug.
1974
500-999
Nov.
1974
Aug.
1974
1,000 and over
Nov.
1974
Short-term
Long-term
Aug.
1974
11.64 12.40 11.81 11.74 12.04 12.34 11.97 12.60 11.80 12.49 11 .44 12.34
11.35 12.38 12.31 12.14 12.11 12.82 12.05 12.85 11.56 12.35
11
.21 12.32
12.22 13.17 13.03 13.07 12.84 13.20 12.46 13.34 12.34 13.29 1L .91 13.05
11.66 12.36 11.54 11.25 11.99 12.42 11.93 12.68 11.77 12.49 11, .53 12.25
11.52 11.85 11.44 11.41 11.34 11.60 11.43 11.84 11.62 11.84 11, .62 12.00
11.56 11.95 10.87 10.83 11.64 11.62 11.77 12.02 11.74 12.15 11. .36 11.99
11.48 12.15 12.26 12.38 11.99 12.29 11.86 12.30 11.56 12.33 l l ! .32 12.07
Revolving credit
11.60 12.46 12.71 12.06 12.00 12.45 11.99 12.47 11.60 12.35 11 .56 12.48
11.60 12.48 12.25 12.72 11.97 12.49 11.89 12.60 11.77 12.58 11 .57 12.46
12.26 12.38 12.08 13.60 11.98 12.86 11.68 12.04 11.75 11.57 12 .50 12.49
11 .82 12.72 13.34 12.38 12.29 12.31 12.57 12.45 11.79 12.06 11, .72 12.87
11.53 12.44 9.54 11.41 11.42 13.09 11.03 10.98 11.74 11, .25 13.27
12.06 12.81 13.03 12.74 12.33 12.43 12.28 13.03 11.82 12.57 12.06 12.88
11.39 12.35 12.70 12.69 11.89 12.60 11.68 12.53 11.57 12.49 11, .33 12.31
12.16 <13.08 11.74 11.76 12.04 <12.03 12.09 12.30 11.71 12.59 12.23 <13.03
11.96 <13.65 8.87 10.43 11.45 12.56 12.37 12.72 12.02 12.26 11.93 <13.81
12.35 12.74 12.66 12.70 12.52 11.83 11.98 12.60 11.55 12.20 12.61 13.01
12.29 13.12 10.90 11.27 11.89 11.47 11.90 12.27 11.75 12.70 12.44 13.40
13.81 10.27 11.21 11.05 11.45 10.83 12.14 11.69 12.02 11.06 17.29 8.30
12.27 13.43 12.39 12.09 12.18 12.84 12.28 12.06 12.68 12.41 12.49 14.22
12.01 12.41 12.75 11.38 11.99 13.09 12.04 11.82 11.60 13.43 12.06 12.32
NOTE.—Beginning Feb. 1971 the Quarterly Survey of I nterest Rates on
Business Loans was revised. For description of revised series see pp. 468-
77 of the J une 1971 BULLETIN.
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
January 1975
A 28 INTEREST RATES • FEBRRARY 1975
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date
1974—Jan. 7.
14.
29.
Feb. 11.
19.
25.
26.
Mar. 4.
5.
19.
21.
22.
26.
28.
29.
Apr. 2.
3.
4.
5
Rate
9i/2-93/
4
._
99/io
91/2-93/4.-
98/io
91/4-91/2.-
97/io
,
-9
1
i
4«9
3
/io
9. - 9
8Vio-8%«-9
8V10-8 .
8%-8
7
/io-
8
3
4-
8 I/
2
-86/
10
-
83^.
834.-88/,o-9
8 "/to-9 b
9 .
9.-91/4
9-91^ >-91/2
91/2
9%-94/io-
91/2-
94/
10
-91/
2
b-
934
94/10-91/2-
934.
9%b-9«/io-
10
Effective date
1974—Apr. 11.
15.
19.
Apr. 23.
24.
25.
26.
30.
May 2.
3.
6.
7.
10
13,
17,
20
Rate
934-98/XO-
10.
10.-101/10-
IOI/4
10-1OI/IO-
1014-
1014«-104/
10
10i4«-
104/10-
101/2
1014-104/10-
101/2-
104/,0-
101/2--
1034-11
101/2 • -
IO6/10-
1034-11
101/2-106/lfr-
1034 .-11
106/io-1034.
-11
106/!O-1034-
11.
11-1U4-
1114--11 4/io
11 14-11-
4
/
10
-111/2-
111/2 "-11%
Effective date
I974—June 3.
7.
10.
21.
24.
25.
26.
28.
July 3,
5
9
23
Aug. 20
Sept. 26
Oct. 7
15
21
Rate
111/2 --116/l0~
113/
4
1114-111/2--
116/10
HI/2-
111/4-1H/2-
111/2--1134
111/2--11
3
4-
118/10
111/2-1134.-
118/10
1134.-118/U
1134.-H8/
10
.
12
118/
10
-12-
12.-1214
1034-12.-
121/4
1034-12.
IO34-II1/2-
1134-12-
103/4-111/2-
1134.-12
1034-1II/4-
IH/2-
1134.
1034-1114-
1H/2"
113/4
Effective date
1974—Oct. 28.
Nov. 4.
14.
18.
19.
25.
Dec. 2.
1975—Jan. 9,
13,
15
20
28
29
Rate
1034-11-
IH/4--
IH/ 2
1034-11--
II1/4
IO1/ 2-IO34-
11-
101/2-1034--
11
ia-101/2-
103/4-
10-1014-
101/2-
103/4-
10-1014-
101/
2
-
934-10-1014
-101/2-
91/2-10-
1014 ——
101/2
91/2-9 34-1 fl-
i c ^ -
91/2-934-
io--ioi4
91/2-9 34 . - 10
91/2--9 34-10
91/2--934
NOTE.—Beginning Nov. 1971, several banks adopted a floating prime
rate keyed to money market variables. - denotes the predominant prime
rate quoted by commercial banks to large businesses.
Effective Apr. 16, 1973, with the adoption of a two tier or "dual prime
rate," this table shows only the "large-business prime rate," which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Center
35 centers 11.64 12.40 11.81 11.74 12.04 12.34 11. .97 12.60 11 .80 12.49 11.44 12.34
New York City 11.35 12.38 12.31 12.14 12.11 12.82 12. ,05 12.85 11, .56 12.35 11.21 12.32
7 Other Northeast 12.22 13.17 13.03 13.07 12.84 13.20 12, .46 13.34 12, .34 13.29 11.91 13.05
8 North Central 11.66 12.36 11.54 11.25 11.99 12.42 11 .93 12.68 11, .77 12.49 11 .53 12.25
7 Southeast 11.52 11.85 11.44 11.41 11.34 11.60 11. .43 11 .84 11, .62 11.84 11.62 12.00
8 Southwest 11.56 11.95 10.87 10.83 11.64 11.62 11. .77 12.02 11, .74 12.15 11.36 11 .99
4 West Coast 11.48 12.15 12.26 12.38 11.99 12.29 11, .86 12.30 11, .56 12.33 11.32 12.07
Size of loan (in thousands of dollars)
All sizes -9 10-99 100-499 500-999 1,000 and over
Nov. Aug. Nov. Aug. Nov. Aug. Nov. Aug. Nov. Aug. Nov. Aug.
1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974 1974
Short-term
Revolving credit
35 centers
New York City
7 Other Northeast
8 North Central
7 Southeast
11.60
11.60
12.26
11.82
11.53
12.06
11.39
12.46
12.48
12.38
12.72
12.44
12.81
12.35
12.71
12.25
12.08
13.34
12.06
12.72
13.60
12.38
9.54
12.74
12.69
12.00
11.97
11.98
12.29
11.41
12.33
11.89
12.45
12.49
12.86
12.31
11.42
12.43
12.60
11.99
11.89
11.68
12.57
13.09
12.28
11.68
12.47
12.60
12.04
12.45
11.03
13.03
12.53
11.60
11.77
11.75
11.79
10.98
11.82
11.57
12.35
12.58
11.57
12.06
11.74
12.57
12.49
11.56
11.57
12.50
11.72
11.25
12.06
11.33
12.48
12.46
12.49
12.87
13.27
12.88
12.31
8 Southwest
4 West Coast
11.60
11.60
12.26
11.82
11.53
12.06
11.39
12.46
12.48
12.38
12.72
12.44
12.81
12.35
13.03
12.70
12.06
12.72
13.60
12.38
9.54
12.74
12.69
12.00
11.97
11.98
12.29
11.41
12.33
11.89
12.45
12.49
12.86
12.31
11.42
12.43
12.60
11.99
11.89
11.68
12.57
13.09
12.28
11.68
12.47
12.60
12.04
12.45
11.03
13.03
12.53
11.60
11.77
11.75
11.79
10.98
11.82
11.57
12.35
12.58
11.57
12.06
11.74
12.57
12.49
11.56
11.57
12.50
11.72
11.25
12.06
11.33
12.48
12.46
12.49
12.87
13.27
12.88
12.31
Long-term 1
35 centers 12.16 13.08 11.74 11.76 12.04 12.03 12.09 12.30 11.71 12.59 12.23 13.03
New York City 11-. 96 13.65 8.87 10.43 11.45 12.56 12.37 12.72 12.02 12.26 11.93 13.81
7 Other Northeast 12.35 12.74 12.66 12.70 12.52 11.83 11.98 12.60 11.55 12.20 12.61 13.01
8 North Central 12.29 13.12 10.90 11.27 11.89 11.47 11.90 12.27 11.75 12.70 12.44 13.40
7 Southeast 13.81 10.27 11.21 11.05 11.45 10.83 12.14 11.69 12.02 11.06 17.29 8.30
8 Southwest 12.27 13.43 12.39 12.09 12.18 12.84 12.28 12.06 12.68 12.41 12.49 14.22
4 West Coast 12.01 12.41 12.75 11.38 11.99 13.09 12.04 11.82 11.60 13.43 12.06 12.32
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
February 1975
A 28 I NTEREST RATES   MARCH 1975
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date
1974—Apr. 11
15
19,
Apr. 23.
24.
25.
26.
30.
May 2.
3.
6.
7.
10.
13.
17.
20.
Rate
934-98/10-
10b
IOb-IOVio-
10%
10-IO1/10-
10%.
10%B-10VlO
10%B-
10*1x0-
10%
1014- 104/10-
101/2-
104/10-
IOI/2 ■-
1034-11
10%B-
IO6/ 10-
1034-11
lOi/i-lOVio-
1034 B-ll
106/1O-1034.
-11
106/lfr-1034-
11m
11a
11-l li4«
1114 * -114/10
l l i 4 - l l - 4/io
-111/2*
11%b- i i %
Effective date
1974—J une 3.
7.
10,
21,
24,
25,
26,
28,
J uly 3
5
9
23
Aug. 20
Sept. 26
Oct. 7.
15,
21,
Rate
11V4«-11«/io-
H 34
1114- I I %■-
l l«/io
11%-
1114- 11%b
11%.-1134
11%B-11%
118/10
11%-11%B-
118/10
liy4m-ll*lu
liy4»-U*lio-
12
11*/10-12b
12b-1214
1034-1 2b-
1214
1034-12b
1034-11%-
1134-12B
1034-1l l /i ­
l l % b-12
IO34- H 14-
11%-
H 34»
1034- 1114-
!!%■
113/4
Effective date
1974—Oct. 28,
Nov. 4
11
14
18
19,
25,
Dec. 2,
1975—J an. 9,
13,
15
20
28
29
Rate
1034-11-
11%«-
11%
1034-1 1b-
I I 1/4
10%-1034-
11a
10%-1034b
11
10-10%-
1034b
10- 1014-
10%-
1034b
10- 1014-
10%B
934- 10-1014
—10%B
91/2- 10-
1014 b-
10%
91/2- 934- 10-
101/4B
91/2- 934-
1Ob-1014
9%-934 B-10
9%b-934-10
9%b-934
Effective date
1975—Feb. 3
4,
10
18
24
Mar. 3
Rate
834-9-914■-
9%-934
83^-9-914b
834-9b
8%-834b-9
8%b-83/4
814- 8% b
Note.—Beginning Nov. 1971, several banks adopted a floating prime
rate keyed to money market variables, b denotes the predominant prime
rate quoted by commercial banks to large businesses.
Effective Apr. 16, 1973, with the adoption of a two tier or “dual prime
rate,” this table shows only the “large-business prime rate,” which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Center
All sizes
Sizeof loan (in thousands of dollars)
1-9 10-99 100-499 500-999 1,000 and over
Nov.
1974
Aug.
1974
Nov.
1974
Aug.
1974
Nov.
1974
Aug.
1974
Nov.
1974
Aug.
1974
Nov.
1974
Aug.
1974
Nov.
1974
Aug.
1974
Short-term
35 centers.....................................
New York City........................
7 Other Northeast...................
8North Central.......................
7 Southeast...............................
8 Southwest..............................
4 West Coast............................
11.64
11.35
12.22
11.66
11.52
11.56
11.48
12.40
12.38
13.17
12.36
11.85
11.95
12.15
11.81
12.31
13.03
11.54
11.44
10.87
12.26
11.74
12.14
13.07
11.25
11.41
10.83
12.38
12.04
12.11
12.84
11.99
11.34
11.64
11.99
12.34
12.82
13.20
12.42
11.60
11.62
12.29
11.97
12.05
12.46
11.93
11.43
11.77
11.86
12.60
12.85
13.34
12.68
11.84
12.02
12.30
11.80
11.56
12.34
11.77
11.62
11.74
11.56
12.49
12.35
13.29
12.49
11.84
12.15
12.33
11.44
11.21
11.91
11.53
11.62
11.36
11.32
12.34
12.32
13.05
12.25
12.00
11.99
12.07
Revolving credit
35 centers.....................................
New York City........................
7 Other Northeast...................
8North Central.......................
7 Southeast...............................
8Southwest..............................
4 West Coast............................
11.60
11.60
12.26
11.82
11.53
12.06
11.39
12.46
12.48
12.38
12.72
12.44
12.81
12.35
12.71
12.25
12.08
13.34
i 3.03
12.70
12.06
12.72
13.60
12.38
9.54
12.74
12.69
12.00
11.97
11.98
12.29
11.41
12.33
11.89
12.45
12.49
12.86
12.31
11.42
12.43
12.60
11.99
11.89
11.68
12.57
13.09
12.28
11.68
12.47
12.60
12.04
12.45
11.03
13.03
12.53
11.60
11.77
11.75
11.79
10.98
11.82
11.57
12.35
12.58
11.57
12.06
11.74
12.57
12.49
11.56
11.57
12.50
11.72
11.25
12.06
11.33
12.48
12.46
12.49
12.87
13.27
12.88
12.31
Long-term
35 centers.....................................
New York City........................
7 Other Northeast...................
8North Central.......................
7 Southeast...............................
8Southwest..............................
4 West Coast............................
12.16
11.96
12.35
12.29
13.81
12.27
12.01
13.08
13.65
12.74
13.12
10.27
13.43
12.41
11.74
8.87
12.66
10.90
11.21
12.39
12.75
11.76
10.43
12.70
11.27
11.05
12.09
11.38
12.04
11.45
12.52
11.89
11.45
12.18
11.99
12.03
12.56
11.83
11.47
10.83
12.84
13.09
12.09
12.37
11.98
11.90
12.14
12.28
12.04
12.30
12.72
12.60
12.27
11.69
12.06
11.82
11.71
12.02
11.55
11.75
12.02
12.68
11.60
12.59
12.26
12.20
12.70
11.06
12.41
13.43
12.23
11.93
12.61
12.44
17.29
12.49
12.06
13.03
13.81
13.01
13.40
8.30
14.22
12.32
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
March 1975
A 26 INTEREST RATES □ APRIL 1975
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effectivedate Rate
1974—Oct. 28........... 1034-11-
1H/4--
11%
Nov. 4........... 1034-1 l a-
111/4
101/2-1034-
11a
10i/4-1034a-
11
10-10V4-
1034-
10-1014-
10%-
1034-
10- 1014-
101/2-
11...........
14...........
18...........
19...........
25...........
Dec. 2........... 934- 10-1014
-10%.
1975—J an. 9........... 91/2- 10-
101/4--
101/2
91/2- 934- 10-
1014-
91/2- 934-
1Oa-1014
91/2-934 a-l 0
91/2--934-10
91/2--934
13...........
15...........
20...........
28...........
29...........
Effective date
1974—Apr. 11
15,
19,
Apr. 23.
24.
25.
26.
30.
May 2.
3.
6.
7.
10.
13.
17.
20,
Rate
934—98/10—
10a
10a-107io-
10%
10-1 Oi/io-
10y4m
WArn-lQi/io
10V4m-
104/10-
10y2
10i4-104/io-
10%.
104/10-
IOI/2 a-
10^-11
lOVia-
106/io—
1034-11
10%-10«/io-
1034a-l 1
106/io-10%a
-11
IO6/10-IO34-
11a
11a
11- 1114"
l l i 4 « - l l 4/io
I I 14-H-V 10
-l l i /2a
ll^a-1134
Effective date
1974—J une 3...
7..
10..
21..
24..
25..
26..
28..
J uly 3..
5..
9..
23..
Aug. 20..
Sept. 26..
Oct. 7..
15..
21..
Rate
11%
1114-111/2"-
116/10
l l %-
1114-111,4 ai
111,4a-1134
111/4a-11 %■
118/10
llVi-1134 a-
118/10
1134a-l 18/!,
1134H-118/10.
12
1l 8/io-12a
12a-12i4
’W -
1034-12B
IO34-I H/2-
1134-12B
1034-1H/2-
1134 a—12
IO34- H 14-
H%-
1134a
IO34- H 14-
11%-
1134
Effective date
1975—Feb. 3.
4,
10.
18.
24,
Mar. 3,
5,
6,
10
17,
18,
24,
Rate
834-9-914*-
9V4-934
834-9-914*
83/4-9b
81/2-834 .-9
81/2b-834
814- 8I/2B
81/4-81/2
734- 814- -
81/2
734_8a-8i4
734- 8a
7i/2-734b-8
71/2--734-8
Not e.—Beginning Nov. 1971, several banks adopted a floating prime
ate keyed to money market variables, a denotes the predominant prime
ate quoted by commercial banks to large businesses.
Effective Apr. 16, 1973, with the adoption of a two-tier or “dual prime
rate,” this table shows only the “large-business prime rate,” which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Sizeof loan (in thousands of dollars)
Center
All sizes 1-9 10-99 100-499 500-999 1,000 and over
Feb.
1975
Nov.
1974
Feb.
1975
Nov.
1974
Feb.
1975
Nov.
1974
Feb.
1975
Nov.
1974
Feb.
1975
Nov.
1974
Feb.
1975
Nov.
1974
Short-term
35 centers.....................................
New York City........................
7Other Northeast...................
8North Central.......................
7 Southeast...............................
8Southwest..............................
4 West Coast............................
9.94
9.61
10.31
9.87
10.24
10.01
9.99
11.64
11.35
12.22
11.66
11.52
11.56
11.48
10.94
10.82
12.07
10.55
10.59
10.36
11.23
11.81
12.31
13.03
11.54
11.44
10.87
12.26
10.73
10.60
11.31
10.49
10.52
10.47
10.75
12.04
12.11
12.84
11.99
11.34
11.64
11.99
10.25
10.14
10.64
10.09
10.21
10.11
10.22
11.97
12.05
12.46
11.93
11.43
11.77
11.86
9.93
9.74
10.09
9.85
10.22
9.83
10.05
11.80
11.56
12.34
11.77
11.62
11.74
11.56
9.73
9.50
9.96
9.74
10.12
9.84
9.84
11.44
11.21
11.91
11.53
11.62
11.36
11.32
Revolving credit
35centers.....................................
New York City........................
7 Other Northeast...................
8North Central.......................
7 Southeast...............................
8Southwest..............................
4 West Coast............................
9.20
7.84
10.83
10.32
9.77
10.54
9.52
11.60
11.60
12.26
11.82
11.53
12.06
11.39
11.03
10.98
12.05
11.77
10.61
11.61
10.67
12.71
12.25
12.08
13.34
13.03
12.70
10.56
10.59
10.60
11.14
10.41
11.18
10.13
12.00
11.97
11.98
12.29
11.41
12.33
11.89
10.14
9.98
9.97
10.97
10.35
10.57
9.77
11.99
11.89
11.68
12.57
13.09
12.28
11.68
10.18
9.87
10.98
10.24
9.00
10.75
10.17
11.60
11.77
11.75
11.79
10.98
11.82
11.57
8.98
7.61
10.90
10.22
9.76
10.37
9.40
11.56
11.57
12.50
11.72
11.25
12.06
11.33
Long-term
35 centers.....................................
New York City........................
7 Other Northeast...................
8North Central.......................
7Southeast...............................
8Southwest..............................
4 West Coast............................
10.26
9.62
10.48
11.33
10.42
9.87
10.07
12.16
11.96
12.35
12.29
13.81
12.27
12.01
10.54
9.27
10.99
10.32
9.67
11.99
8.36
11.74
8.87
12.66
10.90
11.21
12.39
12.75
10.55
10.82
10.77
10.25
10.47
10.12
10.77
12.04
11.45
12.52
11.89
11.45
12.18
11.99
10.57
10.46
10.51
10.17
11.11
10.46
11.28
12.09
12.37
11.98
11.90
12.14
12.28
12.04
10.16
9.78
10.20
9.45
11.95
10.09
10.94
11.71
12.02
11.55
11.75
12.02
12.68
11.60
10.21
9.53
10.49
11.81
9.16
9.60
9.78
12.23
11.93
12.61
12.44
17.29
12.49
12.06
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
April 1975
A 26 INTEREST RATES   MAY 1975
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date
1974—Apr. 11
15,
19,
Apr. 23.
24.
25.
26.
30.
May 2.
3.
6.
7.
10,
13,
17,
20
Rate
9%-98/ifr-
10a
lOe-lOVio-
10 Va
10-lOi/io-
10 Va *
10VAm-\0*ho
10Va » -
10*/io—
10%
10Va -10*Iio-
loH-11
10%B-
106/io—
103^-11
10Vi-10«/io-
1034 B-ll
106/io-10%a
-11
lOe/io-lO
11a
11a
11- l l ^a
l l ^a-l l V i o
1114-11-Vio
-11%"
H %i - l l %
Effective date
1974—June 3.
7.
10.
21.
24,
25,
26,
28,
July 3
5,
9
23
Aug. 20
Sept. 26,
Oct. 7,
15
21,
Rate
11%b-11«/io-
11%
l l ^ - l l % a -
ll«/io
l l $ - l l % a
l l % a - 1 1 3 4
l l % a - l l % -
118/10
l m - i m a -
l l 8/io
l l % a - l l 8/n
ll^a-118/io-
12
11s/io-l 2a
12a-12%
ior r a2-
1034-12a
1 0 34- 11% -
1134-12a
1034-11%-
1134.-12
1 0 3 4 - 1 H 4 -
H%-
1134-
1034- 1114-
11%-
1134
Effective date
1974—Oct. 28,
Nov. 4
11
14
18,
19
25,
Dec. 2.
1975—Jan. 9,
13,
15
20
28
29
Rate
10%-11-
<Wa »-
11%
1034-1 l a -
1114
10%-1034-
10%-1034a-
11
10-10%-
1034a
10- 1014-
10%-
1034a
10- 1014-
I0%a
934-10-1014
-10%a
9%-10-
10i4a-
10%
9%-934 - 1 0 -
10y4a
9%-934-
10a-10i4
9%-934a-10
9%b- 934-10
9%a-934
Effective date
1975—Feb. 3
4,
10,
18,
24,
Mar. 3
5,
6,
10
17,
18
24
25.
31.
Rate
834-9-914■-
9%-934
834-9-914*
834-9a
8%-834a-9
8%a-834
814- 8% a
s v A » m
734- 8148-
8%
734-8.-814
734-8b
7%-734a-8
7%a-734_8
7%a-734
714-7% a-
734
Not e.—Beginning Nov. 1971, several banks adopted a floating prime
rate keyed to money market variables, a denotes the predominant prime
rate quoted by commercial banks to large businesses.
Effective Apr. 16, 1973, with the adoption of a two-tier or “dual prime
rate,” this table shows only the “large-business prime rate,” which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Center
All sizes
Feb.
1975
Nov.
1974
Size of loan (in thousands of dollars)
1-9
Feb.
1975
Nov.
1974
10-99
Feb.
1975
Nov.
1974
100-499
Feb.
1975
Nov.
1974
500-999
Feb.
1975
Nov.
1974
1,000 and over
Feb.
1975
Short-term
Nov.
1974
35 centers......................................... 9.94
9.61
11.64 10.94 11.81 10.73 12.04 10.25 11.97 9.93 11.80 9.73 11.44
New York City.......................... 11.35 10.82 12.31 10.60 12.11 10.14 12.05 9.74 11.56 9.50 11.21
7 Other Northeast..................... 10.31
9.87
12.22 12.07 13.03 11.31 12.84 10.64 12.46 10.09 12.34 9.96 11.91
8 North Central......................... 11.66 10.55 11.54 10.49 11.99 10.09 11.93 9.85 11.77 9.74 11.53
7 Southeast.................................. 10.24 11.52 10.59 11.44 10.52 11.34 10.21 11.43 10.22 11.62 10.12 11.62
8 Southwest................................ 10.01 11.56 10.36 10.87 10.47 11.64 10.11 11.77 9.83 11.74 9.84 11.36
4 West Coast............................... 9.99 11.48 11.23 12.26 10.75 11.99 10.22 11.86 10.05 11.56 9.84 11.32
Revolving credit
35 centers......................................... 9.20 11.60 11.03 12.71 10.56 12.00 10.14 11.99 10.18 11.60 8.98 11.56
New York City.......................... 7.84 11.60 10.98 12.25 10.59 11.97 9.98 11.89 9.87 11.77 7.61 11.57
7 Other Northeast..................... 10.83 12.26 12.05 12.08 10.60 11.98 9.97 11.68 10.98 11.75 10.90 12.50
8 North Central......................... 10.32 11.82 11.77 13.34 11.14 12.29 10.97 12.57 10.24 11.79 10.22 11.72
7 Southeast.................................. 9.77
10.54
11.53 10.61 10.41 11.41 10.35 13.09 9.00 10.98 9.76 11.25
8 Southwest............................... 12.06 11.61 ‘ 1*3:03’ 11.18 12.33 10.57 12.28 10.75 11.82 10.37 12.06
4 West Coast.............................. 9.52 11.39 10.67 12.70 10.13 11.89 9.77 11.68 10.17 11.57 9.40 11.33
Long-term
35 centers......................................... 10.26 12.16 10.54 11.74 10.55 12.04 10.57 12.09 10.16 11.71 10.21 12.23
New York City.......................... 9.62 11.96 9.27 8.87 10.82 11.45 10.46 12.37 9.78 12.02 9.53 11.93
7 Other Northeast..................... 10.48 12.35 10.99 12.66 10.77 12.52 10.51 11.98 10.20 11.55 10.49 12.61
8 North Central......................... 11.33 12.29 10.32 10.90 10.25 11.89 10.17 11.90 9.45 11.75 11.81 12.44
7 Southeast.................................. 10.42 13.81 9.67 11.21 10.47 11.45 11.11 12.14 11.95 12.02 9.16 17.29
8 Southwest.................... ............ 9.87 12.27 11.99 12.39 10.12 12.18 10.46 12.28 10.09 12.68 9.60 12.49
4 West Coast.............................. 10.07 12.01 8.36 12.75 10.77 11.99 11.28 12.04 10.94 11.60 9.78 12.06
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
May 1975
A 26 I NTEREST RATES o JUNE 1975
PRI ME RATE CHARGED BY BANKS
(Per cent per annum)
Eflfectivedate
1974—Apr. 11,
15
19,
Apr. 23.
24.
25.
26.
30.
May 2.
3.
6.
7.
10,
13.
17,
20
Rate
934—98/io_
10b
IOb-IOVio-
1014
10—10l/io—
10V4.
101.4■-1O4/10
1014 b-
ICX/10-
10*4
ioy4-io*ho-
101,4.
104/10-
10*4b-
1034-11
l ovi --
10«/io-
1034-11
10%-10«/io-
103^b-11
106/io-1034b
-11
10«/io-1034-
11b
11b
11-11*4«
111.4B-ll 4/10
11%-11-Vio
- 1 1 * 4 -
11%B-11%
Effective date
1974—J une 3.
7.
10.
21.
24.
25.
26.
28.
J uly 3,
5,
9,
23,
Aug. 20,
Sept. 26,
Oct. 7,
15,
21,
Rate
1l i / i b-11 e/x0-
11%
1l i ^ - l 1% b-
ll«/io
11*4-1 .. WAm
H^b-113^
n*4*-n%-
118/10
u u - u y 4m-
118/10
1134b-118/10
1134B- 11®/l0”
12
118/ io- 1 2 b
12b-12*4
103^-1 2b—
121/4
10^4-12b
IO34- H 14-
1134-12B
1034-11*4-
1134B-12
1034- 11*4-
11*4-
1134p
1034- 1114-
11*4"
1134
Effective date
1974—Oct. 28.
Nov. 4.
11.
14.
18.
19.
25.
Dec. 2.
1975—J an. 9,
13,
15
20
28
29
Rate
1034-11-
11*4«-
11*4
1034-1 1b-
11*4
10*4-1034-
11b
10*4-1034.
11
10-10*4-
1034-
10- 10*4-
10*4-
1034-
10- 10*4-
10*4-
934- 10- 10*4
-10*4-
9*4-10-
101/4B-
10*4
9*4-934-10-
I0i4«
9*4-934-
1Ob-1 0*4
9*4-934 B-10
9*4«-934-10
914b-934
Effective date
1975- -Feb. 3.
4.
10.
18.
24.
Mar. 3.
5.
6.
10.
17.
18,
24,
25,
31,
May 20,
26,
Rate
8 3 4 - 9 - 9 * 4 « -
9*4-934
8 % - 9 - 9 *4"
834-9b
8*4-334 . - 9
8*4 *-834
8 *4-8*4 ■
8*4-8*4
734-8 i/4b-
8*4
734- 8.-814
734- 8 b
7 * 4 - 7 3 4 . - 8
7*4 . - 7 3 4 - 8
7*4--734
7 * 4 - 7 * 4 . -
734
7*4b -7 * 4
7 - 7 * 4 b - 7*4
N o t e . —Beginning N o v . 1971, several banks adopted a floating prime
rate keyed to money market variables, b denotes the predominant prime
rate quoted by commercial banks to large businesses.
Effective Apr. 16, 1973, with the adoption of a two-tier or “dual prime
rate,” this table shows only the “large-business prime rate,” which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Center
All sizes 1--9 10-99 100-499 500-999 1,000 and over
Feb. Nov. Feb. Nov. Feb. Nov. Feb. Nov. Feb. Nov. Feb. Nov.
1975 1974 1975 1974 1975 1974 1975 1974 1975 1974 1975 1974
Sizeof loan (in thousands of dollars)
Short-term
35centers..................................... 9.94 11.64 10.94 11.81 10.73 12.04 10.25 11.97 9.93 11.80 9.73 11.44
New York City........................ 9.61 11.35 10.82 12.31 10.60 12.11 10.14 12.05 9.74 11.56 9.50 11.21
7 Other Northeast................... 10.31 12.22 12.07 13.03 11.31 12.84 10.64 12.46 10.09 12.34 9.96 11.91
8North Central....................... 9.87 11.66 10.55 11.54 10.49 11.99 10.09 11.93 9.85 11.77 9.74 11.53
7 Southeast............................... 10.24 11.52 10.59 11.44 10.52 11.34 10.21 11.43 10.22 11.62 10.12 11.62
8Southwest.............................. 10.01 11.56 10.36 10.87 10.47 11.64 10.11 11.77 9.83 11.74 9.84 11.36
4 West Coast............................ 9.99 11.48 11.23 12.26 10.75 11.99 10.22 11.86 10.05 11.56 9.84 11.32
Revolving credit
35centers..................................... 9.20 11.60 11.03 12.71 10.56 12.00 10.14 11.99 10.18 11.60 8.98 11.56
New York City........................ 7.84 11.60 10.98 12.25 10.59 11.97 9.98 11.89 9.87 11.77 7.61 11.57
7 Other Northeast................... 10.83 12.26 12.05 12.08 10.60 11.98 9.97 11.68 10.98 11.75 10.90 12.50
8North Central....................... 10.32 11.82 11.77 13.34 11.14 12.29 10.97 12.57 10.24 11.79 10.22 11.72
7 Southeast............................... 9.77 11.53 10.61 10.41 11.41 10.35 13.09 9.00 10.98 9.76 11.25
8Southwest.............................. 10.54 12.06 11.61 13.03 11.18 12.33 10.57 12.28 10.75 11.82 10.37 12.06
4 West Coast............................ 9.52 11.39 10.67 12.70 10.13 11.89 9.77 11.68 10.17 11.57 9.40 11.33
Long-term
35centers..................................... 10.26 12.16 10.54 11.74 10.55 12.04 10.57 12.09 10.16 11.71 10.21 12.23
New York City........................ 9.62 11.96 9.27 8.87 10.82 11.45 10.46 12.37 9.78 12.02 9.53 11.93
7Other Northeast................... 10.48 12.35 10.99 12.66 10.77 12.52 10.51 11.98 10.20 11.55 10.49 12.61
8North Central....................... 11.33 12.29 10.32 10.90 10.25 11.89 10.17 11.90 9.45 11.75 11.81 12.44
7Southeast............................... 10.42 13.81 9.67 11.21 10.47 11.45 11.11 12.14 11.95 12.02 9.16 17.29
8Southwest.............................. 9.87 12.27 11.99 12.39 10.12 12.18 10.46 12.28 10.09 12.68 9.60 12.49
4 West Coast............................ 10.07 12.01 8.36 12.75 10.77 11.99 11.28 12.04 10.94 11.60 9.78 12.06
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
June 1975
A 26 INTEREST RATES   JULY 1975
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date
1974—Apr. 11.
15,
19.
Apr. 23.
24.
25.
26.
30.
May 2.
3.
6.
7.
10,
13.
17.
20
934- 98/10-
10a
IOb-IOVio-
IOI/4
10-IO1/10-
10y4m
10^B-10VlO
m/ 4rn-
104/io—
101/2
IO^-IOVio-
101/2-
IOV10-
10%--
1034-11
10%--
106/10-
103^-11
10Vi-10«/i»-
1034 « - l l
106/lfr-1034"
-11
10«/io-1034-
11b
111
11-1 114 b
1114b-U4/io
1114-11-4/io
-lUAm
11^.-1134
Effective date
1974—June 3.
7.
10.
21.
24.
25.
26.
28.
July 3,
5,
9
23
Aug. 20
Sept. 26,
Oct. 7.
15,
21,
Rate
lli^B-lie/io-
l l 3^
111/4-1 m ■ -
116/10
HI/2-
111/4-1 l^B
lll/2B-1134
111/4b-1134 -
118/10
111/2-1134 ■ -
118/l0
1134i-118/10
1134B-118/10.
12
118/10-12>
12.-1214
1034-12«-
121/4
1034-12B
103/4-l 11/2—
1134-12B
1034-11 Vi-
1134 B-12
103/4- 1114-
111/ 2-
1134.
1034- 1114-
111/ 2"
1134
Effective date
1974—Oct. 28,
Nov. 4
11
14
18
19
25,
Dec. 2
1975—Jan. 9
13
15
20
28
29
Rate
1034-11-
H1/4--
IH/2
1034-1 1--
II1/4
10^—1034—
11b
101^-1034 ■
11
IO-IOI/2-
103/4-
10-1014-
l 01/2-
103/4-
10-1014-
101/2-
934-10-1014
-IOI/2-
91/2-10-
1014 ——
101/2
91/2- 934- 10-
101/4-
91/2- 93/4-
i o - - i o i 4
91/2-9 34--10
91/2- - 934-10
91/2--934
Effective date
1975- -Feb. 3,
4,
10,
18,
24,
Mar. 3,
5,
6,
10
17,
18,
24,
25,
31,
May 20,
26,
June 9,
Rate
834-9-914 -
91/2-934
834-9-914"
834-9f
81/2-834--9
81/2--834
814- 81/2-
81/4- 81/2
734- 81/4- -
81/2
734- 8--814
734-8-
7i/2-734--8
71/2- - 734-8
71/2--734
71/4-71/2--
734
714- - 71/2
7-714--714
634-7--714
Not e.—Beginning Nov. 1971, several banks adopted a floating prime
rate keyed to money market variables. - denotes the predominant prime
rate quoted by commercial banks to large businesses.
Effective Apr. 16, 1973, with the adoption of a two-tier or “dual prime
rate,” this table shows only the “large-business prime rate,” which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Center
All sizes
May
1975
Feb.
1975
Size of loan (in thousands of dollars)
1-9
May
1975
Feb.
1975
10-99
May
1975
Feb.
1975
100-499
May
1975
Feb.
1975
500-999
May
1975
Feb.
1975
1,000 and over
May
1975
Short-term
Feb.
1975
35 centers........................................ 8.16 9.94 9.57 10.94 9.10 10.73 8.52 10.25 8.18 9.93 7.90 9.73
New York City.......................... 7.88 9.61 9.27 10.82 9.02 10.60 8.55 10.14 7.86 9.74 7.76 9.50
7 Other Northeast..................... 8.37 10.31 10.00 12.07 9.34 11.31 8.63 10.64 8.51 10.09 7.95 9.96
8 North Central......................... 8.00 9.87 9.11 10.55 8.82 10.49 8.32 10.09 7.91 9.85 7.82 9.74
7 Southeast.................................. 8.70 10.24 9.86 10.59 9.40 10.52 8.97 10.21 8.67 10.22 8.15 10.12
8 Southwest................................ 8.34 10.01 9.35 10.36 8.89 10.47 8.32 10.11 8.24 9.83 8.15 9.84
4 West Coast............................... 8.33 9.99 9.72 11.23 9.23 10.75 8.58 10.22 8.23 10.05 8.18 9.84
Revolving credit
35 centers........................................ 7.95 9.20 9.59 11 .03 8.91 10.56 8.58 10.14 8.23 10.18 7.84 8.98
New York City.......................... 7.92 7.84 9.04 10.98 8.94 10.59 8.37 9.98 8.16 9.87 7.88 7.61
7 Other Northeast..................... 7.92 10.83 10.45 12.05 8.66 10.60 8.21 9.97 7.56 10.98 7.91 10.90
8 North Central......................... 8.20 10.32 9.78 11.77 10.01 11 .14 9.24 10.97 8.12 10.24 8.03 10.22
7 Southeast.................................. 8.41 9.77 9.90 10.61 8.61 10.41 8.68 10.35 7.97 9.00 8.40 9.76
8 Southwest................................. 8.40 10.54 9.44 11.61 8.66 11.18 8.51 10.57 8.47 10.75 8.29 10.37
4 West Coast.............................. 7.84 9.52 8.91 10.67 8.54 10.13 8.44 9.77 8.40 10.17 7.69 9.40
Long-term
35 centers......................................... 8.22 10.26 9.94 10.54 9.36 10.55 8.83 10.57 8.47 10.16 8.05 10.21
New York City.......................... 8.38 9.62 9.92 9.27 9.50 10.82 8.69 10.46 9.02 9.78 8.31 9.53
7 Other Northeast..................... 8.53 10.48 9.99 10.99 9.76 10.77 9.41 10.51 7.96 10.20 8.28 10.49
8 North Central......................... 7.22 11.33 9.06 10.32 8.68 10.25 8.64 10.17 8.09 9.45 6.80 11.81
7 Southeast.................................. 8.91 10.42 10.94 9.67 9.14 10.47 7.93 11.11 9.47 11.95
10.09
9.50 9.16
8 Southwest................................. 8.47 9.87 10.74 11.99 9.86 10.12 8.37 10.46 8.68
8.67
8.28 9.60
4 West Coast.............................. 8.71 10.07 9.15 8.36 9.20 10.77 9.06 11.28 10.94 8.66 9.78
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
July 1975
A 26 I NTEREST RATES o AUGUST 1975
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date
1974—Apr. 11.
15.
19.
Apr. 23.
24.
25.
26.
30.
May 2.
3.
6.
7.
10.
13.
17.
20
934- 98/10-
10«
10b-10Vio-
1014
10-IO1/10-
10y4-
WArn-Who
10V4m-
104/io—
Id/2
1014-lOVio-
101/2b
104/10-
101/2B-
1034—11
101/2B-
106/io—
1034-11
IOI/2 -IO6/10-
1034B-ll
IO6/10-1034 b
-11
106/1^1034-
11b
I 1B
11-1 1^1
11!4 B-ll 4/l0
1114-11-4/io
—11Vi *
111/2b-1134
Effective date
1974—June 3.
7.
10.
21.
24.
25.
26.
28.
July 3.
5,
9,
23,
Aug. 20,
Sept. 26,
Oct. 7.
15,
21
Rate
I li/2B-ll 6/10_
ny4
111/4-111/2B-
116/10
II I/i 
l l 1/4-111/2B
111/2 B-1134
111/2B-1134-
118/10
111/2- 1134.-
118/10
1134b-118/10
1134m-118/10.
12
118/10—12b
12B-1214
1034-12b-
1214
1034-12B
1034- 111/2-
1134- 12b
1034-1 l ^-
l l 34b-12
103/4-111/4-
in/z-
11%-
IO3/4-I I I /4-
iiVi-
ny4
Effective date Rate
1974—Oct. 28............ 1034-11-
11%--
IH/2
Nov. 4............ 1034-11.-
111/4
10vi-1034-
11.
101/ 2- 1034. -
11
10- 101/ 2-
103/4.
10- 1014-
101/ 2-
103/4.
10- 1014-
101/2-
11............
14............
18.............
19............
25............
Dec. 2............ 934-10-1014
-101/2-
1975—Jan. 9 ............ 91/2-10-
IOI/4 . -
IOI/2
91/2-934-10-
101/4.
91/2-934-
10.-1014
91/ 2-9 34 . -10
91/ 2--9 34-10
91/ 2--934
13............
15............
20............
28............
29............
Effective date
1975—Feb. 3.
4.
10.
18.
24.
Mar. 3.
5.
6.
10.
17.
18.
24.
25.
31.
May 20.
26.
June 9.
July 18.
28.
834-9-914--
91/2-934
834-9-914"
834-9b
8V2-8 34b-9
81/2B-83/4
814-81/2-
81/4-81/2
734- 814- -
81/2
734-8.-814
734-8b
71/2-734.-8
71/2--734-8
71/2--734
714- 71/2. -
734
714--7 i/i
7-714--7 Vi
ey4-im -iy4
7-714-- 7 Vi
714-71/2-
N o t e.—Beginning Nov. 1971, several banks adopted a floating prime
rate keyed to money market variables. . denotes the predominant prime
rate quoted by a majority of large “money market” banks to large busi 
nesses.
Effective Apr. 16, 1973, with the adoption of a two-tier or “dual prime
rate,” this table shows only the “large-business prime rate,” which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Center
All sizes
May
1975
Feb.
1975
Size of loan (in thousands of dollars)
1-9
May
1975
Feb.
1975
10-99
May
1975
Feb.
1975
100-499
May
1975
Feb.
1975
500-999 1,000 and over
Short-term
Long-term
35 centers..................
New York C ity..,
7 Other Northeast
8 North Central..
7 Southeast...........
8 Southwest..........
4 West Coast. . . .
8.22
8.38
8.53
7.22
8.91
8.47
8.71
35 centers......................................... 8.16 9.94 9.57 10.94 9.10 10.73 8.52 10.25 8.18 9.93 7.90 9.73
New York City.......................... 7.88 9.61 9.27 10.82 9.02 10.60 8.55 10.14 7.86 9.74 7.76 9.50
7 Other Northeast..................... 8.37 10.31 10.00 12.07 9.34 11 .31 8.63 10.64 8.51 10.09 7.95 9.96
8 North Central......................... 8.00 9.87 9.11 10.55 8.82 10.49 8.32 10.09 7.91 9.85 7.82 9.74
7 Southeast.................................. 8.70 10.24 9.86 10.59 9.40 10.52 8.97 10.21 8.67 10.22 8.15 10.12
8 Southwest................................. 8.34 10.01
9.99
9.35 10.36 8.89 10.47 8.32 10.11 8.24 9.83 8.15 9.84
4 West Coast............................... 8.33 9.72 11.23 9.23 10.75 8.58 10.22 8.23 10.05 8.18 9.84
Revolving credit
35 centers......................................... 7.95 9.20 9.59 11 .03 8.91 10.56 8.58 10.14 8.23 10.18 7.84 8.98
New York City.......................... 7.92 7.84 9.04 10.98 8.94 10.59 8.37 9.98 8.16 9.87 7.88 7.61
7 Other Northeast..................... 7.92 10.83 10.45 12.05 8.66 10.60 8.21 9.97 7.56 10.98 7.91 10.90
8 North Central......................... 8.20 10.32 9.78 11.77 10.01 11.14 9.24 10.97 8.12 10.24 8.03 10.22
7 Southeast.................................. 8.41 9.77 9.90 10.61 8.61 10.41 8.68 10.35 7.97 9.00 8.40 9.76
8 Southwest................................. 8.40 10.54 9.44 11.61 8.66 11.18 8.51 10.57 8.47 10.75 8.29 10.37
4 West Coast.............................. 7.84 9.52 8.91 10.67 8.54 10.13 8.44 9.77 8.40 10.17 7.69 9.40
10.26 9.94 10.54 9.36 10.55 8.83 10.57 8.47 10.16 8.05 10.21
9.62 9.92 9.27 9.50 10.82 8.69 10.46 9.02 9.78 8.31 9.53
10.48 9.99 10.99 9.76 10.77 9.41 10.51 7.96 10.20 8.28 10.49
11 .33 9.06 10.32 8.68 10.25 8.64 10.17 8.09 9.45 6.80 11.81
10.42 10.94 9.67 9.14 10.47 7.93 11.11 9.47 11 .95 9.50 9.16
9.87 10.74 11 .99 9.86 10.12 8.37 10.46 8.68 10.09 8.28 9.60
10.07 9.15 8.36 9.20 10.77 9.06 11.28 8.67 10.94 8.66 9.78
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
August 1975
A 26 INTEREST RATES □SEPTEMBER 1975
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date
1974—Apr. 11.
15.
19.
Apr. 23.
24.
25.
26.
30.
May 2.
3.
6.
7.
10.
13.
17.
20,
Rate
9%—9«/io-
10b
lOm-Who-
10%
lO-lOi/io-
10%b
10%b-10Vio
10%b-
lCM/io-
10%
10%-10</io-
10V4-
104/10-
10%b-
1034-11
10%b-
106/10-
10%-11
10%-10«/u>-
1034 B-ll
106/10-10 34■
-11
106/io-10%-
11a
11b
11-1 1V^B
ll%B-HVlO
11%-11-Vio
-11%B
HViB-11%
Effective date
1974—J une 3.
7.
10.
21.
24.
25.
26.
28.
J uly 3.
5,
9,
23,
Aug. 20,
Sept. 26,
Oct. 7.
15,
21,
Rate
lll^B-118/lfr-
11%
11%-11%b-
ll«/io
!!%■
11%-11%B
11%B-11%
n^B - i m.
118/10
11%-11%B-
, l l 8/io
ll%B-ll«/l0
11%b-118/io-
12
118/10—12b
12b-12%
103/4-12b-
12%
10%-12b
1034-111,4-
11%—12b
1034-111/2-
1134.-12
103/4-11%-
11%-
1034-11%-
!!%■
11%
Effective date
1974—Oct. 28.
Nov. 4,
11
14
18,
19,
25,
Dec. 2,
1975—J an. 9
13,
15
20
28
29
Rate
1034-11-
11%«-
11%
1034-1 1b-
11%
10%-1034-
11b
10%-1034b
11
10- 10%-
10% B
10-10%-
10%-
10% B
10-10%-
10%B
934- 10- 10%
—10%B
91/ 2- 10-
10% B—
10%
91/ 2- 934- 10-
10% B
9%-9%-
1Ob-I O%
9%-9%b-10
9%b-9%-10
9%b-9%
1975—Feb.
Mar.
J une
date Rate
3............ 8%-9-9%b-
9%-934
4............. 8%-9-9%b
10............ 8%_9b
18............ 8%-8%b-9
24............ 8%b-8%
3............ 8%-8%b
5............ 8%-8%
6............ 7 34-8% B-
8%
10............ 7%-8b-8%
17............ 734-8b
18............ 7%-7%b-8
24............ 7%b-7%-8
25............ 7%b-7%
31............ 7%-7% B-
7%
20............ 7%b-71/2
26............ 7-7% b-7%
9............ 6%-7b-7%
18............ 7-7% b-7%
28............ 7%-7%b
8............ 7%-7%b-
12............
m - m -
7%b
N o t e.—Beginning Nov. 1971, several banks adopted a floating prime
rate keyed to money market variables, b denotes the predominant prime
rate quoted by a majerity of large “money market” banks to large busi­
nesses.
Effective Apr. 16, 1973, with the adoption of a two-tier or “dual prime
rate,” this table shows only the “large-business prime rate,” which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
RA TES ON BUSI NESS L OANS OF BA NK S
Center
All sizes
Size of loan (in thousands of dollars)
1-9 10-99 100-499 500-999 1,000 and over
May
1975
Feb.
1975
May
1975
Feb.
1975
May
1975
Feb.
1975
May
1975
Feb.
1975
May
1975
Feb.
1975
May
1975
Feb.
1975
Short-term
35 centers.........................................
New Y ork City..........................
7 Other Northeast.....................
8 North Central.........................
7 Southeast..................................
8 Southwest.................................
4 West Coast...............................
8.16
7.88
8.37
8.00
8.70
8.34
8.33
9.94
9.61
10.31
9.87
10.24
10.01
9.99
9.57
9.27
10.00
9.11
9.86
9.35
9.72
10.94
10.82
12.07
10.55
10.59
10.36
11.23
9.10
9.02
9.34
8.82
9.40
8.89
9.23
10.73
10.60
11.31
10.49
10.52
10.47
10.75
8.52
8.55
8.63
8.32
8.97
8.32
8.58
10.25
10.14
10.64
10.09
10.21
10.11
10.22
8.18
7.86
8.51
7.91
8.67
8.24
8.23
9.93
9.74
10.09
9.85
10.22
9.83
10.05
7.90
7.76
7.95
7.82
8.15
8.15
8.18
9.73
9.50
9.96
9.74
10.12
9.84
9.84
Revolving credit
35 centers.........................................
New Y ork City..........................
7 Other Northeast.....................
8 North Central.........................
7 Southeast..................................
8 Southwest.................................
4 West Coast..............................
7.95
7.92
7.92
8.20
8.41
8.40
7.84
9.20
7.84
10.83
10.32
9.77
10.54
9.52
9.59
9.04
10.45
9.78
9.90
9.44
8.91
11.03
10.98
12.05
11.77
10.61
11.61
10.67
8.91
8.94
8.66
10.01
8.61
8.66
8.54
10.56
10.59
10.60
11.14
10.41
11.18
10.13
8.58
8.37
8.21
9.24
8.68
8.51
8.44
10.14
9.98
9.97
10.97
10.35
10.57
9.77
8.23
8.16
7.56
8.12
7.97
8.47
8.40
10.18
9.87
10.98
10.24
9.00
10.75
10.17
7.84
7.88
7.91
8.03
8.40
8.29
7.69
8.98
7.61
10.90
10.22
9.76
10.37
9.40
Long-term
35 centers.........................................
New Y ork City..........................
7 Other Northeast.....................
8 North Central.........................
7 Southeast..................................
8 Southwest.................................
4 West Coast..............................
8.22
8.38
8.53
7.22
8.91
8.47
8.71
10.26
9.62
10.48
11.33
10.42
9.87
10.07
9.94
9.92
9.99
9.06
10.94
10.74
9.15
10.54
9.27
10.99
10.32
9.67
11.99
8.36
9.36
9.50
9.76
8.68
9.14
9.86
9.20
10.55
10.82
10.77
10.25
10.47
10.12
10.77
8.83
8.69
9.41
8.64
7.93
8.37
9.06
10.57
10.46
10.51
10.17
11.11
10.46
11.28
8.47
9.02
7.96
8.09
9.47
8.68
8.67
10.16
9.78
10.20
9.45
11.95
10.09
10.94
8.05
8.31
8.28
6.80
9.50
8.28
8.66
10.21
9.53
10.49
11.81
9.16
9.60
9.78
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
September 1975
A 26 INTEREST RATES • OCTOBER 1975
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date Rate Effective date Rate Effective date Rate Monthly average rate
1974—Apr. 11
19
25
May 2
6
10
17
J une 26
J uly 5
Oct. 7
21
28
Nov. 4
14
25
10
,03/.
11V4
111/2
113/4
12
11
11
1034
101/2
1975—J an. 9.
15.
20.
28.
Feb. 3.
10.
18.
24.
Mar. 5.
10.
18.
24.
May 20,
J une 9
9Vi
91/4
9
8%
81/4
8
73/4
m
7
1975—J uly 18
28
Aug. 12
Sept. 15
IV4
m
73/4
1974—Sept.
Oct.
Nov.
Dec.
1975—J an.
Feb.
Mar.
May
J une
J uly
Aug.
Sept.
12.00
11.68
10.83
10.50
10.05
8.96
7.93
7.50
7.40
7.07
7.15
7.66
7.88
NOTE.—Beginning Nov. 1971, several banks adopted a floating prime
rate keyed to money market variables. Rate shown is the predominant
prime rate quoted by a majority of large "money market" banks to large
businesses.
Effective Apr. 16, 1973, with the adoption of a two-tier or "dual prime
rate," this table shows only the "large-business prime rate," which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Center
All sizes
Size of loan (in thousands of dollars)
Center
All sizes 1-9 10-99 100-499 500-999 1,000 and over
Center
Aug.
1975
May
1975
Aug.
1975
May
1975
Aug.
1975
Aug.
1975
May
1975
Aug.
1975
May
1975
Aug.
1975
May
1975
Short-term
35 centers
New York City
7 Other Northeast
8 North Central
3 Southeast
8 Southwest
4 West Coast
8.22
8.00
8.43
8.12
8.41
8.28
8.45
8.16
7.88
8.37
8.00
8.70
8.34
8.33
9.42
9.28
9.83
9.01
9.58
9.21
9.67
9.57
9.27
10.00
9.11
9.86
9.35
9.72
9.02
8.89
9.33
8.79
9.21
8.76
9.21
9.10
9.02
9.34
8.82
9.40
8.89
9.23
8.48
8.44
8.71
8.39
8.57
8.27
8.51
8.52
8.55
8.63
8.32
8.97
8.32
8.58
8.29
7.93
8.67
8.25
8.32
8.32
8.28
8.18
7.86
8.51
7.91
8.67
8.24
8.23
8.00
7.93
8.01
7.94
7.94
8.06
8.37
7.90
7.76
7.95
7.82
8.15
8.15
8.18
Revolving credit
35 centers
New York City
7 Other Northeast
8 North Central
7 Southeast
8 Southwest
4 West Coast
8.17
8.37
8.09
8.27
7.82
8.41
8.02
7.95
7.92
7.92
8.20
8.41
8.40
7.84
9.73
8.91
10.11
9.70
10.07
9.36
9.27
9.59
9.04
10.45
9.78
9.90
9.44
8.91
9.06
8.94
9.01
9.58
9.47
8.88
8.84
8.91
8.94
8.66
10.01
8.61
8.66
8.54
8.45
8.41
8.01
8.81
8.35
8.46
8.39
8.58
8.37
8.21
9.24
8.68
8.51
8.44
8.68
8.30
8.78
8.56
7.-50
8.11
9.10
8.23
8.16
7.56
8.12
7.97
8.47
8.40
8.07
8.37
7.98
8.12
7.50
8.49
7.83
7.84
7.88
7.91
8.03
8.40
8.29
7.69
Long-term
35 centers
New York City
7 Other Northeast
8 North Central
7 Southeast
8 Southwest
4 West Coast
8.89
8.77
8.96
9.45
8.91
8.41
8.57
8.22
8.38
8.53
7.22
8.91
8.47
8.71
9.45
8,80
9.35
9.71
8.87
9.69
9.60
9.94
9.92
9.99
9.06
10.94
10.74
9.15
9.47
8.53
10.09
9.24
9.66
9.38
9.24
9.36
9.50
9.76
8.68
9.14
9.86
9.20
9.01
8.86
9.56
8.50
9.54
8.67
9.28
8.83
8.69
9.41
8.64
7.93
8.37
9.06
8.54
8.01
9.28
8.23
8.04
8.62
8.47
8.47
9.02
7.96
8.09
9.47
8.68
8.67
8.89
8.80
8.60
9.81
8.30
8.18
8.47
8.05
8.31
8.28
6.80
9.50
8.28
8.66
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
October 1975
A 26 INTEREST RATES • NOVEMBER 1975
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Rate Effective date Rate Monthly average rate
IO1/4 1975—J uly 18 71/4 1974—Sept. 12.00
10 28 IVi Oct. 11.68
9%
Nov. 10.83
91/2
Aug. 12
IVa
Dec. 10.50
9Va Sept. 15 8 1975—J an. 10.05
9 Feb. 8.96
8
3
4 Oct. 27
IVA
Mar. 7.93
sy2
Apr. 7.50
May 7.40
81/4 J une 7.07
8 J uly 7.15
IVa Aug. 7.66
71/2 Sept. 7.88
Oct. 7.96
IVa
1
Effective date Rate Effective date
1974—Apr. 11
19
25
May 2
6
10
17
J une 26
J uly 5
Oct. 7
21
28
Nov. 4
14
25
10 1975—J an. 9
10% 15
IO1/2 20
28. .
103^
11 Feb. 3
uy
4
10
1H/2 18
24
1134
Mar. 5
12 10
18
1134
24
11%
1114 May 20
11 J une 9..
1034
101/2
NOTE.—Beginning Nov. 1971, several banks adopted a floating prime
rate keyed to money market variables. Rate shown is the predominant
prime rate quoted by a majority of large "money market" banks to large
businesses.
Effective Apr. 16, 1973, with the adoption of a two-tier or "dual prime
rate," this table shows only the "large-business prime rate," which is the
range of rates charged by commercial banks on short-termloans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Size of loan (in thousands of dollars)
Center
All sizes 1--9 10-99 100-499 500-999 1,000 and over
Aug.
1975
May
1975
Aug.
1975
May
1975
Aug.
1975
May
1975
Aug.
1975
May
1975
Aug.
1975
May
1975
Aug.
1975
May
1975
Short-term
35 centers 8.22 8.16 9, .42 9.57 9.02 9.10 8.48 8.52 8.29 8.18 8.00 7.90
New York City 8.00 7.88 9, .28 9.27 8.89 9.02 8.44 8.55 7.93 7.86 7.93 7.76
7 Other Northeast 8.43 8.37 9 .83 10.00 9.33 9.34 8.71 8.63 8.67 8.51 8.01 7.95
8 North Central 8.12 8.00 9 .01 9.11 8.79 8.82 8.39 8.32 8.25 7.91 7.94 7.82
3 Southeast 8.41 8.70 9. .58 9.86 9.21 9.40 8.57 8.97 8.32 8.67 7.94 8/15
8 Southwest 8.28 8.34 9. .21 9.35 8.76 8.89 8.27 8.32 8.32 8.24 8.06 8.15
4 West Coast 8.45 8.33 9, .67 9.72 9.21 9.23 8.51 8.58 8.28 8.23 8.37 8.18
Revolving credit
35 centers 8.17 7.95 9.73 9.59 9.06 8.91 8.45 8.58 8.68 8.23 8.07 7 .84
New York City 8.37 7.92 8.91 9.04 8.94 8.94 8.41 8.37 8.30 8.16 8.37 7 .88
7 Other Northeast 8.09 7.92 10.11 10.45 9.01 8.66 8.01 8.21 8.78 7.56 7.98 7 .91
8 North Central 8.27 8.20 9.70 9.78 9.58 10.01 8.81 9.24 8.56 8.12 8.12 8 .03
7 Southeast 7.82 8.41 10.07 9.90 9.47 8.61 8.35 8.68 7.50 7.97 7.50 8 .40
8 Southwest 8.41 8.40 9.36 9.44 8.88 8.66 8.46 8.51 8.11 8.47 8.49 8 .29
4 West Coast 8.02 7.84 9.27 8.91 8.84 8.54 8.39 8.44 9.10 8.40 7.83 7 .69
Long-term
35 centers 8.89 8.22 9.45 9.94 9.47 9.36 9.01 8.83 8.54 8.47 8.89 8.05
New Y ork City 8.77 8.38 8.80 9.92 8.53 9.50 8.86 8.69 8.01 9.02 8.80 8.31
7 Other Northeast 8.96 8.53 9.35 9.99 10.09 9.76 9.56 9.41 9.28 7.96 8.60 8.28
8 North Central 9.45 7.22 9.71 9.06 9.24 8.68 8.50 8.64 8.23 8.09 9.81 6.80
7 Southeast 8.91 8.91 8.87 10.94 9.66 9.14 9.54 7.93 8.04 9.47 8.30 9.50
8 Southwest 8.41 8.47 9.69 10.74 9.38 9.86 8.67 8.37 8.62 8.68 8.18 8.28
4 West Coast 8.57 8.71 9.60 9.15 9.24 9.20 9.28 9.06 8.47 8.67 8.47 8.66
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
November 1975
A 26 I NTEREST RATES • DECEMBER 1975
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date
1974—Apr. 11
19
25
May 2
6
10
17
J une 26
J uly 5
Oct. 7
21
28
Nov. 4
14
25
Rate
10
10%
10%
103/
4
11
11%
lll/
2
11%
12
11%
10%
10%
Effective date
1975—J an. 9
15,
20
28,
Feb. 3,
10,
18,
24,
Mar. 5,
10,
18
24,
May 20
J une 9
Rate
10%
10
9%
9%
9%
9
8%
8%
8%
8
7%
7%
7%
7
Effective date
1975—J uly 18.
28.
Aug. 12.
Sept. 15.
Oct. 27
Nov. 5. .
Dec. 2 ..
Rate Monthl y average rate
7% 1974--Sept. 12.00
7%
Oct. 11.68 7%
Nov. 10.83
7% Dec. 10.50
8 1975-—J an. 10.05
Feb. 8.96
7% Mar. 7.93 7%
Apr. 7.50
7% May 7.40
J une 7.07
7% J uly 7.15
Aug. 7.66
Sept. 7.88
Oct. 7.96
Nov. 7.53
NOTE.—Beginning Nov. 1971, several banks adopted a floating pri me
rate keyed to money market variables. Rate shown is the predominant
prime rate quoted by a majority of large "money market" banks to large
businesses.
Effective Apr. 16, 1973, with the adopti on of a two-tier or "dual pri me
rate," this table shows only the "large-business prime rate," which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Center
All sizes
Aug.
1975
May
1975
Size of loan (in thousands of dollars)
-9 10-99 100-499 500-999 1,000 and over
Aug. May Aug. May Aug. May Aug. May Aug. May
1975 1975 1975 1975 1975 1975 1975 1975 1975 1975
Short-term
35 centers 8.22 8.16 9.42 9.57 9.02 9.10 8.48 8.52 8.29 8.18 8.00 7.90
New Y ork City 8.00 7.88 9.28 9.27 8.89 9.02 8.44 8.55 7.93 7.86 7.93 7.76
7 Other Northeast 8.43 8.37 9.83 10.00 9.33 9.34 8.71 8.63 8.67 8.51 8.01 7.95
8 North Central 8.12 8.00 9.01 9.11 8.79 8.82 8.39 8.32 8.25 7.91 7.94 7.82
3 Southeast 8.41 8.70 9.58 9.86 9.21 9.40 8.57 8.97 8.32 8.67 7.94 8.15
8 Southwest 8.28 8.34 9.21 9.35 8.76 8.89 8.27 8.32 8.32 8.24 8.06 8.15
4 West Coast 8.45 8.33 9.67 9.72 9.21 9.23 8.51 8.58 8.28 8.23 8.37 8.18
Revolving credit
35 centers 8.17 7.95 9.73 9.59 9.06 8.91 8.45 8.58 8.68 8.23 8.07 7.84
New Y ork City 8.37 7.92 8.91 9.04 8.94 8.94 8.41 8.37 8.30 8.16 8.37 7.88
7 Other Northeast 8.09 7.92 10.11 10.45 9.01 8.66 8.01 8.21 8.78 7.56 7.98 7.91
8 North Central 8.27 8.20 9.70 9.78 9.58 10.01 8.81 9.24 8.56 8.12 8.12 8.03
7 Southeast 7.82 8.41 10.07 9.90 9.47 8.61 8.35 8.68 7.50 7,97 7.50 8.40
8 Southwest 8.41 8.40 9.36 9.44 8.88 8.66 8.46 8.51 8.11 8^47 8.49 8.29
4 West Coast 8.02 7.84 9.27 8.91 8.84 8.54 8.39 8.44 9.10 8.40 7.83 7.69
Long-term
35 centers 8.89 8.22 9.45 9.94 9.47 9.36 9.01 8.83 8.54 8.47 8.89 8.05
New Y ork City 8.77 8.38 8.80 9.92 8.53 9.50 8.86 8.69 8.01 9.02 8.80 8.31
7 Other Northeast 8.96 8.53 9.35 9.99 10.09 9.76 9.56 9.41 9.28 7.96 8.60 8.28
8 North Central 9.45 7.22 9.71 9.06 9.24 8.68 8.50 8.64 8.23 8.09 9.81 6.80
7 Southeast 8.91 8.91 8.87 10.94 9.66 9.14 9.54 7.93 8.04 9.47 8.30 9.50
8 Southwest 8.41 8.47 9.69 10.74 9.38 9.86 8.67 8.37 8.62 8.68 8.18 8.28
4 West Coast 8.57 8.71 9.60 9.15 9.24 9.20 9.28 9.06 8.47 8.67 8.47 8.66
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
December 1975
A 26 INTEREST RATES • J ANUARY 1976
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Rate Effective date
101/4 1975—July 18
10 28
93/
4
91/2 Aug. 12
91/4 Sept. 15
9
8V4 Oct. 27
81/2
Nov. 5
81/4
8 Dec. 2
734
71/2
71/4
7
Effective date Effective date Rate Monthly average rate
1974—Apr. 11
19
25
May 2
6
10
17
June 26
July 5
Oct. 7
21
28
Nov. 4
14
25
10
io%
101/2
\oy
4
ii
11%
111/2
113/
4
12
11%
11%
111/4
1034
101/2
1975—Jan. 9
15,
20
28
Feb. 3,
10,
18,
24,
Mar. 5
10
18,
24,
May 20,
June 9
71/4 1974—Sept. 12.00
71/2 Oct. 11.68 71/2
Nov. 10.83
734 Dec. 10.50
8 1975—Jan. 10.05
Feb. 8.96
734 Mar. 7.93 734
Apr. 7.50
7 Vi May 7.40
June 7.07
m
July 7.15
Aug. 7.66
Sept. 7.88
Oct. 7.96
Nov. 7.53
Dec. 7.26
NOTE.—Beginning Nov. 1971, several banks adopted a floating prime
rate keyed to money market variables. Rate shown is the predominant
prime rate quoted by a majority of large "money market" banks to large
businesses.
Effective Apr. 16, 1973, with the adoption of a two-tier or "dual prime
rate," this table shows only the "large-business prime rate," which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Size of loan (in thousands of dollars)
Ail sizes -9 10-99 100-499 500-999 1,000 and over
Center
Aug. May Aug. May Aug. May Aug. May Aug. May Aug. May
1975 1975 1975 1975 1975 1975 1975 1975 1975 1975 1975 1975
Short-term
35 centers 8.22 8.16 9. 42 9.57 9. 02 9. 10 8.48 8.52 8.29 8.18 8.00 7. 90
New York City 8.00 7.88 9.28 9.27 8.89 9. 02 8.44 8.55 7. 93 7.86 7.93 7.76
7 Other Northeast 8.43 8.37 9.83 10.00 9.33 9. 34 8.71 8.63 8.67 8.51 8.01 7.95
8 North Central 8.12 8.00 9.01 9.11 8.79 8.82 8.39 8.32 8.25 7.91 7. 94 7. 82
3 Southeast 8.41 8.70 9. 58 9.86 9.21 9. 40 8.57 8.97 8.32 8.67 7. 94 8.15
8 Southwest 8.28 8.34 9.21 9.35 8.76 8.89 8.27 8.32 8.32 8.24 8.06 8.15
4 West Coast 8.45 8.33 9.67 9.72 9.21 9.23 8.51 8.58 8.28 8.23 8.37 8.18
Revolving credit
35 centers 8.17 7.95 9.73 9. 59 9.06 8.91 8.45 8.58 8.68 8.23 8.07 7. 84
New York City 8.37 7. 92 8.91 9. 04 8.94 8.94 8.41 8.37 8.30 8.16 8.37 7.88
7 Other Northeast 8.09 7. 92 10.11 10.45 9.01 8.66 8.01 8.21 8.78 7.56 7.98 7.91
8 North Central 8.27 8.20 9. 70 9.78 9.58 10.01 8.81 9. 24 8.56 8.12 8.12 8.03
7 Southeast 7. 82 8.41 10.07 9. 90 9.47 8.61 8.35 8.68 7. 50 7.97 7. 50 8.40
8 Southwest 8.41 8.40 9.36 9. 44 8.88 8.66 8.46 8.51 8.11 8.47 8.49 8.29
4 West Coast 8.02 7. 84 9.27 8.91 8.84 8. 54 8.39 8.44 9. 10 8.40 7.83 7. 69
Long-term
35 centers 8.89 8.22 9.45 9. 94 9.47 9.36 9.01 8.83 8. 54 8.47 8.89 8.05
New York City 8.77 8.38 8.80 9. 92 8.53 9. 50 8.86 8.69 8.01 9.02 8.80 8.31
7 Other Northeast 8.96 8.53 9.35 9.99 10.09 9.76 9. 56 9.41 9.28 7.96 8.60 8.28
8 North Central 9.45 7.22 9.71 9.06 9. 24 8.68 8. 50 8.64 8.23 8.09 9.81 6. 80
7 Southeast 8.91 8.91 8.87 10.94 9.66 9. 14 9. 54 7.93 8.04 9.47 8.30 9. 50
8 Southwest 8.41 8.47 9.69 10.74 9.38 9.86 8.67 8.37 8.62 8.68 8.18 8.28
4 West Coast 8.57 8.71 9. 60 9.15 9. 24 9. 20 9.28 9.06 8.47 8.67 8.47 8.66
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
January 1976
A 26 F . R . B AN K I N TER EST R ATES • F EB R UAR Y 1976
PR I ME R ATE CHAR GED B Y B AN K S
(Per cent per annum)
Effective date Rate Effective date Rate Effective date Rate Monthly average rate
1974—Apr. 11
19
25
May 2
6
10
17
J une 26
J uly 5
Oct. 7
21
28
Nov. 4
14
25
10
10 Va
IO1/2
ioy
4
11
11 VA
m/
2
113/4
12
11%
11%
11%
11
1 0 %
1 0 %
1975—J an. 9,
15,
20,
28,
Feb. 3,
10,
18,
24,
Mar. 5,
10,
1 8 ,
24,
May 20
J une 9
101/4 1975—J uly 18, ,
10 28, ,
9%
m
Aug. 12
9VA Sept. 15
9
m
Oct. 27
81/2
Nov. 5
81/4
8 Dec. 2
7 %
71/2 1976—J an. 12
21
71/4
7
71/4 1974--Oct. 11.68
71/2 Nov. 10.83
Dec. 10.50
7%
1975-—J an. 10.05
8 Feb. 8.96
Mar. 7.93
73/4 Apr. 7.50
May 7.40
7%
J une 7.07
7%
J uly 7.15
m
Aug. 7.66
Sept. 7.88
1 Oct. 7.96
6% Nov. 7.53 6%
Dec. 7.26
1976-—J an. 7.00
NOTE.—Beginning Nov. 1971, several banks adopted a floating pri me
rate keyed to money market variables. Rate shown is the predominant
prime rate quoted by a majority of large "money market" banks to large
businesses.
Effective Apr. 16, 1973, with the adoption of a two-tier or "dual pri me
rate," this table shows only the "large-business prime rate," which is the
range of rates charged by commercial banks on short-term loans to large
businesses with the highest credit standing.
R ATES ON B USI N ESS LOAN S OF B AN K S
Size of loan (in thousands of dollars)
Center
All sizes -9 10-99 100-499 500-999
Nov.
1975
Aug.
1975
Nov.
1975
Aug.
1975
Nov.
1975
Aug.
1975
Nov.
1975
Aug.
1975
Nov.
1975
Aug.
1975
1,000 and over
Nov. Aug.
1975 1975
Short-term
35 centers 8.29 8.22 9.56 9.42 9.15 9.02 8.62 8.48 8.38 8.29 8.04 8.00
New Y ork City 7.99 8.00 9.34 9.28 8.98 8.89 8.52 8.44 8.17 7.93 7.87 7.93
7 Other Northeast 8.53 8.43 10.01 9.83 9.36 9.33 8.83 8.71 8.61 8.67 8.15 8.01
8 North Central 8.15 8.12 9.13 9.01 8.97 8.79 8.51 8.39 8.27 8.25 7.91 7.94
7 Southeast 8.70 8.41 9.68 9.58 9.39 9.21 8.74 8.57 8.62 8.32 8.36 7.94
8 Southwest 8.37 8.28 9.38 9.21 8.94 8.76 8.44 8.27 8.18 8.32 8.15 8.06
4 West Coast 8.67 8.45 9.73 9.67 9.29 9.21 8.77 8.51 8.76 8.28 8.56 8.37
Revolving credit
35 centers 8.26 8.17 9.93 9.73 9.15 9.06 8. ,59 8.45 8.41 8.68 8.20 8.07
New Y ork City 8.08 8.37 9.01 8.91 8.90 8.94 8. ,54 8.41 8.44 8.30 8.03 8.37
7 Other Northeast 8.63 8.09 10.38 10.11 8.91 9.01 8. ,09 8.01 8.19 8.78 8.72 7.98
8 North Central 8.62 8.27 10.11 9.70 9.57 9.58 9. ,34 8.81 8.65 8.56 8.49 8.12
7 Southeast 9.50 7.82 10.12 10.07 9.53 9.47 8. ,74 8.35 8.30 7.50 10.12 7.50
8 Southwest 8.51 8.41 9.18 9.36 9.15 8.88 8. ,62 8.46 8.49 8.11 8.42 8.49
4 West Coast 8.15 8.02 9.71 9.27 8.99 8.84 8. ,34 8.39 8.32 9.10 8.09 7.83
Long-term
35 centers 8.88 8.89 9.76 9.45 9.18 9.47 9.11 9.01 9.16 8.54 8.79 8.89
New Y ork City 8.44 8.77 7.37 8.80 9.09 8.53 9.13 8.86 9.46 8.01 8.32 8.80
7 Other Northeast 9.10 8.96 9.84 9.35 9.39 10.09 9.02 9.56 8.02 9.28 9.33 8.60
8 North Central 9.03 9.45 9.71 9.71 8.55 9.24 8.94 8.50 9.90 8.23 8.97 9.81
7 Southeast 8.87 8.91 7.82 8.87 8.84 9.66 9.06 9.54 9.36 8.04 8.54 8.30
8 Southwest 8.88 8.41 11.60 9.69 9.44 9.38 9.39 8.67 8.97 8.62 8.65 8.18
4 West Coast 9.27 8.57 9.90 9.60 9.90 9.24 9.32 9.28 9.49 8.47 9.21 8.47
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
February 1976
A26 INTEREST RATES □ MARCH 1976
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date Rate Effective date Rate Effective date Rate Monthly average rate
1974—Apr. 11
19
25
May 2
6
10
17
June 26
July 5
Oct. 7
21
28
Nov. 4
14
25
10
10 y4
101/2
io%
11
ii
i n/2
n y 4
n
u y 4
m/2
in/4
11
103/4
101/2
1975—Jan. 9
15
20
28
Feb. 3
10,
18
24,
Mar. 5,
10
18,
24,
May 20,
June 9,
101/4 1975—July 18,,
10 28, ,
9y4
91/2 Aug. 12.,
91/4 Sept. 15.,
9
sy4 Oct. 27
81/2
Nov. 5. .
81/4
8 Dec. 2
73/4
m 1976—Jan. 12
21..
71/4
71/4 1974—Oct. 11.68
71/2 Nov. 10.83
Dec. 10.50
73^
1975—Jan. 10.05
8 Feb. 8.96
Mar. 7.93
m
Apr. 7.50
May 7.40
m
June 7.07
July 7.15
m
Aug. 7.66
Sept. 7.88
1 Oct. 7.96
ey4 Nov. 7.53
Dec. 7.26
1976—Jan. 7.00
Feb. 6.75
N ote.— Effective Apr. 16, 1973, with the adoption of a two-tier or
“dual prime rate,” this table shows only the “large-business prime rate,”
which is the range of rates charged by commercial banks on short-term
loans to large businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Size of loan (in thousands of dollars)
All sizes 1--9 10-99 100-499 500-999 1,000 and over
Center
Nov. Aug. Nov. Aug. Nov. Aug. Nov. Aug. Nov. Aug. Nov. Aug.
1975 1975 1975 1975 1975 1975 1975 1975 1975 1975 1975 1975
Short-term
35 centers......................................... 8.29 8.22 9.56 9.42 9.15 9.02 8.62 8.48 8.38 8.29 8.04 8.00
New York City.......................... 7.99 8.00 9.34 9.28 8.98 8.89 8.52 8.44 8.17 7.93 7.87 7.93
7 Other Northeast..................... 8.53 8.43 10.01 9.83 9.36 9.33 8.83 8.71 8.61 8.67 8.15 8.01
8 North Central.......................... 8.15 8.12 9.13 9.01 8.97 8.79 8.51 8.39 8.27 8.25 7.91 7.94
7 Southeast.................................. 8.70 8.41 9.68 9.58 9.39 9.21 8.74 8.57 8.62 8.32 8.36 7.94
8 Southwest................................. 8.37 8.28 9.38 9.21 8.94 8.76 8.44 8.27 8.18 8.32 8.15 8.06
4 West Coast.............................. 8.67 8.45 9.73 9.67 9.29 9.21 8.77 8.51 8.76 8.28 8.56 8.37
Revolving credit
35 centers......................................... 8.26 8.17 9.93 9.73 9.15 9.06 8.59 8.45 8.41 8.68 8.20 8.07
New York City.......................... 8.08 8.37 9.01 8.91 8.90 8.94 8.54 8.41 8.44 8.30 8.03 8.37
7 Other Northeast..................... 8.63 8.09 10.38 10.11 8.91 9.01 8.09 8.01 8.19 8.78 8.72 7.98
8 North Central......................... 8.62 8.27 10.11 9.70 9.57 9.58 9.34 8.81 8.65 8.56 8.49 8.12
7 Southeast.................................. 9.50 7.82 10.12 10.07 9.53 9.47 8.74 8.35 8.30 7.50 10.12 7.50
8 Southwest................................. 8.51 8.41 9.18 9.36 9.15 8.88 8.62 8.46 8.49 8.11 8.42 8.49
4 West Coast.............................. 8.15 8.02 9.71 9.27 8.99 8.84 8.34 8.39 8.32 9.10 8.09 7.83
Long-term
8.88 8.89 9.76 9.45 9.18 9.47 9.11 9.01 9.16 8.54 8.79 8.89
New York City.......................... 8.44 8.77 7.37 8.80 9.09 8.53 9.13 8.86 9.46 8.01 8.32 8.80
7 Other Northeast..................... 9.10 8.96 9.84 9.35 9.39 10.09 9.02 9.56 8.02 9.28 9.33 8.60
8 North Central......................... 9.03 9.45 9.71 9.71 8.55 9.24 8.94 8.50 9.90 8.23 8.97 9.81
7 Southeast.................................. 8.87 8.91 7.82 8.87 8.84 9.66 9.06 9.54 9.36 8.04 8.54 8.30
8 Southwest................................ 8.88 8.41 11.60 9.69 9.44 9.38 9.39 8.67 8.97 8.62 8.65 8.18
4 West Coast.............................. 9.27 8.57 9.90 9.60 9.90 9.24 9.32 9.28 9.49 8.47 9.21 8.47
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
March 1976
PRIME RATE CHARGED BY BANKS
A26 INTEREST RATES a APRIL 1976
(Per cent per annum)
Effective date Effective date Rate Effective date Rate Monthly average rate
1974—Apr. 11
19
25
May 2
6
10
17
J une 26
J uly 5
Oct. 7
21
28
Nov. 4
14
25
10
10%
101/2
103^
11
11%
11%
11%
12
11%
11%
111/4
11
10%
101/2
1975—J an. 9,
15,
20,
28,
Feb. 3,
10.
18.
24.
Mar. 5,
10,
18,
24,
May 20,
J une 9
101/4 1975—J uly 18
10 28
9Y4
91/2 Aug. 12.
91/4 Sept. 15
9
8% Oct. 27
81/2
Nov. 5,
81/4
8 Dec. 2
7%
71/2 1976—J an. 12
21
71/4
7% 1974—Oct. 11.68
m
Nov. 10.83
Dec. 10.50
7%
1975—J an. 10.05
8 Feb. 8.96
Mar. 7.93
m
Apr. 7.50
May 7.40
m
J une 7.07
J uly 7.15
m
Aug. 7.66
Sept. 7.88
7 Oct. 7.96
ey4 Nov. 7.53
Dec. 7.26
1976—J an. 7.00
Feb. 6.75
Mar. 6.75
Not e.—Effective Apr. 16, 1973, with the adoption of a two-tier or
“dual prime rate,” this table shows only the “large-business prime rate,”
which is the range of rates charged by commercial banks on short-term
loans to large businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Size of loan (in thousands of dollars)
All sizes 1--9 10-99 100-499 500-999 1,000 and over
Center
Nov. Aug. Nov. Aug. Nov. Aug. Nov. Aug. Nov. Aug. Nov. Aug.
1975 1975 1975 1975 1975 1975 1975 1975 1975 1975 1975 1975
Short-term
35 centers......................................... 8.29 8.22 9.56 9.42 9.15 9.02 8.62 8.48 8.38 8.29 8.04 8.00
New Y ork City.......................... 7.99 8.00 9.34 9.28 8.98 8.89 8.52 8.44 8.17 7.93 7.87 7.93
7 Other Northeast..................... 8.53 8.43 10.01 9.83 9.36 9.33 8.83 8.71 8.61 8.67 8.15 8.01
8 North Central......................... 8.15 8.12 9.13 9.01 8.97 8.79 8.51 8.39 8.27 8.25 7.91 7.94
7 Southeast.................................. 8.70 8.41 9.68 9.58 9.39 9.21 8.74 8.57 8.62 8.32 8.36 7.94
8 Southwest................................. 8.37 8.28 9.38 9.21 8.94 8.76 8.44 8.27 8.18 8.32 8.15 8.06
4 West Coast.............................. 8.67 8.45 9.73 9.67 9.29 9.21 8.77 8.51 8.76 8.28 8.56 8.37
Revolving credit
35 centers......................................... 8.26 8.17 9.93 9.73 9.15 9.06 8.59 8.45 8.41 8.68 8.20 8.07
New Y ork City.......................... 8.08 8.37 9.01 8.91 8.90 8.94 8.54 8.41 8.44 8.30 8.03 8.37
7 Other Northeast..................... 8.63 8.09 10.38 10.11 8.91 9.01 8.09 8.01 8.19 8.78 8.72 7.98
8 North Central......................... 8.62 8.27 10.11 9.70 9.57 9.58 9.34 8.81 8.65 8.56 8.49 8.12
7 Southeast.................................. 9.50 7.82 10.12 10.07 9.53 9.47 8.74 8.35 8.30 7.50 10.12 7.50
8 Southwest................................. 8.51 8.41 9.18 9.36 9.15 8.88 8.62 8.46 8.49 8.11 8.42 8.49
4 West Coast.............................. 8.15 8.02 9.71 9.27 8.99 8.84 8.34 8.39 8.32 9.10 8.09 7.83
Long-term
35 centers......................................... 8.88 8.89 9.76 9.45 9.18 9.47 9.11 9.01 9.16 8.54 8.79 8.89
New Y ork City.......................... 8.44 8.77 7.37 8.80 9.09 8.53 9.13 8.86 9.46 8.01 8.32 8.80
7 Other Northeast..................... 9.10 8.96 9.84 9.35 9.39 10.09 9.02 9.56 8.02 9.28 9.33 8.60
8 North Central......................... 9.03 9.45 9.71 9.71 8.55 9.24 8.94 8.50 9.90 8.23 8.97 9.81
7 Southeast............................... .. 8.87 8.91 7.82 8.87 8.84 9.66 9.06 9.54 9.36 8.04 8.54 8.30
8 Southwest.............................. .. 8.88 8.41 11.60 9.69 9.44 9.38 9.39 8.67 8.97 8.62 8.65 8.18
4 West Coast.............................. 9.27 8.57 9.90 9.60 9.90 9.24 9.32 9.28 9.49 8.47 9.21 8.47
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
April 1976
PRIME RATE CHARGED BY BANKS
A26 INTEREST RATES   MAY 1976
(Per cent per annum)
Effective date Rate Effective date Rate Effective date Rate Monthly average rate
1974—Apr. 11
19
25
May 2
6
10
17
June 26
July 5
Oct. 7
21
28
Nov. 4
14
25
10 1975—Jan. 9.
10%
15
101/2
20
28.
10%
11 Feb. 3.,
11 Va
10
11Vi
18
24
11%
Mar. 5,
12 10
18,
11%
24
11 Vi
11%
May 20, ,
11 June 9..
10%
101/2
101/4 1975—July 18 .
10 28
934
91/2 Aug. 12..
9% Sept. 15..
9
834 Oct. 27
81/2
Nov. 5
81/4
8 Dec. 2
734
71/2 1976—Jan. 12, ,
21..
71/4
7
714
1975-—Jan. 10.05
71/2
Feb. 8.96
Mar. 7.93
734 Apr. 7.50
May 7.40
8 June 7.07
July 7.15
734 Aug. 7.66
Sept. 7.88
71/2 Oct. 7.96
Nov. 7.53
IVa
Dec. 7.26
7 1976-—Jan. 7.00
634 Feb. 6.75
Mar. 6.75
April 6.75
N o t e.—Effective Apr. 16, 1973, with the adoption of a two-tier or
“dual prime rate,” this table shows only the “large-business prime rate,”
which is the range of rates charged by commercial banks on short-term
loans to large businesses with the highest credit standing.
RATES ON BUSINESS LOANS OF BANKS
Size of loan (in thousands of dollars)
All sizes 1--9 10-99 100-499 500-999 1,000 and over
Center
Feb. Nov. Feb. Nov. Feb. Nov. Feb. Nov. Feb. Nov. Feb. Nov.
1976 1975 1976 1975 1976 1975 1976 1975 1976 1975 1976 1975
Short-term
35 centers......................................... 7.54 8.29 9.03 9.56 8.44 9.15 7.80 8.62 7.55 8.38 7.33 8.04
New York City.......................... 7.14 7.99 8.64 9.34 8.20 8.98 7.52 8.52 7.40 8.17 7.03 7.87
7 Other Northeast..................... 7.93 8.53 9.46 10.01 8.69 9.36 8.06 8.83 7.77 8.61 7.71 8.15
7.50 8.15 8.51 9.13 8.21 8.97 7.63 8.51 7.50 8.27 7.37 7.91
7 Southeast.................................. 7.86 8.70 9.44 9.68 8.78 9.39 8.16 8.74 7.62 8.62 7.29 8.36
8 Southwest................................. 7.56 8.37 8.76 9.38 8.16 8.94 7.57 8.44 7.44 8.18 7.35 8.15
4 West Coast.............................. 7.77 8.67 9.17 9.73 8.60 9.29 8.06 8.77 7.70 8.76 7.61 8.56
Revolving credit
35 centers......................................... 7.50 8.26 9.50 9.93 8.40 9.15 7.79 8.59 7.74 8.41 7.42 8.20
New York City.......................... 7.51 8.08 8.56 9.01 8.31 8.90 7.68 8.54 7.46 8.44 7.50 8.03
8.06 8.63 10.66 10.38 7.57 8.91 7.47 8.09 7.80 8.19 8.16 8.72
8 North Central......................... 7.64 8.62 9.88 10.11 9.23 9.57 8.34 9.34 7.46 8.65 7.53 8.49
7 Southeast.................................. 7.49 9.50 9.59 10.12 9.02 9.53 8.09 8.74 8.43 8.30 6.75 10.12
8 Southwest................................. 7.73 8.51 8.81 9.18 8.14 9.15 7.89 8.62 8.02 8.49 7.49 8.42
4 West Coast.............................. 7.32 8.15 8.69 9.71 8.15 8.99 7.59 8.34 7.87 8.32 7.20 8.09
Long-term
35 centers......................................... 8.02 8.88 9.44 9.76 8.96 9.18 8.40 9.11 8.26 9.16 7.89 8.79
New York City.......................... 7.68 8.44 7.43 7.37 8.08 9.09 8.01 9.13 7.25 9.46 7.68 8.32
7 Other Northeast..................... 8.16 9.10 9.36 9.84 9.32 9.39 8.38 9.02 8.10 8.02 7.98 9.33
8 North Central......................... 7.96 9.03 9.23 9.71 8.56 8.55 8.35 8.94 7.90 9.90 7.86 8.97
7 Southeast.................................. 8.90 8.87 9.69 7.82 9.69 8.84 9.20 9.06 7.97 9.36 8.57 8.54
8 Southwest................................. 8.14 8.88 10.65 11.60 8.69 9.44 8.10 9.39 8.79 8.97 7.84 8.65
4 West Coast.............................. 8.46 9.27 8.63 9.90 9.33 9.90 8.85 9.32 9.12 9.49 8.28 9.21
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
May 1976
A26 INTEREST RATES □ JUNE 1976
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date Rate Effective date Rate Effective date Rate Monthly average rate
10%
1975-—J uly 18................... 7% 1975—J an. 10.05
10 28................... 7% Feb. 8.96
9V4 Mar. 7.93
9% Aug. 12................... 734 Apr. 7.50
May 7.40
9Va
Sept. 15................... 8 J une 7.07
9 J uly 7.15
834 Oct. 734 Aug. 7.66
8% Sept. 7.88
Nov. 5...................
7%
Oct. 7.96
m Nov. 7.53
8
7 3/
Dec. 2..................
m
Dec. 7.26
' 74
7% 1976-—J an. 7 1976—J an. 7.00
21................... 634 Feb. 6.75
71/4 Mar. 6.75
J une 1................... 7 April 6.75
7 May 6.75
1974—Apr. 11
19
25
May 2
6
10
17
J une 26
J uly 5
Oct. 7
21
28
Nov. 4
14
25
10
101/4
10%
JO*
111/4
11%
1134
12
1134
11%
11%
11
103^
10%
1975—J an. 9
15,
20
28,
Feb. 3,
10,
18,
24,
Mar. 5,
10,
18,
24,
May 20,
J une 9,
RATES ON BUSINESS LOANS OF BANKS
Sizeof loan (in thousands of dollars)
All sizes 1--9 10-99 100-499 500-999 1,000 and over
Center
Feb. Nov. Feb. Nov. Feb. Nov. Feb. Nov. Feb. Nov. Feb. Nov.
1976 1975 1976 1975 1976 1975 1976 1975 1976 1975 1976 1975
Short-term
35 centers..................................... 7.54 8.29 9.03 9.56 8.44 9.15 7.80 8.62 7.55 8.38 7.33 8.04
New York City........................ 7.14 7.99 8.64 9.34 8.20 8.98 7.52 8.52 7.40 8.17 7.03 7.87
7 Other Northeast................... 7.93 8.53 9.46 10.01 8.69 9.36 8.06 8.83 7.77 8.61 7.71 8.15
8 North Central....................... 7.50 8.15 8.51 9.13 8.21 8.97 7.63 8.51 7.50 8.27 7.37 7.91
7 Southeast............................... 7.86 8.70 9.44 9.68 8.78 9.39 8.16 8.74 7.62 8.62 7.29 8.36
8Southwest.............................. 7.56 8.37 8.76 9.38 8.16 8.94 7.57 8.44 7.44 8.18 7.35 8.15
4 West Coast............................ 7.77 8.67 9.17 9.73 8.60 9.29 8.06 8.77 7.70 8.76 7.61 8.56
Revolving credit
35 centers..................................... 7.50 8.26 9.50 9.93 8.40 9.15 7.79 8.59 7.74 8.41 7.42 8.20
New York City........................ 7.51 8.08 8.56 9.01 8.31 8.90 7.68 8.54 7.46 8.44 7.50 8.03
7 Other Northeast................... 8.06 8.63 10.66 10.38 7.57 8.91 7.47 8.09 7.80 8.19 8.16 8.72
8North Central....................... 7.64 8.62 9.88 10.11 9.23 9.57 8.34 9.34 7.46 8.65 7.53 8.49
7 Southeast............................... 7.49 9.50 9.59 10.12 9.02 9.53 8.09 8.74 8.43 8.30 6.75 10.12
8 Southwest.............................. 7.73 8.51 8.81 9.18 8.14 9.15 7.89 8.62 8.02 8.49 7.49 8.42
4 West Coast............................ 7.32 8.15 8.69 9.71 8.15 8.99 7.59 8.34 7.87 8.32 7.20 8.09
Long-term
35 centers..................................... 8.02 8.88 9.44 9.76 8.96 9.18 8.40 9.11 8.26 9.16 7.89 8.79
New York City........................ 7.68 8.44 7.43 7.37 8.08 9.09 8.01 9.13 7.25 9.46 7.68 8.32
7 Other Northeast................... 8.16 9.10 9.36 9.84 9.32 9.39 8.38 9.02 8.10 8.02 7.98 9.33
8North Central....................... 7.96 9.03 9.23 9.71 8.56 8.55 8.35 8.94 7.90 9.90 7.86 8.97
7 Southeast............................... 8.90 8.87 9.69 7.82 9.69 8.84 9.20 9.06 7.97 9.36 8.57 8.54
8Southwest.............................. 8.14 8.88 10.65 11.60 8.69 9.44 8.10 9.39 8.79 8.97 7.84 8.65
4 West Coast............................ 8.46 9.27 8.63 9.90 9.33 9.90 8.85 9.32 9.12 9.49 8.28 9.21
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
June 1976
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
A26 INTEREST RATES □ JULY 1976
Effective date Effective date Rate Effective date Rate Monthly average rate
1974—Apr. 11
19
25
May 2
6
10
17
J une 26
J uly 5
Oct. 7
21
28
Nov. 4
14
25
10
10V4
10%
io%
n
111/4
m/2
1134
12
11%
in/2
111/4
11
103/4
101/2
1975—J an. 9
15
20
28
Feb. 3
10,
18,
24,
Mar. 5,
10,
18,
24,
May 20,
J une 9,
101/4 1975—J uly 18 ,
10 28
93/4
91/2 Aug. 12
91/4 Sept. 15
9
sy4 Oct. 27
8Vi
Nov. 5
81/4
8 Dec. 2
73/4
7%
1976—J an. 12,
71/4
J une
21
1
7 7 ,
71/4 1975-—J an. 10.05
7%
Feb. 8.96
Mar. 7.93
73/4 Apr. 7.50
May 7.40
8 J une 7.07
J uly 7.15
m
Aug. 7.66
Sept. 7.88
71/2 Oct. 7.96
Nov. 7.53
71/4 Dec. 7.26
7 1976-—J an. 7.00
ey4 Feb. 6.75
Mar. 6.75
1 April 6.75
m
May 6.75
J une 7.20
RATES ON BUSINESS LOANS OF BANKS
All sizes
1-9 10-99 100-499 500-999 1,000 and over
May
1976
Feb.
1976
May
1976
Feb.
1976
May
1976
Feb.
1976
May
1976
Feb.
1976
May
1976
Feb.
1976
May
1976
Feb.
1976
35 centers.....................................
1
7.44 7.54 8.91 9.03 8.38 8.44 7.78 7.80 7.52 7.55 7.18 7.33
New York City........................ 6.99 7.14 8.84 8.64 8.29 8.20 7.65 7.52 7.29 7.40 6.83 7.03
7Other Northeast................... 7.79 7.93 9.24 9.46 8.58 8.69 7.99 8.06 7.95 7.77 7.45 7.71
8North Central....................... 7.44 7.50 8.39 8.51 8.21 8.21 7.62 7.63 7.46 7.50 7.29 7.37
7Southeast............................... 7.66 7.86 9.20 9.44 8.65 8.78 7.84 8.16 7.20 7.62 7.25 7.29
8Southwest.............................. 7.51 7.56 8.75 8.76 8.13 8.16 7.71 7.57 7.48 7.44 7.11 7.35
4 West Coast............................ 7.75 7.77 9.14 9.17 8.51 8.60 8.00 8.06 7.71 7.70 7.61 7.61
35centers................
New York City...
7 Other Northeast
8North Central. .
7Southeast..........
8Southwest.........
4 West Coast. . . .
Sizeof loan (in thousands of dollars)
Short-term
Revolving credit
Long-term
7.36 7.50 9.23 9.50 8.12 8.40 7.59 7.79 7.35 7.74 7.32 7.42
7.42 7.51 8.56 7.73 8.31 7.49 7.68 7.29 7.46 7.43 7.50
7.78 8.06 8.92 10.66 7.84 7.57 7.44 7.47 7.58 7.80 7.83 8.16
7.48 7.64 9.19 9.88 8.69 9.23 7.99 8.34 7.74 7.46 7.34 7.53
8.01 7.49 9.85 9.59 8.95 9.02 8.35 8.09 8.15 8.43 7.69 6.75
7.50 7.73 8.93 8.81 8.23 8.14 7.67 7.89 7.23 8.02 7.48 7.49
7.15 7.32 8.61 8.69 7.84 8.15 7.39 7.59 7.14 7.87 7.12 7.20
35centers..................................... 8.02 8.02 9.21 9.44 8.80 8.96 8.16 8.40 8.33 8.26 7.92 7.89
New York City........................ 7.85 7.68 7.68 7.43 8.45 8.08 8.45 8.01 8.51 7.25 7.76 7.68
7Other Northeast................... 7.35 8.16 9.10 9.36 9.19 9.32 8.52 8.38 8.10 8.10 6.64 7.98
8North Central....................... 8.59 7.96 8.38 9.23 8.28 8.56 7.94 8.35 9.08 7.90 8.65 7.86
7Southeast............................... 8.03 8.90 9.49 9.69 8.90 9.69 7.70 9.20 7.75 7.97 8.01 8.57
8Southwest.............................. 7.89 8.14 10.53 10.65 8.92 8.69 8.40 8.10 7.64 8.79 7.74 7.84
4 West Coast............................ 8.23 8.46 9.43 8.63 8.97 9.33 7.73 8.85 8.29 9.12 8.26 8.28
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
July 1976
A26 INTEREST RATES   AUGUST 1976
PRIME RATE CHARGED BY BANKS
(Per cent per annum)
Rate Effective date Rate Monthly average rate
10% 1975—J uly 18................... 7% 1975—J an. 10.05
10 28................... 7% Feb. 8.96
9% Mar. 7.93
9% Aug. 12................... 7% Apr. 7.50
May 7.40
9% Sept. 15................... 8 J une 7.07
9 J uly 7.15
8% Oct. 27................... 7% Aug. 7.66
8% Sept. 7.88
Nov. 5...................
7% Oct. 7.96
8% Nov. 7.53
8 Dec. 2...................
7% Dec. 7.26
7%
7% 1976—J an. 12................... 7 1976—J an. 7.00
6% Feb. 6.75
7% Mar. 6.75
J une 1................... 7 Apr. 6.75
7 7.................... 7% May 6.75
J une 7.20
Aug. 7 J uly 7.25
Effective date Rate Effective date
1974—Apr. 11
19
25
May 2
6
10
17
J une 26
J uly 5
Oct. 7
21
28
Nov. 4
14
25
10
10%
10%
10*
11%
11%
11%
12
11%
11%
11%
11
10%
10%
1975—J an. 9
15
20
28
Feb. 3,
10,
18,
24,
Mar. 5,
10,
18,
24,
May 20,
J une 9,
RATES ON BUSI NESS LOANS OF BANKS
Size of loan (in thousands of dollars)
All sizes
1--9 10-99 100-499 500-999 1.000 and over
Center
May Feb. May Feb. May Feb. May Feb. May Feb. May Feb.
1976 1976 1976 1976 1976 1976 1976 1976 1976 1976 1976 1976
Short-term
35 centers..................................... 7.44 7.54 8.91 9.03 8.38 8.44 7.78 7.80 7.52 7.55 7.18 7.33
New York City........................ 6.99 7.14 8.84 8.64 8.29 8.20 7.65 7.52 7.29 7.40 6.83 7.03
7 Other Northeast................... 7.79 7.93 9.24 9.46 8.58 8.69 7.99 8.06 7.95 7.77 7.45 7.71
8North Central....................... 7.44 7.50 8.39 8.51 8.21 8.21 7.62 7.63 7.46 7.50 7.29 7.37
7Southeast............................... 7.66 7.86 9.20 9.44 8.65 8.78 7.84 8.16 7.20 7.62 7.25 7.29
8Southwest.............................. 7.51 7.56 8.75 8.76 8.13 8.16 7.71 7.57 7.48 7.44 7.11 7.35
4 West Coast............................ 7.75 7.77 9.14 9.17 8.51 8.60 8.00 8.06 7.71 7.70 7.61 7.61
Revolving credit
35 centers........ ........................... 7.36 7.50 9.23 9.50 8.12 8.40 7.59 7.79 7.35 7.74 7.32 7.42
New York City......................... 7.42 7.51 8.56 7.73 8.31 7.49 7.68 7.29 7.46 7.43 7.50
7 Other Northeast................... 7.78 8.06 "8.‘ 92" 10.66 7.84 7.57 7.44 7.47 7.58 7.80 7.83 8.16
8North Central....................... 7.48 7.64 9.19 9.88 8.69 9.23 7.99 8.34 7.74 7.46 7.34 7.53
7 Southeast............................... 8.01 7.49 9.85 9.59 8.95 9.02 8.35 8.09 8.15 8.43 7.69 6.75
8Southwest.............................. 7.50 7.73 8.93 8.81 8.23 8.14 7.67 7.89 7.23 8.02 7.48 7.49
4 West Coast............................ 7.15 7.32 8.61 8.69 7.84 8.15 7.39 7.59 7.14 7.87 7.12 7.20
Long-term
35 centers..................................... 8.02 8.02 9.21 9.44 8.80 8.96 8.16 8.40 8.33 8.26 7.92 7.89
New York City........................ 7.85 7.68 7.68 7.43 8.45 8.08 8.45 8.01 8.51 7.25 7.76 7.68
7 Other Northeast................... 7.35 8.16 9.10 9.36 9.19 9.32 8.52 8.38 8.10 8.10 6.64 7.98
8North Central....................... 8.59 7.96 8.38 9.23 8.28 8.56 7.94 8.35 9.08 7.90 8.65 7.86
7 Southeast............................... 8.03 8.90 9.49 9.69 8.90 9.69 7.70 9.20 7.75 7.97 8.01 8.57
8Southwest.............................. 7.89 8.14 10.53 10.65 8.92 8.69 8.40 8.10 7.64 8.79 7.74 7.84
4 West Coast............................ 8.23 8.46 9.43 8.63 8.97 9.33 7.73 8.85 8.29 9.12 8.26 8.28
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
August 1976
A26 INTEREST RATES □ SEPTEMBER 1976
PRI ME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date Rate Effective date Rate Effective date Rate Monthly average rate
974—Apr.
11 . . ; ............... 10 1975—J an. 9..................... i o y 4
10
1975—J uly 18..................... 71/4
71/2
1975—J uly 7.15
19 . . 10%
I d/2
15..................... 28................... Aug.
Sept.
7.66
25..................... 20..................... 9%
91/2
7.88
28..................... Aug. 12..................... 7% Oct. 7.96
May 2 ..................... 103/4
11
Nov. 7.53
6 ..................... Feb. 3..................... 91/4
9
Sept. 15..................... 8 Dec. 7.26
1 0 ..................... 111/4
m/2
10.....................
17. .. . 18................. 8%
81/2
Oct. 27..................... 7% 1976—J an. 7.00
24..................... Feb. 6.75
J une 26. . 11% Nov. 5..................... 71/2 Mar. 6.75
Mar. 5..................... 81/4
8
Apr.
May
J une
6.75
J uly 5..................... 12 10..................... Dec. 2.....................
7%
6.75
18..................... 7%
71/2
7.20
Oct. 7.....................
11%
Hl/2
111/4
24..................... 1976—J an. 12..................... 7 J uly
Aug.
7.25
21..................... 21..................... 6% 7.01
28..................... May 20..................... 71/4
J une 1..................... 7
Nov. 4..................... 11 J une 9..................... 7 7...................... 7%
14...................... 10%
101/2 25..................... Aug. 2..................... 7
RATES ON BUSINESS LOANS OF BANKS
- Size of loan (in thousands of dollars)
All sizes
1--9 10-99 100-499 500-999 1,000 and over
Center
May Feb. May Feb. May Feb. May Feb. May Feb. May Feb.
1976 1976 1976 1976 1976 1976 1976 1976 1976 1976 1976 1976
Short-term
35 centers......................................... 7.44 7.54 8.91 9.03 8.38 8.44 7.78 7.80 7.52 7.55 7.18 7.33
New Y ork City.......................... 6.99 7.14 8.84 8.64 8.29 8.20 7.65 7.52 7.29 7.40 6.83 7.03
7 Other Northeast..................... 7.79 7.93 9.24 9.46 8.58 8.69 7.99 8.06 7.95 7.77 7.45 7.71
8 North Central......................... 7.44 7.50 8.39 8.51 8.21 8.21 7.62 7.63 7.46 7.50 7.29 7.37
7 Southeast.................................. 7.66 7.86 9.20 9.44 8.65 8.78 7.84 8.16 7.20 7.62 7.25 7.29
8 Southwest................................. 7.51 7.56 8.75 8.76 8.13 8.16 7.71 7.57 7.48 7.44 7.11 7.35
4 West Coast.............................. 7.75 7.77 9.14 9.17 8.51 8.60 8.00 8.06 7.71 7.70 7.61 7.61
Revolving credit
35 centers......................................... 7.36 7.50 9.23 9.50 8.12 8.40 7.59 7.79 7.35 7.74 7.32 7.42
New Y ork City........................... 7.42 7.51 8.56 7.73 8.31 7.49 7.68 7.29 7.46 7.43 7.50
7 Other Northeast..................... 7.78 8.06 8.92 10.66 7.84 7.57 7.44 7.47 7.58 7.80 7.83 8.16
8 North Central......................... 7.48 7.64 9.19 9.88 8.69 9.23 7.99 8.34 7.74 7.46 7.34 7.53
7 Southeast.................................. 8.01 7.49 9.85 9.59 8.95 9.02 8.35 8.09 8.15 8.43 7.69 6.75
8 Southwest................................. 7.50 7.73 8.93 8.81 8.23 8.14 7.67 7.89 7.23 8.02 7.48 7.49
4 West Coast.............................. 7.15 7.32 8.61 8.69 7.84 8.15 7.39 7.59 7.14 7.87 7.12 7.20
Long-term
35 centers. ...................................... 8.02 8.02 9.21 9.44 8.80 8.96 8.16 8.40 8.33 8.26 7.92 7.89
New Y ork City.......................... 7.85 7.68 7.68 7.43 8.45 8.08 8.45 8.01 8.51 7.25 7.76 7.68
7 Other Northeast..................... 7.35 8.16 9.10 9.36 9.19 9.32 8.52 8.38 8.10 8.10 6.64 7.98
8 North Central......................... 8.59 7.96 8.38 9.23 8.28 8.56 7,94 8.35 9.08 7.90 8.65 7.86
7 Southeast.................................. 8.03 8.90 9.49 9.69 8.90 9.69 7.70 9.20 7.75 7.97 8.01 8.57
8 Southwest................................. 7.89 8.14 10.53 10.65 8.92 8.69 8.40 8.10 7.64 8.79 7.74 7.84
4 West Coast.............................. 8.23 8.46 9.43 8.63 8.97 9.33 7.73 8.85 8.29 9.12 8.26 8.28
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
September 1976
A26 INTEREST RATES • OCTOBER 1976
P RI ME RA TE CHA RGED BY B A NK S
(Per cent per annum)
Effective date Rate Effective date Rate Effective date Rate Monthly average rate
1974—Apr. 11
19
25
May 2
6
10
17
J une 26
J uly 5
Oct. 7
21
28
Nov. 4
14
25
10
iOV4
lOi/i
1034
11
1114
lUA
1134
12
1134
ik
1975—J an. 9
15,
20,
28,
Feb. 3.
10.
18.
24.
Mar. 5.
10.
18.
24.
May 20.
J une 9.
10V4
10
9V4
9
m
734
m
IVa
7
1975—J uly 18.
28.
Aug. 12.
Sept. 15.
Oct. 27.,
Nov. 5.
Dec. 2.
1976—J an. 12.,
21.,
J une
7.
Aug. 2.
71/4
1975—J uly 7.15
m
Aug. 7.66
Sept. 7.88
m
Oct. 7.96 m
Nov. 7.53
8 Dec. 7.26
m
1976—J an. 7.00
m
Feb. 6.75
m
Mar. 6.75
m
Apr. 6.75
m
May 6.75
m
J une 7.20
7 J uly 7.25
evA
Aug. 7.01
y
Sept. 7.00
m
7
RA TES ON B USI NESS L OA NS OF B A NK S
Center
All sizes
Aug.
1976
May
1976
Size of loan (in thousands of dollars)
1-9
Aug.
1976
May
1976
10-99
Aug.
1976
May
1976
100-499
Aug.
1976
May
1976
500-999
Aug. May
1976 1976
1,000 and over
Aug.
1976
May
1976
Short-term
35 centers 7.80 7.44 9.06 8.91 8.58 8.38 7.99 7.78 7.84 7.52 7.61 7.18
New York City 7.48 6.99 8.85 8.84 8.40 8.29 7.91 7.65 7.77 7.29 7.36 6.83
7 Other Northeast 8.18 7.79 9.41 9.24 8.84 8.58 8.25 7.99 8.16 7.95 7.98 7.45
8 North Central 7.70 7.44 8.65 8.39 8.50 8.21 7.85 7.62 7.71 7.46 7.55 7.29
7 Southeast 7.95 7.66 9.33 9.20 8.76 8.65 8.00 7.84 7.85 7.20 7.54 7.25
8 Southwest 7.75 7.51 8.83 8.75 8.24 8.13 7.80 7.71 7.61 7.48 7.55 7.11
4 West Coast 8.15 7.75 9.26 9.14 8.79 8.51 8.28 8.00 8.06 7.71 8.05 7.61
Revolving credit
35 centers
New York City...
7 Other Northeast
8 North Central..
7 Southeast
8 Southwest
4 West Coast
35 centers
New York City. . ,
7 Other Northeast
8 North Central..
7 Southeast
8 Southwest
4 West Coast. . . .
7.87 7.36 8.70 9.23 8.33 8.12 8.02 7.59 7.80 7.35 7.88 7.32
8.14 7.42 7.25 8.26 7.73 7.70 7.49 7.56 7.29 8.19 7.43
7.59 7.78 8.00 '•8.'92" 8.22 7.84 7.67 7.44 8.36 7.58 7.47 7.83
7.96 7.48 8.94 9.19 9.03 8.69 8.50 7.99 7.74 7.74 7.90 7.34
7.48 8.01 8.75 9.85 8.40 8.95 8.16 8.35 8.15 7.13 7.69
7.81 7.50 8.74 8.93 8.09 8.23 8.20 7.67 7.47 7.23 7.80 7.48
7.73 7.15 9.10 8.61 8.08 7.84 7.95 7.39 7.91 7.14 7.68 7.12
Long-term
8.45 8.02 9.61 9.21 9.02 8.80 8.55 8.16 8.60 8.33 8.40 7.92
8.52 7.85 7.68 8.27 8.45 8.05 8.45 8.44 8.51 8.56 7.76
8.62 7.35 ••9.'46'" 9.10 9.43 9.19 8.93 8.52 7.50 8.10 8.70 6.64
8.05 8.59 8.83 8.38 9.07 8.28 8.26 7.94 8.36 9.08 7.92 8.65
8.88 8.03 9.60 9.49 9.08 8.90 9.88 7.70 8.18 7.75 8.06 8.01
8.42 7.89 10.85 10.53 9.04 8.92 8.23 8.40 8.69 7.64 8.30 7.74
8.67 8.23 9.28 9.43 8.58 8.97 8.81 7.73 10.00 8.29 8.46 8.26
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
October 1976
A26 INTEREST RATES • NOVEMBER 1976
PRI ME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date Rate Effective date Rate Effective date Rate Monthly average rate
1974—Apr.
11 10 1975—Jan. 9 1014
10
1975—July 18 714
1975—July 7.15
1974—Apr.
19. . 1014
10%
1975—Jan.
15
1014
10
1975—July
7% Aug. 7.66
25
1014
10%
20 934
7%
Sept. 7.88
1014
10%
28 9% Aug. 12
m
Oct. 7.96
May 2
11*
9% Aug. m
Nov. 7.53
May
6 . . 11* Feb. 3 914
9
Sept. 15 8 Dec. 7.26
10 11K
11%
Feb.
10
914
9
Sept.
17. .
11K
11% 18 8 34 Oct. m
1976—Jan. 7.00
11K
11%
24 8%
Oct. m
Feb. 6.75
June 26 11%
8%
Nov. 7%
Mar. 6.75
June 11%
Mar. 5 81/4
8
Nov. 7%
Apr. 6.75
July 5 . . 12
Mar.
10
81/4
8
Dec.
m
May 6.75
July 12
18 734
7%
m
June 7.20
Oct.
7
11
3
A
24
734
7% 1976—Jan. 7 July 7.25
Oct.
21
11%
734
7% 1976—Jan.
21 634 Aug. 7.01
28 11%
May 20 714
634
Sept. 7.00
11%
May 714
June 1 7 Oct. 6.78
Nov.
4 l i June 9 7
June
7 m
Oct. 6.78
Nov.
14 1034
10%
June m
25
1034
10% Aug. 2 7
1034
10% Aug.
RATES ON BUSI NESS LOANS OF BANKS
Size of loan (in thousands of dollars)
All sizes
1--9 10-99 100-499 500-999 1,000 and over
Center Center
Aug. May Aug. May Aug. May Aug. May Aug. May Aug. May
1976 1976 1976 1976 1976 1976 1976 1976 1976 1976 1976 1976
Short-term
35 centers 7.80 7.44 9.06 8.91 8.58 8.38 7.99 7.78 7.84 7.52 7.61 7.18
New York City 7.48 6.99 8.85 8.84 8.40 8.29 7.91 7.65 7.77 7.29 7.36 6.83
7 Other Northeast 8.18 7.79 9.41 9.24 8.84 8.58 8.25 7.99 8.16 7.95 7.98 7.45
8 North Central 7.70 7.44 8.65 8.39 8.50 8.21 7.85 7.62 7.71 7.46 7.55 7.29
7 Southeast 7.95 7.66 9.33 9.20 8.76 8.65 8.00 7.84 7.85 7.20 7.54 7.25
8 Southwest 7.75 7.51 8.83 8.75 8.24 8.13 7.80 7.71 7.61 7.48 7.55 7.11
4 West Coast 8.15 7.75 9.26 9.14 8.79 8.51 8.28 8.00 8.06 7.71 8.05 7.61
Revolving credit
35 centers 7.87 7.36 8.70 9.23 8.33 8.12 8.02 7.59 7.80 7.35 7.88 7.32
New York City 8.14 7.42 7.25 8.26 7.73 7.70 7.49 7.56 7.29 8.19 7.43
7 Other Northeast 7.59 7.78 8.00 "8. 92" 8.22 7.84 7.67 7.44 8.36 7.58 7.47 7.83
8 North Central 7.96 7.48 8.94 9.19 9.03 8.69 8.50 7.99 7.74 7.74 7.90 7.34
7 Southeast 7.48 8.01 8.75 9.85 8.40 8.95 8.16 8.35 8.15 7.13 7.69
8 Southwest 7.81 7.50 8.74 8.93 8.09 8.23 8.20 7.67 7.47 7.23 7.80 7.48
4 West Coast 7.73 7.15 9.10 8.61 8.08 7.84 7.95 7.39 7.91 7.14 7.68 7.12
Long-term
35 centers 8.45 8.02 9.61 9.21 9.02 8.80 8.55 8.16 8.60 8.33 8.40 7.92
New York City 8.52 7.85 7.68 8.27 8.45 8.05 8.45 8.44 8.51 8.56 7.76
7 Other Northeast 8.62 7.35 "9.40" 9.10 9.43 9.19 8.93 8.52 7.50 8.10 8.70 6.64
8 North Central 8.05 8.59 8.83 8.38 9.07 8.28 8.26 7.94 8.36 9.08 7.92 8.65
7 Southeast 8.88 8.03 9.60 9.49 9.08 8.90 9.88 7.70 8.18 7.75 8.06 8.01
8 Southwest 8.42 7.89 10.85 10.53 9.04 8.92 8.23 8.40 8.69 7.64 8.30 7.74
4 West Coast 8.67 8.23 9.28 9.43 8.58 8.97 8.81 7.73 10.00 8.29 8.46 8.26
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
November 1976
A26 I NTE RE S T RATE S • D E C E MB E R 1976
PRI ME RATE CHARGED BY BANKS
(Per cent per annum)
Effective date Rate Effective date Rate Effective date Rate Monthl y average Rate
7% 7. 15
7% 7. 66
7. 88
7% 7. 96 7%
7. 53
8 Dec 7. 26
7% 1976—Jan 7. 00
Feb 6. 75
7% 6. 75 7%
6. 75
7% 6. 75
7. 20
7 July 7. 25
6% 7. 01
7. 00
7 6. 78
7% 6. 50
7
1974—Apr. 11
19
25
May 2
6
10
17
June 26
July 5,
Oct. 7,
21,
28,
Nov. 4,
14.
25,
10
10%
10%
10%
11
11%
11%
11%
12
11%
11%
11%
11
10%
10%
1975—Jan. 9
15
20
28
Feb. 3
10
18
24,
Mar. 5,
10,
18,
24,
May 20,
June 9.
10%
10
9%
9%
9%
9
8 %
8 %
8 %
8
7%
7%
7%
1975—July 18
28
Aug. 12
Sept. 15
Oct. 27
Nov. 5
Dec. 2
1976—Jan. 12
21
June 1
7,
Aug. 2,
RATES ON BUSI NESS LOANS OF BANKS
35 centers 7. 80 7. 44 9. 06 8. 91 8. 58 8. 38 7. 99 7. 78 7. 84 7. 52 7. 61 7. 18
New York City 7. 48 6. 99 8. 85 8. 84 8. 40 8. 29 7. 91 7. 65 7. 77 7. 29 7. 36 6. 83
7 Other Northeast 8. 18 7. 79 9. 41 9. 24 8. 84 8. 58 8. 25 7. 99 8. 16 7. 95 7. 98 7. 45
8 North Central 7. 70 7. 44 8. 65 8. 39 8. 50 8. 21 7. 85 7. 62 7. 71 7. 46 7. 55 7. 29
7 Southeast 7. 95 7. 66 9. 33 9. 20 8. 76 8. 65 8. 00 7. 84 7. 85 7. 20 7. 54 7. 25
8 Southwest 7. 75 7. 51 8. 83 8. 75 8. 24 8. 13 7. 80 7. 71 7. 61 7. 48 7. 55 7. 11
4 West Coast 8. 15 7. 75 9. 26 9. 14 8. 79 8. 51 8. 28 8. 00 8. 06 7. 71 8. 05 7. 61
35 centers
New York Ci t y. . .
7 Other Northeast
8 North Central . .
7 Southeast
8 Southwest
4 West Coast
35 centers
New York Ci t y. .
7 Other Northeast
8 North Central . .
7 Southeast
8 Southwest
4 West Coast
All sizes
Aug.
1976
May
1976
Size of loan (in thousands of dollars)
1- 9
Aug.
1976
May
1976
10-99
Aug.
1976
May
1976
100-499
Aug.
1976
May
1976
500-999
Aug.
1976
May
1976
Short-term
Revolving credit
Long-term
1,000 and over
Aug.
1976
May
1976
7. 87 7. 36 8. 70 9. 23 8. 33 8. 12 8. 02 7. 59 7. 80 7. 35 7. 88 7. 32
8. 14 7. 42 7. 25 8. 26 7. 73 7. 70 7. 49 7. 56 7. 29 8. 19 7. 43
7. 59 7. 78 8. 00 8. 92 8. 22 7. 84 7. 67 7 . 4 4 8. 36 7. 58 7. 47 7. 83
7. 96 7. 48 8. 94 9. 19 9. 03 8. 69 8. 50 7. 99 7. 74 7. 74 7. 90 7. 34
7. 48 8. 01 8. 75 9. 85 8. 40 8. 95 8. 16 8. 35 8. 15 7. 13 7. 69
7. 81 7 . 5 0 8. 74 8. 93 8. 09 8. 23 8. 20 7. 67 7. 47 7. 23 7. 80 7. 48
7. 73 7. 15 9. 10 8. 61 8. 08 7. 84 7. 95 7. 39 7. 91 7. 14 7. 68 7. 12
8. 45 8. 02 9. 61 9. 21 9. 02 8. 80 8. 55 8. 16 8. 60 8. 33 8. 40 7. 92
8. 52 7. 85 7. 68 8. 27 8. 45 8. 05 8. 45 8. 44 8. 51 8. 56 7. 76
8. 62 7. 35 9. 40 9. 10 9. 43 9. 19 8. 93 8. 52 7 . 5 0 8. 10 8. 70 6. 64
8. 05 8. 59 8. 83 8. 38 9. 07 8. 28 8. 26 7. 94 8. 36 9. 08 7. 92 8. 65
8. 88 8. 03 9. 60 9. 49 9. 08 8. 90 9. 88 7. 70 8. 18 7. 75 8. 06 8. 01
8. 42 7. 89 10. 85 10. 53 9. 04 8. 92 8. 23 8. 40 8. 69 7. 64 8. 30 7. 74
8. 67 8. 23 9. 28 9. 43 8. 58 8. 97 8. 81 7. 73 10. 00 8. 29 8. 46 8. 26
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
December 1976

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