,Instrument,"Nonfinancial commercial paper

"
,Maturity,"1-month"
,Frequency,"Weekly (Friday)"
,Description,"30-Day AA Nonfinancial Commercial Paper Interest Rate"
,Note,"Annualized using a 360-day year or bank interest."
,Note,"On a discount basis."
,Note,"Interest rates interpolated from data on certain commercial paper trades
settled by The Depository Trust Company. The trades represent sales of commercial
paper by dealers or direct issuers to investors (that is, the offer side). The 1-,
2-, and 3-month rates are equivalent to the 30-, 60-, and 90-day dates reported on
the Board's Commercial Paper Web page (www.federalreserve.gov/releases/cp/)."
DATE
,
01/03/1997,
01/10/1997,
01/17/1997,
01/24/1997,
01/31/1997,
02/07/1997,
02/14/1997,
02/21/1997,
02/28/1997,
03/07/1997,
03/14/1997,
03/21/1997,
03/28/1997,
04/04/1997,
04/11/1997,
04/18/1997,
04/25/1997,
05/02/1997,
05/09/1997,
05/16/1997,
05/23/1997,
05/30/1997,
06/06/1997,
06/13/1997,
06/20/1997,
06/27/1997,
07/04/1997,
07/11/1997,
07/18/1997,
07/25/1997,
08/01/1997,
08/08/1997,
08/15/1997,
08/22/1997,
08/29/1997,
09/05/1997,
09/12/1997,
09/19/1997,
09/26/1997,
10/03/1997,
10/10/1997,
10/17/1997,
10/24/1997,
10/31/1997,

NFCPM1
5.33
5.28
5.28
5.27
5.30
5.26
5.24
5.25
5.25
5.28
5.28
5.34
5.51
5.52
5.49
5.49
5.47
5.50
5.50
5.52
5.52
5.50
5.51
5.49
5.51
5.51
5.51
5.47
5.47
5.47
5.48
5.47
5.49
5.47
5.48
5.49
5.48
5.49
5.49
5.49
5.47
5.48
5.49
5.51

11/07/1997,
11/14/1997,
11/21/1997,
11/28/1997,
12/05/1997,
12/12/1997,
12/19/1997,
12/26/1997,
01/02/1998,
01/09/1998,
01/16/1998,
01/23/1998,
01/30/1998,
02/06/1998,
02/13/1998,
02/20/1998,
02/27/1998,
03/06/1998,
03/13/1998,
03/20/1998,
03/27/1998,
04/03/1998,
04/10/1998,
04/17/1998,
04/24/1998,
05/01/1998,
05/08/1998,
05/15/1998,
05/22/1998,
05/29/1998,
06/05/1998,
06/12/1998,
06/19/1998,
06/26/1998,
07/03/1998,
07/10/1998,
07/17/1998,
07/24/1998,
07/31/1998,
08/07/1998,
08/14/1998,
08/21/1998,
08/28/1998,
09/04/1998,
09/11/1998,
09/18/1998,
09/25/1998,
10/02/1998,
10/09/1998,
10/16/1998,
10/23/1998,
10/30/1998,
11/06/1998,
11/13/1998,
11/20/1998,
11/27/1998,
12/04/1998,
12/11/1998,

5.51
5.53
5.52
5.56
5.68
5.74
5.82
5.90
5.71
5.48
5.44
5.44
5.47
5.46
5.47
5.46
5.49
5.50
5.50
5.50
5.52
5.52
5.49
5.49
5.48
5.49
5.48
5.49
5.49
5.50
5.50
5.49
5.52
5.54
5.53
5.50
5.50
5.51
5.52
5.51
5.50
5.50
5.50
5.50
5.49
5.49
5.45
5.23
5.25
5.22
5.03
5.05
5.11
5.11
4.95
4.84
5.09
5.16

12/18/1998,
12/25/1998,
01/01/1999,
01/08/1999,
01/15/1999,
01/22/1999,
01/29/1999,
02/05/1999,
02/12/1999,
02/19/1999,
02/26/1999,
03/05/1999,
03/12/1999,
03/19/1999,
03/26/1999,
04/02/1999,
04/09/1999,
04/16/1999,
04/23/1999,
04/30/1999,
05/07/1999,
05/14/1999,
05/21/1999,
05/28/1999,
06/04/1999,
06/11/1999,
06/18/1999,
06/25/1999,
07/02/1999,
07/09/1999,
07/16/1999,
07/23/1999,
07/30/1999,
08/06/1999,
08/13/1999,
08/20/1999,
08/27/1999,
09/03/1999,
09/10/1999,
09/17/1999,
09/24/1999,
10/01/1999,
10/08/1999,
10/15/1999,
10/22/1999,
10/29/1999,
11/05/1999,
11/12/1999,
11/19/1999,
11/26/1999,
12/03/1999,
12/10/1999,
12/17/1999,
12/24/1999,
12/31/1999,
01/07/2000,
01/14/2000,
01/21/2000,

5.26
5.44
5.24
4.81
4.81
4.79
4.79
4.79
4.80
4.81
4.81
4.83
4.82
4.81
4.82
4.84
4.81
4.78
4.76
4.77
4.79
4.78
4.80
4.81
4.85
4.85
4.95
5.01
5.13
5.06
5.06
5.04
5.07
5.11
5.14
5.18
5.23
5.28
5.28
5.28
5.29
5.29
5.30
5.28
5.27
5.27
5.27
5.26
5.42
5.47
5.63
5.88
6.16
6.33
5.71
5.54
5.56
5.61

01/28/2000,
02/04/2000,
02/11/2000,
02/18/2000,
02/25/2000,
03/03/2000,
03/10/2000,
03/17/2000,
03/24/2000,
03/31/2000,
04/07/2000,
04/14/2000,
04/21/2000,
04/28/2000,
05/05/2000,
05/12/2000,
05/19/2000,
05/26/2000,
06/02/2000,
06/09/2000,
06/16/2000,
06/23/2000,
06/30/2000,
07/07/2000,
07/14/2000,
07/21/2000,
07/28/2000,
08/04/2000,
08/11/2000,
08/18/2000,
08/25/2000,
09/01/2000,
09/08/2000,
09/15/2000,
09/22/2000,
09/29/2000,
10/06/2000,
10/13/2000,
10/20/2000,
10/27/2000,
11/03/2000,
11/10/2000,
11/17/2000,
11/24/2000,
12/01/2000,
12/08/2000,
12/15/2000,
12/22/2000,
12/29/2000,
01/05/2001,
01/12/2001,
01/19/2001,
01/26/2001,
02/02/2001,
02/09/2001,
02/16/2001,
02/23/2001,
03/02/2001,

5.64
5.77
5.75
5.75
5.76
5.78
5.83
5.93
6.01
6.04
6.01
6.00
6.01
6.06
6.24
6.37
6.47
6.48
6.50
6.51
6.52
6.54
6.58
6.52
6.49
6.49
6.47
6.49
6.47
6.47
6.47
6.48
6.47
6.48
6.48
6.49
6.48
6.47
6.47
6.47
6.50
6.47
6.49
6.50
6.51
6.52
6.53
6.51
6.45
6.12
5.73
5.74
5.60
5.44
5.43
5.43
5.43
5.20

03/09/2001,
03/16/2001,
03/23/2001,
03/30/2001,
04/06/2001,
04/13/2001,
04/20/2001,
04/27/2001,
05/04/2001,
05/11/2001,
05/18/2001,
05/25/2001,
06/01/2001,
06/08/2001,
06/15/2001,
06/22/2001,
06/29/2001,
07/06/2001,
07/13/2001,
07/20/2001,
07/27/2001,
08/03/2001,
08/10/2001,
08/17/2001,
08/24/2001,
08/31/2001,
09/07/2001,
09/14/2001,
09/21/2001,
09/28/2001,
10/05/2001,
10/12/2001,
10/19/2001,
10/26/2001,
11/02/2001,
11/09/2001,
11/16/2001,
11/23/2001,
11/30/2001,
12/07/2001,
12/14/2001,
12/21/2001,
12/28/2001,
01/04/2002,
01/11/2002,
01/18/2002,
01/25/2002,
02/01/2002,
02/08/2002,
02/15/2002,
02/22/2002,
03/01/2002,
03/08/2002,
03/15/2002,
03/22/2002,
03/29/2002,
04/05/2002,
04/12/2002,

5.15
5.03
4.88
4.94
4.93
4.92
4.74
4.36
4.35
4.06
3.98
3.98
3.97
3.93
3.88
3.73
3.69
3.74
3.71
3.70
3.69
3.67
3.60
3.54
3.48
3.48
3.48
3.43
2.68
2.62
2.50
2.46
2.41
2.32
2.23
2.02
2.00
2.02
1.99
1.91
1.76
1.82
1.89
1.74
1.71
1.62
1.70
1.76
1.76
1.75
1.74
1.75
1.78
1.78
1.78
1.79
1.78
1.77

04/19/2002,
04/26/2002,
05/03/2002,
05/10/2002,
05/17/2002,
05/24/2002,
05/31/2002,
06/07/2002,
06/14/2002,
06/21/2002,
06/28/2002,
07/05/2002,
07/12/2002,
07/19/2002,
07/26/2002,
08/02/2002,
08/09/2002,
08/16/2002,
08/23/2002,
08/30/2002,
09/06/2002,
09/13/2002,
09/20/2002,
09/27/2002,
10/04/2002,
10/11/2002,
10/18/2002,
10/25/2002,
11/01/2002,
11/08/2002,
11/15/2002,
11/22/2002,
11/29/2002,
12/06/2002,
12/13/2002,
12/20/2002,
12/27/2002,
01/03/2003,
01/10/2003,
01/17/2003,
01/24/2003,
01/31/2003,
02/07/2003,
02/14/2003,
02/21/2003,
02/28/2003,
03/07/2003,
03/14/2003,
03/21/2003,
03/28/2003,
04/04/2003,
04/11/2003,
04/18/2003,
04/25/2003,
05/02/2003,
05/09/2003,
05/16/2003,
05/23/2003,

1.74
1.74
1.73
1.75
1.75
1.74
1.75
1.74
1.74
1.74
1.75
1.75
1.74
1.72
1.74
1.75
1.70
1.71
1.72
1.72
1.72
1.73
1.72
1.73
1.73
1.72
1.72
1.73
1.68
1.43
1.28
1.28
1.30
1.29
1.32
1.32
1.33
1.28
1.25
1.25
1.25
1.24
1.23
1.24
1.25
1.25
1.23
1.19
1.21
1.23
1.21
1.22
1.21
1.23
1.22
1.20
1.22
1.21

05/30/2003,
06/06/2003,
06/13/2003,
06/20/2003,
06/27/2003,
07/04/2003,
07/11/2003,
07/18/2003,
07/25/2003,
08/01/2003,
08/08/2003,
08/15/2003,
08/22/2003,
08/29/2003,
09/05/2003,
09/12/2003,
09/19/2003,
09/26/2003,
10/03/2003,
10/10/2003,
10/17/2003,
10/24/2003,
10/31/2003,
11/07/2003,
11/14/2003,
11/21/2003,
11/28/2003,
12/05/2003,
12/12/2003,
12/19/2003,
12/26/2003,
01/02/2004,
01/09/2004,
01/16/2004,
01/23/2004,
01/30/2004,
02/06/2004,
02/13/2004,
02/20/2004,
02/27/2004,
03/05/2004,
03/12/2004,
03/19/2004,
03/26/2004,
04/02/2004,
04/09/2004,
04/16/2004,
04/23/2004,
04/30/2004,
05/07/2004,
05/14/2004,
05/21/2004,
05/28/2004,
06/04/2004,
06/11/2004,
06/18/2004,
06/25/2004,
07/02/2004,

1.23
1.21
1.10
0.99
0.97
1.01
1.01
1.01
1.02
1.02
1.03
1.03
1.04
1.02
1.04
1.01
1.02
1.01
1.01
1.02
1.01
1.02
1.03
1.02
1.03
1.02
1.02
1.02
1.02
1.03
1.06
1.03
1.00
0.98
0.98
1.00
0.99
1.00
0.98
1.00
0.99
0.99
0.99
0.98
1.01
1.00
1.01
1.01
0.98
1.00
1.00
1.00
1.00
1.01
1.07
1.15
1.18
1.26

07/09/2004,
07/16/2004,
07/23/2004,
07/30/2004,
08/06/2004,
08/13/2004,
08/20/2004,
08/27/2004,
09/03/2004,
09/10/2004,
09/17/2004,
09/24/2004,
10/01/2004,
10/08/2004,
10/15/2004,
10/22/2004,
10/29/2004,
11/05/2004,
11/12/2004,
11/19/2004,
11/26/2004,
12/03/2004,
12/10/2004,
12/17/2004,
12/24/2004,
12/31/2004,
01/07/2005,
01/14/2005,
01/21/2005,
01/28/2005,
02/04/2005,
02/11/2005,
02/18/2005,
02/25/2005,
03/04/2005,
03/11/2005,
03/18/2005,
03/25/2005,
04/01/2005,
04/08/2005,
04/15/2005,
04/22/2005,
04/29/2005,
05/06/2005,
05/13/2005,
05/20/2005,
05/27/2005,
06/03/2005,
06/10/2005,
06/17/2005,
06/24/2005,
07/01/2005,
07/08/2005,
07/15/2005,
07/22/2005,
07/29/2005,
08/05/2005,
08/12/2005,

1.25
1.26
1.31
1.34
1.43
1.47
1.49
1.50
1.53
1.61
1.67
1.72
1.74
1.74
1.76
1.80
1.85
1.92
2.00
2.02
2.07
2.11
2.20
2.25
2.26
2.24
2.24
2.29
2.35
2.42
2.48
2.48
2.48
2.50
2.58
2.61
2.68
2.74
2.74
2.74
2.81
2.89
2.93
2.97
2.97
2.98
2.98
3.00
3.03
3.11
3.17
3.22
3.22
3.25
3.28
3.33
3.40
3.45

08/19/2005,
08/26/2005,
09/02/2005,
09/09/2005,
09/16/2005,
09/23/2005,
09/30/2005,
10/07/2005,
10/14/2005,
10/21/2005,
10/28/2005,
11/04/2005,
11/11/2005,
11/18/2005,
11/25/2005,
12/02/2005,
12/09/2005,
12/16/2005,
12/23/2005,
12/30/2005,
01/06/2006,
01/13/2006,
01/20/2006,
01/27/2006,
02/03/2006,
02/10/2006,
02/17/2006,
02/24/2006,
03/03/2006,
03/10/2006,
03/17/2006,
03/24/2006,
03/31/2006,
04/07/2006,
04/14/2006,
04/21/2006,
04/28/2006,
05/05/2006,
05/12/2006,
05/19/2006,
05/26/2006,
06/02/2006,
06/09/2006,
06/16/2006,
06/23/2006,
06/30/2006,
07/07/2006,
07/14/2006,
07/21/2006,
07/28/2006,
08/04/2006,
08/11/2006,
08/18/2006,
08/25/2006,
09/01/2006,
09/08/2006,
09/15/2006,
09/22/2006,

3.47
3.52
3.54
3.55
3.61
3.70
3.72
3.74
3.79
3.84
3.95
3.99
3.98
3.98
4.06
4.12
4.18
4.26
4.26
4.25
4.24
4.31
4.36
4.44
4.46
4.46
4.46
4.50
4.47
4.53
4.62
4.68
4.72
4.75
4.73
4.79
4.87
4.91
4.94
4.96
4.98
4.99
5.02
5.10
5.19
5.24
5.25
5.22
5.23
5.25
5.26
5.21
5.22
5.21
5.20
5.21
5.20
5.20

09/29/2006,
10/06/2006,
10/13/2006,
10/20/2006,
10/27/2006,
11/03/2006,
11/10/2006,
11/17/2006,
11/24/2006,
12/01/2006,
12/08/2006,
12/15/2006,
12/22/2006,
12/29/2006,
01/05/2007,
01/12/2007,
01/19/2007,
01/26/2007,
02/02/2007,
02/09/2007,
02/16/2007,
02/23/2007,
03/02/2007,
03/09/2007,
03/16/2007,
03/23/2007,
03/30/2007,
04/06/2007,
04/13/2007,
04/20/2007,
04/27/2007,
05/04/2007,
05/11/2007,
05/18/2007,
05/25/2007,
06/01/2007,
06/08/2007,
06/15/2007,
06/22/2007,
06/29/2007,
07/06/2007,
07/13/2007,
07/20/2007,
07/27/2007,
08/03/2007,
08/10/2007,
08/17/2007,
08/24/2007,
08/31/2007,
09/07/2007,
09/14/2007,
09/21/2007,
09/28/2007,
10/05/2007,
10/12/2007,
10/19/2007,
10/26/2007,
11/02/2007,

5.22
5.19
5.20
5.20
5.21
5.20
5.21
5.20
5.21
5.21
5.20
5.21
5.25
5.25
5.23
5.24
5.20
5.21
5.19
5.24
5.23
5.21
5.21
5.23
5.22
5.23
5.23
5.23
5.23
5.21
5.23
5.22
5.21
5.23
5.23
5.24
5.22
5.26
5.24
5.24
5.23
5.24
5.23
5.24
5.24
5.28
5.24
5.23
5.22
5.19
5.02
4.84
4.77
4.72
4.72
4.76
4.71
4.51

11/09/2007,
11/16/2007,
11/23/2007,
11/30/2007,
12/07/2007,
12/14/2007,
12/21/2007,
12/28/2007,
01/04/2008,
01/11/2008,
01/18/2008,

4.49
4.49
4.49
4.45
4.41
4.25
4.20
4.19
4.13
4.03
3.75