,Instrument,"Financial commercial paper"
  ,Maturity,"1-month"
  ,Frequency,"Annual"
  ,Description,"30-Day AA Financial 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      , FCPM1
1997, 5.49
1998, 5.42
1999, 5.11
2000, 6.28
2001, 3.80
2002, 1.68
2003, 1.12
2004, 1.41
2005, 3.27
2006, 5.00
2007, 5.07