,Instrument,"Nonfinancial commercial paper"
  ,Maturity,"2-month"
  ,Frequency,"Annual"
  ,Description,"60-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/)."
  ,Note,"Financial paper that is insured by the FDIC's Temporary Liquidity Guarantee Program is not excluded from relevant indexes, nor is any financial or nonfinancial commercial paper that may be directly or indirectly affected by one or more of the Federal Reserve's liquidity facilities. Thus the rates published after September 19, 2008, likely reflect the direct or indirect effects of the new temporary programs and, accordingly, likely are not comparable for some purposes to rates published prior to that period."


DATE      , NFCPM2
1997, 5.48
1998, 5.38
1999, 5.13
2000, 6.29
2001, 3.68
2002, 1.67
2003, 1.11
2004, 1.40
2005, 3.23
2006, 5.01
2007, 4.98
2008, 2.11