,Instrument,"Bank prime loan" ,Maturity,"Not applicable" ,Frequency,"Annual" ,Description,"Average majority prime rate charged by banks on short-term loans to business, quoted on an investment basis" ,Note,"Weekly figures are averages of 7 calendar days ending on Wednesday of the current week; monthly figures include each calendar day in the month." ,Note,"Annualized using a 360-day year or bank interest." ,Note,"Rate posted by a majority of top 25 (by assets in domestic offices) insured U.S.-chartered commercial banks. Prime is one of several base rates used by banks to price short-term business loans." DATE , PRIMENA 1956, 3.77 1957, 4.20 1958, 3.83 1959, 4.48 1960, 4.82 1961, 4.50 1962, 4.50 1963, 4.50 1964, 4.50 1965, 4.54 1966, 5.63 1967, 5.63 1968, 6.31 1969, 7.96 1970, 7.91 1971, 5.73 1972, 5.25 1973, 8.03 1974, 10.81 1975, 7.86 1976, 6.84 1977, 6.83 1978, 9.06 1979, 12.67 1980, 15.26 1981, 18.87 1982, 14.85 1983, 10.79 1984, 12.04 1985, 9.93 1986, 8.33 1987, 8.21 1988, 9.32 1989, 10.87 1990, 10.01 1991, 8.46 1992, 6.25 1993, 6.00 1994, 7.15 1995, 8.83 1996, 8.27 1997, 8.44 1998, 8.35 1999, 8.00 2000, 9.23 2001, 6.91 2002, 4.67 2003, 4.12 2004, 4.34 2005, 6.19 2006, 7.96 2007, 8.05 2008, 5.09