,Instrument,"Finance paper" ,Maturity,"6-month" ,Frequency,"Annual" ,Description,"6-MONTH FINANCE PAPER PLACED DIRECTLY AVERAGE OFFERING RATE QUOTED ON DISCOUNT BASIS" ,Status,"Discontinued" ,Note,"Annualized using a 360-day year or bank interest." ,Note,"On a discount basis." ,Note,"Series ended August 29, 1997. An average of offering rates on paper directly placed by finance companies." DATE , FPM6 1954, 1.27 1955, 1.98 1956, 3.08 1957, 3.56 1958, 2.12 1959, 3.84 1960, 3.60 1961, 2.73 1962, 3.08 1963, 3.41 1964, 3.84 1965, 4.27 1966, 5.43 1967, 4.89 1968, 5.68 1969, 7.09 1970, 7.20 1971, 4.89 1972, 4.55 1973, 7.38 1974, 8.62 1975, 6.17 1976, 5.23 1977, 5.50 1978, 7.77 1979, 10.24 1980, 11.25 1981, 13.74 1982, 11.20 1983, 8.70 1984, 9.67 1985, 7.74 1986, 6.31 1987, 6.37 1988, 7.14 1989, 8.16 1990, 7.53 1991, 5.60 1992, 3.63 1993, 3.15 1994, 4.56 1995, 5.68 1996, 5.21 1997, 5.48 1998, ND 1999, ND 2000, ND 2001, ND 2002, ND 2003, ND 2004, ND 2005, ND 2006, ND 2007, ND 2008, ND