,Instrument,"Finance paper"
  ,Maturity,"3-month"
  ,Frequency,"Monthly"
  ,Description,"3-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      , FPM3
05/1954, 1.25
06/1954, 1.19
07/1954, 1.24
08/1954, 1.13
09/1954, 1.13
10/1954, 1.13
11/1954, 1.13
12/1954, 2.08
01/1955, 1.25
02/1955, 1.38
03/1955, 1.38
04/1955, 1.59
05/1955, 1.75
06/1955, 1.75
07/1955, 1.75
08/1955, 1.90
09/1955, 2.14
10/1955, 2.34
11/1955, 2.41
12/1955, 2.67
01/1956, 2.75
02/1956, 2.75
03/1956, 2.75
04/1956, 2.88
05/1956, 3.00
06/1956, 3.00
07/1956, 2.89
08/1956, 2.98
09/1956, 3.13
10/1956, 3.37
11/1956, 3.38
12/1956, 3.38
01/1957, 3.38
02/1957, 3.38
03/1957, 3.38
04/1957, 3.38
05/1957, 3.38
06/1957, 3.47
07/1957, 3.63
08/1957, 3.63
09/1957, 3.84
10/1957, 3.88
11/1957, 3.84
12/1957, 3.55
01/1958, 3.23
02/1958, 2.20
03/1958, 1.86
04/1958, 1.60
05/1958, 1.38
06/1958, 1.38
07/1958, 1.32
08/1958, 1.50
09/1958, 2.50
10/1958, 2.88
11/1958, 2.75
12/1958, 2.93
01/1959, 3.00
02/1959, 3.00
03/1959, 3.18
04/1959, 3.30
05/1959, 3.38
06/1959, 3.63
07/1959, 3.75
08/1959, 3.80
09/1959, 4.38
10/1959, 4.54
11/1959, 4.25
12/1959, 4.81
01/1960, 4.90
02/1960, 4.37
03/1960, 3.99
04/1960, 3.75
05/1960, 3.88
06/1960, 3.26
07/1960, 2.95
08/1960, 2.89
09/1960, 3.07
10/1960, 3.02
11/1960, 2.95
12/1960, 2.98
01/1961, 2.72
02/1961, 2.66
03/1961, 2.76
04/1961, 2.57
05/1961, 2.50
06/1961, 2.66
07/1961, 2.50
08/1961, 2.50
09/1961, 2.50
10/1961, 2.81
11/1961, 2.70
12/1961, 2.91
01/1962, 3.05
02/1962, 3.00
03/1962, 3.02
04/1962, 3.07
05/1962, 2.94
06/1962, 3.01
07/1962, 3.20
08/1962, 3.13
09/1962, 3.08
10/1962, 3.04
11/1962, 3.10
12/1962, 3.13
01/1963, 3.18
02/1963, 3.13
03/1963, 3.15
04/1963, 3.17
05/1963, 3.13
06/1963, 3.24
07/1963, 3.34
08/1963, 3.48
09/1963, 3.61
10/1963, 3.73
11/1963, 3.75
12/1963, 3.85
01/1964, 3.83
02/1964, 3.76
03/1964, 3.88
04/1964, 3.79
05/1964, 3.76
06/1964, 3.88
07/1964, 3.83
08/1964, 3.75
09/1964, 3.76
10/1964, 3.88
11/1964, 3.88
12/1964, 4.04
01/1965, 4.01
02/1965, 4.09
03/1965, 4.25
04/1965, 4.25
05/1965, 4.25
06/1965, 4.25
07/1965, 4.25
08/1965, 4.25
09/1965, 4.25
10/1965, 4.32
11/1965, 4.38
12/1965, 4.62
01/1966, 4.83
02/1966, 4.88
03/1966, 5.03
04/1966, 5.25
05/1966, 5.38
06/1966, 5.39
07/1966, 5.51
08/1966, 5.63
09/1966, 5.68
10/1966, 5.82
11/1966, 5.88
12/1966, 5.88
01/1967, 5.50
02/1967, 5.18
03/1967, 5.01
04/1967, 4.57
05/1967, 4.41
06/1967, 4.40
07/1967, 4.70
08/1967, 4.75
09/1967, 4.76
10/1967, 4.97
11/1967, 5.16
12/1967, 5.43
01/1968, 5.47
02/1968, 5.25
03/1968, 5.41
04/1968, 5.60
05/1968, 5.98
06/1968, 6.00
07/1968, 5.97
08/1968, 5.73
09/1968, 5.61
10/1968, 5.64
11/1968, 5.75
12/1968, 5.86
01/1969, 6.14
02/1969, 6.33
03/1969, 6.38
04/1969, 6.38
05/1969, 6.51
06/1969, 7.20
07/1969, 7.66
08/1969, 7.72
09/1969, 7.63
10/1969, 7.71
11/1969, 7.75
12/1969, 7.85
01/1970, 8.14
02/1970, 7.95
03/1970, 7.56
04/1970, 7.25
05/1970, 7.46
06/1970, 7.49
07/1970, 7.37
08/1970, 7.22
09/1970, 7.06
10/1970, 6.88
11/1970, 6.34
12/1970, 5.50
01/1971, 5.08
02/1971, 4.37
03/1971, 4.03
04/1971, 4.29
05/1971, 4.69
06/1971, 5.18
07/1971, 5.50
08/1971, 5.45
09/1971, 5.38
10/1971, 5.29
11/1971, 4.81
12/1971, 4.61
01/1972, 3.96
02/1972, 3.78
03/1972, 4.02
04/1972, 4.38
05/1972, 4.38
06/1972, 4.45
07/1972, 4.73
08/1972, 4.58
09/1972, 4.89
10/1972, 5.08
11/1972, 5.13
12/1972, 5.24
01/1973, 5.56
02/1973, 5.91
03/1973, 6.47
04/1973, 6.76
05/1973, 6.94
06/1973, 7.47
07/1973, 8.09
08/1973, 8.77
09/1973, 8.92
10/1973, 7.92
11/1973, 7.96
12/1973, 8.19
01/1974, 7.98
02/1974, 7.49
03/1974, 7.76
04/1974, 8.46
05/1974, 9.13
06/1974, 9.03
07/1974, 9.00
08/1974, 9.33
09/1974, 9.63
10/1974, 9.03
11/1974, 8.50
12/1974, 8.50
01/1975, 7.33
02/1975, 6.24
03/1975, 6.00
04/1975, 5.97
05/1975, 5.75
06/1975, 5.53
07/1975, 6.02
08/1975, 6.39
09/1975, 6.53
10/1975, 6.41
11/1975, 5.80
12/1975, 5.87
01/1976, 5.16
02/1976, 5.07
03/1976, 5.22
04/1976, 5.13
05/1976, 5.38
06/1976, 5.78
07/1976, 5.46
08/1976, 5.35
09/1976, 5.32
10/1976, 5.08
11/1976, 4.92
12/1976, 4.56
01/1977, 4.64
02/1977, 4.75
03/1977, 4.75
04/1977, 4.75
05/1977, 5.14
06/1977, 5.38
07/1977, 5.38
08/1977, 5.67
09/1977, 6.00
10/1977, 6.41
11/1977, 6.49
12/1977, 6.52
01/1978, 6.69
02/1978, 6.74
03/1978, 6.73
04/1978, 6.74
05/1978, 6.98
06/1978, 7.41
07/1978, 7.67
08/1978, 7.65
09/1978, 8.25
10/1978, 8.84
11/1978, 9.83
12/1978, 10.07
01/1979, 10.10
02/1979, 9.85
03/1979, 9.73
04/1979, 9.65
05/1979, 9.77
06/1979, 9.54
07/1979, 9.51
08/1979, 10.09
09/1979, 10.89
10/1979, 12.24
11/1979, 12.52
12/1979, 11.74
01/1980, 11.96
02/1980, 13.04
03/1980, 15.36
04/1980, 14.05
05/1980, 9.09
06/1980, 7.59
07/1980, 8.03
08/1980, 9.08
09/1980, 10.28
10/1980, 11.24
11/1980, 13.14
12/1980, 15.00
01/1981, 14.49
02/1981, 14.45
03/1981, 13.08
04/1981, 13.28
05/1981, 15.56
06/1981, 14.58
07/1981, 15.21
08/1981, 15.88
09/1981, 15.24
10/1981, 14.04
11/1981, 11.80
12/1981, 11.31
01/1982, 12.56
02/1982, 13.59
03/1982, 12.91
04/1982, 13.21
05/1982, 12.75
06/1982, 13.09
07/1982, 12.24
08/1982, 9.62
09/1982, 9.65
10/1982, 8.60
11/1982, 8.39
12/1982, 8.18
01/1983, 7.96
02/1983, 8.24
03/1983, 8.35
04/1983, 8.41
05/1983, 8.19
06/1983, 8.81
07/1983, 9.11
08/1983, 9.41
09/1983, 9.09
10/1983, 8.82
11/1983, 8.87
12/1983, 9.16
01/1984, 9.08
02/1984, 9.14
03/1984, 9.54
04/1984, 9.86
05/1984, 10.16
06/1984, 10.38
07/1984, 10.53
08/1984, 10.60
09/1984, 10.62
10/1984, 9.87
11/1984, 8.83
12/1984, 8.12
01/1985, 7.81
02/1985, 8.25
03/1985, 8.67
04/1985, 8.26
05/1985, 7.71
06/1985, 7.19
07/1985, 7.40
08/1985, 7.56
09/1985, 7.64
10/1985, 7.60
11/1985, 7.58
12/1985, 7.57
01/1986, 7.52
02/1986, 7.47
03/1986, 7.15
04/1986, 6.49
05/1986, 6.46
06/1986, 6.61
07/1986, 6.31
08/1986, 5.94
09/1986, 5.61
10/1986, 5.56
11/1986, 5.67
12/1986, 5.81
01/1987, 5.59
02/1987, 5.88
03/1987, 5.95
04/1987, 6.22
05/1987, 6.74
06/1987, 6.77
07/1987, 6.48
08/1987, 6.49
09/1987, 7.08
10/1987, 7.40
11/1987, 6.91
12/1987, 6.97
01/1988, 6.62
02/1988, 6.39
03/1988, 6.38
04/1988, 6.67
05/1988, 7.00
06/1988, 7.25
07/1988, 7.55
08/1988, 7.95
09/1988, 7.95
10/1988, 8.06
11/1988, 8.20
12/1988, 8.50
01/1989, 8.78
02/1989, 9.11
03/1989, 9.70
04/1989, 9.70
05/1989, 9.27
06/1989, 8.77
07/1989, 8.32
08/1989, 8.20
09/1989, 8.35
10/1989, 8.29
11/1989, 8.07
12/1989, 8.01
01/1990, 7.90
02/1990, 7.97
03/1990, 8.04
04/1990, 8.13
05/1990, 8.12
06/1990, 8.01
07/1990, 7.87
08/1990, 7.69
09/1990, 7.74
10/1990, 7.80
11/1990, 7.75
12/1990, 7.32
01/1991, 6.92
02/1991, 6.38
03/1991, 6.28
04/1991, 5.94
05/1991, 5.81
06/1991, 5.96
07/1991, 5.89
08/1991, 5.56
09/1991, 5.33
10/1991, 5.19
11/1991, 4.87
12/1991, 4.39
01/1992, 3.99
02/1992, 4.02
03/1992, 4.20
04/1992, 3.91
05/1992, 3.77
06/1992, 3.82
07/1992, 3.33
08/1992, 3.27
09/1992, 3.08
10/1992, 3.24
11/1992, 3.59
12/1992, 3.58
01/1993, 3.32
02/1993, 3.27
03/1993, 3.17
04/1993, 3.06
05/1993, 3.07
06/1993, 3.16
07/1993, 3.12
08/1993, 3.13
09/1993, 3.09
10/1993, 3.16
11/1993, 3.25
12/1993, 3.19
01/1994, 3.11
02/1994, 3.40
03/1994, 3.71
04/1994, 3.94
05/1994, 4.44
06/1994, 4.44
07/1994, 4.64
08/1994, 4.73
09/1994, 4.89
10/1994, 5.36
11/1994, 5.67
12/1994, 6.12
01/1995, 6.10
02/1995, 6.04
03/1995, 6.03
04/1995, 6.01
05/1995, 5.91
06/1995, 5.73
07/1995, 5.60
08/1995, 5.64
09/1995, 5.58
10/1995, 5.66
11/1995, 5.59
12/1995, 5.47
01/1996, 5.25
02/1996, 5.00
03/1996, 5.18
04/1996, 5.28
05/1996, 5.29
06/1996, 5.37
07/1996, 5.43
08/1996, 5.31
09/1996, 5.38
10/1996, 5.31
11/1996, 5.29
12/1996, 5.33
01/1997, 5.32
02/1997, 5.28
03/1997, 5.42
04/1997, 5.61
05/1997, 5.61
06/1997, 5.57
07/1997, 5.50
08/1997, 5.49
09/1997, ND
10/1997, ND
11/1997, ND
12/1997, ND
01/1998, ND
02/1998, ND
03/1998, ND
04/1998, ND
05/1998, ND
06/1998, ND
07/1998, ND
08/1998, ND
09/1998, ND
10/1998, ND
11/1998, ND
12/1998, ND
01/1999, ND
02/1999, ND
03/1999, ND
04/1999, ND
05/1999, ND
06/1999, ND
07/1999, ND
08/1999, ND
09/1999, ND
10/1999, ND
11/1999, ND
12/1999, ND
01/2000, ND
02/2000, ND
03/2000, ND
04/2000, ND
05/2000, ND
06/2000, ND
07/2000, ND
08/2000, ND
09/2000, ND
10/2000, ND
11/2000, ND
12/2000, ND
01/2001, ND
02/2001, ND
03/2001, ND
04/2001, ND
05/2001, ND
06/2001, ND
07/2001, ND
08/2001, ND
09/2001, ND
10/2001, ND
11/2001, ND
12/2001, ND
01/2002, ND
02/2002, ND
03/2002, ND
04/2002, ND
05/2002, ND
06/2002, ND
07/2002, ND
08/2002, ND
09/2002, ND
10/2002, ND
11/2002, ND
12/2002, ND
01/2003, ND
02/2003, ND
03/2003, ND
04/2003, ND
05/2003, ND
06/2003, ND
07/2003, ND
08/2003, ND
09/2003, ND
10/2003, ND
11/2003, ND
12/2003, ND
01/2004, ND
02/2004, ND
03/2004, ND
04/2004, ND
05/2004, ND
06/2004, ND
07/2004, ND
08/2004, ND
09/2004, ND
10/2004, ND
11/2004, ND
12/2004, ND
01/2005, ND
02/2005, ND
03/2005, ND
04/2005, ND
05/2005, ND
06/2005, ND
07/2005, ND
08/2005, ND
09/2005, ND
10/2005, ND
11/2005, ND
12/2005, ND
01/2006, ND
02/2006, ND
03/2006, ND
04/2006, ND
05/2006, ND
06/2006, ND
07/2006, ND
08/2006, ND
09/2006, ND
10/2006, ND
11/2006, ND
12/2006, ND
01/2007, ND
02/2007, ND
03/2007, ND
04/2007, ND
05/2007, ND
06/2007, ND
07/2007, ND
08/2007, ND
09/2007, ND
10/2007, ND
11/2007, ND
12/2007, ND
01/2008, ND
02/2008, ND
03/2008, ND
04/2008, ND
05/2008, ND
06/2008, ND
07/2008, ND
08/2008, ND
09/2008, ND
10/2008, ND
11/2008, ND
12/2008, ND