,Instrument,"CDs (secondary market)" ,Maturity,"3-month" ,Frequency,"Annual" ,Description,"Average rate on 3-month neogtiable certificates of deposit (secondary market), quoted on an investment basis" ,Note,"Annualized using a 360-day year or bank interest." ,Note,"An average of dealer bid rates on nationally traded certificates of deposit." DATE , CDM3 1964, 3.92 1965, 4.36 1966, 5.45 1967, 4.99 1968, 5.82 1969, 7.23 1970, 7.55 1971, 5.00 1972, 4.66 1973, 9.30 1974, 10.29 1975, 6.44 1976, 5.27 1977, 5.63 1978, 8.21 1979, 11.20 1980, 13.02 1981, 15.93 1982, 12.27 1983, 9.07 1984, 10.39 1985, 8.04 1986, 6.51 1987, 6.87 1988, 7.73 1989, 9.09 1990, 8.15 1991, 5.83 1992, 3.68 1993, 3.17 1994, 4.63 1995, 5.92 1996, 5.39 1997, 5.62 1998, 5.47 1999, 5.33 2000, 6.46 2001, 3.71 2002, 1.73 2003, 1.15 2004, 1.57 2005, 3.51 2006, 5.16 2007, 5.27 2008, 2.97