Wall Street Journal prime rate
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- This article deals with the Wall Street Journal Prime Rate. Also see Prime rate.
The
Wall Street Journal Prime Rate (WSJ Prime Rate) is defined by The
Wall Street Journal (WSJ) as "The base rate on corporate loans posted by at least 75% of the nation's 30 largest banks." It is not the 'best' rate offered by banks. It should not be confused with the
Federal Funds Rate set by the
Federal Reserve. The current rate is
8.25% (as of 6/29/2006).
The print edition of the WSJ is generally the official source of the prime rate. Many (if not most) lenders specify this as their source of this index.
The prime rate does not change at regular intervals. It changes only when the nation's "largest banks" decide on the need to raise, or lower, their "base rate." The prime rate may not change for years, but it has also changed several times in a single year.
Historical data for the
| 1990-1999 |
| Date of Change |
Prime Rate |
| 2-Jan-91 |
9.50% |
| 1-Feb-91 |
9.00-9.50 |
| 5-Feb-91 |
9.00 |
| 21-Feb-91 |
8.75-9.00 (BofA) |
| 24-Apr-91 |
9.00 |
| 1-May-91 |
8.50 |
| 13-Sep-91 |
8.00 |
| 6-Nov-91 |
7.50 |
| 23-Dec-91 |
6.50 |
| |
|
| 02-Jul-92 |
6.00% |
| |
|
| 24-Mar-94 |
6.25% |
| 19-Apr-94 |
6.75 |
| 18-May-94 |
7.25 |
| 16-Aug-94 |
7.75 |
| 15-Nov-94 |
8.50 |
| |
|
| 1-Feb-95 |
9.00% |
| 7-Jul-95 |
8.75% |
| 20-Dec-95 |
8.50% |
| |
|
| 31-Jan-96 |
8.25% |
| |
|
| 27-Mar-97 |
8.50% |
| |
|
| 30-Sep-98 |
8.25% |
| 16-Oct-98 |
8.00% |
18-Nov-98 |
7.75% |
| |
|
| 01-Jul-99 |
8.00% |
| 25-Aug-99 |
8.25% |
| 17-Nov-99 |
8.50% |
|
|
| 2000-pres |
| Date of Change |
Prime Rate |
| 03-Feb-00 |
8.75% |
| 22-Mar-00 |
9.00% |
| 17-May-00 |
9.50% |
| |
|
| 04-Jan-01 |
9.00% |
| 01-Feb-01 |
8.50% |
| 21-Mar-01 |
8.00% |
| 19-Apr-01 |
7.50% |
16-May-01 |
7.00% |
| 28-Jun-01 |
6.75% |
| 22-Aug-01 |
6.50% |
| 18-Sep-01 |
6.00% |
| 03-Oct-01 |
5.50% |
07-Nov-01 |
5.00% |
| 12-Dec-01 |
4.75% |
| |
|
| 07-Nov-02 |
4.25% |
| |
|
| 27-Jun-03 |
4.00% |
| |
|
| 01-Jul-04 |
4.25% |
| 11-Aug-04 |
4.50% |
| 22-Sep-04 |
4.75% |
| 10-Nov-04 |
5.00% |
| 14-Dec-04 |
5.25% |
| |
|
| 02-Feb-05 |
5.50% |
| 22-Mar-05 |
5.75% |
| 03-May-05 |
6.00% |
| 30-Jun-05 |
6.25% |
| 09-Aug-05 |
6.50% |
| 20-Sep-05 |
6.75% |
| 01-Nov-05 |
7.00% |
| 13-Dec-05 |
7.25% |
| |
|
| 31-Jan-06 |
7.50% |
| 28-Mar-06 |
7.75% |
| 10-May-06 |
8.00% |
|
Source
- Various editions of the Wall Street Journal
External links
See also
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