Prime Rate
(as of May 1, 2008)
| 02/01/1996 8.25% |
03/26/1997 8.50% |
09/30/1998 8.25% |
10/16/1998 8.00% |
11/18/1998 7.75% |
07/01/1999 8.00% |
08/25/1999 8.25% |
| 11/17/1999 8.50% |
02/03/2000 8.75% |
03/22/2000 9.00% |
05/17/2000 9.50% |
01/04/2001 9.00% |
02/01/2001 8.50% |
03/21/2001 8.00% |
| 04/19/2001 7.50% |
05/16/2001 7.00% |
06/28/2001 6.75% |
08/22/2001 6.50% |
09/18/2001 6.00% |
10/03/2001 5.50% |
11/07/2001 5.00% |
| 12/12/2001 4.75% |
11/07/2002 4.25% |
06/27/2003 4.00% |
07/01/2004 4.25% |
08/11/2004 4.50% |
09/21/2004 4.75% |
11/10/2004 5.00% |
| 12/15/2004 5.25% |
02/02/2005 5.50% |
03/22/2005 5.75% |
05/03/2005 6.00% |
06/30/2005 6.25% |
08/09/2005 6.50% |
09/20/2005 6.75% |
| 11/01/2005 7.00% |
12/13/2005 7.25% |
01/31/2006 7.50% |
03/28/2006 7.75% |
05/10/2006 8.00% |
06/29/2006 8.25% |
09/19/2007 7.75% |
| 10/31/2007 7.50% |
12/11/2007 7.25% |
01/22/2008 6.50% |
01/30/2008 6.00% |
03/18/2008 5.25% |
04/30/2008 5.00% |
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Note: Rates were taken from the various news sources. The Economic Research webpage of the Federal Reserve Bank of St. Louis has historical data on the Prime Rate that goes back to 1929. Their website is: http://research.stlouisfed.org/fred2/series/PRIME and click on "View Data." |
| Scheduled meetings of the Federal Open Market Committee (discount rate decisions that affect prime rate) are: In 2007: January 30-31, March 20-21, May 9, June 27-28, August 7, September 18, October 30-31, December 11 In 2008: January 29-30, March 18, April 29-30, June 24-25, August 5, September 16, October 28-29, December 16 In 2009: January 27-28 (only meeting scheduled so far) Check their website for the latest information (and past meetings back to 1996): Federal Open Market Committee Meetings. |