| Type |
1980 |
1985 |
1990 |
1995 |
2000 |
2001 |
2002 |
| Federal funds, effective rate |
13.35% |
8.10% |
8.10% |
5.83% |
6.24% |
3.88% |
1.67% |
| Prime rate charged by banks |
15.26 |
9.93 |
10.01 |
8.83 |
9.23 |
6.91 |
4.67 |
| Discount rate1 |
11.77 |
7.69 |
6.98 |
5.21 |
5.73 |
3.40 |
1.17 |
| Eurodollar deposits, 3-month |
14.00 |
8.27 |
8.16 |
5.93 |
6.45 |
3.70 |
1.73 |
| Large negotiable CDs: |
|
|
|
|
|
|
|
| 3-month, secondary market |
13.07 |
8.05 |
8.15 |
5.92 |
6.35 |
3.71 |
1.73 |
| 6-month, secondary market |
12.94 |
8.24 |
8.17 |
5.98 |
6.46 |
3.66 |
1.81 |
| Taxable money market funds2 |
12.68 |
7.71 |
7.82 |
5.48 |
5.89 |
3.67 |
1.29 |
| Tax-exempt money market funds2 |
n.a. |
4.90 |
5.45 |
3.39 |
3.54 |
2.24 |
0.94 |
| Certificates of deposits (CDs):3 |
|
|
|
|
|
|
|
| 6-month |
n.a. |
8.05 |
7.79 |
4.92 |
5.09 |
3.43 |
1.67 |
| 1-year |
n.a. |
8.53 |
7.92 |
5.39 |
5.46 |
3.60 |
1.98 |
| 21/2-year |
n.a. |
9.32 |
7.96 |
5.69 |
5.64 |
3.97 |
2.74 |
| 5-year |
n.a. |
9.99 |
8.06 |
6.00 |
5.97 |
4.58 |
3.96 |
| U.S. Government securities: |
|
|
|
|
|
|
|
| Secondary market:4 |
|
|
|
|
|
|
|
| 3-month Treasury bill |
11.39 |
7.47 |
7.50 |
5.49 |
5.82 |
3.40 |
1.61 |
| 6-month Treasury bill |
11.32 |
7.65 |
7.46 |
5.56 |
5.90 |
3.34 |
1.68 |
| 1-year Treasury bill |
10.85 |
7.81 |
7.35 |
5.60 |
5.78 |
3.84 |
1.62 |
| Home mortgages: |
|
|
|
|
|
|
|
| New-home mortgage yields5 |
12.70 |
11.60 |
10.05 |
7.87 |
7.52 |
7.00 |
6.43 |
| Conventional, 15-yr. fixed3 |
n.a. |
11.48 |
9.73 |
7.39 |
7.76 |
6.53 |
6.02 |
| Conventional, 30-yr. fixed3 |
n.a. |
11.85 |
9.97 |
7.86 |
8.08 |
7.01 |
6.56 |
NOTE: n.a. = not available.
1. Rate for the Federal Reserve Bank of
New York.
2. 12-month return for period ending Dec.
31.
Source: iMoneyNet, Inc., Westborough, Mass.,
Money Market
Insight, monthly. Web:
www.imoneynet.com .
3. Annual averages. Source:
Bankrate, Inc., North Palm Beach, Fla., Bank Rate Monitor,
weekly.
4. Averages based on daily closing bid
yields in secondary market, bank discount basis.
5. Effective rate (in the primary market)
on conventional mortgages, reflecting fees and charges as well as
contract rate and assumed, on the average, repayment at end of ten
years. Source: U.S. Federal Housing Finance Board, Rates &
Terms on Conventional Home Mortgages, Annual Summary.
Source: Except as noted, Board of Governors
of the Federal Reserve System, Federal Reserve Bulletin, monthly.
From Statistical Abstract of the United States: 2003.
Information Please® Database, © 2007 Pearson
Education, Inc. All rights reserved.
