US Bank Prime Loan Rate (I:BPLR)
Level Chart
Basic Info
|
US Bank Prime Loan Rate is at 7.75%, compared to 7.75% the previous market day and 8.50% last year. This is higher than the long term average of 6.84%. |
|
The US Bank Prime Loan Rate measures the rate at which banks lend to their clients. The prime rate is correlated with the federal funds rate and tends to move along with it. The bank prime loan rate reached as high as 20% in 1981, when the federal reserve was led by Paul Volcker, and the interest rate environment was extremely inflated. Another notable time was 2008 when prime rate went as low as 3.25% during the Great Recession. |
| Report | H.15 Selected Interest Rates |
| Category | Interest Rates |
| Region | United States |
| Source | Federal Reserve |
Stats
| Last Value | 7.75% |
| Latest Period | Nov 19 2024 |
| Last Updated | Nov 20 2024, 16:21 EST |
| Next Release | Nov 21 2024, 16:15 EST |
| Long Term Average | 6.84% |
| Average Growth Rate | 1.39% |
| Value from The Previous Market Day | 7.75% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 8.50% |
| Change from 1 Year Ago | -8.82% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Historical Data
| Date | Value |
|---|---|
| November 19, 2024 | 7.75% |
| November 18, 2024 | 7.75% |
| November 17, 2024 | 7.75% |
| November 16, 2024 | 7.75% |
| November 15, 2024 | 7.75% |
| November 14, 2024 | 7.75% |
| November 13, 2024 | 7.75% |
| November 12, 2024 | 7.75% |
| November 11, 2024 | 7.75% |
| November 10, 2024 | 7.75% |
| November 09, 2024 | 7.75% |
| November 08, 2024 | 7.75% |
| November 07, 2024 | 8.00% |
| November 06, 2024 | 8.00% |
| November 05, 2024 | 8.00% |
| November 04, 2024 | 8.00% |
| November 03, 2024 | 8.00% |
| November 02, 2024 | 8.00% |
| November 01, 2024 | 8.00% |
| October 31, 2024 | 8.00% |
| October 30, 2024 | 8.00% |
| October 29, 2024 | 8.00% |
| October 28, 2024 | 8.00% |
| October 27, 2024 | 8.00% |
| October 26, 2024 | 8.00% |
| Date | Value |
|---|---|
| October 25, 2024 | 8.00% |
| October 24, 2024 | 8.00% |
| October 23, 2024 | 8.00% |
| October 22, 2024 | 8.00% |
| October 21, 2024 | 8.00% |
| October 20, 2024 | 8.00% |
| October 19, 2024 | 8.00% |
| October 18, 2024 | 8.00% |
| October 17, 2024 | 8.00% |
| October 16, 2024 | 8.00% |
| October 15, 2024 | 8.00% |
| October 14, 2024 | 8.00% |
| October 13, 2024 | 8.00% |
| October 12, 2024 | 8.00% |
| October 11, 2024 | 8.00% |
| October 10, 2024 | 8.00% |
| October 09, 2024 | 8.00% |
| October 08, 2024 | 8.00% |
| October 07, 2024 | 8.00% |
| October 06, 2024 | 8.00% |
| October 05, 2024 | 8.00% |
| October 04, 2024 | 8.00% |
| October 03, 2024 | 8.00% |
| October 02, 2024 | 8.00% |
| October 01, 2024 | 8.00% |
News
Basic Info
|
US Bank Prime Loan Rate is at 7.75%, compared to 7.75% the previous market day and 8.50% last year. This is higher than the long term average of 6.84%. |
|
The US Bank Prime Loan Rate measures the rate at which banks lend to their clients. The prime rate is correlated with the federal funds rate and tends to move along with it. The bank prime loan rate reached as high as 20% in 1981, when the federal reserve was led by Paul Volcker, and the interest rate environment was extremely inflated. Another notable time was 2008 when prime rate went as low as 3.25% during the Great Recession. |
| Report | H.15 Selected Interest Rates |
| Category | Interest Rates |
| Region | United States |
| Source | Federal Reserve |
Stats
| Last Value | 7.75% |
| Latest Period | Nov 19 2024 |
| Last Updated | Nov 20 2024, 16:21 EST |
| Next Release | Nov 21 2024, 16:15 EST |
| Long Term Average | 6.84% |
| Average Growth Rate | 1.39% |
| Value from The Previous Market Day | 7.75% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 8.50% |
| Change from 1 Year Ago | -8.82% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |