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 | Dec 19 2024 |
| Last Updated | Dec 20 2024, 19:08 EST |
| Next Release | Dec 23 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 |
|---|---|
| December 19, 2024 | 7.75% |
| December 18, 2024 | 7.75% |
| December 17, 2024 | 7.75% |
| December 16, 2024 | 7.75% |
| December 15, 2024 | 7.75% |
| December 14, 2024 | 7.75% |
| December 13, 2024 | 7.75% |
| December 12, 2024 | 7.75% |
| December 11, 2024 | 7.75% |
| December 10, 2024 | 7.75% |
| December 09, 2024 | 7.75% |
| December 08, 2024 | 7.75% |
| December 07, 2024 | 7.75% |
| December 06, 2024 | 7.75% |
| December 05, 2024 | 7.75% |
| December 04, 2024 | 7.75% |
| December 03, 2024 | 7.75% |
| December 02, 2024 | 7.75% |
| December 01, 2024 | 7.75% |
| November 30, 2024 | 7.75% |
| November 29, 2024 | 7.75% |
| November 28, 2024 | 7.75% |
| November 27, 2024 | 7.75% |
| November 26, 2024 | 7.75% |
| November 25, 2024 | 7.75% |
| Date | Value |
|---|---|
| November 24, 2024 | 7.75% |
| November 23, 2024 | 7.75% |
| November 22, 2024 | 7.75% |
| November 21, 2024 | 7.75% |
| November 20, 2024 | 7.75% |
| 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% |
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 | Dec 19 2024 |
| Last Updated | Dec 20 2024, 19:08 EST |
| Next Release | Dec 23 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 |