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Prime rate, or Prime Lending Rate, is a term applied in many countries to a reference interest rate used by banks. The term originally indicated the rate of interest at which banks lent to favored customers, i.e., those with high credibility, though this is no longer always the case. Some variable interest rates may be expressed as a percentage above or below prime rate. Use in different banking systemsUSA and CanadaHistorically,in North America banking, the prime rate was the actual interest rate although this is no longer the case. The prime rate varies little among banks, and adjustments are generally made by banks at the same time, although this does not happen with frequency. The prime rate is currently 3.25% in the United States. Canadian prime rate is currently 2.25%. OverviewHistorical chart of the effective Federal Funds RateIn the US, the prime rate runs approximately 300 basis points (or 3 percentage points) above the federal funds rate, the interest rate that banks charge to each other for overnight loans made to fulfill reserve funding requirements. The Federal funds rate plus a much smaller increment is frequently used for lending to the most creditworthy borrowers today, as is LIBOR, the London Interbank Offered Rate. The Federal Open Market Committee (FOMC) meets eight times per year wherein they set a target for the federal funds rate. Other rates, including the prime rate, derive from this base rate. When 23 out of 30 of the United States' largest banks change their prime rate, the WSJ prints a composite prime rate change. From Wikipedia under the
GNU Free Documentation License  thehorrorgeek.com Mike B. Mon, 29 Jun 2009 14:14:11 GM The spatial iconography seems to indicate that the car is representative of the sub-. prime rate. mortgages while Myers represents the US economy. Or, if one probes deeper, you could argue that perhaps the car represents the Iranian people ...  wsjprimerate.us FedPrimeRate.com Sat, 28 Mar 2009 01:57:00 GM prime rate. forecast The Dow Jones Industrial Average (DJIA) advanced by 497.80 points this week (6.839%) while the broader S&P 500 Index gained 47.40 points (6.168%.) It was the third straight week of gains for the two indices since ...  subprimeblogger.com admin Fri, 29 May 2009 20:24:02 GM When attempting to make interest . rate. predictions one must first look at the . prime rate. as well as the ten year treasury yield. When the . prime rate. is low and ten year treasury yield is in a downward trend, it is almost inevitable that ... From Google Blog Search: "prime rate"
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 news.google.com Trinidad & Tobago Express In what it described yesterday as an "unprecedented" move, Republic Bank Ltd announced a decision to slash its prime lending rate by 125 basis points to 11 ... Republic Bank reduces Prime Lending Rate to 11 percent Power102fm Trinidad & Tobago all 3 news articles » news.google.com Reuters Russia's mortality rate in people aged 15-54 years was more than five times higher for men and three times higher for women than in Western Europe, ... and more » news.google.com Wall Street Journal Barclays has historically had a strong prime brokerage business in commodities, foreign exchange and interest rate products, but its acquisition of Lehman ... and more » From Google News Search: "prime rate"  mrloan.info 266px x 520px | 4.10kB [source page] reported below are based upon the prime rates on the first day of each respective month Historical Graph Historical Chart  tanser.org 671px x 700px | 279.60kB [source page] Two days to go till Sunday s prime time race Prize money medals free running shoes foods great raffle prizes dancers and so much more Come out to support Achilles 06 20 attempt at naming the world s top ten sportsmen I mean Haile Gebrselassie does not make the top ten but Jeremy Wariner is number five Let s urm see from the barstool we have Wariner with an Olympic gold medal Seeking his first world record Then we have Geb 24 world records and counting with two Olympic Gold at the top of his game since first being a world champion in 1993 to being one of the absolute world s best runners in 2008 Knock knock on the frigging door Geb who has run a top five time for the indoor metric mile and holds the two fastest times ever for the 26 2 mile marathon pretty dimension but of course from a bar room stool I mean running for over 2 hours at 90 of your max heart rate is something very few sports people can dream of and I don t pretend to say that the ultimate sportspe… From Yahoo Image Search: "prime rate" |
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