Organization responsible for index calculation:Board of Governors of the Federal Reserve System (US) and Federal Reserve Bank of New York
Index group description
Bank Prime Loan Rate is the Rate posted by a majority of top 25 (by assets in domestic offices) insured U.S.-chartered commercial banks. Prime is one of several base rates used by banks to price short-term business loans. The effective federal funds rate (EFFR) is calculated as a volume-weighted median of overnight federal funds transactions reported in the FR 2420 Report of Selected Money Market Rates.
Indices included in the group
Federal Funds Effective Rate US
US Prime Rate