01
The bank prime loan rate reported in the Federal Reserve H.15 release is the rate posted by a majority of the 25 largest U.S.-chartered commercial banks by assets in domestic offices.
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02
The prime rate is one of several base rates banks use to price short-term business loans and other variable-rate credit products.
supported03
The Federal Reserve does not directly set the prime rate; banks post it, although it often changes in response to changes in monetary-policy and short-term funding conditions.
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