Reported Average Coupon Equivalent Yields from the Auction of 26-Week Treasury Bills: 1987 to Date
These are the average coupon equivalent yields from the auction of 26-week treasury bills from December 1986 to date. The highest rate of interest permissible under RCW 19.52.020(1) is computed by the addition of four percentage points or is 12% per annum, whichever is higher.
The yields shown on the chart are those applied to the month shown, computed on the coupon equivalent for the first market auction average in the month preceding, as specified in the statute.
These limits apply to loans which are made during the designated month. Note: Any loan made pursuant to a commitment to lend at an interest rate permitted when the commitment is made is lawful.
The average coupon equivalent yield from the first November 1997 auction of 26-week treasury bills applicable to the computation of the maximum allowable interest rate for December 1997 is 5.34 percent. According to the state treasurer's office, the maximum allowable interest rate for December 1997 is 12%. Note that when the equivalent bond yield is below 8%, the maximum interest allowable remains at 12%.
Usury Rate Table
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006 |
| Year |
Previous Month's
YIELD |
Current Month's
RATE |
| 1987 |
|
|
| January |
5.690% |
12.00% |
| February |
5.790% |
12.00% |
| March |
5.830% |
12.00% |
| April |
5.760% |
12.00% |
| May |
6.070% |
12.00% |
| June |
6.460% |
12.00% |
| July |
6.400% |
12.00% |
| August |
5.950% |
12.00% |
| September |
6.450% |
12.00% |
| October |
6.660% |
12.00% |
| November |
7.330% |
12.00% |
| December |
6.550% |
12.00% |
| 1988 |
|
|
| January |
6.420% |
12.00% |
| February |
6.670% |
12.00% |
| March |
6.410% |
12.00% |
| April |
6.200% |
12.00% |
| May |
6.210% |
12.00% |
| June |
6.410% |
12.00% |
| July |
7.050% |
12.00% |
| August |
7.040% |
12.00% |
| September |
7.520% |
12.00% |
| October |
7.790% |
12.00% |
| November |
7.860% |
12.00% |
| December |
8.130% |
12.13% |
| 1989 |
|
|
| January |
8.730% |
12.73% |
| February |
8.860% |
12.86% |
| March |
9.040% |
13.04% |
| April |
9.180% |
13.18% |
| May |
9.380% |
13.38% |
| June |
9.160% |
13.16% |
| July |
8.440% |
12.44% |
| August |
8.050% |
12.05% |
| September |
8.120% |
12.12% |
| October |
8.310% |
12.31% |
| November |
8.360% |
12.36% |
| December |
7.890% |
12.00% |
| 1990 |
|
|
| January |
7.690% |
12.00% |
| February |
7.930% |
12.00% |
| March |
8.150% |
12.15% |
| April |
8.220% |
12.22% |
| May |
8.240% |
12.24% |
| June |
8.280% |
12.28% |
| July |
8.030% |
12.03% |
| August |
8.010% |
12.01% |
| September |
7.560% |
12.00% |
| October |
7.750% |
12.00% |
| November |
7.590% |
12.00% |
| December |
7.410% |
12.00% |
| 1991 |
|
|
| January |
7.310% |
12.00% |
| February |
6.920% |
12.00% |
| March |
6.910% |
12.00% |
| April |
6.360% |
12.00% |
| May |
6.060% |
12.00% |
| June |
5.870% |
12.00% |
| July |
5.980% |
12.00% |
| August |
5.980% |
12.00% |
| September |
5.850% |
12.00% |
| October |
5.630% |
12.00% |
| November |
5.300% |
12.00% |
| December |
5.000% |
12.00% |
| 1992 |
|
|
| January |
4.560% |
12.00% |
| February |
4.000% |
12.00% |
| March |
4.080% |
12.00% |
| April |
4.280% |
12.00% |
| May |
4.160% |
12.00% |
| June |
3.910% |
12.00% |
| July |
3.840% |
12.00% |
| August |
3.420% |
12.00% |
| September |
3.400% |
12.00% |
| October |
3.000% |
12.00% |
| November |
2.860% |
12.00% |
| December |
3.370% |
12.00% |
| 1993 |
|
|
| January |
3.570% |
12.00% |
| February |
3.380% |
12.00% |
| March |
3.190% |
12.00% |
| April |
3.140% |
12.00% |
| May |
3.130% |
12.00% |
| June |
3.070% |
12.00% |
| July |
3.320% |
12.00% |
| August |
3.320% |
12.00% |
| September |
3.350% |
12.00% |
| October |
3.120% |
12.00% |
| November |
3.170% |
12.00% |
| December |
3.350% |
12.00% |
| 1994 |
|
|
| January |
3.370% |
12.00% |
| February |
3.390% |
12.00% |
| March |
3.510% |
12.00% |
| April |
3.880% |
12.00% |
| May |
4.160% |
12.00% |
| June |
4.570% |
12.00% |
| July |
4.700% |
12.00% |
| August |
4.920% |
12.00% |
| September |
4.930% |
12.00% |
| October |
5.080% |
12.00% |
| November |
5.610% |
12.00% |
| December |
5.930% |
12.00% |
| 1995 |
|
|
| January |
6.630% |
12.00% |
| February |
6.730% |
12.00% |
| March |
6.380% |
12.00% |
| April |
6.290% |
12.00% |
| May |
6.180% |
12.00% |
| June |
6.120% |
12.00% |
| July |
5.590% |
12.00% |
| August |
5.710% |
12.00% |
| September |
5.640% |
12.00% |
| October |
5.540% |
12.00% |
| November |
5.620% |
12.00% |
| December |
5.530% |
12.00% |
| 1996 |
|
|
| January |
5.420% |
12.00% |
| February |
5.250% |
12.00% |
| March |
4.990% |
12.00% |
| April |
5.000% |
12.00% |
| May |
5.260% |
12.00% |
| June |
5.350% |
12.00% |
| July |
5.430% |
12.00% |
| August |
5.430% |
12.00% |
| September |
5.34% |
12.00% |
| October |
5.610% |
12.00% |
| November |
5.280% |
12.00% |
| December |
5.290% |
12.00% |
| 1997 |
| |
| January |
5.240% |
12.00% |
| February |
5.320% |
12.00% |
| March |
5.000% |
12.00% |
| April |
5.400% |
12.00% |
| May |
5.520% |
12.00% |
| June |
5.600% |
12.00% |
| July |
5.060% |
12.00% |
| August |
5.120% |
12.00% |
| September |
5.410% |
12.00% |
| October |
5.350% |
12.00% |
| November |
5.210% |
12.00% |
| December |
5.340% |
12.00% |
| 1998 |
|
|
| January |
5.408% |
12.00% |
| February |
5.339% |
12.00% |
| March |
5.296% |
12.00% |
| April |
5.334% |
12.00% |
| May |
5.201% |
12.00% |
| June |
5.318% |
12.00% |
| July |
5.077% |
12.00% |
| August |
5.212% |
12.00% |
| September |
5.233% |
12.00% |
| October |
4.978% |
12.00% |
| November |
4.335% |
12.00% |
| December |
4.520% |
12.00% |
| 1999 |
|
|
| January |
4.537% |
12.00% |
| February |
4.585% |
12.00% |
| March |
4.551% |
12.00% |
| April |
4.772% |
12.00% |
| May |
4.517% |
12.00% |
| June |
4.675% |
12.00% |
| July |
4.958% |
12.00% |
| August |
4.776% |
12.00% |
| September |
4.947% |
12.00% |
| October |
5.161% |
12.00% |
| November |
5.076% |
12.00% |
| December |
5.311% |
12.00% |
| 2000 |
|
|
| January |
5.525% |
12.00% |
| February |
5.844% |
12.00% |
| March |
6.042% |
12.00% |
| April |
6.085% |
12.00% |
| May |
6.166% |
12.00% |
| June |
6.203% |
12.00% |
| July |
6.318% |
12.00% |
| August |
6.247% |
12.00% |
| September |
6.339% |
12.00% |
| October |
6.305% |
12.00% |
| November |
6.318% |
12.00% |
| December |
6.386% |
12.00% |
| 2001 |
|
|
| January |
6.100% |
12.00% |
| February |
5.586% |
12.00% |
| March |
4.940% |
12.00% |
| April |
4.700% |
12.00% |
| May |
3.945% |
12.00% |
| June |
3.738% |
12.00% |
| July |
3.634% |
12.00% |
| August |
3.612% |
12.00% |
| September |
3.456% |
12.00% |
| October |
3.412% |
12.00% |
| November |
2.384% |
12.00% |
| December |
1.966% |
12.00% |
| 2002 |
|
|
| January |
1.805% |
12.00% |
| February |
1.791% |
12.00% |
| March |
Not published in Bar News |
|
| April |
Not published in Bar News |
|
| May |
Not published in Bar News |
|
| June |
1.893% |
12.00% |
| July |
1.919% |
12.00% |
| August |
1.770% |
12.00% |
| September |
1.589% |
12.00% |
| October |
1.615% |
12.00% |
| November |
1.562% |
12.00% |
| December |
1.424% |
12.00% |
| 2003 |
|
|
| January |
1.316% |
12.00% |
| February |
1.265% |
12.00% |
| March |
1.209% |
12.00% |
| April |
1.196% |
12.00% |
| May |
1.160% |
12.00% |
| June |
1.155% |
12.00% |
| July |
0.960% |
12.00% |
| August |
1.047% |
12.00% |
| September |
1.063% |
12.00% |
| October |
1.017% |
12.00% |
| November |
1.047% |
12.00% |
| December |
1.053% |
12.00% |
| 2004 |
|
|
| January |
0.939% |
12.00% |
| February |
1.023% |
12.00% |
| March |
1.023% |
12.00% |
| April |
1.008% |
12.00% |
| May |
1.005% |
12.00% |
| June |
1.198% |
12.00% |
| July |
1.666% |
12.00% |
| August |
1.198% |
12.00% |
| September |
1.774% |
12.00% |
| October |
1.903% |
12.00% |
| November |
2.038% |
12.00% |
| December |
2.442% |
12.00% |
| 2005 |
|
|
| January |
2.630% |
12.00% |
| February |
2.786% |
12.00% |
| March |
3.021% |
12.00% |
| April |
3.125% |
12.00% |
| May |
3.177% |
12.00% |
| June |
3.151% |
12.00% |
| July |
3.429% |
12.00% |
| August |
3.718% |
12.00% |
| September |
3.686% |
12.00% |
| October |
4.002% |
12.00% |
| November |
4.303% |
12.00% |
| December |
4.335% |
12.00% |
| 2006 |
|
|
| January |
4.42% |
12.00% |
| February |
4.669% |
12.00% |
| March |
4.775% |
12.00% |
| April |
4.849% |
12.00% |
| May |
4.966% |
12.00% |
| June |
5.004% |
12.00% |
| July |
5.297% |
12.00% |
| August |
5.190% |
12.00% |
| September |
5.116% |
12.00% |
| October |
5.014% |
12.00% |
| November |
5.18% |
12.00% |
| December |
5.03% |
12.00% |
| 2007 |
|
|
| January |
5.094% |
12.00% |
| February |
5.153% |
12.00% |
| March |
5.06% |
12.00% |
| April |
5.06% |
12.00% |
| May |
5.076% |
12.00% |
| June |
5.017% |
12.00% |
| July |
4.991% |
12.00% |
| August |
5.012% |
12.00% |
| September |
4.927% |
12.00% |
| October |
4.554% |
12.00% |
| November |
4.151% |
12.00% |
| December |
3.918% |
12.00% |
| 2008 |
|
|
| January |
3.275% |
12.00% |
| February |
2.22% |
12.00% |
| March |
1.852% |
12.00% |
| April |
1.635% |
12.00% |
|
