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#748266 - 06/06/07 08:13 PM Variable Rate Loans and Index Rates
JoAnne Offline
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Joined: Feb 2001
Posts: 795
Michigan
Does anyone know of a good source for the various index rates (13 week T-bill, 26 Week T-bill, etc). I used to keep track of these on a weekly basis but we stopped our subscription to the Wall Street Journal a couple of years ago and I stopped tracking the rates.

i am doing an audit of Regulation Z and one of my steps is for variable rate loans. I not only want to verify that the correct index is being used, but that the rates on the system are correct.
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#748295 - 06/06/07 08:26 PM Re: Variable Rate Loans and Index Rates JoAnne
MaryRink Offline
Gold Star
Joined: Jul 2003
Posts: 306
Northern MN
I use the FRB H.15 release on the Federal Reserve Bank website. It lists many indexes. Federalreserve.gov/releases/h15 is the site.

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#748311 - 06/06/07 08:35 PM Re: Variable Rate Loans and Index Rates MaryRink
JoAnne Offline
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Joined: Feb 2001
Posts: 795
Michigan
Thank you. I had completely forgotten about that.
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#748349 - 06/06/07 09:08 PM Re: Variable Rate Loans and Index Rates JoAnne
MN Banker Offline
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Joined: Aug 2006
Posts: 980
I know you didn't ask for these, but here is the WSJ prime rates just in case

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#748481 - 06/07/07 01:43 AM Re: Variable Rate Loans and Index Rates MN Banker
JoAnne Offline
Platinum Poster
Joined: Feb 2001
Posts: 795
Michigan
Thank you. That helps too.
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#851414 - 11/08/07 04:16 PM Re: Variable Rate Loans and Index Rates JoAnne
Queen Mum Offline
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Queen Mum
Joined: Mar 2001
Posts: 3,920
OK
I have also set up my own Excel spreadsheet that lists the date each time the rate changes, the new rate and how many days since the last time it changed. That way, if I have to go back and hand calculate a loan that has had many advances and payments it is easy to do so.

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