Chart
2
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Net interest margins have become less sensitive to changes in the yield curve spread over the past 10 years. | ||
Date (YYYYMM) | Median net interest margin for all insured institutions (percent) | Yield curve spread: 10-year Treasury yield minus effective federal funds rate (basis points) |
---|---|---|
198403 | 4.16 | 225.667 |
198406 | 4.4 | 264.333 |
198409 | 4.39 | 147.667 |
198412 | 4.25 | 247.667 |
198503 | 4.31 | 310.667 |
198506 | 4.49 | 289 |
198509 | 4.55 | |
198512 | 4.44 | 165.667 |
198603 | 4.3 | 73 |
198606 | 4.26 | 68.333 |
198609 | 4.17 | 110 |
198612 | 4.11 | 99.667 |
198703 | 4.06 | 97.333 |
198706 | 4.14 | 169.333 |
198709 | 4.17 | 203.333 |
198712 | 4.16 | 220.667 |
198803 | 4.04 | 175.333 |
198806 | 4.1 | 175.333 |
198809 | 4.23 | 111.667 |
198812 | 4.22 | 48.667 |
198903 | 4.23 | -23.333 |
198906 | 4.26 | -95.333 |
198909 | 4.18 | -97.667 |
198912 | 4.16 | -70.667 |
199003 | 4.09 | 17.333 |
199006 | 4.18 | 43.333 |
199009 | 4.2 | 54.333 |
199012 | 4.2 | 65.333 |
199103 | 4.09 | 159 |
199106 | 4.2 | 226.667 |
199109 | 4.33 | 229.667 |
199112 | 4.31 | 253 |
199203 | 4.39 | 328 |
199206 | 4.52 | 360.667 |
199209 | 4.62 | 336 |
199212 | 4.63 | 370.667 |
199303 | 4.52 | 324 |
199306 | 4.58 | 299 |
199309 | 4.56 | 255.667 |
199312 | 4.48 | 261.667 |
199403 | 4.35 | 285.333 |
199406 | 4.5 | 314.333 |
199409 | 4.61 | 284.667 |
199412 | 4.61 | 267 |
199503 | 4.52 | 167.333 |
199506 | 4.48 | 60 |
199509 | 4.46 | 52.667 |
199512 | 4.46 | 17.333 |
199603 | 4.35 | 54.667 |
199606 | 4.43 | 147.667 |
199609 | 4.49 | 147.333 |
199612 | 4.48 | 106.333 |
199703 | 4.38 | 128.667 |
199706 | 4.48 | 117.333 |
199709 | 4.49 | 71 |
199712 | 4.45 | 40 |
199803 | 4.325 | 6.667 |
199806 | 4.35 | 9.667 |
199809 | 4.35 | -33 |
199812 | 4.25 | -19 |
199903 | 4.13 | 25 |
199906 | 4.23 | 79.333 |
199909 | 4.32 | 79 |
199912 | 4.33 | 83.333 |
200003 | 4.28 | 80.333 |
200006 | 4.34 | -9.667 |
200009 | 4.28 | -62.667 |
200012 | 4.2 | -90.667 |
200103 | 4.06 | -54.333 |
200106 | 4.05 | 94.333 |
200109 | 4.09 | 148.333 |
200112 | 4.12 | 263.667 |
200203 | 4.12 | 334.333 |
200206 | 4.25 | 335 |
200209 | 4.26 | 252 |
200212 | 4.16 | 256.333 |
200303 | 4 | 267 |
200306 | 3.99 | 237.333 |
200309 | 4 | 321.667 |
200312 | 4.02 | 329 |
200403 | 3.96 | 301.667 |
200406 | 3.99 | 359 |
200409 | 4.07 | 287 |
200412 | 4.09 | 222.333 |
200503 | 4.03 | 182.667 |
200506 | 4.1 | 121.667 |
200509 | 4.14 | 75.333 |
Source: FDIC
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