LIBOR Index

The London Interbank Offered Rate (LIBOR) is the interest rate that the most credit-worthy banks around the world charge each other for unsecured loans ranging from twenty-four hours to five years. It is the world's most widely used benchmark for short-term interest rates.

The following chart compares past and current 3-month LIBOR rates to the 3-month US Treasury rate.

	Historical Rate Comparison
Rate	Quarter Ends

Historical rate information from www.federalreserve.gov