Bank stocks rose because of the higher interest rates banks can now charge for loans.
This rate, which financial institutions charge each other for overnight loans, was between 8.20 and 8.30 percent.
In any case, the funds rate, which banks charge each other for temporary loans, was 8 1/4 percent at the close.
More than 70 percent said they were charging more interest for loans.
Third, Federal funds, the interest that banks charge each other for overnight loans, continues high.
Banks have found it hard to charge more for loans when interest rates are near rock bottom.
The rate is what banks charge each other for temporary loans.
The rate is the interest banks charge each other for overnight loans.
This is the rate that banks charge each other for overnight loans of federal funds.
Banks followed by raising the rates they charge for loans.