We’ve all heard that the rates available for the finance of Medical Equipment and other assets varies with each bank’s cost of funds. The mix includes the rates paid for deposits locally, the rates paid to other banks locally, and the rates applicable to the international market. The Feds have been sitting on a proposal that the banks make their cost of funds transparent, but after many months of inaction, it appears that nothing will come of it.
So, I’ve started tracking the weekly movement of four rates, and after about three months of data collection, I can report a slight downtrend in all but the 90-day swap rate. The other three are the 5-year swap rate, the 3-year term deposit rate, and the 5-year term deposit rate. I’ll publish the graphs periodically.