Preferred benchmark rate equals 100 basis points plus the largest rate in the set of rates.
Alternative benchmark rate equals the larger of the preferred benchmark rate and the Baa corporate bond yield.
Source: Anderson, Richard G.
Source: Jones, Barry E.
Release: Monetary Services Index (MSI)
Anderson, Richard G. and Jones, Barry E., Real User Cost Index of MSI-M3 (preferred) (DISCONTINUED SERIES) [OCM3P], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/OCM3P/, June 29, 2015.