Full text of G.13 Selected Interest Rates : April 3, 1990

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FEDERAL RESERVE statistical release
These data are scheduled for release on the first Tuesday of each month. The availability of the release will be announced
w h e n the information is available, on (202) 452-3206.

G. 1 3

(415)

For

SELECTED INTEREST RATES
Yields

in p e r c e n t

per

Instruments
FUNDS

(EFFECTIVE)

1 2 3

COMMERCIAL PAPER 3 4 *
1-MONTH
3-MONTH
6-MONTH
FINANCE PAPER PLACED DIRECTLY 3
1 -MONTH
3 -MONTH
6 -MONTH
B A N K E R S ACCE P T A N C E S (TOP RATED)
3-MONTH
6-MONTH
CDS (SECONDARY MARKET)3 8
1-MONTH
3 -MONTH
6-MONTH
EURODOLLAR DEPOSITS (LONDON)3
1-MONTH
3-MONTH
6 -MONTH
B A M C P R I M E L O A N 2 3 10

<

AAA
BAA
A - U T I L I T Y 15
S T A T E & L O C A L B O N D S 16
CONVENTIONAL MORTGAGES

See




MAR
30

FEB

MAR

8.27

8.27

8.26

8.24

8.28

8.29

8.35

8.21
8.12

8.31
8.29

8.35
8.32
8.29

8.35
8.30
8.27

8.22
8.14
8.04

8.32
8.28
8.23

8.15
7.97
7.49

8.19
7.99
7.33

8.26
8.05
7.52

8.25
8.08
7.61

8.25
8.08
7.52

8.13
7.97
7.40

8.23
8.04
7.49

8.06
7.96

8.10
8.01

8.19
8.18

8.18
8.16

8.18
8.15

8.03
7.91

8.15
8.11

8.22
8.25
8.29

8.26
8.29
8.36

8.34
8.42
8.57

8.32
8.38
8.55

8.31
8.35
8.52

8.19
8.22
8.26

8.30
8.35
8.48

8.24
8.26
8.33
10.00
7.00

8.25
8.31
8.44
10.00
7.00

8.33
8.44
8.63
10.00
7.00

8.31
8.38
8 56
If . 00
. .00

8.29
8.38
8.56
10.00
7.00

8.19
8.24
8.30
10.00
7.00

8.29
8.37
8.53
10.00
7.00

7.72
7.70

7.85
7.79

7.96
7.89
7.76

7.97
7.92

7.85
7.83

7.76
7.72
7.42

7.87
7.83
7.76

7.98
8.12

8.12
8.22

8.24
8.33

8.25
8.36

8.12
8.26

8.03*
8.15*

8.14
8.26

7.76
7.72
7.58

7.91
7.83
7.76

7.96
7.88
7.81

7.93
7.87
7.76

7.85
7.84
7.75

7.74
7.70
7.55

7.90
7.85
7.76

8.14
8.43
8.44
8.44
8.53
8.50
8.53

8.34
8.59
8.60
8.59
8.66
8.61
8.60

8.42
8.70
8.70
8.68
8.71
8.65
8.63

8.35
8.66
8.63
8.60
8.62
8.55
8.49

8.34
8.61
8.63
8.57
8.62
8.56
8.53

8.11
8.37
8.39
8.42
8.48
8.47
8.50

8.35
8.63
8.63
8.60
8.65
8.59
8.56

8.69

8.77

8.81

8.67

8.71

8.66

8.74

9.26
10.20

9.35
10.24
10.00
7.25

9.40
10.22
9.92
7.32
10.34

9.39
10.17
9.82
7.31
10.26

9.37
10.20

9.22
10.14

9.37
10.21

9.98
7.33
10.22

9.84
7.22
10.20

9.92
7.29
10.27

MAR
9

8.27

8.28

8.23
8.17
8.07

3 4 7

9

9.91
17

7.25
10.23

Revised.
overleaf

Ending
MAR
16

MAR
23

MAR
2

6

D I S C O U N T W I N D O W B O R R O W I N G 2 11
U.S. G O V E R N M E N T S E C U R I T I E S
TREASURY BILLS
A U C T I O N A V E R A G E 3 4 12
3 -MONTH
6 -MONTH
1-YEAR
A U C T I O N A V E R A G E ! I N V E S T M E N T ) 12
3-MONTH
6 -MONTH
SECONDARY MARKET 3 4
3 -MONTH
6 -MONTH
1-YEAR
T R E A S U R Y C O N S T A N T M A T U R I T I E S 13
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10-YEAR
30 -YEAR
COMPOSITE
O V E R 1 0 Y E A R S ! L O N G - T E R M ) 14
CORPORATE BONDS
MOODY'S SEASONED

*

release
3> 19 9 0

annum
Week

FEDERAL

immediate
April

for addi t i o n a l

footnotes

10.29

April 3, 1990
For

immediate

FEDERAL RESERVE BOARD
release

G.13 (continued)
Daily interest rates
(Yields in percent pe r

a n n u m )*
0
9
8
7
6
5
4
3
2
1

U.S.
Fed
Funds

MAR 1
MAR 2
MAR 5
MAR 6
MAR 7
MAR 8
MAR 9
M A R 12
MAR 13
MAR 14
MAR 15
M A R 16
MAR 19
M A R 20
M A R 21
MAR 22
M A R 23
M A R 26
MAR 27
MAR 28
MAR 29
MAR 30

8.30
8.27
8.24
8.21
8.40
8.30
8.29
8.28
8.23
8.21
8.29
8.22
8.24
8.26
8.47
8.28
8.25
8.25
8.26
8.30
8.37
8.30

Comm
Paper
3-mo.

CDs
Sec Mkt
3-mo.

8.18
8.19
8.20
8.21
8.21

8.27
8.27
8.27
8.28
8.28

7.81
7.76
7.82
7.90
7.91

8.21
8.24
8.28
8.30
8.33
8.33
8.32
8.31
8.33
8.33
8.31
8.30
8.30
8.31
8.31
8.30
8.30

8.28
8.33
8.40
8.41
8.47
8.41
8.40
8.38
8.41
8.38
8.38
8.35
8.35
8.35
8.35
8.36
8.35

7.91
7.99
7.99
7.98
7.95
7.94
7.92
7.94
7.97

—
T r e a s u r y B i l l s ----3-mo.
6-mo.
1-yr.

7.76
7.75
7.84
7.81
7.79
7.81
7.89
7.89
7.90
7.87
7.88
7.86
7.89
7.91
7.90
7.83
7.83
7.85
7.86
7.83
7.84
7.81

7.95
7.90
7.88
7.86
7.90
7.85
7.83
.80

7.64
7.65
7.73
7.73
7.71
7.76
7.85
7.83
7.86
7.80
7.80
7.76
7.78
7.78
7.79
7.73
7.71
7.72
7.76
7.74
7.77
7.76

Government

Securities

1-yr.

2-yr.

3-yr.

5-yr.

7-yr.

10-yr.

30-yr.

8.21
8.22
8.31
8.31
8.29
8.35
8.46
8.44
8.48
8.41
8.41
8.36
8.38

8.53
8.48
8.55
8.54
8.54
8.59
8.73
8.71
8.77
8.69
8.71
8.64
8.68
8.68
8.69
8.62
8.61
8.61
8.59
8.57
8.62
8.64

8.53
8.50

8.53
8.50

8.59
8.56
8.55
8.58
8.71
8.70
8.77
8.70
8.70
8.62
8.66
8.65
8.66
8.60
8.59
8.59
8.60
8.60
8.65
8.69

8.58
8.57
8.56
8.57
8.68
8.67
8.75
8.67
8.69
8.61
8.65
8.61
8.62
8.56
8.54
8.52
8.55
8.53
8.60
8.65

8.62
8.57
8.69
8.64
8.63
8.62
8.71
8.70
8.78
8.71
8.73
8.64
8.66
8.62
8.63
8.61
8.59
8.58
8.59
8.58
8.66
8.70

8.59
8.54
8.65
8.59
8.58
8.57
8.65
8.63
8.73
8.65
8.66
8.59
8.59
8.54
8.55
8.53
8.52
8.51
8.52
8.51
8.60
8.65

8.61
8.55
8.66
8.59
8.58
8.56
8.63
8.62
8.72
8.61
8.63
8.55
8.54
8.47
8.47
8.49
8.48
8.47
8.48
8.47
8.58
8.63

8.38
8.39
8.32
8.29
8.30
8.35
8.33
8.36
8.35

FOOTNOTES
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
1 1.
12.
13.
14.
15.
16.
17.

Note:

T h e d a i l y e f f e c t i v e f e d e r a l f u n d s r a t e is a w e i g h t e d a v e r a g e o f r a t e s o n t r a d e s t h r o u g h N . Y . b r o k e r s .
We e k l y figures are averages of 7 calendar days ending on Hedhesday of the current week)
m o n t h l y f i g u r e s i n c l u d e e a c h c a l e n d a r d a y in t h e mon t h .
A n n u a l i z e d u s i n g a 3 6 0 - d a y y e a r or b a n k interest.
Q u o t e d o n a d i s count basis.
A n a v e r a g e o f o f f e r i n g r a t e s o n c o m m e r c ial p a p e r p l a c e d b y se v e r a l l e a d i n g d e a l e r s
f o r f i r m s w h o s e b o n d r a t i n g is A A o r t h e e q u i v a l e n t .
An average of offering rates on paper directly placed by finance companies.
Representative closing yields for acceptances of the highest rated money center banks.
An a v e r a g e of deal e r o f f e r i n g rates on nation a l l y traded certificates of deposit.
B i d r a t e s f o r E u r o d o l l a r d e p o s i t s a t 11 a. m . L o n d o n time.
O n e o f s e v e r a l b a s e r a t e s u s e d b y b a n k s to p r i c e s h o r t - t e r m b u s i n e s s loans.
R a t e f o r the F e d e r a l R e s e r v e B a n k o f N e w York.
Auct i o n date for dai l y data) w e e k l y and monthly averages c onfuted o n a n issue-date basis.
Y i e l d s o n a c t i v e l y t r a d e d i s s u e s a d j u s t e d to c o n s t a n t m a t u r i t i e s .
Source:
U.S. Treasury.
U n w e i g h t e d a v e r a g e o f r a t e s o n a l l o u t s t a n d i n g b o n d s n e i t h e r d u e n o r c a l l a b l e in l e s s t h a n 10 ye a r s *
i n c l u d i n g o n e v e r y lo w y i e l d i n g "flower*1 bond.
E s t imate of the yie l d o n a recently offered* A-rated utility bon d w i t h a matu r i t y of 30 years
and call protection of 5 years) Friday quotations.
B o n d B u y e r I n dex* g e n e r a l o b l i g a t i o n * 20 y e a r s to maturity* m i x e d qua l i t y ) T h u r s d a y q u o t a t i o n s .
Cont r a c t interest rates o n commitments for fixed-rate first mortgages.
Source:
rHLMC.

Weekly

and

monthly

figures

are averages

DESCRIPTION OF

THE

of

business days unless

TREASURY

CONSTANT MATURITY

otherwise noted.

SERIES

Y i e l d s o n T r e a s u r y s e c u r i t i e s a t 'constant m a t u r i t y * a r e i n t e r p o l a t e d b y t he U.S. T r e a s u r y f r o m t he
y i e l d c u r v e . T h i s c u r v e * w h i c h r e l a t e s t h e y i e l d o n a s e c u r i t y t o its t i m e to m a t u r i t y * is b a s e d o n
c l o s i n g m a r k e t b i d y i e l d s o n a c t i v e l y t r a d e d T r e a s u r y s e c u r t i e s in t h e o v e r - t h e - c o u n t e r m a r k e t .
T h e s e m a r k e t y i e l d s a r e c a l c u l a t e d f r o m c o m p o s i t e s o f q u o t a t i o n s r e p o r t e d b y fi v e l e a d i n g U.S.

daily
the

G o v e r n m e n t s e c u r i t i e s d e a l e r s to the F e deral R e s e r v e B a n k of N e w York. T h e c o n s t a n t m a t u r i t y y i e l d v a l u e s
a r e r e a d f r o m t h e y i e l d c u r v e a t f i x e d m a t u r i t i e s * c u r r e n t l y 1* 2* 3* 5 * 7* 1 0 , a n d 3 0 y e a r s .
This
m e t h o d p r o v i d e s a y i e l d f o r a 1 0 - y e a r m a t u r i t y , f o r e x a m p l e * e v e n if n o o u t s t a n d i n g s e c u r i t y h a s e x a c t l y
10 y e a r s r e m a i n i n g t o m a t u r i t y .