Full text of G.13 Selected Interest Rates : April 5, 1988

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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
when 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

immediate release
A p r i l 5, 1 9 8 8

per annum
Week

Instruments
FEDE R A L F U N D S <E F F E C T I V E ) 1
COMMERCIAL PAPER 2 3
1 -MONTH
3-MONTH
6-MONTH
FINANCE PAPER PLACED DIRECTLY 1
23
5
4
1-MONTH
3 -MONTH
6-MONTH
B A N K E R S A C C E P T A N C E S (TOP RATED) 2
3 -MONTH
6 -MONTH
CDS (SECONDARY MARKET)
1-MONTH
3-MONTH
6 -MONTH
BANK PRIME LOAN 1 4
DISCOUNT WINDOW BORROWING 1 5
U.S. G O V E R N M E N T S E C U R I T I E S
TREASURY BILLS
AUCTION AVERAGE2 6
3-MONTH
6-MONTH
1-YEAR
AUCTION AVERAGE(INVESTMENT)
3 -MONTH
6-MONTH
SECONDARY MARKET 2
3-MONTH
6-MONTH
1-YEAR
TREASURY CONSTANT MATURITIES 7
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10-YEAR
30-YEAR
COMPOSITE
O V E R 10 Y E A R S ( L O N G - T E R M ) 8
CORPORATE BONDS
MOODY'S SEASONED
AAA
BAA
A-UTILITY 9
S T A T E & L O C A L B O N D S 10 1
C O N V E N T I O N A L M O R T G A G E S 11

MAR
4

MAR
11

6.60

6.51

6.54
6.56
6.57

Endinc1
MAR
18

MAR
25

APR
1

FEB

MAR

6.61

6.51

6.62

6.58

6.58

6.55
6.59
6.60

6.56
6.61
6.63

6.58
6.64
6.68

6.63
6.68
6.70

6.55
6.58
6.58

6.57
6.62
6.64

6.35
6.30
6.16

6.45
6.38
6.19

6.46
6.40
6.25

6.45
6.37
6.26

6.52
6.45
6.29

6.45
6.39
6.27

6.44
6.38
6.23

6.45
6.45

6.50
6.53

6.50
6.54

6.53
6.60

6.55
6.63

6.49
6.49

6.51
6.55

6.54
6.58
6.68
8.50
6.00

6.55
6.62
6.75
8.50
6.00

6.55
6.61
6.76
8.50
6.00

6.57
6.64
6.84
8.50
6.00

6.60
6.67
6.86
8.50
6.00

6.55
6.60
6.69
8.51
6.00

6.56
6.63
6.78
8.50
6.00

5.62
5.86

5.74
5.93

5.65
5.78
6.30

5.76
5.96

5.69
6.00

5.69
5.96
6.18

5.69
5.91
6.30

5.78
6.12

5.91
6.20

5.81
6.04

5.93
6.23

5.85
6.27

5.86
6.24

5.86
6.17

5.63
5.86
6.20

5.73
5.88
6.28

5.64
5.79
6.23

5.77
5.98
6.35

5.74
6.04
6.36

5.66
5.93
6.21

5.70
5.91
6.28

6.63
7.12
7.33
7.63
7.96
8.17
8.41

6.72
7.23
7.45
7.78
8.11
8.32
8.57

6.63
7.21
7.44
7.78
8.15
8.33
8.60

6.77
7.38
7.60
7.95
8.31
8.48
8.74

6.78
7.42
7.66
8.03
8.40
8.57
8.82

6.64
7.18
7.38
7.71
8.02
8.21
8.43

6.71
7.27
7.50
7.83
8.19
8.37
8.63

8.39

8.55

8.57

8.72

8.80

8.41

8.61

9.27
10.48
9.78
7.47
9.85

9.34
10.50
9.83
7.67
9.96

9.36
10.55
9.98
7.75
9.92

9.44
10.64
10.01
7.89
9.99

9.53
10.73
10.09
7.90
10.05

9.40
10.62
9.75
7.49
9.89

9.39
10.57
9.91
7.74
9.93

6

1.

W e e k l y f i g u r e s a r e a v e r a g e s o f 7 c a l e n d a r d a y s e n d i n g o n W e d n e s d a y of the c u r r e n t w e e k s
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 m o n t h .
2.
Q u o t e d o n b a n k - d i s c o u n t basis.
3.
R a t e s o n c o m m e r c i a l p a p e r p l a c e d 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 .
4.
R a t e c h a r g e d b y b a n k s o n s h o r t - t e r m b u s i n e s s loans.
5.
R a t e f or the Fe d e r a l R e s e r v e B a n k of N e w York.
6.
R ates o n is s u e - d a t e basis.
7.
Y i e l d s o n a c t i v e l y tr a d e d issues a d j u s t e d to c o n s t a n t m a turities.
Source:
U.S. T r easury.
8.
U n w e i g h t e d a v e r a g e o f a l l i s s u e s o u t s t a n d i n g o f 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 y e a r s * i n c l u d i n g o n e v e r y low y i e l d i n g " f l ower" bond.
9.
E s t i m a t e of the y i e l d o n a recently offered, A-ra t e d u t i l i t y bon d w i t h a m a t urity of 30 y ears
and call protection of 5 years; Friday quotations.
10.
B o n d B u y e r I n d e x , g e n e r a l o b l i g a t i o n , 20 y e a r s t o m a t u r i t y , m i x e d q u a l i t y ; T h u r s d a y q u o t a t i o n s .
11.
C o n t r a c t in t e r e s t rates o n c o m m i t m e n t s for f i x e d - r a t e first mortgages.
Source:
FHLMC.
Note:
W e e k l y a n d m o n t h l y figures are a v erages of d a i l y rates, exc e p t for state & local bonds,
w h i c h are b a s e d on T hursday figures, and c o nventional m o rtgages and A-utility bonds, b o t h
of which are based on




Friday

figures.

FEDERAL RESERVE BOARD

April 5> 1988
For immediate release
G.13 (continued)
Daily interest rates
(Yields in p e r c e n t pe r annum)

U.S.
Fed
Funds

MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR
MAR

1
2
3
4
7
8
9
10
11
14
15
16
17
18
21
22
23
24
25
28
29
30
31

6.66
6.62
6.58
6.51
6.51
6.36
6.59
6.70
6.60
6.70
6.60
6.48
6.47
6.45
6.45
6.46
6.83
6.66
6.60
6.64
6.57
6.66
6.83




Comm
Paper
3-mo.

CDs
Sec Mkt
3-mo.

6.58
6.56
6.52
6.58
6.58
6.57
6.57
6.60
6.61
6.62
6.62
6.61
6.60
6.61
6.64
6.62
6.63
6.65
6.67
6.66
6.68
6.68
6.69

6.57
6.57
6.57
6.63
6.62
6.62
6.62
6.63
6.61
6.61
6.62
6.63
6.62
6.59
6.65
6.62
6.63
6.67
6.64
6.64
6.67
6.67
6.69

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

5.62
5.61
5.60
5.71
5.72
5.74
5.73
5.75
5.73
5.70
5.61
. 5.61
5.60
5.66
5.74
5.78
5.83
5.79
5.70
5.74
5.74
5.75
5.71

5.87
5.85
5.85
5.97
5.96
5.88
5.85
5.85
5.84
5.84
5.77
5.79
5.71
5.83
5.89
5.95
6.02
6.04
5.99
6.01
6.04
6.05
6.04

6.18
6.16
6.17
6.28
6.29
6.29
6.27
6.30
6.24
6.24
6.22
6.26
6.18
6.24
6.31
6.31
6.37
6.40
6.34
6.36
6.36
6.36
6.35

1-yr.

6.61
6.59
6.60
6.72
6.74
6.75
6.72
6.76
6.63
6.64
6.62
6.67
6.58
6.64
6.73
6.73
6.80
6.83
6.76
6.79
6.79
6.79
6.76

G o v e m m e snt S e c u r i t i e s
. .. ■ * * - * e a s u r y C o n s t a n t
2 - yr.
3-yr.
5-yr.

7.11
7.07
7.08
7.20
7.22
7.25
7.22
7.25
7.20
7.20
7.19
7.24
7.17
7.23
7.32
7.33
7.39
7.46
7.41
7.42
7.42
7.43
7.41

7.30
7.29
7.29
7.45
7.44
7.45
7.45
7.48
7.43
7.42
7.42
7.47
7.41
7.46
7.56
7.58
7.61
7.66
7.61
7.66
7.66
7.65
7.66

7.61
7.59
7.59
7.74
7.77
7.79
7.76
7.81
7.76
7.76
7.76
7.81
7.76
7.81
7.91
7.91
. 7.95
8.01
7.95
8.03
8.03
8.03
8.04

7-yr.

7.95
7.92
7.90
8.06
8.08
8.11
8.11
8.15
8.11
8.11
8.11
8.18
8.12
8.23
8.29
8.29
8.32
8.35
8.31
8.42
8.39
8.40
8.40

10-yr.

8.15
8.13
8.12
8.28
8.30
8.33
8.32
8.35
8.29
8.29
8.30
8.36
8.30
8.41
8.47
8.46
8.47
8.51
8.47
8.58
8.56
8.57
8.57

3 0 -yr.

8.40
8.37
8.36
8.52
8.54
8.58
8.58
8.60
8.55
8.55
8.56
8.63
8.57
8.69
8.74
8.73
8.76
8.77
8.72
8.83
8.81
8.83
8.82