Full text of G.13 Selected Interest Rates : April 5, 1994

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release
^

T h e s e d a ta a re re le a s e d th e firs t T u e s d a y o f e a c h m o n th . T h e a v a ila b ility o f th e re le a s e is a n n o u n c e d on

f

‘

G .13 (415)

SELECTED INTEREST RATES
Y ields in pe rcen t p e r annum

Instrum ents

Federal funds (effective)1 2 3
Commercial paper345
1-month
3-month
6-month
Finance paper placed directly 346
1-month
3-month
6-month
Bankers acceptances (top rated) 347
3-month
6-month
CDs (secondary market) 38
1-month
3-month
6-month
Eurodollar deposits (London) 39
1-month
3-month
6-month
Bank prime loan 2310
Discount window borrowing 211
U.S. government securities
Treasury bills
Auction average 3412
3-month
6-month
1-year
Auction average (investment)13
3-month
6-month
1-year
Secondary m arket3 4
3-month
6-month
1-year
Treasury constant maturities 14
1-year
2-year
3-year
5-year
7-year
10-year
20-year
30-year
Composite
Over 10 years (long-term )15
Corporate bonds
Moody’s seasoned
Aaa
Baa
A-utility 16
State & local bonds 17
Conventional mortgages 18

See overleaf for footnotes




*

'"!

fli i\ 11 p|r] Ic 50

W e e ^ fid in ^

; s

M ar
4

M ar
11

M ar
18

M ar
25

3.28

3.25

3.19

3.31

3.57
3.78
3.96

3.61
3.84
4.06

3.61
3.84
4.08

3.45
3.62
3.62

3.52
3.70
3.72

3.67
3.88

For im m ediate release
April 5, 1994

- .
f . • / t t iY
A pr
1

Feb

M ar

3.49

3.25

3.34

3.67
3.88
4.14

3.68
3.88
4.13

3.39
3.49
3.62

3.63
3.85
4.08

3.51
3.71
3.68

3.59
3.75
3.73

3.60
3.75
3.77

3.30
3.40
3.39

3.53
3.71
3.70

3.75
3.95

3.72
3.94

3.75
4.00

3.75
4.02

3.40
3.56

3.73
3.96

3.53
3.71
3.94

3.54
3.77
4.01

3.52
3.75
4.01

3.60
3.81
4.09

3.64
3.84
4.15

3.31
3.43
3.62

3.56
3.77
4.03

3.48
3.68
3.90
6.00
3.00

3.48
3.75
4.00
6.00
3.00

3.44
3.75
4.00
6.00
3.00

3.55
3.79
4.08
6.00
3.00

3.58
3.80
4.11
6.25
3.00

3.27
3.43
3.62
6.00
3.00

3.50
3.75
4.02
6.06
3.00

3.40
3.61

3.52
3.75
4.03

3.57
3.85

3.61
3.90

3.50
3.85

3.21
3.38
3.59

3.52
3.79
4.03

3.48
3.73
4.22

3.60
3.88

3.65
3.98

3.70
4.03

3.58
3.98
4.51

3.28
3.49
3.74

3.60
3.92
4.37

3.47
3.68
3.95

3.52
3.77
4.09

3.52
3.81
4.11

3.49
3.81
4.15

3.50
3.81
4.21

3.25
3.43
3.69

3.50
3.78
4.11

4.16
4.80
5.19
5.74
6.08
6.29
6.86
6.79

4.28
4.93
5.32
5.85
6.20
6.40
6.95
6.87

4.31
4.98
5.37
5.91
6.24
6.45
6.96
6.87

4.36
5.06
5.45
6.00
6.33
6.52
7.02
6.92

4.46
5.18
5.62
6.19
6.53
6.72
7.18
7.06

3.87
4.47
4.83
5.40
5.72
5.97
6.57
6.49

4.32
5.00
5.40
5.94
6.28
6.48
7.00
6.91

6.75

6.84

6.86

6.93

7.10

6.44

6.90

7.36
8.01
7.73
5.84
7.51

7.44
8.08
7.80
5.88
7.63

7.46
8.10
7.81
5.84
7.76

7.49
8.15
7.91
5.92
7.80

7.65
8.30
8.04
6.07
8.04

7.08
7.76
7.45
5.40
7.15

7.48
8.13
7.82
5.91
7.68

G.13 (415)
Selected Interest Rates
Yields in percent per annum
Fed
funds

Mar 1
Mar 2
Mar 3
Mar 4
Mar 7
Mar 8
Mar 9
Mar10
Mar 11
Mar 14
Mar 15
Mar 16
Mar 17
Mar 18
Mar 21
Mar 22
Mar 23
Mar 24
Mar 25
Mar 28
Mar 29
Mar 30
Mar 31

3.31
3.24
3.26
3.25
3.29
3.24
3.22
3.22
3.17
3.30
3.25
3.05
3.24
3.22
3.36
3.44
3.47
3.49
3.53
3.53
3.45
3.36
4.18

Comm
paper
3-mo.
3.74
3.80
3.80
3.84
3.84
3.84
3.84
3.83
3.83
3.84
3.85
3.84
3.82
3.85
3.87
3.92
3.86
3.86
3.87
3.87
3.87
3.89
3.90

Federal Reserve Board
April 5, 1994
CDs
sec mkt
3-mo.
3.63
3.76
3.73
3.78
3.78
3.76
3.79
3.77
3.77
3.75
3.75
3.75
3.75
3.77
3.80
3.89
3.78
3.79
3.79
3.79
3.77
3.83
3.83

— Treasury b ills —
3-mo. 6-mo. 1 -yr.
3.50
3.47
3.48
3.53
3.52
3.55
3.53
3.49
3.49
3.54
3.58
3.53
3.47
3.48
3.52
3.52
3.46
3.45
3.48
3.50
3.51
3.49
3.48

3.70
3.68
3.70
3.74
3.74
3.77
3.77
3.77
3.78
3.82
3.82
3.79
3.79
3.83
3.87
3.81
3.77
3.79
3.79
3.80
3.85
3.80
3.79

3.95
3.94
3.97
4.08
4.05
4.09
4.10
4.11
4.09
4.12
4.12
4.08
4.08
4.14
4.19
4.12
4.11
4.15
4.16
4.18
4.22
4.21
4.23

-------------------------1-yr.
2-yr.
4.16
4.15
4.21
4.26
4.23
4.28
4.29
4.30
4.28
4.32
4.32
4.28
4.28
4.35
4.41
4.33
4.32
4.37
4.38
4.41
4.46
4.45
4.50

4.81
4.79
4.83
4.88
4.87
4.92
4.96
4.96
4.95
4.99
4.99
4.96
4.94
5.03
5.09
5.03
5.00
5.08
5.10
5.12
5.19
5.19
5.21

Treasury constant maturities
5-yr.
7-yr.
3-yr.
10-yr.
5.19
5.20
5.21
5.29
5.25
5.31
5.33
5.36
5.34
5.39
5.38
5.34
5.34
5.42
5.49
5.38
5.38
5.50
5.52
5.55
5.62
5.65
5.66

5.74
5.74
5.79
5.82
5.77
5.84
5.84
5.90
5.89
5.94
5.91
5.86
5.88
5.97
6.03
5.92
5.92
6.05
6.08
6.10
6.19
6.24
6.23

6.08
6.09
6.14
6.16
6.12
6.17
6.17
6.28
6.25
6.30
6.25
6.18
6.19
6.30
6.36
6.24
6.22
6.39
6.42
6.43
6.52
6.59
6.59

6.28
6.30
6.35
6.38
6.32
6.38
6.38
6.48
6.46
6.50
6.47
6.40
6.40
6.49
6.55
6.44
6.44
6.58
6.61
6.63
6.71
6.78
6.77

20-yr.

30-yr.

6.86
6.87
6.92
6.92
6.87
6.92
6.93
7.02
6.99
7.01
6.99
6.90
6.91
6.99
7.03
6.94
6.95
7.09
7.10
7.09
7.17
7.23
7.23

6.79
6.79
6.84
6.85
6.80
6.85
6.85
6.94
6.91
6.93
6.90
6.82
6.82
6.90
6.94
6.85
6.85
6.98
6.99
6.98
7.06
7.10
7.11

FOOTNOTES
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12 .
13 .
14 .
15 .
16.
17 .
18.

The daily effective federal funds rate is a weighted average of rates on trades through N .Y . brokers.
W eekly figures are averag e s of 7 calendar d a y s ending on W ed n e sd a y of the current week; monthly figures include
each calendar d ay in the month.
A nnualized using a 3 6 0 -d ay year or bank interest.
Quoted on a discount b asis.
An average of offering rates on com m ercial paper placed by several leading d ealers for firms whose bond rating is A A
or the equivalent.
An average of offering rates on paper directly placed by finance com panies.
Representative closing yields for accep tan ces of the highest rated money center banks.
An average of dealer offering rates on nationally traded certificates of deposit.
Bid rates for Eurodollar deposits at 1 1 a.m . London time.
O ne of several b ase rates used by banks to price short-term b u sin e ss loans.
Rate for the Federal R eserve Bank of New York.
Auction date for daily data; w eekly and monthly averag es computed on an issue -d ate b asis.
Auction dates for daily, w eekly and monthly averages.
Y ie ld s on actively traded issu e s adjusted to constant maturities. So urce: U .S . Tre asury.
Unweighted average of rates on all outstanding bonds neither due nor callable in le ss than 10 years.
Estim ate of the yield on a recently offered, A-rated utility bond with a maturity of 30 years and call protection of 5 years;
Friday quotations.
Bond Buyer Index, general obligation, 20 years to maturity, mixed quality; T hu rsd ay quotations.
Contract interest rates on commitments for fixed-rate first m ortgages. So urce: F H L M C .

Note: W eekly and monthly figures are averag es of b usin ess d ays unless otherwise noted.

DESCRIPTION OF THE TREASURY CONSTANT MATURITY SERIES
Y ield s on T re asury securities at ’constant maturity’ are interpolated by the U .S. Tre asury from the daily yield curve. T h is curve,
which relates the yield on a security to its time to maturity, is based on the closing market bid yield s on actively traded Treasury
securities in the over-the-counter market. T h e se market yields are calculated from com posites of quotations reported by five lead­
ing U .S. Governm ent securities dealers to the Federal R eserve Bank of New York. The constant maturity yield v a lu e s are read
from the yield curve at fixed maturities, currently 1 , 2 , 3, 5, 7, 10, 20, and 30 years. T h is method provides a yield for a 10 -y e a r
maturity, for exam ple, even if no outstanding security has exactly 10 years rem aining to maturity. In estimating the 2 0 -y e a r con­
stant maturity, the T re asury incorporates the prevailing market yield on an outstanding T re asury bond with approxim ately 20 years
rem aining to maturity.