Full text of G.13 Selected Interest Rates : August 4, 1992

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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.13

(415)

For

August

SELECTED INTEREST RATES
Yields

in p e r c e n t

per

immediate

release
4,

1992

annum
Heek

Instruments
FEDERAL FUNDS (EFFECTIVE) 1 2
COMMERCIAL PAPER 3 * 5
1 -MONTH
3 -MONTH
6 -MONTH
FINANCE PAPER PLACED DIRECTLY
1 -MONTH

3

3

<

3 -MONTH
6 -MONTH
B A N K E R S A C C E P T A N C E S (TOP R A T E D ) 3
3 -MONTH
6 -MONTH
CDS (SECONDARY MARKET)3 8
1 -MONTH
3 -MONTH
6 -MONTH
EURODOLLAR DEPOSITS (LONDON)3 9
1-MONTH
3 -MONTH
6 -MONTH
B A N K P R I M E L O A N 2 3 10

JUL
3

JUL
10

3.87

3.24

3.80
3.80
3.87

Ending
JUL
17

JUL
24

JUL
31

JUN

JUL

3.28

3.22

3.18

3.76

3.25

3.45
3 -46
3.55

3.42
3.43
3.51

3.40
3.40
3.49

3.36
3.38
3.48

3.91
3.92
3.99

3.43
3.44
3.53

3.68
3.67
3.64

3.33

3.31

3.29

3.28

3.33
3.39

3.31
3.33

3.30
3.30

3.29
3.29

3.81
3.82
3.80

3.33
3.33
3.35

3.66

3.33
3.43

3.28

3.29
3.39

3.29

3.80
3.88

3.32
3.42

3.30
3.32
3.43

3.83
3.86

3.35
3.37

3.97

3.50

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

7
3.72

3.39

3.40

3.74
3.75
3.90

3.36
3.37

3.31
3.34

3.51

3.47

3.30
3.32
3.45

3.73
3.74
3.86
6.50
3.50

3.34
3.44
3.54
6.00
3.00

3.29
3.35
3.48
6.00
3.00

3.25
3.31
3.48
6.00
3.00

3.25
3.31
3.50
6.00
3.00

3.81
3.87
4.00
6.50
3.50

3.33
3.40
3.54
6.02
3.02

3.59
3.66
3.93

3.23
3.32

3.22
3.31

3.16
3.24

3.18
3.27
3.37

3.70
3.81
4.07

. 3.28
3.36
3.65

3.67
3.78

3.30
3.42

3.29
3.41

3.23
3.34

3.25
3.37

3.79
3.94

3.35
3.46

3.48
3.57

3.19
3.24
3.38

3.17
3.24
3.38

3.18
3.27

3.79

3.22
3.28
3.48

3.43

3.66
3.77
3.98

3.21
3.28
3.45

3.96
4.76
5.33
6.22
6.69
7.07
7.74

3.64
4.41
4.99
5.93
6.45
6.90
7.62

3.53
4.30
4.87
5.85
6.40
6.92
7.66

3.53
4.28
4.80
5.74
6.29
6.82
7.61

3.57
4.31
4.83
5.70
6.17
6.67
7.46

4.17
5.05
5.60
6.48
6.90
7.26
7.84

3.60
4.36
4.91
5.84
6.36
6.84
7.60

7.58

7.45

7.47

7.39

7.23

7.72

7.40

8.16

8.08
8.89

8.09
8.87
8.44

8.06
8.82
8.32

8.01
8.71

8.22

6.16
8.09

6.05

8.07
8.84
8.38
6.13
8.13

CORPORATE BONDS
M O O D Y ’S S E A S O N E D
AAA
BAA
A-UTILITY

15

S T A T E & L O C A L B O N O S 16
CONVENTIONAL MORTGAGES




17

8.98
8.44
6.38
8.29

SEE OVERLEAF FOR FOOTNOTES

8.41
6.17
8.13

8.08

8.22
5.89
|

8.05

9.05
8.62
6.49
8.51

August 4* 1992
For

immediate

FEDERAL RESERVE BOARD
release

G.13 (continued)
Daily interest rates
( Y i e l d s in p e r c e n t p e r

annum)

U.S.
Fed
Funds

JUL
JUL

1
2

JUL
JUL
JUL
JUL
JUL
JUL
JUL
JUL
JUL
JUL
JUL
JUL
JUL
JUL
JUf.
JUL
JUL

3
6
7
8
9
10
13
14
15
16
17
20
21
22
23
24
27

JUL
JUL
JUL
JUL

28
29
30
31

3.89
3.46
2.84
3.15
3.35
4.19
3.46
3.20
3.28
3.25
3.38
3.32
3.12
3.32
3.15
3.40
3.29
3.08
3.29
3.27
3.15
3.17
3.37

Comm
Paper
3 -mo.

CDs
Sec Mkt
3-mo.

3.88
3.56
M
3.50
3.47
3.45
3.44
3.43
3.43
3.42
3.43
3.43
3.42
3.41
3.41
3.40
3.40
3.39
3.38
3.38
3.37
3.37
3.38

3.82
3.55

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

3.55
3.24
R
3.22
3.21
3.22
3.21
3.22
3.21
3.21
3.18
3.17
3.16
3.18
3.19
3.17
3.16
3.16
3.19
3.19
3.18
3.18
3.18

A
3.42
3.38
3.35
3.36
3.34
3.36
3.35
3.33
3.32
3.32
3.31
3.33
3.33
3.33
3.32
3.31
3.32
3.30
3.33
3.33

3.63
3.34

K
3.31
3.28
3.29
3.27
3.27
3.27
3.28
3.23
3.22
3.22
3.24
3.26
3.24
3.23
3.24
3.27
3.26
3.26
3.26
3.28

G o v e m u rent S e c u r i t i e s
1r r e a s u r y

1-yr.

2-yr.

3-yr.

4.04
3.70
T
3.67
3.63
3.63
3.63
3.62
3.62
3.57
3.48
3.49
3.50
3.51
3.55
3.53
3.52
3.55
3.58
3.55
3.54
3.58
3.62

4.82
4.55
C
4.46
4.40
4.40
4.40
4.38
4.40
4.32
4.25
4.25
4.27
4.30
4.34
4.29
4.20
4.25
4.27
4.27
4.25
4.33
4.42

5.38
5.15
L
5.06
4.98
4.98
4.97
4.95
4.97
4.91
4.82
4.80
4.83
4.84
4.87
4.81
4.71
4.77
4.78
4.75
4.76
4.88
4.97

3.87
3.55
E
3.52
3.48
3.48
3.47
3.46
3.46
3.42
3.33
3.34
3.35
3.36
3.39
3.37
3.36
3.42
3.44
3.41
3.40
3.44
3.47

Constant
5-yr.

Maturit
7-yr.

6.27
6.02

0
5.97
5.91
5.93
5.93
5.92
5.94
5.90
5.80
5.80
5.82
5.82
5.82
5.77
5.62
5.66
5.66
5.63
5.62
5.76
5.84

10-yr.

30-yr.

7.10
6.93
E
6.90
6.87
6.91
6.91
6.93
6.97
6.97
6.90
6.87
6.90
6.90
6.89
6.85
6.72
6.73
6.69
6.63
6.60
6.69
6.72

7.76
7.63
D
7.62
7.61
7.61
7.61
7.64
7.67
7.69
7.64
7.62
7.68
7.66
7.67
7.62
7.54
7.57
7.53
7.44
7.43
7.46
7.46

6.73
6.53
S
6.49
6.45
6.45
6.45
6.43
6.46
6.45
6.37
6.35
6.38
6.38
6.37
6.32
6.18
6.20
6.16
6.11
6.09
6.24
6.27

FOOTNOTES

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

Uote:

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 .
M 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 o f t h e c u r r e n t ’w e e k )
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 .
Annualized using a 360-day year
b a n k interest.
Q u o t e d on a disco u n t basis.
An a v e r a g e of o f f e r i n g rates on commer c i a l paper pl a c e d by several leading dealers
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 o ffering rates on paper directly placed by finance companies.
R e p r e s e n t a t i v e c l o s i n g y i e l d s for a c c e p t a n c e s of the h i g h e s t r a t e d m o n e y c e n t e r banks.
An average of d ealer offering rates on nationally 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 1 1 a.m. L o n d o n t i m e .
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 l o a n s .
R a t e for 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.
A u c t i o n date" f o r d a i l y d a t a * w e e k l y a n d m o n t h l y a v e r a g e s c o m p u t e d o n a n i s s u e - d a t e b a s i s .
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 y e a r s .
E s t i m a t e o f t h e y i e l d o n a r e c e n t l y o f f e r e d * A - r a t e d u t i l i t y b o n d w i t h a m a t u r i t y of 30 y e a r s
and call p r o t e c t i o n of 5 years) Friday quotations.
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 to 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 .
C o n t r a c t i n t e r e s t rates o n c o m m i t m e n t s for f i xed-rate first m o rtgages.
Source: FHLMC.

Weekly

and

monthly

figures

are

DESCRIPTION

averages

OF

THE

of business

TREASURY

days

CONSTANT

unless

MATURITY

otherwise

noted.

SERIES

Y i e l d s on T r e a s u r y s e c u r i t i e s at 'constant maturity' a r e i n t e r p o l a t e d b y the U.S. T r e a s u r y from the d a i l y
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 t o m a t u r i t y , is b a s e d o n t h e
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 i 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 f i v e l e a d i n g U.S.
Government securities dealers
are read from the yield curve

to
at

the F e d e r a l R e serve B a n k of N e w York. The 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
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 for a 1 0 - y e a r
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 .




maturity*

for example*

even

if n o o u t s t a n d i n g

security has

exactly