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

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FEDERAL RESERVE statistical release
These data are released each Monday. The availability of the release will be announced when the information
is available, on (202) 452-3206.
G . 13

(415)

For

SELECTED INTEREST RATES
Yields

in p e r c e n t

per

DEC

DEC

1

FUNDS

(EFFECTIVE)

PAPER

3

1 2

3

DEC

DEC

8

22

29

8.51

8.52

8.47

8.52

8.38

8.55

8.45

9.21

8.42
8.25

8.61
8.31
7.94

8.67
8.33
7.94

8.66
8.31

8.47
8.35

8.61
8.29

9.11
8.99

7.90

8.53
8.24
7.86

7.99

8.00

7.93

8.80

PLACED

1-MONTH
3-MONTH
6 -MONTH
BANKERS ACCEPTANCES

8.21
7.97
7.34

8.40
8.00
7.33

8.45
8.01
7.31

8.43
8.01
7.34

8.28
8.00
7.36

8.33
8.07
7.45

8.40
8.01
7.33

8.99
8.72
8.16

3-MONTH
6-MONTH
CDS (SECONDARY

8.12
7.77

8.10
7.73

8.19
7.81

8.15
7.77

8.16
7.84

8.21
7.86

8.15
7.78

8.87
8.67

1-MONTH
3-MONTH
6-MONTH
EURODOLLAR

8.43
8.27
8.09

8.55
8.26
8.04

8.67
8.35
8.16

8.72
8.37
8.15

8.72
8.33
8.16

8.44
8.39
8.21

8.65
8.32
8.12

9.11
9.09
9.08

DIRECTLY

(TOP

MARKET)3

DEPOSITS

8.50
8.33
8.11
10.50
7.00

8.60
8.35
8.10
10.50
7.00

8.70
8.43
8.21
10.50
7.00

8.74
8.44
8.19
10.50
7.00

8.56
8.33
8.19
10.50
7.00

8.45
8.42
8.22
10.50
7.00

8.65
8.39
8.17
10.50
7.00

9.16
9.16
9.14
10.87
6.93

7.63
7.45

7.55
7.30

7.60
7.41

7.62
7.43
7.14

7.77
7.64

7.65
7.46
7.17

7.64
7.45
7.14

8.12
8.04
7.91

7.89
7.85

7.80
7.69

7.86
7.80

7.88
7.83

8.04
8.06

7.91
7.86

7.90
7.85

8.40
8.50

7.63
7.43
7.21

7.61
7.35
7.22

7.65
7.40
7.22

7.60
7.42
7.15

7.68
7.56
7.27

7.69
7.49
7.25

7.63
7.42
7.21

8.11
8.03
7.92

7.73
7.76
7.76
7.77
7.83
-7.85
7.91

7.73
7.77
7.77
7.74
7.83
7.84
7.90

7.73
7.78
7.74
7.72
7.83
7.82
7.88

7.66
7.71
7.72
7.69
7.81
7.78
7.85

7.80
7.89
7.90
7.88
7.99
7.93
7.98

7.77
7.80
7.80
7.81
7.86
7.87
7.90

7.72
7.78
7.77
7.75
7.85
7.84
7.90

8.53
8.57
8.55
8.50
8.52
8.49
8.45

8.03

8.02

8.00

7.97

8.12

8.03

8.02

8.58

8.88
9.83
9.26
7.04
9.74

8.86
9.81

8.85
9.81
9.33
6.99

8.85
9.82
9.40
6.96

8.89
9.81

9.75

9.69

8.88
9.85
9.54
6.97
9.78

8.86
9.82
9.36
6.98
9.74

DEC
1989

3 4 6

RATED)

3 4 7

8

(LONDON)3 9

1 -MONTH
3 -MONTH
6 -MONTH

BAFfiC P R I M E L O A N 2 3 10
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
6MONTH
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
1YEAR
2YEAR
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
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

17________________

SEE OVERLEAF FOR FOOTNOTES




NOV

4 5

1-MONTH
3-MONTH
6-MONTH
FINANCE PAPER

End: n g
DEC
15

Instruments
FEDERAL

release
3, 1 9 9 0

annum
Week

COMMERCIAL

immediate
January

9.29
7.00
9.76

9.28
7.14
9.77

9.26
10.18
9.79
7.23
10.32

FEDERAL RESERVE BOARD

January 3 * 1990
For immediate r e l e a s e
6.13 (continued)
D aily interest rates
(Yields in p e r c e n t p e r

annum)

U.S.
Fed
Funds

DEC 1
DEC 4
DEC 5
DEC 6
DEC 7
DEC 8
D E C 11
DEC 12
D E C 13
DEC 14
DE C 15
DEC 18
D E C 19
D E C 20
D E C 21
D E C 22
DEC 25
D E C 26
DEC 27
DEC 28
DEC 29

8.51
8.53
8.51
8.47
8.48
8.46
8.44
8.44
8.58
8.51
8.56
8.56
8.50
8.42
8.27
8.19
M
8.43
9.18
9.45
7.97

G o v e r milent S e c u r i t i e s

CDs

Comm
Paper

Sec Mkt

3-mo.

3-mo.

3-mo.

8.25
8.24
8.22
8.22

8.25
8.22
8.23
8.23
8.35
8.28

8.27
8.24
8.24
8.27
8.31
8.35
8.37
8.39
8.39
8.39
8.23
8.26
A
8.27
8.35
8.35
8.27

8.29
8.31
8.38
8.41
8.37
8.42
8.43
8.44
8.27
8.29
R
8.31
8.40
8.37
8.24

----T r e a s u r y B i l l s -----

"reasury C o n s t a n t

6-mo.

1-yr.

1-yr.

2-yr.

3-yr.

5-yr.

7.53

7.36
7.37
7.29
7.35
7.40
7.33
7.34
7.44
7.44
7.39
7.39
7.39
7.48
7.39
7.39
7.44

7.15
7.17
7.17
7.24
7.30
7.22
7.23
7.25
7.26
7.21
7.13
7.11
7.20
7.12
7.13
7.18
T
7.30
7.29
7.25
7.24

7.67
7.68

7.70
7.72
7.72
7.80

7.70

7.55
7.56

7.70
7.70
7.70
7.76
7.80
7.73
7.74
7.74
7.73
7.68

7.64
7.69
7.61
7.64
7.66
7.69
7.62
7.62
7.60
7.67
7.57
7.56
7.59
K
7.76
7.73
7.68
7.55

E
7.63
7.59
7.55
7.48

7.68
7.76
7.82
7.73
7.74
7.76
7.77
7.71
7.65
7.62
7.72
7.63
7.64
7.70
7.83
7.82
7.77
7.76

7.85
7.78
7.78
7.80
7.82
7.75
7.75
7.75
7.72
7.64
7.68
7.74
C
7.90
7.90
7.87
7.87

7.73
7.71
7.79
7.84
7.77
7.76
7.76
7.76
7.70
7.70
7.69
7.73
7.70
7.71
7.77
L
7.91
7.92
7.88
7.87

Maturiti

7.70
7.67
7.69
7.67
7.67
7.75
0
7.90
7.89
7.85
7.86

7-yr.

10-yr.

30-yr.

7.79

7.81
7.82
7.82
7.85
7.88
7.82
7.83
7.84
7.82
7.79

7.88
7.88

7.79
7.79
7.84
7.88
7.83
7.83
7.84
7.84
7.80
7.82
7.79
7.81
7.78
7.80
7.86
S
8.02
7.99
7.96
7.97

FOOTNOTES
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
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 .
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 Hecfaiesday 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 .
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 on a d i s c o u n t basis.
An average of offering rates on commercial paper placed by several leading dealers
f o r f i r m s w h o s e -bond r a t i n g is A A o r t h e e q u i v a l e n t .
A n ave r a g e of o f f e r i n g 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 yields for a cceptances of the highest rated money c e n t e r banks.
An average of dealer 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 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 for th e F e d e r a l R e s e r v e B a n k of N e w York.
A u c t i o n d a t e for d a i l y data) w e e k l y a n d monthly averages c o m p u t e d o n an issue-date basis.
Y i e l d s o n a c t i v e l y trad e d issues a d j u s t e d to constant maturities.
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 *
in c l u d i n g o n e v e r y low y i e l d i n g "flower" bond.
Estimate of the yield on a recently offered* A-rated utility bond w ith a maturity of 30 years
and call p r otection 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 .
Contract interest rates on commitments for fixed-rate first mortgages.
Source:
FHLMC.

Weekly

and

monthly

figures

are averages

DESCRIPTION OF

THE

of

business

TREASURY

days

unless

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 at 'constant maturity' a r e interpolated 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 i t s 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 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 from c o m p o s i t e s of q u o t a t i o n s r e p o r t e d b y f ive l e a d i n g U.S.
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 Federal Res e r v e B ank 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 va 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
method provides a yield for a 10-year maturity*
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 .




for example*

even

if n o

outstanding

security has

exactly

7.80
7.77
7.78
7.77
7.77
7.82
E
7.95
7.94
7.91
7.93

7.88
7.91
7.93
7.88
7.89
7.90
7.88
7.85
7.86
7.83
7.85
7.84
7.86
7.88
D
8.00
7.98
7.97
7.98