Full text of G.13 Selected Interest Rates : January 4, 1989

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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

immediate release
J a n u a r y 4, 1989

in p e r c e n t p e r a n n u m

Instruments
F E D E R A L F U N D S (E F F E C T I V E ) 1
COMMERCIAL PAPER
1-MONTH
3-MONTH
6 —M O N T H
FINANCE PAPER PLACED DIRECTLY
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)
3-MONTH
6-MONTH
CDS (SECONDARY MARKET)
1-MONTH
3-MONTH
6-MONTH
B ANK PRIME LOAN
«
DISCOUNT NINDOM 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
3 0 -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 101
C O N V E N T I O N A L M O R T G A G E S 11

DEC
2

DEC
9

8.44

8.59

8.82
9.12
8.96

1leek E n d if >9
DEC
16

DEC
23

DEC
30

NOV

8.51

8.87

8.86

8.35

8.76

7.57

9.27
9.10
8.93

9.32
9.14
9.02

9.39
9.13
8.99

9.30
9.07
8.97

8.38
8.66
8.55

9.31
9.11
8.97

7.58
7.66
7.68

8.53
8.26
8.07

8.97
8.41
8.18

9.08
8.53
8.22

9.06
8.62
8.34

9.00
8.55
8.29

8.29
8.20
7.94

9.00
8.50
8.24

7.44
7.38
7.14

8.94
8.80

8.93
8.77

9.02
8.89

8.98
8.87

8.90
8.83

8.55
8.46

8.96
8.83

7.56
7.60

8.99
9.22
9.24
10.21
6.50

9.34
9.24
9.24
10.50
6.50

9.42
9.32
9.32
10.50
6.50

9.40
9.29
9.31
10.50
6.50

9.36
9.20
9.26
10.50
6.50

8.43
8.78
8.81
10.05
6.50

9.37
9.25
9.28
10.50
6.50

7.59
7.73
7.91
9.32
6.20

8.05
8.13

8.04
8.25

7.98
8.21

8.14
8.29
8.49

8.22
8.33

7.68
7.76
7.92

8.09
8.24
8.49

6.69
6.92
7.17

8.33
8.60

8.32
8.73

8.26
8.69

8.43
8.77

8.51
8.82

7.94
8.19

8.37
8.72

6.90
7.28

7.94
8.09
8.10

7.96
8.19
8.23

8.09
8.27
8.42

8.11
8.20
8.32

8.16
8.28
8.38

7.76
7.86
7.87

8.07
8.22
8.32

6.67
6.91
7.13

8.75
8.96
8.98
9.00
9.08
9.11
9.11

8.89
8.99
9.01
8.99
9.04
9.03
9.00

9.10
9.16
9.17
9.16
9.19
9.16
9.02

9.00
9.09
9.12
9.10
9.12
9.08
8.97

9.07
9.18
9.20
9.18
9.22
9.17
9.00

8.48
8.67
8.72
8.79
8.89
8.96
9.02

8.99
9.09
9.11
9.09
9.13
9.11
9.01

7.65
8.10
8.26
8.47
8.71
8.85
8.96

9.21

9.10

9.15

9.10

9.13

9.07

9.13

8.98

9.55
10.61
10.15
7.66
10.44

9.52
10.61
10.02
7.68
10.46

9.57
10.65
10.15
7.66
10.71

9.59
10.68
9.98
7.57
10.68

9.60
10.67
10.12
7.50
10.77

9.45
10.48
10.12
7.46
10.27

9.57
10.65
10.08
7.61
10.61

9.71
10.83
10.20
7.68
10.34

DEC
1988

23

23
1
5
4

2

1

6

1.

M e e k l y figures a r e av e r a g e s of 7 c a l e n d a r days ending o n W e d n e s d a y of the cu r r e n t 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 m o n t h .
2.
Q u oted on bank-discount 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 l oans.
5.
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.
6.
Rates o n issue-date basis.
7.
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. T r e a s u r y .
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 of 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 le 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 l o w y i e l d i n g " f l o w e r " b o n d .
9.
Estimate of the y i e l d o n a r e c e n t l y offered, A-rated 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 years
and call p r o t e c t i o n 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 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 .
11.
Co n t r a c t interest rates o n c o m m i t m e n t s for fixed-rate first mortgages.
Source:
FHLMC.
Note:
M e e k l y a n d m o n t h l y figures a re avera g e s of daily r a t e s , e x cept for s tate A local b o n d s >
which are based on Thursday figures, and conventional.mortgages and A-utility bonds, both
of w h i c h a r e b a s e d o n




Friday

figures.

January 4> 1989

FEDERAL RESERVE BOARD

For immediate r elease
G.13 (continued)
Daily interest rates
( Y i e l d s in p e r c e n t p e r a n n u m )

U.S .
Comm
Paper
3-mo.

CDs
Sec Mkt
3-mo.

8.54
8.63
8.65
8.59
8.49
8.50
8.52
8.58
8.39
8.51
8.81
8.90
8.96
8.85
8.79
8.85
8.74

9.01
9.12
9.15
9.12
9.06
9.08
9.10
9.11
9.13
9.11
9.15
9.21
9.22
9.19
9.12
9.07
9.07

9.08
9.29
9.31
9.26
9.17
9.20
9.25
9.24
9.31
9.34
9.32
9.37
9.37
9.33
9.27
9.25
9.2 1

8.84
9.39
9.64
9.04

9.07
9.09
9.07
9.05

9.18
9.21
9.21
9.18

Fed
Funds

DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC
DEC

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




•

Govemmcmt

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

1-yr.

2-yr.

Securities

1 1*easury C o n s t a n t M a t u r i t i
3-yr.
5-yr.
7-y r .

10-yr.

30-yr.

7.85
8.07
8.01
7.95
7.99
7.98
7.88
7.90
8.10
8.12
8.19
8.16
8.19
8.18
8.10
8.05
8.05

8.00
8.25
8.24
8.15
8.18
8.20
8.20
8.22
8.32
8.33
8.25
8.24
8.24
8.26
8.15
8.18
8.17

8.02
8.29
8.27
8.15
8.19
8.24
8.29
8.30
8.40
8.45
8.50
8.43
8.41
8.35
8.30
8.27
8.27

8.66
8.96
8.94
8.80
8.84
8.90
8.95
8.96
9.08
9.13
9.18
9.13
9.11
9.04
8.98
8.95
8.94

8.86
9.12
9.09
8.88
8.93
9.00
9.03
9.05
9.16
9.20
9.20
9.18
9.18
9.11
9.09
9.04
9.04

8.88
9.13
9.09
8.91
8.97
9.03
9.05
9.07
9.16
9.21
9.22
9.20
9.18
9.10
9.09
9.11
9.11

8.88
9.11
9.07
8.88
8.93
9.01
9.05
9.07
9.15
9.19
9.21
9.18
9.16
9.09
9.08
9.09
9.08

8.99
9.17
9.12
8.94
8.99
9.04
9.10
9.11
9.18
9.22
9.22
9.20
9.18
9.11
9.10
9.11
9.11

9.01
9.18
9.13
8.95
9.00
9.02
9.07
9.08
9.15
9.19
9.19
9.17
9 15
9,08
9.07
9.07
9.05

9.02
9.18
9.13
8.95
8.98
8.97
8.97
8.94
8.98
9.06
9.07
9.05
9.05
8.96
8.96
8.94
8.92

8.15
8.26
8.13
8.10

8.31
8.36
8.25
8.20

8.37
8.42
8.39
8.34

9.06
9.12
9.08
9.02

9.15
9.23
9.18
9.14

9.20
9.23
9.20
9.18

9.17
9.22
9.19
9.14

9.20
9.27
9.22
9.18

9.13
9.21
9.18
9.14

8.96
9.01
9.01
9.00