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

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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.

LIBRARY

6.13 (415)

SELECTED INTEREST RATES

1388

Yields in percent per annum

Instruments
FEDERAL FUNDS (EFFECTIVE) 1
COMMERCIAL PAPER 2 3
1-MONTH
3-MONTH
6-MONTH
FINANCE PAPER PLACED DIRECTLY 2
1-MONTH
3-MONTH
6-MONTH
BANKERS ACCEPTANCES ( 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. GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE2 6
3-MONTH
6-MONTH
1-YEAR
AUCTION AVERAGE (INVESTMENT) 6
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
OVER 10 YEARS(LONG-TERM) *

CORPORATE BONDS
MOODY'S SEASONED
AAA
BAA

A-UTILITY 9
STATE & LOCAL BONDS 1 0
CONVENTIONAL MORTGAGES

11

For immediate release
January 5, 1988

DEC

DEC)

om

1Rfid
kNI
HILADJSLPHHk

NOV

DEC

4

11

6.89

6.84

6.58

6.75

6.81

6.69

6.77

6.66

7.28
7.47
7.42

7.77
7.64
7.56

8.18
7.93
7.72

7.90
7.64
7.46

7.45
7.30
7.22

6.77
7.17
7.17

7.76
7.61
7.49

6.74
6.82
6.85

6.67
7.17
6.59

7.48
6.95
6.60

7.62
6.99
6.68

7.24
6.95
6.69

6.97
6.78
6.63

6.63
6.91
6.69

7.23
6.97
6.64

6.61
6.54
6.37

7.41
7.37

7,64
7.56

7.69
7.59

7.41
7.31

7.17
7.14

7.07
7.07

7.48
7.41

6.75
6.78

7.72
7.61
7.62
8.75

7.88
7.75
7.78
8.75

8.16
7.88
7.88
8.75
6.00

7.93
7.61
7 61
8.75

7.57
7.38
7.40
8.75
6.00

6.80
7.24
7.31
8.78

7.86
7.66
7.67
8:75
6.00

6.75
6.87
7.01
8.22

5.49
6.12

5.81

6.00
6.45

5.96
6.48
6.74

5.73
6.32

5.81

6.23
6.48

5.80
6.36
6.74

6.00

6.20
6.78

6.15
6.81

5.91

6.00
6.54

5.98
6.68

5.86

5.90
6.43
6.73

5.83

5.73
6.66

5.77
6.36
6.69

5.78
6.03

6.71

5.69
6.19
6.50

7.23
7.91
8.17
8.50

7.15
7.82
8.08
8.38
8.69
8.85
8.95

6.96

7.69
7.99
8.35
8.69
8.86
8.95

7.17
7.86
8.13
8.45

6.77

8.99
9.12

7.42
7.68
7.94
8.23
8.39
8.59

8.96

8.99

9.12

8.64

10.06

10.01
11.23
10.39
7.95
10.65

10.11
11.29
10.42
7.96

9.38
10.57
9.95

6.00

5.66
6.42
5.41
6.15

6.55

6.00

6.42

6.75

6.44
6.74
7.24

!

6.00

6.44

7.02
7.75
8.04
8.40
8.80
8.98
9.12

7.93
8.21
8.54
8.96
9.14
9.31

8.88
9.05
9.18

7.19
7.85
8.12
8.41
8.72
8.87
8.97

9.14

9.31

9.18

8.95

10.06
11.23
10.42
7.90
10.60

10.14
11.30
10.70
8.10
10.66

10.19
11.36
10.41
8.01
10.69

10.08
11.28
10.21
7.95
10.64

6.64

6.26

11.24

10.25
7.86
10.61

1987

6.00

8.82

10.0 •

1. Weekly figures are averages of 7 calendar days ending on Wednesday of the current week*
monthly figures include each calendar day in the month.
2. Quoted on bank-discount basis.
3. Rates on commercial paper placed for firms whose bond rating is AA or the equivalent.
4. Rate charged by banks on short-term business loans.
5. Rate for the Federal Reserve Bank of New York.
6. Rates on issue-date basis.
7. Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.
8. Unweighted average of all issues outstanding of bonds neither ckie nor callable in less than
10 years, including one very low yielding "flower" bond.
9. Estimate of the yield on a recently offered, A-rated utility bond with a maturity of 30 years
and call protection of 5 years* Friday of 5 years) Friday quotations.
10. Bond Buyer Index, general obligation, 20 years to maturity, mixed quality; Thursday cpjotations.
11. Contract interest rates on commitments for fixed-rate first mortgages. Source: FHLMC.
Note: Weekly and monthly figures are averages of daily rates, except for state & local bonds,
which are based on Thursday figures, and conventional mortgates and A-utility bonds, both
of which are based on Friday figures.



5.66

5.82
6.05

6.33

6.33

6.58

6.33

7.67

10.22

FEDERAL RESERVE BOARD

January 5, 1988
For immediate release
G. 13 (continued)
Daily interest rates
(Yields in percent per annum)

r ?' r *
»
'

e

U.S. Government Securities

Fed
Funds

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

Comm
Paper
3-mo.

CDs.
Sec H<t
3-mo.

7.04
7.00
6.99
6.82
6.93
6.79
6.72
6.83
6.81
6.78
6.51
5.52
6.67
6.75
6.85
6.77
6.74
6.70

7.44
7.47
7.46
7.44
7.49
7.57
7.64
7.71
7.81
8.00
8.04
7.93
7.85
7.81
7.67
7.65
7.64
7.58

7.62
7.60
7.57
7.54
7.58
7.72
7.78
7.77
7.89
8.07
8.06
7.81
7.70
7.76
7.63
7.63
7.61
7.57

5.55
5.49
5.36
5.43
5.82
5.86
5.83
5.92
5.86
5.85
5.93
5.94
5.93
5.87
5.87
5.93
5.78
5.74

6.91
7.21
6.77
6.89

7.56
7.54
7.12
6.99

7.58
7.53
7.32
7.10

5.70
5.84
5.71
5.68




—Treasury Bills
3-mo. 6-mo. 1-yr.

1-yr.

Treasury Constant Maturities2-yr. 3-yr. 5-yr. 7-yr. 10-yr.

6.19
6.18
6.15
6.15
6.44
6.43
6.40
6.47
6.47
6.50
6.43
6.40
6.44
6.39
6.46
6.48
6.41
6.40

6.58
6.56
6.54
6.53
6.71
6.72
6.69
6.81
6.79
6.79
6.72
6.71
6.76
6.69
6.70
6.75
6.70
6.69

7.05
7.03
7 .01
7 .00
7,
.20
7,
.21
7,
,18
7,32
7.30
7,30
7.22
7.21
7.27
7.16
7.18
7.24
7.18
7.17

7.77
7.79
7.72
7.72
7.86
7.88
7.88
8.00
8.02
8.01
7.92
7.89
7.89
7.82
7.84
7.91
7.83
7.83

8.07
8.07
8.01
8.00
8.16
8.15
8.15
8.29
8.31
8.31
8.20
8.15
8.15
8.06
8.09
8.17
8.10
8.10

8.44
8.43
8.35
8.35
8.48
8.49
8.47
8.63
8.65
8.63
8.54
8.46
8.47
8.39
8.38
8.48
8.40
8.37

8.84
8.83
8.76
8.76
8.90
8.91
8.88
9.05
9.08
9.06
8.93
8.82
8.85
8.74
8.74
8.80
8.67
8.67

9.01
9.01
8.94
8.94
9.07
9.09
9.05
9.23
9.28
9.23
9.09
9.00
9.03
8.89
8.88
8.95
8.83
8.82

9.15
9.15
9.09
9.12
9 .22
9,
.26
9,
,22
9,
,40
9.
,45
9.41
9.24
9.14
9.15
8.96
9.01
9.05
8.91
8.90

6.40
6.30
6.18
6.17

6.71
6.70
6.61
6.62

7.20
7.19
7.09
7.10

7.91
7.86
7.75
7.77

8.16
8.11
7.99
8.04

8.46
8.41
8.32
8.33

8.77
8.70
8.61
8.67

8.93
8.85
8.78
8.83

9.01
8.95
8.90
8.95

30-yr.