Full text of G.13 Selected Interest Rates : June 2, 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. 1 3

(415)

For

June

SELECTED INTEREST RATES
Yields

in p e r c e n t

per

release
2,

1992

annum
Meek

Instruments
FEDERAL FUNDS (EFFECTIVE)
COMMERCIAL PAPER 3 4 5

1 2 3

1-MONTH
3 -MONTH
6 -MONTH
FINANCE PAPER PLACED DIRECTLY 3 4 4
1-MONTH
3 -MONTH
6 -MONTH
B A N K E R S AC C E P T A N C E S (TOP RATED) 3 4 7
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
D I S C O U N T H I N D O H 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
AUCTION AVERAGE(INVESTMENT)
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
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




immediate

17

Ending
MAY
15

MAY
22

MAY
29

APR

MAY

3.84

3.89

3.80

3.73

3.82

3.88
3.89
3.99

3.85
3.85
3.94

3.83
3.84
3.92

3.92
3.93
4.03

4.02
4.04
4.13

3.87
3.88
3.97

3.81
3.85
3.81

3.77
3.79
3.79

3.72
3.72
3.76

3.73
3.73
3.73

3.82
3.83
3.80

3.89
3.91
3.89

3.76
3.77
3.77

3.82
3.92

3.77
3.87

3.71
3.78

3.74
3.81

3.84
3.93

3.92
3.99

3.76
3.85

3.87
3.92
4.07

3.80
3.85
4.00

3.72
3.77
3.90

3.76
3.78
3.90

3.86
3.89
4.03

3.97
4.00
4.13

3.79
3.82
3.96

3.83
3.95
4.14
6.50
3.50

3.75
3.85
4.03
6.50
3.50

3.70
3.78
3.91
6.50
3.50

3.75
3.81
3.94
6.50
3.50

3.85
3.91
4.06
6.50
3.50

3.98
4.05
4.19
6.50
3.50

3.77
3.84
3.99
6.50
3.50

3.71
3.85

3.65
3.78
4.20

3.64
3.74

3.61
3.71

3.75
3.90

3.81
3.93
4.34

3.66
3.78
4.20

3.80
3.98

3.74
3.91

3.72
3.87

3.70
3.83

3.84
4.03

3.90
4.07

3.75
3.91

3.69
3.83
4.12

3.63
3.77
4.06

3.60
3.70
3.93

3.61
3.71
3.92

3.71
3.84
4.06

3.75
3.87
4.09

3.63
3.75
3.99

4.34
5.40
6.02
6.88
7.24
7.59
8.06

4.25
5.30
5.92
6.78
7.16
7.50
7.98

4.12
5.16
5.75
6.65
7.01
7.34
7.86

4.12
5.17
5.73
6.61
6.98
7.29
7.81

4.27
5.26
5.83
6.70
7.07
7.40
7.89

4.30
5.34
5.93
6.78
7.15
7.48
7.96

4.19
5.23
5.81
6.69
7.06
7.39
7.89

7.97

7.90

7.76

7.72

7.81

7.88

7.80

8.37
9.23
8.86
6.69
8.84

8.35
9.20

8.27
9.12
8.64
6.54
8.64

8.23
9.07
8.68

8.24
9.11
8.65
6.58
8.60

8.33
9.21
8.82
6.67
8.85

8.28
9.13

MAY
1

MAY
8

3.65

3.77

3.92
3.95
4.04

12

SEE OVERLEAF FOR FOOTNOTES

8.73
6.64
8.75

6.51
8.53

8.70
6.57
8.67

June 2, 1992

FEDERAL RESERVE BOARD

For immediate release
G.13 (continued)
Daily interest rates
(Yields in p e r c e n t p e r

anmm)

U.S.
Fed
Funds

MAY 1
MAY 9
MAY 5
MAY 6
MAY 7
MAY 8
M A Y 11
M A Y 12
M A Y 13
M A Y 19
M A Y 15
MAY 18
MAY 19
M A Y 20
M A Y 21
M A Y 22
MAY 25
M A Y 26
MA Y 27
MAY 28
MAY 29

3.75
3.80
3.77
3.71
3.79
3.71
3.88
3.75
9.37
3.93
3.96
3.88
3.80
3.75
3.85
3.79
M
9.02
3.78
3.87
3.80

Comm
Paper
3-mo.

CDs
Sec Mkt
3-mo.

3.95
3.99
3.93
3.89
3.89
3.89
3.86
3.85
3.89
3.89
3.86
3.86
3.82
3.78
3.88
3.88
A
3.91
3.95
3.99
3.93

3.91
3.89
3.87
3.89
3.82
3.81
3.82
3.76
3.76
3.75
3.78
3.78
3.75
3.73
3.81
3.83
R
3.85
3.90
3.91
3.89

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

3.63
3.69
3.69
3.62
3.62
3.63
3.69
3.62
3.59
3.57
3.58
3.60
3.59
3.57
3.67
3.68
K
3.79
3.70
3.68
3.70

l-yr.

3.76

9.10

9.28

3.77
3.79
3.75
3.77
3.75
3.73

9.09
9.08
9.03
9.07
9.03
3.99
3.96
3.91
3.90
3.89
3.89
3.81
3.89
9.09
3.99
T
9.10
9.05
9.01
9.06

9.28
9.27
9.22
9.26
9.22
9.18
9.15
9.09
9.09
9.08
9.08
9.00
9.08
9.25
9.19

3.72
3.69
3.69
3.68
3.69
3.62
3.67
3.80
3.78
E
3.87
3.85
3.82
3.83

9.32
9.27
9.29
9.29

Government

Securities

------- T r e a s u r y C o n s t a n t
2-yr.
3-yr.
5-yr.

5.33
5.32
5.30
5.25
5.39
5.29
5.29
5.19
5.19
5.13
5.11
5.12
5.00
5.13
5.39
5.29
C
5.35
5.28
5.22
5.19

5.97
5.95
5.92
5.90
5.96
5.88
5.82
5.78

6.82
6.82
6.80
6.76
6.80
6.73
6.71
6.66

5.72
5.72
5.70
5.69
5.59
5.66
5.89
5.81
L
5.91
5.86
5.79
5.75

6.69
6.63
6.60
6.59
6.97
6.55
6.77
6.69
0
6.79
6.79
6.67
6.61

M a t u r i t i e s ---------7-yr.
10-yr.
30-yr.

7.20
7.21
7.18
7.15
7.16
7.09
7.07
7.02
7.00
7.00
6.96
6.96
6.86
6.93
7.10
7.05
S
7.19
7.11
7.09
7.00

FOOTNOTES
1.

2.
3.
9.
5.
6.
7.
8.
9.
10.
11.
12.
13.
19.
15.
16.
)7.

itote:

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 .
Meekly figures are averages of 7 calendar days ending on Wednesday of the current 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 .
A n n u a l i z e d u s i n g a 360-day y ear or bank interest.
Q u o t e d o n a d i s c o u n t basis.
An average of offering rates on commercial paper placed b y 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 offering rates on paper directly plac e d 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 c ^ e s t r a t e d m o n e y c e n t e r banks.
An ave r a g e of dea l e r o f f ering 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 t i m e .
O n e o f s e v e r a l b a s e rates 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.
Rat e for the 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 ction d ate for d a ily data) weekly and monthly averages c omputed o n a n issue-date basis.
Y i e l d s o n a c t i v e l y t r a d e d issu 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 ates 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 les 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 low y i e l d i n g "flower" bond.
Estimate of the yie l d o n a recently offered* A - rated utility b ond w i t h a maturity of 30 years
and call p r o t ection 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 x e d - r a t e first mortgages.
Source:
FHLMC.

Weekly

and

monthly

figures

are averages

DESCRIPTION OF THE

of

business

TREASURY

days

unless

CONSTANT MATURITY

o t h e r w i s e noted.

SERIES

Y i elds o n T r e a s u r y securities at 'constant maturity' ar e interpolated b y the U.S. Tr e a s u r y from the dai 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 to 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 i t i e s in the o v e r - t h e - c o u n t e r m a r k e t .
Th 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 five 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 F e d e r a l R e s e r v e B a n k 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 v a 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
isethod p r o v i d e s a y i e l d f o r a 1 0 - y e a r m a t u r i t y , f o r e x a m p l e , e v e n i f n o o u t s t a n d i n g s e c u r i t y h a s e x a c t l y
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 .




7.56
7.58
7.56
7.96
7.99
7.91
7.90
7.36
7.39
7.39
7.28
7.28
7.20
7.25
7.39
7.35
E
7.96
7.99
7.36
7.33

8.01
8.03
8.01
7.97
8.00
7.90
7.90
7.86
7.85
7.87
7.81
7.82
7.77
7.79
7.86
7.83
D
7.92
7.91
7.87
7.89