Full text of G.13 Selected Interest Rates : May 1, 1990

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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FEDERAL RESERVE statistical
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These data are scheduled for release on the first Tuesday of each month. The availability of the release will be annWhtiro
when the information is available, on (202) 452-3206.

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6.13 (415)

release

SELECTED INTEREST RATES
Yields in percent per a m u n

Instruments
FEDERAL FUNDS (EFFECTIVE) 1 2 3
COMMERCIAL PAPER 3 4 5
1-MONTH
3-MONTH
6-MONTH
FINANCE PAPER PLACED DIRECTLY 3 4 6
1-MONTH
3-MONTH
6-MONTH
BANKERS ACCEPTANCES (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
BANK PRIME LOAN 2 3 1 0
DISCOUNT WINDOW BORROWING 2 1 1
U.S. GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE3 4 1 2
3-MONTH
6-MONTH
1-YEAR
AUCTION AVERAGE (INVESTMENT) 1 2
3-MONTH
6-MONTH
SECONDARY MARKET 3 4
3-MONTH
6-MONTH
1-YEAR
TREASURY CONSTANT MATURITIES 1 3
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10-YEAR
30-YEAR
COMPOSITE
OVER 10 YEARS(LONG-TERM) 1 4
CORPORATE BONDS
MOODY'S SEASONED
AAA
BAA
A-UTILITY 15
STATE & LOCAL BONDS 1 6
CONVENTIONAL MORTGAGES 1 7




Meek Ending
APR
13

APR
20

APR
27

MAR

APR

8.25

8.27

8.24

8.28

8.26

8.34
8.30
8.28

8.30
8.24
8.21

8.30
8.27
8.24

8.35
8.37
8.38

8.32
8.28
8.23

8.32
8.30
8.29

8.25
8.08
7.52

8.25
8.09
7.61

8.20
8.08
7.61

8.20
8.10
7.74

8.27
8.20
7.96

8.23
8.04
7.49

8.23
8.13
7.74

8.18
8.15

8.17
8.14

8.14
8.09

8.18
8.14

8.30
8.32

8.15
8.11

8.21
8.18

8.31
8.35
8.52

8.31
8.37
8.54

8.29
8.35
8.47

8.30
8.38
8.51

8.38
8.53
8.72

8.30
8.35
8.48

8.32
8.42
8.57

8.29
8.38
8.56
10.00
7.00

8.31
8.40
8.68
10.00
7.00

8.28
8.38
8.50
10.00
7.00

8.31
8.40
8.53
10.00
7.00

8.38
8.55
8.76
10.00
7.00

8.29
8.37
8.53
10.00
7.00

8.32
8.44
8.62
10.00
7.00

7.85
7.83

7.83
7.81

7.80
7.80
7.72

7.71
7.75

7.78
7.91

7.87
7.83
7.76

7.78
7.82
7.72

8.12
8.26

8.10
8.24

8.07
8.23

7.97
8.18

8.05
8.35

8.14
8.26

8.05
8.25

7.85
7.84
7.75

7.77
7.77
7.71

7.78
7.78
7.70

7.76
7.81
7.81

7.78
7.94
7.94

7.90
7.85
7.76

7.77
7.84
7.80

8.34
8.61
8.63
8.57
8.62
8.56
8.53

8.29
8.57
8.62
8.59
8.65
8.59
8.56

8.29
8.55
8.61
8.60
8.65
8.62
8.58

8.41
8.75
8.80
8.79
8.84
8.83
8.80

8.57
8.95
9.02
9.01
9.04
9.02
9.00

8.35
8.63
8.63
8.60
8.65
8.59
8.56

8.40
8.72
8.78
8.77
8.81
8.79
8.76

8.71

8.74

8.74

8.97

9.15

8.74

8.92

9.37
10.20
9.98
7.33
10.22

9.38
10.22
9.93
7.33
10.26

9.38
10.18
9.96
7.31
10.25

9.45
10.29
10.25
7.39
10.41

9.59
10.45
10.32
7.51
10.56

9.37
10.21
9.92
7.29
10.27

9.45
10.29
10.09
7.39
10.37

MAR
30

APR
6

8.26

8.33

8.35
8.30
8-27

SEE OVERLEAF FOR FOOTNOTES

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May 1, 1990

V
,

For immediate release
G.13 (continued)
Daily interest rates
(Yields in percent per a m u m )

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1

APR
APR
APR
APR
APR
APR
APR
APR
APR
APR
APR
APR
APR
APR
APR
APR
APR
APR
APR
APR
APR

2
3
4
5
6
9
10
11
12
13
16
17
18
19
20
23
24
25
26
27
30

Fed
Funds

Comm
Paper
3-mo.

CDs
Sec Met
3-mo.

8.34
8.31
8.37
8.31
8.26
8.24
8.21
8.20
8.21
8.18
8.31
8.39
8.46
8.31
8.24
8.25
8.21
8.21
8.21
8.18
8.23

8.30
8.31
8.31
8.30
8.26
8.26
8.25
8.23
8.22
M
8.22
8.26
8.27
8.29
8.29
8.33
8.34
8.37
8.39
8.42
8.42

8.36
8.38
8.39
8.38
8.34
8.36
8.36
8.35
8.32
A
8.31
8.36
8.36
8.43
8.44
8.48
8.50
8.53
8.56
8.60
8.58

U.S. Government Securities
Treasury Bills
6-mo.
3-mo.
1-yr.
7.78
7.82
7.75
7.76
7.76
7.82
7.78
7.76
7.76
R
7.74
7.76
7.81
7.79
7.69
7.73
7.76
7.79
7.82
7.79
7.79

7.80
7.82
7.74
7.75
7.74
7.80
7.78
7.77
7.78
K
7.76
7.80
7.86
7.84
7.81
7.87
7.92
7.95
8.00
7.94
7.99

7.75
7.74
7.69
7.70
7.67
7.70
7.70
7.69
7.70
E
7.70
7.78
7.87
7.85
7.83
7.88
7.93
7.95
8.01
7.95
7.96

1-yr.

2-yr.

3-yr.

5-yr.

7-yr.

10-yr.

30-yr.

8.34
8.32
8.27
8.28
8.26
8.29
8.29
8.28
8.29
T
8.29
8.38
8.49
8.46
8.44
8.50
8.55
8.57
8.64
8.57
8.58

8.62
8.61
8.54
8.54
8.52
8.54
8.54
8.56
8.57
C
8.61
8.70
8.79
8.81
8.82
8.87
8.92
8.95
9.03
8.98
8.96

8.67
8.65
8.59
8.60
8.58
8.60
8.59
8.62
8.63
L
8.66
8.75
8.84
8.86
8.88
8.91
8.98
9.01
9.11
9.07
9.05

8.65
8.64
8.56
8.57
8.55
8.58
8.58
8.60
8.62
0
8.65
8.73
8.84
8.84
8.88
8.92
8.96
9.00
9.09
9.06
9.04

8.69
8.69
8.62
8.63
8.61
8.65
8.65
8.63
8.65
S
8.69
8.78
8.88
8.88
8.95
8.97
9.01
9.03
9.10
9.09
9.06

8.65
8.63
8.55
8.57
8.56
8.59
8.60
8.63
8.64
E
8.68
8.77
8.86
8.87
8.95
8.98
9.00
9.01
9.07
9.06
9.04

8.63
8.61
8.52
8.52
8.52
8.55
8.57
8.58
8.60
D
8.64
8.74
8.85
8.86
8.93
8.96
8.98
8.98
9.04
9.04
9.00

FOOTNOTES
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.

The daily effective federal funds rate is a weighted average of rates on trades through N.Y. brokers.
Weekly figures are averages of 7 calendar days ending on Hecfriesday of the current week*
monthly figures include each calendar day in the month.
Annualized using a 360-day year or bank interest.
Quoted on a discount basis.
An average of offering rates on commercial paper placed by several leading dealers
for firms whose bond rating is AA or the equivalent.
An average of offering rates on paper directly placed by finance companies.
Representative closing yields for acceptances of the highest rated money center banks.
An average of dealer offering rates on nationally traded certificates of deposit.
Bid rates for Eurodollar deposits at 11 a.m. London time.
One of several base rates used by banks to price short-term business loans.
Rate for the Federal Reserve Bank of New York.
Auction date for daily data* weekly and monthly averages computed on an issue-date basis.
Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.
Unweighted average of rates on all outstanding bonds neither due nor callable in less than 10 years,
including one very low yielding "flower" bond.
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 quotations.
Bond Buyer Index, general obligation, 20 years to maturity, mixed quality; Thursday quotations.
Contract interest rates on commitments for fixed-rate first mortgages. Source: FHLMC.

Note:

Weekly and monthly figures are averages of business days unless otherwise noted.

DESCRIPTION OF THE TREASURY CONSTANT MATURITY SERIES
Yields on Treasury securities at 'constant maturity* are interpolated by the U.S. Treasury from the daily
yield curve. This curve, which relates the yield on a security to its time to maturity, is based on the
closing market bid yields on actively traded Treasury securties in the over-the-counter market.
These market yields are calculated from composites of quotations reported by five leading U.S.
Government securities dealers to the Federal Reserve Bank of New York. The constant maturity yield values
are read from the yield curve at fixed maturities, currently 1, 2, 3, 5, 7, 10, and 30 years. This
method provides a yield for a 10-year maturity, for example, even if no outstanding security has exactly
10 years remaining to maturity.




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