Full text of G.13 Selected Interest Rates : May 2, 1989

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F E D E R A L

R E S E R V E

s t a t i s t ^ , p l e a s e

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.
Fs

M i 4 teby

G. 13 ( 4 1 5 )

For

SELECTED INTEREST RATES
Yields

i n p e r c e n t p e r annum

Instruments
FEDERAL FUNDS ( E F F E C T I V E ) 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 B I L L S
AUCTION AVERAGE2 6
3-MONTH
6-MONTH
1-YEAR
AUCTION AVERAGE(INVESTMENT)
3-MONTH
6-MONTH
SECONDARY MARKET 2
3-MQNTH
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) 8
CORPORATE BONDS
MOODY'S SEASONED
AAA
BAA
A-UTILITY 9
STATE & LOCAL BONDS 1 0
CONVENTIONAL MORTGAGES 1 1
1.

FEDERAL RESERVE BANK
OF PHILADELPHIA
MAR
31

APR
7

9.88

9.71

9.95
10.04
10.07

Week E n d i n g
APR
14

immediate r e l e a s e
May 2 , 1 9 8 9

APR
21

APR
28

MAR

APR

9.82

9.95

9.86

9.85

9.84

9.83
9.90
9.90

9.82
9.88
9.87

9.74
9.74
9.69

9.72
9.72
9.65

9.88
9.95
9.97

9.77
9.81
9.78

9.84
9.88
9.40

9.75
9.77
9.30

9.74
9.76
9.35

9.65
9.64
9.28

9.64
9.63
9.23

9.77
9.70
9.17

9.70
9.70
9.29

9.90
9.97

9.75
9.74

9.75
9.74

9.63
9.54

9.60
9.50

9.83
9.87

9.68
9.63

9.98
10.16
10.53
11.50
7.00

9.86
10.03
10.28
11.50
7.00

9.85
10.02
10.27
11.50
7.00

9.77
9,87
10.00
11.50
7.00

9.75
9.84
9.96
11.50
7.00

9.91
10.09
10.40
11.50
7.00

9.81
9.94
10.13
11.50
7.00

9.10
9.12

8.87
8.84

8.71
8.78
8.75

8.57
8.59

8.66
8.72

8.83
8.87
8.68

8.70
8.73
8.75

9.44
9.69

9.20
9.38

9.03
9.32

8.88
9.11

8.98
9.25

9.16
9.42

9.02
9.26

9.00
9.06
8.94

8.82
8.77
8.74

8.69
8.75
8.73

8.55
8.51
8.56

8.53
8.59
8.52

8.82
8.85
8.82

8.65
8.65
8.64

9.71
9.81
9.74
9.61
9.47
9.37
9.17

9.47
9.52
9.47
9.36
9.29
9.20
9.05

9.48
9.56
9.53
9.42
9.36
9.27
9.10

9.28
9.39
9.35
9.25
9.19
9.14
9.00

9.22
9.33
9.26
9.16
9.13
9.09
8.95

9.57
9.68
9.61
9.51
9.43
9.36
9.17

9.36
9.45
9.40
9.30
9.24
9.18
9.03

9.32

9.21

9.26

9.15

9.10

9.33

9.18

9.88
10.69
10.32
7.64
11.19

9.81
10.60
10.40
7.56
11.07

9.80
10.66
10.33
7.54
11.11

9.80
10.61
10.33
7.44
10.99

9.75
10.59
10.22
7.40
11.02

9.80
10.67
10.37
7.59
11.03

9.79
10.61
10.33
7.49
11.05

6

M 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 Wednesday 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 each c a l e n d a r day i n t h e month.
2.
Quoted on b a n k - d i s c o u n t b a s i s .
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 i s AA o r t h e e q u i v a l e n t .
4.
One 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 t o p r i c e s h o r t - t e r m b u s i n e s s l o a n s .
5.
R a t e f o r t h e F e d e r a l R e s e r v e Bank o f New Y o r k .
6.
Rates on i s s u e - d a t e b a s i s .
7.
Y i e l d s on a c t i v e l y traded issues a d j u s t e d to constant m a t u r i t i e s .
Source:
U.S. Treasury.
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 o f bonds n e i t h e r due n o r c a l l a b l e i n l e 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.
E s t i m a t e o f t h e y i e l d o n a r e c e n t l y o f f e r e d , A - r a t e d u t i l i t y b o n d w i t h a m a t u r i t y o f 30 y e a r s
and c a l l p r o t e c t i o n o f 5 years', F r i d a y q u o t a t i o n s .
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 t o 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.
C o n t r a c t i n t e r e s t r a t e s on commitments f o r f i x e d - r a t e f i r s t mortgages.
Source:
FHLMC.
Note:
Weekly and m o n t h l y f i g u r e s a r e averages of d a i l y r a t e s , except f o r s t a t e & l o c a l b o n d s ,
w h i c h a r e based on Thursday f i g u r e s , and c o n v e n t i o n a l mortgages and A - u t i l i t y b o n d s , b o t h
o f w h i c h a r e based on F r i d a y f i g u r e s .




May 2> 1989

FEDERAL RESERVE BOARD

For immediate r e l e a s e
G.13 ( c o n t i n u e d )
Daily interest rates
( Y i e l d s i n p e r c e n t p e r annum)

U.S. Government S e c u r i t i e s
Fed
Funds

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

3
4
5
6
7
10
11
12
13
14
17
18
19
20
21
24
25
26
27
28

9..92
9..52
9. 28
9..85
9. 83
9. 8 5
9..79
9..78
9,.84
9..83
9. 8 9
9 .71
10.. 7 1
9. 8 9
9.. 8 7
9 .88
9. 8 5
9..82
9..85
9..82




Comm
Paper
3-mo.

9..94
9.. 9 1
9. 8 7
9 88
9 88
9..89
9 88
9..87
9..88
9..86
9..79
9..73
9..69
9,.72
9 .77
9..77
9. 76
9..72
9..70
9..65

CDs
Sec M k t
3-mo.

10
10
10
10
10
10
10
10
10
10
9
9
9
9
9
9
9
9
9
9

.06
.05
.01
.04
.01
.04
.02
.02
.03
.01
.93
.83
.84
.83
.94
.92
.89
.84
.80
.75

Treasury B i l l s
3-mo.
6-mo.
1-yr.

8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8

.82
.81
.82
.84
.80
.73
.68
.66
.77
.61
.61
.43
.43
.64
.64
.67
.63
.53
.41
.41

8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8

.87
.74
.72
.76
.78
.76
.78
.77
.83
.61
.64
.41
.39
.49
.60
65
67
.61
.50
.50

8 .77
8 .70
8 71
8 .76
8 .76
8 .74
8 .74
8 .75
8 .82
8 .60
8 64
8 .44
8 47
8 64
8 61
8 . 64
8 . .57
8 52
8 44
8 44

1-yr.

2-yr.

9..50
9. 42
9..42
9..49
9..52
9. 4 9
9..50
9,. 5 1
9. 5 9
9 .33
9. 37
9..14
9. 17
9..37
9. 33
9 .36
9. 28
9..22
9..13
9 .12

9 .56
9 .47
9.. 4 5
9 .54
9 .57
9.. 5 7
9 .57
9 .59
9..66
9..43
9..48
9 .28
9 .30
9..46
9..44
9..46
9., 4 1
9..34
9..23
9 ,22

Treasury Constant M a t u r i t i e s 3-yr.
5-yr.
7-yr.
10-yr.

9.50
9.44
9.40
9.47
9.54
9.53
9.53
9.56
9.62
9.40
9.44
9.24
9.27
9.41
9.37
9.37
9.32
9.29
9.18
9.15

9. 39
9. 3 1
9. 3 1
9. 35
9. 42
9. 4 3
9. 4 2
9..44
9. 5 0
9. 29
9. 33
9. 14
9. 17
9. 32
9. 27
9. 26
9. 2 1
9. 18
9. 10
9. 06

9. 29
9. 24
9. 24
9. 30
9. 38
9. 38
9. 38
9. 39
9. 4 1
9. 25
9. 27
9, 10
9. 13
9. 26
9. 2 1
9. 2 1
9. 16
9. 15
9..07
9..04

9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.
9.

21
17
17
20
27
27
27
29
34
18
20
06
08
20
15
15
12
11
05
02

30-yr.

9.07
9.03
9.02
9.04
9.11
9.10
9.10
9.11
9.15
9.04
9.06
8.94
8.96
9.03
8.99
8.99
8.97
8.96
8.92
8.91