Full text of G.13 Selected Interest Rates : October 3, 1978

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.#&. FEDERAL

RESERVE
SELEGTED

13

INTEREST RATES AND BOND PRICES
(Yields in per cent per annum) 1/

Instruments

Commercial paper (prime, 4 to 6 m o s . ) . . . . . .
Finance paper placed directly (3 to 6 mos.) . . .
Bankers' acceptances (prime, 90 days) . . . . . .
Prime loan (large business prime rate-majority) .
Discount rate (Federal Reserve Bank of New York).
U.S. Government securities 3/
Auction Average (Issue date):

Weekly
Sept. 16
8.33
8.39
8.43
8.14
8.44
9.50
7.75

For Immediate Release
October 3, 1978
Monthly
Aug.
Sept.
8.04
'%.45
7.83
8.39
7.90
8.44
7.65
8.18
7.98
8.54
9.01
9.41
7.83
7.43

Sept. 2
8.28
7.97
8.03
7.74
8.19
9.25
7.75

Sept. 9
8.30
8.18
8.24
7.98
8.31
9.25
7.75

7.323
7.550

7.659
7.742

7.695
7.793

7.884
7.979
7.945

8.106
8.276

7.036
7.363

7.836
7.948

7.50
7.65
7.86

7.60
7.69
7.86

7.77
7.87
7.95

8.02
8.10
8.08

7.96
8.28
8.16

7.08
7.37
7.73

7.85
7.99
8.01

8.47
8.46
8.37
8.39
8.39
8.38
8.43
8.45

8.46
8.45
8.35
8.37

8.34
8.39
8.41

8.56
8.45
8.34
8.35
8.33
8.31
8.36
8,38

8.72
8.62
8.45
8.46
8.46
8.46
8.49
8.50

8.81
8.73
8.49
8.52
8.54
8.55
8.61
8.59

8.31
8.37
8.33
8.33
8.38
8.41
3.45
8.47

8.64
8.57
8.41
8.43
8.42
8.42
8.47
8.47

8.33
7.77
51.98

8.32
7.73
52.26

8.40
7.83
51.59

8.48
7.94
50.88

8.31
7.87
51.32

8.38
7.82
51.67

9.08
8.77
9.46
5.60

9.08
3.69
9.48
5.56

9.08
8.78
9.47
5.53

9.78

9.79

9.76

Sept. 23
8.36
8.48
8.51
8.27
8.62
9.50
8.00

Sept. 30
8.62
8.56
8.60
8.37
8.82
9.75
8.00

Market Yields:

Treasury constant maturities

Coupon issues due in:

4/

a . 35

5/

10 years or more (long-term) j>/ . . . .
Price of long-term Treasury bonds 6/7/ .... . . .

8.36
7.82
51.68

Corporate bonds (Moody's), all industries . . . .
Aaa
. . . • * * • * * • • .# • # » • . . . •. •

9.05
8.67
9.46
5.50

9.04
8.67:
9.43
5.50

Conventional mortgages

9.75

9.75

BACK FOR FOOTNOTES
DigitizedSEE
for FRASER


8/

. . . . . .

9,01
..

8.63
9.40
5.40
9.75

9.03
-8..70,, .
9.39
5.60
9.75

|INTEREST RATES
(Yields' in per cent per annum)

G.13 continued

1

8.33

Comm.
paper
90-119
days
7.99,

4
5
6
7
8

M
8,37
8.00
8.27
8.31

• •• A 8.10
8.19
8.19
8.23

R
7.57
7.58
7.59
7.67

K
7.67
7.66
7.68
7.74

E
7.84
7.83
7.85:
7.91

. 7 .80
7.85
7.85
, 7.87
7.97

7.-92
7,93
7.93
7.95
8.00

8.52
8.54
8.52
8.59
8.64

8.43
8.45
8.45
8.45
8.49

8.02
8.03
8.08
8.07
8.18

8.66
8.67
8.73
8.70
8.84

8.52
8.54
8.69
8.73

8.52

8.18
8.16
8.16
8.13
8.17

8.84
8.81
8,81
8 .'77
8.81 ;

8.75
8.75
8.74
8.72
8.70

Daily
1978
September

1/
2/
4/
5/
~~
7/
8/

Federal
funds

U.S. Government Securities 3/
3-mo
bill
7.70

6-mo.
bill
7.75

1-yr
bill
7.90

11
12
13
14
15

8.44 ^
8.38
8.31
8.37
8.35

8.30
8.38
8.39
8.43
8.46

7.7L
7.75
7.76
7.77
7.88

18
19
20
21
22

8.39
8.34
8.38
8.49
8.50

8.46
8.46
8.46
8.50
8.50

7.90
"I . 95

8.08

8.04
8.15

8.01
8.03
8.11
8.10
8.25

25
26
27
28
29

8.73
8.92
8.68
8.81
8.90

8.50
8.56
8.56
8.58
8.61

8.09
8.01
7.89
7.83
7.98

8.27
8.28
8.30
8.26
8.31

. -: , Treasury cmstant
<j
maturities
• 3-yr
5-yr
7-yr
10-yr
20-yr
- 8.38 8,42
8.41
8.38
8.44

1-yr,
8.50

2-yr
8.50

8.44
8.43
8.44
8.51

8.46 ^ 8.38
8.34
8.44
8.44 , 8.34
8.46
8.35

c

T

8.60

L
8.38
8.38
8.36;
8.37

0
8.35
8.33
8.35
8.36

S
8.34

• 8,34
8.34
8.34
8,34
8.35

8,33
8.35
8.34
8.36
8.39

8.38
8.41
8.44

30-yr
8.45

8.34

E
8.40
8.39
8.39
8.39

D
8.41
8.40
8.41
8.40

8.30
8.32
8.31
8.33
8.37

8.31
8.29
8.30
8.32
8.35

8.37
8.34
8.35
8.37
8.38

8.38
8.36
8.37
8.38
8.40

8.41
8.44
8.46
8.48

8.49

8.50

8.40
8.41
8.47
8.52
8.52

8.37
8.38
8.46
8.51
8.56

8.40
8.43
8.50
8.53
8.60

8.43
8.45
8.51
8.53
8.59

8.50
8.50
8.49
. 8.49
8.49

8.54
8.51
8.52

8.56

8.61
8.60

8.57

8.50

8.54

8.56
8.53
8.54
8.54
8.56

8.61
8.63

8.59
8.60
8.61

8.51

8.53
8.54

8.53

8.35

8.34

8.61

8.58

Average of daily figures except for State and local government and conventional mortgages, which are based on
Thursday and Friday figures, respectively.
.
7-day average for statement week ended on preceding Wednesday. 3/ Bills quoted on bank discount basis.
Yields on actively traded issues adjusted to'.constant maturities. Source:. U..S< „ Treasury Department.
Unweighted average of all issues outstanding.. . 6^/ Bonds neither due nor callable in less than 10 years,
including a number of very low yielding "flower"- bonds.
Derived from "long-term" yields above on the basis of an assumed 20-year bond with a 3 per cent coupon.
Contract interest rates on commitments for #i!rst mortgages. Sourcey
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