Full text of G.13 Selected Interest Rates : October 4, 1988

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1

FEDERAL RESERVE statistical release
These data are scheduled for release on the first Tuesday of each month. Thq&ygil#
when the information is available, on (202) 452-3206.

OCT 5 1988

6.13 (415)

SELECTED INTEREST RATES

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 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-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 1 1
1.

OFP£
SEP
9

SEP
16

8.15

8.15

8.20
8.36
8.48

^PHIA
SEP
23

SEP
30

AUG

SEP

8.13

8.17

8.24

8.01

8.19

8.09
8.19
8.26

8.05
8.13
8.19

8.03
8.10
8.15

8.13
8.18
8.24

8.09
8.26
8.36

8.09
8.17
8.23

7.94
8.07
7.69

7.91
7.90
7.69

7.89
7.91
7.69

7.92
7.90
7.71

8.09
8.04
7.76

7.96
7.95
7.57

7.96
7.95
7.71

8.24
8.38

8.09
8.18

8.04
8.12

7.99
8.07

8.09
8.17

8.19
8.30

8.06
8.15

8.18
8.41
8.78
10.00
6.50

8.13
8.26
8.53
10.00
6.50

8.10
8.19
8.44
10.00
6.50

8.06
8.16
8.43
10.00
6.50

8.14
8.24
8.50
10.00 "
6.50

8.08
8.35
8.66
9.84
6.37

8.12
8.23
8.50
10.00
6.50

7.26
7.50
7.72

7.26
7.40

7.21
7.41

7.17
7.34

7.23
7.48
7.48

7.02
7.36
7.40

7.23
7.43
7.60

7.50
7.90

7.50
7.79

7.45
7.80

7.40
7.73

7.47
7.88

7.24
7.75

7.46
7.82

7.28
7.47
7.65

7.30
7.42
7.52

7.18
7.38
7.45

7.19
7.39
7.51

7.30
7.51
7.60

7.06
7.39
7.59

7.24
7.43
7.53

8.24
8.66
8.79
8.92
9.10
9.21
9.27

8.09
8.45
8.56
8.68
8.86
8.98
9.03

8.01
8.40
8.52
8.64
8.81
8.93
9.00

8.07
8.44
8.54
8.67
8.85
8.96
9.05

8.18
8.52
8.62
8.73
8.90
8.99
9.08

8.17
8.63
8.77
8.94
9.13
9.26
9.32

8.09
8.46
8.57
8.69
8.87
8.98
9.06

9.26

9.03

9.02

9.06

9.09

9.33

9.06

10.14
11.21
10.30
7.76
10.65

9.95
11.13
10.22
7.67
10.53

9.84
11.02
10.21
7.59
10.40

9.73
10.78
10.31
7.62
10.40

9.67
10.59
10.29
7.64
10.42

10.11
11.21
10.45
7.79
10.60

9.82
10.90
10.26
7.66
10.48

SEP
2

6

For i m m e d i a t e r e l e a s e
O c t o b e r 4 , 1988

FEDERAL RESERVEBANK

Y i e l d s i n p e r c e n t p e r annum

Instruments

nnounced

W 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 e a c h c a l e n d a r day i n t h e m o n t h .
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 whose 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.
Rate c h a r g e d by banks on s h o r t - t e r m business 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 t r a d e d issues a d j u s t e d t o c o n s t a n t 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 b o n d s n e i t h e r ckje 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 y e a r s ; F r i d a y q u o t a t i o n s .
10.
Bond 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 c y j 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 o f d a i l y r a t e s , e x c e p t f o r s t a t e & l o c a l bonds,
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 .




f

O c t o b e r 4 , 1988

FEDERAL RESERVE BOARD

For i m m e d i a t e 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

SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP
SEP

1
2
5
6
7
8
9
12
13
14
15
16
19
20
21
22
23
26
27
28
29
30

8 .27
8 .27

M

7. 98
7. 74
8 . 13
8 . 13
8 . 17
8. 11
8 . 09
8 . 24
8 . 08
8 . 05
8 . 06
8 63
8 .28
8. 21
8 . 27
8 . 26
8 . 25
8 . 39
8 . 54




A

Comm
Paper
3-mo.

CDs
Sec Mkt
3-mo.

8 37
8 32

8 42
8 .36

8,
8
8.
8.
8.
8.
8.
8.
8.
8.
8.
8.
8.
8.
8.
8.
8.
8.
8.

R

26
16
18
16
16
17
11
11
11
09
08
10
11
11
11
14
20
22
23

K

E

8 .29
8 .22
8 27
8 . 24
8 . 22
8 . 22
8 . 16
8 . 17
8 . 19
8 . 17
8 . 17
8 . 17
8 . 13
8 . 16
8 . 17
8 . 20
8 . 28
8 . 25
8 . 29

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

7. 28
7. 22

T

7. 26
7. 33
7. 32
7. 28
7. 23
7. 17
7. 16
7. 17
7. 15
7. 13
7. 20
7. 19
7. 20
7. 23
7. 30
7. 33
7 . 34
7. 29
7. 25

7.49
7.40
7.41
7.42
7.43
7.42
7.40
7.40
7.35
7.38
7.37
7.39
7.38
7.37
7.39
7.44
7.49
7.55
7.56
7.49
7.46

7.65
7.50

C

7.51
7.52
7.53
7.51
7.51
7.46
7.40
7.43
7.46
7.49
7.50
7.49
7.52
7.53
7.59
7.63
7.64
7.60
7.56

L

1-yr.

2-yr.

8.24
8.06

8 .68
8 .45

0

8.08
8.09
8.10
8.07
8.08
8.02
7.95
7.98
8.02
8.05
8.07
8.05
8.09
8.09
8.17
8.21
8.23
8.18
8.13

s

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

.47
.45
.45
.42
.44
.40
.36
.39
.40
.44
.45
.40
.44
.47
.52
.55
.59
.53
.43

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

8.82
8.58

E

D

8.58
8.57
8.58
8.52
8.55
8.52
8.47
8.51
8.53
8.55
8.56
8.51
8.54
8.56
8.61
8.66
8.69
8.63
8.52

30-yr.

8 .95
8 .70

9.14
8.87

9..25
9 .00

9. 3 1
9. 05

8 .70
8 . 69
8 . 69
8 . ,62
8 , 66
8 65
8 , 59
8 63
8 .65
8 69
8 68
8 , 64
8 . 67
8 . 69
8 . 73
8 . 77
8. 81
8 . 73
8 61

8.88
8.87
8.88
8.82
8.85
8.83
8.77
8.80
8.82
8.86
8.86
8.82
8.85
8.86
8.90
8.94
8.97
8.89
8.78

8 .99
8 .99
8 .99
8 .93
8 . 97
8 ..94
8 .88
8 .91
8 .93
8 .97
8 .97
8 .93
8 .95
8 .97
9..00
9. 04
9, 06
8 , 98
8 , 87

9. 05
9. 04
9. 05
8 . 99
9, 04
9. 0 1
8 . 96
9,.00
9..01
9. 07
9 06
9 .02
9..05
9 05
9 .09
9.. 1 1
9. 15
9. 08
8 . 98

iaSi'.,
FEDERAL RESERVE statistical release
These data are scheduled for release on the first Tuesday of each month. Thee&vjfilipijgyfflfjglfcrgW^e^^l be^fnnounced
when the information is available, on (202) 452-3206.

OCT 5 1988

G.13 ( 4 1 5 )

SELECTED INTEREST RATES

FEDERAL RESERVE BANK

Y i e l d s i n p e r c e n t p e r annum

o p p a
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 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-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) 8
CORPORATE BONDS
MOODY'S SEASONED
AAA
BAA
A-UTILITY 9
STATE & LOCAL BONDS 1 0
CONVENTIONAL MORTGAGES 1 1
1.

For i m m e d i a t e r e l e a s e
O c t o b e r 4 , 1988

SEP
2

SEP
9

SEP
16

m i A
SEP
23

SEP
30

AUG

SEP

8.15

8.15

8.13

8.17

8.24

8.01

8.19

8.20
8.36
8.48

8.09
8.19
8.26

8.05
8.13
8.19

8.03
8.10
8.15

8.13
8.18
8.24

8.09
8.26
8.36

8.09
8.17
8.23

7.94
8.07
7.69

7.91
7.90
7.69

7.89
7.91
7.69

7.92
7.90
7.71

8.09
8.04
7.76

7.96
7.95
7.57

7.96
7.95
7.71

8.24
8.38

8.09
8.18

8.04
8.12

7.99
8.07

8.09
8.17

8.19
8.30

8.06
8.15

8.18
8.41
8.78
10.00
6.50

8.13
8.26
8.53
10.00
6.50

8.10
8.19
8.44
10.00
6.50

8.06
8.16
8.43
10.00
6.50

8.14
8.24
8.50
10.00 "
6.50

8.08
8.35
8.66
9.84
6.37

8.12
8.23
8.50
10.00
6.50

7.26
7.50
7.72

7.26
7.40

7.21
7.41

7.17
7.34

7.23
7.48
7.48

7.02
7.36
7.40

7.23
7.43
7.60

7.50
7.90

7.50
7.79

7.45
7.80

7.40
7.73

7.47
7.88

7.24
7.75

7.46
7.82

7.28
7.47
7.65

7.30
7.42
7.52

7.18
7.38
7.45

7.19
7.39
7.51

7.30
7.51
7.60

7.06
7.39
7.59

7.24
7.43
7.53

8.24
8.66
8.79
8.92
9.10
9.21
9.27

8.09
8.45
8.56
8.68
8.86
8.98
9.03

8.01
8.40
8.52
8.64
8.81
8.93
9.00

8.07
8.44
8.54
8.67
8.85
8.96
9.05

8.18
8.52
8.62
8.73
8.90
8.99
9.08

8.17
8.63
8.77
8.94
9.13
9.26
9.32

8.09
8.46
8.57
8.69
8.87
8.98
9.06

9.26

9.03

9.02

9.06

9.09

9.33

9.06

10.14
11.21
10.30
7.76
10.65

9.95
11.13
10.22
7.67
10.53

9.84
11.02
10.21
7.59
10.40

9.73
10.78
10.31
7.62
10.40

9.67
10.59
10.29
7.64
10.42

10.11
11.21
10.45
7.79
10.60

9.82
10.90
10.26
7.66
10.48

h

6

W 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 e a c h c a l e n d a r day i n t h e m o n t h .
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 whose 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.
Rate c h a r g e d by banks on s h o r t - t e r m business 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 t r a d e d issues a d j u s t e d t o c o n s t a n t m a t u r i t i e s .
Source:
U.S. T r e a s u r y .
a.
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 b o n d s 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 y e a r s ; F r i d a y q u o t a t i o n s .
10.
Bond 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 o f d a i l y r a t e s , e x c e p t 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 .