Full text of G.13 Selected Interest Rates : October 6, 1987

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LIBRARY

FEDERAL RESERVE statistical r

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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.
,

FEDERAL RESERVE BANK
OF PHLLADELPHFFIT i"imec,ia*e
°ct°ber

G. 13 (415)

SELECTED INTEREST RATES

release
1987

Yields in percent per annum

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
COS (SECONDARY MARKET)
1-MONTH
3-MONTH
6-MONTH
BANK PRIME LOAN 1 4
DISCOUNT WINDOW BORROWING 1 5
U.S. GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE2 6
3-MONTH
6-MONTH
1-YEAR
AUCTION AVERAGE (INVESTMENT) 6
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.

Week End in<
SEP
18

SEP
25

OCT
2

AUG

SEP

7.21

7.26

7.56

6.73

7.22

7.29
7.40
7.61

7.35
7.45
7.63

7.34
7.44
7.62

7.45
7.64
7.82

6.62
6.71
6.81

7.26
7.37
7.55

6.75
6.68
6.43

7.23
7.08
6.85

7.25
7.10
6.99

7.32
7.27
7.09

7.41
7.30
7.12

6.56
6.49
6.34

7.20
7.08
6.90

6.97
7.09

7.31
7.51

7.35
7.53

7.37
7.53

7.63
7.81

6.64
6.75

7.31
7.48

6.86
7.00
7.31
8.25
5.50

7.25
7.38
7.78
8.68
5.93

7.33
7.41
7.81
8.75
6.00

7.35
7.43
7.79
8.75
6.00

7.46
7.80
8.11
8.75
6.00

6.63
6.75
7.02
8.25
5.50

7.25
7.37
7.74
8.70
5.95

6.19
6.34
6.74

6.45
6.72

6.32
6.64

6.59
6.83
7.32

6.00
6.14
6.52

6.32
6.57
6.74

6.39
6.66

6.66
7.07

6.53
6.99

6.81
7.19

6.19
6.44

6.53
6.91

6.21
6.36
6.89

6.39
6.53
7.16

6.36
6.65
7.10

6.48
6.79
7.14

6.62
6.86
7.30

6.04
6.15
6.54

6.40
6.64
7.11

7.41
8.11
8.41
8.69
9.00
9.18
9.36

7.72
8.39
8.70
8.96
9.29
9.43
9.60

7.65
8.31
8.64
8.94
9.27
9.43
9.61

7.70
8.37
8.71
8.97
9.29
9.45
9.61

7.88
8.58
8.89
9.17
9.48
9.61
9.75

7.03
7.75
8.03
8.32
8.59
8.76
8.97

7.67
8.34
8.67
8.94
9.26
9.42
9.59

9.35

9.60

9.61

9.60

9.72

8.97

9.58

9.87
11.00
10.60
8.05
10.63

10.15
11.23
10.86
8.38
10.91

10.28
11.40
10.93
8.32
10.99

10.25
11.42
11.00
8.30
11.02

10.34
11.49
11.08
8.53
11.18

9.67
10.80
10.37
7.82
10.33

10.18
11.31
10.84
8.26
10.89

SEP
4

SEP
11

6.85

6.95

6.87
6.96
7.12

Weekly figures are averages of 7 calendar days ending on Wednesday of the current week*
monthly figures include each calendar day in the month.
2. Quoted on bank-discount basis.
3. Rates on commercial paper placed for firms whose bond rating is AA or the equivalent.
4. Rate charged by banks on short-term business loans.
5. Rate for the Federal Reserve Bank of New York.
6. Rates on issue-date basis.
7. Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.
8. Unweighted average of all issues outstanding of bonds neither due nor callable in less than
10 years, including one very low yielding "flower" bond.
9. 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 of 5 years) Friday quotations.
10. Bond Buyer Index, general obligation, 20 years to maturity, mixed quality* Thursday quotations.
11. Contract interest rates on commitments for fixed-rate first mortgages. Source: FHLMC.
Note: Weekly and monthly figures are averages of daily rates, except for state & local bonds,
which are based on Thursday figures, and conventional mort gates and A-utility bonds, both

of wfc Lri art based on Friday figures.


4

October 6, 1987

FEDERAL RESERVE BOARD

For immediate release
G. 13 I continued)
Daily interest rates
(Yields in percent per annum)

U.S. Government Securities

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

1
2
3
4
7
8
9
10
11
14
15
16
17
18
21
22
23
24
25
28
29
30

Fed
Funds

Coram
Paper
3-mo.

CDs
Sec Mkt
3-mo.

6.84
6.77
6.84
6.85
M
7.15
7.23
7.19
7.13
7.24
7.42
7.26
7.09
7.05
7.32
7.54
7.74
7.35
7.27
7.48
7.90
8.38

6.93
6.96
6.97
7.08
A
7 23
7.50
7.41
7.46
7.42
7.47
7.48
7.47
7.42
7.41
7.44
7.44
7.45
7.46
7.49
7.53
7.68

6.98
7.00
7.01
7.06

4.12
6.09
6.19
6.38

7.29
7.43
7.35
7.44
7.29
7.41
7.46
7.44
7.45
7.38
7.43
7.43
7.43
7.47
7.49
7.58
8.00

6.44
6.43
6.33
6.35
6.34
6.34
6.34
6.38
6.42
6.51
6.49
6.47
6.41
6.50
6.53
6.69
6.61




R

Treasury Bills
3-mo.
6-mo.
1-yr.

—
1-yr.

6.30
6.35
6.30
6.54

6.76
6.89
6.98
7.10

7.30
7.40
7.50
7.63

7.98
8.15
8.19
8.26

8.29
8.46
8.48
8.56

6.56
6.69
6.38
6 47
6.53
6 66
6.69
6.68
6.68
6.76
6.75
6.74
6.81
6.87
6.89
6.93
6.83

7.22
7.19
7.12
7.11
7.11
7.10
7.11
7.10
7.07
7.12
7.11
7.10
7.17
7.20
7.19
7.28
7.29

7.78
7.75
7.67
7.66
7.67
7.66
7.66
7.65
7.62
7.68
7.67
7.66
7.74
7.77
7.76
7.88
7.92

8.46
8.43
8.36
8.31
8.26
8.30
8.35
8.34
8.30
8.33
8.31
8.31
8.42
8.48
8.48
8.60
8.60

8.75
8.74
8.69
8.62
8.56
8.63
8.70
8.69
8.63
8.67
8.64
8.66
8.77
8.80
8.78
8.92
8.93

K

E

T

Treasury Constant Maturities2-yr.
3-yr.
5-yr.
7-yr.
10-yr.

30-yr.

8.87
9.10
9.10
9.12

9.05
9.28
9.29
9.30

9.24
9.45
9.47
9.47

9.34
9.35
9.26
9 19
9.17
9.29
9.35
9.32
9.22
9.28
9.20
9.24
9.36
9 37
9.38
9.49
9.50

9.50
9.48
9.42
9.33
9.34
9.44
9.52
9.48
9.38
9.45
9.37
9.40
9.51
9.53
9.52
9.64
9.63

9.65
9.66
9.60
9.50
9.52
9.64
9.70
9.65
9.56
9.63
9.53
9.55
9.67
9.68
9.67
9.80
9.79

C

L

8.57
8.77
8.77
8.82
0
9.02
9.00
8.95
8.88
8.87
8.95
9.00
8.98
8.91
8.94
8.91
8.92
9.03
9.06
9.07
9.17
9.21

s

E

D