Full text of G.13 Selected Interest Rates : September 7, 1977

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i
F E D E R A L

R E S E R V E

statistical

SELECTED INTEREST RATES AND BOND PRICES
(Yields In per cent per annum)*
Instruments

. . .

Coupon issues due in: 4/

Price of long-term Treasury bonds 5/6/ .
. .
Average yields on corporate bonds (Moody's) . .

xy

Month
August
July
5.42
5.90
5.38
5.75
5.84
5.41
5.71
5.38
5.88
5.43
6.83
6.75
5.25
5.25

Weekly
Aug. 20
5.94
5.88
5.95
5.83
6.02
6.75
5.25

5.353
5.679

5.669
5.978

5.553
5.891
6.105

5.574
5.849

5.146
5.351

5.500
5.810

5.35
5.69
5.83

5.47
5.81
5.94

5.56
5.92
6.07

5.53
5.87
6.02

5.56
5.86
5.98

5.19
5.40
5.57

5.49
5.83
5.97

6.24
6.52
6.74
7.03
7.27
7.43
7.66
7.71

6.34
6.60
6.81
7.06
7.30
7.45
7.69
7.73

6.48
6.70
6.85
7.08
7.29
7.44
7.68
7.72

6.42
6.64
6.78
7.00
7.18
7.34
7.58
7.63

6.35
6.56
6.72
6.93
7.11
7.27
7.52
7.59

5.94c
6.27
6.51
6.84
7.12
7.33***4
7.60
7.64

6.37
6.61
6.79
7.03
7.24
7.40
7.64
7.68

6.23
6.86
7.03
57.04
8.35
8.00
8.85
5.25

6.29
6.90
7.04
57.03
8.35
8.00
8.82
5.30

6.50
6.97
7.00
57.28
8.35
7.99
8.81
5.30

6.39
6.89
6.92
57.85
8.34
7.96
8.81
5.27

6.35
6.84
6.87
58.23
8.31
7.92
8.80
5.27

Federal funds (effective rate) 1/ . . . . . . .
Commercial paper (prime, 90 to 119 days). . . .
Commercial paper (prime, 4 to 6 mos.) . . . . •
Finance paper placed directly (3 to 6 mos.) . .
Banker's acceptances (prime, 90 days) . . . . .
Prime loan (large business prime rate-majority)
Discount rate (Federal Reserve Bank of New York)
Yields on U.S. Government securities 2/
Auction Average (Issue Slate):
3-month bill *****. .
. 5.424
5.691

Treasury constant maturities 3/
1-year . . . . . . . . . . . .

For Immediate Release
September 7, 1977

Aug. 13
5.70
5.65
5.75
5.53
5.83
6.75
5.25

Aug. 6
5.80
5.54
5.61
5.50
5.70
6.75
5.25

Market Yields:

release

Aug. 27
5.99
5.88
5.95
5.88
5.95
7.00**
5.25

Sept. 3
6.02
5.88
6.00
5.88
5.93
7.00
5.75***

5.89
6.67
6.97
57.48
8.33
7.94
8.87
5.21

State and local government Aaa (Moody's). . . .
2/ 7—day average for statement week ended on preceding Wednesday. 2J Bills quoted on bank discount basis.
3/ Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury Department.
47 Unweighted average of all issues outstanding. 5/ Bonds neither due nor callable in less than 10 years.
6/ Derived from "long-term" yields above on the basis of an assumed 20-year bond with a 3 per cent coupon.
*" Averages of dailv figures except for state and local government, which are based on Thursday figures.
** As of August 22. *** As of August 31. **** July 26 revised to 7.28. ***** The auction average for

December 1976 has been revised to 4.355.



1

6.35
6.90
6.98
57.42
8.34
7.98
8.82
5.28

INTEREST RATES
(Yields in per cent per annum)

G.13 continued

Daily
August
1977

Federal
funds

Comm.
paper
90-119
days

3-mo
bill

6-mo
bill

1-yr
bill

U.S. Government Securities 1/

1
2
3
4
5

5.84
5.81
5.72
5.76
5.73

5.50
5.55
5.50
5.55
5.60

5.35
5.40
5.33
5.35
5.34

5.67
5.70
5.68
5.69
5.70

5.83
5.82
5.81
5.85
5.86

8
9
10
11
12

5.73
5.69
5.56
5.84
5.92

5.60
5.63
5.63
5.63
5.75

5.32
5.53
5.46
5.52
5.51

5.66
5.81
5.82
5.88
5.88

5.82
5.92
5.93

15
16
17
18
19

6.01
6.06
5.91
6.06
5.97

5.88
5.88
5.88
5.88
5.90

5.54
5.67
5.60
5.53
5.48

22
23
24
25
26

6.00
5.99
5.99
6.01
6.00

5.90
5.88
5.88
5.88
5.88

29
30
31

6.05
6.04
6.03

5.88
5.88
5.88

1/

Coupons due in:
3-5 yrs Over 10

6.71
6.75
6.74
6.76
6.74

7.02
7.05
7.02
7.05
7.02

7.28
7.29
7.25
7.27
7.27

7.43
7.44
7.42
7.43
7.42

7.66
7.67
7.65
7.67
7.66

7.70
7.72
7.70
7.70
7.72

6.85
6.89

7.04
7.04
7.03
7.03
7.03

6.52
6.58
6.59
6.64

6.73
6.79
6.79

7.01
7.06
7.07
7.08
7.10

7.26
7.29
7.30
7.31
7.32

7.41
7.45
7.46
7.47
7.48

7.64
7.68
7.70
7.71
7.71

7.71
7.73
7.73
7.74
7-74

6.85

6.04

6.23
6.31
6.33
6.38
6.46

6.90
6.94
6.95

7.02
7.04
7.04
7.04
7.04

5.93
5.97
5.91
5.90
5.88

6.09
6.09
6.04
6.07
6.04

6.48
6.52
6.48
6.47
6.47

6.71
6.74
6.72

7.33
7.32
7.27
7.26
7.25

7.48
7.48
7.44
7.42
7.40

7.72
7.72
7.68
7.65
7.64

7.74
7.74
7.72
7.71
7.68

6.99
7.01
6.96
6.94
6.93

7.03
7.02
7.01
6.98
6.97

5.47
5.55
5.55
5.53
5.54

5.87
5.88
5.89
5.87
5.86

6.04

5.99.

6.46
6.43
6.42
6.40
6.38

5.57
5.59
5.56

5.85
5.86
5.86

5.97
5.98
5.98

6.35
6.36
6.36

6.00

6.01

6.03

6.01

6.19

Treasury constant maturities
2-yr 3-yr 5-yr
7-yr 10-yr 20-yr 30-yr
6.49
6.54
6.53
6.52
6.53

Bills quoted on a bank discount basis.




1-yr

6.28

6.24
6.24

6.26

6.68

6.86
6.87

6.88

6.86
6.86
6.86

6.88

6.67

6.80

7.11
7.12
7.08
7.06
7.04

6.66

6.62
6.62

6.79
6.79
6.79
6.78
6.74

7.05
7.02
7.01
6.98
6.93

7.24
7.20
7.20
7.16
7.12

7.39
7.36
7.35
7.32
7.27

7.63
7.61
7.59
7.56
7.53

7.67
7.65
7.65
7.62
7.58

6.93
6.89
6.90
6.87
6.84

6.96
6.94
6.92
6.91
6.89

6.56
6.56
6.59

6.72
6.74
6.73

6.90
6.93
6.94

7.08
7.10
7.11

7.25
7.27
7.28

7.51
7.52
7.53

7.58
7.59
7.60

6.82

6.87

6.84
6.85

6.68

6.64
6.67

6.89

6.86
6.83

6.88
6.88