Full text of G.13 Selected Interest Rates : September 7, 1988

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FEDERAL RESERVE ss t
:

a t i

f9HMW

These data are scheduled for release on the first Tuesday of each month. T j & a ^ A a M w y J 3 ^ « C # e a # A f i l A e announced
a
when the information is available, on (202) 452-3206.

SEP

G. 13 ( 4 1 5 )

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 BILLS
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

AUG
5

1.

6

1988

For i m m e d i a t e r e l e a s e
September 7 , 1988

FEDERAL RESERVE BANK

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

Instruments

8

\JrjL Al A A 1,3 tl »
Week Endinc ;
AUG
AUG
19
12

AUG
26

SEP
2

JUL

AUG

7.84

7.75

8.19

8.02

8.15

7.75

8.01

7.85
8.00
8.08

8.04
8.21
8.33

8.23
8.39
8.49

8.18
8.36
8.48

8.20
8.36
8.48

7.72
7.82
7.90

8.09
8.26
8.36

7.76
7.75
7.34

7.95
7.85
7.47

8.13
8.07
7.69

8.07
8.06
7.69

7.94
8.07
7.69

7.62
7.55
7.19

7.96
7.95
7.57

7.94
8.02

8.15
8.28

8.31
8.41

8.30
8.42

8.24
8.38

7.77
7.85

8.19
8.30

7.85
8.10
8.37
9.50
6.00

8.01
8.28
8.59
9.50
6.14

8.21
8.49
8.79
10.00
6.50

8.18
8.48
8.82
10.00
6.50

8.18
8.41
8.78
10.00
6.50

7.73
7.94
8.18
9.29
6.00

8.08
8.35
8.66
9.84
6.37

6.89
7.15
7.40

6.94
7.26

7.05
7.51

7.18
7.51

7.26
7.50
7.72

6.73
6.97
7.04

7.02
7.36
7.40

7.11
7.52

7.16
7.64

7.28
7.92

7.42
7.92

7.50
7.90

6.94
7.32

7.24
7.75

6.89
7.13
7.34

6.98
7.39
7.59

7.03
7.52
7.68

7.20
7.48
7.69

7.28
7.47
7.65

6.73
6.99
7.22

7.06
7.39
7.59

7.89
8.36
8.52
8.67
8.90
9.04
9.11

8.17
8.61
8.76
8.94
9.13
9.27
9.30

8.27
8.73
8.85
9.05
9.22
9.36
9.42

8.28
8.75
8.89
9.06
9.24
9.36
9.42

8.24
8.66
8.79
8.92
9.10
9.21
9.27

7.75
8.28
8.44
8.66
8.91
9.06
9.14

8.17
8.63
8.77
8.94
9.13
9.26
9.32

9.14

9.35

9.44

9.43

9.26

9.20

9.33

10.00
11.16
10.31
7.69
10.44

10.10
11.20
10.53
7.83
10.57

10.15
11.23
10.50
7.85
10.71

10.16
11.25
10.51
7.80
10.67

10.14
11.21
10.30
7.76
10.65

9.96
11.11
10.40
7.76
10.43

10.11
11.21
10.45
7.79
10.60

Weekly 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 days e n d i n g on 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 o n b a n k - d i s c o u n t b a s i s .
3.
R a t e s on 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 bond 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.
R a t e c h a r g e d by banks on 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 Reserve Bank o f New Y o r k .
6.
R a t e s 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 .
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 one v e r y low 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 bond 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 m o r t g a g e s . S o u r c e :
FHLMC.
Note:
Weekly and m o n t h l y f i g u r e s a r e a v e r a g e s 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 o n T h u r s d a y 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 .




September 7 , 1988

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

AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG

1
2
3
4
5
8
9
10
11
12
15
16
17
18
19
22
23
24
25
26
29
30
31

7 .91
7 .81
7 .73
7 .75
7 .74
7 .78
7 .73
7 80
8 15
8 , 14
8. 41
8 . 22
8. 11
8 . 14
8 . 09
8 . 05
7. 89
7. 82
8. 21
8 . 16
8 . 16
8 . 08
8 . 14




Comm
Paper
3-mo.

CDs
Sec Mkt
3-mo.

8 .02
8 .02
7 .99
7 97
8 .02
8 ,06
8 14
8 20
8 30
8 36
8 41
8 42
8 . 38
8 . 38
8 . 37
8 . 36
8 35
8 32
8 . 37
8 . 38
8 37
8 37
8 36

8.11
8.10
8.08
8.07
8.14
8.16
8.15
8.31
8.35
8.42
8.47
8.55
8.49
8.46
8.48
8.46
8.49
8.45
8.53
8.49
8.47
8.43
8.38

Treasury B i l l s
3-mo.
6-mo.
1-yr.
6 .91
6 .90
6 .90
6 .84
6 .92
6 .84
7,.06
6 .99
7 .01
7 .01
6 .99
7..06
7, 03
7. 02
7. 06
7. 06
7 16
7, 18
7. 25
7. 33
7. 32
7. 30
7. 30

7 .12
7 .12
7 .09
7 .07
7 .24
7 .24
7 .40
7 .41
7 .44
7 .44
7 .44
7 .54
7 .54
7 .53
7,.53
7 .54
7,.47
7. 46
7..47
7. 48
7, 47
7. 50
7. 49

7.35
7.31
7.30
7.29
7.47
7.48
7.58
7.59
7.66
7.65
7.66
7.69
7.69
7.68
7.68
7.68
7.66
7.66
7.71
7.73
7.71
7.71
7.69

1-yr.

2-yr.

7.89
7.85
7.84
7.83
8.03
8.04
8.16
8.17
8.25
8.23
8.25
8.28
8.28
8.27
8.27
8.27
8.25
8.25
8.31
8.32
8.30
8.30
8.28

8.36
8.32
8.34
8.31
8.47
8.48
8.59
8.64
8.68
8.68
8.70
8.72
8.74
8.74
8.74
8.76
8.71
8.73
8.78
8.78
8.75
8.73
8.71

Treasury Constant M a t u r i t i e s 3-yr.
5-yr.
7-yr.
10-yr.
8.53
8.49
8.51
8.46
8.62
8.63
8.72
8.81
8.82
8.82
8.82
8.84
8.86
8.86
8.86
8.89
8.85
8.85
8.92
8.92
8.86
8.86
8.83

8.70
8.63
8.64
8.61
8.78
8.79
8.88
9.00
9.02
9.03
9.04
9.03
9.06
9.05
9.05
9.09
9.04
9.02
9.08
9.07
9.00
8.98
8.95

8.94
8.87
8.89
8.84
8.98
8.96
9.04
9 18
9.22
9.23
9.24
9.21
9.24
9.21
9.21
9.24
9.19
9.21
9.28
9.26
9.19
9.16
9.13

9.07
9.00
9.04
8.99
9.12
9.12
9.20
9.30
9.35
9.36
9.37
9.35
9.38
9.35
9.35
9.37
9.32
9.34
9.41
9.38
9.30
9.27
9.25

30-yr.
9. 17
9. 08
9. 10
9. 04
9. 14
9. 13
9. 21
9. 36
9. 40
9. 42
9. 44
9. 40
9. 43
9. 4 1
9.. 4 1
9 .44
9 .39
9 .40
9 .46
9 .43
9 .36
9 .33
9 ,31