Full text of G.13 Selected Interest Rates : September 8, 1992

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release
Those data are scheduled for release on the tint Tuesday of each month. The availability of (ho release will he announced
when the information is available, on (202) 452-3200.
G . 1 3 (4X5)

For i m m o diato raXctasci
S o p t o m b o r 8» 1992

SELECTED INTEREST RATES
YioXds

in p o r c c M

p « r annus*

JQg-

SEP
4

JUL

AUG

3.33

3.27

3.3 3

3.25

3 .30

3,35
3.36
3 .41

3.37
3.37
3.42

3.39
3.39
3.45

3.37
3.37
3.42

3 .43
3 .44
3.5 3

3.38
3.38
3.44

3.29
3.29
3.3 0

3.2 6
3.27
3.27

3.27
3.26
3.2 8

3.28
3.2 8
3.30

3.27
3.25
3.27

3.3 3
3.33
3.35

3.20
3.27
3.29

3.28
3.39

3.25
3.32

3.26
3.31

3.31
3.36

3.25
3.29

3 .32
3.42

3.28
3.35

3.31
3.32
3.44

3.27
3.28
3.35

3 .27
3.20
3.3 4

3.32
3.34
3.45

3.27
3.28
3.35

3.35
3.37
3.50

3.29
3.31
3.40

3,3 1
3.31
3.46
6.00
3.00

3.25
3.31
3.38
6.00
3 .00

3.2 5
3.31
3.38
6.00
3.00

3.31
3.36
3.49
6.00
3.00

3 .34
3.36
3.46
6.00
3.00

3.3 3
3.4 0
3.54
6.0 2
3.0 2

3.29
3.33
3.4 3
6.00
3.00

3.20
3.3 0

3 .13
3.19

3.1 0
3.18

3.14
3.24
3.28

3.17
3.2 6

3.28
3.36
3.65

3.14
3.23
3.28

3.27
3.40

3.20
3.29

3.17
3.2 8

3.21
3.34

3.24
3 .36

3.35
3,46

3.21
3.33

3.1 6
3.24
3.39

3.11
3.19
3.28

3.07
3 .15
3.26

3.16
3.25
3.38

3.10
3.16
3 .26

3.21
3.28
3.45

3.13
3.21
3.33

3.54
4.29
4.84
5.69
6.18
6.65
7.43

3.4 3
4.16
4.69
5.53
6.03
6.52
7.3 4

3.40
4.08
4.59
5.48
6.03
6.5 0
7.34

3.52
4.25
4.79
5.69
6.23
6.67
7.44

3.39
4.07
4.58
5.48
6 .06
6 .53
7.37

3.60
4.36
4.91
5.84
6.36
6.84
7.60

3.47
4.19
4.72
5.60
6.12
6.59
7 .39

7.21

7.12

7.14

7.26

7.16

7.40

7.19

7.99
8.66
8.15
6.06
8.0 6

7.93
8.62
8.10
6.05
7.96

7.91
8.62
8.1 6
6.21
7.87

7.97
8.6 9
8.20
6.31
8.01

7.93
8.64
8.08
6.2 4
7.94

8.07
8.84
8,38
6.13
8.13

7.95
8.65
8.16
6.16
7.98

3.3 3

3.24

3.39
3.39
3.48

TnstrtenenXs
F E O E R A L F U N D S (EFFECTIVE) 1 2 3
COMMERCIAL PAPER 3 4 5
1-MONTH
3 -MONTH
6-MONTH
F I N A N C E P A P E R P L ACED DIRECTLY 3 < 4
1-M O N T H
3 -MONTH
6-MONTH
B A N K E R S A C C E P T A N C E S (TOP RATED) 3 4 7
3-MONTH
6 -MONTH
CDS (SECONDARY MARKET)3 8
1 -MONTH
3 -MONTH
6-MONTH
E U R O D O L L A R D E P O S I T S (LONDON)3 0
1 -MONTH
3 - M ONTH
6 -MONTH
BANK PRIME LOA N 2 3 10
DISCOUNT WINDOW BORROWING 2 n
U.S. G O V E R N M E N T S E C U R I T I E S
TREASURY BILLS
A U C T I O N A V E R A G E 3 4 12
3 -MONTH
6 -MONTH
1-YEAR
A U C T I O N A V E R A G E (INVESTMENT) 12
3-MONTH
6-MONTH
S E C O N D A R Y MARKET 3 4
3 -MONTH
6 -MONTH
1 - YEAR
T R E A S U R Y C O N S T A N T M A T U R I T I E S 13
1-YEAR
2-YE A R
3-Y E A R
5-YEAR
7-YEAR
10-Y E A R
30-YEAR
COMPOSITE
OV E R 10 Y E A R S (LONG-TERM) 14
CORPORATE BONDS
M O O D Y ’S S E ASONED
AAA
BAA
A-U T I L I T Y 15
STA T E & LOCAL BONDS u
C O N V E N T I O N A L MORTG A G E S 17




Kook Ending
a D cT
21

AUG
28

7

AUG
14

SEE OVERLEAF FOR F O O T N O T E S

$*3pt*mbar 8* 199;

rrOC:,RAt RESERVE nOARD

For immediate r e l e a s e
G . 1 3 (c o n t i n u a l )

Daily interest rate*
(Yields in percent per annum)

U.S.
Fed
Funds

AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AUG
AU G
AU G
AUG
AUG
AU G
AUG
AUG
AUG
AUG

3
9
c
6
7
10
11
12
13
19
17
18
19
20
21
29
25
26
27
28
31

3.37
3.28
3.3 5
3.59
3.2 0
3.32
3.23
3.2 2
3.30
3.22
3.59
3.26
3.56
3.37
3.20
3.35
3.29
3.31
3.36
3.28
3.51

Correa
P a per
3-«#o,

CDs
Sec fk t
3-mo.

3.39
3.39
3,38
3.39
3.3 8
3.37
3.3 7
3.36
3.36
3.36
3.37
3. 3 7
3.37
3.37
3.36
3,38
3,90
3.39
3.39
3.39
3.90

3.35
3.33
3.32
3.31
3.2 9
3.29
3.28
3.2 8
3.2 8
3.28
5.29
3.2 7
3.28
3.2 8
3.28
3.32
3.35
3.35
3.36
3.33
3.39

—
T r e a s u r y B i l l s ---3-mo.
6-mo.
1-yr.

3.17
3.17
3.17
3.16
3.19
3.13
3.13
3.12
3.09
3.06
3.07
3.07
3.08
3.08
3,07
3.15
3.17
3.16
3.16
3.16
3.16

3.26
3.26
3.26
3.25
3.19
3.19
3.20
3 .20
3 .18
3 .16
3.17
3.13
3.19
3.15
3.1 8
3.25
3.26
3.29
3,29
3.29
3.29

5.96
3.92
3.90
3.39
3.30
3 .28
3.2 9
3,30
3.29
3.26
3.26
3.22
3.23
3.25
3.33
3.93
3.93
3.36 ‘
3.39
3.33
3.33

1-yr.

3.61
3,5 7
3.55
3.59
3.99
3.92
3.93
3.95
3,93
3.90
3.91
3.36
3.38
3.90
3.96
3.57
3.57
3.50
3,98
3.97
3.97

Gov e r n m e n t S e c u r i t i e s
- . ---- T r e a s u r y C o n s t a n t M a t u r i t i e s --------30-yr.
2-yr.
3-yr.
5-yr.
7-yr,
10-yr.

9.90
9.31
9.29
9.29
9.18
9.12
9.15
9.19
9.19
9.19
9.13
9.09
9.06
9.09
9 .13
9.27
9.3 2
9.26
9.23
9 .16
9.15

9.97
9.88
9.63
9,02
9.7 1
9.67
9.66
9.71
9.72
9.67
9.66
9.5 6
9.55
9 .59
9.63
9 .80
9.6 6
9 .81
9 .76
9.7 2
9.69

5.82
5.72
5.69
5.67
5.56
5.50
5.50
5.59
5.57
5.59
5.55
5.99
5.93
5.92
5.59
5.72
5.76
5.70
5.65
5.60
5.60

6.28
6.20
6.17
6.10
6.00
6.01
5.99
6.02
6.09
6.06
6.09
6.00
5.99
5.96
6.08
6.25
6.29
6.25
6.20
6.18
6.17

FOOTNOTES

*
/,
5.
<:.
.
6.
7.

8.
9.
10.
11.
12*
13,
19.
15.
16.
17.

dote:

T h o d a i l y effective* federal funds rate is a w e i g h t e d a v e r a g e of rates on trades t h r o u g h N.Y. b r o k e r s .
W e e k l y figures a r e o v erages of 7 c a l e n d a r d a y s c o d i n g on W e d n e s d a y of the c u r r e n t w e e k )
m o n t h l y figures include e a c h c a l e n d a r d a y in the month.
A n n u a l i z e d u s i n g a 360- d a y y e a r o r b a n k interccl.
Q u o t e d o n a d i s c o u n t basis.
A n a v e r a g e of o f f e r i n g rates o n c o m m e r c i a l p a o c r p l a c e d b y several lea d i n g d e a l e r s
for firms w h o s e b o n d r a ting is AA or the e q u i v a l e n t .
A n ave r a g e of o f f e r i n g rates o n p a p e r d i r e c t l y p l a c e d b y finance companies.
R e p r c s e n t a t i v e c l o s i n g y i e l d s for accep t a n c e * of the h i g h e s t r ated m o n e y c e n t e r banks.
An ave r a g e of d e a l e r o f f e r i n g rates o n nation:*] ly t raded c e r t i f i c a t e s of deposit.
B i d rates for E u r o d o l l a r d e p o s i t s at 11 a .». L o n d o n time.
O n e of several bas e rates u s e d b y b a n k s to p r i c e s h o r t - t e r m b u s i n e s s loans.
Ra t e for the F e deral Res e r v e B a n k of N e w Yor-v .
A u c t i o n date for d a ily dataV w e e k l y a n d moot: v o v e r a g e s c o m p u t e d o n a n i s s u e - d a t e basis.
Yiel d s co a c t i v e l y traded issues a d j u s t e d tc 'instant m a t u rities.
Source:
U.S. T r e a s u r y .
U n w e i g h t e d A v e r a g e of rates o n all outstandirv; b o n d s n e i t h e r d u e n o r c a l l a b l e in less t h a n 10 y e a r s .
E s t i m a t e of the y i e l d o n a r e c e n t l y of foredr 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 of 30 y e a r s
a n d call p r o t e c t i o n of 5 year s ) F r i d a y q u o t a t i o n s .
B o n d B u yer Index, g e n eral o b l i g a t i o n 20 y e a r s to m a t u r i t y * m i x e d qua l i t y ) T h u r s d a y q u o t a t i o n s .
C o n t r a c t interest rates o n c o m m i t m e n t s for f i x e d - r a t e first mortgages.
Source:
FHLMC.

W e e k l y and m o n t h l y figures or e a v e r a g e s of b u s i n e s s d ays u n l e s s o t h e r w i s e noted.

D E S C R I P T I O N OF T H E T R E A S U R Y C O N S T A N T M A T U R I T Y S E R I E S
Y i e l d s o n T r e a s u r y securi t i e s at 'constant m a tur i t y ' a r e i n t e r p o l a t e d b y the U.S. T r e a s u r y f r o m the d a i l y
y i e l d curve. This curve, w h i c h relates the y i e l d on a s e c u r i t y to its time to m a t u r i t y * is b a s e d o n tho
c l o s i n g m a r k e t b i d y i e l d s on a c t i v e l y trad e d T r e a s u r y s e c u r i t i e s in the o v e r - t h o - c o u n t e r m a r k e t ,T h o s e m a r k e t yields are c a l c u l a t e d from c o m p o s i t e s of r o t a t i o n s repo r t e d b y five l o a d i n g U.S,
G o v e r n m e n t secu r i t i e s dea l e r s to the F o doral R e s e r v e B a r k of H a w York. T h e c o n s t a n t m a t u r i t y y i e l d v a l u e s
e r e r e a d from tho y i e l d cu r v e a t fixed m a t u r i t i e s * c u r r e n t l y 1* 2* 3* 5* 7, 10* e n d 3 0 years.
This
m o t h o d p r o v i d e s a y i e l d for a 10- y e a r m a t u r i t y * for e x a m p l e * e v e n if n o o u t s t a n d i n g s e c u r i t y h a s e x a c t l y
10 y e a r s rem a i n i n g to maturity.




6.72
6.66
6.69
6.65
6.57
6.52
6.5 0
6.98
6.55
6.5 3
6 .56
6.98
6.97
6.96
6.53
6.68
6.73
6.68
6.6 9
6, 6 3
6.62

7 .96
7.93
7.9 3
7.95
7.90
7.37
7.33
7.33
7.36
7.33
7.37
7.3 3
7.33
7.3 2
7.36
7.99
7.97
7.93
7.92
7.92
7.92