Full text of H.15 Selected Interest Rates : August 12, 1985

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FEDERAL RESERVE statistical release
For immediate release

H.15 (519)

SELECTED INTEREST RATES

August 12, 1985

Yields In percent per annum
Instruments

FEDERAL FORDS (EFFECTIVE) 1 /
COHHERCIAL PAPER
2/3/
1-HONTH
3-SOUTH
6-HONTH
FINANCE PAPEB PLACED DIRECTLY 2 /
1-HO NTH
3-HONTH
6-HO NTH
BANKERS ACCEPTANCES (TOP BATED) 2 /
3-HO NTH
6-HONTH
CDS (SECONDARY HARKET)
1-HO NTH
3-HONTH
6-HO NTH
BANK PBIHE LOAN
1/4/
DISCOUNT WINDOW BOBBOIIHG 1 / 5 /
0 , S. GOVERNHENT SECOfilTIES
TBEASORY BILLS
AUCTION AYEBAGE 2 / 6 /
3-HONTB
6-HONTB
1-YEAB
AUCTION AYEBAGE (IMVBSTHEIT) 6 /
3-HONTH
6-HO NTH
SECONDARY HABKET 2 /
3-HONTB
6-HONTH
1-YEAB
TBEASOFY CONSTA1I HATOBITIES 7 / 8 /
1-IEAB
2-IEAB
3-IEAB
5-YEAR
7-YEAB
10-YEAB
20-YEAR
30-YEAR
COHPOSITE
OYEfi 10 YEARS(LONG-TERH)9/
CORPOBATE BONDS
HOODY'S SEASONED
AAA
BAA
A-UTILITY 1 0 /
STATE & LOCAL BONDS 1 1 /
CONVENTIONAL HOBTGAGBS 1 2 /

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

5

AOG
6

AUG
7

AUG
8

AUG
9

Week ending
AUG
AUG
9
2

7.85

7.76

7.73

7.68

7.61

7.92

7.64

7.88

7.80
7.82
7.89

7.76
7.78
7.84

7.76
7.77
7.84

7.71
7.73
7.77

7.71
7.72
7.77

7.75
7.76
7.82

7.75
7.77
7.86

7.58
7.56
7.57

7.82
7.71
7.76

7.80
7.70
7.66

7.74
7.65
7.66

7.75
7.64
7.64

7.70
7.64
7.64

7.76
7.67
7.67

7.69
7.61
7.60

7.53
7.40
7.34

7.75
7.85

7.72
7.81

7.68
7.70

7.70
7.70

7.67
7.67

7.70
7.75

7.72
7.83

7.53
7.54

7.79
7.86
8.15
9.50
7.50

7.76
7.85
8.09
9.50
7.50

7.75
7.85
8.09
9.50
7.50

7.72
7.79
8.01
9.50
7.50

7.73
7.79
8.00
9.50
7.50

7.75
7.83
8.07
9.50
7.50

7.75
7.83
8.07
9.50
7.50

7.58
7.64
7.80
9.50
7.50

7.30
7.52

7.30
7.52

7.23
7.40
7. 6G*

7.05
7. 16
7.09

7.54
7.93

7.54
7.93

7.47
7.79

7.28
7.53

7.21
7.44
7.58

7.28
7.44
7.57

7.08
7.20
7.31

AUG

JULY

7.27
7.*8
7.64

7.26
7.48
7.61

7.18
7.43
7.58

7.17
7.41
7.54

8.22
9.13
9.59
10.06
10.48
10.64
10.93
10.73

8.18
9.13
9.53
10.08
10.48
10.65
10.94
10.75

8.16
9.08
9.49
10.01
10.41
10.55
10.88
10.71

8.11
8.99
9.37
9.91
10.30
10.43
10.80
10.63

8.08
8.95
9.30
9.86
10.24
10.37
10.77
10.61

8.15
9.06
9.46
9.98
10.38
10.53
10.86
10.69

9.51
10.01
10.45
10.61
10.93
10.73

7.86
8.77
9.18
9.70
10. 16
10.31
10.68
10.50

10.79

10.80

10.76

10.66

10.63

10.73

10.78

10.51

11.22
12.59

11.26
12.59

11.24
12.61

11.18
12.58

11.12
12.58
11.78

11.20
12.59
11.78
9.02
12.23

11.21
12.58
11.83
9.01
12.17

10.97
12.43
11.64
8.81
12.03

9.02

7. 16
7.38
7.51

12.23

8. 14
9.05

WEEKLY FIGUBES ABE AYEBAGES OF 7 CALENDAB DAYS BIDING ON WEDNESDAY OF THE CUBBENT WEEK;
MONTHLY FIGUBES INCLUDE EACH CALENDAR DAY IN THE HOITH.
QUOTED ON BANK-DISCOUNT B A S I S .
"
BATES ON COHHEBCIAL PAPEB PLACED FOB FIBHS WHOSE BOND BATIIG I S AA OB THE EQUIVALENT.
PATE CHARGED BY BANKS ON SHOBT-TEBH BUSINESS LOAMS.
BATE FOB THE FEDEBAL BESEBYE BANK OF NEW YOBK.
AUCTION DATE.
YIELDS ON ACTIVELY TBADED ISSUES ADJUSTED TO CONSTANT HATUBITIES.
SOUBCE: U . S . TBEASUBY.
SEE REVERSE FOB A DESCBIPTON OF THE CONSTANT HATUBITY SBBIES.
UNWEIGHTED AVERAGE OF ALL ISSUES OUTSTANDING OF BONDS NEITHER DUE NOR CALLABLE I I LESS THAN 10 YEARS,
INCLUDING SEVEBAL VEBY LOW YIELDING "FLOfEB* BONDS.
ESTIHATE OF THE YIELD ON A BECENTLY-OFFEBED, A-BATED UTILITY BOID WITH A HATUBITY OF 3 0 YEARS AND CXLL
PBOTECTION OF 5 YEAES; FRIDAY QUOTATIONS.
BOND BUYER INDEX, GENERAL OBLIGATION, 20 YEABS TO HATDBITY, HIIED QUALITY; THURSDAY QUOTATIONS.
CONTRACT INTEREST BATES ON COHHITHENTS FOB FIXED-BATE FIRST HOBTGAGES.
SOURCE: FHLHC.

NOTE: WEEKLY AND HOSTHLY FIGURES ARE AVERAGES OF DAILY BATES, EXCEPT POR STATE & LOCAL BONDS,
WHICH ABE BASED ON THURSDAY FIGURES, AND CONVENTIONAL HORTGAGES AND A-UTILITY BOMDS,
BOTH OF WHICH ARE BASED ON FRIDAY FIGURES.
• * AS OF THE H . 1 5 RELEASE DATE OF JUNE 2 4 , 1 9 8 5 , TREASURY BILL AUCTION AVERAGES WILL BE BEPOBTED
0 1 THE AUCTION DATE IISTEAD OF THE ISSUE DATE.
* Auction date August 1, 1985.




SELECTED INTEREST RATES
YIELDS IN PERCENT PER ANNUM
WEEK ENDING WEDNESDAY
WEEK ENDED

1985 :
AUG
7

FEDERAL FUNDS (EFFECTIVE) 1/
3-MONTH TREASURY BILL 2/
3-MONTH COMMERCIAL PAPER 2/
3-MONTH CD (SECONDARY MARKET)
3-MONTH EURODOLLAR 3/
U. S. GOVERNMENT BOND 4/

7.92
7.26
7.80
7.85
8J 1
10.90

4 WEEKS ENDED

1985 :
JULY .
:
31

1985 :
AUG
7 :

7.64
7.23 :
7.72 :
7.78

7.80
7.18 :
7.67
7.74 :
8.02
10.80 :

8.13
10.95

.

1985
JULY
17
7.84
6.96
7.43
7.53
7.74

10.60

1. FEDERAL FUNDS RATES ARE AVERAGES OF EFFECTIVE RATES FOR
SEVEN CALENDAR DAYS ENDING ON WEDNESDAY.
2. QUOTED ON BANK DISCOUNT BASIS. "
3. FOR INDICATION PURPOSES ONLY.
4. YIELD AT 20-YEAR CONSTANT MATURITY. SOURCE: U.S. TREASURY

DESCRIPTION OF THE TREASURY CONSTANT MATURITY SERIES
YIELDS ON TREASURY SECURITIES AT "CONSTANT MATURITY" ARE
ESTIMATED FROM THE TREASURY'S DAILY YIELD CURVE. THIS CURVE, WHICH
RELATES THE YIELD ON A SECURITY TO ITS TIME TO MATURITY, IS BASED ON
THE CLOSING MARKET BID YIELDS ON ACTIVELY-TRADED TREASURY SECURITIES
IN THE OVER-THE-COUNTER MARKET. THESE MARKET YIELDS ARE CALCULATED
FROM COMPOSITES OF QUOTATIONS REPORTED BY FIVE LEADING U.S.GOVERNMENT
SECURITIES DEALERS TO THE FEDERAL RESERVE BANK OF NEW YORK.
THE CONSTANT YIELD VALUES ARE READ FROM THE YIELD CURVE AT
FIXED MATURITIES, CURRENTLY 1, 2, 3, 5, 7, 10, 20, AND 30 YEARS.
THIS METHOD PERMITS ESTIMATION OF THE YIELD FOR A 10-YEAR MATURITY,
FOR EXAMPLE, EVEN IF NO OUTSTANDING SECURITY M S EXACTLY 10 YEARS
REMAINING TO MATURITY.