Full text of H.15 Selected Interest Rates : August 17, 1992

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FEDERAL RESERVE statistical release
These data are released each Monday. The availability of the release wMi ?>e annourK**, wh«*n
' * jvaiiable, on (202) 452-3206,

For immedia-fbe release
August 17, 1992

LECTED INTEREST RATES
'«r*s ^

percent «oer armui

11

1*9?
•IIP
** "

3 , 2Z

5,12.

«"* 1!

335
S3?
3^2

335

"*

5 36
5,41

_ . 5c
" -TC

** so
"T ' i

3.26
3»26
5.27

3.26
3.26
3,26

.

3 c6

1992

1?92

1992

Mm

£*JG

AUG

a.

5 ->S
*2W* r.
-.ttNlH
> r*ANCE PAPER PLACED DIRECTLY 3
"' -*!ONTH

3,3?
3.42
4

3 992

"- '17

I

I!

~J

•IS

Ljst

./•

z

JUL

:i

3.25

r FS
1.36

3,19
3 59
3.^*8

3,45
3,44
3.55

S. 26
1 27
2. ?7

S 29
3.29
3 30

3 33
5 33
5 35

fe

.> ?fQNTH

--MONTH
KANKERS ACCEPTANCES CTOP RATED! 3 4 7
^-MONTH
fc-MONTH
*7iS (SECONDARY HARKET) 3 a
1-MONTH
5-MONTH
6-MONTH
EURODOLLAR DEPOSITS 1 LONDON)3 9
1-MONTH
3-MONTH
6-MONTH
BANK PRIME LOAN2 3 1 0
DISCOUNT WINDOH BORROWING2 s s
U . S . GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE3 4 1 2
3-MONTH
6-MONTH
1-YEAR
AUCTION AVERAGE(INVESTMENT) 12
3-MONTH
6-MONTH
SECONDARY MARKET3 4
3-MONTH
6-MONTH
1-YEAR
TREASURY CONSTANT MATURITIES 1 3
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10-YEAR
30-YEAR
COMPOSITE
OVER 10 YEARS(LONG-TERM) 14
CORPORATE BONDS
MOODY'S SEASONED
AAA
BAA
A-UTILITY15
STATE & LOCAL BONDS 16
CONVENTIONAL MORTGAGES17




^

•

?***>£
&<S^
*

:. z^

S.28
2,28

£"^

^ <.

I k.6

3 25
3 33

3,25

3.25

3.25
3 32

3.28

332

332

3.2t>
3 33

3.25

332

332

339

S.42

3.28
3.29

3.27
3.28
3 35

3.27
3.28
3 34

3,27
3.28
3 o 35

3.27
3.28
3 35

331
332

337

337

3.28
3.28
3 36

3.44

3.50

3.25

3.25
331

3.25
331
3 38
6.00
3.00

331
331

Z.%8
6.00
3.00

3.25
331
3 38
6,00
3.00

331

3 38
6.00
3.00

3.25
3 31
3 38
6.00
3*00

3.25

331

3 38
6.00
3.00

3.46
6.00
3.00

3 33
3.40
3.54
6.02
3.02

3.13
3.19

3.13
3.19

3.20
330

3.28
3 36
3.65

3.20
3.29

3.20
3.29

3.27
3.40

3 35
3.46
3.21
3.28
3.45

3 35

3.13
3.19
3.28

3.13
3.20
3.29

3.12
3.20
3.30

3.09
3.18
3.29

3.06
3.16
3.26

3.11
3.19
3.28

3.16
3.24

3.42
4.12
4.67
5.50
6.01
6.52

3.43
4.15
4.66
5.50
5.99
6.50

3.45
4.19
4.71
5.54
6.02
6.48

733

733

3.40
4.14
4.67
5.54
6.06
6.53
7.33

3.43
4.16
4.69
5.53
6.03
6.52

737

3.43
4.19
4.72
5.57
6.09
6.55
736

734

3.54
4.29
4.84
5.69
6.18
6.65
7.43

7.11

7.08

7.09

7.16

7.15

7.12

7.21

7.40

7.96
8.63

7.92
8.61

7.92
8.61

7.94
8.65

7.92
8.60
8.10

7.93
8.62
8.10
6.05
7.96

7.99
8.68
8.15
6.06
8.06

8.07
8.84

SEE OVERLEAF FOR FOOTNOTES

6.05
7.96

339

3.60
436

4.91
5.84
6 36
6.84
7.60

838

6.13
8.13

FOOTNOTES
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.

The daily effective federal funds rate is a weighted average of rates on trades through N.Y.
brokers.
Meekly figures are averages of 7 calendar days ending on Heohesday of the current week*
monthly figures include each calendar day in the Month.
Armualized using a 360-day year or bank interest.
Quoted on a discount basis.
An average of offering rates on commercial paper placed by several leading dealers
for firms whose bond rating is AA or the equivalent.
An average of offering rates on paper directly placed by finance companies.
Representative closing yields for acceptances of the highest rated money center banks.
An average of dealer offering rates on nationally traded certificates of deposit.
Bid rates for Eurodollar deposits at 11 a.m. London time.
One of several base rates used by banks to price short-term business loans.
Rate for the Federal Reserve Bank of New York.
Auction date for daily data; weekly and monthly averages computed on an issue-date basis.
Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.
Unweighted average of rates on all outstanding bonds neither due nor callable in less than 10 years.
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 quotations.
Bond Buyer Indexy general obligation, 20 years to maturity> mixed quality* Thursday quotations.
Contract interest rates on commitments for fixed-rate first mortgages. Source: FHLMC.

Note:

Meekly and monthly figures are averages of busiress days unless otherwise noted.

DESCRIPTION OF THE TREASURY CONSTANT MATURITY SERIES
Yields on Treasury securities at 'constant maturity1 are interpolated by the U.S. Treasury from the
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 maturity yield
values are read from the yield curve at fixed maturities, currently 1, 2, 3> 5, 7;, '.>Q, and 30 years.
This method provides a yield for a 10-year maturity, for example, even if no outstanding security
has exactly 10 years remaining to maturity.