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F E D E R A L R E S E R V E statistical release
SELECTED INTEREST RATES AND BOND PRICES
(Yields in percent per annum)
Calendar week ending August 18, 1979
August August
Instruments
14
13
Federal funds (effective rate)
10.80
10.93
Commercial paper (prime, 90 to 119 days)
10.31
10.23
Commercial paper (prime, 4 to 6 mos.)
10.25
10.19
Finance paper placed directly (3 to 6 mos.) . . .
9.76
9.67
Bankers1 acceptances (prime, 90 days)
10.55
10.58
Prime loan (large business prime rate-majority) .
11.75
11.75
Discount rate (Federal Reserve Bank of New York).
10.00
10.00
Yields on U.S. Government securities: 3/
Auction Average (Issue date):
3-month bill
6-month bill
1-year bill
Market Yields:
3-month bill
9.49
9.47
6-month bill
9.44
9.47
1-year bill
,
9.05
9.11
Treasury constant maturities: 4/
9.81
1-year
9..88
9.32
9..34
2-year
9.02
9..04
3-year
8.98
9..00
5-year
9..00
8.97
7-year
9..00
8.98
10-year
8.94
8.97
20-year
8.95
8.97
30-year
Coupon issues due in: !>/
9.02
9.03
3 to 5 years
9.72
9.73
Average yields on corporate bonds (Moody1s)
9.21
9.21
Aaa
10.36
10.34
Baa
State and local government Aaa (Moody1s). .
T 7 A s of week ending August 19, 1978.
2/ 7-day average for statement week ended on preceding Wednesday.
3>/ Bills quoted on bank discount basis.
4/ Yields on actively traded issues adjusted to constant maturities.
5>/ Unweighted average for all issues outstanding.




August
15
10.97
10.33
10.30
9.81
10.60
11.75
10.00

For Immediate Release
August 20, 1979

August
16
11.08
10.46
10.41
9.85
10.58
12.00
10.00

August
17
11.05
10.50
10.43
9.85
10.70
12.00
10.50

9.495
9.481

This
Week. ,
10.80^'
10.37
10.32
9.79
10.60
12.00
10.50

Last
Week 21
10.6710.10
10.07
9.63
10.27
11.75
10.00

9.495
9.481

9.320
9.320

6.887
7.259

00
7.25

9.55
9.50
9.19

9.52
9.44
9.17

9.58
9.48
9.22

9.52
9.47
9.15

9.40
9.39
8.95

7.12
7.40
7.78

9.97
9.41
9.05
9.02
9.00
9.00
8.95
8.96

10.03
9.39
9.07
9.02
9.01
9.00
8.94
8.95

10.08
9.44
9..10
9..03
9..02
9..01
8..94
8.95

9.,95
9.,38<
9.06
9.01
9.00
9.00
8.95
8.96

9.72
9.27
8.98
8.93
8.95
8.94
8.92
8.93

8.38
8.41
8.37
8.37
8.43
8.48
8.52
8.54

9.01

9.01

9.04

9.02

8.95

9.72
9.71
9.18
9.18
10.32
10.33
5.70 I

9.72
9.20
10.34
5.70

9.73
9.20
10.35
5.70

-8.34
9.08
8.70
9.47
5.50

9.71
9.20
10.33

Source:

U.S. Treasury,