Full text of H.15 Selected Interest Rates : August 20, 1984

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FEDERAL RESERVE statistical release
H.15(519)

For immediate release
AOGOST 2 0 , 1984

SELECTED INTEREST RATES
Yields In percent per annum
Instruments

FEDERAL FUNDS (EFFECTIVE) 1 /
COH8EBCIAL PAPEB 2 / 3 /
1-BONTH
3-BOBTH
6-BONTH
FINANCE PAPEB PLACED DIBECTLI 2 /
1-BONTH
3-HONTH
6-HO NTH
BAHKBBS ACCEPTANCES (TCP HATED) 2 /
3-BONTH
6-BONTH
CDS (SECOMDABY BASKET)
1-BONTH
3-BOHIH
6 - BO NTH
BABK PBIfiE LOAM
1/4/
DISCOUNT «INDOW BOBBOWING 1 / 5 /
U.S.GOVBBNHBNT SECOfilTIES
TBEASQBI BILLS
AUCTION AVERAGE 2 / 6 /
3-BONTH
6-BONTH
1-IEAB
AOCTION AYBBAGE(INVESTBENT) 6 /
3-BONTH
6-BOBTfi
SECOHDABY BABKET 2 /
3-BONTH
6-BOHTB
1-YEAB
TBEASUBI CONSTANT BATUBITIES 7 / 8 /
1-TEAB
2-IEAB
3-IBAB
5-IEAB
7-IBAB
10-IEAS
20-TEAB
30-TEAB
COBPOSITE
OVEfi 10 IEABS(LONG-TBBB)9/
COBPOBATE BONDS
HOODI'S SEASONED
AAA
BAA
A-UTILITT 1 0 /
STATE £ LOCAL BONDS 1 1 /
CONVENTIONAL B0BT6AGES 1 2 /

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

Week ending
AUG
AUG
17
10

AUG
13

AOG
14

AOG
15

AUG
16

AUG
17

11,73

11.52

11.82

11.74

11.77

11.63

11.59

11.23

11-16
11.15
11.13

11.16
11.15
11.12

11.15
11.15
11.14

11.19
11.18
11.13

11.24
11. 19
11.15

11. 18
11.16
11.13

I f . 11
11. 14
11.16

11.06
11.19
11.34

11.18
10.62
10.47

11.16
10.67
10.52

11.15
10.67
10.52

11.22
10.57
10.58

11. 18
10.70
10.66

11.18
10.65
10.55

11.13
10.55
10.45

10.99
10.53
10.42

11.25
11.10

11.20
11.10

11.20
11.10

11.22
11.08

11.23
11.10

11.22
11.10

11.21
11.12

11.30
11.44

11.33
11.48
11.72
13.00
9.00

11.31
11.45
11.63
13.00
9.00

11.29
11.41
11.65
13.00
9.00

11.34
11.50
11.71
13.00
9.00

11.34
11.48
11.68
13.CO
9.00

11.32
11.46
11.68
13.00
9.00

11.29
11.43
11.70
13.00
9.00

11.28
11.56
12.08
13.00
9.00

10.49
10.63

10.49
10.63

10.55
10.68
10.79

10.13
10.58
10.99

10.93
11.39

10.93
11.39

10.99
11.45

10.54
11.33

JULY

10.45
10.61
10.71

10.30
10.50
10.62

10.20
10.49
10.61

10.26
10.50
10.61

10.33
10.51
10.63

10.31
10.52
10.64

10.48
10.59
10.69

10.12
10.52
10.89

11.81
12.45
12.52
12.71
12.79
12.74
12.78
12.54

11.71
12.34
12.40
12.62
12.68
12.67
12.74
12.48

11.70
12.39
12.45
12.68
12.76
12.74
12.81
12.57

11.70
12.40
12.46
12.66
12.73
12.70
12.73
12.51

11.73
12.40
12.44
12.67
12.73
12.70
12.68
12.46

11.73
12.40
12.45
12.67
12.74
12.71
12.75
12.51

11.80
12.38
12.44
12.63
12.69
12.67
12.72
12.58

12.03
12.88
13.08
13.27
13.35
13.36
13.36
13.21

12,29

12.24

12.30

12.22

12.19

12.25

12.23

12.82

12.81
14.61

12,84
14.65

12.89
14.64

12.89
14.63

12.87
14.62
14.16

12.86
14.63
14.16
10.02
14.39

12.84
14.65R
14.08
9.81
14.54

13.44
15.15
14.93
10.42
14.67

10.02
14.39

MEEKLI FIGURES ASB IVlBiGES
CF 7 CALBNEA* CATS ENDING CN §E**ISDA1 d 1JE C f l f i S t l l H E * ;
BQNTHLT FIGOBES INCLODI IACU CALENDAA DAI IN THE HQNTfl.
QUOTED Gil BANK-DISCOUNT B A S I S BATES ON CCflHEiClAL FAfZB PLACED FCB S1BBS WHOSE BC*£ SATING I S AA OB Ikl
BATE UUfiGED £ 1 £AftKS ON SMOSl-IEBa BCSIBESS LOANS.
BATE FOB TBE flLlhlL
UlStkll
BAHI Cf kkk ICfiJU
ISSUE BATE.
YIELDS ON ACTIVELI TJUDiC ISSUiS ACJUSU0 TO CONSTANT flATUBITlES. SCUICIs
SEE BEIEfiSl fOB A DISCBIPTON OF TH£ CCISTANI BAIUBIII SiAIiS.
UNUEIG8TBD AYEfiAGi CF AIL iSSOES OUTSTANDING OF BCNDS UtllUlB £01 »C* CILLAEli If li&S IBA» 1Q
INCLUDING SSVEBAL V£Bl LOW UELDIUG "FlCiES" &QMHS.
ESTIBATE OF THE H E L D ON A BiC£NTLI-CifIBEC, A-fiATED UTILITI fiOIC MUti 4 BAlOiJIJ Off 3Q I1I1S Ahl CAll
PiOTICTION OF 5 XEABS; FBIDA1 CUOIAIICkS.
BOND BUIEfc INDEX, bEMBfiAt C£llGATICli # 20 YEABS TO 1ATU1ITT, B I 1 1 C QUA1131; l f i G i S D A !
COBTBACT INTEfiiST BATES CN CCBBIIMENIS FOB FIXES-BATE IIBST BCBlGAGIi. SCtiACI: tMLBC.

KOTE: 821KLY AN£ BOlItiLI FIGU&ES A&E AYEfiAtiES CF BklLl
B A 1 I S # tlLgil
FGfi 5 1 A 1 £ 6 ICCAX
BfilCH ABB BASED Cli TUU&SCA1 FIGURES, AND CONVINTIONAL BOB1GAGES AND A - i l i l l l l BCULS,
BOTH OF HfilCH AAE BASIC ON I l l D A l I I 6 D B E 5 .




SELECTED INTEREST RATES
YIELDS IN PERCENT PER ANNUM
WEEK ENDING WEDNESDAY
WEEK ENDED
1984 :
AUG •
15 :
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/

11.63
10.36
11.14
11.63
11.79
12.74

•
•
•
•

4 WEEKJ5 ENDED

1984
AUG :
8 :
11.59
10.49
11.12
11.41
11.76
12.74

•
:
•
•
-•
:

1984 •
AUG :
15 :

1984
JULY

25

11.49
11.14
10.35
10.04
11.13 : 11.23
11.49 : 11.62
11.82 : 12.09
12.93 : 13.49

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, 4, 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 HAS EXACTLY 10 YEARS
REMAINING TO MATURITY.