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FEDERAL RESERVE statistical release
For immediate release
August 3 , 1981

H.15 (519)

SELECTED INTEREST RATES
Yields in percent per annum
Calendar week ending J u l y 3 1 , 1981
Instruments

Federal funds (effective)
Commercial paper 2 4
1-month
3-month
,
6-month
Finance paper placed directly 2
1-month
3-month
6-month
Bankers' acceptances (top-rated)2
3-month
6-month
CDs (secondary market)
1-month
3-month
6-month
Prime loan (short-term business)
Discount window borrowing (FRBNY)
U.S. government securities
Treasury bills 2
Auction average (Issue date)
3-month
6-month
1-year.
Secondary market
3-month
6-month
1-year
Treasury constant maturities 3
1-year
2-year
3-year
5-year
7-year
10-year
20-year
30-year
Composite
Over 10 years (long-term)5
Corporate bonds (Moody's), seasoned
Allindustries
Aaa
Baa
State and local bonds (Moody's), Aaa .
Conventional mortgage 6

1.
2.
3.
4.
5.
6.

July
27

July
28

July
29

July
30

July
31

This
Week

Last
Week

July

18.15

18.15

17.50

17.59

17.46

18.54X

19.05

19.04

17.23
16.75
15.83

17.44
17.08
16.31

17.48
17.19
16.48

17.42
17.15
16.52

17.23
16.94
16.25

17.36
17.02
16.28

17.94
17.39
16.64

17.70
17.00
16.09

16.65
15.50
14.80

17.08
15.75
15.13

17.13
15.75
15.13

17.40
15.75
15.13

17.13
15.63
14.97

17.08
15.68
15.03

17.53
15.52
14.65

17.29
15.21
14.47

17.15
16.35

17.35
16.55

17.30
16.55

17.15
16.40

17.05
16.40

17.20
16.45

17.49
16.65

17.10
16.15

17.82
17.63
17.31
20.50
14.00

18.04
18.01
17.97
20.50
14.00

17.86
17.88
17.86
20.50
14.00

17.87
17.88
17.86
20.50
14.00

17.68
17.68
17.67
20.50
14.00

17.85
17.82
17.73X
20.50,
14.00

18.26
18.18
17.98
20.50*
14.00

17.98
17.76
17.40
20.39
14.00

15.065
14.790

15.563
15.318

14.699
14.402
13.735

15.065
14.790

15.11
14.91
14.08

15.30
15.14
14.33

15.18
15.11
14.31

14.87
14.98
14.30

14.87
14.87
14.25

15.07
15.00
14.25

15.50
15.30
14.40

14.95
14.74
13.91

15.92
15.57
15.28
14.87
14.61
14.43
14.07
13.70

16.23
15.78
15.57
15.04
14.75
14.53
14.17
13.80

16.21
15.76
15.60
15.21
14.86
14.61
14.30
13.92

16.19
15.88
15.69
15.31
14.93
14.71
14.31
13.95

16.12
15.84
15.63
15.24
14.87
14.67
14.31
13.96

16.13
15.77
15.55
15.13
14.80
14.59
14.23
13.87

16.36
15,88
15.61
15.17
14.79
14.56
14.16
13.81

15.72
15.35
15.15
14.79
14.49
14.28
13.92
13.59

13.14

13.24

13.35

13.40

13.37

13.30

13.28

13.05

15.30
14.48
16.24

15.33
14.58
16.22

15.35
14.64
16.24

15.40
14.69
16.27
10.50

15.38
14.67
16.26

15.35
14.61
16.25
10.50
17.11

15.33
14.55
16.30
10.30

15.18
14.38
16.17
10.21
16.83

17.11

7-day average for statement week ended on preceding Wednesday.
Quoted on bank-discount basis.
Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.
Rates on commercial paper placed for firms whose bond rating is Aa or the equivalent.
Unweighted average of all issues outstanding of bonds neither due nor callable in less than 10 years, including several very low yielding
"flower" bonds.
Contract interest rates on commitments for first mortgages. Source: FHLMC.