Full text of H.15 Selected Interest Rates : August 31, 1987

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FEDERAL RESERVE statistical release
These data are released each Monday. The availability of the release will
be announced, when the information is available, on (202) 452-3206.
H.15 (519)

For Immediate releaae

SELECTED INTEREST RATES

AUGUST 3 1 ,

1987

Yields In percent per annum
1987
AUG

1987
AUG

24

1987
AUG
25

26

6.77

6.85

6.58
6.67
6.79

1987
AUG

Instruments
FEDERAL FUNDS (EFFECTIVE) 1/
COMMERCIAL PAPER 2/3/
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
BANK PRIME LOAN 1/4/
DISCOUNT WINDOW BORROWING 1/5/
U.S.GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE 2/ 6/
3-MONTH
6-MONTH
1-YEAR
AUCTION AVERAGE(INVESTMENT) 6/
3-MONTH
6-MONTH
SECONDARY MARKET 2/
3-MONTH
6-MONTH
1-YEAR
TREASURY CONSTANT MATURITIES 7/8/
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10-YEAR
30-YEAR
rriMDHQ T T C
CUnrUol1t
OVER 10 YEARS(L0NG-TERM)9/
^CORPORATE BONDS
MOODY V S SEASONED

AAA
BAA

1987
JULY

27

1987
AUG
28

This
week

ween

7.24

6.90

6.84

6.76

6.74

6.58

6.60
6.67
6.80

6.62
6.69
6.80

6.66
6.74
6.84

6.73
6.81
6.93

6.64
6.72
6.83

6 60
6.67
6.77

6.57
6.65
6.72

6.55
6.51
6.35

6.54
6.51
6.35

6.55
6.55
6.41

6.56
6.56
6.35

6.60
6.62
6.35

6.56
6.55
6.36

6.51
6.40
6.33

6.53
6.48
6.35

6.61
6.78

6.60
6.75

6.63
6.78

6.78
6.88

6.84
6.95

6.69
6.83

6.61
6.72

6.59
6.65

6.61
6.74
7.01
8.25
5.50

6.60
6.73
7.01
8.25
5.50

6.61
6.74
7.03
8.25
5.50

6.65
6.78
7.07
8.25
5.50

6.76
6.88
7.15
8.25
5.50

6.65
6.77
7.05
8.2!)

5.!>O

6.61
6.72
6.98
8.25
5.50

6.60
6.70
6.87
8.25
5.50

6.12
6.16

6.12
6.16

5.97
6.12

5.78
5.86
6.22

6.32
6.46

6.32
6.46

6.16
6,4?

5.97
6.13

Last

6.17
6.29
6.58

6.18
6.18
6.58

6.25
6.18
6.63

6.29
6.26
6.72

6.31
6.34
6.74

6.24
6.25
6.65

6.05
6.18
6.53

5.69
5.76
6.24

7.07
7.81
8.06
8.34
8.61
8.78
8.99

7.08
7.79
8.02
8.32
8.56
8.73
8.94

7.15
7.87
8.09
8.36
8.61
8.79
8.99

7.24
7.95
8.21
8.48
8.75
8.92
9.11

7.26
8.01
8.27
8.54
8.84
9.02
9.18

7.16
7.89
8.13
8.41
8.67
8.85
9.04

7.01
7.73
7.98
8.30
8.55
8.71
8.92

6.68
7.44
7.74
8.01
8.27
8.45
8.64

8.98

8.93

8.98

9.11

9.19

9.04

8.92

8.70

9.67
10.79

9.66
10.79

9.68
10.80

9.71
10.85

9.76
10.88
10.42

9.70
10.82
10.42
7.80
10.33

9.68
10.77
10.34
7.81
10.30

9.42
10.61
10.17
7.72
10.28

A-UTILITY 10/
STATE & LOCAL BONDS 11/
CONVENTIONAL MORTGAGES 12/

7.80
10.33

1. NEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAYS ENDING ON NEDNESDAY OF THE CURRENT NEEK; MONTHLY FIGURES
INCLUDE EACH CALENDAR DAY IN THE MONTH.

2. RA?ES^COMMERCIAL°PAPER A pfACED FOR FIRMS WHOSE BOND RATING IS AA OR THE EQUIVALENT.
3.
4. RATE CHARGED BY BANKS ON SHORT-TERM BUSINESS LOANS.
5.
R
FED
ESERVE N
N
R
AND MONTH AVERAGES ON ISSUE-DATE BASIS
6.
7 .

6.

l?i

l

9.

^iS

^ S?r ^l? K

YIELD WAS

-^r«a&sffiaas5a
UTILITY BOND WITH A MATURITY OF 30 YEARS AND CALL

10.
11.
12.
NOTE;
ARE BASED ON FRIDAY FIGURES.



SELECTED INTEREST RATES
YIELDS IN PERCENT PER ANNUM
WEEK ENDING WEDNESDAY
WEEK ENDED
1987 :

AUG
26
FEDERAL
3-MONTH
3-MONTH
3-MONTH
3-MONTH

FUNDS (EFFECTIVE) 1/
TREASURY BILL 2/
COMMERCIAL PAPER 2/
CD (SECONDARY MARKET)
EURODOLLAR 3/

6.76
6.16
6.67
6.74 .
6.91

1987 :
AUG :

19
6.74 :
5.99 :
6.68
6.71 :
6.86

4 WEEKS ENDED
1987 :

AUG
26

1987

JUL
:

29

6.71 :
6.00 :
6.69
6.73 :
6.91 :

6.59
5.66
6.64
6.69
6.87

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.

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 I, 2, 3, 5, 7, 10, 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.