Full text of H.15 Selected Interest Rates : August 7, 1984

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FEDERAL RESERVE statistical release
H.15 (519)

For immediate release
AUGUST
7 , 1984

SELECTED INTEREST RATES
Yields in percent per annum
Instruments

PEDEBAL FONDS (EFFECTIVE)
COHaEBCIAL PAPEB 2/Z/

1/

3-WONTH
6-HOMTH
FIMAHCE PAPER PLACID DIBECTLI 2 /
1-flONlH
3-MONTH
6-MOUTH
B AMI BBS ACCEPTANCES (TOP BATED) 2 /
3-HOKTH
6-BONTH
CDS (SECCNDABY HABKEI)
1-BONTH
3-HOMTH
6-MONTH
BANK PfllflE LOAN
1/4/
DISCOUNT HINDOB BOEBOHIJiG 1 / 5 /
O.S.GOVERNMENT SECUBIflBS
TBEASUB* BILLS
AUCTION AVEBAGE 2 / 6 /
3-HO NT B
6-HONTH
W E AS
AOCTION AVEBAGE (IUVESTBEBT) 6 ,
3-BONTH
6-BONTH
SECONDABI BASKET 2 /
3-BOHfS
6-BONTB
1-IEAB
TREASUEI CONSTANT HATIIBIXIES 7 / 8 /
1-XEAB
2-IEAB
3-IElfi
5-XEAB
7-1EAB
10-fEAB
20-IEAfi
30-XEAB

1.
2.
3.
4.
5.
6.
7.
8.
9.
0.
11.
12.

JULI

11.53

11.19

11.23

10.98
11.05
U.Q9

11.02
11.12
11.19

10.98
11.11
11.26

11.06
11.19
11.34

11.07
10.56
10.43

10.74
10.52
10.40

10.83
10.58
10.45

10.90
10.55
10.40

10.99
10.53
10.42

11.15
11.20

11.15
11.20

11.JO
11.03

11.14
11.17

11.32
11.34

11.30
11.44

11.27
11.46
11.85
13.00
9.00

11.24
11.43
11.79
13.00
9.00

11.17
11.30
11.56
13.QO
9.00

11.21
11.39
11.77
13.00
9.00

11.19
11.47
11.98
13.00
9.00

11.28
11.56
12.08
13.00
9.00

10.40
10.64

10.40
10.64

10.30
10.64

10.13
10.58
10.99

10.83
11.40

10.83
11.40

10.72
11.40

10.54
11.33

AUG

12.04

11.65

11.50

11.03
11.11
1L21

11.08
11.17
11.23

11.04
11.14
11.21

10.68
10.49
10.35

10.71
10.57
10.43

10.93
10.77
10.53

11.17
11.22

11.15
11.20

11.16
11.37
11.83
13.00
9.00

11.20
11.39
11.81
13.00
9.00

JULY
31

11.53

11.83

10.99
11.14
11.23

AUG

1

3

10.34
10.64
10.78

10.40
10.64
10.76

10.43
10.64
10.72

10.46
10.64
10.75

10.46
10.60
10.66

10.42
10.63
10.73

10.25
10.56
10.79

10.12
10.52
10.89

11.90
12.66
12.84
13.00
13.05
13.05
13.08
12.99

11.86
12.57
12.70
12.85
12.91
12.91
12.94
12.87

11.82
12.48
12.63
12.74
12*82
12.81
12.35
12.78

11.85
12.48
12.61
12.71
12.75
12.74
12.78
12.70

11.75
12.30
12.39
12.95
12.61
12.61
12.68
12.59

11.84
12.50
12.63
12.7?
12.63
12.82
12.87
12.79

11.90
12.70
12.86
13.03
13. 10
13.11
13.15
13. 0€

12.03
12.68
13.08
13.27
13.35
13.36
13.36
13.21

12.56

12-43

12.34

12.29

12.16

12.36

12.62

12.92

13. 17
14.98

13.14
14.96

13.04
14.90

12.97
14.86

12.94
14.14
14.J0

13.05
14.89
14.10
9.92
14.68

13.32
15.09
14.54
10.19
14.67

13.44
15.15
14.93
10.42
14.67

^v f\ nfl T\ ^S <?* T Ml V9

COMPOSITE
07EB 10 YEABS(LONG-TEBfi) 9 /
COBPOBATE BONDS
BOODY'S SEASONED
AAA
BAA
A^OTILITI 1 0 /
STATE & LOCAL BONDS 1 1 /
CONVENTIONAL BOBTGAGES 1 2 /

Week ending
AD6
JULI
3
27

AUG
2

JULY
30

9.92

14.68

MEEKLY FIGOBES ABE AVERAGES Of 7 CALEB CAB DATS ENDING OB WEDNESDAY Of Tfil CUBBIBT SEEK;
MONTHLY FIGUBES INCLUDE EACH CALENDAB DAI IN THE flONffi.
QUOTED OH BANK-DISCOONi: BASIS.
BATES ON COMMEBCIAL JPAF1B PLACED FOB FIBUS WHOSE BOND RATING IS AA 08 fBE BQ31VAX£Jf.
BATE CHARGED BX BASKS 01 SHOBT-IEBfl BUSINESS LOAMS.
BATE FOB THE FEDERAL BESEBVE BASK Of N£l IOBK.
ISSUE DATE.
IIELDS Oil ACHIfEtf TBADED ISSUES ADJUS1ED 10 COMStAHf HAT0BI1IES. SOURCE: U.S. TBBASUBI.
SEE BETEBSE FOB A DESCBIPTON OF THE COKSTANT BATQBITY SEBIES.
UNHBIGaTED A?BBAGE OF ALL IS.SOES OUTSTANDING OF BONDS NEITHEB D01 HOB CAILAEIE II LESS TiiAI 10 YEABS,
IMCLUDIMG SEVERAL fEfif LO» IIBLDIMG "FLCiEB" BO»DS.
ESTIMATE OF THE H E L D O» A fifCBMTLY-CFfEBBD# A-BATED UTILIfX BOMD ilffl A iATOfilll Of 30 TIABS ADD CALL
PEOTECTION Of 5 YEARS; FRIDAI QUOTATIONS.
BOND BUYER INDEX. GENERAL OBLIGATION, 20 TEABS TO BATOBITT, MIXED QUALI1Y; THUBSDAI QOOIATIONS.
COMTEACT IHTEBESS BATES OM COaaiTHEMfS FOB FIXED-BATE FIBSt «OBIGAGES. SCOICI: FaiHC

IOTB: HBEKLI AMD fWNTHLY FIGDRES ARE AfEBAGES OF DAILI BATES, EXCEPT FOB STAIE & LOCAL BONDS,
MHICH ABB BASED OM TBOBSDAT FIGURES, AMD CONTENTIONAL BORTGAGES AMD A-fiTILITY BONDS,
BOTH OF WHICH ABE BASED 08 FRIDAY FIGUBES.



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

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/

1984
AUG
1

:
:
::

11.53
10.34
11.11
11.38
11.74
12.97

:
:•
:
;i
:.
,:

1984
JULY
25

4 WEEKS ENDED
:
::
:

11.19 :
10.20 ,:
11.15 •:
11.53 :
11.98 :
13.27 :

1984 i
AUG ::
1 :
11.30
10.16
11.18
11.54
11.97
13.29

:
,:
:
:
:
:

1984
JULY
11
11.23
9.91
11.18
11.57
11.99
13.60

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.