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FEDERAL RESERVE statistical release
SELECTED INTEREST RATES
(Yields in percent per annum)
Calendar week ending December 15, 1979

H.15(519)

Instruments
Federal funds (effective rate)
Commercial paper 3/^1
1-month
3-month
,....,•
6-month . . . . .
Finance paper placed directly 3/2/
1-month
•
3-month
6-month
•
Bankers' acceptances (prime, 90 days) 3/
CDs (secondary market)
1-month
3-month
6-month
Prime loan (large business prime rate-majority) .
Discount rate (Federal Reserve Bank of New York).
U.S. government securities
Treasury bills 3/
Auction average (Issue date)
3-month
6-month
1-year
.
Secondary market
3-month
6-month . . * .
1-year
. . .

rroassury constant maturities 4/
1-year
2-year
3-year
5-year
7-year
10-year
20-year
30-year
Coupon issues due in 3 to 5 years 5/

Dec.
10

Dec.
11

Dec.
12

14.17

14.11

13.13
12.79
12.48

13.20
13.02
12.56

13.13
11.65
11.60
13.05
13.20
13.23
13.17
15.25
12.00

For Immediate Release
December 17, 1979

13.77

Dec.
13
14.64

14
13.96

This
Week
13.79 2/

Last
Week
13.77 2/

13.37
13.25
12.92

13.69
13.65
13.03

13.80
13.84
13.36

13.44
13.31
12.87

12.85
12.85
12.62

10.07
10.29
10.36

13.16
11.70
11.78
13.33

13.33
11.70
11.78
13.83

13.43
11.75
11.73
13.90

13.40
11.65
11.80
13.78

13.29
11.69
11.74
13.58

12.70
11.68
11.48
12.83

10.06
10.00
9.97
10.37

13.35
13.38
13.38
15.25
12.00

13.56
13.58'
13.61
15.25
12.00

14.01
14.10
14.16
15.25
12.00

13.99
13.86
13T69
15.25
12.00

13.62
13.63
13.60
15.29 2/
12.00 2/

12.94
13.09
13.12
15.54 2/
12.00 1/

10.10
10.51
11.04
11.50 2/
9.50 2/

12.054
11.769

11.927
11.767

8.929
9.263

8.93
9.24
9.28

Dec.

12.054
11.769

Year
r ,
Ago 9.79 2/

10.818
12.09
11.77
10.84

12.29
12.08
11.09

12.60
12.43
11.38

12.42
12.18
11.18

12.30
11.98
11.01

12.34
12.09
11.10

11.75
1.1.65
10.86

11.98
11.25
10.36
10.29
10.30
10.27
10.07
10.03

12.28
11.60
10.87
10.47
10.50
10.46
10.25
10.18

12.62
11.85
11.14
10.60
10.62
10.58
10.31
10.27

12.38
11.67
10.95
10.51
10.53
10.51
10.31
10.23

12.16
11.47
10.80
10.40
10.44
10.45
10.20
10.17

12.28
11.57
10.86
10.45
10.48
10.45
10.23
10.18

11.93
11.24
10.61r*
10.34
10.35
10.29
10.07
10.03

10.29

10.44

10.66

10.59

10.47

10.49

10.33

11.26
11.33
11.23
11.29
11.29
11.35
11.23
Corporate bonds (Moody s ) , all industries
10.79
10.70
10.69
10.79
10.60
10.65
10.58
Aaa
12.02
12.00
11.99
11.99
11.96
11.97
11.93
Baa . . . . . . .
6.50
6.50
6.50
State and local government Aaa (Moody's).
(Moody's
16, 1978.
As of week ending December 16,
1
2/ 7-day average for statement week ended on preceding Wednesday
3/ Quoted on bank-discount basis.
Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.
5/ Unweighted average for all issues outstanding.
6/ Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent. Year ago data show maturities for 30-59
90-119 days, and 120-179 days.
V
Year ago data show maturities for 30-59 days, 90-119 days, and 150-179 days.
*
This number was erroneously reported last week as 10.01, and the prior week as 10.61 instead of 10.64.
!

10.12
9.54
9.19
8.97
8.95
8.95
8.85
8.86
9.12
9.44
9.12
9.89
5.85

TT




days,