Full text of H.15 Selected Interest Rates : February 22, 1978

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WM

FEDERAL
H. 15

RESERVE

stati sti cal

SFI.FCTF.D INTEREST RATES AND BOND PRICES
(Yields in per cent per annum)
Calendar week ending February 18, 1978

Instruments
Federal funds (effective ratal ............
Commercial paper (prime, 90 to 119 davs) . .
Commercial paper (prime, 4 to 6 mon.)
. . .
Finance paper placed directly (3 to 6 mos.).
Bankers’ acceptances (primp, 90 davs)
. . .
Prime loan (large business prime rate majority).
Discount rate (Federal Reserve Rank of New v rV .
Yields on U.S. Government se urities:
if .
Auction Average (Issue date):
.......................
3-month bill
6-month bill
.......................
1-year bill
.......................
Market Yields:
3-month bill
.......................
6-month bill
.......................
1-year bill
.......................
Treasury constant maturities; 4/
1-year
.........................
2-year
.........................
3-year
......................... .. .
5-year
.........................
7-year
........ ................
10-year
.........................
20-year
.........................
30-year
.........................
Coupon issues due in:
5/
3 to 5 years .....................
10 years or more (long-term) 6 /
Price of long-term Treasury bonds 6/7/ , , .
Average yields on corporste bonds (Moody’s)
Aaa
...................................
Baa
...................................
State and local government Aaa (Moody’s) . .

Feb.
13
6.70

M
A

Feb.
14
6.83
6.76
6.79
6.75
6.81

Feb.
15
6.92
6.76
6.80
6.75
6.83

8 .00

8.00

6.50

6.50

Feb.
16
6.83
6.76
6.79
6.75

release
For Immediate Release
February 2 2 , 1978

6.86
8.00

Feb.
17
6.75
6.78
6.82
6.75
6.84

This
Week
6.762 /
6.77
6.80
6.75
6.83

Last
Week
6.762/
6.76
6.70
6,7 5
6.81

8.00

8.00

8.00

6.50

6.50

6.50

6.50

Year
Ago 1/
4.707/
4.75
4.78
4.75
4.783
6.25
5.25

6.452
6.745

6.476
6.743

4.633
4.862

R
K

6.452
6.745S

E

W KBBHi

T

6.47
6.77
6.87

6.50
6.79
6.90

6.51
6.82
6.94

6.45
6.76
6.87

6.48
6.79
6.90

6.44
6.73
6.84

4.63
4.84
5.08

C

7.34
7.57
7.67
7.84
7.96
8.05

7.42
7.64
7.74
7.90

7.37
7.63
7.73
7.88
7.99
8.09
8.25
8.29

7.38
7.61
7.71
7.87
7.99
8.08
8.25
8.28

7.31
7.52
7.62
7.79
7.91

8.25

7.37
7.59
7.69
7.87
7.99
8.08
8.24
8.27

5.37
6.03
6.35
6.73
7.13
7.35
7.61
n .a .

7.77
7.57
53.29
8.77
8.47
9.18

7.82
7.55
53.43
8.77
8.48
9.18

L

0
S

8.22

8.01
8.10
8.27
8.30

8.00
8.20
8.26

E
7.84
7.57
53.29
8.78
8.48
9.19
5.20

7.71
7.81
6.60
7.56
7.12
7.55
53.36
53.42
56.44
8.76
8.77
8.77
8.48
8.45
8.47
8.46
8.04
9.19
9.11
9.21
9.19
5.27
5.20
5.15
a y average for statement week e n d e d on preceding Wednesday.
1/ n m R
quoted on bank discount bants. 4/ Yield* on neti vely traded issues adjusted to cons tnnt maturities.
flout m :
U.f<
Treasury Department.
5/ tJnvn 1 Rhtrd average of al 1 Issues outstanding. 6 / Bonds nc ither due nor callable in less
than 10 years.
7/ Derived from "long-term" yield s above on the basis of an assumed 20-year bond with a 3 per cent
coupon.




D

7.82
7.55
53.43
8.78
8.48
9.19