Full text of H.15 Selected Interest Rates : February 6, 1978

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F E D E R A L

1*1

R E S c R V E

statistical

'IHIFD INTEREST RATES AND BOND PRICES
'Ylplds In ppr cent per annum)
i .iI**ndar week ending February 4, 1978

H .15
—
Inst

t4

.Ian .
30
6 .72
6.77
6.82
6.75
6.82

Jan.
J1
6.79
6.76
6.82
6.75
6.80

release

For Iramedlate Release
February 6 , 1978

Feb.

Feb.

1

2

Feb.
3
6.78
6.76
6.81
6.75
6.80

This
Week
6.80 2 /
6.76
*6.81
6.75
6.82

hast
Week
6.72 2/
6.77
6.83
6.75
6.85

Year
Ago 1/
4.60 2 /
4.80
4.88
4.75
4.90
6.25
5.25

Federal funds (effect Ivr- rate.. . . . ........
7.18
6.79
Commercial paper (prime, 9n t 119 Tiv«) . . . .
6.76
6.76
Commercial paper (prime, 4 to b m o s . ) ........
6.80
6.80
Finance paper plac ed direct lv (J to b mos.) . .
b.75
6.7 5
Bankers' acceptances (prim- , <h) days) If NOTE
6.84
6.83
Prime loan (Large business prime rate-ma)or1tv)
8.00
8.00
8.00
8.00
8.00
8.00
8.00
Discount rate (Federal Reserve Rank of New York)
1.30
6.50
b .50
6.50
6.50
6.50
6.50
Yields on U.S. Government securities:
3/
Auction Average (Issue late):
3-month bill
6.440
6.440
6.429
4.720
6-month bill
6.715
6.715
6.709
5.008
1 -year bill
Market Yields:
3-month bill
4 n
6 .(>3
6.42
6.41
6.42
6.42
6.42
6.44
6-month bill
6.72
6.70
6.69
b. 70
6.69
6.70
6.72
4.99
1 -year bill
6.80
6.78
6.79
6.81
6.82
6.80
6.82
5.24
Treasury constant maturities:
./
1vear .
7.27
7.26
7.27
7.29
7.30
7.28
7.30
5.57
2vear .
7.4 7
7.47
7.47
7.47
7.48
7.48
7.52
6. 1 R
3year .........
7.60
7.5 7
7.58
7.58
7.59
7.58
7.65
6.54
5-vear ..............
7.75
7.74
7.72
7.75
7.75
7.74
7.79
6.88
7-vear ..............
7.85
7.83
7.85
7.88
7.86
7.85
7.17
7.89
10-year SIT N o n
. . ,
7,94
7.96
7.96
7.97
7.96
7.98
7.40
20-vear SL'.F MOT I
. .
8.17
8.18
8.16
8.17
8.18
8.17
8.17
7.63
30-vear ..............
8.20
8.18
8.20
8.20
8.22
8.20
8.21
n .a .
Coupon Issues due In: 5/
3 to 5 y e a r s ...............
7.71
7.67
7.68
7.68
7.68
7.6R
6.78
7.74
10 years or m--re 1*32l-uig t«*rm» t>
7.54
7.54
7.54
7.54
1.33
7.54
7.55
7. 15
Price of long-term Treasurv bonds b I f
S3.49
53.56
53.49
53.49
53.49
5 3.50
53.45
56.20
Average yields on corpot it*' bonds (M©<>dv's)
8.78
8.79
8.78
8.78
8.77
8.78
8.79
8.47
A a a ........
8.47
8.47
8.46
8.46
8.45
8.4 7
8.46
8.03
B a a ........
9.19
9.19
9.19
9.20
9.21
9.21
9.20
9.13
State and local government Aaa (Moody's)
U O
_ 5.20
5.30
u Ju ll—
\ J As of week ending Fnbruatv
, 11
//
day average for statement week ended on preceding Wednesday. 3/ Bills
quoted on bank discount bants. 4/ Yields on actively traded Issues adjusted to constant maturities. Source: U.S.
Treasury Department. 5/ Unweighted average of all Issues outstanding. 6 / Bonds neither due nor callable in lens
than 10 years. 7/ Derived from ''long-term” yields above on the basis of an assumed 20-year bond with a 3 per cent
coupon. NOTE: Correction* fot last. 10 8.15, If) "hast Week” column: Bankers' acceptances should have read 6.89, as
reported the previous week; 7 and 10 vear constant maturities should have been followed by a "c," to indicate correc­
tions from previous week.
o-

>c

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