Full text of H.15 Selected Interest Rates : July 17, 1978

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FEDERAL

RESERVE

stati sti ca

r e l e a s e

SELECTED INTERFST RATES AND BOND PRICES
(Yields In per cent per annum)
Calendar week ending July 15, 1978
Instruments
Federal funds (effective rate). .................
Commercial paper (prime, 90 to 119 days)........
Commercial paper (prime, 4 to A mos.) ..........
Finance paper placed directly (I to ft mos.) . . .
Bankers' acceptances (ptime, >o days) ..........
Prime loan (large business prime ratr-ma|nritv) .
Discount rate (Federal Reserve Rank of New York).
Yields on U.S. Government securities
3
Auction Average (Issue date);
3-month bill . ...........................
6-month b i l l ..............
..........
1-year bill
.............................
Market Yields;
3-month b i l l ........
................
. .
6-month b i l l ....................
1-year bill
...................... ..
Treasury constant maturities; 4/
1-year
........ ....................
2-year
..............................
3-year
...............................
5-year
...............................
7-year
...............................
10-year
...............................
20-year
...............................
30-year
...............................

July
10
7.78
7.83
7.89
7.66
8.01
9.00
7.25

July
11
7.74
7.83
7.90
7.66
8.08
9.00
7.25

July
12
7.71
7.85
7.90
7.66
8.05
9.00
7.25

July
13
7.75
7.87
7.92
7.67
8.08
9.00
7.25

For Immediate Release
July 17, 1978
July
14
7.77
7.88
7.93
7.67
8.10
9.00
7.25

7.188
7.515

This
Week
7.72 2/
7.85
7.91
7.66
8.06
9.00
7.25

Last
Week
7.72 2/
7.82
7.88
7.63
8.01
9.00
7.25

7.188
7.515

7.058
7.447

5.163
5.356

7.16
7.48
7.82

7.20
7.51
7.81

7.19
7.51
7.81

7.18
7.54
7.84

7.07
7.51
7.82

7.16
7.51
7.82

7.05
7.43
7.75

5.16
5.37
5.51

8.41
8.50
8.56
8.56
8.58
8.68
8.72
8.69

8.41
8.48
8.55
8.56
8.56
8.68
8.72
8.69

8.41
8.48
8.55
8.56
8.56
8.67
8.72
8.69

8.44
8.50
8.56
8.57
8.58
8.68
8.73
8.70

8.41
8.51
8.56
8.57
8.57
8.68
8.71
8.69

8.42
8.49
8.56
8.56
8.57
8.68
8.72
8.69

8.34
8.45
8.51
8.50
8.52
8.62
8.68
8.63

5.88
6.22
6.47
6.80
7.09
7.31
7.60
7.64

Average yields on corporate bonds (Moody's) . . .
9.21
9.21
9.20
9.22
9.18
9.21
9.23
8.87
8.89
8.92
A a a .........................................
8.91
8.91
8.90
8.85
9.60
9.58
9.60
9.58
B a a .........................................
9.57
9.60
9.59
State and local government Aaa (Moody’s)........
5.85
5.85
5.85
17 As of week ending July 16,1.97 7.
2/ 7-day average for statement week ended on preceding Wednesday.
3/ Bills quoted on bank discount basis.
4/ Yields on actively traded issues adjusted to constant maturities.
Source: U.S. Treasury Department..




Year
Ago 1/
5.33 2/
5.38
5.41
5.38
5.41
6.75
5.25

8.34
7.94
8.88
5.20