Full text of H.15 Selected Interest Rates : July 2, 1984

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FEDERAL RESERVE statistical release
For Immediate release
JOLT
2 , 1934

H.15 (519)

SELECTED INTEREST RATES
Yields in percent per annum
Instrument!

FEDERAL FUHDS (EFFECTIVE) 1 /
COHHERCIAL P1PEB 2 / 3 /
1-MONTH
3-HONTH
6-HOKTH
FINANCE PAPER PLACED DIHECTLY 2 /
1-10NTH
3-HCKTH
6-HONTH
BANKERS ACCEPTANCES (TOP BATED) 2 /
3-HONTH
6-HONTH
CDS (SECONDARY HARKET)
1-HONTH
3 - HO NTH
6-HONTH
BANK PRIHE LOAN 1 / 4 /
DISCOONT WINDOW BORROWING 1 / 5 /
U.S.GOVERNHENT SECURITIES
TREASURY BILLS
AOCTICN AVERAGE(DISCOONT) 6 /
3-HONTH
6-HO NTH
1-YEAR
AOCTICN AVERAGE(INVESTHENT) 6 /
3-HONTH
6-HONTH
SECONDARY HARKET
3-HONTH
6-HONTH
1-YEAR
TREASURY CONSTANT HATORITIES 7 / 8 /
1-YEAR
2-YEAR
3-YEAR
5-YEAfi
7-YEAR
10-YEAR
20-YEAR
30-YEAR
CO MPOSTTF
v»w n r u ^ x x £•

OVER 10 YEARS(LO1G-TERH)9/
COR POP ATE BONDS
HOODY'S SEASONED
AAA
BAA
A-DTILITY 1 0 /
STATE C LOCAL BONDS 1 1 /
CONVENTIONAL HORTGAGES 1 2 /

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

JONS
25

JUNE
26

JUNE
27

JUNE
28

JUNE
29

Week ending
JU1E
JONE
29
22

J01E

11.08

10.84

10.51

10.64

10.85

11.27

11.49

11.06

11.06
11,27
11.41

11.03
11.23
11.38

11.04
11.22
11.36

11.11
11.32
11.37

11.11
11.24
11.35

11.07
11.26
11.37

10.98
11.06
11.24

10.82
10.98
11.23

11.09
10.52
10.38

10.92
10.52
10.38

11.09
10.54
10.61

10.94
10.54
10.41

11.17
10.61
10.45

11.04
10.55
10.45

10.90
10.45
10.31

10.76
10.38
10.25

11.40
11.45

11.45
11.50

11.40
11.50

11.40
11.50

11.40
11.50

11.41
11.49

11.22
11.33

11.04
11.30

11.44
11.72
12.10
13.00
9.00

11.38
11.68
12.11
13.00
9.00

11.41
11.62
12.10
13.00
9.00

11.43
11.64
12.08
13.00
9.00

11.37
11.67
12.14
13.00
9.00

11.41
11.67
12.11
12.71
9.00

11.19
11.46
11.97
12.50
9.00

11.01
11.34
11.96
12.60
9.00

9.77
10.49

9.77
10.49

10.01
10.49

9.94
10.55
10.92

10.16
11.23

10.16
11.23

10.41
11.23

10.34
11.30

9.75
10.52
11.06

9.80
10.52
11.10

9.75
10.44
11.07

9.84
10.48
11.12

9.92
10.46
11.11

9.81
10.48
11.09

9.91
10.56
10.97

9.87
10.51
10.92

12.24
13.12
13w39
13.70
13.72
13.75
13.67
13.56

12.29
13.17
13.49
13.77
13.79
13.79
13.72
13.60

12.25
13.12
13.45
13.70
13.75
13.76
13.69
13.56

12.32
13.17
13.48
13.70
13.78
13.80
13.72
13.57

12.30
13.17
13.48
13.72
13.62
13.84
13.77
13.64

12.28
13.15
13.46
13.72
13.77
13.79
13.71
13.59

12. 15
12.98
13.24
13.49
13.55
13.55
13.51
13.41

12.08
12.91
13.18
13.48
13.56
13.56
13.54
13.44

13.13

13.18

13.14

13.19

13.24

13.18

12.97

13.00

13.65
15.13

13.69
15.14

13.70
15.18

13.74
15.26

13.75
15.29
15.28

13.71
15.20
15.28
10.76
14.50

13.55
15.06
15.21
10.56
14.49

N.A.
N.A.
15.00
10.67
14.42

10.76

14.50

WEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAYS ENDING ON WEDNESDAY OF THE CURRENT WEEK;
HONTHI.Y FIGURES INCLUDE EACH CALENDAR DAY IN THE HONTH.
QUOTED ON BANK-DISCOUNT B A S I S .
RATES ON COHSERCIAL PAPER PLACED FOR FIRHS WROSfc BOND RATING I S AA OB THE EQUIVALENT.
RATE CHARGED BY BANKS ON SHORT-TFRH BUSINESS LOANS.
BATE FOR THE FEDERAL RESERVE BANK OF NEW YORK.
ISSUE DATE.
YIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT HATURITIES. SOURCE: U.S. TREASURY.
SEE REVERSE FOR A DESCRIPTON OF THE CONSTANT HATURITY SERIES.
UNWEIGHTED AVERAGE OF ALL ISSUES OUTSTANDING OP BONDS NEITHER DOE NOR CALLABLE IN LESS THAN 10 YFARS.
INCLUDING SEVERAL VEFT LOW YIELDING "FLOWER" BONDS.
ESTIMATE OF THE YIELD ON A RECENTLY OFFERED A-RATED UTILITY BOID WITH A HATURITY OF 30 YEARS AND CALL
PFOTECTION OF 5 YEARS; FRIDAY QUOTATIONS.
BOND BCYER INDEX, GENEBAL OBLIGATION, 20 YEAPS TO HATUFTTY, HIXEH QUALITY; THURSDAY QUOTATIONS.
CONTRACT INTEREST FATES ON COHHITBENTS FOR FIXED RATE FIRST HORTGAGES. SOURCE: FHLHC.

NOTE: WEEKLY AND HONTHLY FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT FOR STATE S LOCAL BONDS
AND CONVENTIONAL HOFTGAGES, WHICH ARE BASED ON THURSDAY AND FRTDAY FIGURES, RESPECTIVELY.




SELECTED INTEREST RATES
YIELDS IN PERCENT PER ANNUM
WEEK ENDING WEDNESDAY
WEEK ENDED
1984 :
JUNE

27
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/

11.27
9.81
11.22
11.67
12.09
13.68

4 WEEKS5 ENDED

1984 .
JUNE :
20 :
11.49
9.91
10.93
11.21
11.51
13.37

:
:
:•
:
•
:

1984 :
JUNE :
27 11.08
9.86
10.94
11.30
11.65
13.53

1984
JUNE
6

: 10.32
:
9.82
: 10.74
: 11.24
: 11.64
i 13.58

FEDERAL FUNDS RATES ARE AVERAGES OF EFFECTIVE RATES FOR
SEVEN CALENDAR DAYS ENDING ON WEDNESDAY.
QUOTED ON BANK DISCOUNT BASIS, "
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 YORX.
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.