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FEDERAL RESERVE statistical release
SELECTED INTEREST RATES
(Yields in percent per annum)
Calendar week ending July 24, 1981

H.15(519)

Instruments
Federal funds (effective)
Commercial paper 2/4/
1-month
3-month
6-month
Finance paper placed directly 2/
1-month
3-month
.
6-month
Bankers' acceptances (top-rated) 2/
3-month
6-month
CDs (secondary market)
1-month
".....
3-month
6-month
Prime loan (short-term business)
Discount window borrowing (FRBNY)
U.S. government securities
Treasury bills 2j
Auction average (Issue date)
3-month
6-month . ,
1-year
Secondary market
3-month
6-month
«.. .
1-year
Treasury constant maturities 3/
1-year
. . . . .
2-year
3-year
5-year
7-year
.
10-year
20-year
. . . .
30-year
.. .
Composite
•Over 10 years (long-term) 5/
Corporate bonds {Moody1s), Seasoned
All industries
Aaa
Baa . . . .
State and local bonds (Moody1s), Aaa
Conventional mortgage 6/
1.
2.
3.
4.
5.
6.

For Immediate Release
July 27, 1981

July
20

July
21

July
22

July
23

July
24

This
Weeek

Last
Week

June

18.58

19.98

22.36

20.05

18.65

19.05

18.76

19.10

17.48
17.02
16.19

17.92
17.36
16.71

18.19
17.55
16.79

18.19
17.68
16.86

17.90
17.34
16.67

17.94
17.39
16.64

17.39
16.78
15.82

17.34
16.32
15.22

17.15
15.38
14.48

17.53
15.55
14.65

17.68
15.55
14.65

17.68
15.55
14.65

17.60
15.55
14.80

17.53
15.52
14.65

17.09
15.38
14.38

16.66
14.58
14.13

17.35
16.45

17.55
16.80

17.65
16.75

17.60
16.75

17.30
16.50

17.49
16.65

16.80
15.77

16.27
15.02

17.81
17.79
17.65
20.50
14.00

18.21
18.20
18.13
20.50
14.00

18.55
18.36
18.16
20.50
14.00

18.49
18.38
18.09
20.50
14.00

18.24
18.17
17.89
20.50
14.00

18.26
18.18
17.98
20.50
14.00

17.72
17.47
17.00
20.50
14.00

17.55
16.90
16.09
20.03
14.00

15.563
15.318

14.558
14.230

14.557
13.947
13.146

15.563
15.318

15.50
15.42
14.48

15.72
15.42
14.52

15.68
15.41
14.50

15.50
15.27
14.34

15.08
14.96
14.16

15.50
15.30
14.40

14.56
14.39
13.56

14.73
14.09
13.22

16.47
15.96
15.75
15.25
14.87
14.59
14.21
13.87

16.52
16.00
15.66
15.23
14.85
14.61
14.21
13.84

16.49
15.95
15.69
15.24
14.81
14.63
14.24
13.87

16.27
15.85
15.59
15.17
14.79
14.57
14.19
13.80

16.03
15.64
15.37
14.96
14.61
14.41
13.97
13.65

16.36
15.88
15.61
15.17
14.79
14.56
14.16
13.81

15.34
15.02
14.86
14.53
14.27
14.08
13.73
13.40

14.86
14.51
14.29
13.95
13.67
13.47
13.20
12.96

13.29

13.33

13.33

13.29

13.14

13.28

12.84

12.39

15.25
14.54
16.28

15.30
14.55
16.28

15.38
14.56
16.34

15.38
14.58
16.32
10.30

15.35
14.50
16.28

15.33
14.55
16.30
10.30
16.88

15.09
14.25
16.15
10.30
16.74

14.76
13.75
15.80
9.86
16.70

16.88

7-day average for statement week ended on preceding Wednesday.
Quoted on bank-discount basis.
Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.
Rates on commercial paper placed for firms whose bond rating is Aa or the equivalent.
Unweighted average of all issues outstanding of bonds neither due nor callable in less than
1.0-years, including several low yielding "flower" bonds.
Contract interest rates on commitments for first mortgages. Source: FHLMC.