Full text of H.15 Selected Interest Rates : July 29, 1985

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release
H.15 (519)

For immediate release
JULY 2 9 , 1935

SELECTED INTEREST RATES
Yields In percent per annum
Instruments

FEDERAL FUNDS (EFFECTIVE) 1/
COMMERCIAL «>AP6R 2/3/
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
CCS (SECONDARY MARKET)
1-MONTH
3-MONTH
6-MONTH
*ANK PRIME LOAN
1/4/
DISCOUNT WINDOW BORROWING 1/5/
U.S.GOVERNMENT SECURITIES
TREASURY SILLS
AUCTION AVERAGE 2 / 6/
3-M0N T H
fc-MONTH
1-YEAR
AUCTION AVERAGE(INVESTMENT) 6/
3-MONTH
6-MONTH
SECONDARY MARKET 2/
3-MONTH
6-MONTH
1-YEAR
TREASURY CONSTANT MATURITIES 7/6/
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10-YEAR
20-YcAR
30-YEAR
COMPOSITE
OVER 10 Y E A R $ ( L 0 N G - T C R M > 9 /
CORPORATE BONDS
MOO0Y f S SEASONED
AAA
BAA
A-UTILITY 10/
STATE t LOCAL PGNDS 11/
CONVENTIONAL MORTGAGES 12/
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

JULY
11

JULY

JULY
24

JULY
2b

JULY
26

Week
JULY
26

JULY
19

JUNE

8.07

7.83

7.55

7.49

7.41

7.88

7.77

7.53

7.76
7.7S
7.78

7.78
7.77
7.79

7.69
7.71
7.72

7.65
7.67
7.76

7.65
7.68
7.74

7.71
7.72
7.76

7.54
7.53
7.53

7.34
7.35
7.38

7.77
7.62
7.53

7.58
7.55
7.45

7.60
7.51
7.46

7.58
7.53
7.51

7.68
7.56
7.51

7.64
7.55
7.49

7.51
7.32
7.25

7.31
7.19
7.16

7.75
7.75

7.75
7.7 5

70
73

7.65
7.75

7.68
7.78

7.71
7.75

7.52
7.53

7.32
7.34

7.7*
7.P3
8 .00
9.50
7.50

7.75
7.63
7.99
9.50
7.50

7.66
7.72
7.92
9.50
7.50

7.65
7.72
8.00
9.50
7.50

7.64
7.71
8.01
9.50
7.50

7.69
7.76
7.98
9.50
7.50

7.55
7.62
7.77
9.50
7.50

7.38
7.44
7.58
9.73
7.50

7.23
7.35

7.23
7.35

7.06
7.20

7.01
7.16
7.18

7.47
7.74

7.47
7.74

7.29
7.58

7.23
7.53

7.24
7.34
7.46

7.26
7.36
7.48

7.24
7.37
7.48

7.17
7.34
7.45

7.19
7.35
7.46

7.22
7.35
7.47

7.07
7.18
7.29

6.95
7.09
7.27

9.02
8.95
9.39
9.87
10.31
10.46
10.82
10.60

8.05
5.97
9.41
9.91
10.32
10.47
10.82
10.60

8.04
8.99
9.42
9.92
10.36
10.51
10.35
10.63

8.01
8.96
9.40
9.91
10.38
10.52
10.88
10.64

8.02
8.98
9.44
9.96
10.45
10.59
10.97
10.72

8.03
8.97
9.41
9.91
10.36
10.51
10.87
10.64

7.82
8.73
9.13
9.64
10.08
10.23
10.62
10.42

7.80
8.69
9.05
9.60
10.08
10.16
10.57
10.45

10.64

10,65

10.67

10.70

10.77

10.69

10.44

10.36

11.03
12.40

11.02
12.42

11.05
12.44

11.03
12.45

11.15
12.54
11.81

11.07
12.45
11.81
8.87
12.03

10.87
12.35
11.62
8.73
11.94

10.94
12.40
11.62
8.69
12.22

8.67
12.03

WEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAYS ENDING ON WEDNESDAY OF THE CURRENT WEEK;
MONTHLY FIGURES INCLUDE EACH CALENOAR DAY IN THE MONTH.
QUOTED ON BANK-DISCOUNT BASIS.
RATES ON COMMERCIAL PAPER PLACEO FOP ?=IRI*S WHOSE BOND RATING IS AA OR THE EQUIVALENT.
RATE CHARGED BY BANKS ON SHORT-TERM BUSINESS LOANS.
RATE FOR THE FEDERAL RESERVE BANK OF NEW YORK.
AUCTION DAT5.
YIELDS ON ACTIVELY TRADED ISSUES AOJUSTED TO CONSTANT MATURITIES.
SOURCE: U . S . TREASURY.
SEE REVERSE FOR A OESCRIPTON OF THE CONSTANT MATURITY SERIES.
UNWEIGHTED AVERAGE OF ALL ISSUES OUTSTANDING OF BONOS NEITHER DUE NOR CALLABLE IN LESS THAN 10 YEARS*
INCLUOING SEVERAL VERY LOW YIELDING "FLOWER" BONDS.
ESTIMATE OF THE YIELD ON A RECENTLY-OFFERED* A-RATED UTILITY BOND WITH A MATURITY OF 30 YEARS ANO CALL
PROTECTION OF 5 YEA3S5 FRIDAY QUOTATIONS*
BONO BUYER INOEX, GENERAL OBLIGATION, 20 YEARS TO MATURITY, MIXED QUALITY; THURSDAY QUOTATIONS.
CONTRACT INTEREST RATES ON COMMITMENTS FOR FIXEO-RATE FIRST MORTGAGES.
SOURCE: FHLMC.

NOTE: WEEKLY AND MONTHLY FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT FOR STATE I LOCAL BONDS*
WHICH ARE BASED ON THURSDAY FIGURES, ANO CONVENTIONAL MORTGAGES AND A-UTILITY BONDS,
BOTH OF WHICH ARE °ASEO ON FRIDAY FIGURES.
** AS OF THE H.15 RELEASE OATE OF JUNE 2 4 , 1985, TREASURY SILL AUCTION AVERAGES WILL B6 REP0KT60
ON THc AUCTION DATE INSTEAO OF THE ISSUE OATE.




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

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/

4 WEEKS ENDED

1985 :
JULY :
24 :

1985 :
JULY :
17 :

1985
JULY
24

1985
JULY
3

7.88
7.21
7.68
7.75
8.01

7.77
7.03
7.48
7.59
7.81

7.95
7.01
7.50
7.58
7.82

7.57
6.95
7.36
7.47
7.62

10.78

:
:
:
:
:
:

10.58

s

10.60

:

10.59

FEDERAL FUNDS RATES ARE AVERAGES OF EFFECTIVE RATES FOR
SEVEN CALENDAR DAYS ENDING ON WEDNESDAY.
2. QUOTED ON BANK DISCOUNT BASIS. "
3. 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 YORK.
THE CONSTANT YIELD VALUES ARE READ FROM THE YIELD CURVE AT
FIXED MATURITIES, CURRENTLY 1, 2, 3, 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.