Full text of H.15 Selected Interest Rates : July 30, 1984

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FEDERAL RESERVE statistical release
H.15 (51fl|

For Immediate release
*

SELECTED INTEREST RATES
Yields in percent per annum
Instruments

FEDERAL FU8DS (EFFECTIVB) 1 /
COMMERCIAL PAPER 2 / 3 /
1-MONTH
3-HONTH
6-HONTH
FINANCE PAPER PLACED DIRECTLT 2 /
1-BONTH
3-MONTH
6-HONTH
BANKERS ACCEPTANCES (TOP RATED) 2 /
3-MONTH
6-MONTH
CDS (SECONDARY MARKET)
1-HOSTH
3-HONTH
6-HONTH
BANK PRIME LOA1 1 / 4 /
DISCOUNT VINDO1 BORROWING 1 / 5 /
U.S. GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE (DISCOUNT) 6 /
3-MONTH
6-MONTB
1-YEAB
AUCTION AVERAGE (INVESTMENT) 6/
3-HONTH
6-HONTH
SECONDARY BASKET
3-MONTH
6-HO NTH
1-YEAR
TREASURY CONSTANT MATURITIES 7 / 8 ,
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAH
10-YE AH
20-YEAR
30-YEAR
COMPOSITE
OVER 10 IEABS(LOMG-TEfiB) 9 /
CORPORATE BONDS
MOODYfS SEASONED
AAA
BAA
A-UTILITY 1 0 /
STATE S LOCAL BONDS 1 1 /
CONVENTIONAL MORTGAGES 1 2 /
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

JULY

ending
JULY

27

20

11.33

11.19

11.21

11.06

10.93
11.07
11.21

10.92
11.04
11.15

10.98
11.11
11.26

11.03
11.18
11.34

10.82
10.98
11.23

10.80
10.53
10.40

10.79
10.62
10.50

10.79
10.53
10.30

10.90
10.55
10.40

10.96
10.51
10.40

10.76
10.38
10.25

11.25
11.40

11.15
11.30

11.15
11.20

11.20
11.30

11.22
11.34

11.31
11.48

11.04
11.30

11.21
11.54
12.06
13.00
9.00

11.15
11.47
12.00
13.00
9.00

11.18
11.41
11.89
13.00
9.00

11.10
11.29
11.72
13.00
9.00

11.19
11.47
11.98
13.00
9.00

11.25
11.54
12.10
13.00
9.00

11.01
11.34
11.96
12.60
9.00

10.30
10.64

10.30
10.64

10.17
10.60

9.94
10.55
10.92

10.72
11.40

10.72
11.40

10.58
11.36

10.34
11.30

WOOR

JOLT
23

JULY

JULY

JULY

JULY

24

25

26

27

11.49

11.21

11.02

11.29

11.06
11.18
11.34

11.01
11.14
11.34

10.96
11.11
11.26

11.08

10.53
10.40

11.05
10. 53
10.40

11.35
11.50
11.32
11,65
12.21
13.00
9.00

JUNE

10.21
10.60
10.92

10.27
10.61
10.88

10.26
10.54
10.76

10.24
10.49
10.68

10.28
10.57
10.71

10.25
10.56
10.79

10.11
10.55
10.89

9.87
10.51
10.92

12.06
12.87
13.06
13.25
13.34
13.35
13.35
13.27

12.00
12.85
13.02
13.24
13.30
13.31
13.32
13.25

11.86
12.64
12.81
12.95
13.04
13.06
13.08
12.97

11.76
12.55
12.67
12.80
12.89
12.89
12.99
12.88

11.80
12.59
12.76
12.89
12.95
12.95
12.99
12.91

11.90
12.70
12.86
13.03
13.10
13.11
13.15
13.06

12.03
12.88
13.06
13.23
13.31
13.32
13.31
13. 16

12.08
12.91
13.18
13.48
13.56
13.56
13.54
13.44

12.83

12.80

12.54

12.4«

12.47

12.62

12.79

13.00

13.47
15.17

13.45
15.19

13.34
15.08

13.22
15.01

13.13
14.98
14.54

13.32
15.09
14.54
10.19
14.67

13.36
15. 18
14.85
10.36
14.66

13.55
15.05
15.00
10.67
14.42

10.19
14.67

WEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAYS ENDING ON WEDNESDAY OF THE CURRENT IEEK;
MONTHLY FIGURES INCLUDE EACH CALENDAR DAY I I THE MONTH.
QUOTED ON BANK-DISCOUNT B A S I S .
RATES ON COMMERCIAL PAPER PLACED FOR FIRHS WHOSE BOND RATING I S AA OR TBE EQUIVALENT.
RATE CHARGED BY BANKS 0 * SHORT-TERH BUSINESS LOANS.
RATE FOR THE FEDERAL RESERVE BANK OF NEW YORK.
ISSUE DATE.
YIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT MATURITIES.
SOURCE: U . S . TREASURY.
SEE REVERSE FOR A DESCRIPTON OF THE CONSTANT MATURITY SERIES.
UNWEIGHTED AVERAGE OF ALL ISSUES OUTSTANDING OF BONDS NEITHER DOE NOR CALLABLE I I LESS THAN 10 YEAFS,
INCLUDING SEVERAL VERY LOW YIELDING "FLOWER" BONDS.
ESTIMATE OF THE YIELD ON A RECENTLY-OFFERED, A-RATED UTILITY BO1D WITH A MATURITY OF 3 0 YEARS AND CALL
PROTECTION OF 5 YEARS; FRIDAY QUOTATIONS.
BOND BUYER INDEX, GENERAL OBLIGATION, 20 YEARS TO MATURITY, MIXED QUALITY; THURSDAY QUOTATIONS.
CONTRACT INTEREST RATES ON COMMITMENTS FOR FIXED-RATE FIRST MORTGAGES.
SOURCES FHLMC.

NOTE: 8EEKLY AND MONTHLY FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT FOR STATE & LOCAL BONDS,
WHICH ARE BASED CN THUBSDAY FIGUBES, AND CONVENTIONAL MORTGAGES AND A-OTILITY BONDS,
WHICH ARE BOTH BASED ON FRIDAY FIGURES.




SELECTED INTEREST RATES
YIELDS IN PERCENT PER ANNUM
WEEK ENDING WEDNESDAY
WEEK ENDED
1984 :
JULY
25 •
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/

11.19
10.20
11.15
11.53
11.98
13.27

1984 :
JULY :
18 :

• 11.21 :
• 10.06 :
- 11.20 :
• 11.54 :
12.01 :
13.33 :

4 WEEKS ENDED
1984 :
JULY :
25 :
11.14
10.04
11.23
11.62
12.09
13.49

:
:
:
:
:
:

1984
JULY
4
11.13
9.88
11.08
11.44
11.83
13.58

1. FEDERAL FUNDS RATES ARE AVERAGES OF EFFECTIVE PATES 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, 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.