Full text of H.15 Selected Interest Rates : June 1, 1987

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FEDERAL RESERVE statistical release
These data are released each Monday. The availability of the release will
be announced, when the information is available, on (202) 452-3206.

For immediate release

H.1S (519)

SELECTED INTEREST RATES

JUNE

1,

1987

Yields in percent per annum
Instruments

FEDERAL FUNDS (EFFECTIVE) 1 /
COMMERCIAL PAPER 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
CDS (SECONDARY MARKET)
1-MONTH
3-MONTH
6-MONTH
BANK PRIME LOAN 1 / 4 /
DISCOUNT WINDOW BORROHING 1 / 5 /
U.S.GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE 2 / 6 /
3-MONTH
6-MONTH
1-YEAR
AUCTION AVERAGE(INVESTMENT) 6 /
3-MONTH
6-MONTH
SECONDARY MARKET 2 /
3-MONTH
6-MONTH
1-YEAR
TREASURY CONSTANT MATURITIES 7 / 8 /
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10-YEAR
30-YEAR
COMPOSITE
OVER 10 YEARS(L0NG-TERM)9/
CORPORATE BONDS
MOODY'S SEASONED
AAA
BAA
A-UTILITY 1 0 /
STATE & LOCAL BONDS 1 1 /
CONVENTIONAL MORTGAGES 1 2 /

1987
MAY
25

1987
MAY
26

M
.
R

1987
MAY
28

1987
MAY
29

6.97

6.97

6.80

6.63

6.80

6.77

6.85

6.88
6.98
7.15

6.88
6.99
7.10

6.90
7.01
7.13

6.86
6.97
7.09

6.88
6.99
7.12

6.94
7.11
7.27

6.83
6.93
7.04

6.85
6.83
6.36

6.83
6.71
6.51

6.81
6.71
6.51

6.76
6.80
6.51

6.81
6.76
6.47

6.86
6.83
6.52

6.78
6.74
6.47

6.98
7.10

6.97
7.10

7.00
7.14

6.98
7.07

6.98
7.10

7.15
7.30

6.91
7.03

6.83
7.05
7.39
8.25
5.50

6.87
7.02
7.32
8.25
5.50

6.87
7.04
7.32
8.25
5.50

6.85
7.02
7.27
8.25
5.50

6.86
7.03
7.33
8.25
5.50

7.00
7.23
7.53
8.21
5.50

6.81
6.99
7.24
8.14
5.50

5.70
6.18

5.70
6.18

6.03
6.34

5.75
6.11
6.56

5.88
6.49

5.88
6.49

6.22
6.66

5.94'
6.40

This
weeK

Last
ween

K

T

C
L
(\
U

s
E
U

5.61
6.12
6.49

5.76
6.21
6.53

5.63
6.20
6.47

5.68
6.16
6.42

5.67
6.17
6.48

5.68
6.21
6.71

5.66
6.05
6.52

6.96
7.79
8.01
8.23
8.40
8.55
8.69

7.01
7.84
8.06
8.28
8.47
8.60
8.75

6.94
7.81
8.04
8.25
8.44
8.56
8.74

6.88
7.69
7.94
8.15
8.35
8.49
8.65

6.95
7.78
8.01
8.23
8.42
8.55
8.71

7.20
8.00
8.27
8.52
8.71
8.84
9.00

7.00
7.76
8.02
8.26
8.47
8.61
8.78

8.71

8.77

8.76

8.6*

8.73

9.03

8.79

9.43
10.61

9.39
10.56

9.39
10.59

9.40
10.57
10.05

9.40
10.58
10.05
8.03
10.70

9.49
10.62
10.27
8.31
10.81

n. a .
n. a .
n. a .
8.00
10.60

8.03
10.70

1.

NEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAYS ENDING ON NEDNESDAY OF THE CURRENT MEEK; MONTHLY FIGURES
INCLUDE EACH CALENDAR DAY I N THE MONTH.

2.
3.
4.
5.
6.
7.
8.

R A T E i % 8 \ ^ M E R 2 l A L ° P A P E R A P L A 6 E D FOR FIRMS NHOSE BOND RATING I S AA OR THE EQUIVALENT.
RATE CHARGED BY BANKS ON SHORT-TERM BUSINESS LOANS.
S

E

§r

K

?[

N

^l°

R

!$EEK

AND MONTH AVERAGES ON ISSUE-DATE BASIS

MATURITY S ^ E S ^ T H E

IHTESR -

ST

^TSRITV

YIELD WAS

gIR5isSgl k f f i S K T r f c s THAN 10 YEARS,

9.
10.

T

?HS?lEt?oJ5Sa&
UTILITY BOND HITH A MATURITY OF 30 YEARS AND CALL
558S SE§! iSDixy^ERA'rgSrig^ISN^^-YEARS TO MATURITY, MIXED QUALITY; THURSDAY QUOTATIONS.
E

CONTRACT INTEREST RATES ON COMMITMENTS FOR FIXED-RATE FIRST MORTGAGES.
E

SOURCE:
SOURCE FHLMC.
FHLMC

NOTE: WEEKLY AND MONTHLY FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT FOR STATE & LOCAL BONDS, WHICH ARE
BASED ON THURSDAY FIGURES, AND CONVENTIONAL MORTGAGES AND A-UTILITY BONDS, BOTH OF WHICH
ARE BASED ON FRIDAY FIGURES.




1987
MAY

1987
MAY
27

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

FEDERAL
3-MONTH
3-MONTH
3-MONTH
3-MONTH

FUNDS (EFFECTIVE) 1/
TREASURY BILL 2/
COMMERCIAL PAPER 2/
CD (SECONDARY MARKET)
EURODOLLAR 3/

4 WEEKS ENDED

1987 :
MAY :
27

1987 :
MAY :
20 :

1987 :
MAY :
27 :

1987
APR
29

6.80
5.61
7.07
7.15 :
7.36

6.77
5.80 :
7.00
7.10 :
7.36

6.91 :
5.65 :
6.93 :
6.99 .
7.24 :

6.62
5.67
6.60
6.66
6.89

1. FEDERAL FUNDS RATES ARE AVERAGES OF EFFECTIVE RATES FOR
SEVEN CALENDAR DAYS ENDING ON WEDNESDAY.
2. QUOTED ON BANK DISCOUNT BASIS. lf
3. FOR INDICATION PURPOSES ONLY.

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, 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.