Full text of H.15 Selected Interest Rates : June 11, 1984

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FEDERAL RESERVE statistical release
For immediate release
JUNE 1 1 ,

H.15 (519)

SELECTED INTEREST RATES
Yields In percent per annum
instruments

JUNE
4

10.99
FEDERAL FUNDS (EFFECTIVE) 1 /
COMMERCIAL PAPEB 2/3/
1-MCNTH
10.43
10.71
3-MONTH
11.10
6-MONTH
FINANCE PAPER PLACES DIRECTLY 2 /
1-HO NTH
10.36
3-MQKTH
10.25
6-MO N'TH
10.11
BANKERS ACCEPTANCES (TOP BATED) 2 /
3-BO NTH
10.75
6-MO NTH
11.20
CDS (SECONDARY MARKET)
1-MONTH
10.53
3-MONTH
11.15
6-HOKTH
11.83
EURODOLLAR DEPOSIT
(3-flONTH) 4 /
11.38
BANK PF.IHE LOAN
1 / 5/
12.50
DISCOUNT talNDOii BCFBOMING 1 / 6 /
9.00
a.S,GOVERNRENT SECURITIES
TFEASUBY BILLS 2/
ACCTICN AVERAGE (ISSUE DATE)
3-15CNTH
6-fiGNTH
1-YEAR
SECONDARY MARKET
3-flONTE
9.85
6-fiONTfa
10.45
1-YSAR
10.75
TREASURY CONSTANT MATURITIES 7 / a/
1-YEAR
11.85
2-YEAR
12.63
3-YEAR
12.90
5-YEAR
13.29
7-YEAR
13.39
10-IEAR
13.42
20-YEAR
i
13.39
30-YEAR
13.37
COMPOSITE
OVER 10 YEABS(LQNG-TEHB) 9 /
12.88
CORPORATE BONDS (HGODYS), SEASOM££
ALL INDUSTRIES
14.33
AAA
13.46
BAA
14.91
STATE Z LOCAL BONDS (HOODYS) ,AAA
CONVENTIONAL MORTGAGES 1 0 /

JUNE
5

JUNE

10.65

Week ending
JUNE
JUNE

JUKI
7

JOSE

11.03

11.01

10.76

10.72

10.30

1C.32

10.50
10.73
1 1 . 08

10.52
10.73
11.06

10.66
10.86
11.18

10.70
10.87
11.21

10.56
10.78
11.13

10.32
10.72
11. 06

10.38
10.65
10. 87

10.50
10.25
10.11

10.53
10.24
10.11

10.57
10.27
10.15

10.68
10.27
10. 15

10.53
10.26
10.13

10.28
10.26
10.11

10.2e
10. 16
10.03

10.70
11. 15

10.75
11.15

10. 80
11.25

10.82
11.27

10.76
11.20

10.86
11.35

10.84
1 I.Ofc

10.65
11.03
11-78
11.25
12.50
9.00

10.67
11.02
11.75
11.31
12.50
9.00

10.82
11.15
11.88
11.50
12.50
9.00

10.79
11.11
11.89
11.50
12.50
9.00

10.69
11.09
11.83
11.39
U.50
9.00

10.5fc
11.31
11.99
11.67
12.50
9.00

10.62
11.11
11.64
11.53
12.39
9.00

9.90
10.57

9.83
10.62

9.90
10.31
10.64

6

9.90
10.57

HAY

1

8

9-75
10.44
10.72

9.76
10.48
10.78

9.84
10.55
10.86

9.67
10.52
10.89

9.81
10.49
10.80

9.76
10.56
10.94

9.83
10.31
10.57

11.82
12.60
12.90
13.24
13.34
13.37
13.38
13.35

11.89
12.75
13.04
13.38
13.51
13.54
13.54
13.47

12.00
12.81
13.07
13.43
13.56
13.54
13.55
13.48

12.03
12.74
13.C3
13.35
13.46
13.46
13.50
13.412

11.92
12.71
12.99
13.34
13.45
13.47
13.47
13.42

12.10
12.94
13.25
13.69
13.82
13.8C
13«79
13,80

n.6fc
12.47
12.75
13.17
13.3U
1.3,4 1
13.43

12.86

13.00

13.01

12.S7

12*94

13.25

12.85

14.31
13.44
14.87

14.35
13.47
14.97

1%.38
13.*9
15.02
10.00

14.35
13.116
14.99

14. 34
13.46
14.95
10.00
14.33

14.44
13.56
15-04
10.30
14.29

14.13
13.28
14,74
9.96
13.94

14.33

1.

WEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAYS ENDING ON WEDNESDAY OF THF CUSREKT iE£K;
MONTHLY FIGURES INCLUDE EACH CALENDAR DAY IK THE MONTH,
2.
QUOTED ON BANK-DISCCUNT BASIS.
3.
RATES OK COMMERCIAL PAPER PLACED FOB FIBBS WHOSE BOND BATING IS AA OB THi EQUIVALENT.
4.
FOR INDICATION PUBPCSES ONLY.
5.
RATE CHARGED BY BANKS ON SHOBT-TEBM BUSINESS LOANS.
6.
RATE FOE THE FEDEBAL RESERVE BANK OF NEW YOBK.
7.
YIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT MATURITIES. SCUBCi; U.S. TBEASURY.
8.
SEE REVERSE FOR A DESCRIPTON OF THE CONSTANT MATUBITY SERIES.
9.
UNWEIGHTED AVERAGE CF ALL ISSUES OUTSTANDING OF BONDS NEITHER DUE NOB CALLABLE I» LESS THAN 10 YEARS,
INCLUDING SEVERAL VEBY LOi YIELDING "FLGWER11 BONDS.
10. CONTRACT INTEREST BATES CN COMMITMENTS FOB FIRST MORTGAGES. SOUBCE: FHICC.
MOTE:

WEEKLY

AMC flOHTHLY F I G U R E S

ARE AVERAGES

OF DAILY

AND CONVENTIONAL MORTGAGES, WHICH ABE BASED




BATES,

EXCEPT

FOR S T A 1 E £

LCCAL

BOMDS

OM THURSDAY AND FRIDAY FIGURES, BESPECIIVELY.

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

6
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/

10.72
9.78
10.75
11.17
11.46
13.54

4 WEEKJ5 ENDED

1984 :
MAY .
30 :
10.30
9.69
10.68
11.27
11.69
13.81

:
:
:
:
:
:

1984 :
JUNE :
6
10.32
9.82
10.74
11.24
11.64
13.58

1984

MAY
16

: 10.42
:
9.79
: 10.49
: 10.81
: 11.23
• 13.06

1. 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, 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.