Full text of H.15 Selected Interest Rates : June 17, 1985

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FEDERAL RESERVE statistical release
H.15 (519)

For Immediate release
JOKE 1 7 , 1985

SELECTED INTEREST RATES
Yields In percent per annum
JUNE

JONS

10

11

7.76
FEDERAL FOiDS (EFFECTIVE) 1 /
;OHflERCIAL PAPBI 2 / 3 /
7.44
1-MOUTH
7.42
3-MO NTH
7.42
6-HONTH
'INANCE PAPER PLACED DIRECTLY 2 /
7.44
1-HOHTH
7.19
5-HO NTH
7.18
6-HONTfl
3AHKERS ACCEPTANCES (TOP RATED) 2 /
7.40
3-HONTH
7.46
6-HONTH
:DS (SECONDARY MARKET)
7.47
1-HOSTH
7.54
3 - BO NTH
7.65
6 - HO NT H
10.00
3ANK PRIME LOAN
1/4/
7.50
)ISCOUNT HINDOI BORR0MIB6 1 / 5 /
J . S . GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE 2 / 6 /
3-HONTH
6-HONTH
1-YEAR
AUCTION AVERAGE (INVESTMENT) 6 /
3-HONTH
6-HONTB
SECONDARY MARKET 2 /
7.23
3-BOUTH
7.34
6-HONTH
7.49
1-YBAR
TREASORI CONSTANT MATURITIES 7 / 8 /
8.04
1-IEAR
8.87
2-YEAH
9.21
3-YEAH
9.68
5-IEAR
10.13
7-YBAR
10.16
1 0 - 1 EAR

Instruments

20-YBAB
30-YEAR
COBPOSITE
OVER 1 0 TEARS(LO0G-TEflfl)9/
:ORPORATE BONDS
BOODT'S SEASONED
AAA
BAA
A-UTILITY 1 0 /
STATE 5 LOCAL BONDS 1 1 /
:ONVENTIONAL HORTGAGES 1 2 /

1.

2.
3.
4.
5.
6.
7.
8.
9.
1.
11.
12.

Week ending
JUNE
14
7

J0NB
12

JONE

7.62

7.40

7.38

7.27

7.62

7.75

7.97

7.46
7.45
7.45

7.38
7.37
7.37

7.40
7.39
7.40

7.37
7.36
7.37

7.41
7.40
7.40

7.37
7.33
7.31

7.80
7.83
7.88

7.46
7.29
7.28

7.38
7.28
7.28

7.36
7.20
7.20

7.28
7.13
7.13

7.38
7.22
7.21

7.34
7.19
7.17

7.74
7.71
7.69

7.40
7.38

7.35
7.35

7.40
7.45

7.25
7.25

7.36
7.38

7.30
7.25

7.77
7.81

7.49
7.51
7.65
10.00
7.50

7.42
7.44
7.52
10.00
7.50

7.46
7.52
7.66
10.00
7.50

7.41
7.43
7.49
10.00
7.50

7.45
7.49
7.59
10.00
7.50

7.38
7.39
7.46
10.00
7.50

7.83
7.92
8.08
10.31
7.81

7.21
7.35
7.18

7.21
7.35
7.18

7.03
7.16

7.56
7.75
7.94

7.45
7.74

7.45
7.74

7.26
7.53

7.82
8.18

7.01
7. 10
7.25

7.48
7.f 5
7.85

13

JONB
14

BAY

7.15
7.23
7.38

7.09
7.18
7.34

6.97
7.14
7.33

6.70
6.85
7.03

7.03
7.15
7.31

10.59
10.47

7.92
8.78
9.15
9.63
10.04
10.08
10.50
10.41

7.88
8.76
9.10
9.65
10.09
10.16
10.55
10.46

7.87
8.76
9.07
9.67
10.14
10.21
10.61
10.51

7.54
8.45
8.78
9.39
9.90
9.98
10.41
10.31

7.85
8.72
9.06
9.60
10.06
10.12
10.53
10.43

7.80
8.63
8.97
9.45
9.93
10.00
10.46
10.37

8.46
9.39
9.75
10.34
10.72
10.85
11. 19
11.05

10.40

10.31

10.34

10.40

10.21

10.33

10.27

10.96

10.94
12.31

10.89
12.30

• 10.88
12.31

10.92
12.35

10.79
12.32
11.50

10.88
12.32
11.50
8.66
12.27

10.93
12.36
11.57
8.60
12.39

11.72
13.15
12.25
9.01
12.91

8.66
12.27

WEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAIS ENDING ON WEDNESDAY OF IBB CURRENT HEBE;
HONTHLI FIGURES INCLUDE EACH CALENDAR DAI IN THE »ONTH.
QUOTED ON BAHI-DISCOUNT B A S I S .
RATES ON COMMERCIAL PAPER PLACED FOR FIRMS WHOSE BOND BATING I S AA OR TBE BCOIVALENT.
RATB CHARGED BT BANKS ON SHORT-TERM BUSINESS LOANS.
RATE FOR THB FEDERAL RESERVE BANK OF NBB IORK.

ISSUE DATB.
YIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT MATURITIES. SOURCE* U.S. TREASURY.
SEE REVERSE FOB A DESCRIPTON OF THE CONSTANT MATURITY SERIBS.
UNWEIGHTED AVERAGE OF ALL ISSUES OUTSTANDING OF BONDS NEITHER DUB NpR CALLABLE IN LESS THAN 10 YEARS,

^ l ^ \ ^ l ^ ^ ^ ^

»""" D "ILI" B0"D "ITH ' "TOfiI" 0P 30 IE"S "

BONDEBOYER I N D B I , GENERAL OBLIGATION, 20°YEARS TO MATURITY, BIXED QUALITY; THURSDAY QUOTATIONS.
CONTRACT INTEREST RATES ON COMMITMENTS FOR FIXED-RATE FIRST MORTGAGES.
SOOBCE: FHLHC.

IOTB: WEEKLY AND MONTHLY FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT FOR STA1E & LOCAL BONDS,
WHICH ARE BASED ON THURSDAY FIGURES, AND CONVENTIONAL MORTGAGES AND A - 0 T I L I T I BONDS,
BOTH OF WHICH ARE BASED ON FRIDAY FIGURES.




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/

1985 :
JUNE :
12 :

198 5 :
JUNE :
5

7.62 s;
7.12 :
7.37 :
7.46 :
7.58 :
10.53

7.75 :
7.04 :
7.40 :
7.45 •:
7.63 :
10.56

4 WEEKS ENDED
1985 :
JUNE :
12 :
7 .72
7. 18
7 .49
7.57
7 .77
10.76

::
:
:
:
:

1985
MAY22
8.15
7.64
7.99
8.09
8.31
11.39

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.