Full text of H.15 Selected Interest Rates : June 4, 1984

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FEDERAL RESERVE statistical release
H.15<519»

JOVE

SELECTED INTEREST RATES

4,

Yields in percent per annum

Inttrufiwnts

FEDERAL FUNDS (EFFECTIVE) 1 /
COHSEHCIAL PAPSB 2 / 3 /
i-flONTB*''
3-SO NTH
6-SOUTH
FINANCE PAPER PLACED DIRECTLY 2 /
1-SONT3
3-SO.4lTH
6-SONTH
BANKERS ACCEPTANCES (TOP RATED) 2 /
3-SONTH
6-SONTH
CDS (SECONDARY SABKET)
1-SO NTH
3-SONTH
6-SONTH
EUEODOLLia DEPOSIT
(3-J1ONTH) 4 /
BANK PRIfiE LOAN
1 / 5/
DISCOUNT WINDOW BORROWIBG 1 / 6 /
U.S.GOV2RNBENT SECURITIES
TREASURY BILLS 2 /
AUCTION AVERTS (ISSOE DATE)
3-BONTB
6-BO8TH
1-IEAB
SECONDARY HABKET
3-8OBTH
6-BONTH
1-YEAB
TREASURY COBSTABT BATORITIES 7 / 8 /
1-YEAB
2-YEAB
3-YEAS
5-Y5AB
7-IEAB
10-YEAB
20-YEAB
30-YEAB
COBPOSITE
OVER 10 YEARS(LOBG-TERfl)9/
CORPORATE BCBDS (BOODYS) , SEASOBED
ALL INDUSTRIES
AAA
BAA

STATE 5 LOCAL BOBDS (BOODYS),AAA
CONVENTIONAL SORTGAGES 1 0 /

1.
2.
3.
4.
5.
6.
7.
9.
9,
10.

28

BAY
29

BAY
30

BAY
31

M

10.51

10.71

10.81

A

10.24
10.63
10.89

10.28
10.70
11.06

R

10.20
10.26
10.10

K

E

BAY

T

0

S

E

D

Week ending
BAY

25

10.53

10.30

9.75

10.32

10.36
10.80
11.23

10.39
10.76
11.12

10.32
10.72
11.08

10.19
10.57
10.96

10.38
10.65
10.87

10.28
10.28
10.11

10.42
10.23
10.11

10.20
10.25
10.11

10.28
10.26
10.11

10.12
10.21
10.10

10.26
10.16
10.03

10.90
11.35

10.95
11.40

10.85
11.40

10.80
11.25

10.88
11.35

10.89
11.25

10.84
11.06

10.47
11.30
11.92
11.69
12.50
9.00

10.51
11.29
11.99
11.63
12.50
9.00

10.56
11.29
12.03
11.75
12.50
9.00

10.71
11.34
12.01
11.63
12.50
9.00

10.56
11.31
11.99
11.67
12.50
9.00

10.50
11. 14
11.82
11.59
12.50
9.00

10.62
11.11
11.64
11.53
12.39
9.00

9.83
10.62

9.95
10.38

9.90
10.31
10.64

9.83
10.62

9.72
10.57
10.92

9.76
10.63
11.02

9.75
10.56
10.99

9.80
10.47
10.82

9.76
10.56
10.94

9.79
10.42
10.73

9.83
10.31
10.57

12.07
12.98
13.24
13.70
13.83
1 3. 89
13.83
13.85

12.20
13.04
13.40
13.84
13.95
13.99
13.92
13.94

12.15
13.00
13.33
13.76
13.87
13.91
13.83
13.84

11.96
12.72
13.01
13.46
13.61
13.63
13.57
13.58

12.10
12.94
13.25
13.69
13.82
13.86
13.79
13.80

11.84
12.65
12.93
13.35
13.50
13.59
13.60
13.60

11.66
12.47
12.75
13.17
13.34
13.4t
13.43
13.43

13.29

13.39

13.29

13.04

13.25

13.04

12.39

14.41
13.55
15.05

14.45
13.55
15.05

14.47
13.57
15.05
10.30

14.43
13.55
14.99

14.44
13.56
15.04
10.30
14.29

14.29
13.42
14.91
10.20
14.08

14. 13
13.28
14.74
9.93
13.94

14.29

WEEKLY FIGURES ABB AVERAGES OF 7 CALEBDAB DAYS EBDIBG OB IEDBESDAY OF THE COHREBT WEEK;
MONTHLY FIGURES INCLUDE EACH CALENDAR DAY IB THE BOBTH.
QUOTED 0 8 BABK-DISCOUST B A S I S .
RATES OB COBBEBCIAL PAP2B PLACED FOB FIBHS WHOSE BOBD RATIBG I S AA OR THE SQUIVALEST.
FOR INDICATION PURPOSES OHLY.
RATE CHARGED BY BANKS OB SHOBT-TERH BUSINESS LOABS.
HATE FOB THE FEDERAL RESERVE BABK OF SEW YOBK.
YIELDS OB ACTIVELY TRADED ISSUES ADJUSTED TO COBSTABT BATURITIRS.
SOURCE: U . S . TBEASJ3T.
SEE REVERSE FOB A DESCRIPTON OF THE CONSTANT aATUBITY SERIES.
UNWEIGHTED AVERAGE OF ALL ISSUES OUTSTABDIBG OF BOBDS BEITHBB DOE BOB CALLABLE I S LESS T3>
INCLUDIHG SEVERAL VERY LOW YIELDIMG "FL09EB" BOBDS.
COMTRACT IBTEREST RATES OB COfiBITHEBTS FOB FIRST BOBTGAGES.
SOUBCE: FHLBC,

NOTE: WEEKLY AND HOMTHLY FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT ?GR STATE & LOCAr. 3 0 3 0 3
AND CONVENTIONAL MORTGAGES, WHICH ARE BASED OB THURSDAY ABD F B I D A I FIGURES, REiPECti *'?LY.




BAY

1

C

L

JUBE
1

SELECTED INTEREST RATES
YIELDS IN PERCENT PER ANNUM
WEEK ENDING WEDNESDAY

WEEK ENDED
1984 :
MAY :
30
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 /

1.
2.
3.
4.

10.30
9.69
10.68
11.27
11.69
13.81

:
.
:
:
:
:

4 WEEK3 ENDED

1984 :
MAY :
23 :
9.75
9.85
10.59
11.12
11.58
13.50

:
::
:•
:
:
:

1984 :
MAY :
30 :

1984
MAY
9

10.26 : 10.38
9.85 •:
9.74
10.67 : 10.29
11.16 .• 10.55
1 1 . 5 8 • 10.97
13.48 .: 12.85

FEDERAL FUNDS RATES ARE AVERAGES OF EFFECTIVE RATES FOR
SEVEN CALENDAR DAYS ENDING ON WEDNESDAY.
QUOTED ON BANK DISCOUNT B A S I S . M
FOR INDICATION PURPOSES ONLY.
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, I S 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 , 1 0 , 2 0 , AND 3 0 YEARS.
THIS METHOD PERMITS ESTIMATION OF THE YIELD FOR A 10-YEAR MATURITY,
FOR EXAMPLE, EVEN IF NO OUTSTANDING SECURITY HAS EXACTLY 1 0 YEARS
REMAINING TO MATURITY.