Full text of H.15 Selected Interest Rates : May 21, 1984

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FEDERAL RESERVE statistical release
H.15(519)

For immediate reiease
HAY 2 1 ,

1984

SELECTED INTEREST RATES
Yields in percent per annum
Instruments

MAT

NAT

14

15

FEDERAL FONDS (EFFECTIVE) 1 /
10,33
CCBHEBCIAL PAPEB 2 / 3 /
1-BONTJJ
10.66
3-HONTH
10.92
6-flONTH
11.09
FINANCE PAPEB PLACED D I f l E C T I I 2 /
1-BONTH
10.64
3-HONTH
10.22
6-MONTH
10.09
BANKEBS ACCEPTANCES (TOP SATED) 2 /
3-BONTH
11.20
6-BONTH
11.30
CDS (SECONDABI HAfiKET)
1-BONTH
10.94
3-BONTH
11. 43
6-BOBTfl
11.91
BUBODOLLAfi DEPOSIT
(3-BONTH) 4 /
11.88
BANK PRIMS LOAM
1/ 5/
12.50
DISCOUNT BINDOS BOBBOillG 1 / 6 /
9.00
O.S.GOVBBNBBNT SECOBITIES
TBEASUBT BIL1S 2 /
AOCTIOM AVEBAGE (ISSOE DATE)
3-flOBTH
6-BO NTH
1-TBAB
SECOHDABT HABKET
3-40NTH
9.97
6-40NTB
10.28
1-TEAB
10.60
TBEASUBT CONSTANT HATOBITIES 7 / 8.
1-IEAfi
11.69
2-IBAfi
12.57
3-TEAB
12.83
5-TEAS
13.30
7-IEAB
13.49
10-TBAB
13.58
20-IEAB
13.67
30-TBAfi
13.62
COBPOSITB
OYEB 10 TBAfiS(LONG-TBBfl)9/
13.10
COBPOBATE BONDS <HOODIS), SEASOBED
ALL XNDOSTBIES
14.16
AAA
BAA

STATE S LOCAL BONDS (BOODTS),AAA
CONVENTIONAL HOBTGAGES 1 0 /

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

13.22
14.73

Week ending
BAT
RAT
18
11

BAY
16

HAT

10.55

9.99

9.92

9.01

10.52

10.46

10.29

10.68
10.94
11.15

10.56
10.86
11.06

10.48
10.80
11.03

10.32
10.67
10.91

10.54
10.34
11.05

10.52
10.73
10.86

10.17
10.18
10.22

10.71
10.23
10.09

9.95
10.23
10.09

10.17
10.18
10.09

9.79
10.28
10.09

10.25
10.23

10.09

10.43
10. 13
10.00

10.08
9.86
9.76

11.10
11.25

11.00
11.20

11.05
11.25

10.75
11.10

11.02
11.22

10.93
11.00

10.22
10.26

10.95
11.44
11.92
11.81
12.50
9.00

10.84
11.24
11.76
11.63
12.50
9.00

10.76
11.26
11.82
11.63
12.50
9.00

10.60
11.24
11.80
11.75
12.50
9.00

10.82
11.32
11.84
11.74
12.50
9.00

10.77
11. 17
11.59
11.56

10.24
10.41
10.73
10.83
11.93

10.07

9.99
10.27

9.69
9.83
9.86

17

HAT
18

10.07
10.40
10.64

10.40
10.64

12. 14
9.00

APB

8.87

10. 11
10.42
10.60

9.75
10.17
10.54

9.78
10.30
10.62

9.81
10.25
10.59

9.88
10.28
10.59

9.97
10.28
10.46

9.69
9.84
9.95

11.69
12.51
12.77
13.23
13.41

11.72
12.51
12.83
13.27
13.45
13.54
13.54
13.57

11.68
12.47
12.77

13.48
13.52
13.50

11.62
12.42
12.71
13.17
13.34
13.41
13.43
13.46

13.21
13.35
13.45
13.45
13.46

11.68
12.50
12-78
13.24
13.41
13.49
13.52
13.52

11.52
12.33
12.59
12.99
13.17
13.23
13.28
13.27

10.90
11.69
11.98
12.37
12.56
12.63
12.65
12.65

12.97

12.90

12.99

12.93

12.98

12.73

12.17

14.18

14.19
13.35
14.75

14.23
13.39

14.21

14.19
13.33
14.75
10.00
14.04

13.97
13. 15
14.61
9.80
13.87

13.59
12.81
14.31
9.54
13.65

13.33
14.71

14.78

13.37
14.80

10.00
14.04

MEEKLY FIGUBES ABE AYEBAGES OF 7 CALENDAB DATS ENDING ON WEDNESDAY OF THE COBBENT WEEK;
BONTHLT FIGOBES INCLUDE EACH CALENDAB DAT IN THE BONTfl.
QUOTED ON BANK-DISCCUNT B A S I S .
BATES ON COBBEBCIAL PAPEB PLACED FOB FIBBS WHOSE BOND BATING I S AA OB THE EQUIVALENT.
FOB INDICATION PDBPOSES ONLT.
BATE CHABGED BI BANKS ON SHOBT-TEBfl BUSINESS LOANS.
BATE FOB THE FEDEBAL BBSEBVE BANK OF NEN TOBK.
TIELDS ON ACTIYELT TBADED ISSUES ADJUSTED TO CONSTANT HATOBITIES.
SOUBCE: U . S . TBEASURT.
SEE BEVEBSE FOB A DESCBIPTON OF THE CONSTANT BATOBITT S E B I E S .
UNWEIGHTED AVEBAGE OF ALL ISSUES OUTSTANDING OF BONDS NEITHEfi DUE NOB CALLABLE IN LESS THAN 10 YEAfiS,
INCLUDING SEVEBAL VEBI LOU TIELDING "FLCBBB" BONDS.
CONTBACT INTEBEST BATES ON COHBITBBNTS FOB FIBST BOBTGAGES.
SOUBCE: FHLHC.

NOTB: 8EBKI.T AND BONTHLI FIGUBES ABE AVEBAGES OF DAILT BATES, EXCEPT FOB STATE 6 LOCAL BONDS
AND CONVENTIONAL BOBTGAGES, WHICH ABE BASED ON THUBSDAT AND FBIDAT FIGUBES, BESPECTIVELT.




SELECTED INTEREST RATES
YIELDS IN PERCENT PER ANNUM
WEEK ENDING WEDNESDAY
WEEK ENDED
19S4
1984
MAY
MAY
16
9
FEDERAL FUNDS (EFFECTIVE) 1/
3-MONTH TREASURY BILL 2/
3-MONTH COMMERCIAL PAPER 2/
3-MONTH CD (SECONDARY MARKET)
3-MONTH EURODOLLAR 3/
U,
GOVERNMENT BOND 4/

10, 52
9, 94
10, 93
11. 39
11 ,83
13, 49

10 ,46
9 .99
10 ,48
10 ,85
11 23
13.12

4 WEEKS ENDED
1984
1984
MAY
APR
16
25
10, 42
9, 79
10, 49
10, 81
11 ,23
13, 06

10, 22
9, 70
10, 17
10, 40
10, 79
12, 61

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 CURVEr 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 F 20I AND 30 YEARS.
THIS METHOD PERMITS ESTIMATION OF THE YIELD FOR A 10-YEAR MATURITYr
FOR EXAMPLE* EVEN IF NO OUTSTANDING SECURITY HAS EXACTLY 10 YEARS
REMAINING TO MATURITY.