Full text of H.15 Selected Interest Rates : May 7, 1984

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FEDERAL RESERVE statistical release
H.15 (519)

For Immediate release
HAY 7 , 1984

SELECTED INTEREST RATES
Yields in percent per annum

Instruments

APR
30

FEDEBAL FONDS (EFFECTIVE) 1 /
10.90
COMMERCIAL PAPEE 2 / 3 /
1-SO NTH
10.25
3-HONTH
10.28
6-HONTH
10,34
FINANCE PAPEB PLACED DIBECTLI 2 /
1-HONTH
10.25
3-HONTH
9.92
6-MONTH
9.85
BANKEES ACCEPTANCES (TOP RATED) 2 /
3-MONTH
10.35
6-MOKTH
10.40
CDS (SECONDARY MAfiKET)
1-MONTH
10.30
3-HONTH
10.53
6-MONTH
10.88
EURODOLLAR DEPOSIT
(3-MONTH) 4 /
10.94
BANK PBIME LOAN
1/ 5/
12.00
DISCOUNT WINDOW BOBBOWING 1 / 6 /
9.00
U.S.GOVERNMENT SECOBITIES
TREASUfcY^ILLS 2 /
AUCTION AVERAGE (ISSUE DATE)
3-MONTH
6-MONTH
1-YEAR
SECONDARY MARKET
3-MONTH
9.72
6-MONTH
9.91
1-YEAR
10.11
TREASURY CONSTANT MATURITIES 7 / 8 /
1-YEAR
11.11
2-YEAR
11.89
3-YEAR
12.20
5-YEAR
12.57
7-YEAR
12.75
10-YEAR
12.82
20-YEAR
12.88
30-YEAR
12.86
COMPOSITE
OVEB 10 YEARS{LONG-TEBM)9/
12.36
CORPORATE BONDS (HOODYS)# SEASONED
ALL INDUSTRIES
13.76
AAA
13.00
BAA
14.46
STATE & LOCAL BONDS (MOODYS) ,AAA
CONVENTIONAL MORTGAGES 1 0 /

-' - •
MAY
1

Week ending
HAI
APK
4
27

HAY
2

MAY
3

HAY
4

11.04

10.88

10.45

10.04

10.70

9.98

10.29

10.30
10.33
10.36

10.35
10.36
10.37

10.29
10.36
10.40

10.22
10.33
10.40

10.28
10.33
10.37

10.16
10.21
10.27

10.17
10.18
10.22

10.27
9.94
9.85

10.30
9.95
9.85

10.20
9.98
9.88

10.05
9.98
9.88

10.21
9.95
9.86

10.00
9.92
9.86

10.08
9.86
9.76

10.40
10.40

10.35
10.40

10.35
10.40

10.45
10.55

10.38
10.43

10.26
10.34

10.22
10.26

10.32
10.57
10.93
11.00
12.00
9.00

10.45
10.62
11.00
11.00
12.00
9.00

10.42
10.61
10.99
11.00
12.00
9.00

10.45
10.66
11.02
11.00
12.00
9.00

10.39
10.60
10.96
10.99
12.00
9.00

10.24
10.46
10.84
10.89
12.00
9.00

10.24
10.41
10.73
10.83
11.93
8.87

9.68
9.88

9.64
9.74

9-69
S.83
9.86

9.68
9.88

APB

9.70
9.90
10.09

9.68
9.97
10.16

9.67
9.98
10.16

9.87
10.20
10.37

9.73
9.99
10.18

9.64
9.79
10.00

9.69
9.84
9.95

11.08
11.88
12.19
12.57
12.76
12.82
12.88
12.87

11.16
11.92
12.23
12.62
12.80
12.86
12.92
12.90

11.17
11.96
12.25
12.64
12.81
12.89
12.94
12.92

11.41
12. 15
12.44
12.83
12.S7
13.07
13.10
13.C8

11.19
11.96
12.26
12.65
12.82
12.89
12.94
12.93

10.98
11.7S
12.08
12.47
12.66
12.74
12.78
12.76

10-90
11.69
11.98
12.37
12.56
12.63
12.65
12.65

12.36

12.40

12.42

12.59

12.43

12.27

%2.

13.77
13.00
14.43

13.78
12-99
14.43

13.80
13.00
14.45
9.60

13.84
13.02
14.55

13.79
13.00
14.46
9.60
13.78

13.70
12.95
14.41
9.55
13.73

13.59
12.81
14.31
9-54
13.65

13.78

1.

17

WEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAYS ENDING OB WEDNESDAY OF THE CURRENT MEEK;
MONTHLY FIGURES INCLUDE EACH CALENDAR DAY III THE MONTH.
2. QUOTED CN BANK-DISCOUNT BASIS.
3. RATES OK COMMERCIAL PAPEE PLACED FOR FIRMS WHOSE BOHD RATING IS Ah OB THE EQUIVALENT.
4. FOB INDICATION PURPOSES ONLY.
5. RATE CHARGED BY BANKS ON SHORT-TERM BUSINESS LOANS.
6. RATE FOE THE FEDERAL RESERVE BANK OF NEW YORK.
7. YIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT MATURITIES. SOUBCI: U.S. TREASURY.
8. SEE REVERSE FOfc A DESCRIPTOR OF THE CONSTANT MATURITY SERIES.
9. UNWEIGHTED AVERAGE OF ALL ISSUES OUTSTANDING OF BONDS NEITHER DUE NOR CALLABLE IN LESS THAN 10 YEARS,
INCLUDING SEVERAL VERY LOW YIELDING "FLOWER" BONDS.
10. CONTRACT INTEREST RATES ON COMMITMENTS FOR FIRST MORTGAGES. SOURCE: FHLRC.
NOTE: WEEKLY AND MONTHLY FIGURES ARE AVERAGES OF DAILY FATES, EXCEPT FOR STATE & LCCAL BONDS
AND CONVENTIONAL MORTGAGES, WHICH ARE BASED ON THURSDAY AND FRIDAY FIGURES, RESPECTIVELY-




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

2

1984
APR :
25 :

10.70 :
9.67
10.27
10.52
10.93
12.85

9.98 .:
9.67 :
10.26 :
10.49 :
10.93 :
12.79 :

1984 :
MAY :

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/

4 WEEKS ENDED
1984
MAY :
2 :
10.30
9.68
10.21
10.44
10.86
12.70

:
:
:
:
:
:

1984

APR
4
10.05
9.63
9.97
10.21
10.52
12.52

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, 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.