Full text of H.15 Selected Interest Rates : November 26, 1984 : Revised

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FEDERAL RESERVE statistical release
H.15 (519)

For Immediate release
NOVEHBEB 2 6 , 1 9 8 4
(REVISED)

SELECTED INTEREST RATES
Yields In percent per annum
Instruments

FEDERAL FUNDS (BPFECTIVB)
COHHEBCIAL PAPBB 2 / 3 /
1-HONTH
3-flONTH
6-BONTH

1/

FINANCE PAPEB PLACED DIBECTLY 2/
1-«0NTH
3-HONTH
6-HONTH
BANKERS ACCEPTANCES (TOP BATED) 2 /
3-HO IIT 8
6-HO ITH
CDS (SECONDARY HABKBI)
1-HONTH
3-HO NTH
6-HONTH
BANK PBIHE LOAN
1/4/
DISCOUNT WINDOW BORROWING 1 / 5 /
U . S . GOVERNMENT SECURITIES
TBEASOBT BILLS
AUCTION AVERAGE 2 / 6 /
3-HONTH
6-HONTfl
1-YBAR
AUCTION AVERAGE(IUVESTHEWT) 6
3-HONTH
6-HONTfl
SECONDARY BASKET 2 /
3-HO NT B
6-HONTH
1-YBAR
TREASURY CONSTANT HATOBITIES 7 / 8
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10-YEAR
20-YEAR
30-YEAR
COHPOSITE
OYBB 1 0 Y E A R S ( L 0 N G - T B B f l ) 9 /
COBPOBATB BONDS
HOODY'S SEASONED
AAA
BAA
A-UTILITY 1 0 /
STATE & LOCAL BONDS 1 1 /
CONVENTIONAL HOBTGAGBS 1 2 /
1.
2.
3.
4.
5.
6.

7.
8.
9.
TO.
11.
12.

Week endin
WOV
NOV
16
23

OCT

8.97

9.47

9.55

9.99

8.97
9.00
9.04

8.65
8.73
8.84

8.96
9.00
9.04

9.17
9.18
9.19

10.05
10.12
10.16

8.98
8.81
8.77

8.56
8.46
8.77

8.65
8.50
8.30

8.83
8.67
8.68

9.10
8.98
8.95

9.92
9.87
9.87

9.10
9.10

9.00
9.00

8.95
9.00

8.65
8.65

8.93
8.94

9.17
9.16

10.13
10.14

9.23
9.32
9.48
11.75
9.00

9.16
9.22
9.38
11.75
9.00

9.06
9.13
9.28
11.75
8.50

8.74
8.87
9.04
11.75
8.50

9.05
9.14
9.30
11.75
8.93

9.25
9.35
9.56
11.79
9.00

10.19
10.38
10.63
12.58
9.00

8.59
8.79

8.59
8.79

8.73
8.99

9.97
10.05
10.32

8.90
9.33

8.90
9.33

9.05
9.55

10.36
10.74

NCV
19

NOV

9.45

9.28

9.32

9.15
9.16
9.15

9.07
9.09
9.12

9.13
8.92
8.88

20

NOV
21

NOV

MOV

22

23

8.59
8.82
9.02

8.62
8.77
8.95

8.54
8.56
8.74

8.44
8.45
8.67

8.55
8.65
8.85

8.68
8.95
9.15

9.74
9.87
9.93

9.85
10.67
10.92
11.41
11.54
11.61
11.71
11.60

9.76
10.59
10.83
11.29
11.46
11.53
11.66
11.56

9.53
10.39
10.69
11.14
11.29
11.39
11.54
11.46

9.43
10.29
10.56
10.99
11. 15
11.24
11.41
11.32

9.64
10.49
10.75
11.21
11.36
11.44
11.58
11.49

9.99
10.82
11.05
11.53
11.66
11.75
11.84
11.72

10.90
11.60
11.85
12.06
12.16
12. 16
12.04
11.98

11.29

11.24

11.13

11.00

11.17

11.42

11.66

12.30
13.55

12.29
13.52

12.16
13.45

12.04
13.41
12.77
10.24
13.55

12.20
13.48
12.77

12.42
13.52
13.07
10.31
13.63

12.63
13.94
13.52
10.25
14.13

13.55

WEEKLY FIGURES ARE AVEHAGES OF 7 CALENDAR DATS ENDING ON WEDNESDAY OF THE CURRENT WEEKMONTHLY FIGURES INCLUDE BACH CALENDAB DAT IN THE HONTH.
QUOTED ON BANK-DISCOUNT
BkSIS.
BATES ON COHflEBCIAL PAPEB PLACED FOB FIBHS WHOSE BOND BATING I S AA OB TBE EQUIVALENT.
BATE CHARGED BY BANKS ON SHORT-TERH BUSINESS LOANS.
BATE FOB TBE FEDERAL RESERVE BANK OF NB« YORK.
ISSUE DATE.

YIELDS ON ACTIVELY TBADED ISSUES ADJUSTED TO CONSTANT HATUBITIBS. SOURCES U.S. TREASURY.
SEE REVERSE FOR A DESCBIPTON OF THE CONSTANT BATUBITT SERIBS.
UNWEIGHTED AVEBAGE OF ALL ISSUES OUTSTANDING OF BONDS NEITHEB DUB NOB CALLABLE IN LESS THAN 10 YEARS
INCLUDING SEVERAL VERY LOW YIELDING "FLOWER" BONDS.
ESTIHATE OF THE YIELD ON A RECENTLY-OFFERED, A-RATED UTILITY BOND WITH A HA1URITY OF 30 TEARS AND CALL
PROTECTION OF 5 YEARS; FRIDAY QUOTATIONS.
BOND BUYER INDEX, GENERAL OBLIGATION, 20 YEARS TO HATURITY, HIIED QUALITY; THURSDAY QUOTATIONS
CONTRACT INTEREST RATES ON COHHITHENTS FOR FIXED-RATE FIBST HOBTGAGES. SOURCE: FHLHC.

NOTE: WEEKLY AND MONTHLY FIGURES ARE AVERAGES OF DAILY IATBS, EXCEPT FOB STATE 6 LOCAL BONDS,
WHICH ARE BASED ON THURSDAY FIGURES, AND CONVENTIONAL HORTGAGBS AND A-OTILITY IONPS,
BOTH OF WHICH ARE BASED ON FRIDAY FIGURES.



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

NOV
21
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/

9.47 :
8.60
9.13 •
9.28
9.64 :
11.70

4 WEEKS ENDED

1984 :
NOV :
14 •:
9.55
8.72
9.15
9.32
9.60
11.84

:
•:
:
:
:
,:

1984 :
NOV :
21 :

OCT

9.65 :
8.83 :
9.29 !:
9.45 :
9.78 :•
11.74 :

9.85
9.68
10.04
10.31
10.67
11.99

1984
31

FEDERAL FUNDS RATES ARE AVERAGES OF EFFECTIVE RATES FOR
SEVEN CALENDAR DAYS ENDING ON WEDNESDAY.
2, QUOTED ON BANK DISQOUNT 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.