Full text of H.15 Selected Interest Rates : November 30, 1987

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FEDERAL RESERVE statistical release
These dsta are released each Monday. The availability of the release will
be announced, when the information is available, on (202) 452-3206.
H.15 (519)

For Immediate release

SELECTED INTEREST RATES

NOVEMBER 30, 1987

Yields in percent per annum
1987
Instruments

NOV
23

6.89
FEDERAL FUNDS (EFFECTIVE) 1/
COMMERCIAL PAPER 2/3/
1-MONTH
6.77
3-MONTH
7.15
6-MONTH
7.16
^FINANCE PAPER PLACED DIRECTLY 2/
1-MONTH
6.61
3-MONTH
7.03
6-MONTH
6.66
BANKERS ACCEPTANCES (TOP RATED) 2/
3-MONTH
7.05
6-MONTH
7.05
CDS (SECONDARY MARKET)
1-MONTH
6.75
3-MONTH
7.20
6-MONTH
7.29
BANK PRIME LOAN 1/4/
8.75
DISCOUNT WINDOW BORROWING 1/5/
6.00
U.S.GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE 2/ 6/
3-MONTH
5.70
6-MONTH
6.11
1-YEAR
AUCTION AVERAGE(INVESTMENT) 6/
3-MONTH
5.8a
6-MONTH
6.4J
SECONDARY MARKET 2/
3-MONTH
5.78
6-MONTH
6.25
1-YEAR
6.51
TREASURY CONSTANT MATURITIES 7/8/
1-YEAR
6.96
7.67
2-YEAR
7.95
3-YEAR
5-YEAR
8.34
8.62
7-YEAR
8.80
10-YEAR
8.89
30-YEAR
COMPOSITE
. '
OVER 10 YEARS(L0NG-TERM)9/
8.93
CORPORATE BONDS'
MOODY'S SEASONED
AAA
9.99
11.22
BAA
A-UTILITY 10/
STATE & LOCAL BONDS 11/
CONVENTIONAL MORTGAGES 12/

1987
NOV
24

NOV

1987

1987
OCT

25

1987
NOV
26

1987
NOV
27

6.77

6.73

M

6.76

b.78

6.77

7.29

6.75
7.15
7.17

6.75
7.17
7.19

A

6.73
7.32
7.31

6.75
7.20
7.21

6.79
7.14
7.14

7.38
7.89
7.96

6.60
6.98
6.65

6.59
7.07
6.52

K

6.60
7.03
6.61

6.72
6.91
6.74

7.28
7.40
7.17

7.08
7.07

7.12
7.13

E

7.30
7.30

7.14
7.14

7.06
7.06

7.85
7.92

6.74
7.17
7.27
8.75
6.00

6.75
7.24
7.32
8.75
6.00

6.82
7.44
7.43
8.75
6.00

6.77
7.26
7.33
8.75
6.00

6.76
7.18
7.29
8.75
6.00

7.39
8.02
8.19
9.07
6.00

5.70
6.11
6.48

6.01
6.33

6.40
6.86
6.89

5.88
6.41

6|20
6:65

6.61
7.23

5.63
6.21
6.65

5.72
6.17
6.56

5.78
6.27
6.54

6.13
6.69
7.05

7.12
7.87
8.20
8.55
8.94
9.11
9.18

7.02
7.76
8.05
8.41
8.77
8.95
9.03

7.01
7.72
7.98
8.35
8.66
8.83
8.92

7.59
8.40
8.75
9.08
9.37
9.52
9.61

R

T1

c
L

This
week

Last
week

5.77
6.05
6.52

5.70
6.17
6.57

6.97
7.73
7.99
8.35
8.72
8.89
9.00

7.03
7.78
8.06
8.41
8.80
8.98
9.06

9.02

9.10

9.18

9.06

8.98

9.61

9.99
11.21

10.00
11.22

10.06
11.22
10.40

10.01
11.22
10.40
7.96
10.55

9.97
11.22
10.31
7.91
10.60

10.52
11.62
11.07
8.70
11.26

0

s
E
D

7.96
10.55

WEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAYS ENDING ON WEDNESDAY OF THE CURRENT WEEK; MONTHLY FIGURES
INCLUDE EACH CALENDAR DAY IN THE MONTH.
2.
3.
4.
5.
6.
7.
8.

RATES D QN COMMERCIAL PAPER PLACED FOR FIRMS WHOSE BOND RATING IS AA OR THE EQUIVALENT,
RATE CHARGED BY BANKS ON SHORT-TERM BUSINESS LOANS.
AUCTION DATE. AUCTION DATE FOR DAILY DATA; WEEK AND MONTH AVERAGES ON ISSUE-DATE BASIS.
YIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT MATURITIES. SOURCE. U.S. TREASURY.
SEE REVERSE FOR A DESCRIPTON OF THE CONSTANT MATURITY SERIES. THE 20-YEAR CONSTANT MATURITY YIELD WAS

^ ^ i H k s

9.
10.
11
12!

THAN 10 YEARS,

UTILITY BOND WITH A MATURITY OF 30 YEARS AND CALL
BONDEBUYER I N D E X T ^ E N E R A ^ O B L I G A T I O N ! 0 ^ 'YEARS TO MATURITY, MIXED QUALITY; THURSDAY QUOTATIONS.
CONTRACT INTEREST RATES ON COMMITMENTS FOR FIXED-RATE FIRST MORTGAGES. SOURCE. FHLMC.

NOTE. WEEKLY AND MONTHLY FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT FOR STATE & L O C 5 L *° I N 1 2$' J M H I C H
BASED ON THURSDAY FIGURES, AND CONVENTIONAL MORTGAGES AND A-UTILITY BONDS, BOTH OF WHICH
ARE BASED ON FRIDAY FIGURES.
*There were no daily rates for Finance Paper on November 27.




ARE

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

FEDERAL
3-MONTH
3-MONTH
3-MONTH
3-MONTH

FUNDS (EFFECTIVE) 1/
TREASURY BILL 2/
COMMERCIAL PAPER 2/
CD (SECONDARY MARKET)
EURODOLLAR 3/

4 WEEKS ENDED

1987 :
NOV :
25

1987 :
NOV :
18 :

1987 :
NOV :
25 :

6.78
5.73
7.15
7.19
7.38

6.77
5.85
7.10
7.17
7.38

6.67
5.67
7.15
7.21
7.39

:
.
:
:

:
:
:
:
:

1987
OCT
28

. - 7.36
:
6.27
.:
7.96
.:
8.11
.:
8.37

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.

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, 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.