Full text of H.15 Selected Interest Rates : November 30, 1992
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FEDERAL RESERVE statistical release e data are released each Monday. The availability of the release is announced on (202) 452-3206. K15(519) For immediate release November 30,1992 SELECTED INTEREST RATES Yields in percent per annum Week Ending instruments Federal funds (effective) 1 2 3 Commercial paper 3 A 5 1-month 3- month 6-mcnth Finance paper placed directly 3 4 6 1 -month 3-month 6-month Bankers acceptances (top rated) 3 4 7 3-month 6-month CDs (secondary market) 3 8 1 -month 3-month 6-month Eurodollar deposits (London) 3 0 1-month 3-month 6-month Bank prime loan 2 3 1 0 Discount window borrowing 2 11 U.S. government securities Treasury bills Auction average 3 4 1 2 3-month 6-month 1-year Auction average (investment) 12 3-month 6-month Secondary market 3 4 3-month 6 month 1-year Treasury constant maturities 1-year 2-year 3-year 5-year 7-year 10-year 30-year Composite 1992 Nov 24 1992 Nov 25 1992 Nov 26 # 1992 Nov 27 Nov 27 Nov 20 2.89 2.58 4.60 4.60 3.13 3.10 2.97 3.10 3.23 3.77 3.77 3.22 3.78 3.77 322 3.79 3.79 3.22 3.81 3.81 3.22 3.79 3.79 3.25 3.76 3.76 3.22 3.33 3.33 3.20 3.70 3.68 3.20 3.72 3.63 3.16 3.69 3.60 3.19 3.70 3.64 3.20 3.67 3.63 3.14 3.24 3.23 3.60 3.60 3.59 3.59 3.59 3.59 3.63 3.63 3.60 3.60 3.60 3.60 3.19 3.19 3.11 3.66 3.69 3.13 3.68 3.69 3.11 3.66 3.67 3.96 3.69 3.70 3.33 3.67 3.69 3.15 3.68 3.69 3.11 3.26 3.27 3.06 3.75 3.81 6.00 3.00 3.06 3.81 3.81 6.00 3.00 3.06 3.75 3.75 6.00 3.00 4.00 3.81 3.81 6.00 3.00 3.30 3.78 3.80 6.00 3.00 3.11 3.79 3.80 6.00 3.00 3.10 3.30 3.32 6.00 3.00 3.27 3.45 3.27 3.45 3.13 3.37 3.61 2.84 2.98 3.12 3.34 3.56 3.34 3.56 3.20 3.48 2.90 3.07 3.81 6.00 3.00 3.24 3.43 3.61 3.22 3.41 3.54 3.24 3.43 3.59 3.25 3.45 3.64 3.24 3.43 3.60 3.16 3.37 3.56 2.86 3.04 3.17 3.77 4.69 5.22 6.10 6.51 6.36 7.56 3.69 4.61 5.16 6.04 6.45 6.82 7.53 3.75 4.70 5.23 6.12 6.50 6.84 7.54 3.81 4.77 5.36 6.22 6.60 6.93 7.59 3.76 4.69 5.24 6.12 6.52 6.86 7.56 3.73 4.64 5.17 6.05 6.48 6.84 7.54 3.30 4.08 4.64 5.60 6.15 6.59 7.53 u 7.41 7.38 7.39 7.45 7.41 7.39 7.26 8.05 8.90 8.05 8.89 8.06 8.91 8.07 8.93 8.48 8.06 8.91 8.48 8.29 8.29 8.07 8.91 8.40 6.28 8.32 7.99 8.84 8.40 6.41 8.09 6.26 17 See overleaf for footnotes d 1992 Oct 13 Over 10 years (long-term) Corporate bonds Moody's seasoned AAA BAA A-utility 1 5 State & local bonds 1 6 Conventional mortgages 1992 Nov 23 FOOTNOTES 1. The daily effective federal funds rate is a weighted average of rates on trades through N,Y. brokers. 2. Weekly figures are averages of 7 calendar days ending on Wednesday of the current week; monthly figures include each calendar day in the month. 3. Annualized using a 360-day year or bank interest. 4. Quoted on a discount basis. 5. An average of offering rates on commercial paper placed by several leading tealai s ta: firms whose bond rating is AA or the equivalent. 6. An average of offering rates on paper directly placed by finance companies. 7. Representative closing yields for acceptances of the highest rated money canter b&nLs. 8. An average of dealer offering rates on nationally traoed certificates of deposit. 9. Bid rates for Eurodollar deposits at 11 a.m. London time. 10. One of several base rates used by banks to price short-term business loans 11. Rate for the Federal Reserve Bank of New York. 12. Auction date for daily data; weekly and monthly averages computed on an iss-.:c*-dai-=ยป Dasis. 13. Yields on actively traded issues adjusted to constant maturities. Sourcs: U.S. Troasuvy. 14. Unweighted average of rates on all outstanding bonds neither due nor callable in less than 10 years. 15. Estimate of the yield on a recently offered, A-rated utility bond with a maturity of 30 years and call protection of 5 years; Friday quotations. 16. Bond Buyer Index, general obligation, 20 years to maturity, mixed quality; Th jn^iay quotations. 17. Contract interest rates on commitments for fixed-rate first mortgages. Source* FHLMG. Note: Weekly and monthly figures are averages of business days unless otherwise noted. DESCRIPTION OF THE TREASURY CONSTANT MATURITY SERIES Yields on Treasury securities at 'constant maturity' are interpolated by the U.S. Treasury rrom the 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 quot** tions reported by five leading U.S. Government securities dealers to the Federal Reserve Bank of New York. The co^maturity yield values are read from the yield curve at fixed maturities, currently 1,2,3, 5, 7,10, and 30 years. T^1 provides a yield for a 10-year maturity, for example, even if no outstanding security has exactly 10 years r maturity.