Full text of H.15 Selected Interest Rates : October 15, 1985

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FEDERAL RESERVE statistical release
H.15 (519)

For immediate release
OCTOBEfl 1 5 , 1985

SELECTED INTEREST RATES
Yields in percent per annum
Instruments

FEDERAL FUNDS (EFFECTIVE) 1 /
COMMERCIAL PAPEB 2 / 3 /
1-MO NTH
3-MONTH
6-MONTH
FINANCE PAPER PLACED DIRECTLI 2 /
1-MONTH
3-MONTH
6-MONTH
BANKERS ACCEPTANCES (TOP RATED) 2 /
3-MONTH
6-MONTH
CDS (SECONDARY HABKBT)
1-MONTH
3-MONTH
6-MONTH
BANK PRIflE LOAN
1/4/
DISCOUNT WINDOW BOBBOWING 1 / 5 /
O.S.GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE 2 / 6 /
3-flOMTH
6-HOMTH
1-YEAR
AUCTION AVERAGECIMVESTHEMT) 6 /
3-MONTH
6-flONTH
SECONDARY MARKET 2 /
3-HONTH
6-HONTH
1-YEAR
TREASURY CONSTAHT MATUBITIES 7 / 8 /
1-YEAR
2-YEAR
3-YEAR
5-YEAR
7-YEAR
10-YEAR
20-YEAR
30-YEAR
COMPOSITE
OVER 10 YEARS (LONG-TERM) 9 /
CORPORATE BONDS
MOODY»S SEASONED
AAA
BAA
A-UTILITY 1 0 /
STATE & LOCAL BONDS 1 1 /
CONVENTIONAL MORTGAGES 1 2 /

Week ending
OCT

OCT

—e-

OCT
9-

OCT
—14-

OCT
—14-

7.80

7,70

8.32

8.28

7.94

7.84

8. 12

7.92

7.75
7,76
7.77

7.75
7.77
7.78

7.81
7.81
7.81

7.87
7.86
7.86

7.84
7.83
7.84

7.80
7.81
7.81

7.76
7.74
7.73

7.83
7.83
7.86

7.73
7.57
7.56

7.66
7.58
7.56

7.80
7.59
7,57

7.91
7.60
7.60

7.85
7.60
7.60

7.79
7.59
7.58

7.78
7.57
7.56

7.d4
7.64
7.60

7.78
7.78

7.77
7.78

7.80
7.80

7.85
7.85

7.30
7.82

7.80
7.81

7.71
7.69

7.61
7.84

7.72
7.88
7.99
9.50
7.50

7.82
7.87
8.00
9.50
7.50

7.82
7.87
7.98
9.50
7.50

7.86
7.90
8.00
9.50
7.50

7.86
7.92
8.01
9.50
7.50

7.82
7.89
8.00
9.50
7.50

7.82
7.85
7.95
9.50
7.50

7.93
8.09
9.50
7.50

7.14
7.32

7.14
7.32

7.07
7.24

7.08
7.27
7.36

7.37
7.71

7.37
7.71

7.30
7.62

7.31
7.65

OCT

OCT

7.08
7.31
7.49

7.16
7.36
7.48

7.19
7.36
7.48

7.22
7.39
7.50

7.19
7.36
7.48

7.17
7.36
7.49

7.01
7.20
7.41

7.10
7.27
7.50

8.07
8.97
9.36
9.83
10.29
10.42
10.85
10.66

8.06
8.96
9.35
9.81
10.25
10.36
10.81
10.63

8.05
8.97
9.35
9.82
10.27
10.37
10.81
10.64

8.08
8.96
9.35
9.82
10.26
10.35
10.78
10.61

8.05
8.96
9.35
9.62
10.25
10.34
10.77
10.61

8.06
8.96
9.35
9.82
10.26
10.37
10.80
10.63

7.96
8.85
9.25
9.71
10. 16
10.32
10.75
10.58

8.07
8.98
9.37
9.81
10.24
10.37
10.80
10.61

10.73

10.70

10.70

10.68

10.68

10.70

10.62

10.67

11.14
12.39

11.11
12.38

11.13
12.40

11.13
12.39

11. 10
12.38
11.96

11. 12
12.39

11.07
12.4 6*
11.92
9.33
12.17

11.07
12.48
11.87
9.27
12.19

9.25

12.17

11.96
9.25
12.17

1.

WEEKLY FIGURES ARE AVERAGES OF 7 CALENDAR DAYS ENDIMG ON WEDNESDAY OF TOE CURRENT SEEK;
MONTHLY FIGURES INCLUDE EACH CALENDAR DAY IN THE MONTH.

3!
4.
5.
6.
7.

RATESDONMCOMflERCIAL PAPER PLACED FOR FIRHS WHOSE BOND
RATE CHARGED BY BANKS ON SHORT-TERfl BUSINESS LOANS.
RATE FOR THE FEDERAL RESERVE BANK OF NEW YORK.
AUCTION DATE.
YIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT
SPR REVERSE FOR A DE3CRIPTON OF THE CONSTANT MATURITY
UNWEIGHTED AVERAGE OF ALL ISSUES OUTSTANDING OF BONDS

10.

^

^

^

RATING I S AA OR THE EQUIVALENT.

SOURCE: U . S . TREASURY.
MATURITIES.
SERIES.
NEITHER DUE NOR CALLABLE IN LESS THAN 10 YEARS,
• « " «

B C D WITH A MATURITY OF 3 0 YEARS AND CALL

0

11.
12.

S S S F S w ! S J O K I M M B I ^ S S I M S M 2" 00* Y E A R S TO MATURITY, HIED QUALITY; THURSDAY QUOTATIONS.
CONTRACT INTEREST RATES ON COMMITMENTS FOR FIXED-RATE FIRST MOBTGAGBS.

SOURCE: FHLHC.

NOTE: 'WEEKLY AND MONTHLY FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT FOR STATE & LOCAL BONDS,
WHICH ARE BASED ON THURSDAY FIGURES, AND CONVENTIONAL MORTGAGES AND A-UTILITY BONDS,

* • AS o r T H E H . 1 5 L L E L E D A T E O F J U N r 2 4 r i 9 8 5 ,
TREASURY BILL AUCTION AVERAGES WILL BE REPORTED
ON THE AUCTION DATE INSTEAD OF THE ISSUE DATE.
*

Daily rate for Friday, October 4 was revised to 12.45.




SEPT

SELECTED INTEREST RATES
YIELDS IN PERCENT PER ANNUM
WEEK ENDING WEDNESDAY
WEEK ENDED
1985 :
OCT .
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. S. GOVERNMENT BOND 4/

7.84
7.08
7.75
7.85
8.10
10.80

:
:
•
:
:
:

4 WEEKS ENDED

1985 :
OCT
2 :
8.12
7.01
7.74
7.84
8.01
10.73

:
:
:
:
:

1985 :
OCT
9 :
7.95
7.05
7.81
7.90
8.11
10.79

:
:
:
:
:

1985
SEPT
18
7.83
7.14
7.79
7.88
8.11
10.72

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.