Full text of H.15 Selected Interest Rates : October 29, 1984

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FEDERAL RESERVE statistical release

i f f lIF

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H.15 (519)

For Immediate release
CCTCBEIi 2 9 # 1984

SELECTED INTEREST RATES
Yields in percent per annum

Week ending
Instruments

FEDERAL FUNDS (EFFECTIVE) 1 /
CCflHEHCIAl PAPER 2 / 3 /
1-HONTH
3-BONTH
6-BONTB
FINANCB PAPER PLACED DIRECTLY 2 /
1-BONTB
3-BOHTH
6-BONTB
BANKERS ACCEPTANCES (TCP BATED) 2 /
3-BONTH
6-BONTB
CDS (SECONDARY BASKET)
1-BONTH
3-aOL?H
6-BONTB
BANI PBIBB LOAN 1 / 4 /
DISCOUNT MINDOH BOBfiOiING 1 / 5 /
U.S.GO?BRNB£NT SECURITIES
TREASURY BILLS
AUCTION AVERAGE 2 / 6 /
3-BONTB
6-BONTB
1-YEAB
AUCTION AWEBAGECINVES1BENT) 6 /
3-aONTH
6 - BO NTB
SECONDABY BASKET 2 /
3-5ONTH
6-BONTB
1-IEAB
TREASURY CONSTANT BATURITIES 7 / 8 /
1-YEAB
2-YEAB
3-IBAB
5-IEAB
7-IBAB
10-XEAB
20-YEAR
30-YEAB
C0BP0SIT1
OfEB 10 YEARS(LGNG-TEBB)9/
CORPORATE BONDS
HOOOY'S SEASONED
AAA
BAA
A-OTILITY 1 0 /
STATE & LOCAL BONDS 1 1 /
CONfBNTIONAL B0BTGA3ES 1 2 /

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

OCT

OCT
22

OCT
23

OCT
24

OCT
25

OC1
26

26

9.95

9.24

7.53

9.24

9.59

9.45

10

11.30

9.69
9.76
9.81

9.61
9.68
9.69

9.29
9.43
9» 53

9.21
9.36
9.49

9.33
9.46
9.62

9.43
9.54
9.63

10.05
10. 13
10. 18

1 1 . 10
11.04
10.94

9.68
9.64
9.65

9.59
9.55
9,55

9.28
9.25
9.38

8.91
8.88
9.26

9.31
9.25
9.25

9.35
9.31
9.42

9.9C
9.88
9.88

10.98
10.62
10.56

9.75
9,75

9.65
9.65

9.45
9.50

9.45
9.55

9.70
9.75

9.60
9.64

10.13
10. 15

11.03
10.91

9.87
10.04
10.25
12.50
9.00

9.76
9.91
10. 12
12.50
9.00

9.55
9.74
9.96
12.50
9.00

9.40
9.63
9.82
12.50
9.00

9.51
9.77
10. 12
12.50
9 . CO

9.62
9.82
10.05
12.50
9.00

10.21
10.39
10.63
12.71
9.00

11.20
11.29
11.46
12.97
9.00

9.54
9.57

9.54
9.57

9.98
10.08

10.41
10.51
10.84

9.91
10.20

9.91
10.20

10.38
10.77

10.83
11.25

SEPT

19

w

9.55
9.59
9.69

9.45
9.49
9.55

9.16
9.31
9.41

9.17
9.35
9.47

9.34
9 . 58
9.67

9.33
9.46
9.56

9.81
9.91
9.96

10.37
10.47
10.51

10.62
11.35
11.63
11.82
11.87
11.90
11.71
11.69

10.45
11.17
11.44
11.62
11.72
11.78
11.69
11.64

10.29
11.10
11.34
11.55
11.68
11.74
11.69
11.62

10.35
11.13
11.41
11.65
11.77
11.83
11.74
11.68

10.59
11.33
11.59
11.83
11.95
11.99
11.87
11.78

10.26
11.22
11.48
11.69
11.80
11.85
11.74
11.68

10.93
11.63
11.86
12.10
12. 19
12. 19
12.04
12.00

11.58
12.20
12.34
12.53
12.60
12.52
12.42
12.29

11.38

11.32

11.31

11.37

11.49

11.37

11.68

11.97

12.57
13.78

12.50
13.70

12.50
13.69

12.52
13,69

12.59
13.72
13.24

12.54
13.72
13.24
10.05
14.05

12.51
13.94
13.29*
10.24**
14. 10

12.66
14.35
13.86
10.10
14.35

10.05
14.05

WEEKLY FIGURES ABE AVERAGES OF 7 CALENDAR DAIS ENDING ON BEDNESDAY OF TflE CORBENT 1EEK;
aONTBLI FIGURES INCLUDE EACB CALENDAR DAI IN TBE flONTU.
QUOTED QU BANK-DISCOUNT BASIS.
BATES ON COHBERCIAL PAPER PLACED FOB PIRflS WHOSE BOND RATING IS kk OR TfiE EQUIVALENT.
RATE CHARGED BI BAVK5 ON SBGRT-TERB BUSINESS LOANS.
RATE FOB TBE FEDEBAL RESERVE BANK OF M£» IORX.
ISSUE DATE.
YIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT BATURITIES.
SCUBCE; U . S . IRBASUBI.
SEE REVERSE FOB A DESCRIPTON OF TBE CONSTANT SAIOBITY S E R I E S .
ONBEIGflTED AVERAGE OF ALL ISSUES OUTSTANDING OF BONDS NEITBER DOE NOR CALLAELE IN LESS THAN 10 YEARS,
INCLUDING SEVEBM VEBI LOi 1IELDING "FLOHER" BONDS.
BSTIBATE OF THE YIELD ON A RECENTLY-OFFERED, A-BATED UTILITY BOND WITH I flAIUSITY OF 30 YEARS AND CALL
PROTECTION OF 5 YEARS; FRIDAY QUOTATIONS.
BOND BUYER INDEX, GENERAL OBLIGATION, 2 0 YEARS TO flATURITY, HIXED QUALITY; THURSDAY QUOTATIONS.
CONTRACT INTEREST RATES ON CCBBITBBNTS FOB FIXED-RATE FIRST flORTGAGES. SOURCE: FBLBC.

HOTS: MEEKLY AND 8OBTHLI FIGURES ARE AVERAGES OF DAILY RATES, EXCEPT FOR STALE S LOCAL BONDS,
HHICfl ARE BASED CN THURSDAY FIGURES, AND CONVENTIONAL HORTGAGES AND A-UTILITY BONDS,
BOTH OF WHICH ARE BASED ON FRIDAY FIGUBES.
• L a s t week t h e average f o r t h e week ending October 12 was i n c o r r e c t . The r a t e i s 1 3 . 7 0 .
**Last week t h e average f o r t h e week ending October 12 was i n c o r r e c t . The rate i s 1 0 . 3 6 .




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

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/

1984 :

1984

OCT
24

OCT
17

9.45
9.49 :
9.73
10.00
10.29
11.76

10.22
9.93
10.33
10.61 .
11.00 .
12.16 :

4 WEEKS ENDED
1984 :
:

1984
OCT

OCT
24

10.22
9.94
10.35
10.63
10.99
12.15

3
:
:
:
:
:
:

11.23
10.32
10.97
11.22
11.59
12.39

FEDERAL FUNDS RATES ARE AVERAGES OF EFFECTIVE RATES FOR
SEVEN CALENDAR DAYS ENDING ON WEDNESDAY.
2. QUOTED ON BANK DISCOUNT BASIS. M
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.