Full text of H.15 Selected Interest Rates : October 9, 1984

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release
For immediate release
OCTOBER
9 , 1984

H.15 (519)

SELECTED INTEREST RATES
Yields in percent per annum
Instruments

FEDERAL FUNDS (EFFECTIVE) 1 /
COMMERCIAL PAPEB 2 / 3 /
1-HONTH
3-HONTH
6-HONTH
FINANCE PAPER PLACED DIRECTLY 2 /
1-MONTH
3-HONTH
6-HONTH
BANKERS ACCEPTANCES (TOP RATED) 2 /
3-HONTH
6-HONTH
CDS (SECONDARY MARKET)
1-HONTH
3-HONTH
6-MONTH

BANK PRIHE LOAN 1/4/
DISCOUNT WINDOW BORROWING 1/5/
U.S*GOVERNMENT SECURITIES
TREASURY BILLS
AUCTION AVERAGE 2 / 6 /
3-HONTH
6-HONTH
1-YEAR
AUCTION AVERAGE (INVESTMENT)
3-JSONTH
6-HONTH

OCT
1

OCT

11.38

OCT
4

OCT

11.42

10.91

10.58

10.21

11.20

10.73

11.30

10*77
10-73
10*74

10*83
10.79
10.75

10.77
10.74
10.74

10.74
10.71
10.68

10.62
10.64
10.63

10.75
10.72
10.71

10.77
10.75
10.70

11.10
11.04
10.94

10,74
10.45
10.41

10.66
10.46
10*44

10.62
10.46
10.42

10.71
10.41
10.37

9.97
10.38
10-34

10.54
10.43
10.40

10.45
10.45
10.41

10.98
10.62
10.56

10.80
10.70

10.85
10.75

10.80
10.70

10.70
10.65

10.70
10.65

10.77
10.69

10.78
10.71

11.03
10.91

10.86
11.01
11.25
12.75

10.94
11.11
11.29
12.75
9.00

10.83
11.02
11.23
12.75
9.00

10.83
11.00
11.24
12.75
9.00

10*77
10.97
11.21
12.75
9.00

10.85
11.02
11.24
12.75
9.00

10.90
11.00
11.22
13.00
9.00

11.20
11.29
11.46
12.97
9.00

10.23
10.35
10.32

10.23
10.35
10,32

10.27
10.39

10.41
10.51
10.84

10.65
11.07

10.65
11.07

10.69
11. 12

10.83
11.25

9.00

2

6/

SECONDARY MARKET 2/
3-80NTH
6-HONTH
1-YEAR

2.
3.
4.
5.
6.
7.
8.

11.

SEPT

10.23
10.36
10.39

10.25
10.35
10.39

10.18
10.30
10.35

10.15
10.27
10.33

10.14
10.24
10.29

10. 19
10.30
10.35

10.24
10.34
10.38

10.37
10.47
10.51

11.44
12.09
12.31
12.51
12.60
12.54
12.43
12.35

11.44
12.07
12.29
12.52
12.61
12.54
12.43
12.35

11.40
12.06
12.29
12.49
12.59
12.54
12.43
12.36

11.37
12.02
12.25
12.45
12.57
12.52
12.40
12.31

11.31
11.93
12.15
12.35
12.44
12.39
12.29
12.20

11.39
12.03
12.26
12.46
12.56
12.51
12.40
12.31

11.42
12.06
12.27
12.46
12.53
12.46
12.36
12*26

11.58
12.20
12.34
12.53
12.60
12.52
12.42
12.29

12.01

12.01

12.01

11.98

11.87

11.98

11.93

11.97

12.63
14.25

12.61
14. 18

12.66
14.21

12.63
14.22

12.59
14. 18
13.81

12.62
14.21
13.81
10.34
14.18

12.56
14.24
13.84
10.15
14.26

12.66
14.35
13.86R
10.10
14.35

TREASURY CONSTANT MATURITIES 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 10/
STATE & LOCAL BONDS 11/
CONVENTIONAL MORTGAGES 12/

Week ending
OCT
SEPT
28
5

OCT
3

10.34

14. 18

WEEKLY FIGURES ARE AVEEAGES OF 7 CALENDAR DAYS ENDING ON WEDNESDAY OF THE CURRENT WEEKMONTHLY FIGURES INCLUDE EACH CALENDAR DAY IM THE MONTH*
QUOTED ON BANK-DISCOUNT BASIS.
RATES ON COMMERCIAL PAPER PLACED FOR FIRMS WHOSE BOND RATISG IS AA OR THE EQUIVALENT.
RATE CHARGED BY BANKS ON SHORT-TERH BUSINESS LOANS.
RATE FOR THE FEDERAL RESERVE BANK OF NEW YORK.
ISSUE DATEYIELDS ON ACTIVELY TRADED ISSUES ADJUSTED TO CONSTANT MATURITIES. SOURCE: U.S. TREASURY
SEE REVERSE FOR A DESCRIPTON OF THE CONSTANT MATURITY SERIES.
UNWEIGHTED AVERAGE OF ALL ISSUES OUTSTANDING OF BONDS NEITHER DUE NOR CALLABLE IN LESS THAN 10 YEARS
INCLUDING SEVERAL VERY LOW YIELDING "FLOWER" BONDS.
'
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.
BOND BUYER INDEX, GENERAL OBLIGATION, 20 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 & LOCAL BONDS,

WHICH ARE BASED ON THURSDAY FIGURES, AND CONVENTIONAL MORTGAGES AND A-CTILITY BONDS,

BOTH OF WHICH ARE BASED ON FRIDAY FIGURES.


SELECTED INTEREST RATES
YIELDS IN PERCENT PER ANNUM
WEEK ENDING WEDNESDAY
WEEK ENDED
1984 •
OCT :
3 :
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/

11.20
10.21
10.73
10.99
11.41
12.38

:
:
:
.
:
:•

1984 .
SEPT :
26 :

4 WEEKS ENDED
1984 :
OCT :
3 :

10.73 : 11.23 :
10.26 ; 10.32 10.82 :• 10.97 :
11.09 • 11.22 •:
11.43 ;• 11.59 :
12.34 : 12.39 .•

1984
SEPT

12
11.62
10.52
11.24
11.52
11.86
12.66

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 MATURITY11 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.