Full text of H.15 Selected Interest Rates : September 7, 1977

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FEDERAL

i& P '

RESERVE

s»o»i *ti cnl rcl c a s e

ISM
StUCTFI) INTI Ml Si RAILS ATJI* Ultflll H(|Cl S
( Yi el d in per cent per annum)
Calendar week ending September J, 1 9 //

i
1 ns 1 ruin n ts

Auu.

Aug.
'0

I Aug.
11
6 .0 i

For Immediate Release
September / , 19/7

rC|lt.

Sept.

1

t

la st
* thfs
Week
Week
6 . 0 ? 17 “V.99 1 /
6 .8 8
5 . PH "
6.00
5.95
5.88
5.88
5.93
5.95
7.00
7.00
5.75** ! 5.26

federal funds ( e f f e c t i v e r a t e ). . ,
6.05
0 . 11/
h .06
6.04
Lofl’meri ial paper (prime, go to 119 day*.).................
5.88 j 5.88
5 .88 ! 5.88
5.08
f « • i »1 paper ( p» w e , 4 ft) f, <os ) .
6 .0 0
6 . DU
6.00
6.00
6 .0 0
Finance paper placed d i r e c t l y (3 to 6 mos.j . , .
5 . MJI
5.88 j 5. fid
5.88 i 6.HH
Bankers' acceptances (prin»*, oo days)
5.94
5.93
6.93
5.91
5.93
Prime loan (la rg e business prime ra te-m a jority) .
/.DO i /.Oil
7.00
7.00
7 .U0
Discount rate (fe d e ra l Reserve Bank o f New York).
5.25
5.25
5 ./5
5 ./6
5.75
Yields on U.S. r«nvernwent s e c u r i t i e s :
2/
Auction Average (Issue d a te ):
j Month b i l l
...........................................................
6 .6 /4
5.574
5.653
6 -month b i l l
...........................................................
5.849
5.891
5.849
1-year b i l l
...........................................................
i« . e ■ i ic i ■i . .
3-month b i l l
...........................................................
5.56
5.59
5.56
5.56
5.53
5 .5 /
5.63
..............................................
6 -month b i l l
5.86
5.85
6.85
6.87
5.86
5.R6
5 .8 /
1-year b i l l
...........................................................
5.98
5.96
5.98
5 .9 /
5.98
6.99
6.02
treasury coupon m aturities:
3/
1 - v e a r ....................................................................• 6. Jb
6 .3 ?
6.35
6 .12
6.36
6.36
6.36
2 - y e a r ...............................................................
6.63
6.64
6.5f»
6.56
6.56
6.69
6.57
3 - y c a r ...................................................................
6.73
6.78
6.74
6.69
6.72
b ./ 4
to./?
S-year ....................................................................
7.00
6.93
6.93
6 .9 /
6.94
6 .9 0
0.93
/.OH
/•ycar ...................................................................
7.11
7.13
7.11
7.10
/.II
7.15
10 / « * a r ...................................................................
7.34
/ . id
7.27
7.24
7.25
/ .28
/.;/
20- y e a r ..........................................................
7.58
7.63
7.52
7.53
7.61
7.52
7.51
7.6.3
30-yoar ...................................................................
7.58
7.60
7.61
7.59
7.59
7.58
Coupon issues due in:
4/
9 to 12 months ...................................................
0.33
6.36
6.36
6.36
6.35
6.35
6.39
6.86
6.84
6.86
3 to 5 years .......................................................
6.83
6.84
6.M2
6.89
6.HH
10 years or more ..............................................
6.88
6.88
6.92
6.86
6 .8 /
6.87
57.85
58.18
Price o f long-term bonds
6 / 6 / ..................................
68.18
58.33
68.18
58.23
58.2b
B. 31
8.31
8.34
Average y ie ld s on corporate bonds (Moody's) . . .
6.31
8.32
8.32
8.31
7.93
7.92
7.90
7.96
7.91
/ . 92
7.9?
8 . HI
8.80
8.79
8.81
8.00
B a a ...............................................................
. . . .
8. B0
8.80
5.27
5.27
State and local government (M ood y 's).........................
5.2 /
/-i|,iy
average
for
statement.
week
ended
on
preceding
Wednesday.
2j
Bi
l
l
s
guoted
on
hank
discount
l>«isis.
y
Yield*, on a c t i ve l y traded issues adjusted to constant m aturities.
Source: II.S. Treasury Department.
v
4 / Unweighted average o f a ll issues outstanding. 5/ Bonds nei t her due nor c a l l a b l e in less than 10 years.
Derived from "long-term" y i e l d above on the basis o f an assumed 2 0-year bond with a 3 per cent coupon.
6/
A* <f week end inn r entember *1. 107f.
** Ar o f A-Must -I.



Year
Ago*
5.cu
5.35
5.46
5.35
5.28
7.00
5.50

5.091
5.361

5.09
5.35
5.66
5.91
6.53
6.75
7.17
7.46
7.67
7.82
n.a.
5.88
6.91
6.77
59.03
8.85
8.41
9.5.3