FEDERAL RESERVE statistical release

These data are released the first Tuesday after the first Monday of each month. Availability of the release is announced on (202) 452-3206.

G.13 (415)

SELECTED INTEREST RATES

For immediate release
March 7, 2000

Yields in percent per annum
Week Ending
Instruments

Feb
4

Feb
11

Feb
18

Feb
25

Mar
3

Jan

Feb

Federal funds (effective) 1 2 3
Commercial paper 3 4 5 6
Nonfinancial
1-month
2-month
3-month
Financial
1-month
2-month
3-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 9
1-month
3-month
6-month
Bank prime loan 2 3 10
Discount window borrowing 2 11
U.S. government securities
Treasury bills
Auction high 3 4 12
3-month
6-month
1-year
Secondary market 3 4
3-month
6-month
1-year
Treasury constant maturities 13
3-month
6-month
1-year
2-year
3-year
5-year
7-year
10-year
20-year
30-year
Composite
Over 10 years (long-term) 14
Corporate bonds
Moody’s seasoned
Aaa
Baa
State & local bonds 15
Conventional mortgages 16

5.66

5.71

5.75

5.72

5.77

5.45

5.73

5.77
5.80
5.85

5.75
5.80
5.86

5.75
5.80
5.86

5.76
5.83
5.88

5.78
5.85
5.89

5.59
5.67
5.74

5.76
5.81
5.87

5.79
5.82
5.88

5.77
5.84
5.88

5.77
5.84
5.90

5.77
5.87
5.92

5.79
5.88
5.93

5.62
5.72
5.81

5.78
5.84
5.90

5.94
6.05

5.93
6.10

5.94
6.11

5.96
6.15

5.97
6.15

5.88
5.99

5.94
6.11

5.85
6.01
6.24

5.82
6.01
6.25

5.82
6.00
6.25

5.82
6.02
6.28

5.87
6.04
6.26

5.74
5.95
6.15

5.83
6.01
6.26

5.84
6.03
6.24
8.50
5.04

5.81
6.01
6.26
8.75
5.25

5.78
6.00
6.26
8.75
5.25

5.79
6.02
6.29
8.75
5.25

5.82
6.06
6.27
8.75
5.25

5.71
5.94
6.14
8.50
5.00

5.80
6.02
6.26
8.73
5.24

5.56
5.71
5.91

5.55
5.77

5.51
5.76

5.64
5.77

5.67
5.77
5.84

5.34
5.52
5.65

5.57
5.75
5.91

5.50
5.66
5.86

5.49
5.72
5.83

5.55
5.74
5.85

5.62
5.74
5.84

5.62
5.76
5.83

5.32
5.50
5.75

5.55
5.72
5.84

5.69
5.93
6.24
6.61
6.63
6.66
6.70
6.58
6.61
6.33

5.68
6.00
6.20
6.68
6.74
6.76
6.80
6.62
6.60
6.30

5.73
6.02
6.23
6.65
6.71
6.74
6.76
6.55
6.55
6.23

5.81
6.02
6.22
6.54
6.57
6.59
6.63
6.38
6.44
6.13

5.78
6.02
6.18
6.51
6.55
6.58
6.64
6.39
6.45
6.15

5.50
5.76
6.12
6.44
6.49
6.58
6.70
6.66
6.86
6.63

5.73
6.00
6.22
6.61
6.65
6.68
6.72
6.52
6.54
6.23

6.56

6.56

6.50

6.39

6.41

6.81

6.49

7.65
8.22
6.05
8.25

7.69
8.30
6.02
8.36

7.70
8.32
5.98
8.38

7.68
8.29
5.94
8.31

7.71
8.35
5.94
8.27

7.78
8.33
6.08
8.21

7.68
8.29
6.00
8.33

See overleaf for footnotes

G.13 (415)
Selected Interest Rates
Yields in percent per annum
Fed
funds

Feb 1
Feb 2
Feb 3
Feb 4
Feb 7
Feb 8
Feb 9
Feb 10
Feb 11
Feb 14
Feb 15
Feb 16
Feb 17
Feb 18
Feb 21 *
Feb 22
Feb 23
Feb 24
Feb 25
Feb 28
Feb 29

5.79
5.64
5.71
5.70
5.76
5.67
5.76
5.79
5.71
5.79
5.85
5.67
5.66
5.70
5.70
5.81
5.77
5.76
5.73
5.81
5.85

Comm
paper
1-mo.

Federal Reserve Board
March 7, 2000

Treasury bills
3-mo. 6-mo. 1-yr.

3-mo. 6-mo. 1-yr.

Treasury constant maturities
2-yr. 3-yr. 5-yr. 7-yr. 10-yr. 20-yr. 30-yr.

5.79
5.78
5.76
5.76
5.74
5.75
5.75
5.75
5.75
5.75
5.76
5.75
5.76
5.75

5.54
5.49
5.46
5.50
5.47
5.52
5.49
5.50
5.49
5.47
5.58
5.56
5.57
5.58

5.69
5.68
5.60
5.68
5.69
5.75
5.72
5.71
5.71
5.72
5.74
5.73
5.76
5.75

5.92
5.86
5.79
5.82
5.85
5.84
5.82
5.82
5.80
5.81
5.82
5.84
5.89
5.88

5.71
5.66
5.63
5.67
5.72
5.69
5.66
5.67
5.66
5.68
5.75
5.73
5.74
5.75

5.95
5.94
5.86
5.94
6.04
6.02
5.99
5.98
5.98
6.04
6.01
6.00
6.03
6.02

6.30
6.24
6.16
6.19
6.23
6.22
6.20
6.20
6.17
6.19
6.20
6.22
6.28
6.26

6.60
6.63
6.56
6.63
6.68
6.69
6.69
6.67
6.65
6.62
6.66
6.63
6.69
6.66

6.63
6.66
6.56
6.64
6.72
6.74
6.75
6.74
6.73
6.68
6.72
6.70
6.72
6.71

6.68
6.69
6.56
6.64
6.76
6.74
6.77
6.78
6.77
6.72
6.74
6.75
6.76
6.72

6.71
6.71
6.63
6.68
6.80
6.73
6.78
6.87
6.81
6.74
6.76
6.77
6.81
6.72

6.62
6.60
6.49
6.53
6.64
6.59
6.56
6.67
6.63
6.56
6.56
6.56
6.58
6.49

6.66
6.61
6.52
6.54
6.62
6.51
6.60
6.67
6.62
6.55
6.59
6.60
6.55
6.47

6.43
6.32
6.17
6.23
6.34
6.22
6.32
6.35
6.29
6.22
6.26
6.27
6.23
6.16

5.76
5.75
5.78
5.75
5.77
5.75

5.60
5.64
5.63
5.62
5.63
5.62

5.74
5.76
5.75
5.72
5.74
5.77

5.84
5.88
5.84
5.81
5.83
5.88

5.82
5.82
5.81
5.79
5.80
5.78

6.03
6.03
6.02
5.99
6.02
6.02

6.22
6.27
6.22
6.18
6.21
6.20

6.57
6.61
6.52
6.45
6.47
6.53

6.62
6.63
6.54
6.48
6.50
6.58

6.62
6.66
6.56
6.50
6.53
6.61

6.60
6.70
6.61
6.61
6.62
6.67

6.36
6.44
6.36
6.36
6.37
6.42

6.39
6.45
6.43
6.47
6.47
6.46

6.08
6.14
6.13
6.17
6.16
6.15

* Market closed

FOOTNOTES
1.
2.
3.
4.
5.

6.
7.
8.
9.
10.
11.
12.

13.
14.
15.
16.

The daily effective federal funds rate is a weighted average of rates on trades through N.Y. brokers.
Weekly figures are averages of 7 calendar days ending on Wednesday of the current week; monthly figures include
each calendar day in the month.
Annualized using a 360-day year or bank interest.
On a discount basis.
Interest rates interpolated from data on certain commercial paper trades settled by The Depository Trust Company.
The trades represent sales of commercial paper by dealers or direct issuers to investors (that is, the offer side). See
Board's Commercial Paper Web pages (http://www.federalreserve.gov/releases/cp) for more information.
The 1-, 2-, and 3-month rates are equivalent to the 30-, 60-, and 90-day dates reported on the Board's Commercial
Paper Web page.
Representative closing yields for acceptances of the highest rated money center banks. Source: Telerate, Inc.
An average of dealer offering rates on nationally traded certificates of deposit.
Bid rates for Eurodollar deposits collected around 9:30 a.m. Eastern time.
Rate posted by a majority of top 25 (by assets in domestic offices) insured U.S.-chartered commercial banks. Prime
is one of several base rates used by banks to price short-term business loans.
Rate for the Federal Reserve Bank of New York.
Auction date for daily data; weekly and monthly averages computed on an issue-date basis. Data are stop yields
from uniform-price auctions, rounded to two decimal places. (The U.S. Treasury publishes stop yields to three
decimal places at http://www.publicdebt.treas.gov).
Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.
Unweighted average of rates on all outstanding bonds neither due nor callable in less than 10 years.
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 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 from 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 quotations obtained by the Federal Reserve Bank of New York. The constant maturity yield values are read from the yield curve at fixed maturities, currently 3
and 6 months and 1, 2, 3, 5, 7, 10, 20, and 30 years. This method provides a yield for a 10-year maturity, for example, even if
no outstanding security has exactly 10 years remaining to maturity. In estimating the 20-year constant maturity, the Treasury
incorporates the prevailing market yield on an outstanding Treasury bond with approximately 20 years remaining to maturity.