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
February 6, 2001

Yields in percent per annum
Week Ending
Instruments
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
CDs (secondary market) 3 7
1-month
3-month
6-month
Eurodollar deposits (London) 3 8
1-month
3-month
6-month
Bank prime loan 2 3 9
Discount window borrowing 2 10
U.S. government securities
Treasury bills (secondary market) 3 4
3-month
6-month
1-year
Treasury constant maturities 11
3-month
6-month
1-year
2-year
3-year
5-year
7-year
10-year
20-year
30-year
Interest rate swaps 12
1-year
2-year
3-year
4-year
5-year
7-year
10-year
30-year
Corporate bonds
Moody’s seasoned
Aaa
Baa
State & local bonds 13
Conventional mortgages 14
See overleaf for footnotes

Jan
5

Jan
12

Jan
19

Jan
26

Feb
2

Dec

Jan

5.88

5.91

6.02

5.96

5.94

6.40

5.98

6.12
5.94
5.85

5.73
5.56
5.45

5.74
5.60
5.47

5.60
5.47
5.35

5.44
5.34
5.27

6.51
6.42
6.34

5.74
5.59
5.49

6.12
5.98
5.84

5.76
5.59
5.46

5.78
5.60
5.51

5.59
5.50
5.42

5.48
5.40
5.30

6.52
6.42
6.33

5.75
5.62
5.51

6.19
5.96
5.76

5.85
5.58
5.40

5.83
5.62
5.46

5.68
5.52
5.35

5.53
5.38
5.20

6.62
6.45
6.30

5.83
5.62
5.45

6.17
5.96
5.75
9.50
5.96

5.80
5.57
5.41
9.00
5.50

5.78
5.61
5.47
9.00
5.50

5.65
5.51
5.34
9.00
5.50

5.50
5.37
5.20
9.00
5.43

6.58
6.43
6.28
9.50
6.00

5.79
5.62
5.44
9.05
5.52

5.36
5.10
4.71

5.13
4.94
4.60

5.17
4.99
4.67

5.11
4.92
4.64

4.91
4.72
4.47

5.77
5.68
5.33

5.15
4.95
4.63

5.51
5.30
4.89
4.78
4.77
4.80
5.04
5.01
5.54
5.42

5.27
5.14
4.79
4.72
4.73
4.81
5.07
5.08
5.61
5.50

5.32
5.19
4.85
4.80
4.81
4.85
5.14
5.19
5.65
5.54

5.24
5.12
4.83
4.79
4.81
4.94
5.23
5.29
5.75
5.64

5.04
4.91
4.66
4.66
4.70
4.87
5.12
5.20
5.65
5.56

5.94
5.92
5.60
5.35
5.26
5.17
5.28
5.24
5.64
5.49

5.29
5.15
4.81
4.76
4.77
4.86
5.13
5.16
5.65
5.54

5.60
5.56
5.62
5.69
5.75
5.83
5.94
6.17

5.37
5.39
5.49
5.57
5.65
5.77
5.92
6.15

5.39
5.45
5.57
5.67
5.75
5.89
6.04
6.28

5.33
5.44
5.60
5.73
5.83
5.98
6.15
6.39

5.19
5.29
5.45
5.57
5.67
5.83
6.00
6.28

6.18
6.06
6.07
6.11
6.14
6.20
6.27
6.41

5.38
5.44
5.56
5.66
5.74
5.87
6.02
6.26

7.09
7.94
5.09
7.07

7.13
7.95
5.00
6.89

7.14
7.90
5.10
7.02

7.21
7.95
5.20
7.15

7.13
7.84
5.15
7.09

7.21
8.02
5.22
7.38

7.15
7.93
5.10
7.03

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

Jan 1 *
Jan 2
Jan 3
Jan 4
Jan 5
Jan 8
Jan 9
Jan 10
Jan 11
Jan 12
Jan 15 *
Jan 16
Jan 17
Jan 18
Jan 19
Jan 22
Jan 23
Jan 24
Jan 25
Jan 26
Jan 29
Jan 30
Jan 31

5.41
6.67
6.35
5.92
5.83
5.98
5.95
6.06
6.05
5.98
5.98
6.20
5.94
5.93
5.92
6.00
5.97
6.05
6.10
5.96
5.98
5.90
5.74

Comm
paper
1-mo.

Federal Reserve Board
February 6, 2001

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.

6.45
6.34
5.91
5.79
5.71
5.73
5.73
5.74
5.74

5.69
5.53
5.23
4.99
5.06
5.10
5.15
5.17
5.19

5.36
5.22
5.00
4.80
4.84
4.91
4.96
4.97
5.04

4.92
4.85
4.63
4.42
4.43
4.53
4.63
4.65
4.76

5.87
5.69
5.37
5.12
5.19
5.24
5.29
5.31
5.33

5.58
5.44
5.20
4.98
5.03
5.11
5.16
5.17
5.24

5.11
5.04
4.82
4.60
4.61
4.71
4.82
4.84
4.96

4.87
4.92
4.77
4.56
4.54
4.64
4.76
4.77
4.90

4.82
4.92
4.78
4.57
4.55
4.65
4.78
4.78
4.91

4.76
4.94
4.82
4.66
4.65
4.73
4.83
4.85
4.97

4.97
5.18
5.07
4.93
4.94
4.98
5.09
5.12
5.24

4.92
5.14
5.03
4.93
4.94
4.98
5.10
5.14
5.25

5.46
5.62
5.56
5.50
5.52
5.53
5.60
5.67
5.74

5.35
5.49
5.44
5.41
5.42
5.43
5.49
5.55
5.63

5.75
5.77
5.75
5.68
5.60
5.60
5.63
5.57
5.58
5.52
5.47
5.40

5.22
5.22
5.14
5.10
5.11
5.10
5.14
5.14
5.04
4.99
4.89
4.86

5.07
5.05
4.92
4.92
4.92
4.94
4.95
4.93
4.86
4.85
4.76
4.65

4.76
4.72
4.59
4.60
4.60
4.65
4.68
4.66
4.60
4.58
4.48
4.41

5.38
5.36
5.28
5.24
5.23
5.24
5.28
5.28
5.17
5.11
5.02
4.99

5.27
5.26
5.12
5.11
5.11
5.14
5.15
5.13
5.05
5.04
4.95
4.83

4.95
4.91
4.76
4.79
4.79
4.85
4.86
4.83
4.80
4.78
4.68
4.60

4.89
4.84
4.72
4.75
4.75
4.82
4.81
4.78
4.78
4.77
4.70
4.62

4.89
4.84
4.73
4.76
4.78
4.83
4.84
4.80
4.81
4.80
4.75
4.67

4.96
4.87
4.74
4.84
4.87
4.96
4.98
4.94
4.93
4.97
4.91
4.85

5.22
5.14
5.06
5.14
5.19
5.24
5.27
5.23
5.23
5.25
5.17
5.08

5.24
5.19
5.12
5.19
5.25
5.30
5.33
5.29
5.29
5.32
5.24
5.19

5.71
5.64
5.57
5.67
5.71
5.76
5.78
5.73
5.75
5.78
5.68
5.65

5.60
5.52
5.47
5.56
5.61
5.65
5.67
5.61
5.64
5.69
5.59
5.54

* Market closed

FOOTNOTES
1.
2.
3.
4.
5.

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

13.
14.

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.
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.
Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury.
International Swaps and Derivatives Association (ISDA) mid-market par swap rates. Rates are for a Fixed Rate
Payer in return for receiving three month LIBOR, and are based on rates collected at 11:00 a.m. by Garban
Intercapital plc and published on Reuters Page ISDAFIX1. Source: Reuters Limited.
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.