Rate

Rate of interest in money and capital markets

The Bond Buyer

Long-term or capital market

Government securities

State and local

General obligation

20-bond index

Not seasonally adjusted

Monthly

The 20-Bond Index uses 20 general obligation bonds with 20 year maturities. The Moody's arithmetic average rating of the 20 bonds is Al.

Released on 06/06/2005

slbond

01/1953 2.44

02/1953 2.59

03/1953 2.65

04/1953 2.67

05/1953 2.82

06/1953 3.03

07/1953 2.95

08/1953 2.90

09/1953 2.87

10/1953 2.71

11/1953 2.60

12/1953 2.59

01/1954 2.50

02/1954 2.42

03/1954 2.39

04/1954 2.47

05/1954 2.49

06/1954 2.47

07/1954 2.32

08/1954 2.26

09/1954 2.31

10/1954 2.34

11/1954 2.32

12/1954 2.36

01/1955 2.40

02/1955 2.43

03/1955 2.44

04/1955 2.41

05/1955 2.38

06/1955 2.41

07/1955 2.54

08/1955 2.60

09/1955 2.58

10/1955 2.51

11/1955 2.45

12/1955 2.57

01/1956 2.50

02/1956 2.44

03/1956 2.57

04/1956 2.70

05/1956 2.68

06/1956 2.54

07/1956 2.65

08/1956 2.80

09/1956 2.93

10/1956 2.95

11/1956 3.16

12/1956 3.22

01/1957 3.18

02/1957 3.00

03/1957 3.09

04/1957 3.13

05/1957 3.27

06/1957 3.41

07/1957 3.39

08/1957 3.54

09/1957 3.53

10/1957 3.42

11/1957 3.37

12/1957 3.04

01/1958 2.91

02/1958 3.02

03/1958 3.06

04/1958 2.96

05/1958 2.92

06/1958 2.97

07/1958 3.09

08/1958 3.35

09/1958 3.54

10/1958 3.45

11/1958 3.32

12/1958 3.33

01/1959 3.42

02/1959 3.36

03/1959 3.30

04/1959 3.39

05/1959 3.57

06/1959 3.71

07/1959 3.71

08/1959 3.58

1 of 7 6/8/2005 5:33 PM

 EE-RM/STD-00-550 COMMENT 86

10f7 

Rate 

Rate of interest in money and capital markets 

The Bond Buyer 

Long-term or capital market 

Government securities 

State and local 

General obligation 

20-bond index 

Not seasonally adjusted 

Monthly 

The 20-Bond Index uses 20 general obligation bonds with 20 year maturities. The Moody's arithmetic average rating of the 20 bonds is AI. 

Released on 06/06/2005 

slbond 

01/1953 2.44 

02/1953 2.59 

03/1953 2.65 

04/1953 2.67 

05/1953 2.82 

06/1953 3.03 

07/1953 2.95 

08/1953 2.90 

09/1953 2.87 

10/1953 2.71 

11/1953 2.60 

12/1953 2.59 

01/1954 2.50 

02/1954 2.42 

03/1954 2.39 

04/1954 2.47 

05/1954 2.49 

06/1954 2.47 

07/1954 2.32 

08/1954 2.26 

09/1954 2.31 

10/1954 2.34 

11/1954 2.32 

12/1954 2.36 

01/1955 2.40 

02/1955 2.43 

03/1955 2.44 

04/1955 2.41 

05/1955 2.38 

06/1955 2.41 

07/1955 2.54 

08/1955 2.60 

09/1955 2.58 

10/1955 2.51 

11/1955 2.45 

12/1955 2.57 

01/1956 2.50 

02/1956 2.44 

03/1956 2.57 

04/1956 2.70 

05/1956 2.68 

06/1956 2.54 

07/1956 2.65 

08/1956 2.80 

09/1956 2.93 

10/1956 2.95 

11/1956 3.16 

12/1956 3.22 

01/1957 3.18 

02/1957 3.00 

03/1957 3.09 

04/1957 3.13 

05/1957 3.27 

06/1957 3.41 

07/1957 3.39 

08/1957 3.54 

09/1957 3.53 

10/1957 3.42 

11/1957 3.37 

12/19,57 3.04 

01/1958 2.91 

02/1958 3.02 

03/1958 3.06 

04/1958 2.96 

05/1958 2.92 

06/1958 2.97 

07/1958 3.09 

08/1958 3.35 

09/1958 3.54 

10/1958 3.45 

11/1958 3.32 

12/1958 3.33 

01/1959 3.42 

02/1959 3.36 

03/1959 3.30 

04/1959 3.39 

05/1959 3.57 

06/1959 3.71 

07/1959 3.71 

08/1959 3.58 

6/8/2005 5:33 PM 
N N N O N O N O M N m 0 0 M N N N m N N N 0 N N N M N N P r O N N 0 N N M O O O N N 0 N N O O M NOM 0 0 r N r N N N N O N N C N U) N N N 0 M

N^ r^ N m^ N^ C M ^ N N N N^ M N N O N N N N N N N N N N N M N N N N N N N^ N N N N N N N N M^^ N ^ r 

m m M M M M M M M m m m M M M M M M M M m m m M M M M M M M M M M M m M m M M M M M M M M M M M M M M M M M M m m M m m M M M M m M M M M M M M M M M M M M M M M M M P 

0 0 0 0 0 0 N N N N N N N N N N N N N m m M M m P N N N N N N N N N N N N 

rn m m m rn rn rn rn m rn rn rn rn rn m m rn rn m rn rn rn rn m rn rn rn rn m rn m m m m m m rn rn rn m m m rn rn rn m m rn m rn rn m rn rn r

-

N N N

O N N N N M P N r W O N N N N M N 0 W O N N N N M P N N N N M C N r W O N N N N m P N O m N N N N m N r O O N N N N M N r O m O 

O N N N O O O O O O O O O N N N O O O O O O O O O N N N O O O O O O O O O N N N O O O O O O O O O N N N O O O O O O O O O^ N N O O O O O O O O O N N N O O O O 

 EE-RM/STD-00-550 COMMENT 86 09/1959 3.78 10/1959 3.62 11/1959 3.55 12/1959 3.70 0111960 3.72 02/1960 3.60 03/1960 3.57 04/1960 3.56 05/1960 3.60 06/1960 3.55 07/1960 3.50 08/1960 3.33 09/1960 3.42 10/1960 3.53 11/1960 3.40 12/1960 3.40 0111961 3.39 02/1961 3.31 03/1961 3.45 04/1961 3.48 

05/1961 3.43 

06/1961 3.52 

07/1961 3.51 08/1961 3.52 09/1961 3.53 

10/1961 3.42 11/1961 3.41 12/1961 3.47 

01/1962 3.34 

02/1962 3.21 

03/1962 3.14 04/1962 3.06 05/1962 3.11 06/1962 3.25 07/1962 3.27 08/1962 3.23 09/1962 3.11 

10/1962 3.02 

11/1962 3.04 

12/1962 3.07 

01/1963 3.10 02/1963 3.15 03/1963 3.05 04/1963 3.10 05/1963 3.11 06/1963 3.21 07/1963 3.22 08/1963 3.13 09/1963 3.20 

10/1963 3.20 11/1963 3.30 12/1963 3.27 

0111964 3.22 

02/1964 3.14 03/1964 3.28 04/1964 3.28 05/1964 3.20 06/1964 3.20 07/1964 3.18 

08/1964 3.19 

09/1964 3.23 

10/1964 3.25 

1111964 3.18 12/1964 3.13 01/1965 3.06 02/1965 3.09 

03/1965 3.17 04/1965 3.15 

05/1965 3.17 

06/1965 3.24 

07/1965 3.27 08/1965 3.24 09/1965 3.35 

10/1965 3.40 11/1965 3.45 12/1965 3.54 

01/1966 3.52 02/1966 3.64 03/1966 3.72 04/1966 3.56 05/1966 3.65 06/1966 3.77 07/1966 3.95 08/1966 4

12 
M N M N ti M r O NOM W N O O N M M M N ti O W M O N N N M M M M M ti ti N N O N N N r N O M 

M N N O N N M N N O O m O N N N N O M N r~ r~ M r O N N r O ti N N ti M O M ti O N N M N N N 0 N O N N O O M N M N r ti N N M 

P P M N N O N r N N N N ^^ N N N N N N N N N N N N N N N N r--^^^^. r r 

CC CC CC m O O O O ti ti N N N N N N N N N N N N M M M M M M LU N N 

\ \

O O O O O

\\\ N r

O O

W

\ \

N N

O ti

\ \

ti 0 .........

N ti N M .. m r m M ON

\ \ \ \ \ \ \ \ \ \ \ \ \

. .

\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \

N M. N .. W. O N N N M

. ........ H ti 0 0 0 0 0 0 0 0 0

N- r W m

\ \ \ \ \

N N

O ti

\ \

ti 0 0 0 0 0 0 0 0 0 ti H H O 0 0 0 0 0 0 0 0 N N ti

N N N M P r O N N N N M N r W O H N

\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \

0 0 0 0 0

ti N M P

\ \ \ \ \ \ \ \ \

r

0 0 0 0 ti ti

0 ti

\ \

ti 0 

N ti 

\ \ \ 

 EE-RM/STD-00-550 COMMENT 86 03/1968 4.54 0411968 4.34 0511968 4.54 0611968 4.49 0711968 4.33 08/1968 4.21 09/1968 4.38 10/1968 4.49 1111968 4.60 1211968 4.82 01/1969 4.85 0211969 4.98 0311969 5.26 0411969 5.19 05/1969 5.33 06/1969 5.75 07/1969 5.75 08/1969 6.00 09/1969 6.26 10/1969 6.09 

1111969 6.30 1211969 6.82 

01/1970 6.63 02/1970 6.22 03/1970 6.05 04/1970 6.65 05/1970 7.00 06/1970 6.93 07/1970 6.42 

08/1970 6.17 09/1970 6.31 

10/1970 6.37 

1111970 5.71 

12/1970 5.47 

01/1971 5.35 0211971 5.23 03/1971 5.17 04/1971 5.37 05/1971 5.90 06/1971 5.95 07/1971 6.06 08/1971 5.82 09/1971 5.37 

10/1971 5.06 11/1971 5.20 12/1971 5.21 

01/1972 5.12 02/1972 5.28 

03/1972 5.31 

04/1972 5.43 05/1972 5.30 0611972 5.33 0711972 5.41 08/1972 5.30 0911972 5.36 

1011972 5.18 

11/1972 5.02 

1211972 5.05 

01/1973 5.05 02/1973 5.13 03/1973 5.29 04/1973 5.15 05/1973 5.15 06/1973 5.17 07/1973 5.40 08/1973 5.48 

09/1973 5.10 

10/1973 5.05 11/1973 5.18 12/1973 5.12 

01/1974 5.22 02/1974 5.20 

03/1974 5.40 

0411974 5.73 

05/1974 6.02 06/1974 6.13 07/1974 6.68 0811974 6.71 0911974 6.76 

10/1974 6.57 11/1974 6.61 12/1974 7.05 

01/1975 6.82 02/1975 6

39 
0 0 0 0 0 0 0 O o 0 0 0 0 0 0 0 0 

N^NNO^mJO1^ OW N^N^ ---- -W N--- OIU ^P W NN NNO^ W J^U^ W NNNNO^mJmU^ W NNNNO^mJOIU^ W N N NN OI U.^ W N 

\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ ----------- \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \

----

- N N N N N N N N N F-^ i-^ f-^ F-^ I-^ I-^ F^ 1-^ I^ I^ N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N 1-^ I-^ I-^ N N N N N N N N N N N N N N N N N N N 

O m m ^..^ m m LD lfl W m O O m m m m m m m m- 

m m m m m m m m m m m m m 0 0 m 0 0 0 m 0 ... J J J J J J J J J J J J J J J J J J J 

m m m m m m m m m m m m m m m m m

U N^^^^^^^^^^^^ W W W W W W W W W W W W N N N N N N N N N N N N N N N N N N N N N N N N O O O O O O O O O O O O i0 i0 iD i0 ^0 i0 ^0 ^0 i0 ^p lp ip m m m m m m m m 

N r N N N N N N N N N N N N N N H H H H H N N N N N N F+

lO ip l0 0 O l0 0 0 0 lO l0 O^ O N N N N N N N W NNNNN N O ^O O lO lO m m J J m lO m J J J J 0^ 6l 6^ Ol Ol T dl d> al a> U U O lO lO tO tO lO lO lO lO l0 ^O lO lO lO l0 ^0 0 0 0 0 m Ol Ol al 41 41 D

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

01 U N0 F' NOW NJ 01 .P l0 l0 O^ W m J 0 U J U t-' O N U U 0 01 N N J> N0 U m t0 N- m OJ NJ N 0) Ol J 01 0) O 0) N U- 00 O\ NJ NJ U O1 ~~ W N W O U N NJ NJ N N W W .P U t' NJ N N O J 

Ut' UJUOlON J^p 61 ^^ia W ip^TmN W NF^.^OmO014\m 6l W m.^UmN Jm^lO W Nm.^JJN T^9TOd>F'.O J W W ^p W OJ OJUNOmN O W NUm W ^OlOlO W lONmN W 

0411978 5.79 05/1978 6.03 0611978 6.22 0711978 6.28 08/1978 6.12 09/1978 6.09 

10/1978 6.13 11/1978 6.19 12/1978 6.50 

01/1979 6.46 02/1979 6.31 03/1979 6.33 0411979 6.28 05/1979 6.25 06/1979 6.12 07/1979 6.13 08/1979 6.20 09/1979 6.52 

10/1979 7.08 11/1979 7.30 12/1979 7.22 

01/1980 7.35 0211980 8.16 03/1980 9.16 0411980 8.63 05/1980 7.59 06/1980 7.63 07/1980 8.13 0811980 8.67 09/1980 8.94 

1011980 9.11 

11/1980 9.56 12/1980 10.20 

01/1981 9.66 02/1981 10.09 03/1981 10.16 0411981 10.62 05/1981 10.77 0611981 10.67 07/1981 11.14 08/1981 12.26 09/1981 12.92 

10/1981 12.83 

1111981 11.89 

12/1981 12.91 

01/1982 13.28 02/1982 12.97 0311982 12.82 04/1982 12.58 05/1982 11.95 06/1982 12.44 0711982 12.28 08/1982 11.23 0911982 10.66 

10/1982 9.68 

1111982 10.06 1211982 9.96 

01/1983 9.50 0211983 9.58 0311983 9.20 04/1983 9.04 05/1983 9.11 06/1983 9.52 

07/1983 9.53 08/1983 9.72 09/1983 9.58 

10/1983 9.66 11/1983 9.74 12/1983 9.89 

01/1984 9.63 02/1984 9.64 0311984 9.94 0411984 9.96 0511984 10.49 06/1984 10.67 07/1984 10.42 08/1984 9.99 09/1984 10.10 

10/1984 10.25 11/1984 10.17 12/1984 9.95 

01/1985 9.51 0211985 9.65 

40f7 6/8/20055:33 PM 
rn m m m m m rn rn m m m r r r r r r r r ^^ w- r m r r r m m r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r r 

r P O m O N O N P 0 N m N N ti m N O r r m N r T M N P N O O N N ti ti N N M M N ti M C O m N O m m r 

r N N 0 ti m r m m N m 0 N N O N N N 0 O N 0 0 m m N N 0 0 0~ N N 0 0 N N^ O N 0 0 N 0 N M 0 m 0 m O N N M N O O m M T m r 

N N N . r r r r r r r r r r r r m m 0 N N N N N 

rn m m rn rn rn rn ...

m m m m m m m m m m m m m m m m m m m m m ^^^^^^ M^^^^ .........

ti ti ti

rn rn m m m rn m rn rn m rn rn m m rn m m m m m m m m m m rn m rn m rn'rn rn rn rn rn rn 

- - - - - - - - - - - - - - - - - - - - - - -- -- -- --

N N r m^ 0 P O O N N N r m M^ N^ r m^ O ti N N N M ti N ti N M^ N^ r m^ O ti N ti N M N^ r m m O ti N ti N M C N^ r m^ O N N ti N M^ N^ r m N M^ N^ ^ O N N N N M N

O O O O O O O ti ti ti 0 0 0 0 0 0 0 0 0 N N N O 0 0 0 0 0 0 0 0 ti ti ti 0 0 0 0 0 0 0 0 0 ti ti ti 0 0 0 0 0 0 0 0 0 N N ti 0 0 0 0 0 0 0 0 0 N ti N O 0 0 0 0 0 0 0 0^ N ti 0 

 EE-RM/STD-00-550 COMMENT 86 03/1985 9.77 04/1985 9.42 05/1985 9.01 06/1985 8.69 07/1985 8.81 08/1985 9.08 09/1985 9.27 10/1985 9.08 11/1985 8.54 12/1985 8.42 01/1986 8.08 02/1986 7.44 03/1986 7.08 04/1986 7.19 05/1986 7.54 06/1986 7.87 07/1986 7.51 08/1986 7.21 09/1986 7.11 10/1986 7.08 

11/1986 6.84 12/1986 6.87 

01/1987 6.66 02/1987 6.61 03/1987 6.65 04/1987 7.55 05/1987 8.00 06/1987 7.79 07/1987 7.72 08/1987 7.82 09/1987 8.26 

10/1987 8.70 11/1987 7.95 12/1987 7.96 

01/1988 7.69 02/1988 7.49 03/1988 7.74 04/1988 7.81 05/1988 7.91 06/1988 7.78 07/1988 7.76 08/1988 7.79 09/1988 7.66 

10/1988 7.46 11/1988 7.46 12/1988 7.61 

01/1989 7.35 02/1989 7.44 03/1989 7.59 04/1989 7.49 05/1989 7.25 06/1989 7.02 07/1989 6.96 08/1989 7.06 09/1989 7.26 

10/1989 7.22 11/1989 7.14 12/1989 6.98 

01/1990 7.10 02/1990 7.22 03/1990 7.29 04/1990 7.39 05/1990 7.35 06/1990 7.24 07/1990 7.19 08/1990 7.32 09/1990 7.43 

10/1990 7.49 11/1990 7.18 12/1990 7.09 

01/1991 7.08 02/1991 6.91 03/1991 7.10 04/1991 7.02 05/1991 6.95 06/1991 7.13 07/1991 7.05 08/1991 6.90 09/1991 6.80 

10/1991 6.68 11/1991 6.73 12/1991 6.69 

01/1992 6.54 
^ o 0 0 0 0 0^^ r o o O o 0 0 0 0 o^^^ o 0 

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

--- ---------

-

0 

N N N O O J U- W N N N N T U- W N N N N - U- W N N N N O- W J- U W N N N N O W J U- W N N N - J- U- W N N N N O- W J T U- W 

N N N N N N N N N N N N N N N N N N N N N N N N N N

.... O O O O O O O O O O O O O O OO O O O O w .. w w w w w .. r. ^ ^

N N N N N r N N N N N N N 0 0 0 0 0 0 0 0 0 0 0 0^^^^^^^^^^ ^^ W O O O W O O W O O W W J J J J J J J J J J J J T T T T^ m^^^^^^ U U U U U U U 

U U U U U U U U U U U U U^ U U^^ U U U U U U U U U U U U^ U^^ U U U U U U U U U U U U U U U U U U U U U U U U U^ U U U U U U

UUU U N U N U U U U ^^ T^ T U 

N N O O O N N N N N N N U U U O J W O O O M w U W W N N N N N N O N W W W W U J W J J U J O J O O O O O N N 

^ U^ U^ W O O^ J W^ O N^^^ N W O O U W O m U^ N^^^ J^ 0 0 W^ W W W^ O^ N O W N O^^ W W O N U W O O^ W N^^ N J^ N N W^^ W W U^ O N^ N^ U N O 

04/1995 6.02 05/1995 5.95 06/1995 5.84 07/1995 5.92 08/1995 6.06 09/1995 5.91 

10/1995 5.80 11/1995 5.64 12/1995 5.45 

01/1996 5.43 

02/1996 5.43 

03/1996 5.79 04/1996 5.94 05/1996 5.98 06/1996 6.02 07/1996 5.92 08/1996 5.76 09/1996 5.87 

10/1996 5.72 11/1996 5.59 12/1996 5.64 

01/1997 5.72 02/1997 5.63 03/1997 5.76 04/1997 5.88 05/1997 5.70 06/1997 5.53 07/1997 5.35 

08/1997 5.41 09/1997 5.39 

10/1997 5.38 11/1997 5.33 12/1997 5.19 

01/1998 5.06 02/1998 5.10 03/1998 5.21 04/1998 5.23 05/1998 5.20 06/1998 5.12 07/1998 5.14 

08/1998 5.10 09/1998 4.99 

10/1998 4.93 11/1998 5.03 12/1998 4.98 

01/1999 5.01 

02/1999 5.03 03/1999 5.10 04/1999 5.08 05/1999 5.18 06/1999 5.37 07/1999 5.36 08/1999 5.58 09/1999 5.69 

10/1999 5.92 11/1999 5.86 12/1999 5.95 

01/2000 6.08 02/2000 6.00 03/2000 5.83 04/2000 5.75 

OS/20.00 6.00 

06/2000 5.80 07/2000 5.63 

08/2000 5.51 09/2000 5.56 

10/2000 5.59 

11/2000 5.54 12/2000 5.22 

01/2001 5.10 02/2001 5.18 03/2001 5.13 04/2001 5.27 

OS/2001 5.29 

06/2001 5.20 07/2001 5.20 08/2001 5.03 09/2001 5.09 

10/2001 5.05 11/2001 5.04 12/2001 5.25 

01/2002 5.16 

60f7 6/8/2005 5:33 PM 
0 0 0 0 0 0 0 0 

- W N N N N O- O U W N N N 

\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 

N N N N N N N N N N N N N N N N N N N N 

0 0 0 0 0 0 0 0 0 0 0 0 

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

W W W W^^^^^^^^^^^^ W W W W W W W 

a W W N,N N J O O O O 01 01 J W 

^ J W N O N^^ O J W J N N W N N W^ N 

0912003 4.92 

10/2003 4.89 11/2003 4.73 12/2003 4.65 

01/2004 4.61 

02/2004 4.55 

0312004 4.41 

04/2004 4.82 

OS/2004 5.07 

06/2004 5.05 

07/2004 4.87 08/2004 4.70 09/2004 4.56 

10/2004 4.49 11/2004 4.52 

1212004 4.48 

01/2005 4.41 02/2005 4.35 03/2005 4.57 

04/2005 4.46 

70f7 6/8/2005 5:33 PM