Discontinuance of the G.13 

With this issue, the Federal Reserve is ceasing publication of the G.13 statistical release. 

The data reported on the G.13 are available elsewhere: 

• In a weekly release, the H.15, which is available in print and on the Board's web site 

(www.federalreserve.gov/releases/H15); 

• On the web only, in a daily update of the H.15 

(www.federalreserve.gov/releases/H15/update) and in the historical H.15 data 

(www.federalreserve.gov/releases/H15/data.htm). 
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 

Yields in percent per annum January 8, 2002 

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 

4-week 

3-month 

6-month 

Treasury constant maturities 11 

1-month 

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 13 

State & local bonds 13 

Conventional mortgages 14 

2.02 1.88 1.84 1.77 1.63 2.09 1.82 3.88 

1.91 1.76 1.82 1.89 1.74 2.03 1.84 3.78 

1.84 1.74 1.78 1.79 1.73 2.00 1.79 3.68 

1.85 1.73 1.78 1.80 1.78 1.97 1.78 3.65 

1.89 1.77 1.84 1.85 1.77 2.04 1.83 3.80 

1.87 1.76 1.80 1.82 1.77 2.02 1.81 3.71 

1.87 1.76 1.80 1.81 1.77 2.00 1.81 3.65 

1.98 1.84 1.89 1.90 1.81 2.08 1.90 3.84 

1.88 1.79 1.82 1.84 1.80 2.03 1.83 3.71 

1.93 1.84 1.91 1.93 1.91 2.03 1.90 3.66 

1.96 1.84 1.87 1.84 1.80 2.06 1.88 3.81 

1.89 1.80 1.83 1.82 1.80 2.03 1.84 3.70 

1.93 1.85 1.90 1.90 1.88 2.02 1.89 3.65 

5.00 4.96 4.75 4.75 4.75 5.10 4.84 6.91 

1.50 1.43 1.25 1.25 1.25 1.58 1.33 3.40 

1.74 1.66 1.66 1.70 1.69 1.96 1.69 2.43 

1.72 1.66 1.68 1.70 1.70 1.87 1.69 3.40 

1.80 1.73 1.77 1.80 1.79 1.88 1.78 3.34 

1.77 1.68 1.69 1.73 1.72 1.99 1.72 2.47 

1.75 1.69 1.71 1.73 1.73 1.91 1.72 3.48 

1.84 1.77 1.81 1.84 1.83 1.92 1.82 3.45 

2.21 2.17 2.23 2.28 2.24 2.18 2.22 3.49 

3.02 3.08 3.15 3.21 3.17 2.78 3.11 3.83 

3.51 3.60 3.68 3.74 3.69 3.22 3.62 4.09 

4.23 4.41 4.45 4.49 4.47 3.97 4.39 4.56 

4.70 4.91 4.91 4.95 4.93 4.42 4.86 4.88 

4.92 5.14 5.14 5.17 5.15 4.65 5.09 5.02 

5.63 5.83 5.79 5.81 5.83 5.33 5.76 5.63 

5.38 5.54 5.49 5.51 5.54 5.12 5.48 5.49 

2.47 2.38 2.44 2.49 2.45 2.40 2.44 3.87 

3.47 3.49 3.61 3.67 3.61 3.20 3.56 4.38 

4.17 4.27 4.42 4.48 4.40 3.84 4.33 4.80 

4.61 4.75 4.91 4.96 4.87 4.27 4.80 5.09 

4.90 5.08 5.23 5.26 5.18 4.57 5.11 5.30 

5.28 5.48 5.62 5.64 5.55 4.95 5.50 5.57 

5.60 5.81 5.94 5.95 5.87 5.25 5.82 5.81 

6.07 6.21 6.27 6.27 6.24 5.74 6.20 6.20 

7.04 6.73 6.65 6.66 6.67 6.97 6.77 7.08 

7.99 8.13 8.07 8.02 7.97 7.81 8.05 7.95 

5.21 5.26 5.26 5.26 5.26 5.04 5.25 5.15 

6.84 7.09 7.17 7.16 7.14 6.66 7.07 6.97 

Week Ending 

Instruments Dec Dec Dec Dec Jan Nov Dec 2001 

7 14 21 28 4 

See overleaf for footnotes 
G.13 (415) Federal Reserve Board 

Selected Interest Rates January 8, 2002 

Yields in percent per annum 

Fed Comm 

1-mo. 4-wk. 3-mo. 6-mo. 1-mo. 3-mo. 6-mo. 1-yr. 2-yr. 3-yr. 5-yr. 7-yr. 10-yr. 20-yr. 30-yr. 

funds paper Treasury bills Treasury constant maturities 

Dec 3 2.05 1.96 1.83 1.75 1.77 1.85 1.78 1.81 2.08 2.82 3.28 4.04 4.51 4.75 5.49 5.26 

Dec 4 1.93 1.96 1.78 1.71 1.76 1.81 1.74 1.80 2.07 2.81 3.30 3.99 4.46 4.70 5.43 5.22 

Dec 5 1.89 1.93 1.74 1.74 1.84 1.77 1.77 1.88 2.27 3.07 3.55 4.24 4.70 4.92 5.61 5.35 

Dec 6 1.87 1.89 1.70 1.72 1.87 1.73 1.75 1.91 2.35 3.19 3.70 4.38 4.83 5.04 5.72 5.47 

Dec 7 1.92 1.81 1.66 1.66 1.77 1.69 1.69 1.81 2.26 3.19 3.72 4.50 4.98 5.20 5.90 5.60 

Dec 10 1.90 1.76 1.65 1.68 1.75 1.68 1.71 1.79 2.17 3.10 3.63 4.46 4.95 5.17 5.86 5.58 

Dec 11 1.80 1.76 1.64 1.63 1.69 1.66 1.66 1.73 2.12 3.03 3.56 4.38 4.89 5.13 5.83 5.55 

Dec 12 1.81 1.76 1.67 1.64 1.70 1.69 1.67 1.74 2.13 2.97 3.48 4.29 4.78 5.02 5.74 5.47 

Dec 13 1.86 1.75 1.67 1.66 1.74 1.69 1.69 1.78 2.20 3.09 3.62 4.40 4.90 5.13 5.81 5.53 

Dec 14 1.88 1.79 1.67 1.70 1.77 1.70 1.73 1.81 2.22 3.20 3.73 4.52 5.01 5.24 5.89 5.59 

Dec 17 1.93 1.79 1.69 1.71 1.80 1.72 1.74 1.84 2.24 3.21 3.74 4.54 5.03 5.26 5.91 5.61 

Dec 18 1.71 1.80 1.69 1.68 1.77 1.72 1.71 1.81 2.24 3.13 3.66 4.46 4.93 5.16 5.81 5.52 

Dec 19 1.71 1.82 1.66 1.66 1.76 1.69 1.69 1.80 2.23 3.11 3.63 4.38 4.84 5.08 5.73 5.45 

Dec 20 1.79 1.84 1.64 1.66 1.75 1.67 1.69 1.79 2.22 3.15 3.67 4.42 4.86 5.08 5.73 5.43 

Dec 21 1.78 1.84 1.64 1.68 1.77 1.67 1.71 1.81 2.23 3.17 3.69 4.45 4.89 5.12 5.76 5.45 

Dec 24 1.68 1.94 1.63 1.69 1.78 1.66 1.72 1.83 2.24 3.22 3.74 4.49 4.95 5.18 5.81 5.49 

Dec 25 * 1.68 

Dec 26 1.89 1.96 1.74 1.72 1.83 1.77 1.75 1.87 2.34 3.26 3.80 4.55 5.00 5.22 5.84 5.52 

Dec 27 1.85 1.83 1.72 1.71 1.80 1.75 1.74 1.84 2.27 3.19 3.71 4.46 4.90 5.13 5.78 5.49 

Dec 28 1.54 1.82 1.70 1.69 1.79 1.73 1.72 1.83 2.26 3.16 3.69 4.46 4.93 5.15 5.82 5.54 

Dec 31 1.52 1.76 1.65 1.71 1.79 1.68 1.74 1.83 2.17 3.07 3.59 4.38 4.84 5.07 5.74 5.48 

* Market closed 

FOOTNOTES


1. The daily effective federal funds rate is a weighted average of rates on brokered trades. 

2.	 Weekly figures are averages of 7 calendar days ending on Wednesday of the current week; monthly figures include 

each calendar day in the month. 

3. Annualized using a 360-day year or bank interest. 

4. On a discount basis. 

5.	 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. 

6.	 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. 

7. An average of dealer offering rates on nationally traded certificates of deposit. 

8. Bid rates for Eurodollar deposits collected around 9:30 a.m. Eastern time. 

9.	 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. 

10. Rate for the Federal Reserve Bank of New York. 

11. Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury. 

12.	 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. 

13.	 Moody’s Aaa rates through December 6, 2001 are averages of Aaa utility and Aaa industrial bond rates. As of 

December 7, 2001, these rates are averages of Aaa industrial bonds only. 

14. Bond Buyer Index, general obligation, 20 years to maturity, mixed quality; Thursday quotations. 

15. 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.