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

FEDERAL RESERVE statistical release

6.50 6.57 6.47 6.53 6.48 6.51 6.40 6.24

6.51 6.52 6.53 6.51 6.45 6.49 6.51 6.27

6.53 6.48 6.42 6.41 6.36 6.52 6.42 6.29

6.50 6.43 6.33 6.28 6.28 6.50 6.34 6.31

6.49 6.54 6.54 6.54 6.45 6.49 6.52 6.28

6.55 6.48 6.45 6.39 6.33 6.54 6.42 6.30

6.51 6.43 6.36 6.28 6.21 6.52 6.33 6.33

6.62 6.67 6.63 6.59 6.55 6.56 6.62 6.35

6.63 6.54 6.49 6.40 6.32 6.65 6.45 6.46

6.60 6.42 6.36 6.21 6.11 6.63 6.30 6.59

6.62 6.64 6.60 6.54 6.52 6.54 6.58 6.33

6.62 6.52 6.47 6.39 6.31 6.64 6.43 6.45

6.57 6.42 6.35 6.20 6.11 6.61 6.28 6.58

9.50 9.50 9.50 9.50 9.50 9.50 9.50 9.23

6.00 6.00 6.00 6.00 6.00 6.00 6.00 5.73

6.08 5.94 5.89 5.51 5.66 6.17 5.77 5.82

5.98 5.81 5.78 5.53 5.50 6.06 5.68 5.90

5.71 5.47 5.44 5.18 5.11 5.84 5.33 5.78

6.26 6.10 6.06 5.67 5.84 6.36 5.94 6.00

6.25 6.07 6.03 5.77 5.73 6.34 5.92 6.17

6.00 5.78 5.73 5.44 5.34 6.09 5.60 6.11

5.71 5.49 5.46 5.23 5.12 5.88 5.35 6.26

5.61 5.41 5.35 5.12 5.06 5.79 5.26 6.22

5.52 5.33 5.25 5.02 4.98 5.70 5.17 6.16

5.60 5.41 5.34 5.14 5.16 5.78 5.28 6.20

5.56 5.39 5.29 5.10 5.10 5.72 5.24 6.03

5.84 5.73 5.65 5.56 5.58 5.98 5.64 6.23

5.66 5.57 5.49 5.43 5.44 5.78 5.49 5.94

6.55 6.35 6.26 6.06 5.96 6.65 6.18 6.73

6.46 6.24 6.14 5.92 5.86 6.58 6.06 6.70

6.48 6.25 6.14 5.92 5.89 6.61 6.07 6.72

6.53 6.29 6.16 5.95 5.94 6.66 6.11 6.75

6.57 6.33 6.17 5.98 5.97 6.70 6.14 6.77

6.65 6.40 6.22 6.03 6.04 6.78 6.20 6.83

6.73 6.48 6.27 6.10 6.12 6.85 6.27 6.89

6.81 6.61 6.39 6.27 6.26 6.91 6.41 6.93

7.37 7.29 7.21 7.16 7.15 7.45 7.21 n.a.

8.19 8.10 8.03 7.95 7.97 8.28 8.02 n.a.

5.46 5.34 5.25 5.16 5.14 5.54 5.22 5.71

7.65 7.54 7.42 7.17 7.13 7.75 7.38 8.06

See overleaf for footnotes

Week Ending

Instruments Dec Dec Dec Dec Dec Nov Dec 2000

1 8 15 22 29

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 2, 2001

n.a. Not available
G.13 (415) Federal Reserve Board

Selected Interest Rates January 2, 2001

Yields in percent per annum

Fed Comm

funds paper Treasury bills Treasury constant maturities

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

Dec 1 6.60 6.51 6.05 5.93 5.60 6.23 6.19 5.93 5.62 5.55 5.46 5.56 5.52 5.82 5.64

Dec 4 6.57 6.52 6.00 5.88 5.56 6.15 6.13 5.88 5.59 5.51 5.45 5.56 5.53 5.84 5.66

Dec 5 6.51 6.53 5.91 5.81 5.48 6.08 6.07 5.79 5.49 5.43 5.36 5.45 5.43 5.76 5.59

Dec 6 6.48 6.51 5.92 5.78 5.42 6.09 6.04 5.72 5.42 5.34 5.26 5.33 5.32 5.68 5.52

Dec 7 6.49 6.51 5.94 5.80 5.44 6.11 6.06 5.74 5.45 5.35 5.26 5.34 5.32 5.67 5.51

Dec 8 6.47 6.54 5.92 5.79 5.47 6.09 6.04 5.77 5.50 5.41 5.32 5.39 5.35 5.71 5.55

Dec 11 6.49 6.54 5.91 5.81 5.49 6.08 6.06 5.79 5.52 5.43 5.33 5.42 5.37 5.71 5.54

Dec 12 6.43 6.50 5.89 5.80 5.49 6.06 6.06 5.79 5.54 5.42 5.33 5.42 5.36 5.70 5.53

Dec 13 6.47 6.54 5.89 5.77 5.45 6.06 6.03 5.74 5.45 5.34 5.24 5.33 5.29 5.64 5.48

Dec 14 6.53 6.54 5.89 5.76 5.41 6.06 6.01 5.70 5.43 5.31 5.19 5.28 5.23 5.60 5.45

Dec 15 6.58 6.54 5.85 5.74 5.37 6.02 5.99 5.65 5.38 5.26 5.15 5.24 5.20 5.59 5.44

Dec 18 6.50 6.56 5.78 5.69 5.31 5.95 5.94 5.58 5.33 5.21 5.10 5.19 5.17 5.59 5.44

Dec 19 6.47 6.53 5.76 5.68 5.31 5.93 5.93 5.58 5.35 5.23 5.12 5.22 5.19 5.61 5.47

Dec 20 6.47 6.51 5.66 5.58 5.20 5.82 5.82 5.46 5.24 5.12 5.00 5.13 5.08 5.55 5.42

Dec 21 6.48 6.52 5.24 5.41 5.08 5.38 5.64 5.33 5.14 5.04 4.94 5.10 5.03 5.53 5.41

Dec 22 6.44 6.45 5.13 5.30 5.01 5.27 5.52 5.25 5.10 5.02 4.93 5.07 5.02 5.52 5.40

Dec 25 6.44

Dec 26 6.58 6.49 5.61 5.53 5.07 5.85 5.76 5.31 5.10 5.00 4.92 5.09 5.04 5.54 5.41

Dec 27 6.53 6.44 5.59 5.45 5.09 5.75 5.68 5.32 5.10 5.04 4.99 5.17 5.11 5.58 5.45

Dec 28 6.53 6.46 5.71 5.55 5.16 5.87 5.79 5.40 5.18 5.12 5.02 5.21 5.13 5.59 5.44

Dec 29 5.41 6.40 5.73 5.47 5.11 5.89 5.70 5.32 5.11 5.06 4.99 5.16 5.12 5.59 5.46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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* Market closed

FOOTNOTES

1. The daily effective federal funds rate is a weighted average of rates on trades through N.Y. brokers.

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

14. 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.