United States yearbook - 1982 (1)

516 Banking, Finance, and Insurance
No. 852. Money Market Interest Rates: 1960 to 1982
[Percent per year. Annual averages ot monthly data, except as indicated. See also H is to ric a l S ta tis tic s , C o lo n ia l T im e s to 1970,
series X 444-453]
TYPE 1960 1965 1970 1974 1975 1976 1977 1978 1979 1980 1981
1962,
Jan.-
May1
Large negotiable certificates *
of deposit, 3-month, sac-
U.S. Government securities: *
3.22 4.07 7.18 10.50 5.82 5.04 5.54 7,93 11.19 13.36 16.38 14.41
(NA) (NA) 10.01 6.25 5.24 5.55 7.04 10,97 12.66 15.32 13,78
4.82 4.54 7.91 10.81 7.86 6.84 6.83 9.06 12.67 15.27 18.87 16.36
(NA) 8.52 11.04 7.03 5.58 6.03 8.78 11.96 14.00 16.79 14.93
3.54 4.21 7.18 8.65 6.15 5.20 5.49 7.80 10.47 11.49 14.08 13.00
3.51 4,22 7.31 9.89 6.29 5.19 5.60 8.11 11.04 12.78 15.32 13.70
(NA)
3-4
4.35 7.56 10.24 6.44 5.27 5.64 8.22 11.22 13.07 15.91 14.19
4 -4 % 5&-6 Z&-8 6-7X- 5K-6 5K-6 6-9 % 9&-12 10-13 12-14 12
2.87 3.95 6.39 7.83 5.77 4.97 5.27 7.19 10.07 11.43 14.03 12.65
3.20 4.06 6.48 7.94 6.09 5.25 5.53 7.58 10.06 11.37 13.80 12.84
3.41 4.08 6.46 7.70 6.28 5.52 5.71 7.74 9.75 10.89 13.14 12.56
2.05 2.35 4.35 4.75 3.91 3.12 2.91 4.15 5.34 6,25 7.92 97.76
NA Not available. 1Monthly average. aAverages of daily offering rates of dealers. 3 Placed directly; averages of daily
offering rates quoted by finance companies. Averages of the most representative daily offering rates of dealers. Beginning
Aug. 15, 1974, closing rates were used, and from Jan, 1, 1981, rates of top-rated banks only. “Federal Reserve Bank of New
York, low and high. The discount rates for 1S80 and 1981 do not include the surcharge applied to frequent borrowings by large
Institutions. The surcharge reached 3 percent In 1980 and 4 percent In 1981. Surcharge was eliminated in Nov. 1981.
8 Averages based on daily closing bid yields in secondary market, bank discount basis. ’ Averages based on quotations for
on® day each month. Source: Salomon Brothers, Inc., New York, N.Y., An A n a ly tic a l R e c o rd o f Y ie ld s a n d Y ie ld S p re a d s ,
*Jan.-June 1982.
Source: Except as noted, Board of Governors of the Federal Reserve System, F e d e ra l R e s e rv e B u lle tin , monthly, and A n n u a l
S ta tis tic a l D ig e s t,
No. 853. Federal Reserve Bank of New York—Discount Rates: 1973 to 1982
[Percent per year. See also H is to ric a l S ta tis tic s , C o lo n ia l T im e s to 1 9 7 0 , series X 454-455]
EFFECTIVE DATE RATE EFFECTIVE DATE RATE EFFECTIVE DATE RATE EFFECTIVE DATE RATE EFFECTIVE DATE RATE
1973: Jan. 15..... 5 1975: Jan. 10..... 7* 1970—Con. 1979-Con. 1980—Con.
Feb. 2 6 ....... 5X Feb. 5....... 6* May 11..... 7 Sept. 19.... 11 Dec. 5......... 13
May 4 ....... 6« Mar. 10..... 6% July 3........ n Oct. 8 ....... 12 1981:' May 5..... 14
May 11.__ 8 May 16__ 6 Aug. 2 1 ..... n . 1980:* Feb, 15.... 13 Nov. 2 — 13
June 11.... 6 K 1976: Jan. 19..... 5# Sept. 2 2 .... a May 30...... 12 Dec. 4....... 12
July 2 ........ 7 Nov. 2 2 .... 5X Oct. 1 6 ..... BK June 13.... 11 In effect June
Aug. 14..... 7X 1977: Aug. 31..... 53; Nov. 1...... 9J4 July 28...... 10 30.1982......... 12
1974: Apr. 25..... 8 Oct. 26.... 6 1979: July 20.... 10 Sept. 2 6 ..... 111
Dec. 9...... 7?« 1978: Jan, 9...... 6H Aug. 17.... 10& Nov. 17..... 12
1See table 852, footnote 5.
Source: Board of Governors of the Federal Reserve System, F e d e ra l R e s e rv e B u lle tin , monthly.
No. 854. Bank Effective Interest Rates for Commercial and Industrial Loans, Construction
and Land Development Loans, and Farm Loans, by Size of Loan: 1980 to 1982
[In percent. Represents loans made during the first full business week in May. Based on a stratified random sample of member
banks of the Federal Reserve System and nonmember banks, totaling approximately 340 banks]
TYPE AND SIZE OF LOAN 1980 1981 1982 TYPE AND SIZE OF LOAN I960 1961 1982
Commercial and Industrial loans:
Construction and land
Short-term............. 17.75 19.99 17.11 development loans..................... 18.32 19.09 17.80
$1,000 to $24,999........................ 17.90 19.45 18.51 $1,000 to $24,999 17.14 19.83 19.13
$25,000 to $49,999 18.78 19.87 18.56 $25,000 to $49,999......................... 15.68 19.06 1B.B1
$50,000 to $99,999
18.95 19.10 18.06 $60,000 to $99,999......................... 18.69 16.10 17.97
$100,000 to $499 999
18.49 19.93 17.77
$100,000 to $499,999...................... 19.56 20.74 18,45
$500,000 to $990,999................. 19.13 19.58
$500,000 and over........................... 16.99 19.35 16.98
17.98
$1 million and over...:.................. 17.10 20.14 16.94 Farm lo a n s .......... 17.38 17.88 17.77
Long-term............. ........................ 18.37 19.25 16.96
$1,000 to $9,999.............................
$10,000 to $24,999.........................
16.46
16.98
17.50
17.59
17.69
17.59
$1,000 to $99,9BS........... 18.26 19.22 18.80 $25,000 to $49,999......................... 17.10 17.67 17.59
$100,00 to $499,999........ 18.64 19.34 17.59 $50,000 to $99,999......................... 17.38 17.78 18.01
$500,000 to $999,909... 18.62 19.48 17.29 $100,000 to $249,999..................... 17.40 17.97 17.76
$1 million and over......... 18.30 19.23 16.69 $250,000 and over.......................... 18.14 18.46 17,91
Source: Board of Governors of the Federal Reserve System, F e d e ra l R e s e rv e B u lle tin , monthly.