| [{"text": "Tuesday, October 17, 1989"}, {"text": "The key U.S. and foreign annual interest rates below are a guide to general levels but don't always represent actual transactions."}, {"text": "PRIME RATE: 10 1/2%."}, {"text": "The base rate on corporate loans at large U.S. money center commercial banks."}, {"text": "FEDERAL FUNDS: 8 11/16% high, 8 5/8% low, 8 5/8% near closing bid, 8 11/16% offered."}, {"text": "Reserves traded among commercial banks for overnight use in amounts of $1 million or more."}, {"text": "Source: Fulton Prebon (U.S.A.) Inc."}, {"text": "DISCOUNT RATE: 7%."}, {"text": "The charge on loans to depository institutions by the New York Federal Reserve Bank."}, {"text": "CALL MONEY: 9 3/4% to 10%."}, {"text": "The charge on loans to brokers on stock exchange collateral."}, {"text": "COMMERCIAL PAPER placed directly by General Motors Acceptance Corp.: 8.40% 30 to 44 days; 8.325% 45 to 59 days; 8.10% 60 to 89 days; 8% 90 to 119 days; 7.85% 120 to 149 days; 7.70% 150 to 179 days; 7.375% 180 to 270 days."}, {"text": "COMMERCIAL PAPER: High-grade unsecured notes sold through dealers by major corporations in multiples of $1,000: 8.50% 30 days; 8.40% 60 days; 8.375% 90 days."}, {"text": "CERTIFICATES OF DEPOSIT: 8.05% one month; 8.02% two months; 8% three months; 7.98% six months; 7.95% one year."}, {"text": "Average of top rates paid by major New York banks on primary new issues of negotiable C.D.s, usually on amounts of $1 million and more."}, {"text": "The minimum unit is $100,000."}, {"text": "Typical rates in the secondary market: 8.50% one month; 8.50% three months; 8.45% six months."}, {"text": "BANKERS ACCEPTANCES: 8.38% 30 days; 8.28% 60 days; 8.23% 90 days; 8.13% 120 days; 8.03% 150 days; 7.93% 180 days."}, {"text": "Negotiable, bank-backed business credit instruments typically financing an import order."}, {"text": "LONDON LATE EURODOLLARS: 8 5/8% to 8 1/2% one month; 8 9/16% to 8 7/16% two months; 8 9/16% to 8 7/16% three months; 8 1/2% to 8 3/8% four months; 8 7/16% to 8 5/ 16% five months; 8 7/16% to 8 5/16% six months."}, {"text": "LONDON INTERBANK OFFERED RATES (LIBOR): 8 5/8% one month; 8 9/16% three months; 8 7/16% six months; 8 7/16% one year."}, {"text": "The average of interbank offered rates for dollar deposits in the London market based on quotations at five major banks."}, {"text": "FOREIGN PRIME RATES: Canada 13.50%; Germany 8.50%; Japan 4.875%; Switzerland 8.50%; Britain 15%."}, {"text": "These rate indications aren't directly comparable; lending practices vary widely by location."}, {"text": "TREASURY BILLS: Results of the Monday, October 16, 1989, auction of short-term U.S. government bills, sold at a discount from face value in units of $10,000 to $1 million: 7.37% 13 weeks; 7.42% 26 weeks."}, {"text": "FEDERAL HOME LOAN MORTGAGE CORP. (Freddie Mac): Posted yields on 30-year mortgage commitments for delivery within 30 days. 9.88%, standard conventional fixed-rate mortgages; 7.875%, 2% rate capped one-year adjustable rate mortgages."}, {"text": "Source: Telerate Systems Inc."}, {"text": "FEDERAL NATIONAL MORTGAGE ASSOCIATION (Fannie Mae): Posted yields on 30 year mortgage commitments for delivery within 30 days (priced at par) 9.80%, standard conventional fixed-rate mortgages; 8.70%, 6/2 rate capped one-year adjustable rate mortgages."}, {"text": "Source: Telerate Systems Inc."}, {"text": "MERRILL LYNCH READY ASSETS TRUST: 8.50%."}, {"text": "Annualized average rate of return after expenses for the past 30 days; not a forecast of future returns."}] |