Attachment 1
FR13; H.15 Reiéieee8e0Z»:ev18898.2—N1{l48»Ju11030,me0$ 202-2 Filed O7/O3/2008 Page 2 ef 4 Page 1 613
Ferierel Re8erve—81e.11e41.e.e.l Release I ___. _ 1 s— ,_
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Release Date: June 30, 2008
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FEDERAL RESERVE STATISTICAL RELEASE
H.l5 (519) SELECTED INTEREST RATES `
For uee at 2:30 p.m. Eastern Time
Yields in percent per annum June 30, 2008
‘ 2008 2008 2008 2008 2008 week Ending 2
Instruments Jun Jun Jun Jun Jun Jun Jun M
l . 23 24 25 26 27 27 20
Federal funds (effective) 1 2 3 1.98 1.93 1.97. 2.05 _ 1.99 1.97 1.98 1
Commercial Paper 3 4 5
Nonfinancial
1~month 2.17 2.16 2.22 2.16 2.16 2.17 2.17 1
2—month 2.22 n.a. 2.23 2.21 n.e. 2.22 2.18 2
3—montn _ ` 2.29 n.e. 2.27 2.30 2.33 2.30 2.24 2
Financ1e1
1~montn 2.33 2.36 2.33 2.37 2.41 2.36 2.37 2
2—month 2.53 2.65 2.57 2.58 2.56 2.58 2.58 2
3~month 2.70 2.78 2.72 2.83 2.71 2.75 2.75 2
CDS {secondary market) 3 6 ‘
1-month 2.52 2.52 2.53 2.55 2.58 2.54 2.52 2
3—month 2.80 2.80 2f80 2.80 2.82 2.80 2.80 2
6~month 3.18 3.17 3.14 3.12 3.15 3.15 3.19 2
Eurcdollar deposits (London) 3 7
1~month 2.70 2.70 2.70 2.70 2.65 n 2.69 2.71 2
3—montn 3.00 3.00 3.00 3.00 3.00 3.00 3.02 2
6—month 3.30 3.35 3.35 3.30 3.25 3.31 3.36 2
Bank prime loan 2 3 8 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5
Discount window primary credit 2 9 2.25 2.25 2.25 2.25 2.25 2.25 2.25 2
U.S. government securities
Treasury bills Ieeccndary market) 3 4 .
4—week 1.49 1.56 1.46 1.39 1.25 1.43 1.66 1
3—montn 1.85 1.80 1.78 1.70 1.64 1.75 1.92 1
6—month 2.26 2.20 2.17 2.11 2.07 2.16 2.25 1
1—yeer 2.47 2.43 2.38 2.30 2.26 2.37 2.48 n
Treasury constant maturities
Nomina1 10
1—month 1.55 1.58 1.49 1.42 1.29 1.47 1.70 1
3—menth 1.87 1.83 1.81 1.74 1.68 1.79 1.95 1
6~month 2.31 2.25 2.22 2.16 2.12 2.21 2.31 1
1~year 2.57 2.53 2.48 2.39 2.35 2.46 2.57 2
2~year 2.98 2.87 2.82 2.68 2.65 2.80 2.94 2
3·year 3.27 3.14 3.11 2.97 2.92 3.08 3.24 2
5~year 3.65 3.52 `3.54 3.44 3.36 3.50 3.64 3
7-year 3.87 3.76 3.78 3.69 3.62 3.74 3.87 3
lO~ye&I 4.19 4.10 4.12 4.07 3.99 4.09 4.20 3
20~year 4.77 4.70 4.72 4.67 4.58 4.69 4.81 4
30—year 4.71 4.65 4.65 4.62 4.53 4.63 4.75 4
Inflation indexed 11 `
http://wwwfederalreserve.g0v/releases/111 5/Cu1·r0nt/ 7/2/2008
‘ FRE; H.15 Rel§ia8e&3—;K&Zr@;V1B&9&;2{Vl{id;A-Jr11{&dUl1r21@®H 202-2 Filed 07/03/2008 Page 3 of 4 Page 2 of 3
5—year 1.09 0.95 0.97 0.80 0.74 0.91 1.08 0
7-year 1.48 1.36 1.37 1.26 1.18 1.33 1.46 1
10-year 1.75 1.64 1.65 1.55 1.48 1.61 1.73 1
20-year 2.24 2.17 2.18 2.10 2.05 2.15 2.24 2
lnflation—indexed long-term average 12 2.25 2.17 2.18 2.10 2.06 2.15 2.24 2
Interest rate swaps 13
1—year 3.33 3.33 3.34 3.19 3.14 3.27 3.38 2
2—year 3.80 3.81 3.83 3.62 3.56 3.72 3.85 3
3-year 4.13 4.15 4.17 3.97 3.92 4.07 4.18 3
4—year 4.35 4.35 4.38 4.20 4.15 4.28 4.40 3
5—year 4.48 4.48 4.52 4.34 4.29 4.42 4.53 3
7-year 4.66 4.66 4.70 4.55 4.51 4.62 4.71 4
10-year 4.84 4.84 4.87 4.75 4.70 4.80 4.88 4
30-year 5.14 5.14 5.17 5.07 6.02 5.11 5.18 4
Corporate bonds
Moody’s seasoned
Aaa 14 5.73 5.68 5.67 5.67 5.61 5.67 5.74 5
Baa 7.12 7.08 7.08 7.07 7.03 7.08 7.14 6
State & local bonds 15 . 4.83 4.83 4.76 4
Conventional mortgages 16 6.45 6.45 6.42 6
n.a. Not available. . n
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; mo
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). The 1-, 2-, and 3—month rates are equivalent
30-, 60-, and 90-day dates reported on the 8oard's Commercial Paper Web page
{www.federalreserve.gov/releases/cp/).
6. An average of dealer bid rates on nationally traded certificates of deposit.
7. Eid rates for Eurodollar deposits collected around 9:30 a.m. Eastern time.
8. 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 busine
loans.
9. The rate charged for discounts made and advances extended under the Federal Reserve's prim
credit discount window program, which became effective January 9, 2003. This rate replaces th
adjustment credit, which was discontinued after January 8, 2003. For further information, see
www.federalreserve.gov/boarddocs/press/bcreg/2002/200210312/default.ntm. The rate reported is
for the Federal Reserve Bank of New York. Historical series for the rate on adjustment credit
well as the rate on primary credit are available at www federalreserve.gov/releases/h15/data.
10. Yields on actively traded non-inflation—indexed issues adjusted to constant maturities. T
30-year Treasury constant maturity series was discontinued on February 18, 2002, and reintrod
on February 9, 2006. From February 18, 2002, to February 9, 2006, the U.S. Treasury published
factor for adjusting the daily nominal 20-year constant maturity in order to estimate a 30-ye
nominal rate. The historical adjustment factor can be found at
www.treas.gov/offices/domestic-finance/debt-management/interest-rate/ltcompositeindex_histori
Source: U.S. Treasury.
http://wwvvfederalressrve.g0v/releases/in15/Cunent/ _ 7/2/2008
FRE; H.l5 Rei¤£§aee$:K&Ere3/¥0&9@2{Vl1ldA-.IurQel1lgrne
Source: U.S. Treasury. Additional information on both nominal and inflation—indexed yields ma
found at www.treas.gov/offices/domesticefinance/debt~management/interest—rate/index.html.
12. Based on the unweighted average bid yields for all TIPS with remaining terms to maturity
more than l0 years.
13. International Swaps and Derivatives Association (ISDA(R)) mid~market par swap rates. Rate
rar a Fixed Rate Payer in return for receiving three month LIBOR, and are based on rates coll
at 11:00 a.m. Eastern time by Garban Intercapital plc and published on Reuters Page ISDAFIX(R
ISDAFIX is a registered service mark of ISDAJ Source: Reuters Limited.
14. Moody's Aaa rates through December 6, 2001, are averages of Aaa utility and Aaa industria
rates. As of December 7, 2001, these rates are averages of Aaa industrial bonds only.
15. Bond Buyer Index, general obligation, 20 years to maturity, mixed quality; Thursday quota
16. Contract interest rates on commitments for fixed~rate first mortgages. Source: FHLMC.
Note: Weekly and monthly figures on this release, as well as annual figures available on the
Board‘s historical H.l5 web site {see below), are averages of business days unless otherwise
Current and historical H.15 data are available on the Federal Reserve Board’s web site
(www.federalreserve.gov/). For information about individual copies or subscriptions, contact
Publications Services at the Federal Reserve Board (phone 202—452~3244, fax 202~728e58B6). Fo
electronic access to current and historical data, call STAT~USA at 1~S00~782~SB72 or 202~4B2—
Description of the Treasury Nominal and Inflation-Indexed Constant Maturity Series
Yields on Treasury nominal securities at "constant maturity" are interpolated by the U.S. Tre
from the daily yield curve for non-inflation—indexed Treasury securities. This curve, which r
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. Th
constant maturity yield values are read from the yield curve at fixed maturities, currently 1
and 6 months and l, 2, 3, 5, 7, l0, 20, and 30 years. This method provides a yield for a l0—y
‘maturity, for example, even if no outstanding security has exactly lG years remaining to matu
similarly, yields on inflation~indexed securities at "constant maturity" are interpolated fro
daily yield curve for Treasury inflation protected securities in the over~theecounter market.
inflation—indexed constant maturity yields are read from this yield curve at fixed maturities
currently 5, 7, 10, and 20 years.
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Lastupdate:June30,2UOS
http://www.fede1"ah·eserve.gev/releases/h15/Cu1·rent¢' 7/2/2008
Case 3:07-cv-02952-WHA
Document 202-2
Filed 07/03/2008
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Case 3:07-cv-02952-WHA
Document 202-2
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Case 3:07-cv-02952-WHA
Document 202-2
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