Interest Rates And Bond Yields - Statistical Data Included

Economic Indicators, Jan, 2000

Interest rates rose in January.

[GRAPH OMITTED]

[Percent per annum]
                        U.S. Treasury security yields

                    3-month         Constant maturities(2)
   Period          bills (new
                   issues)(1)    3-year     10-year     30-year

1990                  7.51        8.26        8.55        8.61
1991                  5.42        6.82        7.86        8.14
1992                  3.45        5.30        7.01        7.67
1993                  3.02        4.44        5.87        6.59
1994                  4.29        6.27        7.09        7.37
1995                  5.51        6.25        6.57        6.88
1996                  5.02        5.99        6.44        6.71
1997                  5.07        6.10        6.35        6.61
1998                  4.81        5.14        5.26        5.58
1999                  4.66        5.49        5.65        5.87
1999: Jan             4.34        4.61        4.72        5.16
      Feb             4.45        4.90        5.00        5.37
      Mar             4.48        5.11        5.23        5.58
      Apr             4.28        5.03        5.18        5.55
      May             4.51        5.33        5.54        5.81
      June            4.59        5.70        5.90        6.04
      July            4.60        5.62        5.79        5.98
      Aug             4.76        5.77        5.94        6.07
      Sept            4.73        5.75        5.92        6.07
      Oct             4.88        5.94        6.11        6.26
      Nov             5.07        5.92        6.03        6.15
      Dec(r)          5.23        6.14        6.28        6.35
2000: Jan             5.34        6.49        6.66        6.63

Week ended:
2000: Jan 8           5.36        6.39        6.56        6.58
         15           5.24        6.48        6.66        6.66
         22           5.35        6.53        6.77        6.73
         29           5.39        6.54        6.68        6.57
      Feb 5           5.56        6.63        6.58        6.33

                   High-
                   grade                    Prime
                 municipal                  commer-
                  bonds       Corporate     cial
                 (Standard      Aaa        paper        Discount
   Period           &          bonds         6          rate (N.Y.
                 Poor's)(3)   (Moody's)   months(1)   F.R. Bank)(4)

1990                7.25        9.32        7.95            6.98
1991                6.89        8.77        5.85            5.45
1992                6.41        8.14        3.80            3.25
1993                5.63        7.22        3.30            3.00
1994                6.19        7.96        4.93            3.60
1995                5.95        7.59        5.93            5.21
1996                5.75        7.37        5.42            5.02
1997                5.55        7.26        5.62            5.00
1998                5.12        6.53        (*)             4.92
1999                5.43        7.04        (*)             4.62
1999: Jan           5.04        6.24        (*)        4.50-4.50
      Feb           5.03        6.40        (*)        4.50-4.50
      Mar           5.10        6.62        (*)        4.50-4.50
      Apr           5.07        6.64        (*)        4.50-4.50
      May           5.17        6.93        (*)        4.50-4.50
      June          5.34        7.23        (*)        4.50-4.50
      July          5.36        7.19        (*)        4.50-4.50
      Aug           5.59        7.40        (*)        4.50-4.75
      Sept          5.70        7.39        (*)        4.75-4.75
      Oct           5.92        7.55        (*)        4.75-4.75
      Nov           5.85        7.36        (*)        4.75-5.00
      Dec(r)        5.93        7.55        (*)        5.00-5.00
2000: Jan           6.10        7.78        (*)        5.00-5.00

Week ended:
2000: Jan 8         6.06        7.73        (*)        5.00-5.00
         15         6.08        7.80        (*)        5.00-5.00
         22         6.12        7.88        (*)        5.00-5.00
         29         6.13        7.73        (*)        5.00-5.00
      Feb 5         6.10        7.65        (*)        5.00-5.25

                                                 New
                     Prime rate    Federal       home
   Period            charged by    funds       mortgage
                    banks(4)      rate(5)      yields
                                              (FHFB)(6)

1990                  10.01        8.10        10.05
1991                   8.46        5.69         9.32
1992                   6.25        3.52         8.24
1993                   6.00        3.02        7.2C
1994                   7.15        4.21         7.49
1995                   8.83        5.83         7.87
1996                   8.27        5.30        7.8C
1997                   8.44        5.46         7.71
1998                   8.35        5.35         7.07
1999                   8.00        4.97         7.04
1999: Jan        7.75-7.75         4.63         6.96
      Feb        7.75-7.75         4.76         6.92
      Mar        7.75-7.75         4.81         6.86
      Apr        7.75-7.75         4.74         6.85
      May        7.75-7.75         4.74         6.89
      June       7.75-7.75         4.76         7.03
      July       8.00-8.00         4.99         7.29
      Aug        8.00-8.25         5.07         7.09
      Sept       8.25-8.25         5.22         7.09
      Oct        8.25-8.25         5.20         7.17
      Nov        8.25-8.50         5.42         7.24
      Dec(r)     8.50-8.50         5.30         7.28
2000: Jan        8.50-8.50         5.45           ...

Week ended:
2000: Jan 8      8.50-8.50         4.72           ...
         15      8.50-8.50         5.62           ...
         22      8.50-8.50         5.59           ...
         29      8.50-8.50         5.43           ...
      Feb 5      8.50-8.75         5.66           ...