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Wednesday, November 1, 1989 

The key U.S. and foreign annual interest rates below are a guide to general levels but don't always represent actual transactions. 

PRIME RATE: 10 1/2%.
The base rate on corporate loans at large U.S. money center commercial banks. 

FEDERAL FUNDS: 9 1/2% high, 8 3/4% low, 8 3/4% near closing bid, 9% offered.
Reserves traded among commercial banks for overnight use in amounts of $1 million or more.
Source: Fulton Prebon (U.S.A.) Inc. 

DISCOUNT RATE: 7%.
The charge on loans to depository institutions by the New York Federal Reserve Bank. 

CALL MONEY: 9 3/4%.
The charge on loans to brokers on stock exchange collateral. 

COMMERCIAL PAPER placed directly by General Motors Acceptance Corp.: 8.55% 30 to 44 days; 8.25% 45 to 59 days; 8.45% 60 to 89 days; 8% 90 to 119 days; 7.90% 120 to 149 days; 7.80% 150 to 179 days; 7.55% 180 to 270 days. 

COMMERCIAL PAPER: High-grade unsecured notes sold through dealers by major corporations in multiples of $1,000: 8.65% 30 days; 8.575% 60 days; 8.50% 90 days. 

CERTIFICATES OF DEPOSIT: 8.07% one month; 8.06% two months; 8.04% three months; 7.95% six months; 7.88% one year.
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.
The minimum unit is $100,000.
Typical rates in the secondary market: 8.60% one month; 8.55% three months; 8.35% six months. 

BANKERS ACCEPTANCES: 8.50% 30 days; 8.48% 60 days; 8.30% 90 days; 8.15% 120 days; 8.07% 150 days; 7.95% 180 days.
Negotiable, bank-backed business credit instruments typically financing an import order. 

LONDON LATE EURODOLLARS: 8 3/4% to 8 5/8% one month; 8 13/16% to 8 11/16% two months; 8 3/4% to 8 5/8% three months; 8 5/8% to 8 1/2% four months; 8 1/2% to 8 7/16% five months; 8 1/2% to 8 3/8% six months. 

LONDON INTERBANK OFFERED RATES (LIBOR): 8 3/4% one month; 8 3/4% three months; 8 1/2% six months; 8 7/ 16% one year.
The average of interbank offered rates for dollar deposits in the London market based on quotations at five major banks. 

FOREIGN PRIME RATES: Canada 13.50%; Germany 9%; Japan 4.875%; Switzerland 8.50%; Britain 15%.
These rate indications aren't directly comparable; lending practices vary widely by location. 

TREASURY BILLS: Results of the Monday, October 30, 1989, auction of short-term U.S. government bills, sold at a discount from face value in units of $10,000 to $1 million: 7.78% 13 weeks; 7.62% 26 weeks. 

FEDERAL HOME LOAN MORTGAGE CORP. (Freddie Mac): Posted yields on 30-year mortgage commitments for delivery within 30 days. 9.82%, standard conventional fixed-rate mortgages; 8.25%, 2% rate capped one-year adjustable rate mortgages.
Source: Telerate Systems Inc. 

FEDERAL NATIONAL MORTGAGE ASSOCIATION (Fannie Mae): Posted yields on 30 year mortgage commitments for delivery within 30 days (priced at par) 9.75%, standard conventional fixed-rate mortgages; 8.70%, 6/2 rate capped one-year adjustable rate mortgages.
Source: Telerate Systems Inc. 

MERRILL LYNCH READY ASSETS TRUST: 8.64%.
Annualized average rate of return after expenses for the past 30 days; not a forecast of future returns. 

