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Market Interest Rates and certain Market Data

 

for week beginning 10/11/2004

Rates as of 2/8/2005 through Walnut Street Securities, Inc. (per www.walnutstreet.com) as examples of rates for brokered CDs.

3 mos - 2.40%   6 mos - 2.70% 9 mos - 2.95%   1 year - 3.10% 18 months - 3.40% 2 years - 3.50%

3 years - 3.80% 4 years - 4.00% 5 years - 4.15% 6 years - sold 7 years - 4.20% 10 years - 4.40%

 

 

 

 

CD yields (higher than rates) for Chase per Chase phone line direct at 1.800.CHASE24.(for account holders. If customer has over $25,000 in checking or $50,000 in combined assets, then call 1.800.216.2700 for higher rates.) Or get yields via internest site at www. chase.com, then click "savings", then applicable geographical area. Customers who have Better Banking and Select Banking and meet the indicated minimum opening balances can get the following yields.

Per website www.chase.com at 10/13/2004 (obtained 10/14/04) (for Downstate NY) (with minimum opening balances in parantheses) 3 - month - 1.05% ($1,000) 3 - month - 1.10% ($25,000) 3 - month - 1.10% ($50,000) 3 - month - 1.10% ($100,000) 6 - month - 1.10% ($1,000) 6 - month - 1.20% ($25,000) 6 - month - 1.25% ($50,000) 6 - month - 1.25% ($100,000) 7 - month - 1.25% - ($1,000) 9 - month - 1.50% - ($10,000 12 - month - 1.60% - ($1,000) 12 - month - 1.70% - ($25,000) 12 - month - 1.75% - ($100,000) 13 - month - 1.85% ($1,000)) 15 - month - 2.00% - ($10,000) Chase Smart Rate CD - 2.25% Can up the effective rate (Call about this) 24 - month - 2.75% ($1,000) 30 - month - 2.85% ($1,000) 36 - month - 3.10% ($1,000) 48 - month - 3.50% ($1,000) 60 - month - 3.75% ($1,000)

CD Yields for Capital One Bank per website at www.capitalone.com.

(Call FMC at 914.381.3737, or direct to Capital One at 1.800.955.7070 (weekdays 8-8, or Saturdays 8-2, eastern time). Minimum deposit - $10,000.

Yields obtained on 10/14/2004

1 month - 1.34%

2 months -1.44%

3 months - 2.13%

6 months - 2.44%

1 year - 2.86%

18 months - 2.96%

2 yrs - 3.36%

30 months - 3.49%

3 yrs - 3.78%

4 yrs - 3.92%

5 yrs - 4.41%

7 yrs - 4.64%

10 yrs - 5.12%

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Info at 10/14/2004 for E*Trade Bank (per www.etradebank.com) or by calling 1.800.ETBank1

Money market accounts (FDIC insured) -Balances of $0 to $999.99 - 0.30%, $1,000 and over- 1.02%, ) . Money Market Plus (with $15,000 minimum to $50,000 - 1.02%, over $50,000 - 1.22%)

The following are annual percentage yields:

3 months - 1.61%

6 months -1.92%

1 year - 2.28%

15 months - 2.12%

1.5 years - 2.35%

2 years - 2.79%

3 years - 3.10%

5 years - 4.18%

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Info at 10/14/2004 for ING Direct (Wilmington, DE) per www.ingdirect.com: (1.800.464.3473). (No fees and no minimums. Penalties if withdrawn are generally one-half of the interest that was accrued on your deposit since the account was opened or renewed).

The Orange Savings Account (FDIC insured) (no fees, no minimum), accrued daily, compounded monthly to give an annual yield of 2.20%

Certificates of Deposit - annual percentage yields:

1 year - 2.50%

2 years - 2.875%

3 years - 3.35%

4 years - 3.90%

5 years - 4.00%

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Equity-linked CDs - Click here.

Click here for the page published in the newspaper.

Click here for the pages published in the newspaper.

 Chase (c) (s) (t) (y) - www.chase.com

 Citibank (v) - www.citibankonline.com

 Bank of New York (c) (k) (u) - www.bankofny.com

Fleet (d) - Tel 800-225-5353)

HSBC Bank USA - Tel 914.353.7420

E*Trade Bank - yield (w) - www.etradebank.com

Union State Bank (Tel 914 637 3670) 

First Union Bank, Thornwood

For comparison to CDs - Below are various rates and yields in the marketplace such as money market funds, both taxable and tax-free, at 10/13/2004 per Walnut Street Securities, Inc. (netxpro.com, market reports, rateboard)
Pershing- Money market rate	0.30%
Pershing- Base Lending Rate	5.250%
Alliance Bernstein Taxable Money Funds - 7-day yield at 10/13/2004
AllianceBernstein Capital Reserves	0.72%
Pershing Government Account	0.68%
Alliance Treasury Reserves	?%
Alliance Money Reserves	?%
Alliance Institutional Reserves-Prime B (AIPB) (special for jumbo, with $1 million minimum - )	0.98% (7 day yield) and 1.0% (30 day yield) on 6/15/03
Alliance Tax-free Municipal Trust:
General Portfolio	0.??%
California Portfolio	0.??%
Connnecticut Portfolio	0.56%
Florida Portfolio	0.??%
Massachusetts Portfolio	0.??%
AllianceBernstein NJ Tax Free - ANJ	0.53%
AllianceBernstein NY Muni Trust- ANY	0.54%
Pershing credit interest (on cash balances)	0.?%

For comparison to CDs - Yields on Treasury issues at 10/13/2004
Type of issue		Per 10/14/04 bloomberg.com, except for those marked Netxpro which are per netxpro.com - market reports, rateboard
3 month T- Bill		1.71%
6 month T- Bill		1.98%
1-year T- Bill		2.0%(Netxpro-10/13/04)
2 yr T-Note		2.492%
5 yr T-Note		3.30%
10 yr T-Note		4.06%
30 year Bond		4.86%

For comparison to CDs - Government agency bonds and notes and Corporate notes ($10K) Walnut Street Securities, Inc. .at dates indicated (per fax of Taxable Fixed Income Items and bonds on 7/23/2004) Treasury Strip offerings on 7/23/2004  Item  Coupon Maturity Yield-to-maturity Price Gross Sales Credit per $1000? Treasury Strip 0% 11/15/2004 0.295% 99.91 $3.00 Treasury Strip 0% 11/15/2008 23.429% 86.39 $6.25 Treasury Strip 0% 11/15/2013 4.553% 65.78 $6.25 Treasury Strip 0% 11/15/2020 5.350% 42.28 $6.25 Treasury Strip 0% 11/15/2027 5.482% 28.35 $3.75
Issuer	Moody's rating	S&P rating	Coupon rate	Frequency	Yield	Maturity	Callable	Price
U.S. Government bond and notes as of 7/23/2004 (after commissions)
Freddie Mac notes	Aaa	NR	3.875%	semiannual	4.298% (YTCall same-7/28/04@100)	6/4/2010	Yes	96.625
Fannie Mae- Fannie notes	Aaa	AAA	3.000%	semiannual	4.380 (YTCall-same-8/2/04@100)	12/23/2010	Yes	96.250
Freddie Mac notes	Aaa	AAA	4.000%	semiannual	4.966% (YTCall-same-7/28/04@100)	5/15/2013	Yes	93.125
Fannie Mae- Fannie notes	Aaa	AAA	5.375%4.400%	semiannual	5.090%(YTCall-same-12/3/04@100)	6/3/2013	Yes	95.125
Corporate bonds as of 7/23/2004 (before commissions)
Morgan Stanley & Co. Inc.	Aa3	A+	4.250%	semiannual	4.444%	5/15/2010	N/C	99.011
Verizon PA Inc.	Aa3	A+	5.650%	semiannual	4.973%	11/15/2011	N/C	104.094
Merrill Lynch Co. Inc. Mtn Be	Aa3	A+	5.000%	semiannual	5.119%	2/3/2014	NC	99.110
Wyeth	Baa1	AA-	6.450%	semiannual	6.474%	2/1/2024	NC	99.731

Various other Info items (per Walnut Street Securities, Inc.. (netxpro.com, market reports, rateboard)	Pre 9/11/01 attack (Closing prices at 9/10/2001)	Closing prices at 10/13/2004 (per bloomberg.com)
Prime rate	6.50%	4.75%
Pershing-based lending rate	?	5.250 %
Discount rate	3.00%	2.75% (per netxpro.com)
3 month Libor	?	2.07%
Federal funds rate	3.50%	1.75% (per netxpro.com)
Gold (London spot), troy oz.	$304.25	$411.25
Silver (London spot), troy oz.	$4.46	$6.785
Oil (W.Tx.Int.crude), barrel	$26.18	$53.65
Currency rates per US dollar:	Closing at Friday 9/7/2001	Closing prices at 10/14/2004 - 9:27am(per bloomberg.com)
Euro	1.1031	0.8077
Japanese Yen	120.18	109.465
German Mark	2.1577	n/a
Mexican Peso	9.3560	11.3095
British Pound	0.5557	0.54924
French Franc	7.2365	n/a
Canadian Dollar	1.2537	1.33422
Stock indexes at close of 9/10/2001 (Monday) per marketwatch.com:	Closing at Monday 9/10/2001	Symbol
Dow Jones Industrial Average	9,605.51	DJIA
Dow Jones Transportation Average	2,676.49	DJTA
Dow Jones Utilities Average	335.48	DJUA
S&P 500 Index	1,092.54	SPX
S&P 100 Index	1,092.54	OEX
Nasdaq Composite Index	1,695.38	COMP
Nasdaq Computer Index	802.24	IXCO
CBOE Nasdaq 100 Index	1,365.39	NDX
Russell 3000 Index	601.18	RUA
Russell 2000 Index	440.73	RUT
Russell 1000 Index	575.57	RUI
NYSE Composite Index	568.08	NYA
Amex Composite	855.35	XAX
Amex S&P Midcap 400 Index	467.16	MID

 For comparison to CDs - Tax-free bonds (NY and non-NY, AAA insured, noncallable with maturities of between 5 and 15 years)

List of various tax-free bonds (from NY and non NY)

 

Tax-free bonds - Grid of yields by year for AAA muni yields per www.Bloomberg.com

 

Tax-free bonds - Grid of yields by year among safety rankings and AAA muni yields as a % of US Govt. yields.

 

(a) - All banks are FDIC insured

(a1) - $1,000 minimum

(b) - V - # (Ranked by Veribanc for safety #0 weak to #3 strong, U = unrated)

(b) - B - # (Ranked by bankrate.com for safety #1 weak to #5 strong, U = unrated)

(c) - These rates require a checking account

(c1) - $2,500 minimum

(d) - A quarter percent bonus for Golden (min deposit 10K) a/c holder is in addition to the presented rate

(e) - A quarter percent bonus for 1-4 year CD Extra Advantage a/c holders (min deposit $15)

(e1) - $2,000 minimum

(f) - Min deposit for a 3 mos CD is 25K

(g) - Small saver yield

(g1) - $1 minimum

(h) - Jumbo yield

(h1) - $500 minimum

(i) - Jumbo yield with minimum deposit shown

(j) - $5,000 minimum

(k) - these rates assume having a relationship with the Bank of New York.

(L) - Must be a member of the credit union.

(o) - 2 1/2-year term

(p) - NYT at 8/3/00, pg.C8.

(r) - (min $5,000)

N/P - Not provided

(s) - These rates assume having a relationship with the Chase Manhattan Bank

(t) - Chase Bk website for rates: http://www.chase.com/pages/personal/prodservs/savinginvest/savingscds

(u) -Bank of New York website for rates: http://www.bankofny.com/ind/nycdpp.htm

(v) - Citi Bank website for rates: https://web.da-us.citibank.com/cgi-bin/citifi/scripts/prod_and_service/prod_serv_detail.jsp?

BV_UseBVCookie=yes&BS_Id=SvgCDs&BS_Branding=Default

(w) - Etrade Bank website for rates: http://www.etradebank.com/services/cds.cfm

(x) - Journal News link to Banxquote.com website reference for searchable CD database (for 1 and 5 year rates) is http://www.banxquote.com/nyjournalnews/cdrate3.asp?productcd

(y) This is the annual percentage yield, not the rate which is lower.

(z) These Citibank yields are the "select" yields which are available for certain balances (3 mos - $25,000, 6 mos - $50,000, 1 year - $100,000).