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Certificates of Deposits Index History
What is the CODI Rate? Where did the CODI Rate go?
** Special Note: The Federal Reserve discontinued publishing the underlying data for the CODI in 2013.
Since July 1, 2013 the Federal Reserve has not provided data to calculate the CODI. The Federal Reserve says it doesn’t publish the data “when the number of respondents is too few to be representative.” So apparently the Fed did not get enough information from banks and dealers. We will continue to follow the situation. See: http://www.moneycafe.com/personal-finance/2013/09/where-is-codi/
This index was the 12 month average of the monthly average yields of 3 month certificates of deposit. In plain English, this index was calculated by averaging the previous 12 rates of the 3 month CD rate. The 3 month CD rate used was the rate publish monthly by the Federal Reserve. Because this particular index was an annual average, it was more steady than straight CD rates. In more detail, the Federal Reserve averages dealer bid rates for certificates of deposit (CDs) that are actively traded in the secondary market and are issued by top-tier banks. Bids are generally for CDs issued in denominations of $1,000,000 or greater.
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