HFOA Monthly Report October 2016

Headquarters: Marc J. Sharpe

3640 Lake Street msharpe@hfoatx.com Houston, TX 77098 Page 1 (T) 713-581-0448 © Houston Family Office Association 2016

USA Gross Domestic Product

The Houston Family Office Association

USA Price Data

Source: U.S. Bureau of Economic Analysis Source: U.S. Bureau of Labor Statistics

USA Employment & Unemployment Data

HFOA Monthly Report

Source: U.S. Bureau of Labor Statistics

Headquarters: Marc J. Sharpe

3640 Lake Street msharpe@hfoatx.com Houston, TX 77098 Page 2 (T) 713-581-0448 © Houston Family Office Association 2016

USA Twelve Month Change in Employment Across Various Industrial Sectors

HFOA Monthly Report

Headquarters: Marc J. Sharpe

3640 Lake Street msharpe@hfoatx.com Houston, TX 77098 Page 3 (T) 713-581-0448 © Houston Family Office Association 2016

Source: U.S. Bureau of Labor Statistics

This summary is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities and may not be used or relied upon in connection with any offer or sale of securities. The information and statistical data contained herein have been obtained from sources that we believe to be reliable but in no way are warranted by us as to accuracy or completeness.

USA Unemployment Rate by State (Aug 2016)

HFOA Monthly Report

Headquarters: Marc J. Sharpe

3640 Lake Street msharpe@hfoatx.com Houston, TX 77098 Page 4 (T) 713-581-0448 © Houston Family Office Association 2016

Source: U.S. Bureau of Labor Statistics

This summary is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities and may not be used or relied upon in connection with any offer or sale of securities. The information and statistical data contained herein have been obtained from sources that we believe to be reliable but in no way are warranted by us as to accuracy or completeness.

California Unemployment Rate (Aug 2016)

New York Unemployment Rate (Aug 2016)

12-mth Change in Unemployment Rate (Aug 2016)

Florida Unemployment Rate (Aug 2016)

Texas Unemployment Rate (Aug 2016)

HFOA Monthly Report

USA Selected Interest Rates (as of October 3rd 2016)

Headquarters: Marc J. Sharpe

3640 Lake Street msharpe@hfoatx.com Houston, TX 77098 Page 5 (T) 713-581-0448 © Houston Family Office Association 2016

Source: Federal Reserve System

2016 2016 2016 2016 2016 2016

Sep Sep Sep Sep Sep Sep

26 27 28 29 30 Sep Sep

30 23

Federal funds (effective)   0.40   0.40   0.40   0.40   0.29   0.40   0.40   0.40 

Commercial Paper                         

Nonfinancial                        

1-month  0.38   0.42   0.41   0.36   0.39   0.39   0.41   0.40 

2-month  0.40   0.48   0.47   0.44   0.45   0.45   0.47   0.46 

3-month  0.56   0.54   0.53   0.52   0.52   0.53   0.53   0.53 

Financial                        

1-month  0.47   n.a.   n.a.   0.48   n.a.   0.48   0.46   0.45 

2-month  0.55   0.56   0.61   n.a.   0.60   0.58   0.60   0.60 

3-month  0.63   0.64   0.82   0.64   0.71   0.69   0.78   0.75 

Eurodollar deposits (London)                         

1-month  0.50   0.50   0.50   0.50   0.50   0.50   0.50   0.50 

3-month  0.93   0.93   0.93   0.93   0.93   0.93   0.93   0.93 

6-month  1.30   1.30   1.30   1.30   1.30   1.30   1.30   1.30 

Bank prime loan  3.50   3.50   3.50   3.50   3.50   3.50   3.50   3.50 

Discount window primary credit   1.00   1.00   1.00   1.00   1.00   1.00   1.00   1.00 

U.S. government securities                        

Treasury bills (secondary market)                         

4-week  0.10   0.16   0.14   0.11   0.19   0.14   0.12   0.18 

3-month  0.25   0.26   0.27   0.26   0.28   0.26   0.24   0.29 

6-month  0.42   0.42   0.44   0.42   0.44   0.43   0.44   0.46 

1-year  0.56   0.56   0.58   0.57   0.57   0.57   0.59   0.58 

Treasury constant maturities                        

Nominal 10                        

1-month  0.12   0.16   0.14   0.12   0.20   0.15   0.13   0.19 

3-month  0.25   0.26   0.27   0.26   0.29   0.27   0.24   0.29 

6-month  0.42   0.42   0.44   0.43   0.45   0.43   0.44   0.47 

1-year  0.58   0.58   0.60   0.59   0.59   0.59   0.60   0.59 

2-year  0.76   0.75   0.75   0.73   0.77   0.75   0.79   0.77 

3-year  0.87   0.86   0.87   0.85   0.88   0.87   0.92   0.90 

5-year  1.13   1.12   1.13   1.12   1.14   1.13   1.19   1.18 

7-year  1.41   1.39   1.41   1.39   1.42   1.40   1.48   1.46 

10-year  1.59   1.56   1.57   1.56   1.60   1.58   1.66   1.63 

20-year  2.00   1.96   1.96   1.95   1.99   1.97   2.06   2.02 

30-year  2.32   2.28   2.29   2.28   2.32   2.30   2.39   2.35 

Inflation indexed 11                        

5-year  -0.27   -0.26   -0.31   -0.32   -0.31   -0.29   -0.18   -0.17 

7-year  -0.14   -0.14   -0.17   -0.18   -0.17   -0.16   -0.05   -0.05 

10-year  0.05   0.04   0.01   0.02   0.00   0.02   0.14   0.12 

20-year  0.43   0.42   0.38   0.43   0.38   0.41   0.50   0.47 

30-year  0.60   0.58   0.57   0.58   0.59   0.58   0.68   0.64 

Inflation-indexed long-term average 12  0.46   0.44   0.42   0.43   0.43   0.44   0.53   0.50 

Interest rate swaps 13                        

1-year  0.94   0.94   0.93   0.94   0.94   0.94   0.96   0.95 

2-year  1.00   1.00   0.99   1.01   1.00   1.00   1.03   1.02 

3-year  1.06   1.05   1.04   1.06   1.05   1.05   1.10   1.08 

4-year  1.11   1.10   1.09   1.12   1.11   1.10   1.16   1.13 

5-year  1.16   1.15   1.14   1.17   1.16   1.16   1.22   1.19 

7-year  1.28   1.26   1.26   1.29   1.28   1.27   1.34   1.32 

10-year  1.44   1.41   1.41   1.44   1.44   1.43   1.50   1.47 

30-year  1.78   1.74   1.73   1.76   1.77   1.75   1.84   1.80 

Corporate bonds                        

Moody's seasoned                        

Aaa 14  3.43   3.39   3.39   3.37   3.44   3.40   3.47   3.41 

Baa  4.29   4.25   4.26   4.23   4.29   4.26   4.35   4.31 

State & local bonds 15           3.06      3.06   2.98   2.93 

Conventional mortgages 16           3.42      3.42   3.48   3.46 

Instruments

Week Ending

Yields in percent Per Annum