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FEDERAL

RESERVE

s t a t i s t i c a l

r e l e a s e
Km rlifcS

G. 13
Average of D a i l y Figures 1 /
Federal Funds ( E f f e c t i v e R a t e ) *

t'
OFHN MARKET MONEY RATES AKD BOND JERICES
[
Month'ly
Weekly
A p r i l 1 J February
March
March 11 I March 18 i| March 25
March 4
5.00
4.53
4.71
4.25
4.64
4.71
4.68
5.38
5.13
4.93

C o n ^ p b i a l paper (prime, 4 t o 6 mos.) ,
Finance paper placed d i r e c t l y (3 t o 6 mos.
Bankers 1 Acceptances (prime, 90 days) ,

5.35
5.03
4.88

5.50-5.75 5 . 5 0 - 5 . 7 5

Prime Loan Rate (Leading C i t y Banks) . ,

5.25
5.00
4.70
5.50-5.75

5.16
5.00
4.50
5.50-5.75

5.10
4.93
4.45

5.38
5.19
4.88

5.24
5.01
4.68

5.75

5.75

5.5(A Z

5.75

5.75

5.75

5.75

5.75

Discount r a t e (Federal Reserve Bank o f New York)

4.50

4.50

4.50

4.50

4.50

Y i e l d s on U. S . Government S e c u r i t i e s
Auction average:
3-month b i l l s
6-month b i l l s
» . . . . *
.
. * #

4.538
4.534

4.344
4.340

4.308
4.265

4.102
4.005

4.150
4.073

4.554
4.565

4.288
4.243

Market y i e l d : * *
3-month b i l l s
6-month b i l l s
t ^ f e a r bills

4.47
4.47
4.45

4.37
4.37
4.32

4.28
4.21
4.16

4.14
4.06
4.05

4.13
4.09
4.06

4.56
4.59
4.57

4.26
4.22
4.18

Market y i e l d :
Other t a x a b l e i s s u e s , 9 t o 12 months, .
Taxable i s s u e s , 3 t o 5 y e a r s • • • • • •
Bonds—Long-term t a x a b l e 2/ . • • • • •

4.68
4.70
4.53

4.54
4.61
4.47

4.30
4.50
4.42

4.21
4.45
4.42

4.16
4.42
4.45

4.64
4.73
4.47

4.35
4.52
4.45

P r i c e o f l o n g - t e r m Treasury bonds 3 / . . . .

80.11

80.74

81.32

81.25

80.95

80. 73

80.96

Average y i e l d s on corporate bonds (Moody's)
Aaa
. . . . . .
Baa

5.11
5.87

5.12
5.86

5.13
5.84

5.13
5.85

5.12
5.83

5.03
5.82

5.13
5.85

Stock Exchange c a l l l o a n s — g o i n g r a t e ,

#

3.48
3.38
3.46
3.46
3.48
3.48
3.53
S t a t e and Local Government Aaa (Moody's).
1 / Average of d a i l y f i g u r e s except s t a t e and l o c a l Governments, which are based on Thursday f i g u r e s .
2 / Includes a l l bonds maturing or c a l l a b l e i n 10 y e a r s or more.
•
3 / P r i c e s d e r i v e d from average market y i e l d s on the b a s i s of an assumed 3 per c e n t , 20-year bend. ±1 E t t e c t i v e March z / , i y o #
*
D a i l y a v e r a g e s are based on number of calendar days i n p e r i o d . ** B i l l s a r e quoted on bank d iscounfc b a s i s *
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD
A p r i l 13, 1967