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FEDERAL

RESERVE

G.13
Average of Daily Figures 1/
Federal Funds (Effective Rate)* .

statistical

Open Market Money Rates and Bond Prices
Weekly
Mar. 19 1 Mar. 26
Mar. 5
Mar, 12
4.68
4.68
4.57
. . ' 4*63

release

Apr. 2
4.68

4.88
4.88
4.86

5.21
5.02
5.01

4.25

5.41

4.555
4.755

4.670
4.820

4.626
4.825

4.50
4.70
4.72

4.51
4.72
4.75

4.65
4.82
4.81

4.58
4.78
4.81

4.89
4.88
4.57
79.58

4.89
4.87
4.54
79.88

4.92
5.02
4.61
79.32

4.96
4.94
4.63
78.92

4.97
5.37

99
42

4.78
5.12

4.92
5.32

5.00
4.88
4.88

5.00
4.88
5.06

5.28
5.10
5.06

5.38
5.13
5.06

5.38
5.15
5.06

Prime Loan Rate (Leading City Banks). . . . . . .

5.00

5.50^

5.50

5.50

5.50

Stock Exchange call loans—going rate . . . . . .

5.25

5.30

5.50

5.50

5.50

Discount rate (Federal Reserve Bank of New York).

4.50

4.50

4.50

4.50

4.50

Yields on U. S. Government Securities
Auction average:
3-month bills .
6-month bills .

4.661
4.861

4.620
4.816

4.718
4.915

4.576
4.776

4.62
4.81
4.91

4.63
4.83
4.87

4.64
4.82
4.82

5.00

5.01

Commercial paper (prime, 4 to 6 mos.) . . .
^ F i n a n c e paper placed directly (3 to 6 mos.)
^Pbankers 1 Acceptances (prime, 90 days) • . .

Market yield:**
3-month bills .
6-month bills .
One-year bills.
Market yield:
Other taxable issues, 9 to 12 months. .
Taxable issues, 3 to 5 years. . . • . .
Bonds—Long-term taxable 2j .....
.
Price of long-term Treasury bonds 3 / . . . «
Average yield on corporate bonds (Moody's)'
Aaa . . . . . . . . . . . .
Baa

I

5.03
4.71
77.96

4.68
78.36

5.01
4.93
4.63
78.89

4.85
5.20

4.88
5.26

4.93
5.34

5.00

Monthly
February
March
4.60
"4.65

3.55
3.48
3.44
3.56
3.51
3.61
3.63
State and Local Government Aaa (Moody's).
1/ Average of daily figures except state and local Governments, which are based on Thursday figures.
2/ Includes all bonds maturing or callable in 10 years or more.
3/ Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
4/ Effective March 10, 1966.
* seven day average for week ending Wednesday.
** Bills are quoted on bank discount basis.
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




April 18, 1966