Full text of G.13 Selected Interest Rates : April 3, 1959

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G.13

BOARD OF GOVERNORS CF THE FEDERAL RESERVE SYSTEM
OPEN MARKET MONET RATES AMD BOND PRICES
Weekly
Monthly
Feb. 28 Mar. 7 Mar. lit Mar. 21 Mar. 28 Feb. 1959 Mar. 1959

f e d e r a l Funds ( E f f e c t i v e Rate)

2.500

2.550

2.625

2.900

2.906

C o m ^ ^ c i a l paper (prime, It t o 6 mos.) l /
Finance paper placed d i r e c t l y (3 t o 6 mos.) 1 /
Bankers' acceptances (prime, 90 days) l /

3.25

3.28

2.80

3-38
3.25
2.98

3.38
3.31

3-38
3-31

2.75

3.00

Prime Loan Rate (Leading C i t y Banks)

It .00

it.00

it .00

U .00

it .00

Stock Exchange c a l l l o a n s - going r a t e 1 /

3.75

3.75

3.75

3.75

3.75

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

2.50

3.00*

3.00

3.00

3.00

2.589
2.978

2.816

3.062

2.763
3.058

2.766

2.712

3.111

3-093

3.166

2.76

2.81t

2.85
3.15
3.63

2.76
3.11
3.53
3-9lt
3.9it

2.70
3.12

3.92

2.77
3.09
3.59
3.89
3.92

Yields on U. S . Government s e c u r i t i e s 1 /
Auction average:
3-month b i l l s .
6-month b i l l s .
Market y i e l d :
3-month b i l l s .
^kmonth b i l l s ,
^^raxable 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 /
P r i c e of l o n g - t e r m Treasury bonds 3 / •
Average y i e l d on c o r p o r a t e bonds (Moody's l /
Aaa . . . . . . . . . o . . . . . . . . . .
Baa • # • # • • • • • • • • • • • • • » • •
S t a t e and l o c a l Government, Aaa U / . « •
*
3/
3/
h/

3.00

3.13
3.3lt
3.77
3.90

3.1U
3.51
3.78
3.87

3.375

3.88

2.88

2.88

3.26
3.00
2.75

3.75

3.38
3.85
3.92

87.61

87.91

87.30

67.38

87.02

87.38

it .13
lt.89
3.11

it .11
It .87

it <13
It-87

it .13
it .85

it .lit
it .83

it .lit
it .89
3.16

3.06

3.06

3.06

3.06

E f f e c t i v e March 6 , 1959. p / Preliminary«
Average of d a i l y 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 years or more*
P r i c e s d e r i v e d from average market y i e l d s on b a s i s of an assuzned 3 p e r c e n t , 20—year bond»
Moody's I n v e s t o r Service j monthly and weekly d a t a are based on Thursday f i g u r e s *

GOVERNMENT FINANCE SECTION, BOARD OF GOVERNORS




April 3 , 1959

2 / it .13
2 / it *85
2 / 3.06