Full text of G.13 Selected Interest Rates : April 3, 1963

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.-agm,

FEDERAL

RESERVE

s t a t i s t i c a l

r e l e a s e
T i e s

OPEN MA.RKET _MONEY RATES-A# BOND PRICES
"
Weekly
Average of d a i l y f i g u r e s 1 /
Mar. 23
Mar, 16
Mar. 9
Mar. 2
3.00
3.00
2.95
-3i00
F e d e r a l Funds ( E f f e c t i v e r a t e ) * . • • . . • •
3.25
3,13
3.13

3.25
3.13
3.13

3.38
3.13
3.13

3.38
3.13
3.13

3.38
3.23
3.13

U.50

lt.50

lt.50

U.50

lt.50

Stock Exchange c a l l loans—going r a t e . . » .

U.50

lt.50

it.50

It. 50

h.50

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

3,00

3.00

3.00

3.00

3.00

2.870
2.922

2.897
2.938

2.870
2.931

2.902
2.955

2.919
2.977

2.90
2.9U
2.98
r2.93
3.50
3,9U

2.89
2.93
2.97
2.99
3.1+9
3.92

2.88
2.91
2.95
2.97
3.1t9
3.93

2.90
2.96
2.97
2.99
3.51
3.9U

2.91
2.98
2.99
3.01
3.53
3.95

87.10

87.33

87.20

87.13

86.95

U.19
k.88
3.02

lt.19

U.19
lt.88
2.98

lt.19
U.87
2.93

U.88

F i j ^ J b e paper p l a c e d d i r e c t l y (3 t o 6 mos*).

Yields on U. S . Government s e c u r i t i e s
Auction average:
Market y i e l d :
^^12
month b i l l s . # $ # # . » # # # # #
• k h e r t a x a b l e i s s u e s , 9 t o 12 months • •
Tfexable i s s u e s , 3 t o 5 y e a r s . . . . . *

Monthly
Mar. 1963
Feb. 1963
—-2<9y
3.00

Mar. 30
2.98

'

3.25
3.13
3.13

3.3li
3.15
3.13

ll.50

lt.50

2.916
2.970

2.897
2.950

2.92
2.98
3.00
2.89
3.L8
3.92

2.89
2.95
2.97
2.99
3.50
3.93

87.33

87.15

lt.19

lt.19
It.88
2.97

T

Average y i e l d on c o r p o r a t e bonds (Moody s)
Aaa +

U.88

lt.19

It.89

2.99
2.93
S t a t e and l o c a l Government, Aaa (Moody1 s )
3.02
IT
^
,
2 / I n c l u d e s a l l bonds maturing or c a l l a b l e i n 10 y e a r s or more.
r - revised
3 / P r i c e s d e r i v e d from a v e r a g e market y i e l d s on b a s i s of a n assumed 3 p e r c e n t , 20-year bond.
-xDaily averages a r e based
on number of c a l e n d a r days i n p e r i o d and a r e n o t comparable w i t h e a r l i e r 0 . 1 3 f i g u r e s , whzch were based on number of
t r a d i n g d a y s , Comparable back f i g u r e s may be o b t a i n e d from t h e Market S t a t i s t i c s Department, FRB of New York.
GOVmimm FINANCE SECTION



A p r i l 3, 1963