Full text of G.13 Selected Interest Rates : April 5, 1968

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FEDERAL
G. 13
Average of Daily Figures V
F e d e r a l Funds ( E f f e c t i v e Rate)*

RESERVE

s t a t i s t i c a l

OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Mar. 2
Mar. 9 1 Mar. 16
Mar. 23
~oer
4.82
4.64
5.13

2<
*Er
F i U c e paper placed d i r e c t l y (3 to 6 mos.)
Bankers s Acceptances (prime, 90 days) . . .

5.50
5.25
5.25

5.50
5.25
5.28

5.58
5.40
5.48

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

6.00

6.00

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

6.00

Discount r a t e ( F e d e r a l Reserve Bank of New York)
Y i e l d s on U. S. Government S e c u r i t i e s
Auction a v e r a g e :
3-month b i l l s •
6-month b i l l s •

r e l e a s e

Mar. 30
5.39

Feb.
4.72

Monthly
Mar.
5.05

5.50
5.25
5.23

5.64
5.40
5.50

6.00

6.00

5.75
5.50
5.63

5.75
5.50
5.68

6.00

6.00

6.00

6.00

6.00

6.00

6.00

4.50

4.50

4.50

4.50

4.50

5.063
5.236

5.000
5.173

5.107
5.321

5.285
5.378

5.186
5.301

4.969
5.144

5.144
5.293

5.03
5.21
5.28

5.04
5.23
5.36

5.25
5.43
5.46

5.25
5.36
5.39

5.14
5.32
5.41

4.97
5.17
5.22

5.16
5.33
5.40

5.43
5.60
5.19

5.45
5.68
5.28

5.60
5.89
5.49

5.62
5.77
5.41

5.55
5.77
5.42

5.37
5.59
5.16

5.55
5.77
5.39

72.99

72.09

70.02

70. 75

70.67

6.38
6.07
6.81

6.38
6.08
6.81

6.43
6.14
6.87

6.49
6.17
6.93

73.30
6.40
6.10
6.80

70.98
6.42
6.11
6.85

4.16
4.27
4.28
4.28
4.28
4.01
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 / I n c l u d e s a l l bonds maturing or c a l l a b l e in 10 y e a r s o r mere*
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 bond.
*
Daily a v e r a g e s a r e based on number of c a l e n d a r days i n p e r i o d . ** B i l l s are quoted on bank discount b a s i s .
GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD
A p r i l 5, 1968

4.28

Market y i e l d s : * *
3-month b i l l s .
6-month b i l l s .
1-year b i l l s .
rket yield:
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 to 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 s on c o r p o r a t e bonds (Moody's)
Aaa . . . . . .
Baa
S t a t e and Local Government Aaa (Moody's).




6.38r
6.09
6.80

r--revised.