Full text of G.13 Selected Interest Rates : April 6, 1960

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G. 13

Federal Funds (Effective rate)

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN MARKET MONEY RATES aND BOND PRICES
Weekly
Mar, 5
Mar. 12
Mar. 19
4.000
3.950
3.950

Mar, 26
3-300

Apr. 2

3.800

Commercial paper (prime, 4 to 6 mos.) l/ *
Finance paper placed directly (j to 6 mos.) l/
acceptances (prime, 90 days) 1/

4.85
4,61
4.38

4.70
4.49
4.18

4.53
4.19
3.93

3.86
3.73

4.13
3-58
3.63

Prime Loan Rate (Leading City Banks)

5.00

5.00

5.00

5.00

5.00

Stock Exchange call loans—going rate 1/

5.50

5.50

5.50

5.50

5.50

Discount rate (Federal Reserve Bank of New York)

4.00

4.00

4.00

4.00

4,00

4.278
4.458

3.641
4.024

3.451
3.619

3.033
3.176

3.92
4.27
4.31
4.55
4.58
4.22

3-60
3.87
3.97
4.14
4.35
4.11

3.41
3.57
3.56
3.84
4.17
4.05

2.84
3.17
3.27
3.47
4.02
4.00

83.66

84.97

85.68

86.35

Yields on U. S. Government securities 1/
Auction average:
3-month bills
.
6-month bills . . . . . . . . . . . .
Market yield:
3-month bills . . . . . .
,
6-month bills
9-12 month bills . . . . . . . . . .
er taxable issues, 9 to 12 months
able issues, 3 to 5 years . . . .
ds—Long-term, taxable 2/ . . , .

€

Price of long-term Treasury bonds 3/

4.25

Monthly
Feb. 1960IMar. I960
r4.66
4.50
4.44

4.49
4.16
3.96

5-50

5.50

2,792
3.187

3.954
4,321

3.439
3.693

2.88
3.21

3.31

3.32
3.69
4.11
4.07

3.96
4.30
4.45
4.58
4,66
4.22

3.93
4,24
4.08

85,48

83.60

85.32

3.61

3.68

Average yield on corporate bonds (Moody's) l/
Aaa . . . . . . . .
. . . . . . . .
4.48
4.46
4.56
4.49
4.54
4.51
4.45
Baa . . . . . . . . . . . . . . . .
5-28
5,26
5.18
5.22
5.25
5.34
5-31
State and local Government, Aaa 4/
3.40
3.40
3-28
e/3,34
3.32
3 >37
3.35
" p/ Preliminary!
r TteviseC
''
"
* Revised weekly averages for 4 to 6 months prime commercial paper for the week ending Feb. 13, 4.56; and Feb. 20,
1/ Average of daily figures*
2/ Includes all bonds maturing or callable in 10 years or more.
?J Prices derived from average market yields on basis of an assumed 3 per cent, 20-year bond.
it/ Moodty1 s Investor Service; monthly and weekly data are based on Thursday figures,
:GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




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