Full text of G.13 Selected Interest Rates : April 6, 1976

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Oo^covy

VCL

•.

F E D E R A L
G. 13

R E S E R V E

statistical

For Immediate Release
April 6, 1976

gOPEN MARKET MONEY RATES AND BOND PRICES
(Yields in per cent per annum)

/

release

Monthly

Average of Daily Figures*
Federal funds (effective rate) V

Mar.
6
4.95

Mar.
13
4.86

Weekly
Mar.
20
4.77

Mar.
27
4.79

Apr.
3
4.84

Commercial paper (prime, 90 to 119 day)
Commercial paper (prime 4 to 6 mos.)
Finance paper placed directly (3 to 6 mos.) . . .
Bankers' acceptances (prime, 90 days)
Prime loan (large business prime rate-majority) .

5.25
5.38
5.23
5.26
6.75

5.25
5.38
5.28
5.21
6.75

5.35
5.45
5.38
5.19
6.75

5.23
5.35
5.28
5.12
6.75

5.15
5.30
5.13
5.10
6.75

Stock Exchange call loans—going rate

7.38

7.38.

7.38

7,38

7.37

Discount rate (Federal Reserve Bank of New York).

5.50

5.50

5.50

5.50

5.50

.

258
724

5.060
5.487

4.9,81
5.459

4.890
5.283

. . .
. . .
. . .

5.20
5.65
5.98

4.99
5.47
5.86

4.98
5.43
5.82

. . .

6.30
. 7 .36
6.96

6.19
7.30
6.9.1

Yields on U.S. Government Securities 2/
Auction average:
3-month bills
6-month bills
. . . . . . . . . . . .
Market yield:
3-month bills
. . . . . . . . ». .
6-month bills
< . . . . . . . . .
1-year bills
Coupon issues due in:
9-12 months
3 to 5 years ... . . ...
10 years or more (long-term) 3j .

4.77

4.84

5.13
5.23
5.09
4.99

5.25
5.37
5.27
5.18

4.929
5.327

4.852
5.144

5.047
5.488

4.87
5.26
5.67

4.97
5.34
5.76

4.88
5.20
5.53

5.00
5.44
5.82

7.2'5
6.89

5.93
7.14
6.80

6.03
7.14
6.78

5.78
7.18
6.92

6.12
7/25
6.87

^

Price of long-term Treasury bonds 4/ . .

57.62

57.94

58.11

58.79

58.91

Average yields on corporate bonds (Moody's).
Aaa .
Baa

9.20
8.55
10.04

9.20
8.55

10.01

9.18
8.54
9.98

9.16
8.50
9.97

9.10
8.46
9.92

10.10

9.18
8.52
9.99

State and local Government Aaa (Moody's)

• 6.10

6.05

6.01

5.81

5.77

5.99

6.04

1/
2/
3/
4/
*
**

57 W
9.23
8.55

58.23

7-day average for statement week ended on preceding Monday.
Bills quoted on bank discount basis.
V <
Excludes bonds callable in less than 10 years.
Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
Average of daily figures except state and local Governments, which are based on Thursdayfigures. r — R e v i s e d .
Prices for Feb. 2, 3, and 5 were all revised to 57.88,changing t W average for the week ending ^eb. 7 to 57.81.




GOVERNMENT FINANCE SECTION, FEDERAL RESERVE B(0ARD

G.13
(continued)

.

Federal
Funds
19 7 6 — M a r c h

'

$13

OPEN MARKET,MONEY RATES AND BOND PRICES

Commercial
Paper
90-119
3-month
Day
bills

U.S. Government Securities
Market Yields 1/
6-month 1-year
Other issues
billsbills due in 9-12 mos

Issues, due
in 3-5 yrs.

Long-term
bonds

Prices ,
Long-term •.

5.21
5.01
4.95
4.95
4.97

5.25
5.25
5.25
5.25
5.25

5.20
5.25
5.20
5.22
5.13

5.68
5.66
\ 5.64
\5.69
5.59

6.00
5.96
5.95
6.05
5.95

6.29
6.30
6.30
6.34
6.26

7.35
7.33
7.36
7.40
7.35

6.97
-6.95
6.95
6.96
6.95

57.51
57.66
57.66
57.59
57.66

9
10
11
12

4.86
4.78
4.49
4.82
4.81

5.25
5.25
5.25
5.25
5.25

5.07
5:00
4.97
4.99
4.90

5.49
5.47
5.48
5.50
5.41

5.86
5.87
5.87
5.91
5.81

6.22
6.23
6.18
6.18
6.13

7.30
7.32
7.31
7.32
7.26

6.9,2
6.23
6.91
6.92
6.88

57.88
57.81
57.96
57.83
58.18

15
16
17
18
19

4.81
4.77
4.56
4.83
4.80

5.38
5.38
5.38
5.38
5.25

4.94
5.01
5.00
4.98
4.96

5.46
5.48
5.45
5.40
5.36

5.87
5.88
5.85
1.78
5.74

6.16
6.18
6.13
6.11

6.08

7.28
7.29
7.27
7.20
7.23

6.89
6.90
6.90
6.88
6.88

58.11
58.03
58.03
58.18,
58.18

22
23
24
25
26

4.76
4.72
4.85
4.81
4.76

5.38
5.25
5.25
5.13
5.13

4.86
4.89
4 .86 ,
4.85/
4.88

5.28
5.32
5.25
5.20
5.26

5.66
5.70
5.66
5.64
5.71

5.93
5.96
5.92
5.90
5.90

7.18
7.16
7.13
7.12
7.12

6.85
6.82
6.79
6.77
6.77

58.41
5S..64
58.87
59.02
59.02

29
30
31

4.81
4.88
5.07

5.13
5.13
5.13

4.90
4.99
4.97

5.30
5.38
5.36

5.71
5.75
5.75

5.93
5.96
6.07

7.12
7.14
7.14

6.77
6.77
6.78

59.02
59.02
58.94

If Bills quoted on a bank discount basis.