Full text of G.13 Selected Interest Rates : April 7, 1964

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FEDERAL

RESERVE

statistical

releas e

(((11

OPEN MARKET MONEY RATES AND BOND PRICES
Weekly
Feb. 29 March 7 March lit March 21 March 28 Feb.

G.13
Average of d a i l y f i g u r e s 1 /
Federal Funds ( E f f e c t i v e r a t e ) * . . .

.

Monthly
March 196U

196U

3.50

3.29

3.50

3.U3

3.U6

3.U8

3.U3

C d ^ k r c i a l paper (prime, U t o 6 mos.) . •
Finance paper placed d i r e c t l y (3 t o 6 mos
Bankers 1 acceptances (prime, 90 days) ,

3.90
3.78
3.75

U.00
3.88
3.75

It.00
3.88
3.75

U.00
3.88
3.75

U.00
3.88
3.75

3.88
3.76
3.75

U.00
3.88
3.75

Prime Lean Rate (Leading City Banks)

.

U.50

U.50

U.50

U.50

U.50

Stock exchange c a l l loans—going r a t e •

U.50

U.50

U.50

U.50

U.50

U.50

U.50

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

3.50

3.50

3.50

3.50

3.50

3.5U7
3.703

3.777

3.589

3.53U
3.715

3.538
3.726

3.550
3.7U0

3.532
3.66U

3.553
3.7U0

3.56
3.72

3.56
3.7U

3.5U

3.5U

Yields on U, S, Government s e c u r i t i e s
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 • • • « » • * » • • . . . • •
6-month b i l l s
^ g - 1 2 month b i l l s
^ B t h e r taxable i s s u e s , 9 t o 12 months . . .
Taxable i s s u e s , 3 t o 5 years • • « . • • *
Bonds--Long-term, taxable j?/ . . . . . .

3.61
L.05
It . 1 5

3.6U
It . 1 0

U.12

it.16

U.17

U.18

U.20

3.53
3.67
3.71
3.63
U.02
U.lU

Price of long-term Treasury bonds 3 / . * . <

8U.U8

Bit.36

8U.26

8U.06

83.81

8U.60

8U.10

Average y i e l d on corporate bonds (Moody's)
Aaa
Baa . . . . . . . . . . .
S t a t e and l o c a l Government, Aaa (Moody1 s) «

U.35
U.83
3.09

it.36
it. 8 3

b.37

U.38
U.83
3.16

U.39
U.83
3.16

U.36
U.83
3.08

U.38
U.83

3.76

3.78

3.12 '

3.5U

3.5U

3.72
3.78

3.72
3.77

3.65

3.67
U.16

U.83
3.13

3.73
3.80
;

3.72
U.23

i
i

3.72
3.78
3.67
U.15

U.18

3.lit

2/ Includes a l l bonds maturing or c a l l a b l e i n 10 years or more.
3 / Prices derived from average market y i e l d s on b a s i s of an assumed 3 per cent, 20-year bond« -> Daily averages a r e based
on number of calendar days i n period and a r e not comparable with e a r l i e r G.13 f i g u r e s , which were based on number of
t r a d i n g days, Comparable back f i g u r e s may be obtained from the Market S t a t i s t i c s Department, Federal Reserve Bank of
New York.
A p r i l 7, 196U
FOR FILES
Steven H. Axilrod