Full text of G.13 Selected Interest Rates : August 10, 1965
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FEDERAL RESERVE w statistical OPEN MARKET MONEY RATES AND BOND PRICES Weekly Averages of Daily F i g u r e s If J u l y 17 i J u l y 24 J u l y 10 July 3 4.04 4.09 4.13 4.13 F e d e r a l Funds ( E f f e c t i v e Rate) . . . . . . . 4.38 4.38 4.38 4.38 Commercial paper (prime, 4 t o 6 m o s . ) . . . . . . 4.25 4.25 4.25 4.25 F i H F c e paper placed d i r e c t l y ( 3 t o 6 m o s . ) . . . 4.25 4.25 4.25 4.25 Bankers 1 Acceptances (prime, 90 days) release G.13 J u l y 31 4.09 4.38 4.25 4.125 Monthly July 1965 June 1965 4.09 4.04 4.38 4.25 4.25 4.38 4.25 4.22 4.75 4.75 4.50 4.50 4.50 4.50 4.50 Stock exchange c a l l loans—going r a t e . . . . . . 4.75 4.75 4.75 4.75 4.75 Discount r a t e ( F e d e r a l Reserve Bank of New York) 4.00 4.00 4.00 4.00 4.00 3.784 3.824 3.853 3.890 3.883 3.933 3.833 3.913 3.803 3.873 3.810 3.872 3.831 3.887 3.81 3.85 3.86 3.86 3.90 3.91 3.86 3.92 3.91 3.82 3.89 3.87 3.81 3.88 3.87 3.80 3.86 3.89 3.83 3.89 3.89 3.95 4.08 4.14 3.96 4.09 4.14 3.95 4.10 4.15 3.95 4.11 4.14 3.97 4.12 4.15 3.98 4.09 4.14 3.96 4.10 4.15 84.62 84.54 84.50 84.55 84.46 84.57 84.51 4.46 4.85 3.15 4.48 4.88 3.16 Prime Loan Rate ( l e a d i n g C i t y Banks) . 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 . . . . . . . . . Market y i e l d : * 3-month b i l l s . . . . . . . . 6-month b i l l s . . . . . . . . One-year b i l l s . . . . . . . . . . Mteket Y i e l d : M o t h e r 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 t o 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 / 1 Average y i e l d on c o r p o r a t e bonds (Moody s) 4.48 4.48 4.48 4.47 4.46 Aaa . . 4.88 4.88 4.87 4.87 4.87 Baa . . . . . . . . . . . • 3.16 3.16 3.16 3.17 3.17 S t a t e and Local Government Aaa (Moody's) 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 Government, which a r e based on Thursday f i g u r e s . 2J 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. 3/ P r i c e s d e r i v e d from average market y i e l d s on b a s i s of an a s stoned 3 p e r c e n t , 20-year bond. * B i l l s quoted on bank d i s c o u n t b a s i s . GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD August 10, 1965