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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