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FEDERAL

release

OPEN MARKET MONEY RATES AND BOND PRICES

G. 13
Averages of Daily Figures 1/
f e d e r a l Funds

statistical

RESERVE

July 4
7.23

(Effective Rate)*

Weekly
I July 11 July 18 I July 25
7.34
7.59 J
7.16

8.21
7.55
7.78

8.29
7.64
7.61

8.00 ;

8.00

1
i
6.345j
6.429|

6.742
6.907

6.468
6.586

;
j

6.37
6.47
6.52

!
j
:

6.67
6.86
7.07

6.45
6.51
6.63

1
!
1
1j
'1

6.93
7.58
6.54

I
1
|
!
1

7.50
7.00
7.86 ' 7.58
6.99 |
: 6.57

8.38
7.54
7.75

8.35
7.54
7.75

8.25
7.56
7.63

8.35
7.75
7.58

8.15
7.78
7.43

Prime Loan Rate (Leading City Banks)

8.00

8.00

8.00

8.oo :

8.00

8.00

8 .00 j

8.00

8.00

8.00

Discount rate (Federal Reserve Bank of New Y o r k ) . . . .

6.00

6.00

6.00

6.00

6.00

6.421
6.603

6.642\
6.656;

6.547
6.644

6.385
6.442

6.44
6.50
6.85

I
6.61 j
6.66 \
6.77 j

6.45
6.53
6.62

6.34
6.41
6.55

7.29
7.73
6.73

7.14 j!
7.60 1
6.56 |

6.94
7.55
6.61

6.90
7.56
6.54

Commercial paper (prime, 4 to 6 m o s . )
Finance paper placed directly (3 to 6 m o s . )
Bankers' Acceptances (prime, 9 0 days)

Yields on U . S. Government Securities
A u c t i o n average:

. .
. . . . . .
.

. . .

Market y i e l d : * *

Market yield:
Other taxable issues, 9 to 12 months. . . . . . . .
Taxable issues, 3 to 5 years. . . . . . . . . . . .
Bonds--Long-term taxable 2/ . . . . . .
Price of Long-term Treasury bonds 3/
A v e r a g e yields on corporate bonds

1/
27
3/
*

|

(Moody's) . . . ... . .

{

Monthly
July
June
7.60
7.21

Aug. 1
6.89

59.35

60.69

60.29

|
:

60.82

60.79

57.37

60.59

8.92
8.60
9.41

8.93
8.55
9.44

8.88
8.49
9.39

;
!

8.82
8.40
9.38

8.76
8.26
9.37

8.77
8.48
9.25

8.85
8.44
9.40

6.65

. 6.50

6.50

6.81
6.40
i
i
A v e r a g e of daily figures except state and local Governments, which are based on Thursday figures.
Includes all bonds maturing or callable in 10 years or more.
20-year bond.
Prices derived from average market yields on the basis of an assumed 3 per cent
Daily averages are based on number of calendar days in period.
***Bills are quoted on bank discount basis.


GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD


6.15

i

6.20

August 10, 1970