Full text of G.13 Selected Interest Rates : August 10, 1970
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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