Full text of G.13 Selected Interest Rates : August 10, 1971

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OPEN MARKET MONEY RATES AND BOND PRICES

G. 13
Average of D a i l y F i g u r e s 17

F e d e r a l Funds ( E f f e c t i v e R a t e ) * . . . . . . .
" ^ ^ k m e r c i a l paper ( p r i m e , 4 t o 6 m o s . ) . . . ,
F i n a n c e p a p e r p l a c e d d i r e c t l y (3 t o 6 m o s . ) .
Bankers 1 A c c e p t a n c e s ( p r i m e , 90 d a y s ) . . . .

5.65
5.45
5.60

5.75
5.48
5.63

5.75
5.56
5.50

5.75
5.56
5.63

5.75
5.58
5.63

5.50

4/

6.00

6.00

6.00

Prime Loan Rate (Leading C i t y Banks) , . . . . .

J u l y 10
5.18

Weekly
J u l y 17
5.13

July 3
~5;07~~

J u l y 24
.46

J u l y 31
5.38

Monthly
June
July
5.31
4.91
5.45
5.24
5.33

5.75
5.54
5.60

5.50

5.93

Stock Exchange c a l l l o a n s — g o i n g r a t e )

5.50

5.88

6.00

6.00

6.00

D i s c o u n t r a t e ( F e d e r a l Reserve Bank of New York.

4.75

4.75

5.00^

5.00

5.00

Y i e l d s 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

5.080
5.277

5.467
5.614

5.376
5.483

5.546
5.724

5.554
5.833

4.699
4.890

5.405
5.586

5.17
5.37
5.77

5.40
5.53
5.65

5.38
5.52
5.61

5.45
5.73
5.77

5.39
5.77
5.87

4.74
4.95
5.32

5.39
5.62
5.73

6.06

5.96
6.70
5.92

5.70
6.64
5.82

5.85
6.82
5.91

6.00

6.70
5.97

6.92
5.96

5.57
6.36
5.94

5.89
6.77
5.91

65.63

66.08

66.91

66.09

65.72

65.84

66.16

8.14
7.64
8.75

8.14
7.64
8.76

5.65

5.75

Market y i e l d : * *
3-month b i l l s .
6-month b i l l s . . .
0 ^ 1-year b i l l s . . .

.

.

.

.

.

.

. . .

.

.

Market y i e l d :
Other 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 years .
Bonds--Long-term t a x a b l e 2 / . .
P r i c e of Long-term T r e a s u r y bonds 3 / . . . .
Average y i e l d s on c o r p o r a t e bonds (Moody's).
Aaa
. . . . . . . . . .
Baa
. .
•

8.14
7.63
8.78

8.14
7.65
8.75

8.14
7.64
8.77

8.14
7.63
8.75

8.16
7.66
8.78

S t a t e and Local Government Aaa (Moody's) . .

5.90

5.70

5.70

5.65

5.80

1/
1/
3/
4/
*

Average of d a i l y f i g u r e s e x c e p t s t a t e and l o c a l Governments, which a r e based on Thursday f i g u r e s .
I n c l u d e s a l l bonds m a t u r i n g or c a l l a b l e i n 10 y e a r s or more.
p r i c e s d e r i v e d from a v e r a g e market y i e l d s on t h e b a s i s of an assumed 3 per c e n t , 20-year bond.
E f f e c t i v e J u l y 5, 5 . 5 0 — 6 . 0 0 ; e f f e c t i v e J u l y 7, 6 . 0 0 .
5/ E f f e c t i v e J u l y 16.
D a i l y a v e r a g e s a r e based on number of c a l e n d a r days in p e r i o d .
** B i l l s quoted on bank d i s c o u n t b a s i s .

JOVE^NMENT FINANCE SECTION, FEDERAL RESERVE BOARD



August 10, 1971