Full text of G.13 Selected Interest Rates : August 3, 1960

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F e d e r a l Funds ( E f f e c t i v e r a t e )

BOHRD OF GOVERNORS OF THE F^DERAL RESERVE SYSTEM
OPEN MARKET ifUNEY R/iTES AND BOND PRICES
Weekly
J u l y 23
July 9
J u l v 16
Julv 2
2.350 3.500
2.700
3.500

J u l y 30
2,900

3.81
3.24
3.28

3-39
2.98
3.13

5.00

5.00

2.40&
2.701

2.641
2.909

2.396
2.826

2.31
2.62
3.12
3.12
3.67
3.84

2.24
2.56
2.92
3.00
3.54
3.81

2.46
2.74
3.10
3-35
4,o6
3.99

2.30
2.71
3.03
3.13
3.71
3.86

87.91

88.40

88.74

85,50

88.12

4.43
5.26
3.32

4.40
5.20
3.32

4.38
5.15
3.28

4,45
5.26
3.33

4.42
5.23
E/3-30

c/3.610
3.00
3.13

3.41
3.00
3.13

3-38
3.00
3.13

3-38
2.96
3.13

3,38
2.94
3.13

Prime Loan Rate (Leading C i t y Banks)

5.00

5.00

5.00

5.00

5.00

Stock Exchange c a l l leans—going r a t e l /

5.00

5.00

5.00

5.00

5.00

Discount r a t e ( F e d e r a l Reserve Bank of New York)

3.50

3.50

3.50

3.50

3.50

. . .
. .

2.399
2.806

2.307
2.805

2.567
3.175

2.307
2,625

. . .
. . .
. . .
. . .

2.18
2.64
2.95
3.20
3.99
3.96

2.27
2.85
3.03
3.23
3-87
3.91

2.41
2.87
3-07
3.18
3.76
3.87

8 6 . 87

87.48

4.44
5.28
3.30

4.44
5.27
3.30

Commercial p a p e r (prime* 4 t o 6 mos.) 1 /
F i n a y t t paper p l a c e d d i r e c t l y (3 t o 6 mos.) 1/
B a n l H 1 a c c e p t a n c e s (prime, 90 days) 1 /

Y i e l d s on U. S . Government s e c u r i t i e s l /
. 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 c , . . . . . . . . . .
9 - 1 2 month b i l l s . . . . . . . . . .
a ^ e r t a x a b l e i s s u e s , 9 t o 12 months
finable
issues, 3 to 5 years . . . .
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 l / .

. . . . .

Average y i e l d on c o r p o r a t e bonds (Moody's) 1/
Aaa
. . . . . . .
Baa
. . . . . . . . . .
#
S t a t e and l o c a l Government, Aaa 4 /
1/
2/
3/
4/

Monthly
June I960 Jlllv I960

Average of d a i l y f i g u r e s .
* E f f e c t i v e June 10, I 9 6 0 .
n/ Preliminary.
c j Corrected.
I n c l u d e s a l l bonds maturing o r 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 average market y i e l d s on b a s i s of an assumed 3 per c e n t , 20-year bond.
Moody's I n v e s t o r S e r v i c e ; monthly and weekly d a t a a r e based on Thursday f i g u r e s .

GOVERNimiT FINANCE SECTION, FEDERAL RESERVE BO^RD



August 3, I960