Full text of G.13 Selected Interest Rates : August 3, 1976

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s t a t i s t i c a l

G?EN MARKET MONEY RATES AND BOND PRICES
(Yields in per cent per annum)

July

Average of Daily Figures*

July

10

Weekly
July

r e l e a s e

For Immediate Release
August 3, 1976

juxy
24

July
31 .

Monthly
July

Federal funds (effective rati \1/

5.58

5.37

5.27

5.30

5.28

5.48

5.31

Commercial paper (prime, 90 to 119 day).
Commercial paper (prime, 4 to 6 mos.). .
Finance paper placed directly (3 to 6 mos
Bankers' acceptances (prime, 90 days)
Prime loan (large business prime rate-majority)

5.70
5.80
5.50
5.69
7.25

5.72
5.81
5.63
5.66
7.25

5.53
5.65
5.53
5.48
7.25

5.48
5.65
5.50
5.47
7.25

5.38
5.50
5.50
5.34
7.25

5.83
5.94)
5.78 ^
5.77
7.20

5.54
5.67
5.53
5.50
7.25

Stock Exchange call l o a n s — g o i n g rate

. . . .

7 .50

7.50

7.50

7.50

7.50

7.31

7.50

Discount rate (Federal Reserve Bank of New York)

5.50

5.50

5.50

5.50

5.50

5.50

5.50

Yields on U.S. Government Securities —
Auction average:
3-month bills . .
. . . . .
6-month bills . ,
; . . . .

5.368
5.754

5.412
5.768

5 .1905.430

5.226
5.536

5.194
5.497

5.443
5.784

5.278
5.597

5.36
5.75

5.34
5.61
5.90

5.15
5.44
5.72

5.23
5.54
; 5.84

5.17
5.45
5.74

5.41
5.77

5.23
5.53
5.82

6.46
7 .36
6.90

6.35
7.30

6.17
7.26

6.86

6.12
7.21
6.85

6.52
7.40
6.92

6.21

6.86

6.13
7.18
6.83

Price ofi long-term Treasury bonds 3/4/ . . .

58.02

58.33

58.58

58.33

58.38

57.86

58.38

Average yields on corporate bonds (Moody's).
Aaa
\
. .
Baa

9.03
8.63
9.70

8.99
8.57
9.68

8.96
8.53
9.63

8.95
8.55
9.60

8.95
8.54
9.61

9.05

8.97
8.56
9.63

Market yield:
3-month bills . . . . . . . . . . .
6-month bills . . . .
1-year bills . .
Coupon issues due in:
9 to 12 months. . . . . . .- ...
3 to 5 years
. . . . . . .
10 years or more (long-term) 3/

6,08

6.12

8.62
9.72

State and local Government Aaa (Moody's)
5.85
5.70
5.62
5.67
5.75
5»81
1/ 7-day average for statement week ended on preceding Wednesday.
2V Billys quoted on bank discount basis.
'
, 3/ Bonds neither due nor callable in less than 10 years.
4/ Pifices derived from average market yields on the basis of ap assumed 3 per cent, 20-year bond.
for FRASER
* Average of daily figures except state and local Governments, which are based on Thursday figures.

Digitized
http://fraser.stlouisfed.org/ •
Federal Reserve Bank of St. Louis

, GOVERNMENT'FINANCE SECTION, FEDERAL RESERVE B0AM)

7.24
6.85

5.71

OPEN M A R K E T M O N E Y R A T E S A N D BOND PRICES
(Yields in per cent per a n n u m )

G.13 c o n t .

Federal
Funds
Period
1976--July 1

12
13
14
15

16
19

20
21
22
23

26
27

28
29
30
1/

5.58
5.45

Commercial
Paper
90-119
day
5.75
5.75

3-month
bills
5.36
5.35

U.S. Government Securities
Market Y i e l d s 1/
1-year
Other Issues
Issues due
bills
due in 9-12 m o 1 in 3-5
6.08
6.48
7.37
6.05
6.47
7.34

6-month
bills
5.74
5.72

M A R K E T CLOSED - I N D E P E N D E N C E DAY
5.39 .
5.75
5.39
5.69
4.82
5.75
5.40
5.70
5.39
5.75
5.33
5.58
5.26
5.63
5.25
5.47

5.87
5.74

5.26
5.21
5.26
5.25
5.28

5.63
5.50
5.50
5.50
5.50

5.16
5.15
5.15
5.11
5.20

5.42
5.45
5.45
5.39
5.50

5.68
5.72
5.73
5.67
5.79

5.39
5.31
5.33
5.27
5.24

5.50
5.50
5.50
5.50
5.38

5.23
5.24
5.23
5.23
5.21

5.52
5.57
5.55
5.55
5.50

5.82
5.85
5.84
5.88
5.80

5.28
5.28
5.41
5.29
5.32

5.38
5.38
5.38
5.38
5.38

5.19
5.15
5.17
5.16
5.17

5.49
5.42
5.44
5.43
5.49

5.79
5.69
5.72
5.71
5.77

B i l l s quoted on a b a n k discount b a s i s .




5.98

6.00

6.42
6.42
6.34

6.21
6.13

6.16
6.15

6.08
6.15

6.20
6.19

6.18
6.16
6.14

6.16
6.11
6.11
6.09

6.12

7.32
7.34
7.29
7.23
7.17
7.19
7.18
7.14
7.21

Long-term
Bonds
6.90

6.88
6.87

6.88
6.86
6.83

6.82
6.83
6.83

6.82
6.84

7.26
7.26
7.26
7.26
7.24

6.86

7.26
7.21
7.22
7.16
7.19

6.87

6.87

6.86
6.86
6.85

6.86

6.86

6.84
6.84