Full text of G.13 Selected Interest Rates : August 6, 1974

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/#%.

FEDERAL

statistical

release

OPEN MARKET MONEY RATES AND BOND PRICES

G. 13

Average of Daily Figures

RESERVE

1/

July 6

f e d e r a l Funds (Effective Rate)*
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)

Weekly
July 13
July 20

July 27

Aug. 3

Monthly
June
July

13.55

13.34

13.04

12.60

12.29

11.93

12.92

12.00
11.81

12.18
11.95

12.15
11.95

11.73
11.50

11.43
11.23

11.18
10.96

11.93
11.72

9.00
11.31

9.00
12.00

9.00
12.00

9.00
12.00

9.00
12.00

9.00
10.79

9.00
11.88

4/

11.78

12.22

12.00

12.00

12.00

12.00

12.06

12.25

12.25

12.25

12.25

8.00

8.00

8.00

8.00

8.00

7.808
8.055

7.892
8.480

7.702
7.876

7.604
7.700

7.698
8.055

8.145
8.232

7.752
8.028

Market Yield:**
3-month bills
6-month bills
1-year bills

7.53
8.15
8.38

7.45
8.05
8.13

7.72
7.83
7.80

7.43
7.64
7.81

7.84
8.38
8.38

7.90
8.12
8.16

7.55
7.94
8.04

Market Yield:
Other taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years
B o n d s — L o n g - t e r m taxable 2V

9.09
8.47
7.12

9.09
8.60
7.23

8.67
8.35
7.24

8.62
8.08
7.12

9.19
8.55
7.24

8.71
8.14
7.03

8.89
8.39
7.18

56.42

55.66

55.57

56.43

55.59

57.11

55.97

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

8.99
8.62
9.47

9.04
8.66
9.49

9.10
8.71
9.55

9.16
8.77
9.61

9.23
8.86
9.67

8.85
8.47
9.34

9.10
8.72
9.55

State and Local Government Aaa (Moody's)

6.20

6.50

6.50

6.15

6.40

5.95

6.34

Prime Loan (Large-business prime rate)Majority
Stock Exchange Call L o a n s — g o i n g rate
Discount rate (Federal Reserve Bank of New York]
Yield on U.S. Government Securities
Auction average:
3-month bills
6-month bills

•

Price of Long-term Treasury bonds

I/
2/
3/
4/
*

3/

- -

--

Average 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.
Prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
Effective July 5, 1974; 12.00
7-day average for statement week ended on preceding Wednesday. ** Bills quoted on bank discount basis.


GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD


August 6, 1974