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FEDERAL

G.13

RESERVE

.toti.ticol

OPEN MARKET MONEY RATES AND BOND PRICES

Average of Daily Figures *
Federal Funds (Effective Rate 37. . . . . . . . . .
Commercial paper (prime, 90 to 119 day) . . . . . .

Bankers' Acceptances (prime, 90 days) . .
Prime Loan (Large-business prime rate-majority)

Discount rate (Federal Reserve Bank of New York). .
Yields on U.S. Government Securities
Auction average:

r.ieos.

For Immediate Release
August 6, 1975

Weeklv
Julv 19
5.93

Julv 26
6.14

Aug. 2
6.25

Monthlv
June
Julv
6.10
5.55

Julv 5
6.31

Julv 12
6.06

6.25
6.34
5.81
6.19
7.00

6.28
6.45
6.00
6.38
7.00

6.28
6.43
6.00
6.35
7.25(7/18)

6.38
6.48
6.03
6.52
7.25

6.43
6.53
6.18
6.49
7.50(7/28)

5.67
5.79
5.53
5.70

7.13

7.13

7.15

7.35

7.75

7.15

6.00

6.00

6.00

6.00

6.00

6.009
6.262

6.203
6.510

6.045
6.344

6.247
6.626

6.318
6.719

5.193
5.463

6.164
6.492

5.98
6.28
6.47

6.06
6.39
6.50

6.05
6.41
6.53

6.27
6.65
6.82

6.28
6.69
6.86

5.43
5.61
5.86

6.13
6.50
6.64

6.89
7.62
6.89

6.91
7.65
6.89

6.91
7.67
6.87

7.27
7.79
6.90

7.35
7.86
6.92

6.26
7.26
6.86

7.07
7.72
6.89

58.14

58.11

58.24

58.02

57.88

58.33

58.09

9.44
8.84
10.35

9.43
8.82
10.33

9.43
8.85
10.32

9.44
8.86
10.31

9.45
8.77
10.40

9.43
8.84
10.33

6.33

6.40

6.50

6.40

6.28

6.39

—

6.32
6.44
6.02
6.40
—

7.30
—

Market Yield: ~

Market Yield:
Other taxable issues, 9 to 12 months . .
Taxable issues, 3 to 5 years . . . . . .

. .

Average yields on corporate bonds (Moody's)

. .

...

. .

9.44
8.82
10.37

State and local Government Aaa (Moody's) . . .

. .

6.30

Baa . . . . . . . . . . . . . . . .

1/
2/
3/
4/
*

.

.

7-day average for statement week ended on preceding Wednesday.
Bills quoted on bank discount basis.
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.
Average of daily figures except state and local Governments, which are based on Thursday figures.


GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD