Full text of G.13 Selected Interest Rates : August 8, 1973

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FEDERAL

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6.13

RESERVE

statistical

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OPTO MARKET MONEY RATES AND BOND PRICES

Averages of Daily Figures 1/
Federal Funds (Effective Rate)*. . . . . . . . . .

July 7
—

Wefceklv
July 14
July 21
9.52
10.22

July 28
10,58

Commercial paper (prime, 4 to 6 mos.).
Finance Paper placed directly (3 to 6 mos.). . . .

8.75
7.84
8.94

8.90
8.08
9.00

9.15
8.13
9.05

Prime Loan (Large-Business Prime Rate)

8.00

8.25

8.50

8.50

8.00

8.15

8.45

7.00

7.00

7.987
8.011

9.60
8.13
9.50

Monthly
June
July
8.49
16.40
7.99
7.45
7.98

9.18
8.09
9.19

8.75

7.83

8.41

7.00

7.00

- -

- -

7.991
8.019

7.967
8.023

8.114
8.272

7.188
7.234

8.015
8.081

7.94
7.95
7.71

7.78
7.86
7.65

8.03
8.17
7.97

8.17
8.35
8.34

7.19
7.23
7.05

8.01
8.12
7.97

7.96
7.15
6.44

8.09
7.29
6.43

8.40
7.48
6.50

8.73
7.76
6.64

7.27
6.76
6.32

8.37
7.49
6.53

61.64

61.72

61.16

60.03

62.61

60.87

Average yields on corporate bonds (Moody's). .

7.74
7.41
8.16

7.78
7.44
8.22

7.80
7.45
8.25

7.83
7.48
8.27

7.69
7.37
8.13

St?te and Local Government Aaa (Moody's) . . . . .

5.10

5.25

5.20

5.30

5.05

Discount rate (Federal Reserve Bank of New York) .

——

Yields on U.S. Government Securities
Auction average:

Market yield:**
6-month bills
Market yield:
Other taxable issues, 9 to 12 months . . . . .
Taxable issues, 3 to 5 years . . . . . . . . .
Price of Long-Term Treasury bonds 3/

7.80
7.45
8.24 ^
5

2/
3/
*

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.
7-day average for statement week ended on preceding Wednesday.
**Bills quoted on bank discount basis.

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




August 8, 1973

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