Full text of G.13 Selected Interest Rates : December 11, 1973

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

G. 13

OPEN MARKET MONEY RATES AND BOND PRICES

Nov.. 3

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

Nov. 10
9.71

Weekly'
Nov. 17 Nov. 24
10
10.03

Dec. 1
10.09

Monthly
Oct.
Nov.
10.03

8.28
7.50
8.50

8.69
7.63
8.75

9.08
8.10
8.75

9.09
8.16
8.75

9.10
8.05
8.75

Prime Loan (Large-Business Prime Rate)

4/

4/

4/

4/

Stock Exchange call loans—going rate

10.00

1/
10.00

10.00

10.00

10.00

Discount rate (Federal Reserve Bank of New York)

7.50

7.50

7.50

7.50

7.50

Yield on U. S. Government Securities
Auction average:
3-month bills . . . . . . . . . .
6-month bills

7.196
7,263

8.098
7.987

8.636
8.381

7.704
7.805

7.695
7.679

7.155
7.259

7.866
7.823

7.38
7.43
6.99

8.12
8.06
7.42

8.11
8.30
7 .64

7.72
7.85
7.37

7.52
7.77
7.29

7.22
7.32
7.17

7.83
7.96
7.40

•

7,32
6.83
6.27

7.85
7.03
6.33

8.01
7.16
6.35

7.50
6.90
6.29

7.36
6.79
6.27

7.42
6.81
6.26

7.66
6.96
6.31

• • •

63.02

62.50

62 . 33

62.88

63.01

63.13

62.71

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

7.99
7.65
8.43

8.01
7.67
8.43

8.03
7.69
8.42

8.02
7.68
8.42

8.01
7.64
8.42

7.96
7.60
8.41

8.02
7.67
8.42

Commercial paper (prime, 4 to 6 mos.)
Finance Paper placed directly (3 to 6 mos.
Bankers' Acceptances (prime, 90-days)

Market Yield:**
3-month bills
6-month bills
1-year bills
Market Yield:
Other taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years
Bonds--Long-Term taxable 2/
Price of Long-Term Treasury bonds 3/

•

8.92
7.84
9.07

8.94
7.94
8.73

10.02

10.00

4.76
5.03
5.00
5.05
5.10
5.05
4.95
State and Local Government Aaa (Moody's)
Average o f daily f i g u r e s except s t a t e a n d local Governments, which are based on Thursday figures.
21 Includes all bonds maturing or callable in 10 years or more.
3/ prices derived from average market yields on the basis of an assumed 3 per cent, 20-year bond.
4/ Effective October 1, 9-1/2—9-3/4--10.
* 7-day average for statement w e e k ended on preceding Wednesday.
**Bills quoted on bank discount basis.
l7

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




DECEMBER 11, 1973