Full text of G.13 Selected Interest Rates : December 12, 1966

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FEDERAL

statistical

RESERVE

release

Open Market Money Rates and Bond Prices
Weekly
Average of Daily Figures V
Nov. 26 i Dec, 3
Nov, 5
Mov, 12 1 Nov, 19
5.50 1
5.86
5.86
Federal Funds (Effective Rate)* . . .
5.96
5.64
6.00
6.00
6.00
6.00
6.00
Commercial paper (prime, 4 to 6 mos.)
5*88
5.88
5.88
5.88
5.88
|nce paper placed directly (3 to 6 mos.)
Fj^hn
5.63
5.68
5.75
5.63
5.65
Bsnmersf Acceptances (prime, 90 days)

Monthly
Oct.
Nov.

5.53

6.00

"5777

6.00

5.82
5.72

5.88
5.67

6.25

6.25

Prime Loan Rate (Leading City Banks). . . . . . .

6,00

6.00

6,00

6,00

6.00

Stock Exchange call loans—going rate . . . . . .

6.25

6,25

6,25

6,25

6.25

Discount rate (Federal Reserve Bank of New York).

4.50

4.50

4,50

4.50

4.50

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

5.234
5,513

5.432
5 c 705

5.459
5.695

5.252
5.501

5.202
5.337

5.387
5.652

5.344
5.604

5*29
5,57
5.53

5.41
5; 68
5.58

5.38
5.63
5.53

5.26
5.49
5.49

5.17
5.26
5.27

5.33

5.61

5.52

5;31
5.54
5.49

ket yield:
ther taxable issues, 9 to 12 months.
Taxable issues, 3 to 5 years.
. . .
Bonds—Long-term taxable 2/ . . . . .

5.48
5.39
4,67

5.56
5.45
4.73

5.51
5.47
4.77

5.33
5.43
4,76

5.32
5.34
4,74

5,57
5.38
4.70

5.45
5.43
4,74

Price of long-term Treasury bonds 3/. . .

78.47

77.82

77.39

77.40

77.66

78.07

77.68

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

5.35

5,35

6.11

5.36
6.12

5.36

5.37

5.41

6.10

5.35
6.13

State and Local Government Aaa (Moody's) <

3.72

3,72

3,81

3.87

3.89

3.82

3.78

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

«

I
*
**

6,10

6.16

6.18

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.
Daily averages are based on number of calendar days in period.
Bills are quoted on bank discount basis.

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




December 12, 1966