Full text of G.13 Selected Interest Rates : December 3, 1958

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G. 13

cl:

R&S MR 1058
December

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN MARKET MONEY RATES AND BOND PRICES

S
O
C^ I . <

t.eekly
Nov. 15

Nov» 22 i Nov. 29

Monthly
Oct • 1958 Nov . 1958

Nov. 1

Nov. 8

Fe^^£ IZVunds (Sf f e c t i v e Rate)

1.150

2.125

1.875

2.it5o

2.500

CoiSencial paper (prims, It t o 6 mos.) 1 /
Finance-paper
d i r e c t l y (3 t o 6 mos.) 1 /
Bankers 1 acceptances (prime, 90 days) 1 /

3.15
2.75

3.13
2.75
2.75

3.00
2.75
2.75

3.08
2.75
2.75

3.13
2.75
2.75

P r i s e Loan Rate (Leading C i t y Banks)

it .00

It .00

It .00

it .00

it .00

Stock Exchange c a l l l o a n s - going r a t e 1 /

3.75

3.75

3.75

3.75

3.75

Discount r a t e (Federal Reserve Bank of New York)

2.00

2.50*

2.50

2.50

2.50

2.6U7
2.53

2 £7

2.6U9
2.1t9
2.87

2.77U
2;71

2.90

2.876
2.73
2.9it

3.75

3.75

3-59
3.71

3.69

2.723
2.72
2.96
3.58
3.67

89 .U6

89.5k

90.07

90.28

90.60

89.36

It .12
It.90
3.21

!t.ll
it .89
3.19

it .10
it .88
3.17

it .08
it .86
3.17

p/it .07
p/it .85
3 . lit

it .11
it .92
3.23

Y i e l d s on U. S . Government s e c u r i t i e s
B i l l s , 3 months, new i s s u e s . . . .
B i l l s , 3 months, market y i e l d . . .
Taxable i s s u e s , 9 t o 12 months . .
Taxable i s s u e s , 3 t o 5 years . .
| ^ d s - long-term, t a x a b l e 2 j . . .

1/
. . .
. .
. . .
. .
. . .

. . .
.
. . .
.
. . .

Price of long-term Treasury bonds 3 / • • • » • • <
Average y i e l d on corporate bonds (Moody's) 1 /
Aaa . . . . . .
. . . . . . . . .
Baa . . . . . . . . . . . . . . . . . . . .
S t a t e and l o c a l Government, Aaa it/

2.88

3.66

3.62

3.60

p/' Preliminary.
"
~ "
™
* E f f e c t i v e .November 7, 1 9 5 8 .
1 / Average of d a i l y f i g u r e s .
2 / Includes a l l bonds maturing or c a l l a b l e i n 10 years cr more.
3 / P r i c e s arc derived from average market y i e l d s on b a s i s of an assumed 3 per c e n t , 20-year bond.
It/ Moody's I n v e s t o r S e r v i c e : monthly and weekly data are based on Thursday f i g u r e s .
GOVEPNUEKT FBTANCE SBCi'IClI, ECuRD OF GCVERHCRS



3,23

2.87

2.75

3.75

2.793
2.63
2.83
3.63
3.76

Deceirber 3, 1P53