Full text of G.13 Selected Interest Rates : December 3, 1974

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FEDERAL

Monthly

Weekly

A v e r a g e of Daily Figures *
Federal Funds (Effective Rate) 1/. . . .

Nov. 2
9.72

Nov. 9
9.63

8.50
8.93
10.75(11/14)

8.50
9.41
10.50(11/25)

11.19

10.94

10.55

10.50

8.00

8.00

8.00

8.00

8.00

7.892
7.766

7.880
7.857

7.604
7.552

7.528
7.427

7.328
7.369

7.244
7.559

7.585
7.551

7.95
7.86
7.51

7.66
7.65
7.38

7.26

7.46

7.39
7.29

7.42
7.19

7.45
7.57

7.46
7.74
7.59

7.47
7.52
7.29,

8.02
7.98
7.12

7.81
7.83
7.04

7.63
7.67
6.92

7.55
7.53
6.87

7.50

8.04
7.98

6.88

7.22

7.67
7.65
6.93

56.43

57.04

57.87

58.24

58.22

55.69

57.80

9.73
9.09
10.48

9.67
8.99
10.49

9.61

9.54
8.84
10.52

9.80

8.89
10.50

9.56
8.84
10.49

9.27
10.41

9.60
8.89
10.50

6.10

6.10

6.05

6.00

6.10

6.21

6.06

Yields on U.S. Government Securities
A u c t i o n average:
3-month bills
6-month bills

State and Local Government Aaa (Moody's)

Nov.
9.45

9.00

Discount rate (Federal Reserve Bank of New York)

Aaa.
Baa.

10.06

8.81

11.25

Average yields on corporate bonds (Moody's)

,Qcf,

8.73
8.50
9.00
10.75

Stock Exchange call l o a n s — g o i n g rate.

. . . .

Nov* M
9.46

8.88

8.50
8.83
11.00

Market Yield:
Other taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years . . . .
B o n d s — L o n g - t e r m taxable 3/

N9V. 23
9.34

8.81

8.95
8.83
8.53
8.95
11.25

Market Yield: 2/
3-month bills.
6-month bills.
1-year bills .

Nov. 16
9.37
8.94

9.00

Commercial paper (prime, 90 to 119 day).
Commercial paper (prime, 4 to 6 mos.) . .
Finance Paper placed directly (3 to 6 mos
Bankers 1 Acceptances (prime, 90 days). .
Prime L o a n (large-business prime rate-majority)

T7
2/
*3/
4/
*

release

OPEN MARKET MONEY RATES AND BOND PRICES

G . 13

Price o f Long-term Treasury bonds 4/

statistical

RESERVE

8.88

7.26

7.62

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


DECEMBER 3, 1974

9.55
9.36
9.03
9.34

8.95

11.80

10.81

8.81
8.50
9.03