Full text of G.13 Selected Interest Rates : December 4, 1968

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FEDERAL
C:T9^
Average of Daily Figures 1/
Federal .Funds (Effective Rate)*

RESERVE

statistical

OPEN MARKET HONEY RATES AND BOND PRICES
Weekly
Nov. 16
Nov. 9
Nov. 2
6.00
6.05
5.91

rcial paper (prime, 4 to 6 mos.) ,
ce paper placed directly (3 to 6 mos
Bankers' Acceptances (prime, 90 days) .

*

5.88
5.75
5.88

5.88
5.75
5.91

release

Nov. 23
5.45

Nov* 30
5.73

6.00

5.88
5.75

5.93
5.75

5.75

6.25***

6.25

6.25

6.00

6.00

6.00

Monthly
Cct*
5.92
5. 80
5.59
5.79

Prime Loan Rate (Leading City Banks). .

6—6.25c

6--6.25c

Stock Exchange call loans--going rate .

6.50

6.50

6.50

6.50

6.50

Discount rate (Federal Reserve Bank of New York)

5.25

5.25

5.25

5.25

5.25

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

5.471
5.473

5.554
5.616

5.602

5.483

5.483
5.679

5.448
5.573

5.334
5.401

5.48
5.50
5.45

5.48
5.59
5. 46

5.42
5. 61
5.49

5.43
5.61
5.54

5.47
5.58
5.56

5.35
5.41
5.33

5.52
5.42

5.26

5.59
5.44
5.28

5.62
5.47
5.33

5.53
5.48
5.40

5.52
5.51
5.44

5.44
5.42
5.24

Price of long-term Treasury bonds 3/» • * *

72.20

72.00

71.55

70.90

70.48

72.44

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

6.49
6.15
6.92

6.52

6.54
6.15
7.00

6.57
6.17
7.02

6.63

6.16

6.28
7.07

6.43
6.09
6.84

4.35

4.35

4.35

4.21

Market yields:**
3-month bills .
JB-month bills .
1-year bills. .
p k e t yield:
Other taxable issues, 9 to 12 months.
Taxable issues, 3 to 5 years. . . . .
Bonds--Long-term taxable 2/ . . . . •

State and Local Government Aaa (Moody's).
1/
2J
3/
*
***

4.25

6.97
4.25

6.50

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.
Effective November 13, 1968
c--corrected.

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD



December 4, 1968