Full text of G.13 Selected Interest Rates : December 7, 1959

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G. 13

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

Oct. 31
Nov. 7
4.OC50~" 4.000

Federal Funds (Effective rate)

Weekly
Nov. 14
4.000

Nov. 21
4.000

Monthly
Nov. 28 Oct. 1959 Nov. 1 9 %
4.000

Commercial paper (prime, 4 to 6 mos.) 1/
Felice paper placed directly (3 to 6 mos.) l/
Bankers' acceptances (prime, 90 days) 1/

4.68
4.43
4.25

4.63
4.38
4.25

4.63
4.38
4.25

4.65
4.38
4.25

4.75
4,38
4.25

Prime Loan Rate (Leading City Banks)

5.00

5.00

5.00

5.00

5.00

Stock Exchange call loans—going rate 1/

4.75

4.75

4.75

4.75

4.75

Discount rate (Federal Reserve Bank of New York)

4.00

4.00

4.00

4.00

4.00

4.022
4.499

4.137
4.437

4.089
4.534

4.332
4.744

4.279
4.625

4.117
4.646

4.00
4.37
4.54
4.47
4.65
4.09

4.03
4.42
4.42
4.62
4.70
4.09

4.04
4.50
4.43
4.62
4.71
4.10

4.20
4.57
4.55
4.73
4.75
4.13

4.24
4.62
4.66
4.80
4.78
4.15

4.05
4.53
4.69
4.65
4.69
4.11

85.21

85.21

85.15

84.67

84.48

84.95

4.56

4.57
5.27
3.48

4.57
5,27
3.47

4.57
5.27
3-41

5.26

4.55

4.57
5.28
3.57

Yields on U. S. Government securities if
Auction average:
3-month bills . . . . .
6-month bills
Market yield:
3-month bills
6-month bills . . . . . . . . . . . .
^fc-12 month bills
^^Sther taxable issues, 9 to 12 months
Taxable issues, 3 to 5 years .
. .
Bonds—long-term, taxable 2/ . . . .
Price of long-term Treasury bonds 3/
Average yield on corporate bonds (Moody's) l/
Aaa
Baa
State and local Government, Aaa 4/
0
_y
_/
/
.2/

5.26
3.49

Average of daily figures.
Includes all bonds maturing or callable in 10 years or more.
Prices derived from average market yields on basis of an assumed 3 per cent, 20-year bend.
Moody's Investor Service; monthly and weekly data are based on Thursday figures.
Preliminary.

GOVERNMENT F I N A N C E SECTION,




BOARD OF GOVERNORS

OF THE FEDERAL RESERVE SYSTEM

3.38

4.73
4.70
4.25

4.75

December 7> 1959