Full text of G.13 Selected Interest Rates : December 8, 1972

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.jjjgfr F E D E R A L
"G. 13^ F

RESERVE

statistical

release

OPEN MARKET MONEY RATES AND BOND PRICES

Averages of Dally Figures If
^P'edertl Funds (Effective Bate)*. . .

Weekly
Nov. 18
Nov. 11
Nov. 4
4.89
5.06 ~ 5.25

Montif l y
Nov.
Oct.

Nov. 25
4.97

Dec. 2

5.03

5.04

5.06

5.30
5.13
- -

5.25
5.13
5.01
5.75

Commercial paper (prime, 4 to 6 mo#.). . . .
Finance paper placed directly (3 to 6 mos.).
Bankers1 Acceptances (prime, 90 days). . . .

5.25
5.13
5.10

5.25
5.13
5.00

5.25
5.13
5.00

5.25
5.13
5.00

5.25
5.13
5.00

Prime Loan (Leading City Banks).

4/

4/

4/

4/

4/

Stock Exchange call loans—going rate

5.75

5.75

5.75

5.75

5.75

5.70

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.

4.767
5.141

4.668
4.957

4.775
5.070

4.776
5.050

4.886
5.178

4.719
5.118

4.774
5.079

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

4.74
5.08
5.27

4.71
5.04
5.18

4.76
5.07
5.17

4.82
5.10
5.20

4.88
5.18
5.25

4.74
5.13
5.39

4.78
5.09
5.20

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

5.25
6.10
5.59

5.18
6.05
5.51

5.16
6.00
5.47

5.24
6.02
5.48

5.35
6.04
5.53

5.41
6.11
5.69

5.22
6.03
5.50

Price of Long-Term Treasury bonds 3/ . . . .

69.04

69.79

70.21

70.09

69.66

68.09

69.87

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

7.57
7.18
8.04

7.55
7.16
8.02

7.53
7.12
8.00

7.49
7.09
7.95

7.47
7.07
7.96

7.59
7.21
8.06

7.52
7.12
7.99

State and Local Government Aaa (Moody's) . .

4.90

5.00

4.90

4.85

4.90

5.03

4.91

If
2/
*3/
4/
*

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.
Effective Oct. 16-5-3/4—5-7/8; Nov. 6-5-3/4; Nov. 20, 5-3/4--S-7/8.
7-day average for statement week ended on preceding Wednesday.

GOVERNMENT FINANCE SECTION, FEDERAL RESERVE BOARD




December 8, 1972