Full text of G.13 Selected Interest Rates : February 10, 1959

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G. 13
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN MARKET MONEY .RATES AND BOND PRICES

It
cn

February 10, 1959

Mont My
V.'eekly
~19%9
Jan. 3 Jan. 10 Jan. 17 Jan. 2k Jan. 31 Dec. 195f

2.458

2.500

2.425

2.500

2.500

Commercial paper (prime, 4 t o 6 mos.) 1 /
Finance paper placfed directly (3 t o 6 mos.) 1 /
Bankers' acceptances (prime, 90 days) l /

3.31
3-00
2.75

3.25
3.00
2.75

3.25
3.00
2.75

3.33
3.10
2.75

3.38
3.13
2.75

Prime Loan Rate (Leading City Banks)

it .00

4e00

4.00

4.00

4.00

Stock Exchange c a l l loans - going rate 1 /

3.75

3.75

3.75

3.75

3.75

Discount rate (Federal Reserve Bank of New York)

2.50

2.50

2.50

2.50

2.50

2.690

2.678
2.959
2.72
2.98
3.00
3.73

2.808
3-034
2.86
3.05
3-27
3.87
3.89

3.035
3.233
2.97
3.23
3.47
3.95
3.96

2,975
3-337
2.77
3.14
3.38
3.92
3.94

(Funds (Eff sctive Rate)

Yields on U. S, Government securities 1 /
B i l l s , 3 months, new issues
«
B i l l s , 6 months, new issues
.
B i l l s , 3 months, market y i e l d .
. .
. .
B i l l s , 6 months, market yield . . . . . .
^ k a b l e issues, 9 t o 12 months . .
. .
. .
Useable issues, 3 t o 5 years
Bonds - long-term, taxable 2 / . . . . . . . .

2i920

2.67
2.92

3cOU

3.70
3.83

Price of long-term Treasury bonds 3 / •
Average y i e l d on corporate bonds (Moody's) l /
Aaa
e e . # e o e . e e o . e e » » e
Baa
„
i i . i .
State and l o c a l Government, Aaa 4 / . . . .
.
p/
1/
2j
3/
|/

4

3.84




3.30
3.05
2.75

3.75

3.75

2.814

2.837
3.097
2.82
3.09
3.26

2.77
3.24
3.65

3.80

3-86

3.90

88.48

88.32

87.66

86.87

87.08

88.90

87.54

4ao
W7
3JL2

4*85

4.09

4 »ll
4;86
3 «19

4.12
4;88
3.19

4.16
4.90

4.08

PA«12
pA»87

3.19

Preliminary. ~ ~
Average of d a i l y f i g u r e s .
Includes all bonds maturing or callable in 10 years or mcreo
Prices derived from average market y i e l d s on basis of an assumed 3 per cent, 20^year bond.
Moody's Investor Service; monthly and weekly data are based m Thursday figures.

GOVERNMENT FINA1ICE S3CT1CS1, BOARD OF GOVERNORS

3.33
2o94
2.75

3«20

4.85
3.12

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