Full text of G.13 Selected Interest Rates : February 10, 1967

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Open Market Money Rates and Bond Prices
Weekly
Average of Daily Figures.1/ . . .
Jan.
Jan. 21
Jan. 14
5.14
5.39
5.25
Federal Funds (Effective Rate)*
G. 13

IX

6.00

5.68
5.38

Jan, 28
5.18
5.55
5.25
5.03

Feb. 4
4.21
5.40
5.25
4.78

Monthly
Dec. 1966
5.40

6.00

Comnyrcial paper (prime, 4 to 6 mos.) . • • • #
F i n ^ p e paper placed directly (3 to 6 mos.) ; ;
Bankers' Acceptances (prime, 90 days) , *

5s 84
5.50

5.85
5.70
5.43

5.18

Prime Loan Rate (Leading City Banks). *

6,00

6.00

6.00

Stock Exchange call loans—going rate

6,25

6.25

6.25

6.25

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 . . . . . . . .

4.822
4.911

4.818
4.890

4.716
4.686

4.680

4.662

4.486
4.460

5.007
5,108

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

4.80
4.88
4.76

4.81
4.84
4.67

4.71
4.70
4.56

4.66
4.65
4.54

4.49
4.49
4.45

4.96
4.98
5.00

M a ^ h t yield:
^ K e r taxable issues, 9 to 12 months;
Taxable issues, 3 to 5 years;
Bonds—Long-term taxable 2/

4.90
4. 82
4,46

4.76
4.76
4.40

4.64
4.65
4.37

4.63
4.68
4.39

4.55
4.64
4.37

5.10
5.07
4.65

Price of long-term Treasury bonds 3/.,• , .

80.76

81.46

81.90

81. 67

81.90

78.73

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

5.38
6.15

5.32

5.15
5.92

5.04
5.83

5.02
5.81

5.39

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

3.72

3.35

3.34

3.25

4.01

t

t * t ? f

6.08
3.60

5.88
5.60

5,50-575# 5.50-5.75
6.25

6.18

1 / Average of daily figures except state and local Governments, which are based on Thursday figures.
2/ Includes all bonds maturing or callable in 10 years or more.
3/ 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 January 26-27, 1967; the Price Loan Rate was reduced to a range of 5.50-5,75.
February 10, 1967
GOVERNMENT FINATNC* SECTION, FEDERAL RESERVE BOARD