Full text of G.13 Selected Interest Rates : February 3, 1960

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4BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OPEN MHRKET MONEY RATES AND BOND PRICES

G. 13

Weekly
Jan, 16
Jan. 9
4.000
4.000

Monthly
J an. 23 . Jan. 30 Dec. 1959 Jan. I960
4.000 ~—37950"

Federal Funds (Effective rate)

Jan, 2
4.000

Commercial paper (prime, 4 to 6raos.)if
Fyepce paper placed directly (3 to 6 mos.) if
dirers1 acceptances (prime, 90 days) if

4.88
4.88
4.50

4.88
4,93
4.64

5.00
5.13
4.88

4.98
5.13
4.85

4.80
4.90
4.78

Prime loan Rate (Leading City Banks)

5.00

5.00

5.00

5.00

5.00

Stock Exchange call loans—going rate if

4.75

5.15

5.50

5.50

5.50

Discount rate (Federal Reserve Bank of New York

4.00

4.00

4.00

4.00

4.00

4.516
4.942

4.602
5.099

4.590
4.989

4.436
4.665

4.40
4.91
5.02
5.00
4.99
4.37

4.59
5.07
5.15
5.11
4.97
4.42

4.53
4.81
4.96
5.00
4,91
4.37

81.83

81.33

4.61
5.32
3.49

4.61

Yields on 0. S. Government securities if
Auction average:
Market yield:
_9-12 month bills

• • • • • • • • • • • * • • *

Average yield on corporate bonds (Moody's) if
State and local Government, Aaa 4/

5.32
3.53

4,88
4.82
4.4?

4.91
5.02
4.78

4.75

5.42

4.116
4.608

4.572
4.915

4.436
4.840

4.27
4.60
4.92
4.87
4.81
4.35

4.01
4.49
4.76
4.75
4.80
4.36

4.49
4.85
4.99
4.98
4.95
4.27

4.35
4.74
4,95
4.93
4.87
4.37

81.91

82.07

81.95

83.00

81.81

4.61
5.34
3.49

4.61
5.35
3.47

4.61
5.36
3.47

4.58
5.28
3.43

2/4.61
2/5.34
2/3.49

\J Average of daily figures,
2/ 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 bond.
kf Moody's Investor Service; monthly and weekly data are based on Thursday figures.

GOVERNMENT FINANCE SECTION, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM



f

FOR FILES
M Keir
February 3, I960